1990-005ORDINANCE NO. qtl) )
AN ORDINANCE REPEALING ORDINANCE NO. 89-188, TO PROVIDE FOR
RESCISSION OF THE TAXATION OF PROPERTY OTHERWISE EXEMPT UNDER
ARTICLE VIII, SECTION 1-j, TEXAS CONSTITUTION, BEGINNING WITH THE
1991 TAX YEAR; AND DECLARING AN EFFECTIVE DATE.
WHEREAS, Ordinance No. 89-188, provided for the taxation of
property otherwise exempt under Article VIII, Section 1-j of the
Texas Constitution, beginning with tax year 1990; and
WHEREAS, in order to promote economic development within the
City of Denton, the City Council believes it would be in the best
interest to rescind the tax imposed by reason of Ordinance NO. 89-
188 beginning with tax year 1991; NOW, THEREFORE,
THE COUNCIL OF THE CITY OF DENTON HEREBY ORDAINS:
SECTION I. That Ordinance No. 89-188 is repealed, so that in
accordance with Article VIII, Section 1-j of the Texas
Constitution, the property therein described and located in the
City of Denton shall be exempt from taxation beginning January 1,
1991.
SECTION II. That this ordinance shall become effective
immediately upon its passage and approval.
PASSED AND APPROVED this the day of January, 1990.
At~-
RAY OVEIPHEN!i, MAYOR
1j
ATTEST:
JENNIFER WALTERS, CITY SECRETARY
BY:
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APPROVED AS TO LEGAL FORM:
DEBRA ADAMI DRAYOVITCH, CITY ATTORNEY
BY:
ord\8 744