From
Brady Olsen, Treasury and Debt Manager
Title
Resolution of the City Council of the City of Grand Prairie, Texas, Repealing Sections 1 and 2 of Resolution 5093-2020
Presenter
Becky Brooks, CFO
Recommended Action
Approve
Analysis
In July, Council passed a resolution upon recommendation from staff to calculate our tax rate using the disaster provision of the tax code. With values coming in much lower than anticipated and an overall desire to keep the total tax rate flat, this designation is no longer necessary. Resolution 5093-2020 is attached for your reference.
Financial Consideration
This resolution could benefit the city in future fiscal years.
Body
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF GRAND PRAIRIE, TEXAS, REPEALING SECTIONS 1 AND 2 OF RESOLUTION 5093-2020
WHEREAS, Resolution 5093-2020 was passed with the intent to give the City Council expanded flexibility to guide the City during the COVID-19 Pandemic; and
WHEREAS, Low growth in property tax values for the coming years makes this flexibility unnecessary; and
NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF GRAND PRAIRIE, TEXAS:
SECTION 1: THAT Sections 1 and 2 of Resolution 5093-2020 be repealed.
SECTION 2: Except as provided by this Resolution, all other provisions of Resolution 5093-2020 remain unchanged and in full force and effect. In the event of conflict or inconsistency between the terms and provisions set forth in this Resolution and Resolution 5093-2020, this Resolution shall govern and control.
SECTION 3: THAT this resolution shall be in full force and effect from and after its passage and approval.
PASSED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF GRAND PRAIRIE, TEXAS, IN REGULAR COUNCIL SESSION, THIS 4th DAY OF AUGUST, 2020.