1992-049City of Southlake, Texas
RESOLUTION NO. 92-49
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF SOUTHLAKE, TEXAS, ADOPTING A TAX ABATEMENT
AND INCENTIVE POLICY STATEMENT; AND PROVIDING
AN EFFECTIVE DATE.
WHEREAS, the City Council of the City of Southlake feels it
would be in the best interest of the citizens of Southlake to adopt
a policy statement in regards to Tax Abatements and other
incentives for commercial development; now
NOW THEREFORE, be it resolved by the City Council of the City
of Southlake, that:
The City of Southlake is committed to the development of
high quality commercial growth. The City will on a case
by case basis consider granting incentives to stimulate
economic growth. Southlake would be interested in
considering tax abatements or other incentives based on
the increased value added to a specific site by a
specific development proposal that meets the City's
goals.
PASSED AND APPROVED BY THE/ CITY COUNCIF THE CITY OF
SOUTHLAKE, TEXAS, on this the to day of d ,
1992.
0 • F ''.s APPROVED:
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andra L. LeGrand
City Secretary
APPROVED AS TO LEGAL FORM:
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Attorney at Law