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REQU T FOR CITY C( <br />Agenda Date Requested: Ma 2006 <br />Requested By: John in "M <br />Department: <br />Report: Resolution: Ordinance: X <br />Exhibits: Ordinance 2006- <br />Exhibits: "A" Public Notice <br />)UNCIL AGENDA ITEM <br />Budget <br />Source of Funds: <br />Account Number: <br />Amount Budgeted: <br />Amount Requested: <br />Budgeted Item: YES NO <br />Exhibits: "B/C/D" Notices, to I PTSD, Harris County Commissioners Court and San Jacinto College District <br />Exhibits: "E" Legal Meets and Bounds Description <br />Exhibits: "F" Aerial of Proposed Reinvestment Zone `B" <br />SUMMARY & RECOMMENDATION <br />Prior to the creation of a reinvestment zone the City must publish a public notice regarding a <br />public hearing and notify other taxing entities at least 7 days in advance of the hearing. <br />The proposed Reinvestment Zone "B" is a site specific 19.607 Ac tract for Packwell, Inc. <br />At the Public Hearing interested persons are entitled to speak and present evidence for or against <br />the designation. <br />After the Public Hearing, Council will consider an ordinance designating a 19.607 Ac tract as La <br />Porte Reinvestment Zone `B" - "Packwell, Inc." The Ordinance finds that the designation of the <br />Zone is likely to contribute to the retention or expansion of primary employment or to attract <br />major investments in the zone that would be a benefit to the property and that would contribute <br />to the economic development of the City of La Porte. <br />Action Required by Council: <br />Consider Ordinance designating a 19.607 Ac tract as La Porte Reinvestment Zone `B" - <br />"Packwell, Inc." <br />Approved for City Council Agenda <br />'*be -bra B. Feazelle, City Ma0ager Date <br />