Resolution No. 3072 (Item 8.a.)RESOLUTION NO. 3072
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF BAYTOWN, TEXAS,
ADOPTING AN AMENDED TAX INCREMENT BASE VALUE OF THREE -
HUNDRED, FIFTY-ONE MILLION, THREE -HUNDRED, THIRTY-EIGHT
THOUSAND, EIGHT -HUNDRED, SIXTY-THREE DOLLARS ($351,338,863.00) FOR
TAX YEAR 2025 FOR TAX INCREMENT REINVESTMENT ZONE NUMBER TWO
AND APPROVING CORRESPONDING AMENDMENTS TO THE PROJECT AND
FINANCING PLAN; AND PROVIDING FOR THE EFFECTIVE DATE THEREOF.
WHEREAS, the City Council of the City of Baytown, Texas created the Baytown
Redevelopment Authority (the "Authority") as a Texas Local Government Corporation pursuant to Texas
Transportation Code 431; and
WHEREAS, the Authority is organized for the purpose of acting on behalf of Tax Increment
Reinvestment Zones Number Two, City of Baytown ("TIRZ No.2); and
WHEREAS, the Authority's By -Laws provide that the Authority is authorized to implement the
Project and Financing Plan for TIRZ No. 2; and
WHEREAS, in accordance with Chapter 311 of the Texas Tax Code, the Plan is to include a tax
increment base value using the certified taxable value which is to serve as the benchmark from which
future tax increments shall be calculated over the life of the TIRZ; and
WHEREAS, under Chapter 311, the Plan may be modified or amended; and
WHEREAS, on December 16, 2025 based on the certified taxable value provided by the Harris
County Appraisal District, the Authority's Board of Directors adopted a resolution recommending an
amended tax increment base value of THREE -HUNDRED, FIFTY-ONE MILLION, THREE -
HUNDRED, THIRTY-EIGHT THOUSAND, EIGHT -HUNDRED, SIXTY-THREE DOLLARS
($351,338,863.00) for TIRZ No. 2; and
WHEREAS, amending the base value enables the Project and Financing Plan to reflect an
accurate baseline, allowing the zone to properly capture incremental increases in taxable value in future
years; and
WHEREAS, the Authority has the power to recommend amendments to the tax increment base
value, and Project and Financing Plan to the City Council of the City of Baytown, Texas. NOW
THEREFORE,
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF BAYTOWN, TEXAS:
Section 1: That the City Council of the City of Baytown, Texas hereby adopts the amended
tax increment base value of THREE -HUNDRED, FIFTY-ONE MILLION, THREE -HUNDRED,
THIRTY-EIGHT THOUSAND, EIGHT -HUNDRED, SIXTY-THREE DOLLARS ($351,338,863.00) for
TIRZ No. 2 for tax year 2025, and modifies the Project and Finance Plan accordingly.
Section 2: This resolution shall take effect immediately from and after its passage by the City
Council of the City of Baytown, Texas.
INTRODUCED, READ and PASSED by the affirmative vote of the City Council of the City of
Baytown, Texas on this the 26`h day of February, 2026.
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CHARLES SON, Mayor
ATTEST:
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ANGELA CKSON. Cii� Cler i •0-�7w
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APPROVED AS TO FO
KRISTIN HOLMES, Assistant City Attorney
RAOrdinances and Resolutions\Resolution Drafts\City Counci1\2026-2-26\Res-TIRZ 2 base value-SL.docx