Aug 13 2020 Item 11 Holmes Aye

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August 13th, 202011Discussion of and action on setting Public Hearings on the proposed Tax Year 2020 ad valorem (property) tax rate on Thursday, August 27, 2020 and Thursday, September 10, 2020 at 7:00 p.m. in the City Hall Council Chamber. (Staff)Motion was made by Council Member Massey to set the proposed 2020 Tax Rate at $0.346524 per $100 valuation, composed of the Maintenance and Operations Rate (M&O) at $0.272646 and the Interest and Sinking Rate (l&S) at $0.073878. The motion was seconded by Mayor Pro Tern Blue. Motion was made by Council Member Massey to adopt the said 2020 Tax Rate at the regular City Council meeting on Thursday, September 24, 2020. The motion was seconded by Mayor Pro Tern Blue.Aye