HomeMy WebLinkAbout026039 RES - 11/16/2004
RESOLUTION
AUTHORIZING THE CITY MANAGER OR HIS DESIGNEE TO SUBMIT
A REQUEST TO THE U.S. DEPARTMENT OF HOUSING AND URBAN
DEVELOPMENT (HUD) TO EXPAND THE RENEWAL COMMUNITY TO
INCLUDE CENSUS TRACTS 5, 7, 13, 35, AND 50 IN ORDER TO
FOSTER INVESTMENT AND ECONOMIC DEVELOPMENT WITHIN
THE CENSUS TRACTS
WHEREAS, the 2000 Community Renewal Tax Relief Act authorized the U. S.
Department of Housing and Urban Development ("HUD") to designate 40 Renewal
Communities and seven new urban Empowerment Zones;
WHEREAS, on August 28, 2001 in Resolution 024562, the City Council of the City of
Corpus Christi, Texas authorized the City Manager or his designee to submit an
application to the U.S. Department of Housing and Urban Development for the
designation of Census Tracts 1, 3, 4, 10 and 11 as a Renewal Community in order to
foster investment and economic development within the Census Tracts;
WHEREAS, on January 23, 2002, HUD announced that City of Corpus Christi Census
Tracts 1, 3, 4, 10 and 11 will be designated a "Renewal Community," eligible to share in
an estimated $17 billion in tax incentives to stimulate job growth, promote economic
development and create affordable housing;
WHEREAS, on January 29, 2002, in Resolution 024753 the City of Corpus Christi
authorized the City Manager to sign the necessary documentation to accept U.S.
Department of Housing and Urban Development's Renewal Community designation in
Census Tracts 1, 3, 4, 10, and 11;
WHEREAS, on December 10, 2002, in Resolution 025149, the City Council of the City
of Corpus Christi adopted the Corpus Christi Renewal Community Tax Incentive
Utilization Plan, which includes the Course of Action submitted in the Renewal
Community Application and Economic Growth Promotion Requirements (24 CFR
599.107(b));
WHEREAS, Section 1400E of Title 26 United States Code relating to designation of
renewal communities was recently amended to add new subsection (g) to provide for
the expansion of the designated Renewal Community area based on 2000 census if, at
the time such community was nominated, the census tract would have met the
requirements of 26 U.S.C. Section 1400 E using 1990 census data even if the new tract
was included and such tract has a poverty rate using 2000 census data which exceeds
the poverty rate for such tract using 1990 census data, or the census tract did not meet
the requirement of 26 U.S.C. Section 1400 E using the 1990 census data, but such
census tract meets the requirements using the 2000 census data;
WHEREAS, when the City first nominated Census Tracts 1, 3, 4, 10 and 11 as a
Renewal Community, such community would have met the requirements of 26 U.S.C.
1400E using 1990 census data even if Census Tract 5 had been included in such
Res/Nav 16 2004 Renewal Community app
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community; and Census Tract 5 has a poverty rate using 2000 census data of 43.76%
which exceeds the poverty rate for such tract using 1990 census data of 43.13%; and
therefore, Census Tract 5 qualifies for Renewal Community designation under 26
U.S.C. Section 1400E subsection (g)(1)(A);
WHEREAS, when the City first nominated Census Tracts 1, 3, 4, 10 and 11 as a
Renewal Community, such community would have met the requirements of 26 U.S.C.
1400E using 1990 census data even if Census Tract 7 had been included in such
community; and Census Tract 7 has a poverty rate using 2000 census data of 30.03%
which exceeds the poverty rate for such tract using 1990 census data of 23.83%; and
therefore, Census Tract 7 qualifies for Renewal Community designation under 26
U.S.C Section 1400E subsection (g)(1)(A);
WHEREAS, when the City first nominated Census Tracts 1, 3, 4, 10 and 11 as a
Renewal Community, such community would have met the requirements of 26 U.S.C.
1400E using 1990 census data even if Census Tract 13 had been included in such
community; Census Tract 13 has a poverty rate using 2000 census data of 39.50%
which exceeds the poverty rate for such tract using 1990 census data of 38.08%; and
therefore, Census Tract 13 qualifies for Renewal Community designation under
subsection (g)(1 )(A);
WHEREAS, the total population of Census Tracts 1, 3, 4, 10 and 11 and Census Tracts
5,7, 13, 35 and 50 was less than 200,000 using either the 1990 census data or 2000
census data;
WHEREAS, when the City first nominated Census Tracts 1, 3, 4, 10 and 11 as a
Renewal Community, Census Tract 35 had a poverty rate of 18.75 % using 1990
census data and would not have met the requirements of 26 U.S.C. Section 1400 E, but
using the 2000 census data has a poverty rate of 20.6% and meets the requirement;
and therefore, Census Tract 35 qualifies for Renewal Community designation under 26
U.S.C. Section 1400E subsection (g)(1)(B);
WHEREAS, when the City first nominated Census Tracts 1, 3, 4, 10 and 11 as a
Renewal Community, such community would have met the requirements of 26 U.S.C.
1400E using 1990 census data even if Census Tract 50 had been included in such
community; Census Tract 50 has a poverty rate using 2000 census data of 37.24%
which exceeds the poverty rate for such tract using 1990 census data of 29.24%; and
therefore, Census Tract 50 qualifies for Renewal Community designation under 26
U.SC. Section 1400E subsection (g)(1)(A); and
WHEREAS, public notice was duly given regarding consideration by City Council of this
Resolution to request expansion of the Renewal Community to include Census Tracts 5,
7, 13,35, and 50 and the public was given an opportunity to comment;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
CORPUS CHRISTI, TEXAS:
Res/Nov 16 2004 Renewal Community app
SECTION 1. The City Manager, or the City Manager's designee, is authorized to submit
a request to the U.S. Department of Housing and Urban Development (HUD) to expand
the Renewal Community area to include Census Tracts 5, 7, 13, 35, and 50 and amend
the Tax Incentive Utilization Plan to include the new expanded area.
ATTEST:
THE CITY OF CORPUS CHRISTI
Armand~
City Secretary
APPROVED: November 8, 2004.
By: i: ,J/,r't. ~M--J
Lisa Aguilar 0
Assistant City Attorney
for City Attorney
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Samuel L. Neal, r.
Mayor
Res/Nov 16 2004 Renewal Community app
Corpus Christi, Texas
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The above resolution was passed by the following vote:
Samuel L. Neal, Jr.
Brent Chesney
Javier D. Colmenero
Melody Cooper
Henry Garrett
Bill Kelly
Rex A. Kinnison
Jesse Noyola
Mark Scott
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