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Ordinance No. 5,849910425 -15 ORDINANCE NO. 5849 AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF BAYTOWN, TEXAS NOMINATING AN AREA AS ENTERPRISE ZONE NO. 2 PURSUANT TO THE TEXAS ENTERPRISE ZONE ACT (TEXAS CIVIL STATUTES, ARTICLE 5190.7); PROVIDING TAX INCENTIVES; DESIGNATING AN AUTHORIZED REPRESENTATIVE TO ACT IN ALL MATTERS PERTAINING TO THE NOMINATION AND DESIGNATION OF THE AREA DESCRIBED HEREIN AS AN ENTERPRISE ZONE AND REINVESTMENT ZONE; AND FURTHER DESIGNATING A LIAISON TO ACT ON ALL MATTERS PERTAINING TO THE ENTERPRISE ZONE ACT ONCE DESIGNATED BY THE TEXAS DEPARTMENT OF COMMERCE. WHEREAS, the City Council of the City of Baytown, Texas desires to create the proper economic and social environment to induce the investment of private resources in productive business enterprises located in severely distressed areas of the City and to provide employment to residents of such area; and WHEREAS, certain conditions exist in such area which represent a threat to the health, safety, and welfare of the people of such area; and WHEREAS, it is necessary and in the best interest of the City to nominate such area as an Enterprise Zone pursuant to the Texas Enterprise Zone Act (Texas Civil Statutes, Article 5190.7, the "Act); NOW THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF BAYTOWN, TEXAS: Section 1: That the City hereby nominates the 2791 acre area more specifically described below as Enterprise Zone No. 2 in accordance with the Act: Beginning at the intersection of the south Right of Way (ROW) of West Texas Avenue and the west ROW of South Main and running thence west along the alignment of the south ROW of West Texas Avenue to the west ROW of North Pruett street; Thence, north along the west ROW of North Pruett Street to its intersection with the south ROW of West Lobit Avenue; Thence, west along the south ROW of West Lobit Avenue to its intersection with the southwest ROW of Decker Drive; Thence, north along the southwest ROW of Decker Drive to its intersection with the west ROW of North Airhart Driver Thence, south along the west ROW of North and South Airhart Drive to its intersection with the south ROW of Oakwood Street; 0 Thence, southwest along the alignment of Baytown Avenue and the Southern Pacific Railroad to its intersection with the City Limits adjoining Black Duck Bay; Thence, southeast along the City Limits adjoining Black Duck Bay and Tabbs Bay to the west ROW of Causeway Road: Thence, north along the west ROW of Causeway Road to its intersection with the north ROW State Highway 146; Thence, northeast along the north ROW of State Highway 146 to its intersection with the west ROW of South Main Street: Thence, north along the west ROW of South Main Street to its intersection with the south ROW of West Texas Avenue and the Point of Beginning. Section 2: That the City Council f inds the above described area meets the qualifications for designation as an Enterprise Zone under the provisions of the Act. Section 3: That the City Council will provide certain tax and other incentives applicable to business enterprises in the zone which are not applicable throughout the City as follows: The City shall abate taxes on the increase in value of real property improvements for qualified businesses that locate or expand in the designated Enterprise Zone. The level of abatement shall be based upon the extent to which the business receiving the abatement creates jobs for qualified employees or increases the amount of investment expended on the expansion, development, and /or rehabilitation of properties located within the zone in accordance with attached Exhibit A. Qualified employee shall be defined by Section 3 (a)(11) of the Texas Enterprise Zone Act, Article 5190.7. The City will waive or refund any and all building permit fees due or paid for such development, expansion, or rehabilitation project. The City will waive or refund any and all water and sewer tapping fees due or paid for qualified new developments or redevelopment projects involving qualified buildings within the zone. The City shall offer low- interest loans using the City's HUD -CDBG Revolving Loan Fund to assist businesses /property owners in carrying out eligible projects. Section 4: The incentives described in Section 3 above shall not be available to enterprises primarily involved in the retail sale of alcoholic beverages for on- premise consumption. 0 Section 5: That the area described in this ordinance is designated as an Enterprise Zone and a Reinvestment Zone, subject to the approval of the Texas Department of Commerce. Section 6: That the City Council directs and designates Emmett Hutto, Mayor, as the City's authorized representative to act in all matters pertaining to the nomination and designation of the area described herein as an Enterprise Zone and a Reinvestment Zone. Section 7: That the City Council further directs and designates Bobby Rountree, City Manager, as liaison for communication with the Texas Department of Commerce to oversee zone activities and communications with qualified businesses. Section 8: That a public hearing to consider this ordinance was held by the City Council on April 25, 1991. Section 9: That this ordinance shall take effect immediately from and after its passage by the City Council of the City of Baytown. INTRODUCED, READ and PASSED by the affirmative vote of the City Council of the City of Baytown, this the 25th April, 1991. `gyp OETT O. HUTTO, Mayor ATTEST: EIL'EENap. HALL, City Clerk McLEMORE, Assistant City Attorney C'��3 TAX ABATEMENT PROGRAMS Businesses requesting tax abatement must qualify under the General Tax Abatement or the Targeted Investment Support. 1. General Tax Abatement The amount of tax abated on an increment in value added to the ad valorem value of the property will be determined by the City's Tax Abatement Guidelines and criteria as set forth in Resolution No. 1001 passed by the City Council of the City of Baytown on November 12, 1987. 2. Targeted Investment Support Increased value of property improved in accordance with the program objectives shall be exempt from paying city property taxes for the lesser amount of either (a) the tax due for a period of five (5) years, or (b) until a cumulative tax exemption not to exceed $15,000 is attained. The cumulative tax exemption shall not exceed the total amount of the qualifying renovation /development investment. Eligible applicants include owners and renters of buildings and properties within the Enterprise Zone. Owners receiving tax exemption from improvements by renters shall insure that renters received rent concessions equal to the value of the cumulative tax exemption. Eligible activities include cosmetic and code renovations to existing commercial and industrial buildings and development of new commercial and industrial buildings. To qualify for this program, the applicants must remedy all code deficiency-pre- existing on the Property. 0:1:20:15 4