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Res 116-2009 8/18/2009 RESOLUTION NO. 116-2009 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 Two Public Hearings, And Establishing The Date To Vote On Same 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 additional revenue than in the prior year. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF WICHITA FALLS, TEXAS, THAT: 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 15, 2009 to consider adopting a property tax rate of $0.60526 per $100 of assessed property value. 2. The City Council furthermore expresses its intent to conduct a public hearing to discuss the property tax rate on September 1, 2009 and September 8, 2009 at 8:30 a.m. in the City Council Chambers. PASSED AND APPROVED this the 18 day of August 2009. 7 •c C� MAYOR ATTEST: �. City Clerk