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2000-12-11 Regular Meeting and Special Called Workshop Meeting
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2000-12-11 Regular Meeting and Special Called Workshop Meeting
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City Meetings
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City Council
Meeting Doc Type
Minutes
Date
12/11/2000
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• <br />not extend to any dedication of revenue from the Tax Increment Fund by the La Porte Zone for <br />projects outside the La Porte Zone, unless Harris County agrees to participate in the dedication. <br />D. Board of Directors <br />Notwithstanding anything to the contrary in City of La Porte Ordinance No. 99-2325, which <br />created the La Porte Zone, pursuant to the provisions of Section 311.009(a), Texas Tax Code, Harris <br />County shall have the unequivocal right to appoint and thereafter at all times maintain one (1) <br />member on the La Porte Zone Board of Directors. Harris County may also appoint and maintain as <br />many non -voting ex officio members on the La Porte Zone Board of Directors as Harris County may <br />desire. <br />V. OBLIGATIONS OF CITY AND LA PORTE ZONE <br />A. Project Plan <br />Any member of the Harris County Commissioners Court may review and comment upon any <br />amendment to the Project Plan before any amendments thereto are submitted to the City Council for <br />City approval. The City agrees to provide Harris County with a copy of any proposed amendments <br />at least 14 days prior to their submission to the City Council for approval. <br />B. Disposition of Tax Increments <br />Upon termination of the La Porte Zone, and after all bonded indebtedness of the La Porte <br />Zone has been paid, the City and the La Porte Zone shall pay to Harris County, within sixty (60) <br />days of said termination, all monies remaining in the Tax Increment Fund that are attributable to the <br />Harris County Tax Increment Participation paid by Harris County into the Tax Increment Fund. <br />C. Audits <br />The City shall provide to Harris County a copy of each of the audits required by the <br />Agreement by and between the City of LaPorte, Texas, Reinvestment Zone Number One, City of <br />0 <br />
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