Sec. 33-33. Incentives available in enterprise zones.

To the fullest extent allowed by law, the following local incentives, at the election of the City Council, may be made available to projects or activities in an enterprise zone, including without limitation nominated projects or activities of qualified businesses in an enterprise zone:

(a)   The city may abate taxes on the increase in value of real property improvements and eligible personal property that locate in a designated enterprise zone. The level of abatement shall be based upon the amount of capital investment by the business receiving the abatement, the extent to which the business receiving the abatement creates jobs for qualified employees, and any other applicable criteria set forth in the City's Amended and Restated Criteria and Guidelines for Tax Abatement, as same may from time to time be amended by the City Council.

(b)   The City may provide:

1.   Incentives as allowed under the 4A sales tax;
2.   Grants or incentives through Chapter 380 agreements, including without limitation incentives based on the refunding of local sales tax;
3.   Other tax deferrals, tax refunds or tax incentives.

(c)   The City may create Tax increment Reinvestments zones to aid in the revitalization of areas with Tax Increment Financing.

(d)   The City may provide regulatory relief to businesses, including:

1.   Zoning changes or variances;
2.   Exemptions from unnecessary building code requirements, impact fees, or inspection fees; or
3.   Streamlined permitting.

(e)   The City may provide enhanced municipal services to businesses, including:

1.   Improved police and fire protection
2.   Institution of community crime prevention programs; or
3.   Special public transportation routes or reduced fares.

(f).   The City may provide improvements in community facilities, including:

1.   Capital improvements in water and sewer facilities;
2.   Road repair; or
3.   Creation or improvement of parks.

(g)   The City may provide improvements to housing, including:

1.   Low-interest loans for housing rehabilitation, improvement, or new construction; or
2.   Transfer of abandoned housing to individuals or community groups.

(h)   The City may provide business and industrial development services, including:

1.   Low-interest loans for business;
2.   Use of surplus buildings or other underutilized publicly owned facilities as small business incubators;
3.   Provision of publicy owned land for development purposes, including residential, commercial, or industrial development; the City may sell real property owned by the City and located in the enterprise zone in accordance with Section 2303.513 of the Texas Government Code.
4.   Creation of special one-stop permitting and problem resolution centers or ombudsmen; or
5.   Promotion and marketing services.

(i)   The City with cooperation with local educational institutions may provide job training and employment services to businesses, including:

1.   Retraining programs;
2.   Literacy and employment skills programs;
3.   Vocational education; or
4.   Customized job training.

   
(Ord. No. 4152, § 2, 2-22-18; Ord. No. 4518, § 2, 8-22-24)