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Resolution 99-20 RESOLUTION NO. ~~- 2.0 ((2.) A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF \VYLIE, TEXAS, ACCEPTING THE PROPOSED PROPERTY TAX RATE FOR FISCAL YEAR 1999- 2000; ACCEPTING THE CALCULATION OF AN EFFECTIVE TAX RATE; EST ABLISHING A DATE FOR PUBLIC HEARING ON THE PROPOSED PROPERTY TAX RATE; AND PROVIDING FOR THE PUBLICATION AS PROVIDED BY THE TEXAS PROPERTY TAX CODE \VHEREAS, the City of Wylie has received the calculated effective tax rate as presented by the Collin County Tax Assessor/Collector's Office; and \VHEREAS, the proposed tax rate would increase the previous tax year levy and 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 tax rate of $0.70 per $100 valuation; and \VHEREAS, the Texas Property Tax Code Chapter 26, as heretofore amended, provides for specific procedures in which to consider the proposed tax rate; NO\V, 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$0.70 per $100 valuation as the proposed property tax rate for fiscal year 1999-2000. SECTION 2. The City Council of the City of Wylie, Texas, met in a public meeting on August 10, 1999, and accepted this resolution with a majority vote as follows: Mayor John Mondy Mayor Pro Tern J.e. Worley Councilmember Joel Scott Councilmember Reta Allen Councilmember James Swartz Councilmember Merrill Young Councilmember Chris Trout YEA~ YEA YEA YEA~ YEA V YEA --V YEA NAY NAY NAY NAY NAY NAY NAY-L ABSTAIN ABSTAIN ABSTAIN ABSTAIN ABSTAIN ABSTAIN ABSTAIN ABSENT ABSENT ABSENT ABSENT ABSENT ABSENT ABSENT SECTION 3. A public hearing shall be held on August 31, 1999, at 7:00 p.m. in the City Council Chambers at the Wylie Municipal Complex, 2000 Highway 78 North, Wylie, Texas, to receive public comment regarding the proposed tax rate. SECTION 4. 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. DULY RESOLVED by the City Council of the City of Wylie, Texas, on this the 10th day of August 1999. l~~:C('\ ",""=H', .:" C;- ", '. ~ ~ ~ ~;;:;;~~LIE, W"~ii/;::