HomeMy WebLinkAboutResolution No. 312CITY OF MEDINA
RESOLUTION NO. 312
SETTING THE 2006 REGULAR PROPERTY TAX LEVY
WHEREAS, the City Council of the City of Medina has met and considered its budget
for the calendar year 2006; and
WHEREAS, the City Council of the City of Medina after hearing and after duly
considering all relevant evidence and testimony presented, determined that the City of
Medina requires a regular levy in the amount of $2,147,610, which includes an increase
in property tax revenue from the previous year, and amounts resulting from the addition
of new construction and improvements to property and any increase in the value of state -
assessed property, and amounts authorized by law as a result of any annexations that have
occurred and refunds made, in order to discharge the expected expenses and obligations
of the district and in its best interest; now, therefore,
BE IT RESOLVED, by the City Council of the City of Medina that an increase in the
regular property tax levy is hereby authorized for the 2006 levy in the amount of $16,968,
which is a percentage of increase of .81% from the previous year.
This increase is exclusive of additional revenue resulting from the addition of new
construction and improvements to property and any increase in the value of state assessed
property, and any additional amounts resulting from any annexations that have occurred
and refunds made.
PASSED BY THE CITY COUNCIL THIS 12 DAY OF DECEMBER, 2005, AND
SIGNED IN AUTHENTICATION OF ITS PASSAGE ON THE /aZ.!�7 DAY OF
2005.
Mary Odjr}hiat, Mayor
Approved as to form:
Wayne Tan ka, City Attorney
Attest:
Ran y 2Ree , M , City Clerk
Res 312