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CC Resolution No. 2439RESOLUTION NO. 2439 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF BAYTOWN, TEXAS, CREATING THE BAYTOWN REVITALIZATION INCENTIVE ZONE, A NEIGHBORHOOD EMPOWERMENT ZONE WITHIN A PORTION OF THE CITY OF BAYTOWN; MAKING APPROPRIATE FINDINGS RELATED THERETO; EXERCISING MUNICIPAL POWERS TO ESTABLISH INCENTIVES WITHIN THE ZONE; ESTABLISHING THE EFFECTIVE AND EXPIRATION DATES OF THE ZONE AND A MECHANISM FOR RENEWAL OF THE ZONE; AND PROVIDING FOR THE EFFECTIVE DATE THEREOF. *********************************************** * * * * * * * * * * * * * * * * * * * * * * * * * * * * * ** WHEREAS, the City Council of the City of Baytown, Texas, desires to create the proper economic environment to induce the investment of private resources to promote both an increase in economic development and the rehabilitation of affordable housing within the City; and WHEREAS, the establishment of a neighborhood empowerment zone is an economic development tool which the City Council believes will be effective in creating such economic environment; and WHEREAS, this economic development tool vests the City with various development powers in the area which is designated as a neighborhood empowerment zone, including the waiver of building permit fees and impact fees as well as the abatement of taxes; and WHEREAS, the City Council hereby determines that the creation of a neighborhood empowerment zone covering part of the City of Baytown will promote both an increase in economic development and the rehabilitation of affordable housing within such zone; and WHEREAS, the City Council of the City of Baytown hereby finds that the neighborhood empowerment zone to be created herein satisfies the requirements of Section 312.202 of the Texas Tax Code, in that the area described hereinbelow: substantially arrests or impairs the sound growth of the City and retards the provision of housing in its present condition and use because of the presence of- a. a substantial number of deteriorating structures and/or b. the deterioration of site or other improvements; and 2. is reasonably likely as a result of the neighborhood enterprise zone designation to contribute to the retention or expansion of primary employment or to attract major investment in the zone that would be a benefit to the property and that would contribute to the economic development of the City; and WHEREAS, the City Council of the City of Baytown lastly finds that creation of the neighborhood empowerment zone benefits and is for the public purpose of increasing the public health, safety and welfare of persons in the City; NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF BAYTOWN, TEXAS: Section 1: That all matters and facts set forth in the recitals above are found to be true; and are adopted as the findings of the City Council of the City of Baytown, Texas. All required findings pursuant to Chapter 378 of the Texas Local Government Code necessary to establish the neighborhood empowerment zone created herein are hereby declared to have been made and adopted as findings of the City Council of the City of Baytown. Section 2: That the City Council of the City of Baytown, Texas, hereby creates a neighborhood empowerment zone to be known as the Baytown Revitalization Incentive Zone, consisting of that area more particularly described in Exhibit "A," which is attached hereto and incorporated herein for all intents and purposes. Section 3: That the City Council authorizes the exercise of the following municipal powers within the neighborhood empowerment zone created in Section 2 hereof for qualified improvement projects in accordance with the Incentive Policy for the Baytown Revitalization Incentive Zone adopted via ordinance on this date: ➢ waiver of construction permit fees; ➢ waiver of impact fees; and ➢ refund of a portion of municipal ad valorem taxes paid on new eligible improvements. Section 4: The Baytown Revitalization Incentive Zone shall take effect on September 22, 2016, and shall expire on September 21, 2018; provided the zone may be renewed by the City for one or more subsequent terms of two years. Section 5: This resolution shall take effect immed� from and after its passage by the City Council of the City of Baytown. INTRODUCED, READ and PASSED by the affirryla ve vote of the City Council of the City of Baytown this the 22nd day of September, 2016. / A DONCARLOS, Ma AT EST: ` SpXTOWN T LETICIA BRYSCW, City k APPROVED AS TO FORM: y 4A"C R AMIREZ OF , SR., C' Attorney RAKaren\Files',City Council `.Resolutions\2016.September 22 EstablishmentotNEZ.doc 2 H . Exhibit "A" 0 N 4) 4) (L N 0 a) 0 z O 0 N 4) 4) 0 ev N cd 4) w ,115 0 (a 0 CL 0 I— CL 3 OF 'j