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Ordinance No. 7,858961212 -1 ORDINANCE-NO. 7858 AN ORDINANCE SETTING A .DATE, TIME AND PLACE FOR THE PUBLIC HEARINGS CONCERNING THE CREATION OF "REINVESTMENT ZONE NO. ONE, CITY OF BAYTOWN' AND ITS BENEFITS TO THE CITY OF BAYTOWN AND TO THE PROPERTY LOCATED WITHIN THE ZONE; AUTHORIZING AND DIRECTING THE CITY CLERK TO PUBLISH NOTICE OF SUCH PUBLIC HEARING; AUTHORIZING AND DIRECTING THE CITY MANAGER TO REQUEST THE GOVERNING BODIES OF HARRIS COUNTY, LEE COLLEGE, AND GOOSE CREEK CONSOLIDATED INDEPENDENT SCHOOL DISTRICT TO WAIVE THE SIXTY -DAY NOTICE REQUIREMENT OF THE TAX INCREMENT FINANCING ACT; AUTHORIZING AND DIRECTING THE CITY MANAGER TO GIVE NOTICE AND MAKE PRESENTATIONS AS REQUIRED BY THE TAX INCREMENT FINANCING ACT; APPROVING A PRELIMINARY REINVESTMENT ZONE FINANCING PLAN; DIRECTING THE CITY MANAGER TO SEND A COPY OF THE PRELIMINARY REINVESTMENT ZONE FINANCING PLAN TO THE GOVERNING BODIES OF THE TAXING UNITS THAT LEVY TAXES ON REAL PROPERTY; AND PROVIDING FOR THE EFFECTIVE DATE THEREOF. BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF BAYTOWN, TEXAS: Section 1: On the 20th day of December, 1996, at 12:00 o'clock p.m. (noon), in the City Council Chambers of the City Hall of Baytown, Texas, the City Council will hold a public hearing giving all interested parties the right to appear and be heard on the creation of "Reinvestment Zone No. One, City of Baytown" (the "Zone ") and its benefits to the City of Baytown and to the property located within the Zone. Section 2: The City Clerk of the City of Baytown is hereby authorized and directed to cause notice of the public hearing to be published once in the newspaper having general circulation in the City not later than the seventh (7th) day before the date of the public hearing, all in accordance with Section 311.003(c) of the Texas Tax Code. Section 3: The City Manager of the City of Baytown is hereby authorized and directed to request the governing bodies of Harris County, .Lee College, and Goose Creek Consolidated Independent School District to waive the sixty-day notice requirement of the Tax Increment Financing Act pursuant to Section 311.003(e) of the Texas Tax Code. Section 4: The City Manager of the City of Baytown is hereby authorized and directed to give notice in writing of the City Council's intent to establish the Zone. Such notice is attached hereto as Exhibit "A" and incorporated herein for all intents and purposes. Section 5: The City Manager of the City of Baytown is hereby authorized and directed • to make presentations to the governing bodies of Harris County, Lee College, and Goose Creek Consolidated Independent School District and to give notice of such presentations to each taxing unit that levies real property taxes in the proposed zone of each presentation to be made to the governing 961212 -1a bodies of Harris County, Lee College, and Goose Creek Consolidated Independent School District. The presentation referred to in this section is attached hereto as Exhibit B" and incorporated herein for all intents and purposes. Section 6: The City Council of the City of Baytown, Texas, hereby approves the Preliminary Reinvestment Zone Financing Plan of the Zone. A copy of said plan is attached hereto as Exhibit "C" and incorporated herein for all intents and purposes. Section 7: The City Manager of the City of Baytown is hereby authorized and directed to cause to be sent a copy of the Preliminary Reinvestment Zone Financing Plan of the Zone to the governing body of each taxing unit that levies taxes on real property in the proposed Zone. Section 8: 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 12th day of December, 1996. ATTEST: EIL.EEN P. HALL, City Clerk APPROVED AS TO FORM: ACIO RAM REZ, SR. ity Attorney c: kl h2 5 \TI FH ew i ng&c.Ord • 2 `'Zi e ae� PETE C. ALFARO, Mayor