HomeMy WebLinkAboutResolution No. 15-003 Adopting a maximum proposed property tax rateRESOLUTION NO. 15/003 -------------------
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF UNIVERSITY
PARK, TEXAS, ADOPTING A MAXIMUM PROPOSED AD VALOREM TAX
RATE; PROVIDING AN EFFECTIVE DATE; AND SETTING THE DATE FOR
ADOPTION OF THE FINAL TAX RATE FOR FISCAL YEAR 2016.
WHEREAS, the City Council wishes to provide notice and opportunity to the
citizens of University Park to participate in the tax rate setting process;
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
UNIVERSITY PARK, TEXAS:
The maximum proposed ad valorem tax rate that the Council will consider for
Fiscal Year 20 16 is 26.979 cents per $100 taxable value; and
The Council will adopt the final Fiscal Year 2016 ad valorem tax rate at 5:00 p.m.
on September 15 , 2015 at University Park City Hall, 3800 University Blvd., University
Park, Texas.
DULY PASSED by the City Council of the City of University Park,
Texas, on the 4th day of August, 2015.
APPoz~ £
OLIN LANE, MAYOR 9t
ATTEST:
CITY ATTORNEY CITY SECRETARY