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Res 105-99 9/2/1999RESOLUTION NO. RESOLUTION EXPRESSING THE INTENT TO PLACE A PROPOSAL TO ADOPT A PROPERTY TAX RATE EXCEEDING THE NOTICE AND PUBLIC HEARING LIMIT; SCHEDULING A PUBLIC HEARING, AND ESTABLISHING THE DATE TO VOTE ON SAME; DETERMINING THAT THE MEETING AT WHICH THIS RESOLUTION WAS PASSED WAS OPEN TO THE PUBLIC AS REQUIRED BY LAW. WHEREAS, State law prescribes specific procedures that local governments must follow when setting property tax rates for the ensuing year; and WHEREAS, the City Council is considering adopting a tax rate that generates more tax revenue than the previous tax year. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF WICHITA FALLS, TEXAS, THAT: SECTION 1. The City Council of the City of Wichita Falls hereby expresses its intent to place an item on the City Council agenda of September 21, 1999 adopting a property tax rate of $0.551940 per $100 of assessed property value. SECTION 2. The City Council furthermore expresses its intent to conduct a public hearing to discuss the property tax rate on September 14, 1999. SECTION 3. It is hereby officially found and determined that the meeting at which this resolution was passed was open to the public as required by law. PASSED AND APPROVED this the 2nd day of September 1999. AYOR ATTEST: () h� Uu�) j City Clerk