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approves the agreement by a majority vote. Other taxing entities will have the option to enter into a separate <br />agreement with the property owner after the City has approved the tax abatement agreement. <br />We feel that this tax abatement package would serve as a valuable tool for attracting the types of businesses we need <br />in La Porte, and serve as an important part of our economic development strategy. <br />Action Required by Council: <br />Consider approval of an ordinance amending the Code of Ordinances of the City Of La Porte by adding Article V <br />G}r1Q%lines and Criteria Governing Tax Abatement Agreements by the City Of La Porte. <br />Ron Bottoms, City Manager <br />4 (tL I. <br />date <br />