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 Uvalde
 Code of Ordinances
 Title 3. REVENUE AND FINANCE
 Chapter 3.24. TAX ABATEMENT AGREEMENTS

  § 3.24.020. City-wide stimulus/abatement plan.  

Latest version.

  • A.

    Land and Commercial Building Renovations for Tax Abatement.

    Year 1 100%
    Year 2 80%
    Year 3 60%
    Year 4 40%
    Year 5 20%

     

    B.

    Personal Property for Tax Abatement and Percent of Tax Abatement.

    Year 1 100%

     

    C.

    The city manager or city manager's designee shall determine and distribute application requirements, policies, and procedures, that can amended throughout the term of this section, to determine the eligibility of any applicant for tax abatement ("applicant").

    D.

    Application requirements shall include, but shall not be limited to, the payment of the application fee determined throughout the term of this section, a financial impact analysis, and other matters necessary for tax abatement consideration by the city council.

    E.

    The city manager or the city manager's designee shall be entitled to request evidence, at any time, that the applicant has complied with the application for tax abatement and other information necessary to determine the validity of a tax abatement granted by the city and that the tax abatement should continue.

    F.

    The city and applicant must execute a tax abatement agreement approved by the city council prior to the grant of a tax abatement.

    G.

    In the event of a default under a tax abatement agreement, the city shall be entitled to exercise all rights and privileges provided under law and equity to terminate the tax abatement and to recoup tax previously abated by the city.

    H.

    This section is not a contract or obligation on the city to grant tax abatement, but allows the city to grant a tax abatement based on criteria established in this section, the application requirements, policies, and procedures promulgated by the city manager or the city manager's designee, and a tax abatement agreement approved by the city council on a case by case basis.

    (Ord. No. 2009-08, § 2, 4-28-2009)

    Note— In accordance with state law, these guidelines are effective for five years from the date adopted by the city council, but may be renewed, amended or repealed by a vote of three-fourths of the city council.
      Any property tax abatements granted under the provisions of this section shall be permitted to continue according to the abatement schedule, even if this section expires or is repealed.