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HomeMy WebLinkAboutResolution - 2018-R0257 - Property Tax Rate - 08/09/2018Resolution No. 2018-RO257 Item No. 7. 10 August 9, 2018 RESOLUTION WHEREAS, the City Council of the City of Lubbock desires to place a proposal to adopt a property tax rate that will result in additional revenue as outlined in Section 26.05(d) of the Tax Code of the State of Texas on the agenda of a future meeting as an action item and schedule public hearings; NOW THEREFORE: BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LUBBOCK: THAT the City Council of the City of Lubbock hereby adopts a proposed property tax rate of $0.54802 per $100 valuation that will result in additional revenue, and sets the dates for public hearings on August 23, 2018 at 5:15 p.m. and on August 30, 2018 at 8:00 a.m. in the City Council Chambers located at 1625 13'h Street, Lubbock, Texas. A vote on the tax rate shall be placed upon a future City Council agenda. Passed by the City Council this 9th VOTING FOR PASSAGE: Mayor Daniel M. Pope Mayor Pro Tern Jeff Griffith Council Member Juan A. Chadis Council Member Shelia Patterson Harris Council Member Steve Massengale Council Member Randy Christian Council Member Latrelle Joy Council members present but not voting: Council members absent: N/A day of August _, 2018. VOTING AGAINST PASSAGE: DANIEL M. POPE, MAYOR ATTEST: Rebec a Garza, City Secret) ecr [ary APPROVED AS TO CONTENT: D. ) Koste j h, Chief Finan al Officer APPROVED AS TO FORM: codas . Rat. R.W.1 . 2018-19 (002) July 27, 2018