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Res 20-24 Adopting a Maximum Tax Rate, Taking a Record Vote, Establishing Effective Date and Public Hearing Date, Adopting the FY 20-21 Budget and Tax RateTOWN OF WESTLAKE RESOLUTION NO. 20-24 A RESOLUTION OF THE TOWN COUNCIL OF THE TOWN OF WESTLAKE, TEXAS, ADOPTING A MAXIMUM PROPOSED AD VALOREM TAX RATE; TAKE A RECORD VOTE; PROVIDING AN EFFECTIVE DATE; AND SETTING THE DATE FOR THE PUBLIC HEARING AND ADOPTION OF THE OPERATING BUDGET AND TAX RATE FOR FISCAL YEAR 2020-2021. WHEREAS, the Council has approved the Certified Tax Roll and Certified Estimated Roll provided by the Tarrant and Denton County Appraisal Districts; and WHEREAS, the Town's appointed employee has calculated the 2020 No -New -Revenue Tax Rate and the 2020 Voter -Approval Tax Rate in accordance with Senate Bill 2 provisions using certified values; and WHEREAS, the Town's 2020 maximum proposed ad valorem tax rate for FY 2020-2021 is $0.18969 per $100 valuation; and WHEREAS, the public hearing dates is set for September 14, 2020 at 5:00 p.m., and WHEREAS, the Town may not adopt a rate that exceeds the maximum proposed rate without a new resolution; and WHEREAS, all legal prerequisites for the adoption of this resolution have been met, including but not limited to the Local Government Code, the Open Meetings Act, and the Texas Tax Code; and WHEREAS, the Town Council finds that the passage of this Resolution is in the best interest of the citizens of Westlake. NOW THEREFORE, BE IT RESOLVED BY THE TOWN COUNCIL OF THE TOWN OF WESTLAKE, TEXAS: SECTION 1: That, all matters stated in the Recitals hereinabove are found to be true and correct and are incorporated herein by reference as if copied in their entirety. SECTION 2: That the 2020 maximum proposed tax rate of $0.18969 per $100 valuation is hereby approved. SECTION 3: That, if any portion of this Resolution shall, for any reason, be declared valid by any court of competent jurisdiction, such invalidity shall not affect the remaining provisions hereof and the Council hereby determines that it would have adopted this Resolution without the invalid provision. Resolution 20-24 Page 1 of 2 SECTION 4: That this resolution shall become effective from and after its date of passage. PASSED AND APPROVED ON THIS 24th DAY OF AUGUST 2020. ATTEST: /W Tod Wood, Town ecretary APPROVED AS TO FORM: 6SIdn t o I w Town Attorney X �e e, Laura L. Wheat, Mayor do" to Amanda DeGan, Town Manager pF W Egr� e Resolution 20-2=4 Page 2 of 2