R-1428A-5-96RESOLUTION NO. 1428A-5-96 (R)
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ALLEN,
COLLIN COUNTY, TEXAS, RENEWING AND EXTENDING THE POLICY
STATEMENT FOR TAX ABATEMENT GUIDELINES AS PASSED AND
APPROVED IN RESOLUTION NO. 1139-10-92(R) ON THE 15TH DAY OF
OCTOBER, 1992.
WHEREAS, the Allen City Council passed and the Honorable Joe Farmer approved, an
amended Policy Statement for Tax Abatement Guidelines pursuant to Resolution No. 1139-10-92(R)
on October 15, 1992;
WHEREAS, Section 312.002 of the Texas Tax Code provides that such guidelines are
effective for two (2) years from the date adopted; and
WHEREAS, the Allen City Council finds that the renewal and extension are necessary and
desirable to support local business growth.
NOW, THEREFORE, BE IT RESOLVED that the following is adopted by the City
Council of the City of Allen, Collin County, Texas:
SECTION 1. That the City of Allen hereby renews and extends its policy for tax abatement
guidelines attached hereto as Exhibit "A," incorporated herein;
SECTION 2. The criteria and guidelines. as renewed and extended shall generally govern
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 16th day of May, 1996.
APPROVED:
KePL.y, MAYO
AWEST:
r
J dy Mo icon, CMC, CITY SECRETARY
RESOLUTION NO. 1428A -5-96(R)
RESOLUTION NO. 1139-10-92(R)
A RESOLUTION OF THE CITY COUNCIL, OF THE CITY OF ALLEN, COLLIN
COUNTY, TEXAS, AMENDING IN FULL THE POLICY STATEMENT FOR
TAX ABATEMENT GUIDELINES AS PASSED' AND' APPROVED IN
RESOLUTION NO. 1013-12-90(R) ON THE 20TH DAY OF DECEMBER, 1990.
WHEREAS, the Joint Committee on Tax Abatement is no longer in existence; and,
WHEREAS, the Allen Economic Development Corporation Board of Directors is now the
chief advisory body for economic development issues to the City Council of the City of
Allen, Texas; and,
WHEREAS, in order to more closely reflect the economic development goals of the
community, the guidelines for tax abatement need to allow criteria other than the value
of structure added to be applied in determining the length and amount of abatement
which may be granted to support local business growth,
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF ALLEN,
COLLIN COUNTY, TEXAS THAT:
SECTION 1: The City of Allen hereby amends its Policy for Tax Abatement Guidelines,
attached hereto as Exhibit "A" and incorporated herein; and
SECTION 2: The criteria and guidelines amended within the Policy Statement for Tax
Abatement Guidelines shalt 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, TEXAS, ON THE 15th DAY OF OCTOBER, 1992.
APPROVED:
�
oe Farmer, MAYOR
ATTEST:-. -
J4GC
,dMo '� n, CITY SECRETARY
In
^•• RESOLUTION NO. 1428A -5-96(R)
OCTOBER 15, 1992
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 stimulation for
economic development in Allen. It is the policy of the City of
Allen that said consideration will be provided in accordance 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. ALLEN ECONOMIC DEVELOPMENT CORPORATION'ON TAX ABATEMENT:
Requests for tax abatement shall be reviewed- by the Board of
Directors -of the Allen Economic' Development Corporation (AEDC).
The AEDC Board will review -each request.- Deliberation of the' AEDC.'
Board relative to the potential impact of a.requested.actiori will.
be based' -on information pkepared by the requesting party in
conjunction with the Economic Development Director. for the City of
Allen. On .judging • the potential impact of .a request, the AEDC..
Board shall consider the degree.to which the project furthers the -
economic development and general goals of local taxing entities in
support of the Allen community.
The AEDC Board of Directors is responsible for (1) reviewing all
information submitted by the applicant with officials representing
local taxing entities, (2) communicating with and updating these
officials as to the status of all applications, and (3) developing
a recommendation for consideration by the respective governing
bodies. Also, the AEDC Board along with Economic Development
Director are responsible for communicating with representatives of
local businesses through the Allen Chamber of - Commerce and the
citizens of Allen as to the status of tax abatement within the
community, creation of reinvestment zones, and individual tax
abatement agreements.
A
RESOLUTION NO. 1428A -5-96(R)
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. The creation of
jobs, additional personal property value, financial implications
and community development projections will also be•:�considered in
requests for tax abatement.
Figure I presents general guidelines regarding the level of value
added, the years- of abatement, and the- percent of abatement.
However, other criteria may also be applied in determining the
length and amount of abatement which may be granted to support
local business growth.
FIGURE 1
Value of
Structure
Added
Years
of
Abatement
Percent
of
Abatement
$125,000,000
10
250
110,000,000
9
250
95,000,000
8
250
80,000,000
7
250
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%
IV. TAX ABATEMENT PROCEDURES:
The procedures as hereinafter delineated shall -be -.utilized in -the
implementation of the tax abatement program of the-CityofAllen.
Tax abatement applicants shall complete and submit an application'
for tax= abatement as prescribed by the Economic Development
Director 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 provide a complete legal
description if the property is described by meets and bounds.
Applicants shall complete all information detailed in this document
or other material as may be required and submit them to the
Economic Development Director, One Butler Circle, Allen, TX 75002.
AN
RESOLUTION No. 1428A -5-96(R)
Application Review Steps: -
A. All information in the application package detailed above will
be reviewed for completeness and accuracy. Additional
information may be requested as needed.
B. The application may 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 AEDC Board of Directors.
Consideration of the Application:
D. The AEDC Board will consider the application at a regular or
called meeting(s).
E. The findings of the AEDC Board will be forwarded, with all
relevant materials, to the chief administrative officer of
each taxing entity.
F. The City Council of Allen may consider a resolution calling a
Public hearing to consider establishment of a tax reinvestment
zone. The amount and length of abatement may vary within each
reinvestment zone approved by the City Council.
G. The City Council of Allen may hold the public hearing and
determine whether the project -is -feasible and -practical and
would be�,Qf .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 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.
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