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Ordinance No. 9,197ORDINANCE NO. 9197 ® AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF BAYTOWN, TEXAS, DESIGNATING A CONTIGUOUS GEOGRAPHIC AREA WITHIN THE CITY OF BAYTOWN AS REINVESTMENT ZONE NUMBER ONE, CITY OF BAYTOWN, FOR TAX INCREMENT FINANCING PURPOSES PURSUANT TO CHAPTER 311 OF THE TEXAS TAX CODE; CREATING A BOARD OF DIRECTORS FOR SUCH ZONE; CONTAINING FINDINGS AND PROVISIONS RELATED TO THE REINVESTMENT ZONE; CONTAINING A SAVINGS CLAUSE; AND PROVIDING FOR THE EFFECTIVE DATE THEREOF. WHEREAS, pursuant to Chapter 311 of the Texas Tax Code, the City of Baytown (the "City ") may designate a contiguous geographic area within the City as a reinvestment zone if the area satisfies the requirements of certain sections of Chapter 311 of the Texas Tax Code; and WHEREAS, the City Council has prepared a preliminary reinvestment zone financing plan, which provides that the City of Baytown's ad valorem taxes are to be deposited into the tax increment fund, and that taxes of other taxing units may be utilized in the financing of the proposed zone; and WHEREAS, a copy of the preliminary plan was sent to the governing body of each taxing unit that levies taxes on real property in the proposed zone as soon as the plan was completed; and WHEREAS, the City Council provided written notice to the governing body of all taxing units levying taxes on property in the proposed zone of its intent to establish the proposed zone, which notice contained a description of the proposed boundaries of the zone, the tentative plans for the development or redevelopment of the zone and an estimate of the general impact of the proposed zone on property values and tax revenues; and WHEREAS, the City Council additionally provided written notice of the public hearing on the creation of the proposed zone, complying with the requirements of Chapter 311, Texas Tax Code, to the governing body of all taxing units levying taxes on property in the proposed zone; and WHEREAS, a notice of the requisite public hearing on the creation of the proposed zone and its benefits to the City of Baytown and to the property in the proposed zone was published on July 6, 2001, in the Baytown Sun, a newspaper of general circulation in the City; and WHEREAS, at the public hearing on July 26, 2001, interested persons were allowed to speak for or against the creation of the proposed zone, its boundaries, and the concept of tax increment financing; and owners of property in the proposed zone were given a reasonable opportunity to protest the inclusion of their property in the proposed zone; and WHEREAS, evidence was received and presented at the public hearing in favor of the ® creation of the proposed zone under the provisions of Chapter 311, Texas Tax Code, and no one appeared or presented evidence in opposition to the creation of the proposed zone; and ® WHEREAS, no owner of real property in the proposed zone protested the inclusion of his/her property in the proposed zone; and WHEREAS, the City has timely provided all information, and made all presentations, given all notices and done all other things required by Chapter 311, Texas Tax Code, or other law as a condition to the creation of the proposed zone; and WHEREAS, the total appraised value of taxable real property in the proposed zone, and in the City's existing reinvestment zones, does not exceed fifteen percent of the total appraised value of taxable real property in the City and in the industrial districts created by the City; and WHEREAS, the total appraised value of taxable real property taxable by Harris County, in which the proposed zone is located, is approximately $51,353,700; and WHEREAS, the total appraised value of real property taxable by the Goose Creek Independent School District, in which the proposed zone is located, is $51,353,700; and WHEREAS, the total appraised value of real property taxable by the Lee Community College District, in which the proposed zone is located, is $51,353,700; and WHEREAS, the total area within the proposed zone is approximately 400 acres, excluding property that is publicly owned; NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF BAYTOWN, TEXAS: Section 1. Findings. (a) That the facts and recitations contained in the preamble of this Ordinance are hereby found and declared to be true and correct and are adopted as part of this Ordinance for all purposes. (b) That the City Council further finds and declares that the proposed improvements in the zone will significantly enhance the value of all the taxable real property in the proposed zone and will be of general benefit to the City. (c) That the City Council further finds and declares that the proposed zone meets the criteria and requirements of Section 311.005 of the Texas Tax Code because the proposed zone contains a predominance of defective or inadequate sidewalk and street layout; faulty lot layout in relation to size, adequacy, accessibility, or usefulness; the deterioration of site and other improvements; economic disinvestments, is substantially open, vacant, and lack public water distribution, wastewater collection and storm drainage facilities, which conditions substantially ® impair and arrest the sound growth of the City. -2- 0 (d) That the City Council, pursuant to the requirements of Chapter 311, Texas Tax Code, further finds and declares: (1) That the proposed zone is a contiguous geographic area located wholly within the corporate limits of the City of Baytown; (2) That not more ' than 10 percent of the property in the proposed zone, excluding property that is publicly owned, is used for residential purposes; (3) That the total appraised value of taxable real property in the proposed zone, and in the City's existing reinvestment zones, does not exceed fifteen percent of the total appraised value of taxable real property in the City and in the industrial districts created by the City; (4) That the proposed zone does not contain more than fifteen percent of the total appraised value of real property taxable by Harris County, the Goose Creek Independent School District, and the Lee Community College District; and (5) That the development or redevelopment of the property in the proposed zone will not occur solely through private investment in the reasonably foreseeable future. Section 2. Designation of the Zone That the City Council, acting under the provisions of Chapter 311, Texas Tax Code, including Section 311.005(a), does hereby designate as a reinvestment zone, and create and designate a reinvestment zone over, the area described in Exhibit "A" and depicted in the map attached hereto as Exhibit "B" to promote the redevelopment of the area. Exhibits "A" and "B" are incorporated herein by this reference for all intents and purposes. The reinvestment zone shall hereafter be named for identification as Reinvestment Zone Number One, City of Baytown (the "Zone "). The City Council specifically declares that the Zone is designated pursuant to Section 311.005(a)(1) and (2) of the Texas Tax Code. Section 3. Board of Directors That there is hereby created a Board of Directors for the Zone, which shall consist of nine (9) members. Positions One through Six on the Board of Directors shall be reserved for the City. Positions Seven, Eight and Nine shall be reserved for Harris County, Goose Creek Consolidated Independent School District and Lee College, respectively, each of whom may appoint one director. Failure of a taxing unit to appoint a director by January 1, 2002, shall be deemed a waiver of the right to appoint a director, and the City shall be entitled to appoint persons to those positions. -3- ® The City Council is hereby authorized to nominate and appoint the directors to Positions One through Six of the Board of Directors, at any time it deems necessary. City Council may nominate and appoint the directors to any position unfilled on January 1, 2002, including positions created by the failure a taxing unit levying taxes within the Zone, to appoint a director by January 1, 2002. C. The directors appointed to odd - numbered positions shall be appointed for two -year terms, beginning on the effective date of this Ordinance, while the directors appointed to even - numbered positions shall be appointed to a one -year term, beginning on the effective date of this Ordinance. All subsequent appointments shall be for two -year terms. Each year the City Council shall appoint one member of the board to serve as chairman for a term of one year that begins on January 1 of the following year. The City Council authorizes the Board of Directors to elect from its members a vice - chairman and such other officers as the Board of Directors considers appropriate. The Board of Directors shall make recommendations to the City Council concerning the administration of Chapter 311, Texas Tax Code, in the Zone. The Board of Directors shall prepare and adopt a project plan and a reinvestment zone financing plan for the Zone as described in Section 311.011, Texas Tax Code, and shall submit such plans to the City Council for its approval. The City hereby delegates to the Board of Directors all powers necessary to prepare and implement the project plan and reinvestment zone financing plan, subject to approval by the City Council, including the power to employ any consultants or enter into any reimbursement agreements payable solely from the Tax Increment Fund established pursuant to Section 6 of this Ordinance, subject to the approval of the City Manager, that may be reasonably necessary or convenient to assist the Board of Directors in the preparation of the project plan and reinvestment zone financing plan and in the issuance of tax increment obligations. Section 4. Duration of the Zone That the Zone shall take effect immediately on the passage of this Ordinance and shall terminate on December 31, 2030, or at an earlier time designated by subsequent ordinance, or at such time, subsequent to the issuance of tax increment bonds, if any, that all project costs, tax increment bonds, notes and other obligations of the Zone, and the interest thereon, have been paid in full. Section 5. Tax Increment Base That the Tax Increment Base of the City or any other taxing unit participating in the Zone for the Zone is the total appraised value of all real property taxable by the City or other taxing unit participating in the Zone and located in the Zone, determined as of January 1, 2001, the year in which the Zone was designated as a reinvestment zone (the "Tax Increment Base "). 52 Section 6 Tax Increment Fund That there is hereby created and established a Tax Increment Fund for the Zone which may be divided into subaccounts as authorized by subsequent ordinances. All Tax Increments, as defined below, shall be deposited in the Tax Increment Fund. The Tax Increment Fund and any subaccount shall be maintained at the depository bank of the City and shall be secured in the manner prescribed by law for funds of Texas cities. The annual Tax Increment shall equal the property taxes levied by the City and any other taxing unit participating in the Zone for that year on the captured appraised value, as defined by Chapter 311 of the Texas Tax Code, of real property located in Zone that is taxable by the City or any other taxing unit participating in the Zone, less any amounts that are to be allocated from the Tax Increment pursuant to Chapter 311 of the Texas Tax Code. All revenues from the sale of any tax increment bonds, notes or other obligations hereafter issued for the benefit of the Zone by the City, if any; revenues from the sale of property acquired as part of the project plan and reinvestment zone financing plan, if any; and other revenues to be used in the Zone shall be deposited into the Tax Increment Fund. Prior to the termination of the Zone, money shall be disbursed from the Tax Increment Fund only to pay project costs, as defined by the Texas Tax Code, for the Zone, to satisfy the claims of holders of tax increments bonds or notes issued for the Zone, or to pay obligations incurred pursuant to agreements entered into to implement the project plan and reinvestment zone financing plan and achieve their purpose pursuant to Section 311.010(b) of the Texas Tax Code. Section 7. Severability If any provision, section, subsection, sentence, clause or phrase of this Ordinance, or the application of same to any person to set circumstances, is for any reason held to be unconstitutional, void or invalid, the validity of the remaining provisions of this Ordinance or their application to other persons or set of circumstances shall not be affected thereby, it being the intent of the City Council in adopting this Ordinance that no portion hereof or regulations connected herein shall become inoperative or fail by reason of any unconstitutionality, voidness or invalidity of any portion hereof, and all provisions of this Ordinance are declared severable for that purpose. Section 8. Effective Date. 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 9th day of August, 2001. Ile" C' PETE C. ALFARO, ayor -5- ATTEST: 4wly,. SMITH, City Clerk APPROVED AS TO FORM: CICAACIO RAMIREZ, SR., Cit Attorney wc:kll1272 \City Council\OrdinancesTroposed "rIRZC real ionOrd(7- 31- 01)Clean' -6- • PRELIMINARY DESCRIPTION OF: TAX INCREMENT REINVESTMENT ZONE NUMBER ONE CITY OF BAYTOWN, TEXAS Of 350 Acres of land lying in the G. C. DAVIS Survey, Abstract No. 1472, W.C.R.R. Co. Survey, Abstract No. 899, and the T. PATCHING Survey, Abstract No. 620, near Baytown, in Harris County, Texas, said 350 Acre tract is more particularly described by metes and bounds as follows: BEGINNING, at the intersection of the South Right -of -Way of Interstate Highway 10 and East Right -of -Way of Garth Road; THENCE Southwesterly, along a cutback corner at the intersection of the East Right -of -Way of said Garth Road and the South Right -of -Way of said Interstate Highway 10, a distance of 51 feet to a point for corner; THENCE Southerly, along the East Right -of -Way of said Garth Road, a distance of 2898 feet to a point for corner; THENCE Westerly, crossing said Garth Road, a distance of 3239 feet to a point for corner; THENCE Northerly, a distance of 1853 to a point for corner; THENCE Westerly, a distance of 359 feet to a point for comer; THENCE Northerly, a distance of 1203 feet to a point for comer; THENCE Easterly, along the South Right -of -Way of said Interstate Highway 10, a distance of 3695 feet to a point for comer; THENCE Northerly, crossing the Right -of -Way of Said Interstate Highway 10, a distance of 304 feet to a point for corner: THENCE Northeasterly, along a cutback at the intersection of the West Right -of -Way of said Garth Road and the North Right -of -Way of said Interstate Highway 10, a distance of 77 feet to a point for comer; THENCE Northerly, along the West Right -of -Way of said Garth Road, a distance of 613 feet to a point for comer; THENCE Westerly, a distance of 661 feet to a point for corner; THENCE Southerly, a distance of 219 feet to a point for corner; THENCE Westerly, a distance of 1059 feet to a point for comer; THENCE Southerly, a distance of 22 feet to a point for comer; THENCE Westerly, a distance of 110 feet to a point for corner; THENCE Northerly, along the East line of LAKE P.U.D., same being the City Limits of Baytown, a distance of 2280 feet to a point for comer; 0 THENCE Easterly, along the North line of EASTPOINT, according to. the Map or Plat thereof recorded in Volume 115, Page 337, H.C.M.R., at a distance of 1824 feet pass the West Right -of -Way of said Garth Road, and continuing in all a distance of 1904 feet to a point for corner; THENCE Southerly, along the East Right -of -Way of said Garth Road, a distance of 2954 feet to a point for corner; THENCE Southeasterly, along the cutback corner at the intersection of the East Right -of -Way of said Garth Road and the North Right -of -Way of said Interstate Highway 10, a distance of 71 feet to a point for corner; THENCE Southerly, crossing the said Interstate Highway 10, a distance of 304 feet to the POINT OF BEGINNING, containing within these calls 350 Acres of land. WITNESS MY HAND AND SEAL THIS THE DAY OF 12001. Donald K. Hall Registered Professional Land Surveyor No. 4070 • C. THE CITY COUNCIL MEETING FOR JULY 26, 2001, THERE WERE ONLY RESOLUTIONS CONSIDERED. NO ORDINANCES WERE PRESENTED FOR CONSIDERATION. 11