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<br />RESOLUTION No. <br /> <br />JQ/O -tl 0 <br /> <br />orOiVlt,Jek <br />~;J1'J <br /> <br />WHEREAS, the City of La Porte, Texas authorized the creation of the La Porte Development <br />Corporation, by Resolution No. 99-23, passed on the lih day of July 1999; <br /> <br />WHEREAS, the La Porte Development Corporation was subsequently established as a nonprofit <br />corporation organized under Article 5190.6, Section 4B, Vernon's Annotated Texas Civil Statutes, and as <br />such has operated under the rules and regulations enumerated under Section 4B of said statute, since the <br />Corporation's founding; <br /> <br />WHEREAS, Article 5190.6, Section 4B, Vernon's Annotated Texas Civil Statutes was codified as <br />Chapter 505 of the Texas Local Government Code, effective April 1, 2009, and the La Porte <br />Development Corporation has, and continues to be, subject to the rules and regulations enumerated under <br />Chapter 505 of the Texas Local Government Code, and is now known as a "Type B Corporation" instead <br />of "4B Corporation"; <br /> <br />WHEREAS, Chapter 505 of the Texas Local Government Code allows Type B Corporations to initiate <br />certain projects, including projects for the purpose of creating or retaining primary jobs, and/or for the <br />promotion or development of new or expanded business enterprises; <br /> <br />WHEREAS, Section 505.158, Chapter 505 of the Texas Local Government Code authorizes a Type B <br />Board within a municipality with a population of 20,000 or less to initiate projects including those for <br />"land, buildings, equipment, facilities, expenditures, targeted infrastructure, and improvements" when <br />found by the Type B Board to "promote new or expanded business development"; <br /> <br />WHEREAS, the population of the City of La Porte, Texas exceeds 20,000, making the La Porte <br />Development Corporation ineligible to initiate all of the types of projects allowed by Section 505.158 of <br />the Texas Local Government Code for promotion of new or expanded business development, apart from <br />other narrowly tailored projects for promotion of new or expanded business development allowed in other <br />sections in Chapter 505 of the Texas Local Government Code; <br /> <br />WHEREAS, the City of La Porte believes that Type B Corporations in smaller and mid-sized cities that <br />exceed a population of 20,000 would be better equipped to promote the development of professional and <br />retail businesses if given broader authority to promote new or expanded enterprises for every purpose <br />described in Section 505.158; <br /> <br />WHEREAS, the City of La Porte desires that Section 505.158 of the Texas Local Government Code be <br />amended to expand the eligibility of Section 505.158 type projects to Type B Corporations located in <br />cities with populations of 50,000 or less; <br /> <br />NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LA PORTE, <br />TEXAS: <br /> <br />That the findings of the City and its actions approving this resolution taken at the council meeting <br />are hereby approved and adopted. <br /> <br />BE IT FURTHER RESOLVED that the City of La Porte City Council does hereby petition the members <br />of the Texas Legislature to amend Section 505.158 of the Texas Local Government Code to include Type <br />