HomeMy WebLinkAboutOrdinance - 2001-O0090 - Terminating Tax Increment Financing District - 11/15/2001First Reading
November 15, 2001
Item No. 13
Second Reading
December 3, 2001
Item No. 16
ORDINANCE NO. 2001-00090
AN ORDINANCE TERMINATING THE TAX INCREMENT FINANCING
DISTRICT CREATED DECEMBER 18, 1986 IN ORDINANCE 8997.
WHEREAS, the City of Lubbock, by Ordinance 8997, December 18, 1986,
established a Tax Increment Financing District within the Neighborhood Development
Program Area, pursuant to the Texas Urban Renewal Law; and
WHEREAS, this Tax Increment Financing District is scheduled to end December
18,2001;and
WHEREAS, the City Council of the City of Lubbock has designated a new Tax
Increment Financing Reinvestment Zone for the Central Business District of Lubbock
that overlaps a portion of the Tax Increment Financing District created by Ordinance
8997; NOW, THEREFORE,
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LUBBOCK:
THAT the Tax Increment Financing District created by Ordinance 8997,
scheduled to terminate December 18, 2001, shall terminate on December 3, 2001.
AND IT IS SO ORDERED.
Passed by the City Council on first reading this 15th day of November, 2001.
Passed by the City Council on second reading this 3rd day of December, 2001.
ATTEST:
~ ~ ~-'h"'-ll eb cca Garza, City Secretary ~
gF e
Managing Director of Planning
LC:/Cityatt/Linda/TIF.termination.ord & ccdocs
November 6, 2001
Qf~Jat
WINDY SITON, MAYOR
APPROVED AS TO FORM:
/·-!. .. /?/ /1/' ------~-G~{ p?o'~ ~.,,,-«. ~ -
Linda L. Chamales c...--
Supervising Attorney