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08-23-2007 (City Council) Agenda Packet Wylie City Council CITY i F WYLIE NOTICE OF MEETING Special Called Meeting Agenda Thursday, August 23, 2007 - 6:00 pm Wylie Municipal Complex - Council Chambers 2000 Highway 78 North John Mondy Mayor M. G. "Red" Byboth Mayor Pro Tern David Goss Place 1 Kathy Spillyards Place 3 Merrill Young Place 4 Rick White Place 5 Carter Porter Place 6 Mindy Manson City Manager Richard Abernathy City Attorney Carole Ehrlich City Secretary In accordance with Section 551.042 of the Texas Government Code, this agenda has been posted at the Wylie Municipal Complex, distributed to the appropriate news media, and posted on the City website: www.wylietexas.gov within the required time frame. As a courtesy, the entire Agenda Packet has also been posted on the City of Wylie website: www.wvlietexas.gov. The Mayor and City Council request that all cell phones and pagers be turned off or set to vibrate. Members of the audience are requested to step outside the Council Chambers to respond to a page or to conduct a phone conversation. The Wylie Municipal Complex is wheelchair accessible. Sign interpretation or other special assistance for disabled attendees must be requested 48 hours in advance by contacting the City Secretary's Office at 972.442.8100 or TD 972.442.8170. CALL TO ORDER Announce the presence of a Quorum. REGULAR AGENDA Public Hearing 1. Conduct a Public Hearing on the proposed tax rate of $0.73325 for Fiscal Year 2007-2008. (L. Williamson, Finance Director) Executive Summary In accordance with the "Truth in Taxation" laws of the State of Texas, on August 14, 2007, the City Council took a roll call vote on the proposed tax rate and scheduled two public hearings on the tax rate.The first public hearing is to be held on August 23,2007.The second public hearing is scheduled for August 28, 2007. The notice for the two public hearings was published in the McKinney Courier-Gazette and Rowlett August 23,2007 Wylie City Council Regular Meeting Agenda Page 2 of 2 News on August 16,2007,and the Wylie News on August 22,2007. The purpose of both public hearings is to give the taxpayers an opportunity to express their views on the tax rate.At the end of the second hearing, the City Council must set and announce the date,time,and place of the meeting at which it will vote on the final proposed tax rate. Currently the date has been set for September 11,2007. ADJOURNMENT CERTIFICATION I certify that this Notice of Meeting was posted on this 17th day of August, 2007 at 5:00 p.m. as required by law in accordance with Section 551.042 of the Texas Gc minepto Code and that the appropriate news media was contacted. As a courtesy, this agenda is also posj '�1 FCijy/ftylie website: www.wvlietexas.gov. SEAL = e.. ,76 7 arole Ehr ch, ity ecretary Date Notice Removed hp,••........••• ''/���,,;.E, Wylie City Council CITY OF WYLIE AGENDA REPORT Meeting Date: August 23, 2007 Item Number: 1 (City Secretary's Use Only) Department: Finance Prepared By: Karla Stovall Account Code: Date Prepared: August 15, 2007 Budgeted Amount: Exhibits: Subject Conduct a Public Hearing on the proposed tax rate of$0.73325 for Fiscal Year 2007-2008. Recommendation Discussion In accordance with the "Truth in Taxation" laws of the State of Texas, on August 14, 2007, the City Council took a roll call vote on the proposed tax rate and scheduled two public hearings on the tax rate. The first public hearing is to be held on August 23, 2007. The second public hearing is scheduled for August 28, 2007. The notice for the two public hearings was published in the McKinney Courier-Gazette and Rowlett News on August 16, 2007, and the Wylie News on August 22, 2007. The purpose of both public hearings is to give the taxpayers an opportunity to express their views on the tax rate. At the end of the second hearing, the City Council must set and announce the date, time, and place of the meeting at which it will vote on the final proposed tax rate. Currently the date has been set for September 11, 2007. The official detailed effective tax rate calculations are available in the office of the Collin County Tax Assessor/Collector (Kenneth L. Maun) in McKinney. A copy is also maintained in the Finance Department for the Council and public to view. The proposed budget is based on the tax rate of $0.73325 per $100 valuation. This is the rate previously proposed by the Council. Any change in the proposed tax rate will require revision of the proposed budget. The City is required by law to follow certain meeting and notice (publication) guidelines. Approved By Initial Date Department Director LW 8/15/07 City Manager Page 1 of 1