O-89-2441 - 12/28/1989ORDINANCE NO. 2441
AN ORDINANCE PROVIDING FOR THE CONTINUED TAXATION OF
FREEPORT PROPERTY; PROVIDING FOR A SAVINGS CLAUSE AND
REPEALING CONFLICTING ORDINANCES.
BE IT ORDAINED BY THE COUNCIL OF THE CITY OF ROUND ROCK, TEXAS:
I.
All of that property described in the Texas Constitution,
Article VIII, Sec. 1-j, shall be fully taxable in the City of Round
Rock, Texas beginning January 1, 1990.
II.
A. All ordinances, parts of ordinances, or resolutions in
conflict herewith are expressly repealed.
B. The invalidity of any section or provision of this
ordinance shall not invalidate other sections or provisions thereof.
READ and
of
APPROVED
on first reading this the iq Af'l day
, 1989.
READ, APPROVED and ADOPTED on second reading this the oc,O,,da
of OJL.LIYLkUJ\.4., y
1989.
ATTEST:
/ a
JviNNE LAND, City Secretary
C-48OR12289B
T
MIKE ROBINSON, Mayor
City of Round Rock, Texas
DATE: December 22, 1989
SUBJECT: City Council Meeting, December 28, 1989
ITEM: 9B. Consider an ordinance providing for continued taxation of Freeport
property. (Second Reading)
STAFF RESOURCE PERSON: Bob Bennett
STAFF RECOMMENDATION: Approve the Ordinance making Freeport property
fully taxable.
ECONOMIC IMPACT:
Please see the attached estimate of tax revenue that would be lost
if the property is exempted. The estimate is preliminary and may
be too low. Actual losses may be in the area of $75,000 to $100,000.