R-1013-12-90RESOLUTION NO. 1013-12-90(R
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ALLEN,
TEXAS, ADOPTING A POLICY STATEMENT FOR TAX ABATEMENT
GUIDELINES; ESTABLISHING GUIDELINES AND OBJECTIVE AND
SUBJECTIVE CRITERIA FOR EVALUATING TAX ABATEMENT
APPLICATIONS; AND ESTABLISHING MINIMUM STANDARDS AND
GUIDE -LINES FOR CONSIDERING TAX ABATEMENT APPLICATIONS.
WHEREAS, the enhancement of the local economy is in the best interest of the
citizens of Allen; and,
WHEREAS, the provision of certain economic development incentives may
encourage prospective and existing businesses and companies to locate or expand in
Allen; and,
WHEREAS, the establishment of specific criteria, guidelines and procedures
are necessary to effectively and fairly administer tax abatement incentives; and,
WHEREAS, State law requires the adoption of criteria and guidelines
governing the establishment of tax abatement agreements,
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF ALLEN, TEXAS THAT:
SECTION 1. The City of Allen hereby establishes a Policy Statement for Tax
Abatement Guidelines, attached hereto as Exhibit "A" and incorporated herein; and
SECTION 2. The criteria and guidelines established within the Policy
Statement for Tax Abatement Guidelines shall expressly govern all subsequent tax
abatement agreements, as required by State law.
DULY PASSED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF
ALLEN, COLLIN COUNTY, TEXAS, ON THIS THE 20TH DAY OF DECEMBER, 1990.
APPROVED:
Farmer, MAYOR
ATTEST: ,
Ju Mo son, CITY SECRETARY
ATTACHMENT TO :
RESOLUTION NO. 1013-12-90(R)'
EXHIBIT "A"
JANUARY 15, 1991
CITY OF ALLEN
TAX ABATEMENT POLICY
I. General Purpose and Objectives
The City of Allen is committed to the promotion of high quality
development in all parts of the City; and to an ongoing improvement
in the quality of life for its citizens. Insofar as these
objectives are generally served by the enhancement and expansion
of the local economy, the City of Allen will, on a case-by-case
basis, give consideration to providing tax abatement as a stimula-
tion for economic development in Allen. It is the policy of the
City of Allen that said consideration will be provided in accor-
dance with the guidelines presented in this document. Nothing
herein shall imply or suggest that the City of Allen is under any
obligation to provide tax abatement to any applicant. All
applicants shall be considered on a case-by-case basis.
II. Joint Committee on Tax Abatement
Requests for tax abatement shall be reviewed by the Joint Committee
on Tax Abatement, said Committee being comprised of two elected
officials from each of the following entities: City of Allen,
Allen Independent School District, Collin County Community College
and Collin County Commissioners Court. The Mayor and Chair of the
Economic Development Committee of the Allen City Council shall
represent the City of Allen on this committee.
The Joint Committee on Tax Abatement will review and discuss each
request. Deliberation of the Joint Committee relative to the
potential impact of a requested action will be based on information
prepared by the requesting party in conjunction with the Economic
Development Coordinator for the Allen Economic Development
Alliance. On judging the potential impact of a request, the Joint
Committee shall consider the degree to which the project furthers
the Economic Development and general goals of the entities
represented on the Joint Committee. Joint Committee represent-
-2-
-tives from each taxing entity are responsible for (1) informing
their representative colleagues of the request; (2) developing a
recommendation for consideration by the respective governing body
and (3) advising the Economic Development Coordinator of Allen
regarding the disposition of the request.
III. Guidelines for Tax Abatement
The primary issue determining whether or not tax abatement will be
approved is the value of structure to be added. Secondary issues
such as the creation of jobs, financial implications and community
development projections will be considered in requests for tax
abatement.
Figure 1 presents guidelines regarding the level of value added,
the years of abatement and the percent of abatement.
Value of
Structure
Added
Figure 1
Years
of
Abatement
Percent
of
Abatement
$125,000,000
10
25%
110,000,000
9
25%
95,000,000
8
25%
80,000,000
7
25%
65,000,000
6
25%
50,000,000
5
25%
35,000,000
4
25%
20,000,000
3
25%
5,000,000
2
25%
-3 -
IV. Tax Abatement Procedures
The procedures as hereinafter delineated shall be utilized in the
implementation of the tax abatement program of the City of Allen.
Tax Abatement applicants shall complete and submit an application
for tax abatement as prescribed by the Economic Development
Coordinator for the City of Allen. While the specific contents of
the application may vary, it is expected that the information
requested will reveal the precise location of the property, all
roadways within 500 feet of the site, and all existing land uses
and zoning within 500 feet of the site; and provide a complete
legal description if the property is described by meets and bounds.
Applicants shall complete all information detailed in this document
or as may be required and submit them to the Economic Development
Coordinator, One Butler Circle, Allen, TX 75002.
Application Review Steps
A. All information in the application package detailed above will
be reviewed for completeness and accuracy. Additional infor-
mation may be requested as needed.
B. The application will be distributed to the appropriate City
departments for internal review and comments. Additional
information may be requested as needed.
C. Copies of the complete application package and staff comments
will be provided to the Joint Committee on Tax Abatement.
Consideration of the Application
D. The Joint Committee on Tax Abatement will consider the
application at a regular or called meeting(s). Additional
information may be requested as needed.
E. The findings of the Joint Committee on Tax Abatement
will be forwarded, with all relevant materials, to the chief
administrative officer of each taxing entity.
F. The City Council
a public hearing
ment zone.
-4-
of Allen may consider a resolution calling
to consider establishment of a tax reinvest -
G. The City Council of Allen may hold the public hearing and
determine whether the project is "feasible and practical and
would be of benefit to the land to be included in the zone
and to the municipality."
H. The City Council of allen may consider adoption of an
ordinance designating the area described in the legal
description of the proposed project as a commercial/
industrial tax abatement zone.
I. The City Council may consider adoption of a resolution
approving the terms and conditions of a contract between
the City and the applicant governing the provision of tax
abatement.
J. The governing bodies of Allen Independent School District,
Collin County and Collin County Community College may
consider ratification of and participation in the tax
abatement agreement between the City of Allen and the
applicant.
A RESOLUTION OF THE ALLEN INDEPENDENT SCHOOL
DISTRICT, ALLEN, TEXAS, SUPPORTING A POLICY
STATEMENT FOR TAX ABATEMENT GUIDELINES AS
ADOPTED BY THE CITY COUNCIL OF THE CITY OF
WjL ALLEN, TEXAS
WHEREAS, the enhancement of the local economy is in the best
interest of the citizens of Allen; and,
WHEREAS, the provision of certain economic development incen-
tives may encourage prospective and existing businesses and com-
panies to locate or expand in Allen; and,
WHEREAS, the establishment of specific criteria, guidelines
and procedures are necessary to effectively and fairly administer
tax abatement incentives; and,
WHEREAS, State law requires the adoption of criteria and guide-
lines governing the establishment of tax abatement agreements,
NOW, THEREFORE BE IT RESOLVED BY THE BOARD OF TRUSTEES OF THE
ALLEN INDEPENDENT SCHOOL DISTRICT THAT:
The Allen Independent School District supports the Policy
Statement for Tax Abatement Guidelines established by the City of
Allen, attached hereto as Exhibit "A" and incorporated herein.
DULY PASSED AND APPROVED BY THE BOARD OF TRUSTEES OF THE
ALLEN INDEPENDENT SCHOOL DISTRICT, COLLIN COUNTY, TEXAS, ON THIS
21ST DAY OF JANUARY 1991.
APPROVED:
ames D. Kerr, President
Board of Trustees
ATTEST:
ary Evan ecretary
Board of kustees