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<br />ORDINANCE NO. 2007- <br /> <br />Z809-A <br /> <br />AN ORDINANCE OF THE CITY OF LA PORTE RENEWING GUIDELINES AND <br />CRITERIA GOVERNING TAX ABATEMENT AGREEMENTS OF THE CITY OF LA <br />PORTE, AS CODIFIED IN ARTICLE V "GUIDELINES AND CRITERIA GOVERNING <br />TAX ABATEMENT AGREEMENTS BY THE CITY OF LA PORTE", SECTIONS 66-140 <br />THROUGH 66-151, INCLUSIVE, OF THE CODE OF ORDINANCES OF THE CITY OF <br />LA PORTE, FOR ADDITIONAL TWO YEAR PERIOD; AND, AMENDING ARTICLE V <br />"GUIDELINES AND CRITERIA GOVERNING TAX ABATEMENT AGREEMENTS BY <br />THE CITY OF LA PORTE", SECTION 66-149 "SUNSET PROVISION", OF THE CODE <br />OF ORDINANCES, REGARDING NEW TWO YEAR TERM, AND CODIFYING SAID <br />RENEWAL; FINDING COMPLIANCE WITH THE OPEN MEETINGS LAW; AND <br />PROVIDING AN EFFECTIVE DATE HEREOF. <br /> <br />BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF LA PORTE: <br /> <br />Section 1. The City Council of the City of La Porte, having reviewed all tax abatement <br /> <br />contracts created pursuant to the guidelines and criteria governing tax abatement agreements, <br /> <br />heretofore adopted by the City Council on February 14, 2005, and codified as Article V. <br /> <br />"Guidelines and Criteria Governing Tax Abatement Agreements by the City of La Porte", Sections <br /> <br />66-140 through 66-151, inclusive, of Chapter 66 of the Code of Ordinances of the City of La Porte, <br /> <br />hereby finds and declares that all of the said tax abatement contracts reviewed by the City Council <br /> <br />have met and fulfilled the goals and objectives of the tax abatement agreements, as well as the <br /> <br />guidelines and criteria governing tax abatement agreements of the City of La Porte, as required <br /> <br />under Section 66-149( a) of the Code of Ordinances. <br /> <br />Section 2. The City Council of the City of La Porte hereby renews and adopts the Guidelines <br /> <br />and Criteria governing tax abatement agreements, heretofore adopted by the City Council on <br /> <br />February 14, 2005, and codified as Article V. "Guidelines and Criteria Governing Tax Abatement <br /> <br />Agreements by the City of La Porte", Sections 66-140 through 66-151, inclusive, of Chapter 66 of <br /> <br />the Code of Ordinances of the City of La Porte, for an additional two year term, as allowed by <br /> <br />Chapter 312 of the Texas Tax Code. <br /> <br />- I - <br />