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Res 123-2008 8/19/2008 RESOLUTION NO. 123-2008 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 16, 2008 to consider adopting a property tax rate of $0.61 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 2, 2008 and September 9, 2008 at 8:30 a.m. in the City Council Chambers. 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 20 day of August 2008. � MAYOR ATTEST: . City Clerk