R-89-1227 - 1/26/1989WHEREAS, the Round Rock City Council wishes to consider the
designation of a reinvestment zone for tax abatement purposes, and
WHEREAS, Section 312.201 of the Texas Tax Code provides that the
City Council must hold a public hearing on such designation, and
WHEREAS, notice of such public hearing must be published in a
newspaper having general circulation in the municipality not later
than the seventh day before the date of the hearing, Now Therefore
BE IT RESOLVED BY THE COUNCIL OF THE CITY OF ROUND ROCK, TEXAS
That a public hearing at which interested persons are entitled
to speak and present evidence for or against the designation of the
/
reinvestment zone shall be held on the % 4b day of ti ���, 1989,
and the City Secretary is directed to have notice of said public
hearing published in a newspaper of general circulation in the City
no later than seven days before the date of the hearing.
RESOLVED this 26th day of January, 1989.
ATTEST:
E
C38RESREINV
LAND, City Secretary
RESOLUTION NO. /.
MIKE ROBINSON, Mayor
City of Round Rock, Texas
Draft guidelines and criteria 7 -14 days
governing tax abatement agreement.
Publish notice of public hearing
to create reinvestment zone at
least 7 days before hearing.
Deliver copy of notice to other
taxing jurisdictions at least
7 days before hearing.
Hold public hearing on creation of zone
and find that any improvements sought
are feasible and practical and would
benefit land in zone and rest of City.
Pass Ordinance at regular City Council
creating reinvestment zone. If public
hearing held at regular City Council
meeting, Ordinance can be passed on
same day. Otherwise, must wait until
next regular meeting.
Draft tax abatement agreement 21 -35 days
w /property owner in zone.
Notify other taxing jurisdictions
regarding proposed tax abatement
at least 7 days before agreement
accepted by City.
Approve and accept tax abatement 35 -42 days
agreement by majority vote.
C38REINVEST
REINVESTMENT ZONE TIMETABLE
STEPS ESTIMATED ELAPSED TIME
14 -21 days
DATE: January 24, 1989
SUBJECT: Council Agenda, January 26, 1989
ITEM: 8E. Consider a resolution calling for a public
hearing on the creation of a reinvestment
zone in the northeast portion of Round
Rock.
STAFF RESOURCE PERSON: Bob Bennett, Steve Sheets,
STAFF RECOMMENDATION: Pass the resolution. Industry "X" will
commit to move to Round Rock if a reinvestment zone is created
for their specific use. Attached is a copy of a timetable
that needs to be followed to create the zone. The timetable
translates to:
Thursday, January 26, 1989
1) Adopt guidlines
2) Pass resolution for public hearing
Monday, January 30, 1989
1) Publication date, announcing public hearing
with field notes of zone.
Thursday, February 9, 1989
1) Public hearing
2) Ordinance creating zone
Thursday, February 23, 1989
1) Resolution authorizing Mayor to sign tax abatement
agreement with Industry "X ".
Then on to School Board and County School Board schedule
to take action at March meeting.
NOTE: This is a fast track program and may have to
be extended. The agreement needs to be worked out between
City, County, and School. The County has asked Judge Wilson
to represent them on formulating the agreement. The City
School District and Industry will also need representation
to style the agreement.