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RES 2009-13TOWN OF TROPHY CLUB, TEXAS RESOLUTION NO. 2009-13 A RESOLUTION OF THE TOWN COUNCIL OF THE TOWN OF TROPHY CLUB, TEXAS APPROVING THE PLACEMENT OF A PROPOSAL ON THE SEPTEMBER 28, 2009, TOWN COUNCIL PUBLIC MEETING AGENDA TO ADOPT A 2009 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 24, 2009 AND SEPTEMBER 14, 2009; 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 $0.47 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 2009 tax year of $0.47 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 28, 2009 Town Council public meeting agenda, such meeting being a regular Council meeting, to vote on a proposed tax rate of $0.47 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 24, 2009 and September 14, 2009 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 Tax Increase, which is incorporated into this Resolution for all purposes meeting the size requirements specified 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 Resolution 2009-13 1 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 3RD day of August, 2009, 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 this Resolution and the vote on the proposal to place the item for a tax increase on the September 28,2009 Town Council agenda. PASSED AND APPROVED by the Town Council of the Town of Trophy Club, Texas, this 3rd day of August, 2009. 0';; "TROPIy):>, $:'::::-0\ o f\ I-aJl * '!c / ~ ~<o/ ATIES .'ltU"lRY 1: .. 7' Connie White, Mayor Town of Trophy Club, Texas c.-::)~:> 0 eLk r?/7 e 1\ fown Secretary Town of Trophy Club, Texas [Seal] APPROVED AS TO FORM: H 111 c £La da.YLt4)/ Town Attorney Town of Trophy Club, Texas Resolution 2009-13 2