The Highland Village City Council last week unanimously approved to set the property tax rate for the fiscal year 2016-2017 budget at $0.56963. The property tax rate has remained unchanged since 2000.
Public hearings on the proposed budget and tax rate will be held on August 23 and September 13.
Assessed valuations rose this year by 4.9 percent. The proposed base General Fund Budget expenditures total $15,842,050, only a .1 percent increase from 2015-2016. A Supplemental Budget is also included, totaling $482,800, resulting in a total increase of 3.2 percent.
Council approved an ordinance adopting the 2015 International Energy Conservation Code as the energy code for single family residential construction and all residential, commercial, and industrial construction in Highland Village. Many cities in Texas have already adopted the 2015 IBC and other associated Codes. The adoption of the 2015 International Energy Conservation Code will reduce confusion and provide regional uniformity in the benefit of builders, architects, contractors and consequently homebuyers, city officials said. The Code is effective September 1, 2016.
The City Council also approved a resolution awarding the paving contract for the 2016 Asphalt Overlay Project to Reynolds Asphalt & Construction Company in the amount of $91,603. The streets included in the project are Foggy Glen, Trails End, Meadowlark Lane, Millwood Drive and the north end of Medina Drive.
An update on the 35Express Project was given during the City Manager Report. 35Express Project Public Information Manager Kimberly Sims informed Council that Highland Village Road at I-35E will be closed for a two week period between August 25 and September 9. The closure is needed to raise Highland Village Road eight feet to meet the new I-35E frontage road.
The City Council early work session and regular session is available on HVTV (Time Warner 16; Verizon 43) and via the website streaming by clicking HVTV. The meetings are also available for on-demand viewing on the city website.