HomeMy WebLinkAboutRES 920544 - Tax Abatement Agmt GISDit I
)WHEREAS, Williamson County ("County"), Georgetown Independent School District
and the City of o• ("City") jointly resolved in 1989 to •#i and
Itiarticipate in efforts for economic development for the greater Georgetown area;
WHEREAS, Section 312.002 of the Tax Code of the State of Texas requires that all
taxing entities must establish guidelines and criteria governing tax abatement agreements prior
to being eligible to enter into such agreements; and
WHEREAS, the County, GIS D and the City desire to promote economic development
through the availability to offer tax abatement in certain circumstances;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF GEORGETOWN, TEXAS, THAT:
SECTION 1. The facts and • contained in the preamble • this resolution are
hereby found and declared to be true and • and are incorporated • reference herein
and expressly made a part hereof, as if copied verbatim. The City Council hereby finds that
this resolution implements Economic Development Policy I of the Century Plan - Policy Plan
Element, which states: "The City will encourage diversified growth and promote business
opportunities to create jobs, broaden the tax • and minimize the impact • economic
fluctuations" and Economic Development Policy 5 of the Century Plan - Policy Plan Element
which states- "The City will take the appropriate steps to have a self-sustaining economy";
and further finds that the adoption of this resolution is not inconsistent • in conflict with any
other Century Plan Policies, as required by Section 2.03 of the Administrative Chapter of the
Policy Plan.
SECTION 2 The Mayor is hereby authorized to sign a joint agreement the County
and GISD establishing guidelines and criteria governing tax abatement agreements for the
• Georgetown area, and for the City Secretary to attest.
SECTION 3. This resolution shall be effective immediately upon adoption.
Attest:
Elizabeth Gray, CityrSecretary
• �� a -* • '`
9
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Marianne Landers Banks
City Attorney
By:
Leo Wood, Mayor