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HomeMy WebLinkAboutCC 2006-08-24 Minutes MINUTES OF SPECIAL MEETING OF THE CITY COUNCIL OF THE CITY OF NORTH RICHLAND HILLS, TEXAS, HELD IN THE CITY HALL, 7301 NORTHEAST LOOP 820 - AUGUST 24, 2006 A.O CALL TO ORDER Mayor Trevino called the Special meeting to order August 24, 2006 at 7:01 p.m. ROLL CALL Present: Oscar Trevino John Lewis Ken Sapp Suzy Compton Tim Barth David Whitson Scott Turnage Tim Welch Mayor Mayor Pro Tem I Council Place 1 Council, Place 2 Council, Place 3 Council, Place 4 Council, Place 5 Council, Place 6 Council, Place 7 Staff: Larry J. Cunningham Ogden Bo Bass Richard Torres Patricia Hutson George Staples City Manager Assistant City Manager Assistant City Manager City Secretary Attorney A.1 INVOCATION Councilman Turnage gave the invocation. A.2 PLEDGE OF ALLEGIANCE Councilman Turnage led the pledge of allegiance. PUBLIC HEARINGS B.1 GN 2006-073 CONDUCT PUBLIC HEARING ON PROPOSED TAX RATE Mayor Trevino opened the Public Hearing on the proposed tax rate for Fiscal Year 2006-2007. City Council Minutes August 24, 2006 Page 2 Mr. Drew Corn, Budget Director, presented a PowerPoint presentation, giving an overview of the proposed tax rate. Mr. Corn discussed the history of the net taxable values, 2006 appraised values, and changes in property value. The proposed tax rate for Fiscal Year 2006-2007 is 57 cents. The 57 cents tax rate has been maintained for 14 consecutive years. Mr. Corn advised the effective tax rate of 56.7969 cents is the property tax rate necessary to produce the same amount of property tax revenues as the prior year. Because the proposed rate is higher than the effective tax rate, two public hearings are required. Mayor Trevino asked for public comments on the proposed 57¢ tax rate. There being no one wishing to speak, Mayor Trevino closed the public hearing. Mayor Trevino announced the second public hearing will be held on August 28, 2006 and the tax rate will be adopted on September 11, 2006. B.2 ADJOURNMENT Mayor Trevino adjourned the meeting at 7:11 p. . ATTEST: