HomeMy WebLinkAbout024085 RES - 06/27/2000RESOLUTION
AUTHORIZING AND DIRECTING THE CITY MANAGER TO
SCHEDULE AND CONDUCT PRESENTATIONS AND HEARINGS
PURSUANT TO TEXAS TAX CODE SECTION J11.00J(F) AND (G) FOR
THE PROPOSED CREATION OF REINVESTMENT ZONE NUMBER
TWO, CITY OF CORPUS CHRISTI, IN THE PACKERY CHANNEL
AREA OF PADRE ISLAND; DIRECTING DELIVERY OF THE
PRELIMINARY REINVESTMENT ZONE FINANCING PLAN TO
OTHER TAXING UNITS; DIRECTING DELIVERY TO TAXING
UNITS OF NOTICE OF INTENT TO ESTABLISH THE ZONE; AND
AUTHORIZING AND DIRECTING THE CITY MANAGER TO TAKE
ALL ACTIONS NECESSARY OR CONVENIENT IN FURTHERANCE
OF ESTABLISHMENT OF THE ZONE
WHEREAS, the City Council of the City of Corpus Christi wishes to consider establishing
a tax increment financing zone, to be known as "Reinvestment Zone Number Two, City of Corpus
Christi" (sometimes hereina~er referred to as "the Zone") in the Packcry Channel area of Padre
Island within the city limits of the City of Corpus Christi, Texas.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF CORPUS CHRISTI, TEXAS, THAT:
SECTION 1. The Preliminary Reinvestment Zone Financing Plan (the "Plan") for the
proposed Reinvestment Zone No. 2, City of Corpus CtuTisti, a true copy of which is attached hereto
as Exhibit A and incorporated herein, has been prepared. The City Council hereby approves the
distribution of the Plan, and the City Manager is directed to cause a copy of the Plan to be delivered
to the governing body of each taxing unit that levies taxes on real property in the proposed zone in
accordance with Texas Tax Code Section 311.003(b).
SECTION 2. The City Manager is hereby directed to deliver to the governing body of each
taxing unit that levies real property taxes in the Zone the notice of intent to establish the zone
required by Texas Tax Code Section 311.003(e), which is attached hereto as Exhibit B and
incorporated herein.
SECTION 3. The City Manager is authorized and directed to schedule and make the formal
presemations provided for in Texas Tax Code Section 311.003(f), and to schedule and conduct the
meetings provided for in Texas Tax Code Section 311.003(g). in connection with establishment of
the Zone.
SECTION 4. The City Manager is authorized and directed to schedule all meetings and
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hearings, provide all notices. and take all other actions necessary or convenient under Texas Tax
Code Section 311.003, in furtherance of the establishment of the Zone.
Legal form approved on
· Ja~R~ning, First Assistant
City Attorney
,2000; James R. Bray, Jr., City Attorney.
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Corpus Christi, Texas
,~k/~P~dday of ,~4r--~' . .2000
The above resolution was passed by the following vote:
Samuel L. Neal, Jr.
Javier D. Colmenero
Melody Cooper
Henry Garrett
Dr. Arnold Gonzales
Rex A. Kinnison
Betty Jean Longoria
John Longoria
Mark Scott
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