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HomeMy WebLinkAboutOrdinance - 2009-O0010 - Designating A Reinvestment Zone Within The City (Chapt 312) Boundaries Of Zone - 02/12/2009First Reading February 12. 2009 Item No. 6.3 ORDINANCE NO. 2009-()0010 Second Reading February 26. 2009 Ite. No. 5.5 AN ORDINANCE DESIGNATING A REINVESTMENT ZONE WITHIN THE CITY OF LUBBOCK AS AUTHORIZED BY CHAPTER 312, TAX CODE; DESCRIBING THE BOUNDARIES OF SAID ZONE; DESCRIBING THE ELIGIBILITY OF SAID ZONE FOR COMMERCIAL-INDUSTRIAL TAX ABATEMENT; PROVIDING A SAVING CLAUSE AND PROVIDING FOR PUBLICATION. WHEREAS, Chapter 312 of the Tax Code authorizes the City Council of the City of Lubbock to designate a Reinvestment Zone for Commercial-Industrial tax abatement purposes; and WHEREAS, the City of Lubbock has heretofore established its intent to participate in tax abatement by Resolution and has established guidelines and criteria for commercial-industrial tax abatement within the City of Lubbock; and WHEREAS, the City Council of the City of Lubbock declared its intent to create said Reinvestment Zone by its adoption of Resolution No. 2009-R0039 on January 22, 2009;and WHEREAS, the City Council caused a Notice of Intent to create said Reinvestment Zone to be delivered to all taxing units levying taxes on real property within the zone; and WHEREAS, the boundaries of the Reinvestment Zone were described in the Exhibit A attached to and made a part of Resolution No. 2009-R0039; and WHEREAS, the City Council held a public hearing to consider the establishment of said reinvestment zone which was conducted on February 12, 2009, prior to the adoption of this Ordinance; and WHEREAS, the City Council found at the conclusion of said hearing that the improvements sought for the property within the Reinvestment Zone are feasible, practical and would benefit the land; and WHEREAS, the City Council of the City of Lubbock has determined and finds that the real property to be included in the Reinvestment Zone will be reasonably likely as a result of the designation to contribute to the retention or expansion of primary employment and would contribute to the economic development of the City of Lubbock; NOW THEREFORE; BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF LUBBOCK: SECTION 1: THAT by and under the authority of Chapter 312, Tax Code, the following described real property located within the City of Lubbock, County of Lubbock, Texas, is hereby designated as a Reinvestment Zone: Tract A, Rolling Plains Addition, City of Lubbock, Lubbock County, Texas A map depicting the area designated as the Reinvestment Zone is attached hereto as Exhibit 1 and hereby incorporated in this Ordinance. SECTION 2. THAT the area of the Reinvestment Zone will be reasonably likely as a result of the designation to contribute to the retention or expansion of primary employment and will contribute to the economic development of the City of Lubbock. SECTION 3. THAT should any paragraph, section, sentence, phrase, clause or word of this Ordinance be declared unconstitutional or invalid for any reason, the remainder of this Ordinance shall not be affected thereby. SECTION 4. THAT the City Secretary of the City of Lubbock is hereby authorized and directed to cause publication of the descriptive caption of this Ordinance as an alternative method provided by law. AND IT IS SO ORDERED. Passed by the City Council on first reading this 12th day of February Passed by the City Council on second reading this 26thday of February TOM MARTIN, MAYOR ATTEST: APPROVED AS TO CCNTENT: APPROVED AS TO FORM: -~·-~c=;;>~~4_~ Linda L Chamales, Economic Development Attorney LC:cityatt/LindaiReinvestmentZoneOrd·Sun-star, Jan. 27.2009 2 '2009. '2009. Exhibit 1 Ordinance No. 2009-oOOIO Sun-Star Reinvestment Zone NORTH Legend ~ Reinvestment Zone c:::J Parcels Streets 0 100 200 300 Feet PUBLIC HEARING NOTICE The City of Lubbock, Texas, will conduct a public hearing Thursday, February 12, 2009, at 10:00 a.m. in the City Council Chambers, 1625 13th Street, to receive input concerning the adoption of an ordinance to designate a reinvestment zone as authorized by Chapter 312, Tax Code. The proposed Sun-Star Reinvestment Zone is located at 7722 34th Street and is further described as Tract A Rolling Plains Addition to the City of Lubbock, Lubbock County, Texas. The feasibility of the improvements, benefit to the zone, and criteria that makes the area eligible as a reinvestment zone will be discussed at the public hearing. All interested parties are encouraged to attend and present their views. Sun-Star Reinvestment Zone woau • Legend R•iiMIIoCmerttZone r=t P~rcets --Sll'Mb i ~ r--.___ t;~ ~ ---~;vf}r~ \ ........_ 0 100 :!00 -.... Finance Department Public Hearing Notice -Posting Sun-Star RZ Sun-Star RZ 1- -~ ... -- ~ ............... Date Posted: February 2, 2009 Time Posted: 9:30 a.m.