2006T42-Tax Abatement
ORDINANCE NO.
06-T-42
BY THE CITY COUNCIL OF THE CITY OF SCHERTZ, TEXAS,
ESTABLISHING THE INTERNATIONAL SUPPLY CONSORTIUM, LLC
REINVESTMENT ZONE.
WHEREAS, Section 312 of the Texas Property Tax Code allows the creation of
Reinvestment Zones; and
WHEREAS, the property (hereinafter called the "Property") is owned by
International Supply Consortium, LLC, described as Doerr Lane Subdivision, Block 1,
Lots 1 and 2, Schertz, Texas, Comal County; and
WHEREAS, it is the belief of the City Council that by establishing the
International Supply Consortium, LLC Reinvestment Zone, it is reasonably likely to
contribute to the retention or expansion of primary employment or to attract major
investment in the zone that would benefit the property and would contribute to the
economic development of the property; and,
WHEREAS, it has been the stated policy of this Council to support and promote
the economic development of this community; and,
WHEREAS, a Public Hearing was held to receIve public comments on
I
NOW THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF
SCHERTZ, TEXAS:
THAT, the City Council of the City of Schertz hereby establishes the
International Supply Consortium, LLC Reinvestment Zone under the provisions of
Section 312 of the Texas Property Tax Code.
Approved on first reading the
day of
2006.
PASSED, APPROVED AND ADOPTED this the
ATTEST:
,2006.
Mayor, City of Schertz, Texas