RES 2005-24TOWN OF TROPHY CLUB, TEXAS
RESOLUTION NO. 2005 -24
A RESOLUTION OF THE TOWN COUNCIL OF THE TOWN OF
TROPHY CLUB, TEXAS APPROVING THE PLACEMENT OF A
PROPOSAL ON THE SEPTEMBER 19, 2005, TOWN COUNCIL
PUBLIC MEETING AGENDA TO ADOPT A 2005 TAX RATE
THAT WILL EXCEED THE LOWER OF THE ROLLBACK RATE
OR THE EFFECTIVE TAX RATE; CALLING PUBLIC
HEARINGS ON A TAX INCREASE TO BE HELD ON AUGUST 29,
2005 AND SEPTEMBER 6,2005; REQUIRING PLJBLICATION OF
A NOTICE OF PLJBLIC HEARING ON TAX INCREASE IN
ACCORDANCE WITH THE LAW; AND PROVIDING AN
EFFECTIVE DATE.
WHEREAS, the Town Council desires to consider adoption of a tax rate of
$0.44051 per $100 valuation, which will exceed the lower of the rollback rate or the
effective tax rate, in accordance with the requirements of the Texas Tax Code Chapter 26
and to schedule public hearings on the proposed tax increase as required by law;
NOW, THEREFORE, BE IT RESOLVED BY THE TOWN COUNCIL OF
THE TOWN OF TROPHY CLUB, TEXAS:
Section 1. The Town Council desires to consider adoption of a tax rate for
the 2005 tax year of $0.44051 per $100 per valuation that will exceed the lower of the
rollback rate or the effective tax rate.
Section 2. The Town Council hereby approves the placement of an item on
the September 19, 2005 Town Council public meeting agenda, such meeting being a
regular Council meeting, to vote on a proposed tax rate of $ 0.44051 per $100 valuation
that will exceed the lower of the rollback rate or the effective tax rate.
Section 3. The Town Council hereby calls public hearings on the proposed
tax increase to be held in the Svore Municipal Building located at 100 Municipal Drive,
Trophy Club, Texas 76262 on August 29,2005 and September 6,2005 at 7:00 p.m., such
dates being weekdays which are not public holidays. The first public hearing will not be
held until at least seven days after notice of both public hearings have been published in
the Trophy Club Times, a newspaper having general circulation within the Town, in the
form of the attached Notice of Public Hearing on a Tax Increase, which is incorporated
into this Resolution for all purposes meeting the size requirements specified Texas Tax
Code 826.06. The Town Manager and the Assistant Town Manager are hereby directed to
publish such notice in accordance with this Resolution and in accordance with Texas Tax
Code 826.06. At both public hearings, the Town Council will afford adequate
opportunity for both proponents and opponents of the tax increase to present their views.
Section 4. This resolution shall become effective immediately upon its
passage and approval at a regular meeting of the Town Council of the Town of Trophy
Club, Texas on this the 15'~ day of August, 2005, at which meeting a quorum was present
and the meeting was held in accordance with the provisions of Texas Government Code
j551.001, et seq. The Town Secretary is hereby directed to record this Resolution and the
vote on the proposal to place the item for a tax increase on the September 19, 2005 Town
Council agenda.
PASSED AND APPROVED by the Town Council of the Town of Trophy Club, Texas,
this 15~ day of August, 2005.
Nick Sanders, Mayor
Town of Trophy Club, Texas
ATTEST: n
Town of ~ro~i~ Club, ~enal
[Seal]
APPROVED AS TO FORM:
Town Attorney
Town of Trophy Club, Texas