G-02-02-28-11E4 - 2/28/2002ORDINANCE NO. 0-- O- o (q- Oi O - //ELI
AN ORDINANCE RENEWING THE DESIGNATION OF 5.542 ACRES
OF LAND, BEING ALL OF LOT 5 OF THE RESUBDIVISION OF THE
REMAINDER OF LOT 2, CORRIDOR PARK I, ROUND ROCK,
WILLIAMSON COUNTY, TEXAS, AS REINVESTMENT ZONE NO. 18
FOR COMMERCIAL/INDUSTRIAL TAX ABATEMENT, AND OTHER
MATTERS RELATING THERETO.
WHEREAS, on April 25, 1996, the City Council of the City of
Round Rock, Texas (the "City") adopted Ordinance No. G -96-04-25-9I
designating 5.542 acres of land, being all of Lot 5 of the
Resubdivision of the Remainder of Lot 2, Corridor Park I, as
Reinvestment Zone No. 18, as authorized by Chapter 312, Tax Code,
V.A.T.S. (the "Code"); and
WHEREAS, pursuant to the Code and the terms of said
Ordinance, Reinvestment Zone No. 18 expired on April 25, 2001, and
WHEREAS, the City Council desires to continue to promote the
development or redevelopment of the affected area by the renewal of
Reinvestment Zone No. 18 as authorized by the Code; and
WHEREAS, §312.203 of the Code provides that the designation
of a reinvestment zone may be renewed for periods not to exceed
five years, and
WHEREAS, the City Council held a public hearing for 7:00 p.m.
on the 28th day of February, 2002 to consider the renewal of
Reinvestment Zone No. 18, such date being seven (7) days after the
date of publication of the notice of such public hearing and the
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notification of other taxing jurisdictions as required by the Code;
and
WHEREAS, the City at such hearing invited any interested
persons to appear and contend for or against the renewal of
Reinvestment Zone No. 18; and
WHEREAS, the proponents of the renewal of Reinvestment Zone
No. Nine offered evidence, both oral and documentary, in favor of
all of the foregoing matters relating to the renewal of
Reinvestment Zone No. 18; Now Therefore
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF ROUND
ROCK, TEXAS, THAT:
I.
The facts and recitations contained in the preamble of this
Ordinance are hereby found and declared to be true and correct.
II.
The City Council, after conducting such hearings and having
heard such evidence and testimony, has made the following findings
and determinations based on the testimony presented to it:
(a) That a public hearing on the renewal of the Reinvestment
Zone No. 18 has been properly called, held, and conducted
and that notices of such hearing have been published as
required by law and mailed to all taxing units
overlapping the territory inside the proposed
reinvestment zone;
(b) That the boundaries of Reinvestment Zone No. 18 should
remain as the area as described in Exhibit A;
2.
(c) That the renewal of Reinvestment Zone No. 18 will result
in benefits to the City and to the land included in the
zone and the improvements sought are feasible and
practical;
(d) That the renewal of Reinvestment Zone No. 18 meets the
criteria for a reinvestment zone as set forth in §312.202
of the Code in that it is reasonably likely as a result
of the renewal to contribute to the retention or
expansion of primary employment or to attract major
investment in the zone that would be a benefit to the
property and that would contribute to the economic
development of the City; and
(e) That the renewal of Reinvestment Zone No. 18 meets the
criteria for reinvestment zones as set forth in the City
of Round Rock criteria and guidelines adopted by
Ordinance No. G -O1 -11-08-13E3 on November 8, 2001.
HI.
Pursuant to Section 312.203 of the Code, the City hereby
renews Reinvestment Zone No. 18 for commercial/industrial tax
abatement encompassing the area described in Exhibit "A".
IV.
Reinvestment Zone No. 18 shall expire on April 25, 2006.
V.
A. All ordinances, parts of ordinances, or resolutions in
conflict herewith are expressly repealed.
B. The invalidity of any section or provision of this
ordinance shall not invalidate other sections or provisions
thereof.
3.
C. The City Council hereby finds and declares that written
notice of the date, hour, place and subject of the meeting at which
this Resolution was adopted was posted and that such meeting was
open to the public as required by law at all times during which
this Resolution and the subject matter hereof were discussed,
considered and formally acted upon, all as required by the Open
Meetings Act, Chapter 551, Texas Government Code, as amended.
Alternative 1.
By motion duly made, seconded and passed with an affirmative
vote of all the Council members present, the requirement for
reading this ordinance on two separate days was dispensed with.
READ, PASSED, and ADOPTED on first reading this aVIday
of ` , 2002.
Alternative 2.
READ and APPROVED on first reading this the day of
, 2002.
READ, APPROVED and ADOPTED on second reading this the
day of , 2002.
ATTEST:
(kuRY1ai
ROB -T A. STLUKA, Ma6r
City of Round Rock, Texas
CHRISTINE R. MARTINEZ, City Secreta
4.
DATE: February 21, 2002
SUBJECT: City Council Meeting — February 28, 2002
ITEM: 11.E.4. Consider an ordinance renewing the designation of 5.542 acres of
land, being all of Lot 5 of the Resubdivision of the Remainder of Lot
2, Corridor Park 1, as Reinvestment Zone No. 18. (First Reading)
This reinvestment zone for Photronics was created on April 25, 1996,
and expired on April 25, 2001, as required by state law after a period
of five years. A new zone must be designated to allow Photronics to
extend their tax abatement agreement.
Resource: Joe Vining, Planning Director
History: Reinvestment Zone No. 18 was created on April 25, 1996 for Photronics
and expired on April 25, 2001, as required by state law after a period of
five years.
Funding:
Cost: N/A
Outside Resources: N/A
Impact: A new zone must be designated to allow Photronics to extend their tax abatement
agreement by three years.
Benefit: Details of the new tax abatement agreement will be available at the March 14,
2002, City Council meeting.
Public Comment: This public hearing is being held after notice was published in the Round
Rock Leader on Monday, February I8, 2002, and taxing jurisdictions were
notified by certified mail of the date and time. Chapter 312, Tax Code,
V.A.T.S., requires a minimum seven-day notification period prior to the
public hearing.
Sponsor: Planning and Community Development Department.