This is official notice that there will be a Public Hearing at 5:00 pm, Monday, August 1, 2022, in the Council Chambers at City Hall, 220 W. Mulberry, Sherman, Texas, for the following Item and Ordinances. The Meeting at which these Agenda Items are to be considered is open to the public as required by law.
PUBLIC HEARING
First Public Hearing Required by the Charter to Adopt a Budget and Provide for the Appropriation of Funds for Operating and Capital Expenditures for the Fiscal Year Beginning October 1, 2022, and Ending September 30, 2023; Declaring that this Budget will Raise More Total Property Taxes than Last Year's Budget by $2,760,000 and 14%, and of that Amount $476,000 is Tax Revenue to be Raised from New Property Added to the Tax Roll this Year; Providing a Savings/Repealing Clause, Severability Clause and an Effective Date; Providing for the Publication of the Caption Hereof
ORDINANCE NO. 6505
An Ordinance of the City Council of the City of Sherman, Texas, Amending Ordinance No. 5425, Which Established Tax Increment Financing Reinvestment Zone Number Three; Modifying the Grant of Authority to the TIRZ #3 Board of Directors in Accordance with Chapter 311 of the Texas Tax Code; Providing Savings, Repealing and Severability Clauses and an Effective Date
ORDINANCE NO. 6506
An Ordinance of the City Council of the City of Sherman, Texas, Accepting and Approving the Amended Project Plan and the Financing Plan for the Sherman Tax Increment Reinvestment Zone, Number Three (#3); Providing for Findings of Fact
ORDINANCE NO. 6507
An Ordinance of the City Council of the City of Sherman, Texas, Closing the Platted Alley West of Lots 1-4, Block 4, W. Elliott's Addition in the City of Sherman, Grayson County, Texas, as Being Shown in Volume 101, Page 4, Deed Records, Grayson County, Texas, and Being More Particularly Described in the Exhibit "A" Attached Hereto and Made a Part Hereof for all Purposes, said Property Shall be Reserved as an Easement for Public and Franchise Utilities for the Right of Ingress and Egress to Same for Purposes of Operation, Maintenance or Removal of Such Utilities or Until Such Utilities Shall be Abandoned or Relocated
I, Linda Ashby, City Clerk of the City of Sherman, Grayson County, Texas, do hereby certify that the above and foregoing are true and correct copies of the captions of one Public Hearing which will be submitted to the Sherman City Council at the Regular Meeting of August 1, 2022 for consideration, and of Ordinance Nos. 6505, 6506, and 6507 which will be submitted for introduction, public hearing and adoption. Copies of these Agenda Items are on file in the office of the City Clerk, at City Hall, 220 W. Mulberry, Sherman, Texas.
Linda Ashby
City Clerk
Sherman, Texas