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Resolution 2016-21 RESOLUTION NO. 2016-21(R) A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF WYLIE, TEXAS, ACCEPTING THE PROPOSED PROPERTY TAX RATE FOR FISCAL YEAR 2016-2017; ACCEPTING THE CALCULATION OF THE EFFECTIVE TAX RATE; ESTABLISHING DATES FOR PUBLIC HEARINGS ON THE PROPOSED PROPERTY TAX RATE; AND PROVIDING FOR THE PUBLICATION AS PROVIDED BY THE TEXAS LOCAL GOVERNMENT CODE, SECTION 140.010. 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 allow the City Council to consider acceptance and adoption of an ordinance levying a proposed rate of$0.8489 per $100 valuation; and WHEREAS, the Texas Local Government Code, as amended by adding Section 140.010, 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 $0.8489 per$100 valuation as the proposed property tax rate for fiscal year 2016-2017. SECTION 2. The City Council of the City of Wylie, Texas, met in a public meeting on August 9, 2016, and accepted this resolution with a majority vote. SECTION 3. Public hearings shall be held on August 23, 2016, and September 6, 2016, at 6:00 p.m. in the City Council Chambers at the Wylie Municipal Complex, 300 Country Club Road, Wylie, Texas,to receive public comment regarding the proposed tax rate. DULY PASSED AND APPROVED by the City Council of the City of Wylie, Texas, on this the 9th day of August 2016. Eric Hogue, Mat ATTEST- . Carole hrlich, Cit Secretary `s y Resolution No.2016-21(R) �' "". Proposed Property Tax Rate FY2016-17C,pLp,COLORADO NSA FH flAILL'v4y s �gSS7� s Ark?OF TexA