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RES 1996-27TOWN OF TROPHY CLUB, TEXAS RESOLUTION NO. c) h _ 2 7 A RESOLUTION OF THE TOWN COUNCIL OF THE TOWN OF TROPHY CLUB, TEXAS SUPPORTING THE CREATION OF AND PARTICIPATION IN A COALITION OF CITIES TO SUPPORT AND DEFEND THE 4A AND 4B SALES TAX OF ARTICLE 5190.6, V.T.C.S.; PROVIDING AN EFFECTIVE DATE. WHEREAS, the corporations created under Sections 4A and 413 of article 5190.6, V.T.C.S. to administer sales tax have provided hundreds of Texas cities a powerful tool for improving the quality of life and financial security of their citizens through economic development; and WHEREAS, existing laws governing use of sales tax revenues not only uphold local control, but sufficiently restrict the use of non -economic development related projects; and WHEREAS, legislation has been proposed to further restrict uses and to increase State controls and reporting requirements over the 4A and 413 sales tax and municipal tax abatement authority; and WHEREAS, the implementation of these restrictions, rules, and reporting requirements would erode local control and home rule authority in the area of economic development, create inequities among Texas cities, and decrease the ability of Texas communities to compete with other states for development projects. NOW THEREFORE, BE IT RESOLVED BY THE TOWN COUNCIL OF THE TOWN OF TROPHY CLUB, TEXAS: Section 1. The Town of Trophy Club, Texas supports the creation of and authorizes participation in a coalition of sales tax and sales tax eligible cities to work cooperatively to defend the sales tax and other measures utilized by Texas cities to encourage economic development in their communities. Section 2. The purpose and goals of the coalition are recognized as follows: a. Actively oppose legislation that reduces local control of the 4A and 413 sales tax receipts. b. Monitor tax abatement legislation and oppose any further restriction upon municipal sales tax authority. C. Identify and promote "best practices" resulting from economic development experiences. -1- DOC #: 438597 Section 3. The Town supports the following strategies for the coalition: a. Obtain approval of purpose and strategy by each city's Council. b. A steering committee will be comprised of a Council member from each city, with city managers and economic development directors serving as ex -officio members. Each city shall have one vote. C. Invite other cities to join the coalition. d. Adopt a position paper. e. Attempt to encourage state-wide organizations such as the Texas Municipal League and the Texas Economic Development Commission to support the coalition's activities or be neutral on 4A or 4B legislation. f. Hire a legislative liaison. Section 4. This Resolution shall take effect from and after its date of adoption. PASSED AND APPROVED by the Town Council of the Town of Trophy Club, Texas this the 17th day of De m r , 1996. , Town of Tydphy Club, Texas ATTEST: Town Secretary, Town of Trophy Club, Texas APPROVED AS TO FORM: 4ownorkey, Tphy Club, Texas -2- DOC #: 438597