Minutes January 30, 1996180
CITY OF DENTON CITY COUNCIL MINUTES
JANUARY 30, 1996
The Council convened into a joint session with the Denton
Independent School District on January 30, 1996 at 5:30 p.m. in the
Assembly Room DISD Central Services, 1307 N. Locust Street, Denton,
Texas, at which the following was considered:
PRESENT: Mayor Castleberry; Council Members Brock, Cott, Krueger,
and Young.
ABSENT: Mayor Pro Tem Biles and Council Member Miller
1. The Council received a report and held a discussion regarding
tax abatement.
Betty McKean, Executive Director for Municipal Services/Economic
Development, provided an overview of the current policy on tax
abatement and the PHH Fantus study.
2. The Council received a report and held a discussion regarding
the economic development environment.
Rick Svehla, Acting City Manager, discussed the "tool box" and
other related economic development tools.
3. The Council received a report and hold a discussion regarding
tax increment financing.
Herb Prouty, City Attorney, discussed the application of tax
increment financing (TIF) and the formula for stimulating economic
development and public infrastructures.
4. The Council received a report and held a discussion regarding
future meetings.
Mayor Castleberry stated that the next joint meeting would be
hosted by the City on April 10th at noon.
With no further business, the meeting was adjourned at 8:15 p.m.
DEPUTY CITY SECRETARY
CITY OF DENTON, TEXAS
BO~EBERRY, MAYORfOR/'
CITY OF DENTON, TEXAS/ ~
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ACCO02F7