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HomeMy WebLinkAbout08-20-19 TC Agenda PacketThe Regular Meeting of the Town of Westlake Town Council will begin immediately following the conclusion of the Town Council Work Session but not prior to the posted start time. Mission Statement Westlake is a unique community blending preservation of our natural environment and viewscapes, while serving our residents and businesses with superior municipal and academic services that are accessible, efficient, cost-effective, and transparent. Westlake, Texas – “One-of-a-kind community; natural oasis – providing an exceptional level of service.” Page 1 of 2 Vision Statement An oasis of natural beauty that maintains our open spaces in balance with distinctive development, trails, and quality of life amenities amidst an ever expanding urban landscape. TOWN COUNCIL MEETING AGENDA August 20, 2019 1500 Solana Boulevard Building 7, Suite 7100 1st Floor, Council Chamber Westlake, TX 76262 Meeting: 6:00 p.m. Page 2 of 2 Regular Session 1. CALL TO ORDER 2. DISCUSSION AND CONSIDERATION TO ACT ON THE FISCAL YEAR 2019-2020 PROPOSED TAX RATE, TAKE A RECORD VOTE, SET PUBLIC HEARING AND ADOPTION DATES. 3. ADJOURNMENT ANY ITEM ON THIS POSTED AGENDA COULD BE DISCUSSED IN EXECUTIVE SESSION AS LONG AS IT IS WITHIN ONE OF THE PERMITTED CATEGORIES UNDER SECTIONS 551.071 THROUGH 551.076 AND SECTION 551.087 OF THE TEXAS GOVERNMENT CODE. CERTIFICATION I certify that the above notice was posted at the Town Hall of the Town of Westlake, 1500 Solana Blvd., Building 7, Suite 7100, Westlake, TX 76262, August 15, 2019, by 5:00 p.m. under the Open Meetings Act, Chapter 551 of the Texas Government Code. _____________________________________ Kelly Edwards, Town Secretary If you plan to attend this public meeting and have a disability that requires special needs, please advise the Town Secretary 48 hours in advance at 817-490-5710 and reasonable accommodations will be made to assist you. Page 1 of 2 Westlake Town Council TYPE OF ACTION Regular Meeting - Action Item Westlake Town Council Meeting Tuesday, August 20, 2019 TOPIC: Discussion and Consideration to Act on Fiscal Year 2019-2020 Proposed Tax Rate, Take a Record Vote, Set Public Hearing and Adoption Dates. STAFF CONTACT: Amanda DeGan, Town Manager Debbie Piper, Finance Director Strategic Alignment Vision, Value, Mission Perspective Strategic Theme & Results Outcome Objective Mission: Westlake is a unique community blending preservation of our natural environment and viewscapes, while serving our residents and businesess with superior municipal and academic services that are accessible, efficient, cost- effective, & transparent. Fiscal Stewardship Exemplary Service & Governance - We set the standard by delivering unparalleled municipal and educational services at the lowest cost. Increase Financial Capacity / Reserves Strategic Initiative Outside the Scope of Identified Strategic Initiatives Time Line - Start Date: August 20, 2019 Completion Date: August 20, 2019 Funding Amount: 0.00 Status - Not Funded Source - N/A EXECUTIVE SUMMARY (INCLUDING APPLICABLE ORGANIZATIONAL HISTORY) The July certified tax roll has been received and the rates have been calculated based on the “Truth in Taxation” criteria. The effective tax rate is $0.14483 per $100 valuation and the rollback tax rate is $0.16018 per $100 valuation. Page 2 of 2 When a proposed rate exceeds the rollback or the effective rate, whichever is lower, the Council shall place a proposal to adopt the rate on the agenda of a future meeting as an action item and hold two public hearings. The proposal shall specify the desired rate. A taxing unit cannot vote to adopt a proposal to increase taxes by an unspecified amount. Upon completion of this discussion, if the Council determines the proposed tax rate should be set above the effective tax rate there are several requirements from the Local Government Code 102 and the Tax Code (listed below) that must occur. (a) State law requires an entity that will propose a tax rate that exceeds the lower of the rollback or effective tax rate must vote to place a proposal to adopt the rate on the agenda of a future meeting as an action item. This must be a record vote. This proposal must specify the desired rate. (b) If the motion passes, Council must also determine and set the dates for two public hearings to allow for public input regarding the proposed ad valorem rate. The second hearing may not be held earlier than the third day after the date of the first hearing. (c) The governing body of a municipality shall also hold a public hearing on the proposed budget separate from the two public hearings mentioned above, prior to adopting the proposed tax rate. Any person may attend and may participate in any of the hearings. (d) The governing body shall set the final hearing for a date occurring after the 15th day after the date the proposed budget is filed with the Town Secretary but before the date the governing body makes its tax levy. (e) The governing body shall provide for public notice of the date, time and location of the hearing. This notice must include, in type of a size at least equal to the type used for other items in the notice, and statement required to be included in the proposed budget under Local Government Code Section 102.005(b). RECOMMENDATION Review and discussion of the proposed budget and ad valorem rate. ATTACHMENTS N/A Town Council Item # 3 – Adjournment Regular Session