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HomeMy WebLinkAboutRES 091107-Z - Tax Abatement AirBorn Inc.Resolution No. ©G//C%' A RESOLUTION STATING THAT THE CITY ELECTS TO BECOME ELIGIBLE TO PARTICIPATE IN A PROPERTY TAX ABATEMENT FOR AIRBORN, INC ; 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 August 14, 2007, the City Council adopted guidelines and criteria governing tax abatement agreements as set forth in the "Guidelines And Criteria Governing Tax Abatement Agreements Within The City Of Georgetown And Its Extraterritorial Jurisdiction"." The adopted guidelines outline the standards for detennnining benefits and the process for considering incentive proposals. ; and WHEREAS, on September 11, 2007, the City Council of the City of Georgetown, Texas (the "City") proposed to enter into a property tax abatement agreement with AirBorn, Inc (` AirBorn"), which manufactures electronic connectors for commercial applications in fields such as medical technology and commercial aviation, to induce AirBorn to retain its presence in Georgetown and to construct a new manufacturing facility in the City; and 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 AirBorn, Inc 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. v' ?fie 7- Intent to Participate in Tax Abatement for AirBorn, Inc Page 1 of 2 13.0 All municipal operations are conducted in an efficient business -like 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 "Guidelines And Criteria Governing Tax Abatement Agreements Within The City Of Georgetown And Its Extraterritorial Jurisdiction" to elect to become eligible to participate in a tax abatement agreement with AirBorn. Section 3. The City Council hereby resolves that it intends to become eligible to participate in a tax abatement agreement with AirBorn 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 day of 2007. ATTEST: Sandra Lee City Secretary Resolution No. 09//07 Intent to Participate in Tax Abatement for AirBorn, Inc. Page 2 of 2 CITY OF GEORGETOWN, TEXAS ary on, Mayor City o Georgetown, Texas Patricia Carls City Attorney