Resolution 94-29
RESOLUTION NO. ;r_'j~d q
A RESOLUTION OF THE CITY OF WYLIE, TEXAS, ESTABLISHING THE INTENT OF
THE CITY OF WYLIE, TEXAS TO ENTER INTO A TAX ABATEMENT AGREEMENT BY
AND BElWEEN THE CITY OF WYLIE, TEXAS, THE WYLIE INDEPENDENT SCHOOL
DISTRICT, THE COUNTY OF COLLIN, THE COLLIN COUNTY COMMUNITY COLLEGE
DISTRICT AND SANDEN, USA, INe. (SANDEN).
WHEREAS, the City of Wylie approved a resolution July 13, 1993 adopting guidelines
for the granting of tax abatement as an economic development incentive; and,
WHEREAS, the City of Wylie has been presented with a letter, dated September 15,
1994, from Sanden International, Inc. that formally requests assistance in obtaining the
appropriate tax abatements from the City of Wylie; and,
WHEREAS, adoption of this Resolution of Intent is necessary to proceed with
development of an agreement by and between the City of Wylie, Texas, the Wylie Independent
School District, the County of Collin, the Collin County Community College District and Sanden.
Establishing a reinvestment zone in the City of Wylie, Texas, and providing for an industrial tax
abatement for Sanden.
WHEREAS, the City Manager shall be authorized to negotiate the terms and conditions,
consistent with adopted guidelines, an tax abatement agreement on behalf of the City of Wylie
and shall submit the agreement for full review and consideration by the City Council;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
WYLIE, TEXAS:
Sec60n 1. The intent of the City of Wylie to enter into a tax abatement agreement by and
between the City of Wylie, Texas, the Wylie Independent School District, the County of Collin,
the Collin County Community College District and Sanden, is hereby established.
Sec60n 2. The City Manager is hereby authorized to negotiate on behalf of the City of
Wylie, the terms and conditions of a tax abatement agreement, consistent with adopted guidelines,
and will submit said agreement for full review and consideration by the City Council.
Duly passed and approved by the City Council of the City of Wylie on this the 25th day of
October, 1994.
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Attest