RES 2010-18TOWN OF TROPHY CLUB, TEXAS
RESOLUTION NO. 2010-18
A RESOLUTION OF THE TOWN COUNCIL OF THE TOWN OF
TROPHY CLUB, TEXAS APPROVING THE PLACEMENT OF A
PROPOSAL ON THE SEPTEMBER 27, 2010, TOWN COUNCIL
PUBLIC MEETING AGENDA TO ADOPT A 2010 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 SEPTEMBER 13, 2010
AND SEPTEMBER 20, 2010; 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
$0.535 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 2010 tax year of $0.535 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 27, 2010 Town Council public meeting agenda, such
meeting being a regular Council meeting, to vote on a proposed tax rate of
$0.535 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 September 13, 2010 and
September 20, 2010 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 Times Register, 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 as Exhibit "An for all purposes and meeting the size requirements
specified in Texas Tax Code §26.06. The Acting Town Manager is hereby
directed to publish such notice in accordance with this Resolution and in
Resolution 2010-18
(File ID 2010-428)
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 16th day of August, 2010, at which meeting a
quorum was present and the meeting was held in accordance with the provisions
of Texas Government Code §551.001, ef 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 27,2010 Town Council agenda.
PASSED AND APPROVED by the Town Council of the Town of Trophy
Club, Texas, this 16 th day of August, 2010.
ATTEST:
~1 ,J r/~~/")(/") ? 1/7 L
Town Secretary
Town of Trophy Club, Texas
[Seal]
APPROVED AS TO FORM:
'VCLkM.l JdJitJ Of; j;f;L.,))
Town Attorney
Town of Trophy Club, Texas
Resolution 2010-18
(File 10 2010-428)
C'onnie White, Mayor
Town of Trophy Club, Texas
2
Resolution 2010-18
(File ID 2010-428)
3
EXHIBIT A
Notice of Public Hearing on Tax Increase
The Town of Trophy Club, Texas will hold two public hearings on a proposal to increase
total tax revenues from properties on the tax roll in the preceding tax year by 2.35 percent
(percentage by which proposed tax rate exceeds lower of rollback tax rate or effective tax
calculated under Chapter 26, Tax Code). Your individual taxes may increase at a greater
or lesser rate, or even decrease, depending on the change in the taxable value of your
property in relation to the change in taxable value of all other property and the tax rate
that is adopted.
The first public hearing will be held on September 13, 2010 at 7:00 p.m. at Svore
Municipal Building, 100 Municipal Drive, Trophy Club, Texas.
The second public hearing will be held on September 20, 2010 at 7:00 p.m. at Svore
Municipal Building, 100 Municipal Drive, Trophy Club, Texas.
The members of the governing body voted on the proposal to consider the tax increase
as follows:
FOR: Mayor Connie White, Mayor Pro Tem Bill Rose, Council member Larry
Hoover
AGAINST: Council members Glenn Strothers and J.D. Stotts
PRESENT and not voting: None
ABSENT: None
The average taxable value of a residence homestead in Trophy Club, Texas last year was
$262,591. Based on last year’s tax rate of $0.47 per $100 of taxable value, the amount of
taxes imposed last year on the average home was $1,234.
The average taxable value of a residence homestead in Trophy Club, Texas this year is
$267,215. If the governing body adopts the effective tax rate for this year of $.488814
per $100 of taxable value, the amount of taxes imposed this year on the average home
would be $1,306.
If the governing body adopts the proposed tax rate of $0.535 per $100 of taxable value,
the amount of taxes imposed this year on the average home would be $1,430.
Members of the public are encouraged to attend the hearings and express their views.