HomeMy WebLinkAbout020869 RES - 01/23/1990A RESOLUTION
DECLARING A POLICY THAT THE CITY COUNCIL WILL NOT IMPOSE ANY
REINVESTMENT ZONES AGAINST THE WISHES OF ANY OF THE OTHER
TAXING ENTITIES, FORCING THEM INTO A REINVESTMENT ZONE.
WHEREAS, the 71st Legislature enacted certain changes to
state laws affecting Tax Incremental Financing Reinvestment Zones, and
these changes were applicable statewide with the exception of the
cities of El Paso and Corpus Christi; and
WHEREAS, other taxing entities within Corpus Christi, have
requested reconsideration of the exception to the changes in state
laws affecting reinvestment zones.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF CORPUS CHRISTI, TEXAS:
SECTION 1. That the City may establish reinvestment zones
as deemed necessary; however, the other taxing entities that collect
taxes in that zone shall have the option to participate or not
participate. Participation shall be self determined by the individual
taxing entities at the time the zone is established.
ATTEST:
i y Secretary
APPROVED:Z34,DAY OF �4 /
HAL GEORGE, CITY ATTORNEY
BYAseljaat City Aetrney
ORD-RES\90002
`` 71-71 c teA
MAYOR
THE CITY OF CORPUS CHRISTI
, 19/»
MICROFILMED
Corpus Christi, Texas
day Of _.
The above resolution was passed by the following vote:
Betty N. Turner !
David Berlanga, Sr.
Leo Guerrero 1 ',
Tom Hunt
Edward A. Martin
Joe McComb
Clif Mossri
Mary Rhodes J�
Frank Schwing, Jr.
99.066.01
4,__
, 198'