O-2022-3899 - Laserfiche WebLink

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City of La Porte, Texas, Ordinance No. 2022 - 3899 AN ORDINANCE APPROVING THE THRID AMENDMENT TO THE PROJECT PLAN AND REINVESTMENT ZONE FINANCING PLAN FOR REINVESTMENT ZONE NUMBER ONE, CITY OF LA PORTE, TEXAS, AND EXPANDING THE BOUNDARIES OF REINVESTMENT ZONE NUMBER ONE, CITY OF LA PORTE, TEXAS, BY 3.7 ACRES, TO INCLUDE THE PROPOSED SYLVAN BEACH ENCLAVE DEVELOPMENT; AUTHORIZING THE CITY SECRETARY TO DISTRIBUTE SUCH PLANS; CONTAINING FINDINGS AND PROVISIONS RELATED TO THE FOREGOING SUBJECT; PROVIDING FOR SEVERABILITY; CONTAINING AN OPEN MEETINGS CLAUSE; AND PROVIDING AN EFFECTIVE DATE. WHEREAS the City Council of the City of La Porte ("City") pursuant to the provisions of Chapter 311, Texas Tax Code, and Ordinance 99-2325, created Reinvestment Zone Number One, City of LaPorte, Texas, (the "Zone"); and WHEREAS, the Board of Directors of the Zone has adopted and recommended, and the City has approved, the Project Plan and Reinvestment Zone Financing Plan (the "Plan") for the Zone; and WHEREAS, the Board of Directors of the Zone has adopted and recommended, and the City has approved the 2013 Amendment to the Project Plan and Reinvestment Zone Financing Plan for Tax Increment Reinvestment Zone Number One that reflects the enlargement of the Zone Boundaries, and WHEREAS, in the said Ordinance 99-2325, the effective date specified for the Zone was January 1, 2000, and the termination date specified for the Zone was December 31, 2029, establishing a 30-year duration; and WHEREAS, the Board of Directors of the Zone has adopted and recommended, and in Ordinance 2021-3825 the City has approved the 2020 Amendment to the Project Plan and Reinvestment Zone Financing Plan for Tax Increment Reinvestment Zone Number One that authorized the extension of the duration of the Zone to December 31, 2034, establishing a 35-year duration, and WHEREAS, at its September 27, 2022, board meeting, the Board of Directors of the Zone considered and adopted the Third Amendment to the Plan that expands the boundaries of the Zone by 3.7 acres ("Expanded Area"), to include the proposed Sylvan Beach Enclave development ("Third Amendment"), and has recommended the Third Amendment for approval by the City; and