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Res 10-28 Ratifying the Municipal Ad Valorem Tax Increase TOWN OF WESTLAKE RESOLUTION NO. 10-25 A RESOLUTION OF THE TOWN OF WESTLAKE RATIFYING THE MUNICIPAL AD VALOREM (PROPERTY) TAX INCREASE AS REFLECTED IN THE FY 2010-2011 TOWN OF WESTLAKE BUDGET WHEREAS, the Town of Westlake has not previously had a rnunicipal property tax; and WHEREAS, the Town of Westlake is adopting a property tax for the tax year 2010 (fiscal year 2010//2011 budget); and WHEREAS, Westlake has adopted an annual budget that requires raising more revenue from property taxes than in the previous year, when no revenue was raised from property taxes; and WHEREAS, any municipal taxes would be more than zero, thus more revenue will be raised from municipal property taxes this year than last year, thus, pursuant to the terms of Texas Local Government Code section 102.007(c), a separate vote in addition to the vote to adopt the budget is required; NOW THEREFORE, BE IT RESOLVED BY THE TOWN COUNCIL OF THE TOWN OF WESTLAKE, TEXAS: SECTION 1: That the Town Council of the Town of Westlake, Texas hereby ratifies the property tax rate reflected in the tax levy ordinance and referenced in the budget. SECTION 2: That any prior Resolutions inconsistent with the Resolution are hereby repealed. SSED AND APPROVED ON THIS 30"DAY OF SEPTEMBER 2010,AT A _ F TING DULY CALLED ON THE 291H DAY OF SEPTEMBER 2010. ~p m ATT)E r , Laura L. Wheat, Mayor 7'EA AS ° a KeIlyEdwai s, Town Secretary Thomas ymer, own Manager APPR O ORM: tanto L r own Attorney Resolution 10-28 Page 1 of 1