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RES 2000-06TOWN OF TROPHY CLUB, TEXAS RESOLUTION NO. 2000 - 06 A RESOLUTION OF THE TOWN COUNCIL OF THE TOWN OF TROPHY CLUB, TEXAS CALLING A PUBLIC HEARING FOR APRIL 18, 2000, FOR THE PURPOSE OF RECEIVING PUBLIC INPUT ON THE QUESTION OF WHETHER THE VOTERS OF THE TOWN SHOULD ADOPT AN INCREASE IN THE SALES AND USE TAX OF ONE HALF OF ONE PERCENT FOR THE PROMOTION AND DEVELOPMENT OF NEW AND EXPENDED BUSINESS ENTERPRISES; AND PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, the Town Council has called an election for May 6, 2000; WHEREAS, at said election voters will decide whether to adopt an additional sales and use tax of one-half of one percent, and whether the proceeds of such tax should be dedicated to park and recreation facilities; WHEREAS, Section 4A of the Development Corporation Act of 1979, V.A.T.C.S. Article 5190.6 (Act) authorizes a municipality to hold an election on the questions whether a corporation created under Section 4A of the Act may use tax revenues toward projects that qualify under Section 4B of the Act. WHEREAS, prior to an election the Town must hold a public hearing to inform the residence of the Town of the cost and impact of the projects. NOW, THEREFORE, BE IT RESOLVED BY THE TOWN COUNCIL OF THE TOWN OF TROPHY CLUB, TEXAS: Section 1. That a public hearing on the aforesaid matter shall be held on April 18, 2000, at 7:30 p.m. in the Trophy Club, Municipal Utility District Building. Section 2. That this Resolution shall become effective from and after its date of passage in accordance with law. TOWN OF TROPHY CLUB, TEXAS - RESOLUTION - Page I saletax32100 PASSED AND APPROVED by the Town Council of the Town of Trophy Club, Texas this 21s` day of March, 2000. \NA,2 �� Mayor, Town of Trophy Club, Texas ATTEST/ Town Secretary, Tpwn of Trophy Club, 'texas APPROVED AS TO FORM: 1,�, ;� . I k� f .� Town Attoffiey, Town of Tro y Club, Texas TOWN OF TROPHY CLUB, TEXAS - RESOLUTION - Page 2 saletax32100