The City of Coppell
File #: 2017-3685    Version: 1 Name: 531 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 Founders' Crossing LLC, and authorizing the Mayor to sign.
Attachments: 1. 531 Bethel Second Amendment to Tax Abatement - Memo.pdf, 2. 531 Bethel Second Amendment to Tax Abatement - Resolution.pdf, 3. 531 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 Founders’ Crossing LLC, and authorizing the Mayor to sign.

 

Summary

The Ratliff Group is currently operating out of 531 W. Bethel.   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