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Res 091-2002 8/28/2002RESOLUTION NO. q I - —J-, 00 RESOLUTION EXPRESSING THE CITY COUNCIL'S INTENT TO PLACE A PROPOSAL ON A FUTURE COUNCIL AGENDA APPROVING A PROPERTY TAX RATE THAT EXCEEDS 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 exceeds the effective tax rate by at least 3 percent. 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 17, 2002 to consider adopting a property tax rate of 10 _ 62206 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 10, 2002. 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 the2th day of August 2002. ATTEST: