O-2014-3509 amended TIRZ No. 1 Project Plan and Reinvestment Zone Financing Plan

Browse Search

City of La Porte, Texas, Ordinance No.6509 AN ORDINANCE APPROVING THE 2013 AMENDMENT TO THE PROJECT PLAN AND REINVESTMENT ZONE FINANCING PLAN FOR REINVESTMENT ZONE NUMBER ONE, CITY OF LA PORTE, TEXAS; 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 "Pian") for the Zone; and WHEREAS, Chapter 311 of the Texas Tax Code authorizes the enlargement of the Zone and amendments to the Plan; and WHEREAS, the Board of Directors of the Zone considered and adopted The 2013 Amendment to the Project Plan and Reinvestment Zone Financing Plan for Tax Increment Reinvestment Zone Number One (the "Amendment") that reflects the enlargement of the Zone, and recommended the Amendment for approval by City Council; and WHEREAS, the City enlarged the boundaries of the existing reinvestment zone pursuant to Section 311.007, Texas Tax Code; and WHEREAS, after public notice thereof was given in accordance with the law, the City Council conducted a public hearing on October 28, 2013, on the proposed Amendment, at which property owners and other interested persons were allowed to speak; and WHEREAS, evidence was received and presented at the public hearing in favor of the proposed Amendment; NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF LA PORTE, TEXAS THAT: