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R429RESOLUTION NO. 429 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF KENNEDALE, TEXAS APPROVING THE PLACEMENT OF A PROPOSAL ON THE SEPTEMBER 25, 2014, CITY COUNCIL PUBLIC MEETING AGENDA TO ADOPT A 2014 TAX RATE THAT WILL EXCEED THE LOWER OF THE ROLLBACK RATE OR THE EFFECTIVE TAX RATE; CALLING PUBLIC HEARINGS ON A TAX INCREASE TO BE HELD ON SEPTEMBER 11, 2014 AND SEPTEMBER 18, 2014. WHEREAS, the City Council desires to consider adoption of a tax rate of $0.747500 per $100 valuation, which will exceed the lower of the rollback rate or the effective tax rate, in accordance with the requirements of the Texas Tax Code Chapter 26 and to schedule public hearings on the proposed tax increase as required by law; NOW THEREFORE, BE IT HEREBY RESOLVED BY THE CITY COUNCIL OF THE CITY OF KENNEDALE, TEXAS: Section 1. The City Council desires to consider adoption a tax rate for the 2014 tax year of $0.747500 per $100 valuation that will exceed the lower of the rollback rate or the effective tax rate. Section 2. The City Council hereby approves the placement of an item on the September 25, 2014 City Council public meeting agenda, such meeting being a special called Council meeting, to vote on a proposed tax rate of $0.74750 per $100 valuation that will exceed the lower of the rollback rate or the effective tax rate. Section 3. The City Council hereby calls public hearings on the proposed tax increase to be held in the City Hall Council Chambers located at 405 Municipal Drive, Kennedale, Texas 76060 on September 11, 2014 at 7:00 p.m. and September 18, 2014 at 5:30 p.m., such dates being weekdays which are not public holidays. The first public hearing will not be held until at least seven (7) days after notice of both public hearings have been published in the Fort Worth Star Telegram, a newspaper having general circulation within the City. The City Secretary is hereby directed to publish such notice in accordance with this Resolution and Texas Tax Code §26.06. At both public hearings, the City Council will afford adequate opportunity for both proponents and opponents of the tax increase to present their views. Section 4. This Resolution shall become effective immediately upon its passage and approval at a special called meeting of the City Council of the City of Kennedale, Texas on this the 15 day of August 2014, at which meeting a quorum was present and the meeting was held in accordance with the provisions of Texas Government Code §551.001, et seq. The City Secretary is hereby directed to record this Resolution and the vote on the proposal to place the item for a tax increase on the September 25, 2014 City Council agenda. DULY PASSED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF KENNEDALE ON THE 15TH DAY OF AUGUST, 2014. CITY OF KENNEDALE, TEXAS ATTEST: Amethyst C—irft4, City Secretary Si ooa Brian Jo son, Mayor ENNED � Cn d i • K • ........••'' *- j j��9gN OFFICIAL SEAL