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DRAFT F:LISA\Resolutions\C U RRRENT~Tax Rate Hem'ing Re~ - 2003 August 11, 2003 RESOLUTION NO. A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PARIS, PARIS, TEXAS, SETTING A PUBLIC HEARING ON THE PROPOSED TAX INCREASE REQUIRED TO FUND AND BALANCE THE CITY MANAGER'S PROPOSED BUDGET FOR FISCAL YEAR 2003-2004; MAKING OTHER FINDINGS AND PROVISIONS RELATED TO THE SUBJECT; AND PROVIDING AN EFFECTIVE DATE. WHEREAS, the City Manager of thc City of Paris presented to the City Council at Regular session convened on the 7th day of August, 2003, thc City Manager's proposed budget which would require a tax rate of __ to fund a balanced budget as required by Section 59 of the Charter of the City of Paris; and, WHEREAS, in accordance with Section 26.05(c) of the Property Tax Code of the State of Texas, a public hearing must be held at which the City Council must afford adequate opportunity for proponents and opponents of the tax increase to present their views; and, WHEREAS, an appropriate time and place for said public hearing is found to be the 8th day of September, 2003, at 6:00 p.m., in the Paris Junior Co!lege Applied Technology Building, Room 1206, 2400 Clarksville Street, Paris, Texas; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PARIS, PARIS, TEXAS: Section 1. That the findings set out in the preamble to this resolution are hereby in all things approved. Section 2. That a public hearing be, and the same is hereby, called for the 8th day of September, 2003, at 6:00 p.m., in the Paris Junior College Applied Technology Building, Room 1206, 2400 Clarksville Street, Paris, Texas, for the purpose of hearing the views of proponents and opponents of the tax increase required to fund and balance thc City Manager's proposed budget for fiscal year 2003-2004. Section 3. That the City Clerk of the City of Paris publish notice of said public hearing in the Paris News on the 31st day of August, 2003, setting forth the time and place of said public hearing, which public hearing date is no sooner than the seventh (7th) day after said publication date in accordance with Vernon's Texas Codes Annotated, Tax Code, Section 26.06(a). Section 4. That this resolution shall be effective from and after its date of passage.