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R-285-1-80Resolution 285 Resolution of the City of Allen A RESOLUTION ESTABLISHING THE AD VALORUM TAX ASSESSMENT RATIO AT 100°% OF APPRAISED VALUE FROM ITS PRESENT RATIO OF 50o FOR THE TAX YEAR 1980. WHEREAS, under state law and city charter, the City of Allen is designated a general purpose local government with ad valorum taxing powers; and WHEREAS, presently the City of Allen sets the tax levy based on 50 percent of the appraised value of property; and WHEREAS, the City Council desires to eliminate confusion on the part of the taxpayer and to prepare the tax office for compliance with 100 percent assessment in 1981 as required by S.B. 621; Now therefore be it resolved: A. Except as otherwise provided by law, it shall be the policy of the City of Allen to assess property for taxation on the basis of 100 percent of its appraised value. B. This policy shall take effect on January 1, 1980. E i f Signed Mayor M. B. Pierson 14,/",attest anelle Cooksey City Secretary 0 ` BE IT REMEMBERED that the City Council of the City of Allen, Collin County, Texas, met in open, public, regular session at the regular meeting place of the Council in Rountree Elementary School in said city, at 7a30 o'clock p. M., on December 20, 1979. Present and presiding M. B. Pierson, Mayor; also present, Jon McCarty, City Manager, Junelle Cooksey, City Secretary, and the following councilmen: Joe Farmer, Charles Chandler, H. R. Daugherty, Rex Womack, Glenn Andrew and Richard Chumbley Absent: None f # s • (Other Business) The following resolution was thereupon introduced by Mayor M. B. Pierson and read in full: RESOLUTION approving the Bylaws of ` the Allen Industrial Development Corporation. 286 WHEREAS on November 26, 1979, this body did approve the creation of the Allen Industrial Development Corporation (the "Corporation"); and WHEREAS the Corporation has been issued a certificate of incorporation by the Secretary of State, and its Board of Directors has met in an organizational meeting on December 20, , 1979, and adopted Bylaws; and WHEREAS pursuant to the Texas Development Corporation Act of 1979 this.body must approve said Bylaws; NOW, THEREFORE, Be It Resolved by the City Council of the City of Allen, Collin County, Texas, acting as the Aftgoverning body of said city, as follows: J if' Section 1. The Bylaws of the Corporation, in the form hereto attached as Exhibit A , are hereby approved. Section 2. The effectiveness of said Bylaws upon their adoption by the Board of Directors of the Corporation, as provided therein, is hereby ratified and approved. Passed and approved this 20th day of December, 1979• Entered into the official records this 20 day of December , 1979• Mayor Attest: City Secretary Approved as to form: City Attorney It was thereupon moved by Rex Womack and seconded by H. R. Daugherty that said resolution be adopted. Upon roll being called, the following voted: AYE: M. B. Pierson, Charles Chandler, Glenn Andrew, Joe Farmer, Richard Chumbley, H. R. Daugherty Rex Womack NAY: None y`_ The following resolution was thereupon introduced by Mayor M. B. Pierson and read in full: -2-