HomeMy WebLinkAbout032260 ORD - 10/27/2020One -reading Ordinance Approving the Tax Increment Reinvestment
Zone Number 5 Project & Financing Plans approved by the Board of
Directors of Reinvestment Zone Number Five, City of Corpus Christi,
Texas.
WHEREAS, on August 18, 2020, through Ordinance 032183, the City of Corpus Christi
created a tax increment financing district, to be known as "Reinvestment Zone Number
Five, City of Corpus Christi, Texas," over a portion of the City;
WHEREAS, Ordinance 032183 included a preliminary reinvestment zone financing plan;
WHEREAS, on October 20, 2020, the Board of Directors of the Reinvestment Zone
Number Five, City of Corpus Christi, Texas approved the Project Plan and Reinvestment
Zone Financing Plan (the "Plan") and recommended that City Council approve the Plan;
and
WHEREAS, Texas Tax Code Section 311.011(d) provides that the governing body of the
municipality that designated the zone must approve a project plan or reinvestment zone
financing plan after its adoption by the Board and the approval must be by ordinance;
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL FOR THE CITY OF
CORPUS CHRISTI, TEXAS:
SECTION 1. The City Council approves the Project Plan and Reinvestment Zone
Financing Plan for Tax Increment Reinvestment Zone Number 5 BoCo, Corpus Christi,
Texas for the Reinvestment Zone Number Five, City of Corpus Christi, Texas, as
approved by the Board of Directors of Reinvestment Zone Number Five on October 20,
2020. A copy of the Plan is attached hereto and incorporated by reference.
SECTION 2. Upon written request of the Mayor or five City Council members, copy
attached, the City Council: (1) finds and declares an emergency due to the need for
immediate action necessary for the efficient and effective administration of City affairs
and (2) suspends the Charter rule that requires consideration of and voting upon
ordinances at two regular meetings so that this ordinance is passed and takes effect
upon first reading as an emergency measure on this 27th day of October, 2020.
ATTEST:
CITY OF CORPUS CHRISTI
Rebecca Huerta Jo l Comb
City Secretary M
),1 day of 0 by ( , 2020.
Corpus Christi, Texas
03.2260
SCANNED
day of CC: -r019 -Q/ ,
TO THE MEMBERS OF THE CITY COUNCIL
Corpus Christi, Texas
For the reasons set forth in the emergency clause of the foregoing ordinance, an emergency
exists requiring suspension of the Charter rule as to consideration and voting upon ordinances
at two regular meetings: I/we, therefore, request that you suspend said Charter rule and pass
this ordinance finally on the date it is introduced or at the present meeting of the City Council.
Respectfully, Respectfully,
Council Members
The above ordinance was passedb
ythe following vote:
Joe McComb Roland Barrera Ae
Paulette M. Guajardo
Gil Hernandez
Michael Hunter
Ben Molina
Everett Roy
Greg Smith
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