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R-05-08-19-3A1 - 8/19/2005 RESOLUTION NO. R- �,��- ��9 /9-2 R WHEREAS, Chapter 26 of the Property Tax Code [Vernon' s Texas Codes Annotated, Tax Code, Sections 26 . 01 et. seq. ] requires taxing units to comply with truth-in-taxation laws in adopting their tax rates, and WHEREAS, the City of Round Rock' s 2005 proposed tax rate exceeds the effective rate, and WHEREAS, it is mandatory in such case for the governing body of the City of Round Rock to vote to place the proposal to adopt the rate on the agenda of a. future meeting as an action item on which a record vote will be taken, and WHEREAS, it is necessary for the City Council to set a date, time, and place for the holding of two public hearings on the proposed property tax rate, Now Therefore BE IT RESOLVED BY THE COUNCIL OF THE CITY OF ROUND ROCK, TEXAS, That the first public hearing on the 2005 proposed property tax rate be held on the 30th day of August, 2005, at 7 : 00 o' clock p.m. at 221 E. Main Street, Round Rock, Williamson County, Texas, and the second public hearing on the 2005 proposed property tax rate be held on the 8th day of September, 2005 at 7 : 00 o' clock p.m. at 221 E. Main Street, Round Rock, Williamson County, Texas . That the ordinance to adopt the 2005 proposed property tax rate be placed on the agenda of the September 8, 2005 meeting of the Round Rock City Council as an action item on which a record vote of the first reading will be taken and recorded. @PFDesktop\::ODMA/WORLDOX/O:/wdox/RESOLUTI/00089999.WPD/sc That the ordinance to adopt the 2005 proposed property tax rate be placed on the agenda of the September 22, 2005 meeting of the Round Rock City Council as an action item on which a record vote of the second reading and final adoption will be taken and recorded. That the City Council hereby approves the form of the attached Notice of Public Hearings on Tax Increase, attached hereto as Exhibit "A" and incorporated herein for all purposes, and directs the City Secretary to. publish same in accordance with the provisions of Section 26 . 06 of the Texas Tax Code. The City Council hereby finds and declares that written notice of the date, hour, place and subject of the meeting at which this Resolution was adopted was posted and that such meeting was open to the public as required by law at all times during which this Resolution and the subject matter hereof were discussed, considered and formally acted upon., all as required by the Open Meetings Act, Chapter 551, Texas Government Code, as amended. RESOLVED this 19th day of August, 2005 . wzft, Mayor Cit of Round Rock, Texas ATTEST: CHRISTINE R. MARTINEZ, City Secre ry 2 Notice of Public Hearing on Tax Increase Last year, the City of Round Rock's property tax rate was $0.37972. That rate raised $20,209,213, a portion of which was used to fund operations such as: Police, Fire, Library, Transportation, Parks, Recreation, Municipal Court, Legal Services, Planning & Community Development, Support Services, Administration and Debt Service on Long-Term Debt. This year, the City of Round Rock is proposing a property tax rate of $0.37704. That rate would raise $21,367,050, which is $1,157,837 more than taxes imposed last year. There will two public hearings to consider that increase. The first public hearing will be held on August 30, 2005, at 7 p.m., at City Council Chamber. The second hearing will be held on September 8, 2005, at 7 p.m., at City Council Chamber. You have a right to attend the hearings and make comments. You are encouraged to attend and make comments if you wish.