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HomeMy WebLinkAbout09/19/1977 City Council 00008 MINUTES OF REGULAR MEETING CITY OF THE COLONY DENTON COUNTY, TEXAS SEPTEMBER 19, 1977 STATE OF TEXAS ) ) COUNTY OF DENTON ) The City Council of the City of The Colony, Denton County, Texas convened in regular session, open to the public, at the First Baptist Church in the City of The Colony, Denton County, Texas at 7:30 P. M., Monday, September 19, 1977 and the roll was called of the members of the Council, to wit: Luis Guerrero Mayor Linda Adams Alderman Dave Dall Alderman Joe Gaulden Alderman Sandra Shearer Alderman All members were present and a quorum was established. Also present were Bill Davis and John Freeman, attorneys for the city, Janice Carroll, City Secretary, and members of the audience. The meeting was called to order by Mayor Guerrero. The Mayor explained the evenings format in that an executive session under closed door will be held. The first agenda item was the approval of the minutes submitted for the regular meeting of September 12, 1977. Alderman Dall moved to accept the minutes as written. Alderman Shearer seconded the motion. The motion was carried by the following vote: Ayes: All members present voted aye Noes: None 000083 The levying of a fifteen cent Ad Valorum tax was agenda item number two. Mayor Guerrero emphasized that this is not a tax increase. The homeowner's mortgage payment will remain the same. Of the eighty-five cents per one hundred dollar evaluation presently used, the Municipal Utility District will receive only seventy cents and the City will receive the additional fifteen cents. After reading the ordinance aloud, Mayor G uerrero stated that the tax rolls were approved on June 27, 1977 at the Board of Equalization. All regulations as stipulated by law have been met. Mayor Guerrero further stated that the present tax base is $44,700,000. He then asked for comments. Colonel Gray was recognized and asked if, in fact, our evaluation would remain the same. Mayor Guerrero and Alderman Gaulden assured him that the tax rate of eighty-five cents per one hundred dollar evaluation would remain the same. Mayor Guerrero explained that the mortgage company that services the homeowner's loan will_handle this - not the homeowner. Colonel Gray proceeded to ask another question pertaining to an exemption allowed for disabled veterans. He has filed this with the Municipal Utility District and should he refile with the City? Frank Graham answered that the tax role should reflect this filing. There being no further comments, Alderman Dall moved that the fifteen cents per one hundred dollar property tax be approved by the City. Alderman Adams seconded the motion. The motion was passed by the following vote: Ayes: All members present voted aye Noes: None Prior to recess, Mayor Guerrero asked for nominations for an appointed council member from the members of the audience; there were none. Before recess, Attorney Davis asked if he may explain briefly the taxing timetable. He stated that the 1977 taxes are based on an evaluation completed prior to January 1, 1977. The taxes are due on October 1, 1977 and past due on 000084 January 31, 1978. During the months of January through April of 1978 all property will be reassesed. This greatly effects the tax value o6 a new home. Frank Graham noted that Fox & Jacobs pays the largest port ion~ of the yearly taxes on a new home. There bei~ no further comments, Mayor Guerrero recessed the meeting to reconvene at City Hall in a closed door session. After the closed door session~,~ Mayor Guerrero reconvened the regular council meeting. No decisions had been made under the closed door session and their were no further comments from the Council or the members of the audience. Mayor Guerrero asked for a motion to adjourn. Alderman Adams moved that the meeting be adjourned. Alderman Dall seconded the motion. The motion was carried by the following vote: Ayes: All members present voted aye Noes: None Mayor ~Guerrero adjourned the meeting at 8:40 P.M. ice Carroll