Loading...
ORD 1496 06/24/2005 Apdating he Tax Abatement Policy1 Of C/@ V O rex�s "City of Choice" ORDINANCE NO. 1496 AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF CIBOLO, TEXAS AMENDING ORDINANCE 1265 AND UPDATING THE TAX ABATEMENT POLICY OF GUIDELINES AND CRITERIA FOR GOVERNING TAX ABATEMENT INCENTIVES PURSUANT TO CHAPTER 312 OF THE TEXAS TAX CODE WITHIN THE CITY LIMITS OF CIBOLO AND ITS EXTRATERRITORIAL JURISDICTION; AND SETTING AN EFFECTIVE DATE. WHEREAS, the City of Cibolo, Texas ("City") wishes to support promotion of economic development programs within its jurisdictional limits; and WHEREAS, Chapter 312.002(a) of the Texas Tax Code requires the City, as a prerequisite to granting and executing any tax abatement agreement, to publicly declare its intent to elect to participate in tax abatement; and WHEREAS, the City Council of the City of Cibolo adopted Ordinance 1265 on May 14, 2019, to include in its Economic Development Incentives Program provisions for granting tax abatements according to Chapter 312 of the Texas Tax Code; and WHEREAS, the City Council of the City of Cibolo has reviewed the Tax Abatement Policy of Guidelines and Criteria and now wishes to amend such policy: NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF CIBOLO, TEXAS THAT: SECTION 1. The City Council hereby publicly elects to continue to participate in tax abatement and amends The Tax Abatement Policy of Guidelines and Criteria, attached hereto as Exhibit A for granting tax abatements within the City of Cibolo, Texas and its extraterritorial jurisdiction and the Guidelines and Criteria hereby adopted pursuant to Section 312.002 (a) of the Texas Tax Code. SECTION 2. INCORPORATION OF RECITALS. The City hereby finds that the statements set forth in the recitals of this Ordinance are true and correct, and the City hereby incorporates such recitals as findings of fact. SECTION 3. SEVERABILITY. If any provision of this Ordinance or the application thereof to any circumstance shall be held to be invalid, the remainder of this Ordinance and the application thereof to other circumstances shall nevertheless be valid, and this governing body hereby declares that this Ordinance would have been enacted without such invalid provision .SECTION 4. EFFECTIVE Pcd 259610 V3 I DATE. This Ordinance will become effective immediately following adoption by the City Council of the City of Cibolo. PASSED, APPROVED,AND ADOPTED ON THIS 24TH DAY OF JUNE. 2025. CITY OF CIBOLO Mark Allen Mayor ATTEST Peggy Cimics, TRMC City Secretary Pcd 25%10 V3 Denton Navarro Rodriquez Bernal Santee & Zech