Ord. 1999-2316 - notification of entities, board composition for TIRZ #1

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e e WHEREAS, to consider the creation of the reinvestment zone it is necessary that a preliminary reinvestment zone financing plan be prepared and circulated to all taxing units that levy real property taxes in the proposed reinvestment zone prior to the holding of a public hearing on the creation of the proposed reinvestment zone; and WHEREAS, prior to the creation of the proposed reinvestment zone other actions, including discussions with and presentations to other taxing units levying taxes on the real property in the proposed reinvestment zone, may be necessary and appropriate. BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF LA PORTE: Section 1. That the findings and recitals in the preamble of this Ordinance are hereby found and determined to be true and correct and are hereby approved and adopted. Section 2. That the City hereby confirms its intention to designate a contiguous gebgraphic area within the City, as described on Exhibit "A", as Reinvestment Zone Number One, City of La Porte, Texas. section 3. That the City Council establishes the date of May 24, 1999, at 6:00 p.m., in the City Council Chambers, for a public hearing on the establishment of a proposed tax increment reinvestment zone to be known as Reinvestment Zone Number One, City of La Porte, Texas, under the provisions of Section 311.003(c) of the Texas Tax Code. The City Secretary is directed to cause notice of the public hearing to be published in a newspaper of general circulation in the City not later that the seventh day before the date of the hearing. Section 4. That the notice addressed to the County Judge of Harris County, the Superintendent of La Porte Independent School District, the Chancellor of San Jacinto College District, the General Manager of Port of Houston Authority, the President of 2