Ord,. 1999-2350 - enlarge TIRZ #1 boundary

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e .' City of La Porte, Texas, Ordinance No. 41i-1350 AN ORDINANCE ENLARGING THE BOUNDARIES OF REINVESTMENT ZONE NUMBER ONE, CITY OF LA PORTE, TEXAS; CONTAINING FINDINGS AND PROVISIONS RELATED TO THE FOREGOING SUBJECT; FINDING COMPLIANCE WITH THE OPEN MEETINGS LAW; PROVIDING A SEVERABlLITY CLAUSE; AND PROVIDING AN EFFECTIVE DATE HEREOF. WHEREAS, the City Council of the City of La Porte pursuant to the provisions of Chapter 311, Texas Tax Code, created Reinvestment Zone Number One, La Porte, Texas, (the ItZonelt) by Ordinance 99-2325, passed May 24, 1999; and WHEREAS, the City may enlarge the boundaries of an existing reinvestment zone pursuant to Section 311.007(a); and WHEREAS, the City Council finds that the area proposed to be included in the Zone is located wholly within the corporate limits of the City of La Porte and is contiguous to the existing boundaries of the Zone. WHEREAS, the City Council finds that the area meets the requirements of Section 311.005 of the Texas Tax Code because the area proposed to be added to the Zone substantially impairs and arrests the sound growth of the City because it contains substantial areas that are predominantly open and underdeveloped, and lack public water distribution, wastewater collection and storm drainage facilities, and have defective or unusual conditions of title, and exhibit deterioration of site or other improvements, which conditions substantially impair and arrest the sound growth of the City. WHEREAS, less than ten percent of the property proposed to be included in the enlarged Zone, excluding property dedicated to public use, is used for residential purposes, as defined in Section 311.006 of the Texas Tax Code; and WHEREAS, the total appraised value of taxable real property in the enlarged Zone and in any other existing reinvestment zones does not exceed fifteen percent of the total appraised value of taxable real property in the City and in the industrial districts created by the City; and WHEREAS, the enlarged Zone does not contain more than fifteen percent of the total appraised value of real property taxable by Harris County or the La Porte Independent School District, within whose boundaries the Zone, as enlarged, is located; and WHEREAS, the proposed improvements in the enlarged Zone will significantly enhance the value of all taxable real property in the Zone and will be of general benefit to the City.