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OR 89-459 Option to tax property exempted under sec.11.251 AN ORDINANCE OF THE CITY OF COPPELL, TEXAS ORDINANCE NO. 89459 AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF COPPELL, TEXAS, TO EXERCISE ITS OPTION TO TAX THAT PROPERTY EXEMPTED UNDER SECTION 11,251, TEXAS PROPERTY TAX CODE, AND ARTICLE VIII, SECTION l-j, TEXAS CONSTITUTION. WHEREAS, Article VIII, Section l-j, Subsection (a) of the Texas Constitution and Section 11.251 of the Texas Property Tax Code exempts from taxation certain tangible personal property referred to as "freeport goods" unless the governing body of the taxing authority elects to tax said property; and WHEREAS, the exemption of said "freeport goods" from taxation by the City of Coppell would result in the loss of needed revenues to the City and an unfair shift of the tax burden to the homeowner and local businessman; and WHEREAS, Article VIII, Section l-j, Subsection (b) of the Texas Constitution authorizes the City Council of the City of Coppell to exercise its option to tax said "freeport goods." NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF COPPELL, TEXAS: That the City of Coppell elects to tax that tangible personal property described in Article VIII, Section l-j, Subsection (a), Texas Constitution, and Section 11,251, Texas Property Tax Code, which would otherwise be exempt. DULY PASSED by the City Council of the City of Coppell, Texas, on the 12th day of December , 1989. APPROVED: Mark Wolfe, Mayor ATTEST: Dorothy Timmons, City Secretary I APPROVED AS TO FORM: City Attorney CO89-1127 L WJ/sb