OFFICE OF BRUCE STIDHAM GRAYSON COUNTY www.cograyson.ix.s  COURTHOUSE 100 W. HOUSTON-SUITEI PO.BOX2107 SHERMAN,TX 75091  TAX OFFICE: 903-892-8297 FAX: 903-893-4973  TAX. ASSESSOR. - COLLECTOR VEHICIEREGSTRATION: 903-813-4225  RESOLUTION  WHEREAS, Grayson County wishes to become eligible to create tax reinvestment zones in the county when appropriate and to grant tax abatement through the execution of tax abatement agreements in compliance with existing law when WHEREAS, adoption of guidelines and criteria governing tax abatement agreements is required for such eligibility, BE IT RESOLVED, that the Commissioners Court adopt the following guidelines and criteria governing tax abatement  appropriate, and agreements:  A Tax Abatement Agreement must not require extraordinary capital improvement financing by Grayson An applicant's plan for improvements must have a secondary impact, through the use of local contractors A Tax Abatement Agreement will abate taxes on property improvements not less than ten nor more than Tax Abatement Agreements will be considered for both new facilities and structures and for the expansion The Grayson County Commissioners Court reserves the right to negotiate any provisions with ani individual 7. The guidelines and criteria adopted under this section are effective for two years from the date adopted. During that period, the guidelines and criteria may by amended or repealed only by a vote of three-fourths BE IT FURTHER RESOLVED, that the Grayson County Commissioners Court elects to be eligible to participate in tax BE IT FURTHER RESOLVED, that this Resolution is intended to satisfy all requirements of Section 312.002 of the Texas  County. ATax one hundred percent.  and service business, on the local economy.  Agreement will not exceed the maximum period allowed by law oft ten years.  or modernization of existing facilities and structures.  business allowed by law.  oft the members of the governing body.  abatement.  Tax Code, "Eligibility of Taxing Unit to Participate in Tax Abatement", as amended.  PASSED AND APPROVED this 21st day of May, 2024.  Bruce County Judge   Art Arthur hfe Commissioner, MpHa Matt Hardenburg Commissioner, Pct4  Commissioner,P Pcti EL5 Commissioner,' Pct3 Ag  Pct2  Cau Aattroa) Deana Patterson County Clerk  Attest:  24-009