Title
Approving a resolution with the caption reading: Resolution of the City of Pflugerville, Texas, electing to become eligible to participate in tax abatement under Texas Tax Code, Chapter 312 and adopting Tax Abatement Guidelines.
Summary
Approving a resolution with the caption reading: Resolution of the City of Pflugerville, Texas, electing to become eligible to participate in tax abatement under Texas Tax Code, Chapter 312 and adopting Tax Abatement Guidelines.
Prior City Council Action
The guidelines were most recently adopted by Resolution No. 1289-11-06-14-0039 on June 14, 2011 which is attached for your reference.
Deadline for City Council Action
Tax abatement guidelines must be approved every five years.
Funding Expected: Revenue __ Expenditure __ N/A X
Budgeted Item: Yes __ No __ N/A X
Amount: ________
1295 Form Required? Yes __ No X
Legal Review Required: N/A __ Required _x_ Date Completed: __11/17/2020_________
Supporting documents attached:
Proposed Resolution with Exhibit A - Tax Abatement Guidelines
Tax Abatement Guidelines - Redlined
Recommended Action
Approve the resolution adopting Tax Abatement Guidelines.