The 2011–12 Cedar Park tax rate will remain the same or lower than 2010–11 after City Council voted to set the maximum tax rate at .493501 per $100 valuation.
The city set two public hearings for the 2011–12 tax rate and budget for Aug. 25 and Sept. 8.
Other notes include, The City Council approved an agreement with the Central Texas Regional Mobility Authority that would allow the city to take over traffic signalization for four traffic lights along Toll 183A. Assistant City Manager Sam Roberts said the switch should improve repair response time and benefit the city and its residents.
Council members received a presentation update on plans to finish the new City Hall on Cypress Creek Road. Current plans call for a 115-seat council chamber, standalone buildings for high-traffic customer service areas and space for most of the city's departments to grow within the new offices.
Plans are 70 percent done and the project is on track to be finished by March 2012. After a presentation outlining the benefits and challenges of business incubators, council members directed city staff to seek proposals for opening a business incubator with performance-based standards. Business incubators help startup and fledgling businesses develop and grow in hopes of adding jobs to the community.
A representative with Ranch at Cypress Creek MUD said about 1,000 residents from the area signed a petition for voluntary annexation into Cedar Park. About 1,900 property owners reside in the area.
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