2014 11 11 Resolution RESOLUTION REQUESTING APPROVAL OF EXCLUSION OF LAND AND
EXTENSION OF TERM
WHEREAS, Tax Increment Reinvestment Zone Number One, City of Baytown,
Texas (the "Zone'), was created by Ordinance No. 9197 of the City of Baytown, Texas
(the "City") pursuant to Chapter 311 of the Texas Tax Code, as amended; and
WHEREAS, the Board of Directors has determined that, to better implement the
Zone's Project Plan and Reinvestment Zone Financing Plan, as amended, it would be
best to exclude the area of the San Jacinto Mall from the Zone boundaries, on the basis
that the excluded land will not benefit from inclusion in the Zone, and the
improvements and financing contemplated by the Plan will be enhanced by the
exclusion of such land from the Zone; and
WHEREAS, the exclusion of such land from the Zone is in accordance with
applicable law, including the applicable provisions of Sections 311.006 and 311.007,
Texas Tax Code; and
WHEREAS, the Board of Directors has further determined that the term of the
entirety of the remaining land in the Zone should be extended, as provided in Section
311.007(c), Texas Tax Code, to December 31, 2045, to allow additional time for the
implementation of the Plan; NOW, THEREFORE
BE IT RESOLVED BY THE BOARD OF DIRECTORS OF TAX INCREMENT
REINVESTMENT ZONE NUMBER ONE, CITY OF BAYTOWN, TEXAS, THAT:
Section 1: The findings contained in the preamble to this resolution are
declared to be true and correct and are hereby adopted as part of this resolution.
Section 2: The City Council of the City is hereby requested to exclude the San
Jacinto Mall land from the Zone boundaries, and to extend the term of the Zone until
December 31, 2045. The officers and consultants of the Zone are hereby authorized and
directed to do any and all things reasonably necessary to assist the City in the
implementation of this resolution.
PASSED and APPROVED P D V. I 201 .
ATTEST: f Chair, Board -rectors
Sec ary, Board of Directors
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