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
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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
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