HomeMy WebLinkAboutReso 217-14 Taz Reimb Program Extend RESOLUTION NO. 217 -14
A RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF DUBLIN
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 of 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, in December 2010, the City Council adopted Resolution No. 172-10, approving a
two-year extension to the Program's termination date, setting the new termination date as January 9,
2013; and
WHEREAS, in July 2012, the City Council adopted Resolution No. 135-12, approving revisions
to the Program to change the project qualifications to meet economic development needs for the City
and a two-year extension to the Program's termination date, setting the new termination date as
January 5, 2015; and
NOW, THEREFORE BE IT RESOLVED that the City Council of the City of Dublin does hereby
amend Resolution No. 135-12 to provide that the Program shall terminate on January 6, 2020.
PASSED, APPROVED AND ADOPTED this 16th day of December, 2014 by the following vote:
AYES: Councilmembers Biddle, Gupta, Hart, and Mayor Haubert
NOES: None
ABSENT: None
ABSTAIN: None
Mayor
ATTEST: t c„11--
City Clerk
Reso No.217-14,Adopted 12-16-14, Item 4.8 Page 1 of 1