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Min 02/12/1980 416 Wichita Falls, Texas Memorial Auditorium Building February 12, 1980 Items 1 & 2 The Board of Aldermen of the City of Wichita Falls, Texas, met in called session on the above date in the Council Room of the Memorial Auditorium Building at 8:30 o'clock A.M. , with the following members present. Kenneth Hill Mayor Marvin Traywick I Carol Russell Aldermen Curtis Smith Raymond Adcock Gerald Fox City Manager H. P. Hodge, Jr. City Attorney Gerald Carlson Chief Accounting Officer Wilma J. Thomas City Clerk John Hampton, Jr. Absent Jim Thomas Absent The invocation was given by Alderman Smith. Item 3 Moved by Alderman Adcock that minutes of the meeting held February 5, 1980, be approved. Motion seconded by Alderman Russell , and carried unanimously. �i ' Item 4a j A proposed ordinance was presented extending the state of emergency. ORDINANCE NO. 3611 ORDINANCE EXTENDING STATE OF DISASTER EMERGENCY FOR SEVEN DAYS. Moved by Alderman Traywick that Ordinance No. 3611 be passed. Motion seconded by Alderman Adcock, and carried by the following vote. Ayes : Mayor Hill , Aldermen Traywick, Russell , Smith, and Adcock Nays : None ► Item 5a A proposed resolution was presented assessing property at 100 percent of f market value in 1980. I' The City Manager explained that in 1979 the legislature mandated that this j change be made beginning in 1981 . The Tax Department believes that for better coordination and ease of assessing and appraising, it would be in the best interest of the city to move into 100 percent valuation this year instead of next year. The tax rate will be adjusted downward, and the market value will be the taxable value. Homestead exemptions for senior citizens will be increased to $10,000. This item will be on the agenda at the next council meeting. Tom Barfield, 1812 Rose Street, appeared as President of the Association of Retired Persons in Wichita Falls. He requested the $10,000 exemption for retired persons because their income is fixed. i III 417 Item 5a, cont'd. %RESOLUTION NO. 2457 RESOLUTION INCREASING THE RATIO OF ASSESSED VALUES TO ACTUAL VALUES FOR AD VALOREM TAX PURPOSES. BE IT RESOLVED BY THE BOARD OF ALDERMEN OF THE CITY OF WICHITA FALLS, TEXAS, THAT: Effective January 1 , 1980, the Assessor and Collector of taxes for the City of Wichita Falls shall assess all real and personal property for taxation at 100 percent of the actual cash market value of such property. It is not the intention of this Council to increase individual ad valorem taxes , directly or indirectly, by this change in the percentage of assessed values to actual values . Moved by Alderman Traywick that Resolution No. 2457 be passed. Motion seconded by Alderman Smith, and carried by the following vote. Ayes : Mayor Hill , Aldermen Traywick, Russell , Smith, and Adcock Nays: None Alderman Smith noted that this will not be an increase in taxes. It is a bookkeeping procedure. The tax rate will be lowered to compensate for the increase in valuation. The Board of Aldermen adjourned at 8:45 A.M. PASSED AND APPROVED this day of „�� �,� 1980. MAYOR - ATTEST: CITY CLERK