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HomeMy WebLinkAboutResolution - 2011-R0355 - Adopt Proposed Propert Tax Rate, Set Public Hearing Dates - 08/11/2011Resolution No. 2011- RO355 August 11, 2011 Item No, 6.4 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: E IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LUBBOCK: THAT the City Council of the City of Lubbock hereby adopts a proposed roperty tax rate of $0.47400 per $100 valuation that will result in additional revenue, rid sets the dates for public hearings on August 25, 2011 at 7:30 a.m. and on August 29, DI at 6:00 p.m. in the City Council Chambers located at 1625 131' Street, Lubbock, exas. A vote on the tax rate shall be placed upon a future City Council agenda. Passed by the City Council this August 11 , 2011. TOM MARTIN, MAYOR ATTEST: Hca Garza, City Secretary APPROVED AS TO CONTENT: Andy Burkham, Chief Financial Officer APPROVED AS TO FORM: ant City Attorney -operty Tax Rate Resolution 29, 2011