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HomeMy WebLinkAboutRes 011304-R - Tax Abatement TASUS CorpResolution No. ®/ /3 6 ` A RESOLUTION STATING THAT THE CITY ELECTS TO BECOME ELIGIBLE TO PARTICIPATE IN A PROPERTY TAX ABATEMENT FOR THE TASUS CORPORATION, PROVIDING A SEVERABILITY CLAUSE; AND PROVIDING AN EFFECTIVE DATE. WHEREAS, the Property Redevelopment and Tax Abatement Act (Chapter 312 of the Texas Tax Code, Vernon's Texas Codes Annotated (the "Act")) states that a taxing unit may not enter into a property tax abatement agreement unless the governing body has (1) established guidelines and criteria governing tax abatement agreements; and (2) adopted a resolution stating that the taxing unit elects to become eligible to participate in a tax abatement (Tex. Tax Code 312.002(a)); and WHEREAS, on February 11, 2003, the City Council adopted guidelines and criteria governing tax abatement agreements as set forth in the "City of Georgetown Principles for Economic Development Incentives." The adopted guidelines state in part that, "the City of Georgetown may offer tax abatements for commercial or industrial new business construction, or facility expansion, as well as business personal property tax associated with real property. City abatements are granted through an approved contract with the Georgetown City Council." The adopted guidelines further outline the standards for determining benefits and the process for considering incentive proposals; and WHEREAS, on November 25, 2003, the City Council of the City of Georgetown, Texas (the "City") proposed to enter into a property tax abatement agreement with Tasus Corporation ("Tasus") to induce Tasus to locate its new manufacturing facility in the City; and WHEREAS, the purpose of this Resolution is to formalize the City Council's action of November 25, 2003 in a Resolution, as required by law, and to commence the process for adopting a property tax abatement agreement with Tasus. NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF GEORGETOWN, TEXAS. Section 1: The City Council finds and declares that the declaration of intent to participate in a property tax abatement with Tasus Corporation is in conformance with the following Policy Statements in the City's Century Plan: 1.0 The community enjoys the benefits of well -planned land use in which conflicting needs are balanced. 9.0 Citizens and commercial goods move safely and efficiently throughout all parts of the City. 10.0 Georgetown's citizens and businesses enjoy an attractive community with a unique sense of place and a positive, identifiable image, at a cost which is consistent with other city social and economic priorities. Resolution No. 0 ` Intent to Participate in Tax Abatement for Tasus Corporation Page 1 of 2 13.0 All municipal operations are conducted in an efficient businesslike manner and sufficient financial resources for both current and future needs are provided. 15.0 The City manages its resources in a sound and fiscally conservative manner. Section 2. The City Council finds that it is in the public interest and is consistent with the February 11, 2003 "City of Georgetown Principles for Economic Development Incentives" to elect to become eligible to participate in a tax abatement agreement with Tasus. Section 3, The City Council hereby approves resolves that it intends to become eligible to participate in a tax abatement agreement with Tasus as authorized by the Act. Section 4. If any provision, section, subsection, sentence, clause or phrase of this Resolution, or the application of same to any person to set circumstances, is for any reason held to be unconstitutional, void or invalid, the validity of the remaining provisions of this Resolution or their application to other persons or set of circumstances shall not be affected thereby, it being the intent of the City Council in adopting this Resolution that no portion hereof or regulations connected herein shall become inoperative or fail by reason of any unconstitutionality, voidness or invalidity of any portion hereof, and all provisions of this Resolution are declared severable for that purpose. Section 5. This Resolution is effective immediately upon its passage. RESOLVED AND ADOPTED on the 13tn day of January 2004, CITY OF GEORGETOWN, TEXAS Gary NeIK Mayor City of Georgetown, Texas ATTEST J, APPROVED AS TO RM: Sandra Lee Patricia Carls City Secretary City Attorney Resolution No. 0/ 6 4(� tf Intent to Participate in Tax Abatement for Tasus Corporation Page 2 of 2