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R-1530-9-97RESOLUTION NO. 1530-9– A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ALLEN, COLLIN COUNTY, TEXAS, APPROVING CERFIFICATION OF ANTICIPATED TAX COLLECTION RATE FOR THE CITY OF ALLEN, COLLIN COUNTY, TEXAS, FOR THE 1997-98 TAXABLE YEAR. WHEREAS, Section 26.04(b) of the Texas Property Tax Code provides for the Tax Assessor -Collector to certify the anticipated amount of taxes that will be collected and the anticipated collection rate for 1997-98 taxable year and anticipate a collection amount as calculated below: 1997 Anticipated Levy $9,061,289 1997 Anticipated Collections $9,061,289 1997 Percent of Collections 100% NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF ALLEN, COLLIN COUNTY, TEXAS, THAT: The City Council approves the certification of anticipated tax collection rate for the City of Allen for the 1997-98 taxable year. ' DULY PASSED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF ALLEN, COLLIN COUNTY, TEXAS, ON THIS THE 18TH DAY OF SEPTEMBER, 1997. APPROVED: ATTEST: /iLO D�— Jud Morris ,CMC, CITY SECRETARY n Stephen Terrell, MAYOR