HomeMy WebLinkAbout029781 ORD - 03/26/2013Page 1 of 2
Ordinance
Defining "Catalyst Area" and Establishing the Downtown Catalyst
Area within the City of Corpus Christi, Texas.
Whereas, it is the policy of the City to encourage the redevelopment of areas wherein
the creation and retention of new jobs and investment will benefit the area economy,
provide needed economic opportunities, strengthen the real estate market, and
generate tax revenues to support local services; and
Whereas, areas of the City that substantially arrest or impair the sound growth of the
City, retard the provision of housing accommodations, or constitute an economic or
social liability or menace to the public health, safety, morals or welfare are areas that
need to be improved and that would benefit from economic development tools to attract
developers and investors; and
Whereas, the City Council desires to define such areas as "Catalyst Areas" in which the
City shall promote enhanced economic incentives to encourage investment and
development, such Catalyst Areas to meet the criteria described in Section 312.202 of
the Texas Tax Code; and
Whereas, the City Council desires to establish the Downtown Catalyst Area.
Now, therefore, be it resolved and ordained by the City Council of the City of
Corpus Christi, Texas:
Section 1. Definition of Catalyst Area: The City Council hereby defines, "Catalyst
Area," as an area of the City that substantially arrests or impairs the sound growth of the
City, retards the provision of housing accommodations, or constitutes an economic or
social liability or menace to the public health, safety, morals or welfare, which area
needs to be improved and which would benefit from economic development tools to
attract developers and investors, such Catalyst Area to meet the criteria described in
Section 312.202 of the Texas Tax Code.
Section 2. Creation of Catalyst Areas: The City Council hereby establishes the
Downtown Catalyst Area, the locations and boundaries of which is more particularly
described on Exhibit A attached hereto and incorporated by reference herein.
ORDINANCE CATALYST AREAS 2 -4-13
029781
INDEXED
Page 2of2
That the foregoing or l I nce was read for the first time and passed to its second
reading on this the ay o Ci---?2013, by the following vote:
Nelda Martinez
Kelley Allen
Rudy Garza
Priscilla Leal
David Loeb
Chad Magill
Colleen McIntyre
Lillian Riojas
Mark Scott
That the foregoing ordinanoe was•read for the second time and passed finally on this
the c9( play of lyigivi.% , 2013, by the following vote:
Nelda Martinez
Kelley Allen
Rudy Garza
Priscilla Leal
David Loeb
PASSED AND APPROVED, this the
ATTEST:
OW44
Armando Chapa
City Secretary
ORDINANCE CATALYST AREAS 2 -4-13
Chad Magill
Colleen McIntyre
Lillian Riojas
Mark Scott
th day of
13.
Nelda Martinez
Mayor
029781
Corpus)
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2 City of Corpus Christi
Miles Development Services
Prepared By: D. Bryant °"f