The City of Coppell
File #: 2017-3684    Version: 1 Name: 525 Bethel 2nd Amendment to Tax Abatement - Resolution
Type: Resolution Status: Passed
File created: 12/4/2017 In control: City Council
On agenda: 12/12/2017 Final action: 12/12/2017
Title: Consider approval of a Resolution approving the Second Amendment to Tax Abatement Agreement between the City of Coppell and T&J Harris Land Development, LLC, and authorizing the Mayor to sign.
Attachments: 1. 525 Bethel Second Amendment to Tax Abatement - Memo.pdf, 2. 525 Bethel Second Amendment to Tax Abatement - Resolution.pdf, 3. 525 Bethel Second Amendment to Tax Abatement - Agreement.pdf

Title

Consider approval of a Resolution approving the Second Amendment to Tax Abatement Agreement between the City of Coppell and T&J Harris Land Development, LLC, and authorizing the Mayor to sign.

 

Summary

T&J Harris Land Development, LLC, purchased 525 W. Bethel Road from Founders’ Crossing, LLC in 2016.  This Amendment Agreement reduces the minimum Taxable Value for Improvements to $400,000.

 

Fiscal Impact:

[Enter Fiscal Impact Statement Here]

 

Staff Recommendation:

Staff recommends approval.

 

Goal Icon:

 

 

Business Prosperity