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1~ Resolu~on
Attachment A
CITY OF FORT WORTH
COUNCIL RESOLUTION NO. /~/
WHEREAS, Fine Line, Inc. and Sundance Square have requested that the City
of Fort Worth enter into a Tan Abatement Agreement by and between the Citp of
Fort Worth and Fine Line, Inc, and Sundance Square; and
WHEREAS, the Citp Council gave public notice and conducted a public hearing
to receive comments regarding the proposed Tax Abatement Agreement; and
WHEREAS, all affected taxing units were notified of this public hearing and
the proposed tan abatement agreement; and
WHEREAS, upon full review and consideration of the Agreement, and all
matters attendant and related thereto, the City Council is of the opinion that
the terms and conditions thereof should be approved, and that the Citp Manager
shall be authorized to execute it on behalf of the City of Fort Worth;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY CODNCIL OF THE CITY OF FORT
WORTB, TEXAS:
A. THAT the subject propertp that is described in the Agreement is located
within Taa Abatement Reinvestment Zone No. One (1), which was established
by Citp Ordinance No. 10281.
B. THAT the Citp Council finds that the project is feasible and practical, the
best use of the site and in the best interest to the Citp after the
expiration of the tan abatement agreement.
C. THAT the Citp Council finds that notice of this public hearing and copies
of the attached proposed Taz Abatement Agreement were mailed by certified
mail to all affected taring waits is accordance with state law. '
D. THAT the Citp Council finds that the terms and conditions of the Agreement
and the propertp subject to the Agreement, having been reviewed by the City
Council of the Citp and found to be in accordance with the Police Statement
for Tax Abatement to Qualifying Downtown Residential Projects established
by Citp Resolution No. 1401 and the provisions of Subchapter B, Municipal
Taa Abatement - Local Tar Code, Yernon's Texas civil Statutes, Sections
312.201 through 312.209, and found to be acceptable and in the best
interests of the Citp of Fort Wozth and its citizens, are hereby in all
things approved.
CI'T'Y OF FORT WORTfi
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~~ E. THAT the City Manager is hereby authorized to eaecute and deliver the ~•~
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Agreement aad all other documents in connection therewith on behalf of the
City of Fort Worth, substantially according to the terms and conditions set ~.~ ~
forth in the Agreement at the appropriate time and as approved by the City '~
Attorney or his assistant.
F. THAT this resolution shall take effect from and after its final date of
adoption, and it is accordingly so ordered.
. ADOPTED HY THE CITY COIINCIL OF THE CITY OF FORT
NORTA, TE}IAS, this 25th dap of July, A.D., 1989.
Bob Bolen
Mayor
ATTEST:
City Secretary
APPROVED AS TO FORM:
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CITY ATTORNEY
APPROVED BY
C111' COUNCIt
JUl 25 1989
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