1. TIRZ Boundary

6. COSADC Incentive Guidelines
Bob Schneeman
Development Coordinator

7. Incentives Guidelines: CURRENT POLICY
ELIGIBILITY OF APPLICANTS
1. No member of the San Angelo City Council, or
person related to a council member within the
second degree by consanguinity or affinity, shall be
eligible for assistance from the COSADC during
his/her tenure or for six months thereafter.
2. No member of the San Angelo Economic
Development Corporation Board of Directors, or
person related to a board member within the second
degree by consanguinity or affinity, shall be eligible
for assistance from the COSADC during his/her
tenure or for six months thereafter.

8. Incentives Guidelines: CURRENT POLICY
3. No employee of the San Angelo Economic
Development Corporation, or person related to an
employee or supervisor of the Department within
the second degree by consanguinity or affinity,
shall be eligible for assistance from the COSADC
during his/her employment or for six months
thereafter

9. Incentives Guidelines: PROPOSED CHANGE
Staff recommends the following change to the
eligibility guidelines:
ELIGIBILITY OF APPLICANTS
Project eligibility will be determined based on Texas
State law applicable to the specific contracting parties.

10. Incentive Guidelines
2. Update contact information for COSADC and Chamber (page 10)
Chamber of Commerce, Economic Development
Telephone: (325) 655-4136
Fax: (325) 658-1110
418 West Avenue B
San Angelo, Texas 76901
E-mail: john@sanangelo.org
or
City of San Angelo Development Corporation
Telephone: (325) 653-7197
Fax: (325) 653-7187
72 W. College Ave.
San Angelo, Texas 76903
E-mail: info@sanangelodevelopment.com

11. Incentives Guidelines: STATE LAW
• Applicant may be an individual or a business
organization
• Limited liability company or corporation has an
independent legal existence and the capacity to act
and transact business separate and apart from its
members under the law
• When a company applies for incentives under the
program, it is the company, not its individual
members, who is the applicant
• It is the company and not its members that incurs
the obligations and receives the benefits

12. Incentives Guidelines: STATE LAW
• State conflict of interest laws are only used in
discussion, deliberation and voting when it involves
assistance, the award to and approval of the
contract with an entity in which a member of City
Council has a financial interest and may require the
member to abstain from discussion and voting
• When considering matters about a company in
which a board member has a financial interest, the
State’s nonprofit corporation laws require the board
member to abstain from discussion, deliberation or
voting on the matter.