HomeMy WebLinkAboutResolution No. 98-07 CITY OF THE COLONY, TEXAS
RESOLUTION 98-07
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF THE COLONY, TEXAS
ENCOURAGING THE LEGISLATURE TO KEEP IN PLACE THE DEVELOPMENT
CORPORATION ACT OF 1979 WHICH ESTABLISHED THE ABILITY FOR
MUNICIPALITIES TO ADOPT THE 4A AND 4B SALES AND USE TAX
WHEREAS, the City Council of the City of the Colony recognizes the benefits of the 4A and
4B sales and use tax for economic development and municipal improvements; and
WHEREAS, the City of The Colony did hold an election in January 1998 and both the ½ cent
for 4A and the % cent for 4B sales and use taxes were passed; and
WHEREAS, the direct results of this additional sales tax will be enhanced economic
development and improved municipal facilities:
NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF THE
COLONY, TEXAS:
Section 1. That the City Council hereby encourages the State Legislature to keep in place
the Development Corporation Act of 1979, which established the ability for municipalities to adopt
the 4A and 4B sales and use tax.
PASSED AND APPROVED this 31st day of August 1998.
Mary Blai~Wat~ Mayor
City of The Colony
ATTEST:
Patti A. Hicks, TRMC
City Secretary