HomeMy WebLinkAbout09/05/2018 - Special Minutes - City CouncilMINUTES OF THE CITY COUNCIL SPECIAL MEETING
CITY OF COLLEGE STATION
SEPTEMBER 5, 2018
STATE OF TEXAS
COUNTY OF BRAZOS
Present:
Karl Mooney, Mayor
Council:
Bob Brick
Jerome Rektorik
Linda Harvell
Barry Moore
John Nichols
James Benham - absent
City Staff:
Jeff Capps, Interim City Manager
Carla Robinson, City Attorney
Tanya McNutt, City Secretary
1. Call to Order and Announce a Quorum is Present
With a quorum present, the Special Meeting of the College Station City Council was called to
order by Mayor Mooney at 7:00 p.m. on Wednesday, September 5, 2018 in the Council Chambers
of the City of College Station City Hall, 1101 Texas Avenue, College Station, Texas 77842.
2. Public hearing, presentation, possible action and discussion on the City of College Station
2019 advertised ad valorem tax rate of $0.505841 per $100 valuation resulting in an increase
in tax revenues. Also discussion and possible action on announcing the meeting date, time
and place to adopt the tax rate.
Mary Ellen Leonard, Director of Finance, presented the first of two public hearings on the tax rate.
The proposed tax rate of 50.5841 cents per $100 assessed valuation will generate $46,434,418 in
taxes.
The certified property valuation totaled $9,487,074,377 billion, which is a total increase of
$584,983,822 or approximately a 6.57% increase in value over last year. The effective tax rate is
47.8968 cents per $100 assessed valuation. The current tax rate is 49.75 cents per $100 assessed
valuation, and the proposed tax rate is 50.5841 cents per $100 assessed valuation. If adopted, the
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proposed tax rate per $100 of assessed valuation would be 50.5841 cents and would provide
22.0339 cents for debt service and 28.5502 cents for operations and maintenance. This tax rate
meets the Debt Service requirements, and funds the proposed General Fund budget. The FY19
Budget reflects a .8341 cent per $100 assessed valuation tax increase related to the 5% Homestead
exemption to provide property tax relief to permanent city residents and to shift a small portion of
the tax burden off of permanent residents to other taxpayers in the community. Therefore, we are
proposing that FY19 budgeted revenue be 2.5% over the FY18 yearend estimate or $29.9 million.
At approximately 7:05 p.m., Mayor Mooney opened the Public Hearing.
There being no further comments, the Public Hearing was closed at 7:05 p.m.
Mayor Mooney announced that the second public hearing will be held on Thursday, September
13, 2018, and the Council will vote on the tax rate on Thursday, September 27, 2018 at 6:00 p.m.
in City Council Chambers at City Hall.
3. Adjournment.
MOTION: There being no further business, Mayor Mooney adjourned the Special Meeting of
the City Council at 7:06 p.m. on Wednesday, September 5, 2018.
e-//'
Karl Moon-, Mayor
ATTEST:
Tanya Smith, City Secretary
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