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2007-10-08 CITY COUNCIL PUBLIC HEARING MEETING MINUTESPUBLIC HEARING OF THE CITY COUNCIL OF THE CITY OF PEARLAND, TEXAS, TO BE HELD ON MONDAY, OCTOBER 8, 2007, AT 6:30 P.M. IN THE COUNCIL CHAMBERS, CITY HALL, 3519 LIBERTY DRIVE, PEARLAND, TEXAS. Mayor Reid called the meeting to order at 6:36 p.m. with the following present: Mayor Tom Reid Mayor Pro -Tem Steve Saboe Councilmember Woody Owens Councilmember Helen Beckman Councilmember Kevin Cole Assistant City Manager Mike Hodge City Attorney Darrin Coker City Secretary Young Lorfing Absent: Councilmember Felicia Kyle. Others in attendance: Nick Finan Assistant City Manager and Claire Manthei Finance Director. PURPOSE OF HEARING — PUBLIC COMMENT AND TESTIMONY REGARDING THE CITY'S INTENT TO OPT OUT OF THE SUPER FREEPORT PROPERTY TAX EXEMPTION FOR CERTAIN TANGIBLE PERSONAL PROPERTY AS ENACTED BY TEXAS HOUSE BILL 621. STAFF REVIEW REGARDING THE CITY'S INTENT TO OPT OUT OF THE SUPER FREEPORT PROPERTY TAX EXEMPTION FOR CERTAIN TANGIBLE PERSONAL PROPERTY AS ENACTED BY TEXAS HOUSE BILL 621. Mr. Bill Eisen, City Manager. Director of Finance Claire Manthei stated House Bill No. 621 enacts the Super Freeport Exemption. The bill exempts from property taxes any tangible personal property that is located at a site for less than 175 days and is not under control of the property owner. Unlike freeport goods, an exemption under current law, super freeport goods need not be shipped out of State of Texas in order to qualify for the tax exemption. The exemption automatically applies unless the City holds a Public Hearing to allow citizens to be heard and adopts a Resolution or Ordinance stating it wishes to continue taxing these items. If, in the future, the City decides to enact the Super Freeport Property Tax Exemption, a Resolution or Ordinance can be created to do so. CITIZEN COMMENTS: None. COUNCIL/STAFF DISCUSSION: None Page 1 of 2 — 10/8/2007 ADJOURNMENT Meeting was adjourned at 6-40 p.m. Minutes approved as submitted and/or corrected this the 22 d day of October, A.D., 2007. ALA ATTFS`T. "4 ing, T i•-1 u n•e in, T v S ry ity gcretary Tom Reid Mayor Page 2 of 2 — 10/8/2007