2020-32 - RTOWN OF PROSPER, TEXAS
RESOLUTION NO. 2020-32
A RESOLUTION OF THE TOWN COUNCIL OF THE TOWN OF PROSPER,
TEXAS, REPEALING RESOLUTION NO. 14-04 IN RELATION TO
NEIGHBORHOOD EMPOWERMENT ZONE NUMBER 2; ACKNOWLEDGING
THE ADOPTION OF A NEW DOWNTOWN RESIDENTIAL REVITALIZATION
PROGRAM; MAKING FINDINGS; AND PROVIDING FOR AN EFFECTIVE
DATE.
WHEREAS, on January 14, 2014, the Town Council of the Town of Prosper, Texas,
approved Resolution No. 14-04 designating a specific area in the Town's Downtown area as
Neighborhood Empowerment Zone Number 2, as authorized by Chapter 378 of the Texas Local
Government Code; and
WHEREAS, Neighborhood Empowerment Zone Number 2 was intended to promote
residential redevelopment in the Downtown area through the waiver of certain building permit
and impact fees; and
WHEREAS, the demand for new housing in the Downtown areas is for market rate
housing; however, the Texas Tax Code Section 312.202 limits the incentive provisions of a
Neighborhood Empowerment Zone to a specific type of housing; and
WHEREAS, on April 14, 2020, the Town Council adopted Ordinance No. 2020-28
establishing a new Downtown Residential Revitalization Program for the purpose of replacing
Neighborhood Empowerment Zone No. 2, as established by Resolution No. 14-04, and providing
incentives relative to architectural standards and building materials for those residential structures
constructed pursuant to the Program.
NOW, THEREFORE, BE IT RESOLVED BY THE TOWN COUNCIL OF THE TOWN OF
PROSPER, TEXAS, THAT:
SECTION 1
The findings set forth above are incorporated into the body of this Resolution as if fully set
forth herein.
SECTION 2
Resolution No. 14-04 is hereby repealed in its entirety.
SECTION 3
Any and all resolutions, rules, regulations, policies, or provisions in conflict with the
provisions of this Resolution are hereby repealed and rescinded to the extent of any conflict
herewith.
SECTION 4
This Resolution shall be effective from and after its passage by the Town Council.
DULY PASSED AND APPROVED BY THE TOWN COUNCIL OF THE TOWN OF
PROSPER, TEXAS, ON THIS 28TH DAY OF APRIL, 2020. 06
P-0116�
Ray Smith, Mayor
ATTEST:
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Melissa Lee, Tow Secretary �, ► ► " " ►
APPROVED AS TO FORM AND LEGALITY:
Terrence S. Welch, Town Attorney % -1914
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Resolution No. 2020-32, Page 2