Ordinance No. 8,005970626 -3
ORDINANCE NO. 8005
AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF BAYTOWN,
TEXAS, AMENDING ORDINANCE NO. 7868, WHICH ESTABLISHED AND
DESIGNATED REINVESTMENT ZONE NO. ONE, CITY OF BAYTOWN
PURSUANT TO THE TAX INCREMENT FINANCING ACT, TO EXTEND THE
AUTOMATIC TERMINATION DATE OF THE ZONE; AND PROVIDING FOR
THE EFFECTIVE DATE THEREOF.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF BAYTOWN, TEXAS:
Section 1: That Section 4 of Ordinance No. 7868 of the City Council of the City of
Baytown, Texas, which established and designated Reinvestment Zone No. One, City of Baytown,
is hereby amended to read as follows:
Section 4:,- Reinvestment Zone No. One, City of Baytown, shall take
effect on January 1, 1997, and shall automatically terminate on September 30, 1997,
should the City Council not approve both the financing plan and the project plan
prior to such date, or upon the date on which all project costs, tax increment bonds,
and interest on those bonds have been paid in full, unless sooner terminated by the
City Council by the adoption of an ordinance.
Section 2: 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 26t1i day of June, 1997.
PETE C. ALFARO, Mayor
ATTEST:
EILEEN P. HALL, City Clerk
APPROVED AS TO FORM:
ACIO RAMIRE R., City Attorney
c:kIh421cound1\ordinances \'1'1 Plwxtension.Ord