O-2022-3899 - Laserfiche WebLink

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WHEREAS, pursuant to Texas Tax Code Sections 311.007(c) and 311.017(a)(1), the City Council may, by ordinance, expand a reinvestment zone's boundaries beyond those originally established for a zone; and WHEREAS, in accordance with Texas Tax Code Section 311.006(a)(1) less than thirty percent (30%) of the property within the Expanded Area, excluding property dedicated to public use, is used for residential purposes WHEREAS, in accordance with Texas Tax Code Section 311.006(a)(2)(B) the total appraised value of taxable real property within the Expanded Area and in any other existing reinvestment zones does not exceed fifty percent (50%) of the total appraised value of taxable real property within the City and in the industrial districts created by the City and WHEREAS The City Council finds that notwithstanding the enlargement of the Zone boundary to include the Expanded Area, the Zone continues to meet the requirements of Section 311.006 of the Texas Tax Code. WHEREAS, Texas Tax Code Section 311.003(c) provides that the City publish notice of a public hearing not later than the seventh (7) day before the date of the public hearing in a newspaper having general circulation in the municipality; and WHEREAS, the City Council, pursuant to Texas Tax Code Sections 311.003 and 311.011, after public notice thereof was given in a newspaper of general circulation of the City, conducted a public hearing on October 24, 2022, at which property owners and other interested persons were allowed to speak, and finds that the amendments herein do not violate the limitations in Section 311.006(a) of the Texas Tax Code and are eligible for adoption under said Code. NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF LA PORTE, TEXAS THAT: Section 1. Findings. The findings and recitals contained in the preamble of this Ordinance are hereby found and declared to be true and correct and are adopted as part of this Ordinance for all purposes. Section 2. Expansion of the Zone. That the boundaries of Reinvestment Zone Number One, City of La Porte, Texas, is hereby expanded by 3.7 acres, to include the proposed Sylvan Beach Enclave development, designated by map illustration attached hereto as Exhibit A and incorporated for all purposes, and more specifically defined by survey metes and bounds description attached as Exhibit B and incorporated for all purposes Section 3. Approval of the Third Amendment. The Third Amendment, attached hereto as Exhibit "C" and incorporated for all purposes, is hereby determined to be feasible and is approved. The appropriate officials of the City are authorized to take all steps reasonably necessary to implement the Third Amendment.