O-2014-3508 enlarging the boundaries of TIRZ No. 1

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City of LaPorte, Texas, Ordinance No.;O—35N AN ORDINANCE ENLARGING THE BOUNDARIES OF REINVESTMENT ZONE NUMBER ONE, CITY OF LA PORTE, TEXAS; CONTAINING FINDINGS AND PROVISIONS RELATED TO THE FOREGOING SUBJECT, PROVIDING FOR SEVERABILITY; CONTAINING AN OPEN MEETINGS CLAUSE; AND PROVIDING FOR 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 City may enlarge the boundaries of an existing reinvestment zone pursuant to Section 311.007, Texas Tax Code; and WHEREAS, the proposed enlarged zone ("Enlargement Area") meets the requirements for enlarging an existing reinvestment zone pursuant to Section 311.006(b), Texas Tax Code; and WHEREAS, the proposed improvements in the Enlargement Area will significantly enhance the value of all taxable real property in the proposed enlarged zone and will be of general benefit to the City; NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF LA PORTE, TEXAS THAT: Section 1. The findings and recitals contained in the preamble of this Ordinance are hereby found and declared to be true and correct and are adopted as part of this Ordinance for all purposes. Section 2. The City, acting under and in accordance with the provisions of Chapter 311, Texas Tax Code, including Sections 311.006 and 311.007(a), hereby amends Ordinance 99-2325 to enlarge Reinvestment Zone Number One, City of La Porte, Texas, by adding the Enlargement Area, designated by map illustration attached hereto as Exhibit A and incorporated for all purposes, and more specifically defined by survey metes and bounds description attached hereto as Exhibit B and incorporated for all purposes,. Section 3. The Zone shall be enlarged as of the effective date of this Ordinance.