1999-08-09 Regular Meeting and Public Hearing

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REOUEST F6t CITY COUNCIL AGENDA ITEM e Agenda Date Requested: ~~ 9 1999 I V g Requested By: John Joe~ B",I ~~~ _ Report _ ResOIl, 0 Exhibits: 1. Public Notice and Map 2. Ordinance No. and Exhibits "A" and "B" Department: Administration x Ordinance SUMMARY & RECOMMENDATION At the May 24 Public Hearing on creation of Tax Increment Reinvestment Zone Number 1, staff introduced for public record a report summarizing direction received by staff at the May 17 Council workshop. The report dealt with a proposed expansion to Reinvestment Zone No. 1. To insure proper notice, Council, on June 1, called for a Public Hearing on August 9 to consider a proposed expansion to Tax Increment Reinvestment Zone No.1, City of La Porte, Texas. The map attached to the public notice depicts the (1) deletion and (7) additions to Zone 1. Also, at the May 24 Public Hearing Eddie Gray and Decker McKim each requested that certain properties be added to the Zone. Eddie Gray later forwarded the legal description of the property. This property was already included in the areas Council was considering adding. Blocks 1132 and 1149 requested by Decker McKim were added, along with Blocks 1131 and 1150, to the proposed expansion map. At the close of the Public Hearing Council will consider an ordinance expanding Tax Increment Reinvestment Zone No.1, City of La Porte, Texas. Action Required by Council: After the Public Hearing is closed, Council will consider approval of an ordinance enlarging the boundaries of Reinvestment Zone Number One, City of La Porte, Texas. Availability of Funds: General Fund_ WaterlWastewater _ Capital Improvement_ General Revenue Sharing Other Account Number: Funds Available: YES NO A~Ved for City Council Aeenda <. ~~ T.~ ~".(-'I'\ Robert T. Herrera Date City Manager