R-98-08-13-10A3 - 8/13/1998TEXAS,
P00CS \RESOLUTI \R80813A3
•
RESOLUTION NO. R- 98- 08- 13 -10A3
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 1998 proposed tax rate will
raise more property tax revenue (1998 proposed taxes) than the
preceding year (1997 property taxes), 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 a public hearing on the proposed
property tax rate, and
WHEREAS, the proposed property tax rate is 38.5 cents per
$100 valuation compared to 37.7 cents for the prior year, and
WHEREAS, the proposed property tax rate is increasing to pay
for debt service on the issuance of voter - authorized General
Obligation Bonds and Certificates of Obligation in 1998, Now
Therefore
BE IT RESOLVED BY THE COUNCIL OF THE CITY OF ROUND ROCK,
That the proposal to adopt the 1998 proposed property tax rate
be placed on the agenda of the September 10, 1998 meeting of the
Round Rock City Council as an action item on which a record vote
will be taken and recorded.
That a public hearing on the 1998 proposed property tax rate
be held on the 10 day of the month of SSpr6m86� , 1998, at
7 o'clock p..m. at r2aJ � mA //1/ STie 7 , Round Rock,
Williamson County, Texas.
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, and the Act.
RESOLVED this 13th day of August, 1998.
ATTEST:
ro ll ///!1 Ora- 41(.L-
NE
LAND, City Secretary
2
CHARLES CU LRP ER Mayor
City of Round Rock, Texas
DATE: August 7, 1998
SUBJECT: City Council Meeting, August 13, 1998
ITEM: 10. A. 3. Consider a resolution which places a proposal to adopt the
City of Round Rock property tax rate on the agenda of a
future Council meeting and sets a date, time and place for a
public hearing on the proposed property tax rate.
In compliance with Truth -in- taxation law, if the City's proposed tax rate
will raise more property tax revenue than the preceding year, the
Council must vote to place the proposal to adopt the rate on the agenda
of a future meeting. The proposed property tax rate is 38.5 cents per
$100 valuation compared to 37.7 cents for the prior year. The proposed
property tax rate is increasing to pay for debt service on the issuance of
voter - authorized General Obligation Bonds and Certificates of
Obligation in 1998. Staff Resource Person: David Kautz, Finance
Director