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09/29/1982-CC-Minutes-SpecialSpindle the/v made the motion that the public hearing be conducted on September 29, 1982 at 6:00 P. M. at City Hall. Bridges gave the second. Voted unan. Meeting adjourned. ATTEST: 4 City Se ary MINUTES: Special Called Meeting September 29, 1982 PRESENT: Mayor Cole, Thomas, Spindle, Adkins and Inman ABSENT: Benny Bridges OTHERS PRESENT: Lloyd Henderson, Mary Jo Stover, and Carlos D. Brown 1. Mayor Cole declared the Public Hearing on the tax rate increase open. Mr. Carlos D. Brown was the only citizen that attended the special tax rate hearing. --- Mayor Cole explained in detail why the city felt it necessary to exceed the 3% limit. The effective rate which the County Appraisal District figured for the City was .3252. To pay for the landfill bonds .08� is necessary to take care of the indebtedness, .01� for cost of insurance increase, .01� for the city's part on the new fire station, .012� due to inflation, and .01� to hopefully create a small surplus in the operation fund. Total increase to be .45�. M r. Brown stated he did not attend the meeting to complain, but to get a better understanding of the need for the increase. He stated he did not feel his property was over valued or the rate too high. He stated he appreciated what council had to say. Mayor Cole closed the public hearing and announced that the tax increase would be voted on at the next regular meeting on October 4, 1982 at 6:00 P. M., at City Hall. Danny Spindle made the motion to adjourn. Freddy Inman gave the second. Voted unan. ATTEST: Ci y SEgerary