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RE 2009-0609.1 RESOLUTIONNO.io09-0bO?/ A RESOLUTION OF THE CITY OF COPPELL, TEXAS, REPEALING RESOLUTION NO. 2008-1209.3 IN ITS ENTIRETY AND REVOKING THE TERMS AND CONDITIONS OF THE TAX ABATEMENT AGREEMENT BY AND BETWEEN THE CITY OF COPPELL, TEXAS AND CARGILL, INe.; AND PROVIDING AN EFFECTIVE DATE. WHEREAS, on or about December 9, 2008, the City Council resolved and approved Resolution No. 2008-1209.3 approving the terms and conditions ofa Tax Abatement Agreement by and between the City of Coppell, Texas and Cargill, Inc., a Texas Corporation, a copy of which is attached hereto and incorporated herein by reference; and WHEREAS, after the approval of Resolution No. 2008-1209.3, said Tax Abatement Agreement was not executed by the City or Cargill; and WHEREAS, based on the foregoing the City Council is of the opinion and finds that Resolution No. 2008-1209.3 should repealed in its entirety and that the terms and conditions of the Tax Abatement Agreement with Cargill should be revoked; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF COPPELL, TEXAS, THAT: SECTION 1. That Resolution No. 2008-1209.3 be, and the same is, hereby repealed in its entirety and the terms and conditions of the Tax Abatement Agreement by and between the City of Coppell, Texas and Cargill, Inc. are hereby revoked. SECTION 2. This Resolution shall become effective immediately from and after its passage. DULY RESOLVED AND ADOPTED by the City Council of the City ofCoppell, Texas, on this the f/''f!.,day of 2009. CITY OF COPPELL, TEXAS ~f-~ JA P RS, MAYOR 1 TM 37083.2.000 ATIEST: ~ad- ffiBYBALL SECRETARY 2 TM 37083.2.000