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Resolution 98-15 RESOLUTION NO. ff&- /S-{R) A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF WYLIE, TEXAS, ACCEPTING THE PROPOSED PROPERTY TAX RATE FOR FISCAL YEAR 1998-99; ACCEPTING THE CALCULATION OF AN EFFECTIVE TAX RATE; ESTABLISHING A DATE FOR PUBLIC HEARING ON THE PROPOSED PROPERTY TAX RATE; AND PROVIDING FOR THE PUBLICATION AS PROVIDED BY THE TEXAS PROPERTY TAX CODE WHEREAS, the City of Wylie has received the calculated effective tax rate as presented by the Collin County Tax Assessor Collector's Office; and WHEREAS, the proposed tax rate would increase the previous tax year levy the Statute requires an additional public hearing in order to entitle the City Council to consider acceptance and adoption of an ordinance levying a proposed property tax rate of .675 per $100 (ONE HUNDRED) dollars valuation; and WHEREAS, the Texas Property Tax Code Chapter 26, as heretofore amended, provides for specific procedures in which to consider the proposed tax rate NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Wylie, that: SECTION 1. The City Council of the City of Wylie, Texas, does hereby accept the rate of .675 per $100 (ONE HUNDRED) dollars valuation as the proposed property tax rate for fiscal year 1998-1999. SECTION 2. That Council met in a public meeting on August 11, 1998 and accepted this resolution with a majority vote as follows: Mayor John Monday YEA~ NAY ABST AIN ABSENT Mayor Pro Tern lC. Worley YEA V NAY ABST AIN ABSENT Councilmember Joel Scott YEA V NAY ABSTAIN ABSENT Councilmember Reta Allen YEA~ NAY ABSTAIN ABSENT Councilmember Lavern Ramsey YEA JZ' NAY ABSTAIN ABSENT Councilmember Merrill Young YEA~ NAY ABST AIN ABSENT Councilmember Chris Trout YEA~ NAY ABST AIN ABSENT SECTION 3. That a public hearing shall be held on September 8, 1998 at 7:00 p.m. in the City Council Chambers at the Wylie Municipal Complex, 2000 Hwy 78 North, Wylie, Texas, to receive public comment regarding the proposed tax rate. SECTION 4. That the content and vote taken on this resolution shall be published in the official newspaper of the City as provided by the Texas Property Tax Code. Resolution No, 1f3-!~--(K ) Page 2 '/ DULY RESOLVED by the City Council of the City of Wylie, Texas on this the 11th day of August 1998, ATTEST: