95-10 O - Declaring Election Results of Sales Tax Increase for Economic Development •
CITY OF PROSPER, TEXAS ORDINANCE NO. 9 5-10
AN ORDINANCE ADOPTED BY THE CITY COUNCIL OF THE
CITY OF PROSPER, TEXAS DECLARING THE RESULTS OF THE
MAY 6, 1995 ELECTION WHICH CONSIDERED THE ADOPTION OF
A SALES AND USE TAX INCREASE OF ONE-HALF (1/2) OF ONE
PERCENT (1%) TO BE USED FOR THE PROMOTION AND
DEVELOPMENT OF NEW AND EXPANDED BUSINESS
ENTERPRISES AS AUTHORIZED BY ARTICLE 5190.6(4a) OF THE
TEXAS LABOR 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 a sales and use tax
increase of one-half (1/2) of one percent (1%) as authorized by Article 5190.6(4A) of
the Texas Labor Code to be used for the promotion and development of new and
expanded business enterprises.
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 a sales and use tax within the city for the promotion and development of
new and expanded business enterprises at the rate of one-half of one percent." A copy
of the ballot is attached hereto as Exhibit "A".
SECTION 2: The total number of votes FOR the proposition was 105 and the
total number of votes AGAINST the proposition was 43. The number of votes by which
the proposition was approved was 62.
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 PROMOTE ECONOMIC DEVELOPMENT-Page 1
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SECTION 3: Based on these results, the proposition requesting an increase of
sales and use tax within the city at the rate of one-half (1/2) of one percent (1%) under
the authority of Article 5190.6(4A) of the Texas Labor Code to be used for the
promotion and development of new and expanded business enterprises 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, this 15th day of MAY , 1995.
R SMOTHERMON, Mayor
ATTEST TO: APPROVED AS TO FORM:
SHIR EY J ABERNATHY, ROEDER,
City Secretary ROBERTSON & JOPLIN, P.C.
D. KAY WOODS
City Attorney
_J
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 PROMOTE ECONOMIC DEVELOPMENT-Page 2
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