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RE 2017-1212.6RESOLUTION NO. 2017-1212.6 A RESOLUTION OF THE CITY OF COPPELL, TEXAS, APPROVING THE TERMS AND CONDITIONS OF THE SECOND AMENDMENT TO TAX ABATEMENT AGREEMENT BY AND BETWEEN THE CITY OF COPPELL, TEXAS, AND T&J HARRIS LAND DEVELOPMENT, LLC, A TEXAS LIMITED LIABILITY COMPANY; AUTHORIZING ITS EXECUTION BY THE MAYOR; AND PROVIDING AN EFFECTIVE DATE. WHEREAS, the City entered into a Tax Abatement Agreement with Founders' Crossing, LLC on November 23, 2015, with respect to 525 Bethel Road, Coppell, Texas ("Tax Abatement Agreement"); and WHEREAS, Founders' Crossing, LLC assigned the Tax Abatement Agreement to T&J Harris Land Development, LLC, to which the City consented; and WHEREAS, the City entered into a First Amendment to Tax Abatement Agreement with T&J Harris Land Development, LLC dated January 13, 2017 (the "First Amendment") amending the definition of "First Year of Abatement"; and WHEREAS, the City Council has been presented a proposed Second Amendment to Tax Abatement Agreement with respect to 525 Bethel Road, Coppell, Texas, by and between the City of Coppell, Texas, and T&J Harris Land Development, LLC, a Texas limited liability company, a copy of which is attached hereto and incorporated herein by reference; and WHEREAS, upon full review and consideration of the Second 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 Second 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 Second 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 Second Amendment to Tax Abatement Agreement on behalf of the City of Coppell, Texas. 1 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 day of ?017 7m7 TO FORM: CITY ATTORNEY (PGS:10-24-17:2.92571) ATT T: STEL PETTINOS, CITY SECRFJARY EXHIBIT "A" (Copy of Second Amendment to Tax Abatement Agreement to be attached)