95-09 O - Declaring Election Results of Sales Tax Increase for General Fund for Property Tax Reduction •
CITY OF PROSPER, TEXAS ORDINANCE NO. 9 5-0 9
AN ORDINANCE ADOPTED BY THE CITY COUNCIL OF THE
CITY OF PROSPER, TEXAS DECLARING THE RESULTS OF THE
MAY 6, 1995 ELECTION WHICH CONSIDERED AN ADDITIONAL
SALES AND USE TAX INCREASE OF ONE-HALF (1/2) OF ONE
PERCENT (1%) AS AUTHORIZED BY § 321.101(b) OF THE TEXAS
TAX CODE.
WHEREAS, the City Council of the City of Prosper, Texas finds and determines
that it is in the best interest of the citizens of the City of Prosper, Texas ("Prosper") to
declare the results of the May 6, 1995 election requesting approval of an additional sales
and use tax increase of one-half (1/2) of one percent (1%) as allowed by § 321.101(b) of
the Texas Tax Code to be used to reduce the property tax rate.
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE
CITY OF PROSPER, TEXAS:
SECTION 1: A General Election was held on May 6, 1995 for the voters of
Prosper to consider and vote FOR or AGAINST the following proposition: "The
adoption of an additional sales and use tax within the city at the rate of one-half of one
percent to be used to reduce the property tax rate." A copy of the ballot is attached
hereto as Exhibit "A".
SECTION 2: The total number of votes FOR the proposition was 99 and the
total number of votes AGAINST the proposition was 59. The number of votes by which
the proposition was approved was 40.
SECTION 3: Based on these results, the proposition requesting an additional
sales and use tax increase within the city at the rate of one-half (1/2) of one percent
AN ORDINANCE DECLARING THE RESULTS OF THE ELECTION TO CONSIDER AN ADDITIONAL SALES AND USE TAX
INCREASE OF 1/2 OF ONE PERCENT TO BE USED TO REDUCE THE PROPERTY TAX RATE-Page 1
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(1%) under the authority of § 321.101(b) of the Texas Tax Code was passed and adopted
by the citizens of Prosper.
SECTION 4: This Ordinance shall become effective immediately upon its
passage.
PASSED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF
PROSPER, TEXAS on this the 15 th day of MAY , 1995.
R A do Y SMOTHERMON, Mayor
APPROVED AS TO FORM:
010P. >4 )---)'2-J
SHI LEY JC ABERNATHY, ROEDER,
City Secretary ROBERTSON & JOPLIN, P.C.
D. KAY WOODS
City Attorney
AN ORDINANCE DECLARING THE RESULTS OF THE ELECTION TO CONSIDER AN ADDITIONAL SALES AND USE TAX
INCREASE OF 1/2 OF ONE PERCENT TO BE USED TO REDUCE THE PROPERTY TAX RATE-Page 2
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