10-12-05 Meeting of the Tax Increment Reinvestment Zone Number One minutes

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City of La Porte Resolution No. A RESOLUTION AUTHORlZlNG THE ESTABLISHMENT OF PUBLIC IMPROVEMENT DISTRICT NUMBER ONE IN THE CITY OF LA PORTE, TEXAS; AUTHORIZING PUBLICATION OF nus RESOLUTION, PROVIDING FOR THE PREPARATION OF A SERVICE AND ASSESSMENT PLAN; AND MAKING OTHER PROVISIONS RELATED TO THE SUBJECT. ***** WHEREAS, the City of La Porte Council is authorized to create a public improvement district pursuant to Ch. 372 of the Texas Local Government Code (the "Code") for the purpose described therein, and the City has received a petition from certain landowners within the City requesting the creation of a public improvement district; and WHEREAS, the City Council held a public hearing on , notice of which was published and mailed to property owners of the proposed district pursuant to Section 372.009 of the Code; and ( WHEREAS, the City COU.llci! has made findings by resolution as to the advisability of the proposed improvement project, the nature of the improvements, the boundaries of the proposed public improvement district, the estimated cost, the method of assessment and the apportionment of cost between the improvement district and the City as a whole, as required by Chapter 372 of the Code; and WHEREAS, the City Council has determined that it should proceed with the creation of the Public Improvement District Number One and the provision of public improvements proposed to be provided thereby; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LA PORTE: Section 1. correct. The facts recited in the preamble hereto are hereby found to be true and Section 2. - Public Improvement District Number One (the "District") is authorized to be and is hereby established as a public improvement district under tp.e provisions of Chapter 372 of the Code over the land currently included within the boundaries of the City of La Porte, Texas, as more fully described in Exhibit A attached hereto, all in accordance with the findings made by the City Council in Section 1 of Resolution No. passed and approved on Section 3. The City Secretary .is hereby directed to give notice of the authorization for establishment of the District by publishing the resolution once in at least one local newspaper of general circulation in the City. The authorization and establishment of the District. shall be deemed to be effective upon the publication of the notice directed by this section. (