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HomeMy WebLinkAboutPR 15455: REINVESTMENT ZONE DOWNTOWN AREAinteroffice MEMORANDUM To: Mayor, City Council, and City Manager From: Mark T. Sokolow, City Attorney ~'~ <y~f!'"1~~•"'~ Date: September 3, 2009 Subject: P. R. No. 15455; Council Meeting September 9, 2009 Attached is P. R. No. 15455 calling a Public Hearing as to consider the designation of a Reinvestment Zone for the Downtown area. MTS:ts Attachment z.pr15455 memo P. R. No. 15455 08/31/09 is RESOLIITION NO. A RESOLIITION CALLING A PIIBLIC HEARING TO CONSIDER THE DESIGNATION OF A REINVESTMENT ZONE FOR THE DOWNTOWN AREA WHEREAS, the City of Port Arthur deems it in the public's interest to consider the creation of a Tax Reinvestment Zone; and WHEREAS, pursuant to Chapter 312.201 of the Texas Tax Code, a public hearing must precede the creation of a reinvestment zone. WHEREAS, the downtown area appears to meet the criteria for a reinvestment zone due to (a) a substantial number of deteriorating structures, and (b) it is reasonably likely as a result of the designation to contribute to the retention or expansion of primary employment or to attract major investment in the zone that would be a benefit to the property and that would contribute to the economic development of the City NOW THEREFORE, BE IT RESOLVED BY THE CITY COIINCIL OF THE CITY OF PORT ARTHIIR: Section 1. That the facts and opinions in the preamble are true and correct. Section 2. That a public hearing to consider whether or not to create a reinvestment zone for the downtown area, as shown on Exhibit "A", shall be held on October 6, 2009 at 9:00 a.m. in the City Council Chambers, Fifth Floor, City Hall, 444 4th Street. z.pr15459 Section 3. That a Notice of this Hearing shall be given by the City Secretary to the presiding officer of each of the other taxing units that has taxing jurisdiction over the real property within the zone. Section 4. That Notice of the Hearing shall be published at least seven (7) days before the Hearing in the official newspaper of the City. Section 5. That a copy of the caption of this Resolution be spread upon the Minutes of the City Council. READ, ADOPTED AND APPROVED on this day of A.D., 2009, at a Meeting of the City Council of the City of Port Arthur, by the following vote: AYES: Mayor Councilmembers NOES: MAYOR ATTEST: TERRI HANKS, CITY SECRETARY APPROVED AS TO FORM: ~~ ~,".~ CITY ATTORNEY z.pr15459 _~ APPROV$D FOR ADMINISTRATION: CITY MANAGER z.pr15459 EXHIBIT "A" An area of the City, as map, which is the same geographic area for the Program, Round 2, which the Intercoastal Canal. denoted in the attached area, as denoted in the Neighborhood Stabilization includes the land south to ' q v> v~ in in y a ~ ~ 1 0~