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HomeMy WebLinkAboutResolution - 2016-R0281 - Adopt Proposed Property Tax Rate - 08/11/2016Resolution No.2016-R0281 Item No.5.10 August 11 .2016 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 $0.53802 per $100 valuation that will result in additional revenue,and sets the dates for public hearings on August 25, 2016 at 5:30 p.m. and on September 1.2016 at 1:30 p.m. in the City Council Chambers located at 1625 13th Street,Lubbock.Texas.A voteon the tax rate shall be placed i.pon a future City Council agenda. Passed by the City Council this 11th day of August ,2016. VOTING FOR PASSAGE:VOTING AGAINST PASSAGE: Mayor Daniel M. Pope Mayor Pro Tern Latrelle Joy Council Member Juan A.Chadis Council Member Shelia Patterson Harris Council Member Jeff Griffith Council Member Steve Massengale Council Member Karen Gibson Council members present but not voting:N/A Council members absent: N/A *T**T**T*"r v DANIEL M. POPE, MA OR Rebe t a Garza, City Secretary APPROVED AS TO CONTENT: Cheryl Arock, Executive Director of Budget APPROVED AS TO FORM: c Amy L. ssist Attorney ccdocs/Tax Rate Resolution 7-11-16