Background:
SUBJECT: A motion to set a public hearing date for April 20, 2022, regarding the renewal of the tax abatement ordinance.
RECOMMENDATION: A motion to set a public hearing date for April 20, 2022, regarding the renewal of the tax abatement ordinance.
SPECIFIC EXPLANATION:
According to Chapter 312.002 (c) of the Texas tax code, the tax abatement criteria and guidelines are effective for two years from the date adopted. The tax abatement guidelines and criteria were approved by City Council on December 16, 2020 and are set to expire on May 19, 2022.
Pursuant to Section 312.002 (d) of the Texas tax code, before City Council can consider the renewal of the tax abatement ordinance, there must be a public hearing regarding the proposed adoption, amendment, repeal, or reauthorization at which members of the public are given the opportunity to be heard. We recommend a motion to establish a public hearing date of April 20, 2022, to satisfy the public hearing requirement.
Contact Information:
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Andrew F. Icken, Chief Development Officer
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Gwendolyn Tillotson Phone: (832.393.0937)