RE 2009-0609.2
RESOLUTION NO. 200?- Ob09. L
A RESOLUTION OF THE CITY OF COPPELL, TEXAS,
REPEALING RESOLUTION NO. 2008-1209.2 IN ITS ENTIRETY AND
REVOKING THE TERMS AND CONDITIONS OF THE TAX
ABATEMENT AGREEMENT BY AND BETWEEN THE CITY OF
COPPELL, TEXAS AND KTR COPPELL, LLC; AND PROVIDING AN
EFFECTIVE DATE.
WHEREAS, on or about December 9, 2008, the City Council resolved and approved
Resolution No. 2008-1209.2 approving the terms and conditions of a Tax Abatement Agreement by
and between the City ofCoppell, Texas and KTR Coppell, LLC, a Texas limited liability company,
a copy of which is attached hereto and incorporated herein by reference; and
WHEREAS, after the approval of Resolution No. 2008-1209.2, said Tax Abatement
Agreement was not executed by the City or KTR Coppell; and
WHEREAS, based on the foregoing the City Council is of the opinion and fmds that
Resolution No. 2008-1209.2 should repealed in its entirety and that the terms and conditions of the
Tax Abatement Agreement with KTR Coppell should be revoked;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OFCOPPELL, TEXAS, THAT:
SECTION 1. That Resolution No. 2008-1209.2 be, and the same is, hereby repealed in its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 KTR Coppell, LLC 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 ~y of 2009.
CITY OF COPPELL, TEXAS
~~
JA TERS, MAYOR
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