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R537RESOLUTION NO. 537 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF KENNEDALE, TEXAS APPROVING THE PLACEMENT OF A PROPOSAL ON THE SEPTEMBER 17, 2018, CITY COUNCIL PUBLIC MEETING AGENDA TO ADOPT A 2018 TAX RATE THAT MAY EXCEED THE LOWER OF THE ROLLBACK RATE OR THE EFFECTIVE TAX RATE; CALLING PUBLIC HEARINGS ON A TAX INCREASE TO BE HELD ON SEPTEMBER 6, 2018, AND SEPTEMBER 14, 2018. WHEREAS, the City Council desires to consider adoption of a tax rate not to exceed $. 7675 per $100 valuation, which will exceed the lower of the rollback rate or the effective tax rate, and to schedule public hearings on the proposed tax increase as required by Texas Tax Code Chapter 26. 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 not to exceed $. 7675 per $100 valuation that will exceed the lower of the rollback rate or the effective tax rate for the 2018 tax year. Section 2. The City Council hereby approves the placement of an item on the September 17, 2018 City Council public meeting agenda, such meeting being a regular called Council meeting, to vote on a proposed tax rate not to exceed a rate of $. 7675per $100 valuation. 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 Thursday, September 6, 2018, at 5:30 p.m. and Friday, September 14, 2018, at 2:00 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 the special called meeting of the City Council of the City of Kennedale, Texas, on August 9, 2018, 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 17, 2018 City Council agenda. C:\ Users \bolsen\AppData\L.ocal\Microsoft\Windows \Temporary Internet Files \Content.Outlook\EOA22C7B \Tax Rate.2018- atternate.docx Page 1 DULY PASSED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF KENNEDALE ON THE 9t" DAY OF AUGUST, 2018. ATTEST: Leslie Galloway, City Secretor, andra Lee, Mayor Pro T-m APPROVED AS TO FORM: Wayne K. Olson, City Attorney C:\ Users \bolsen\AppData\Local \Microsoft\Windows \Temporary Internet Files \Content.Outlook\EOA22C7B \Tax Rate.2018- alternate.docx Page 2