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Ordinance
Designating the Downtown Reinvestment Zone within the City of
Corpus Christi, Texas, under the Property Redevelopment and Tax
Abatement Act (Chapter 312 of the Texas Tax Code).
Whereas, the Texas Property Redevelopment and Tax Abatement Act (the "Act "),
Texas Tax Code, Chapter 312, as amended, authorizes the City Council of the City of
Corpus Christi to designate a zone for property tax abatement under the Act; and
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, the area of Downtown meets the criteria for a reinvestment zone as stated in
Section 312.202 of the Act; and
Whereas, on Monday, March 11, 2013, notice of a public hearing on the designation of
the Downtown Reinvestment Zone was published in a newspaper of general circulation
in the City of Corpus Christi, and on Monday, March 7, 2013, notice was given by U.S.
Mail, certified, postage prepaid, return receipt requested, to the presiding officer of the
governing body of each taxing unit including property in the proposed Zones in
accordance with the Act; and
Whereas, the City Council of the City of Corpus Christi conducted a public hearing on
Tuesday, March 19, 2013, at which all interested persons were entitled to speak and
present evidence for or against the designation of the Zone for temporary property tax
abatement.
Now, therefore, be it resolved and ordained by the City Council of the City of
Corpus Christi, Texas:
SECTION 1. Creation of Zones: The City of Corpus Christi finds and determines that
the Downtown area of the City meets the criteria to be designated as reinvestment zone
stated in Section 312.202 of the Act and is reasonably likely, as a result of the
designation, to contribute to the expansion of primary employment and will attract major
investment in the Zone that would be a benefit to the properties and would contribute to
the economic development of the City, and that this area should be designated as the
Downtown Reinvestment Zone. The location and boundaries of the Zone is more
particularly described on Exhibit A attached hereto and incorporated by reference
herein.
That the foregoing oriliznce was r ad for the first time and passed to its second
reading on this the 191r aay of )(t4- X2013, by the following vote:
ORDINANCE REINVESTMENT ZONES 2-4 -13
029782
INDEXED
Nelda Martinez
Kelley Allen
Rudy Garza
Priscilla Leal
David Loeb
Chad Magill
Colleen McIntyre
Lillian Riojas
Mark Scott
Page 2 of 2
That the forgoing ordin ce was read for the second time and passed finally on this
the T ay of (kJ , 2013, by the following vote:
Nelda Martinez
Kelley Allen
Rudy Garza
Priscilla Leal
David Loeb
t -
,
orI
e
PASSED AND APPROVED, this the th day of f
Chad Magill
Colleen McIntyre
Lillian Riojas
Mark Scott
ATTEST:
Armando Chapa
City Secretary
ORDINANCE REINVESTMENT ZONES 2 -4-13
Nelda Martinez
Mayor
029782
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