HomeMy WebLinkAbout10-1336 02-09-2010 RESOLUTION NO. 10-1336
A RESOLUTION OF THE CITY OF EULESS, TEXAS,
ADOPTING GENERAL GUIDELINES AND CRITERIA FOR
CONSIDERATION OF ECONOMIC DEVELOPMENT
INCENTIVES IN THE CITY OF EULESS.
WHEREAS, The Euless City Council is committed to the promotion and retention
of quality development in all parts of the city and to an ongoing improvement in the
quality of life for its citizens; and
WHEREAS, economic development incentives are offered by the City of Euless
for the purpose of securing the future economic viability of the community through the
creation and retention of jobs, the attraction of new investment through the location of
new industry, and the expansion and modernization of existing businesses; and
WHEREAS, the Euless City Council adopted Resolution No. 10-1331 on January
12, 2010, which renewed adoption of its Tax Abatement Guidelines and Criteria,
consistent with the State Legislatures reauthorization of the Property Redevelopment
and Tax Abatement Act within Chapter 312 of the Texas Tax Code; and
WHEREAS, the Euless City Council desires, without obligation, to consider other
economic development incentives that the Euless City Council would consider as part of
a comprehensive economic development strategy.
NOW, THEREFORE BE IT RESOLVED, that the Euless City Council seek to
enhance its economic development efforts to attract and retain high quality development
and jobs by establishing the following "Guidelines and Criteria", contained in Attachment
"A", for consideration of economic development incentives.
ADOPTED, at a regular meeting of the Euless City Council on the 9th day of
February 2010, by a vote of o ayes, o nays, and o abstentions.
APPROVED:
Mary Li Saleh, Mayor
ATTEST:
K
u n Cri TRMC, City Secretary