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Resolution 2007-22 RESOLUTION NO. 2007-22 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF WYLIE, ~ TEXAS, ACCEPTING THE PROPOSED PROPERTY TAX RATE FOR FISCAL YEAR 2007-2008; ACCEPTING THE CALCULATION OF AN EFFECTIVE TAX RATE; ESTABLISHING DATES FOR PUBLIC HEARINGS ON TI~E PROPOSED PROPERTY TAX RATE; AND PROVIDING FOR THE PUBLICAITON 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 exceeds the effective tax rate and the Statute requires two public hearings in order to entitle the City Council to consider acceptance and adoption of an ordinance levying a proposed tax rate of $0.73325 per $100 valuation; and WHEREAS, the Texas Property Tax Code Chapter 26, as heretofore amended, provides the specific procedures in which to consider the proposed tax rate; NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Wylie, Texas, SECTION 1. The City Council of the City of Wylie, Texas, does hereby accept the rate of $0.73325 per $100 valuation as the proposed property tax rate for fiscal year 2007-2008. SECTION 2. The City Council of the City of Wylie, Texas, met in a public meeting on August .-u~ 14, 2005, and accepted this resolution with a majority vote as follows: Mayor John Mondy YEA X NAY ABSTAIN ABSENT Mayor Pro Tem Red Byboth YEA X NAY ABSTAIN ABSENT Councilmember David Goss YEA X NAY ABSTAIN ABSENT Councilmember Richard White YEA X NAY ABSTAIN ABSENT Councilmember Merrill Young YEA X NAY ABSTAIN ABSENT Councilmember Kathy Spillyards YEA X NAY ABSTAIN ABSENT Councilmember Carter Porter YEA X NAY ABSTAIN ABSENT SECTION 3. Public hearings shall be held on August 23, 2007 and August 28, 2007, at 6:00 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 PASSED AND APPROVED by the City Council of the City of Wylie, Texas, on this the 14th day of August 2007. e~~~~l?ii~iii~~~ ~ ~ .,,''~'L Q F°° ~~'r~ ° ~ ; ~ , ~c~ - V ` ~-~"LL" ~y : Jo Mondy, Mayor ATTES = _ ~1.~ - = ~ ~ ,r ; ppP~' Ca e Ehrlic , Ci ecretary ~'yC ~ E•.SE~~.~~~~•`` ~~~~ir~? n Resolution No. 2007-22(R) Vote to accept Tax Rate FY2007-08