02.12.2013 Views

Denton Business Chronicle

ORINTH — City officials hope that tax abatements and other economic development incentives will increase the number of new businesses lured to Corinth. The city recently approved a resolution to adopt guidelines and criteria. Officials say that the abatements act as incentives to attract high-quality businesses by granting full or partial exemption from property taxes, and the policy must be approved every two years. Guy Brown, the Corinth Economic Development Corporation director, said there are no pending tax abatements, but he said he hopes to see that change next year. “We hope to use tax abatements and other incentives, including the city’s Economic Development Fund, to attract new business to Corinth during the next year,” he said. According to a city staff report, there is no immediate impact on city revenue, but the city could “receive significant financial benefits from projects performed under the policy.” When cities undertake tax abatement, the two primary things they look at are the length of the abatement and the percentage of tax that would be abated, Brown said.

ORINTH — City officials
hope that tax
abatements and other
economic development incentives
will increase the number of
new businesses lured to
Corinth.
The city recently approved a
resolution to adopt guidelines
and criteria. Officials say that
the abatements act as incentives
to attract high-quality businesses
by granting full or partial
exemption from property taxes,
and the policy must be
approved every two years.
Guy Brown, the Corinth
Economic Development
Corporation director, said there
are no pending tax abatements,
but he said he hopes to see that
change next year.
“We hope to use tax abatements
and other incentives,
including the city’s Economic
Development Fund, to attract
new business to Corinth during
the next year,” he said.
According to a city staff
report, there is no immediate
impact on city revenue, but the
city could “receive significant
financial benefits from projects
performed under the policy.”
When cities undertake tax
abatement, the two primary
things they look at are the
length of the abatement and the
percentage of tax that would be
abated, Brown said.

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Vital<br />

Statistics<br />

BUILDING<br />

PERMITS<br />

| CONTINUED FROM PAGE 22<br />

Branch Banking and Trust<br />

5001 Ricks Road<br />

Connie L. Brown<br />

3833 Grant Parkway<br />

DR Horton<br />

2800 Frontier Drive<br />

3312 Estacado Drive<br />

4505 Hidden Meadows Trail<br />

8320 Frontier Drive<br />

4520 Hidden Meadows Trail<br />

DR Horton Texas LTD.<br />

3020 Hornbeam St.<br />

2904 Frontier Drive<br />

3304 Sombrero Drive<br />

4501 Hidden Meadows Trail<br />

4512 Hidden Meadows Trail<br />

4516 Hidden Meadows Trail<br />

11825 Southerland Drive<br />

First Texas Homes<br />

4220 Autumn Path Road<br />

4216 Red Wolfe Road<br />

Forestar Real Estate Group<br />

3416 Glen Crest Lane<br />

3317 Glen Crest Lane<br />

History Maker Homes<br />

2220 Windsor Farms Drive<br />

2216 Windsor Farms Drive<br />

HMH Lifestyles LP.<br />

2309 Arrowhead Drive<br />

2300 Eton Place<br />

2209 Windsor Farms Drive<br />

Innovation Builders<br />

5724 Eagle Mountain Drive<br />

James Emery<br />

8009 Stallion St.<br />

Key Custom Homes Inc.<br />

3216 Deerfield Drive<br />

LGI Homes<br />

313 Water Oak Road<br />

309 Water Oak Road<br />

301 Water Oak Road<br />

305 Water Oak Road<br />

312 Water Oak Road<br />

2801 Silver Sage Drive<br />

Nicosia & 77 LP.<br />

3713 Cotton Drive<br />

3613 Fallmeadow St.<br />

Richard Welday<br />

11812 Clemson Drive<br />

Robson Ranch (GC)<br />

9725 Rivercrest Drive<br />

9612 Orangewood Trail<br />

11708 Southerland Drive<br />

Robson <strong>Denton</strong> Dev. LP.<br />

10112 Sandhurst Drive<br />

11700 Southerland Drive<br />

10013 Crestridge Court<br />

9205 Bradford St.<br />

9201 Bradford St.<br />

11608 Parkcrest Drive<br />

8816 Crestview Drive<br />

8904 Compton St.<br />

8912 Crestview Drive<br />

Shepherd Place Homes<br />

408 Water Oak Road<br />

BILL UTTER FORD<br />

Utterly<br />

Affordable<br />

2013 Ford F-150 Super Crew<br />

Just<br />

Just<br />

$<br />

299/<br />

2013 Ford F-150 Super Crew T131166 $7,446 due at signing which<br />

includes the first of 39 equal payments @ $299 (30 days) and<br />

security deposit. Offer ends 11/30/13<br />

2014 Ford Fusion Energi<br />

$<br />

199/<br />

month<br />

Lease<br />

2014 Ford Fusion Energi C130413 $7,500 due at signing which includes the first of<br />

39 equal payments @ $199 (30 days) and security deposit. Offer ends 11/30/13<br />

Just<br />

month<br />

Lease<br />

2014 Ford Escape<br />

$<br />

199/<br />

month<br />

Lease<br />

2014 Ford Escape T140090 $5,300 due at signing which includes the first of 39<br />

equal payments @ $199 (30 days) and security deposit. Offer ends 11/30/13<br />

2014 Ford Fiesta<br />

$<br />

199/<br />

month<br />

Lease<br />

2014 Ford Fiesta C140053 $4,100 due at signing which includes the first of 39<br />

equal payments @ $199 (30 days) and security deposit. Offer ends 11/30/13<br />

Just<br />

Holiday Toy Drive<br />

Bill Utter Ford has committed to help collect Christmas presents for <strong>Denton</strong> children in need. Over 1800 children in the<br />

<strong>Denton</strong> area need our help this year. Please bring unwrapped presents for boys and girls, ages 1 to 15, to the New Car<br />

Showroom and place them under the Christmas Tree. There is no minimum or maximum dollar amount for gifts;<br />

even a small gift is greatly appreciated!!! (Please do not bring Matchbox cars.)<br />

Please bring all gifts to the Showroom by December 3rd<br />

This toy drive is open to the public, so please encourage friends and family members to donate as well.<br />

23<br />

<strong>Denton</strong><br />

<strong>Business</strong><br />

<strong>Chronicle</strong><br />

Nov.<br />

2013<br />

Standard Pacific Homes<br />

6613 Edwards Road<br />

KM

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