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Ordinance No. 14,155ORDINANCE NO. 141155 AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF BAYTOWN, TEXAS, PROPOSING TO INCREASE TOTAL TAX REVENUES FROM PROPERTY ON THE TAX ROLL IN THE PRECEDING TAX YEAR BY 5.34 PERCENT (5.34%); SETTING DATES, TIMES AND PLACES FOR TWO PUBLIC HEARINGS ON THE PROPOSED TAX INCREASE; SETTING THE MEETING AT WHICH THE CITY COUNCIL WILL VOTE ON THE PROPOSED TAX RATE; AND PROVIDING FOR THE EFFECTIVE DATE THEREOF. WHEREAS, Section 26.05 of the Texas Tax Code requires the City Council to consider and vote on the proposed tax increase when the proposed rate exceeds the lower of the roll back rate or the effective tax rate; and WHEREAS, the effective tax rate has been calculated to be $0.76139 per $100.00 valuation and the proposed tax rate is $0.80203 per $100.00 valuation; and WHEREAS, due to the increased certified and uncertified appraised values of property within the City and the increased tax rate necessary for debt service on the General Obligation Bonds, the proposed tax rate exceeds the effective tax rate by 5.34 percent (5.34%); and WHEREAS, the City Council of the City of Baytown, Texas, may not adopt the proposed tax rate that exceeds the effective tax rate until the City Council holds two public hearings on the proposed tax rate and complies with the applicable provisions in Chapter 26 of the Texas Tax Code and Section 140.010 of the Texas Local Government Code; NOW THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF BAYTOWN, TEXAS: Section 1: That all matters and facts set forth in the recitals hereinabove are found to be true by the City Council of the City of Baytown, Texas. Section 2: That the City Council of the City of Baytown, Texas, hereby proposes to set the tax rate at $0.80203 per $100.00 valuation and to increase total tax revenues from property on the tax roll in the preceding tax year by 5.34 percent (5.34%). Section 3: On the 12t" day of September, 2019, at 6:45 p.m., in the City Hall Council Chamber of the City of Baytown, 2401 Market Street, Baytown, Texas, the City Council will hold its first public hearing on the proposed tax increase to afford adequate opportunity for proponents and opponents of the tax increase to present their views. Section 4: On the 26"' day of September, 2019, at 6:45 p.m., in the City Hall Council Chamber of the City of Baytown, 2401 Market Street, Baytown, Texas, the City Council will hold its second public hearing on the proposed tax increase to afford adequate opportunity for proponents and opponents of the tax increase to present their views. Section 5: The City Clerk of the City of Baytown is hereby authorized and directed to cause proper notice: a. be published in a newspaper of general circulation in the City in accordance with Section 140.010 of the Texas Local Government Code; b. be posted on the City's website in accordance with Section 140.010 of the Texas Local Government Code; and C. be broadcast on its municipal cable channel in accordance with Section 26.065 of the Texas Tax Code. Section 6: At its meeting to be held at 4:00 p.m. on the 3rd day of October, 2019, in the Council Chamber of the City Hall of the City of Baytown, located at 2401 Market Street, Baytown, Texas, the City Council will vote on the proposed tax rate. Section 8: This ordinance shall take effect immediately from and after its passage by the City Council of the City of Baytown. INTRODUCED, READ and PASSED by the affirmative vote of the City Council of the City of Baytown this the 4rh day of September, 2019. BRANDON CAPTILLO, Mayor A ST"BRYSCH, ETICrk APPROVED AS TO FORM: C'MNACIO RAMIREZ, SR., C ty Attorney 'tfjy�4 t F8040660 TEXT .. \\COBFS01\Legal\Karen\Files\City Council\Ordinances\2019\September 5TroposedTaxRateOrdinance.doc 2