RE 2017-1212.4RESOLUTION NO. 2017-1212.4
A RESOLUTION OF THE CITY OF COPPELL, TEXAS, APPROVING THE
TERMS AND CONDITIONS OF THE FIRST AMENDMENT TO TAX ABATEMENT
AGREEMENT BY AND BETWEEN THE CITY OF COPPELL, TEXAS, AND BIO
WORLD MERCHANDISING, INC.; AUTHORIZING ITS EXECUTION BY THE
MAYOR; AND PROVIDING AN EFFECTIVE DATE.
WHEREAS, the City entered into a Tax Abatement Agreement with Bio World
Merchandising, Inc. on May 2, 2017; and
WHEREAS, the City Council has been presented a proposed First Amendment to Tax
Abatement Agreement by and between the City of Coppell, Texas, and Bio World Merchandising,
Inc., a copy of which is attached hereto and incorporated herein by reference; and
WHEREAS, upon full review and consideration of the First Amendment to Tax
Abatement Agreement, and all matters related thereto, the City Council is of the opinion and finds
that the terms and conditions thereof should be approved, and that the Mayor should be authorized
to execute the First Amendment to Tax Abatement Agreement on behalf of the City of Coppell,
Texas;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF COPPELL, TEXAS, THAT:
SECTION 1. The First Amendment to Tax Abatement Agreement attached hereto having
been reviewed by the City Council of the City of Coppell, Texas, and found to be acceptable and
in the best interest of the City and its citizens, be, and the same is hereby, in all things approved,
and the Mayor is hereby authorized to execute the First Amendment to Tax Abatement Agreement
on behalf of the City of Coppell, Texas.
SECTION 2. This Resolution shall become effective immediately from and after its
passage.
DULY RESOLVED AND ADOPTED by the City Council of the City of Coppell, Texas,
on this the 12th day of December, 2017.
CITY ZCOP L,TE S
KARtN HUNT, MAYO,
ATTEST:
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'iev d
efiRISTEL PETTING , CITY SECREYARY
APPROV S TO FO
CIT TORNEY
(PGS:12-7-17:2.93872)
EXHIBIT "A"
(Copy of First Amendment to Tax Abatement Agreement to be attached)