HomeMy WebLinkAboutReso 172-10 Sales Tax ReimbRESOLUTION NO. 172-10
A RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF DUBLIN
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EXTENDING THE TERMINATION DATE OF THE CITY'S SALES TAX REIMBURSEMENT
PROGRAM
WHEREAS, one of the City Council's Fiscal Year 2009-2010 High Priority Goals and
Objectives included the development an Economic Incentive Program; and
WHEREAS, in January 2009, the City Council adopted Resolution No. 09-09,
establishing the Sales -Tax Reimbursement Program ("Program") to stimulate economic
development activities in the City; and
WHEREAS, in October 2009, the City Council adopted Resolution No. 149-09, revising
and restating the Program to permit the option of a ten (10) year reimbursement period for
participants that generate $500,000 in sales tax revenue for the City each year; and
WHEREAS, Resolution No. 149-09 established a termination date for the Program of
January 9, 2011.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Dubtin does
hereby amend Resolution No. 149-09 to provide that the Program shall terminate on January 9,
2013.
PASSED, APPROVED AND ADOPTED this 7th day of December, 2010 by the following
vote
AYES: Councilmembers Biddle, Hart, Hildenbrand, Swalwell, and Mayor Sbranti
NOES: None
ABSENT: None
ABSTAIN: None
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Mayor
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, , :f~ity Clerk
Reso No. 172-10, Adopted 12-7-10, Item 7.2 Page 1 of 1