The URL can be used to link to this page

Home My WebLink AboutCC 2007-08-30 AgendasCITY OF NORTH RICHLAND HILLS SPECIAL CITY COUNCIL AGENDA CITY HALL COUNCIL CHAMBERS 7301 NORTHEAST LOOP 820 NORTH RICHLAND HILLS, TEXAS Thursday, August 30, 2007 6:00 P.M. - -- - -- - -- - -- - -- - -- - -- - -- - -- - -- - -- - - -- - -- - -- - -- - -- - -- - -- - -- - -- - -- - -- - -- - -- - -- - -- - -- - - -- - -- - -- - -- - -- - -- - -- - -- - -- - -- - -- - - -- - Copies of the full City Council agenda information packet are accessible prior to every regularly scheduled Monday Council meeting according to the following locations and schedule: ❑ Library on the Friday prior to the meeting (available electronically) ❑ City Hall on the day of the meeting (hard copy available) Additionally, the agenda packet is available for download from the City's web site at www.nrhtx.com after 5:00 p.m. on the Friday prior to every regularly scheduled Council meeting. A.0 Call to Order - Mayor Trevino A.1 Invocation - Councilman Sapp A.2 Pledge - Councilman Sapp B.0 PUBLIC HEARINGS B.1 GN 2007 -073 Conduct Public Hearing on Proposed Tax Rate C.0 Adjournment All items on the agenda are for discussion and/or action. ('nrfifirofinn I do hereby certify that the above notice of meeting of the North Richland Hills City Council was posted at City Hall, City of North Richland Hills, Texas in compliance with Chapter 551, Texas Government Code on August 24, 2007. City Secretary This facility is wheelchair accessible and accessible parking spaces are available. Requests for accommodations or interpretive services must be made 48 hours prior to this meeting. Please contact the City Secretary's office at 817427 -6060 for further information. The City Council may confer privately with its attorney to seek legal advice on any matter listed on the agenda or on any matter in which the duty of the attorney to the governmental body under the Texas Disciplinary Rules of Professional Conduct of the State Bar of Texas clearly conflicts with Chapter 551, Texas Government Code. City of North Richland Hills City Council Special Meeting Agenda North Richland Hills City Hall Council Chambers 7301 Northeast Loop 820 North Richland Hills, TX 76180 Thursday, August 30, 2007 6:00 P.M. A.0 Call to Order - Mayor Trevino A.1 Invocation - Councilman Sapp A.2 Pledge - Councilman Sapp B.0 PUBLIC HEARINGS B.1 GN 2007 -073 Conduct Public Hearing on Proposed Tax Rate C.0 Adjournment CITY OF NORTH RICHLAND HILLS Department: City Secretary Presented by: Subject: Call to Order - Mayor Trevino Council Meeting Date: 8 -30 -2007 Agenda No. A.0 ��7iVAII501A NORTH RICHLAND HILLS Department: City Secretary Council Meeting Date: 8 -30 -2007 Presented by: Councilman Ken Sapp Agenda No. A.1 Subject: Invocation - Councilman Sapp ��7iVA11501A NORTH RICHLAND HILLS Department: City Secretary Council Meeting Date: 8 -30 -2007 Presented by: Councilman Ken Sapp Agenda No. A.2 Subject: Pledge - Councilman Sapp CITY OF NORTH RICHLAND HILLS Department: City Secretary Presented by: Subject: PUBLIC HEARINGS Council Meeting Date: 8 -30 -2007 Agenda No. B.0 CITY OF NORTH RICHLAND HILLS Department: Budget Council Meeting Date: 8 -30 -2007 Presented by: Drew Corn Agenda No. B.1 Subject: CN 2007 -073 Conduct Public Hearing on Proposed Tax Rate Senate Bills 18 and 567 that were passed during the regular 79th Session of the Texas Legislature made several changes to the way the tax rate must be adopted. One of the changes is the requirement to hold two public hearings on the proposed property tax rate if the proposed rate exceeds the effective tax rate. Because the proposed rate of 57¢ is higher than the effective tax rate of 56.4932¢, we must hold two public hearings. This August 30 public hearing is the second of the two required hearings. The first required public hearing was held at the Council Meeting on Monday, August 27, 2007 at 7:00 pm. Senate Bills 18 and 567 also have very specific requirements on how to publish notice of the public hearings. Notice of the public hearings was duly posted in the Northeast Section of the Fort Worth Star - Telegram on August 20, 2007 per state law. Senate Bills 18 and 567 also require us to phrase the notice of public hearing on the tax rate as a "tax increase" because the proposed tax rate is above the effective tax rate. The effective tax rate is basically the property tax rate necessary to produce the same amount of property tax revenues as the prior year. The tax rate is scheduled to be adopted on September 10, 2007 during the regular 7:00 pm City Council meeting. The proposed tax rate for Fiscal Year 2007 -2008 is 57¢. If adopted, this will be the 15th consecutive year the City has maintained a 57¢ tax rate. Individual taxpayers' property taxes may decrease, increase or stay the same depending on the appraised value of their property. Senior and disabled property owners who have a tax ceiling (even if their property values have increased) will pay the same amount of property tax as the previous year. The City of North Richland Hills is proud of the progress we have made while demonstrating sound financial management of our Citizen's tax dollars. Recommendation: To open the public hearing, receive public comments on the proposed 57¢ tax rate, announce September 10, 2006 as the date of the tax rate adoption, and close public hearing. No action is required at this hearing as this is held solely for the purpose of receiving comments. As stated, action on the tax rate is proposed for the September 10 Council meeting. FISCAL YEAR 2007-2008 SCHEDULE 4 - SUMMARY OF PROPERTY'TAX REVENUE AND DISTRIBUTION NET TAXABLE VALUE: % of Total Total) Appraiised Value as of July 25, 2007 $3,927,589,785 Less Exemptions! Distribution Disabled Veteran (3,698„ 142) Over 65 (1110,988,739) Homestead (305,040 „6109) Disabled Persons (9,1630,125) Less, Personal Property INominal Value Loss (167,688) Abatement Value Loss 0 Agricultural Value Loss (8,408,895) Freeport Inventory Value Loss (383,911) Pol I ution Control/Piro rated Abso lute (171,1'93) Total Reduction to Values ($438,489,3102) Add, Estimated Minimum ARB protested values 57,756,924 Incomplete Property 28,449,888 NET TAXABLE VALUE $3,575,307,295 ESTIMATED PROPERTY TAX COLLECTIONS: Net Taxable VaIllue, $3,575,307,295 Proposed Tax Rate pe r $100 Va I uaflo n $0,57 Estimated Total Tax Levy at 100% Collection $210,379,252 Less Estimated I% for Jin col lecta bleS (203,793) Less TIF Transfer (9716,110) ILess Debt Service Transfer (6,1603,946) TOTAL ESTIMATED PROPERTY TAX COLLECTIONS(Operations) 99% $12,595„403 100% Projected DISTRIBUTION OF ESTIMATED TAX REVENUE: Collection Collection Transfer to Debt Service Fund 7,580,0156 7,5810,056 Generall Fund - Maintenance & Operations 12,799,196 12,595„4103 TOTAL ESTIMATED TAX REVENUE $20,379,252 $20,175,459 % of Total Tax Rate TAX RATE DISTRIBUTION SCHEDULE: Tax Rate Distribution General Fund - Maintenance & Operations 601% $01.3424016 Debt Service Fund 410% $0.227594 TOTAL DISTRIBUTION OF TAX RATE 1010% $0.57000 100% Projected DISTRIBUTION OF ESTIMATED TAX REVENUE: Collection Collection Transfer to Debt Service Fund 7,580,0156 7,5810,056 Generall Fund - Maintenance & Operations 12,799,196 12,595„4103 TOTAL ESTIMATED TAX REVENUE $20,379,252 $20,175,459 Department: City Secretary Presented by: Subject: Adjournment CITY OF NORTH RICHLAND HILLS Council Meeting Date: 8 -30 -2007 Agenda No. C.0