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12.

Meeting Date:	06/23/2014
Webb County Neighborhood Empowerment Zone
Submitted for:	Andrea Arellano	Submitted By:	Andrea Arellano, Commissioner Precinct 2
Department:	Commissioner Precinct 2

Subject:

Discussion and possible action to approve the Neighborhood Empowerment Zone, Number One, tax abatement policy and basic incentives as adopted by the City of Laredo and recognizing the City of Laredo's findings of public benefit and public purpose to support the creation of the zone in the downtown and heights area within the City of Laredo for the purpose of economic development; and designating the County Judge to sign all pertinent documents. [Requested by Juan Vargas, Economic Development Executive Director]

Background:

Mr. Ed Ramirez made a presentation at Commissioner's Court regarding the City of Laredo's Neighborhood Empowerment Zone (NEZ) on July 22, 2-13.

Previous Court Action:

July 22, 2013; Item #12 & May 27, 2014; item #18

Fiscal Impact

Budget Account Number:	N/A
Funding Source:	N/A
Balance:	N/A
Financial Impact:
No impact to the general fund.

Attachments
C:\Users\alarellano\Desktop\NEZTax AbatePolicy # 2.docx