RES 2008-17TOWN OF "rROPHY CLUB, TEXAS
RESOLUTION NO. 2008-17
A RESOLUTION OF THE TOWN COUNCIL OF THE TOWN OF
TROPHY CLUB, TEXAS APPROVING THE PLACEMENT OF A
PROPOSAL ON THE SEPTEMBER 22, 2008, TOWN COUNCIL
PUBLIC MEETING AGENDA TO ADOPT A 2008 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 18, 2008 AND
SEPTEMBER 08, 2008; REQUIRING PUBLICATION OF A
NOTICE OF PUBLIC 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
$0.43051 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 a tax rate
for the 2008 tax year of $0.43051 per $100 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 22, 2008 Town Council public meeting agenda, such
meeting being a regular Council meeting, to vote on a proposed tax rate of
$0.43051 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 18, 2008 and September
08,2008 at 7:00 p.m., such dates being weekdays wrlich 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 Tax Increase, which is incorporated into this
Resolution for all purposes meeting the size requirements spec Hied Texas Tax
Code §26.06. The Town Manager and the Assistant Town Manager are hereby
directed to publish such notice in accordance with this Resolution and in
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accordance with Texas Tax Code §26.06. 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 4th day of August, 2008, at which meeting a
quorum was present and the meeting was held in accordance with the provisions
of Texas Government Code §551.001, et seq. The Town Secretary is hereby
directed to record t~lis Resolution and the vote on the proposal to place the item
for a tax increase on the September 22, 2008 Town Council agenda.
PASSED AND APPROVED by the Town Council of the Town of Trophy Club,
Texas, this 4th day of August, 2008.
~~y~
Nick Sanders, Mayor
Town of Trophy Club, Texas
ATTEST:
c£o 0 c{j eh t)..t
Town Secretary
Town of Trophy Club, Texas
[Seal]
APPROVED AS TO FORM:
~uue£)Qc1JlLm£JJ
Town Attorney
Town of Trophy Club, Texas
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