R-2825-5-09RESOLUTION NO. 2825-5-09(R)
' A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ALLEN, COLLIN
COUNTY, TEXAS, CONTINUING THE ELECTION TO BECOME ELIGIBLE TO
PARTICIPATE IN TAX ABATEMENT; UPDATING THE CITY OF ALLEN TAX
ABATEMENT GUIDELINES; AND PROVIDING AN EFFECTIVE DATE.
WHEREAS, the Allen City Council previously approved Resolution No. 2720-3-08(R) adopting a Policy
Statement for Tax Abatement Guidelines; and,
WHEREAS, Section 312.002 of the Texas Tax Code requires any taxing unit that enters into a tax abatement
agreement under Chapter 312, and the governing body of any municipality that designates an area as a
reinvestment zone, to adopt a resolution stating that the taxing unit elects to become eligible to participate in
tax abatement; and,
WHEREAS, Section 312.002 of the Texas Tax Code requires tax abatement guidelines to provide for the
availability of tax abatement for both new facilities and structures and for the expansion or modernization of
existing facilities and structures.
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 continues its election to become eligible to participate in tax
abatement pursuant to Chapter 312 of the Texas Tax Code.
' SECTION 2. The criteria and guidelines adopted by the City of Allen pursuant to Resolution No. 2720-3-
O8(R) are hereby modified to make clear that tax abatement is available for both new facilities and structures
and for the expansion or modernization of existing facilities and structures.
SECTION 3. This resolution shall become effective upon its adoption.
DULY PASSED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF ALLEN, COLLIN
COUNTY, TEXAS, ON THIS THE 12m DAY OF MAY, 2009.
ATTEST:
Shelley B. Geo / , CITY SE ARY
I
APPROVED:
Stephen T •rell, MAYOR
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