R-1091-3-92RESOLUTION NO. 1091-3-92(R)
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ALLEN, COLLIN
COUNTY, TEXAS, AUTHORIZING THE CITY MANAGER TO EXECUTE A
CONTRACT WITH THE BETHANY CENTRAL LIMITED LIABILITY
PARTNERSHIP.
WHEREAS, in order to maintain and/or enhance the industrial economic and employment
base of the Allen area; and,
WHEREAS, the City of Allen has adopted Resolution No. 1013-12-90 (R) and 1083-3-92
(R) stating that it elects to be eligible to participate in tax abatement; and,
WHEREAS, on the 30th day of March, 1992, the City Council of the City of Allen, Texas,
adopted Ordinance No. 1090-3-92 establishing Reinvestment Zone No. One, City of
Allen, Texas for industrial tax abatement, as authorized by Chapter 312 of the Texas
Tax Code;
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF ALLEN,
COLLIN COUNTY, TEXAS THAT: The City Manager is hereby authorized to execute
a contract between the City and Bethany Central Limited Liability Partnership to abate
ad valorem taxes effective March 30, 1992.
DULY PASSED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF ALIEN,
COLLIN COUNTY, TEXAS, ON THIS THE 30TH DAY OF MARCH 1992.
APPROVED
Joe Farmer, MAYOR
ATTEST:
rr.
Ju Mo on, CITY SECRETARY