R-1982-11 - Laserfiche WebLink

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. . . . . RESOLUTION NO. 82-11 .:.. :::~30L:':TIO~ OF THE CITY COUNCIL DESIG~~ATING EL:SIBLE BLIGH'rED _:..:::.~_::_:;: ~'!M\E~G THE FINDINGS REQUIRED BY THE RUL~:: OF THE TEXAS ::;:-_'3T~I.:\L COmHSSION; AND CONTAINn:G OTHER i'lATT~?S RELATING TO ':'::=: .3tSJECT. WHEREAS, by resolution the City Council (the M:ity.Council") 0: :.::e City of La Porte, Texas (the "City"), authorized and a;;~:ved the creation of the City of La Porte Indus~rial Develop- :::e::-: Corporation (the "Corporation") as a nonpro:it industrial =e"...:::'op::;ent corporation under the provisions of t::e Development Cor;.:ration Act of 1979, Article 5190.6, Vernon's Annotated ~exa5 Civil Statutes, as amended (the "Act"); and ~'iHEREAS, the City o::"=r-=.ting and existing t::-e .= ta te 0 f Te xa s (the C~ar:er of the City; and is a duly under the "State") incorporated Hc:::e Rule City, Consti tution arl= the laws of and the duly adc~':ed Home Rule ~'lHE~EAS, the Corporation is authorized by t::e Act to issue :,o:::::s on behalf of the Ci ty for the purpose of pe.::-ing all or a ~a::t ~f the costs of a "project" as defined in t::e Act, and to leas: or- sell the project o~ to loan the procee:::s of the bonds to ::~ance all or part of the costs of a project; a::j ~'iHEREAS, the definition of "project" in the j..c:. includes the la:-:c, buildings, equipment, facilities and impro'l.::::-.ents (one or :::o::e found by the Borad of Directors of the Cor;:Jration to be ::e~~:::ed or suitable for the promotion of commer~:al development an= ~xpansion and in furtherance of the public purposes of the Act, or :::: use by commercial enterprises, all as define~ in the rules .:;::: ~;-.':: Te:<3S Industrial Commission (the "Commissic::"), irrespec"": :.i~e ~f whether in existence or required to be ac~uired or ~on- st:::..l::ed thereafter, if such project is located i:: blighted or ecc~c~ically depressed areas; and :iH EREAS, as used in the Ac t, the term "bl is:: :ed or econom- :.ca..i:'y c'::!rn-essed areas" means ,those .:u.-eas and a::eas immediately ~d:a:~nt thereto within a city which by reason of t~e presence of 3 5~=3ta~tial number of substanda~d, slum, de:.~::io~ated, or ":'2:':::=~0r.-<1ting structures, o~ \'/hich surf8l- from a ::igh relative :-J.:~ )f une:nployment of any combination of the :~regoing, the :i:~' :inds and determines, after a hearing, substa::::ially impair Jr J:::cst th0 sound growth of the city or constit~:e an economic 0:: s.:..;ic:d liability and are a men.:lce to the public ::ealth, safety ):: ~elfu~e in their present condition and use; and .,