RES 2005-13TOWN OF TROPHY CLUB, TEXAS
RESOLUTION NO. 2005-13
A RESOLUTION OF THE TOWN COUNCIL OF THE TOWN OF
TROPHY CLUB, TEXAS, EXPRESSING THE INTENT OF THE
TOWN COUNCIL TO CONSIDER PROVIDING TAX
ABATEMENTS FOR ELIGIBLE DEVELOPNIENTS WITHIN THE
TOWN; AND PROVIDING AN EFFECTIVE DATE.
WHEREAS, the Town of Trophy Club is a home rule municipality incorporated
under the Texas Constitution; and
WHEREAS, in order to promote economic development, the Town of Trophy
Club, Texas, desires to consider providing tax abatements to eligible developments
within the Town; and
WHEREAS, the adoption of this Resolution does not obligate the Town to adopt
a tax abatement policy or to grant any specific tax abatement, but rather is an expression
of the Town's intent to consider whether it is feasible and prudent to adopt a tax
abatement policy; and
NOW,THEREFORE, BE IT RESOLVED BY THE TOWN COUNCIL OF
THE TOWN OF TROPHY CLUB, TEXAS, THAT:
Section 1. The above premises are found to be true and correct and are hereby
affirmed and adopted by the Town Council of the Town of Trophy Club.
Section 2. The Town Council of the Town of Trophy Club hereby expresses
its intent to consider providing tax abatements through a properly adopted tax abatement
policy in order to promote economic development for eligible developments within the
Town.
Section 3. Town Staff is hereby authorized to develop a draft of tax
abatement guidelines and criteria for the consideration of Council at a subsequent
meeting. Neither passage of this Resolution nor consideration of such guidelines and
criteria are binding upon the Town Council nor should this action be construed as a
creating any obligation on the part of the Town to adopt a tax abatement policy or to
grant any specific tax abatement request.
Section 4. This Resolution shall become effective immediately upon its
passage.
DULY PASSED AND APPROVED on this the 20th day of June, 2005.
Nick Sanders, Mayor
Town of Trophy Club, Texas
ATTEST:
Town of Trophy Club, Texas
APPROVED AS TO FORM:
Town ~ttorne~.
Town of Trophy Club, Texas
[SEAL]