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<br /> <br />T FOR CITY COUNCIL AGENDA ITEM <br /> <br />Bud2.et <br /> <br />Requested By: <br /> <br />Source of Funds: <br /> <br />Department: <br /> <br />Account Number: <br /> <br />Report: <br /> <br />Resolution: <br /> <br />Ordinance: <br /> <br />x <br /> <br />Amount Budgeted: <br /> <br />Exhibits: Ordinance 2006- <br /> <br />Amount Requested: <br /> <br />Exhibits: "A" Public Notice <br /> <br />Budgeted Item: YES NO <br /> <br />Exhibits: "R/CID" Notices to I ,PISn, Harris County Commissioners Court and San Jacinto Colle2.e District <br /> <br />Exhibits: "E" Le2.al Meets and Bounds Description <br /> <br />Exhibits: "F" Aerial of Proposed Reinvestment Zone "B" <br /> <br />SUMMARY & RECOMMENDATION <br /> <br />Prior to the creation of a reinvestment zone the City must publish a public notice regarding a <br />public hearing and notify other taxing entities at least 7 days in advance of the hearing. <br /> <br />The proposed Reinvestment Zone "B" is a site specific 19.607 Ac tract for Packwell, Inc. <br /> <br />At the Public Hearing interested persons are entitled to speak and present evidence for or against <br />the designation. <br /> <br />After the Public Hearing, Council will consider an ordinance designating a 19.607 Ac tract as La <br />Porte Reinvestment Zone "B" - "Packwell, Inc." The Ordinance finds that the designation of the <br />Zone is likely to contribute to the retention or expansion of primary employment or to attract <br />major investments in the zone that would be a benefit to the property and that would contribute <br />to the economic development of the City of La Porte. <br /> <br />Action Reauired bv Council: <br /> <br />Consider Ordinance designating a 19.607 Ac tract as La Porte Reinvestment Zone "B"- <br />"Packwell, Inc." <br /> <br /> <br />5~cJ-OY <br /> <br />r <br /> <br />Date <br />