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Home My WebLink AboutResolution - 2001-R0353 - Notice Of Intent To Establish TIF For Central Business District Of Lubbock - 09/13/2001Resolution No. 2001—RO353 September 13, 2001 Item No. 50A RESOLUTION WHEREAS, the City of Lubbock intends to establish a Tax Increment Financing Reinvestment Zone for the City of Lubbock pursuant to the Tax Increment Financing Act ("Act") for the purpose of encouraging development and redevelopment; and WHEREAS, the boundaries of the Tax Increment Financing Reinvestment Zone for the Central Business District, are described in the attachment designated as Exhibit "A" and shown on the map attached hereto as Exhibit "B", said area for Central Business District TIF being within the City Limits of the City of Lubbock; and WHEREAS, Section 311.003 of the Act provides that not less than the 60th day before the date of the Public Hearing, the governing body of the municipality must notify in writing the governing body of each taxing unit that levies real property taxes in the proposed Zone that the municipality intends to establish a Tax Increment Financing Reinvestment Zone; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LUBBOCK: SECTION 1: THAT the Mayor of the City of Lubbock is hereby authorized to sign a Notice of Intent to Establish a Tax Increment Financing Reinvestment Zone for the Central Business District of the City of Lubbock; and SECTION 2: THAT the Notice shall be sent to all taxing entities and shall include all descriptions and other documents as required by State law; and SECTION 3: THAT this resolution shall be effective immediately upon its passage. Passed by the City Council this 13th day of September , 2001 a N, MA OIC' ATTEST: Managing Director of Planning APPROVED AS TO FORM: Linda L. Chamales Supervising Attorney, Office Practice LC:/Cityatt/Linda/T1F.res & ccdocs September 6, 2001 Resolution No. 2001-RO353 September 13, 2001 Item No. 50A Central Business District Tax Increment Finance District Proposed Boundary Description Exhibit A September 13, 2000 Beginning at the northwest corner of the intersection of 3rd Street and University Avenue, Then east along the northern right-of-way of 3rd Street to Texas Avenue; Then north along the eastern right-of-way of Texas Avenue to the northern right - of way of 2nd Place, Then east along the northern right-of-way of 2nd Place to the western right-of-way of the alley west of Avenue H, Then north along the western right-of-way of the alley to 1st Place; Then east along the southern right-of-way of 1st Place to Avenue H; Then north to the northern section line of Block A, Section 79, Then east along the section line to the northeast corner of Tobasco Valley Addition, Lot 1; Then south to the eastern right-of-way of Interstate Highway 27; Then south east along the eastern right-of-way of Interstate Highway 27 to the northern right-of-way of the Marsha Sharp Freeway; Then west along the northern right-of-way of the Marsha Sharp Freeway to the eastern right-of-way of Avenue Q; Then south along Avenue Q to the southern right-of-way of the Marsha Sharp Freeway; Then east along the southern right-of-way of Marsha Sharp Freeway to the eastern right-of-way of Interstate 27, Then south along the Interstate 27 right-of-way to a point parallel with the southern edge of the Buddy Holly Avenue underpass of Interstate 27; Then west and north along the southern edge of the underpass to the west right- of-way of Buddy Holly Avenue; Then north to the northern right-of-way of 23rd Street; Then west to the western right-of-way of the alley between Avenue J and Avenue K; Then north along the western right-of-way of the alley to the north boundary of Lot 7, Block 1, Mrs. I.A. Boyd Subdivision of Block 1, South Side Addition; 1 Then west to the western right-of-way of Avenue K; Then south to the northern boundary of the South %2 of Lot 12, Block 1, J.V. Roy Subdivision; Then west to the western right-of-way of the alley between Avenue K and Avenue L; Then north along the western right-of-way of the alley to the northern boundary of lot 2-A, Block 1, J.V. Roy Subdivision; Then west to the western right-of-way of Avenue L; Then north to the northern boundary of Lot 15, Block 1, Pickett and Penney Addition; Then along the northern boundary of Lots 15 and 6, Block 1, Pickett and Penney Addition to the western right-of-way of Avenue M; Then south to the northern boundary of the south Y2 of Lot 6, Block 1, Penney Addition; Then west to the western right-of-way of the alley; Then south along the western right-of-way of the alley to the northern boundary of Lot 7, Block 1, Myrick's Addition; Then west to the western right-of-way of Avenue N; Then north to the northern boundary of Lot 4, Block 2, Myrick's Addition; Then west to the western right-of-way of the alley between Avenue N and Avenue O; Then south along the western right-of-way of the alley to the southeast corner of Block 1, McCrummen's 1 St Addition; Then west to the southwest corner of Block 1, McCrummen's 1 St Addition; Then north to the northern boundary of Lot 4, Block 7, Heim Addition; Then west to the western right-of-way of Avenue O; Then south to the northern boundary of Lot 7, Block 8, McCrummen's 1St Addition, Then west to the western right-of-way of Avenue P; Then south to the northern boundary of Lot 4, Block 1, Summers Cockrell Addition; Then west to the western right-of-way of the alley; Then north along the western right-of-way of the alley to the northern boundary of the south 50 feet of Lot 3, Dixieland Addition; 2 Then west to the northeast corner of Lot 22, Dixieland Addition; Then west to the western right-of-way of the alley between Avenue P and Avenue Q and south to the northern boundary of Lot 18, Block 2, McCrummen's 2nd Addition (also known as Davis Subdivision of Block 2, McCrummen's 2nd Addition, unrecorded); Then west to the western right-of-way of Avenue Q; Then north to the northern boundary of Lot 3, Block 3, Knight Subdivision of Block 3, McCrummen's 2nd Addition; Then west to the western right-of-way of the alley between Avenue Q and Avenue R; Then north along the western right-of-way of the alley between Avenue Q and Avenue R to the southern right-of-way of 7t" Street; Then west to the southwest corner of the intersection of 7th Street and Avenue R; Then north along the western right-of-way of Avenue R to the northwest corner of the intersection of 6th Street and Avenue R; Then east to the western right-of-way of the alley between Avenue R and Avenue Q; Then north along the western right-of-way of the alley to the northern right-of-way of the Marsha Sharp Freeway, Then west along the Marsha Sharp Freeway right-of-way to the western right-of- way of University Avenue, Then north to the point of beginning. 3 Resolution No- 7n61_,RnAc;,A J E-IPQ r" L NY j LJ L/ -E _--f .... . ..... 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MI. 7E 7f7 "l P;1MTT1 JZ - T LU _J L117 J+L� L -1 LAEPET I" I 'IT J Lida =11 11LEFE] Fj L j 1EI1 _F T.I_ E 17 F] IL Tjf _ I I i M - 1 PE -11 M IM3 EMTTJ U Z tL T J ..2 f ' -1 j [T=[P, L71HUH d `]T- F l�,TL� T-] Q�IaILiIi=� =ff �l 1L f I FTJ MT- m �#7�7__ W U W Is .4 Proposed TIF Boundary 1*41 Marsha Sharp Freeway 0 CJ 1 F1 L -J L.._:__i Proposed Central Business District Tax Increment Finance District Boundary Exhibit B September 13, 2001 t Resolution No. 2001-RO353 September 13, 2001 Item No. 50A NOTICE OF THE INTENTION OF THE CITY OF LUBBOCK, TEXAS TO ESTABLISH A REINVESTMENT ZONE FOR TAX INCREMENT FINANCING PURSUANT TO THE TAX INCREMENT FINANCING ACT, TEXAS TAX CODE ANN. CHAPTER 311 FOR THE CENTRAL BUSINESS DISTRICT AREA, CITY OF LUBBOCK, TEXAS School Board Lubbock Independent School District Bob Craig, Chair 1628 19th St. Lubbock, Texas 79401 (806) 766-1086 Lubbock County Commissioners Court Honorable Tom Head, County Judge 904 Broadway Lubbock, Texas 79401 (806) 775-1000 Board of Managers Lubbock County Hospital District Joan Ervin, Chair P.O. Box 5980 Lubbock, Texas 79417 (806) 743-3313 High Plains Underground Water Conservation District James Mitchell, Chair 2930 Avenue Q Lubbock, Texas 79405 (806) 762-0181 HONORABLE MEMBERS OF THE ABOVE GOVERNING BODIES: Pursuant to Resolution No. 2001-80353 , approved by the City Council of the City of Lubbock, Texas on September 13, 2001, a certified copy of which is attached hereto as Exhibit "A", the City of Lubbock intends to establish a Reinvestment Zone for the Central Business District area pursuant to the Tax Increment Financing Act ("Act") for the purpose of encouraging development and redevelopment. The boundaries for the proposed Reinvestment Zone for the Central Business District Area are shown on the map attached hereto as Exhibit `B." A description of the tentative plans for the development of the proposed Reinvestment Zone and an estimate of the general impact of the proposed Reinvestment Zone on property values and tax revenues are attached hereto as Exhibit "C." A public hearing to receive public comment on the creation of the proposed Reinvestment Zone and its benefits to the City and to the property in the proposed Reinvestment Zone is scheduled to be held at 11:00 a.m. on November 15, 2001 in the City Council Chambers, Lubbock City Hall, 1625 13th Street, Lubbock, Texas. The City of Lubbock requests that you designate a representative, not later than the 15th day after the date of this notice as required by the Act, to meet with the City Council's designated representatives to discuss the project plan and the Reinvestment Zone financing plan. A meeting of the representatives of all the taxing entities involved has been set for 10:30 a.m., October 10, 2001, in Room 103, Lubbock City Hall, 1625 13th Street. For more information on this matter, please contact Mr. Craig Farmer, Managing Director, Planning, City of Lubbock, at (806) 775-3308. Dated this 13th day of September, 2001 WINDY SIT ON, MAYOR ATTEST: Rebecca Garza, City Secretary