RE 2001-09-18.1 RESOLUTION NO. 2001-0918.1
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
COPPELL, TEXAS, REGARDING THE PASSAGE OF ADDITIONAL
HOMESTEAD PROPERTY TAX RELIEF AS PROVIDED FOR IN STATE
LAW.
WHEREAS, the Mayor and Council of the City of Coppell wish to provide residential
property tax relief for the citizens of our community; and
WltEREAS, the Homestead Property Tax Exemption has been found to be the most
effective mechanism for homeowner property tax relief; and
WItEREAS, before April 1st of each year the City must take formal action to grant
additional property tax relief through the Homestead Property Tax Exemption.
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF COPPELL, TEXAS:
SECTION 1. That the City of Coppell hereby declares its intent to review the granting
of an additional two percent (2%) Homestead Property Tax relief to elibigle residential property
owners before February 28, 2002.
SECTION 2. This review shall take into consideration the City's financial condition,
including expenditures, revenues, five-year plan, and capital improvement projects, as well as the
condition of the local, state and national economies.
DULY PASSED and approved by the City Council of the City of Coppell, Texas, on this
the 18th day of September 2001.
APPROVED:
CANDY SHEEHAN, MAYOR
ATTEST:
LIBBY BALL, CITY SECRETARY
ROBERT E. HAGER, CITY ATTORNEY