Ordinance No. 8,082970925 -3
ORDINANCE NO. 8082
® 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, AND ALL
AMENDMENTS THERETO, TO EXTEND SUCH TERMINATION DATE; 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,
and all amendments thereof are 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 December 31, 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 25 "' day of September, 1997.
/�� e 4�A� -
PETE C. ALFARO, Mayor
ATTEST:`
EILEEN P. HALL, City Clerk
APPROVED AS TO FORM:
® NACIO RAMIREZ, LA., City Attorney
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