Ordinance No. 15,635 ORDINANCE NO. 15,635
AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF BAYTOWN,
TEXAS, DESIGNATING A NON-CONTIGUOUS GEOGRAPHIC AREA
WITHIN THE CITY OF BAYTOWN AS REINVESTMENT ZONE NUMBER
TWO, CITY OF BAYTOWN, FOR TAX INCREMENT FINANCING
PURPOSES PURSUANT TO CHAPTER 311 OF THE TEXAS TAX CODE;
CREATING A BOARD OF DIRECTORS FOR SUCH A ZONE; CONTAINING
FINDINGS AND PROVISIONS RELATED TO THE REINVESTMENT ZONE;
CONTAINING A SAVINGS CLAUSE; AND PROVIDING FOR THE
EFFECTIVE DATE THEREOF.
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WfIEREAS, pursuant to Chapter 311 of the Texas Tax Code, the City of Baytown (the
"City")may designate a non-contiguous geographic area within the City as a reinvestment zone if
the area satisfies the requirements of certain sections of Chapter 311 of the Texas Tax Code; and
WHEREAS, the City Council has prepared a preliminary reinvestment zone project and
financing plans, which provides that the City of Baytown's ad valorem taxes are to be deposited
into the tax increment fund, and that taxes of other taxing units may be utilized in the financing of
the proposed zone; and
WHEREAS, a notice of the requisite public hearing on the creation of the proposed zone
and its benefits to the City of Baytown and to the property in the proposed zone was published on
December 5, 2023, in the Baytown Sun, a newspaper of general circulation in the City; and
WHEREAS, at the public hearing held on December 14, 2023, interested persons were
allowed to speak for or against the creation of the proposed zone, its boundaries, and the concept
of tax increment financing; and owners of property in the proposed zone were given a reasonable
opportunity to protest the inclusion of their property in the zone; and
WfIEREAS, evidence was received and presented at the public hearing in favor of the
creation of the proposed zone under the provisions of Chapter 311, Texas Tax Code, and no one
appeared or presented evidence in opposition to the creation of the proposed zone; and
WHEREAS, no owner of real property in the proposed zone protested the inclusion of
his/her property in the proposed zone; and
WHEREAS, the City has timely provided all information, and made all presentations,
given all notices and done all other things required by Chapter 311, Texas Tax Code, or other law
as a condition of the creation of the proposed zone; and
WHEREAS,the total appraised value of taxable real property in the proposed zone, and in
the City's 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