HomeMy WebLinkAboutResolution 2000-049
RESOLUTION NO. 2000-049
WHEREAS, the economic viability of the City of North Richland Hills
depends on the City's ability to attract new investment through the location of
new industry and the expansion of existing industry, and;
WHEREAS, the creation and retention of job opportunities that result from
new economic development is the highest civic priority, and;
WHEREAS, the Texas Property Redevelopment and Tax Abatement Act
authorizes cities that have adopted "Guidelines and Criteria" for the designation
of reinvestment zones for the purposes of tax abatement to participate in such
tax abatement, and;
WHEREAS, the City of North Richland Hills City Council readopted such
Guidelines and Criteria by resolution on March 24, 1997 and amended them on
September 22, 1997, and;
WHEREAS, the City of North Richland Hills City Council has designated
Lot 1 R, Block 1, of the Tapp Addition on maps submitted to the City by Pretty
M.T., LP as a reinvestment zone, and;
WHEREAS, Pretty M.T., LP on behalf of Spectrum Integrated Services,
Inc. has requested tax abatements for improvements to be constructed in the
reinvestment zone, and;
WHEREAS, the planned real property improvements will have an
estimated total value of $4,380,000 and Software Spectrum will hire 600
employees of which 95% are full-time at the facilities on which taxes will be
abated, and;
WHEREAS, the City Council finds that the request for tax abatement by
Pretty M.T., LP meets the applicable City Guidelines and Criteria, adopted March
24, 1997 (and amended September 22, 1997), and requirements of the Texas
Property Redevelopment and Tax Abatement Act, and;
WHEREAS, the City Council finds that the approval of the proposed tax
abatement will not have a substantially adverse effect on the provision of
government services or tax base, that the applicant has sufficient financial
capacity to carry out the project, that the planned use of the property does not
constitute a hazard to public safety, health or morals, and that the planned use of
the property does not violate other codes or laws, and;
WHEREAS, the City Council has held a public hearing in compliance with
the City Guidelines and Criteria to provide other affected jurisdictions with an
opportunity to show cause to the City Council for denying the application for tax
abatement by Pretty M.T., LP and that no such cause was demonstrated.
NOW, THEREFORE BE IT RESOLVED that the City of North Richland
Hills City Council does hereby approve the application by Pretty M.T., LP for tax
abatement associated with the improvements described in its application for such
abatement, dated April 26,2000, and;
BE IT FURTHER RESOLVED that the City of North Richland Hills City
Council does hereby authorize the City Manager to execute the contract and
other documents, as necessary, to implement an agreement for the abatement of
taxes on $4.38 million of Pretty M.T., LP's investment in accordance with the
Guidelines and Criteria.
Passed by the City Council this 10th day of July, 2000.
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Charles Scoma, Mayor,
City of North Richland Hills, Texas
ATTEST:
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. -Patricia Hutson, City Secretary
APPROVED AS TO FORM AND LEGALITY: