Commissioners Court Meeting

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Meeting Date:	08/28/2017
NEZ Program
Submitted By:	Melissa Ortega
Department:	Water Utilities

Subject:

Discussion and possible action to approve the continuation of a tax abatement agreement under the Webb County Neighborhood Empowerment Zone (NEZ), Number One Program as previously approved by Commissioners Court on December 8, 2014 for Mr. Roberto Vela/individual sole proprietor of 1920 San Bernardo; due to property converting to a limited liability corporation under the name of San Bernardo & Park LLC under the same owner; and authorizing the County Judge to execute any and all relevant documents; and any other matters incident thereto.

Issue: A tax abatement was previously approved for Mr. Roberto Vela/1920 San Bernardo on December 8, 2014; however it was denied by the Webb County Tax Appraisal District due to property being converted from Roberto Vela, sole proprietor, to San Bernardo and Park LLC. Mr. Vela has provided supporting documentation identifying him as the individual/sole owner of San Bernardo & Park LLC and continuation of this tax abatement has been approved by City of Laredo.

Solution: Approval for conversion of this tax abatement under the name of San Bernardo and Park LLC is necessary for the Webb County Tax Appraisal District to issue the respective tax abatement previously approved under the (NEZ) Number One Program and as approved by City of Laredo.

Result: Approval of this tax abatement conversion to San Bernardo & Park LLC will allow the Webb County Tax Appraisal District to issue the respective tax abatement under the NEZ, Number One Program.

Background:

N/A

Previous Court Action:

12/8/2014 item # 4.15

Fiscal Impact

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

Attachments
City of Laredo Approval Ltr