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R97-21 03-31-97RESOLUTION NO. R97-21 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PEARLAND, TEXAS, REPEALING CITY OF PEARLAND RESOLUTION NO. R89-41 ADOPTED ON DECEMBER 11, 1989, PERTAINING TO THE TAXING OF CERTAIN PERSONAL PROPERTY TEMPORARILY IN THE STATE THAT WOULD OTHERWISE BE EXEMPT FROM AD VALOREM TAXATION. WHEREAS, Article VIII, Section 1-j of the Texas Constitution provides for the exemption of personal property temporarily in the State from ad valorem taxation under certain circumstances unless a home rule municipality takes official action providing otherwise; and WHEREAS, on or about December 11, 1989, the City Council of the City of Pearland, Texas, adopted Resolution No. R89-41 providing for the taxation of personal property temporarily in the State which would otherwise be exempt pursuant to said Article VIII, Section 1-j of the Texas Constitution; and WHEREAS, in order to promote the economic growth and well-being of the City of Pearland, the City Council finds it to be in the best interests of its citizens and the general public to reinstate the aforedescribed exemption from taxation; now, therefore, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PEARLAND, TEXAS: Section 1. That the recitals contained in the preamble of this Resolution are hereby adopted and confirmed. Section 2. That City of Pearland, Texas, Resolution No. R89-41, adopted on December 11, 1 989, pertaining to the taxing of certain personal property temporarily in the State otherwise exempt from ad valorem taxation, is hereby repealed. This RESOLUTION NO. R97-21 exemption from taxation pursuant to Article VIII, Section 1 -j of the Texas Constitution, commonly referred to as the Freeport Exemption, shall apply to each tax year beginning 1998. Section 3. All resolutions or parts of resolutions inconsistent or in conflict herewith, to the extent of such inconsistency or conflict, are hereby repealed. PASSED, APPROVED and ADOPTED this the ,-~ J~l'day of '~"7~ , A.D., 1997. ATTEST: TOM REID MAYOR APPROVE~. S TO FORM: CiTY AT.TDR'NEY~-'~ 2