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Res 113-2005 8/23/2005RESOLUTION NO. `� 1J 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; 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 additional revenue than in the prior 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 20, 2005 to consider adopting a property tax rate of .59246 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 6, 2005 and September 9, 2005. 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 23rd day of August 2005. w - �► ATTEST: City Clerk