HomeMy WebLinkAbout24-822RESOLUTION NO. 24-822
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DENTON, TEXAS,
APPROVING THE ESTABLISHMENT OF POLICIES, GUIDELINES, AND CRITERIA
GOVERNING CHAPTER 380 INCENTIVES; AND DECLARING AN EFFECTIVE DATE.
WHEREAS, the City Council desires to promote economic development within Denton;
and
WHEREAS, Chapter 380 of the Local Government Code allows the City to establish
programs to promote state or local economic development and to stimulate business and
commercial activity in the City, including programs for providing tax rebates, loans and grants of
public money; and
WHERAS, this policy seeks to promote economic development, increase employment, and
stimulate business and commercial activity within the City of Denton for the benefit of the public
and therefore meets the requirements under Chapter 380 of the Texas Local Government Code;
and
WHEREAS, on May 3, 2022, the City Council of the City of Denton approved the current
guidelines and criteria, known as the Denton Chapter 380 Policy (“Policy”), by passing Resolution
No. 22-357; and
WHEREAS, the City Council deems it in the public interest to continue to be eligible for
participation in incentives and to adopt policies, guidelines, and criteria for tax incentives; NOW,
THEREFORE,
THE COUNCIL OF THE CITY OF DENTON HEREBY RESOVLES:
SECTION 1. The policies, guidelines, and criteria, set forth in Exhibit A, which is made a
part of this Resolution and incorporated herein for all purposes, are approved and adopted, and
shall be known as the Denton Chapter 380 Policy.
SECTION 2. From and after the effective date of this Resolution, the attached Denton
Chapter 380 Policy shall constitute the policies, guidelines, and criteria for incentive agreements
for the City of Denton in accordance with Chapter 380 of the Local Government Code.
SECTION 3. The City Council reasserts its decision to participate in Chapter 380
Agreements and other incentives. The City Council provides certain incentives to applicable
business enterprises which are established in the City in accordance with the applicable provisions
of Chapter 380 of the Local Government Code and in accordance with the Denton Chapter 380
Policy
SECTION 4. This Resolution shall become effective immediately upon its passage and
approval.
The motion to approve this resolution was made by (1 hr:5 k,> i++ and
seconded by Br :' a _ Brc k , the resolution was passed and approved by
the following vote k - r ] :
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Nay Abstain Absent
Mayor Gerard Hudspeth:
Vicki Byrd, District 1 :
Brian Beck. District 2:,//
Paul Meltzer . District 3 :-L
Joe Holland. District 4:,/
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Brandon Chase McGee, At Large Place 5 :
Chris Watts, At Large Place 6:
PASSED AND APPROVED this the _Z day of , 2024.
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ATTEST:
LAUREN THODEN, CITY SECRETARY
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LJHAPPROVED AS TO LEGAL FORM:
MACK REINWAND, CITY ATTORNEY
Scott Bray
2024.04.30 16:44:39
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DEPUTY CITY ATTORNEY