G-95-11-21-9E - 11/21/1995` s
ORDINANCE NO. a- q5-
AN ORDINANCE DESIGNATING LOT 1, BLOCK A, OAKMONT
CENTRE SECTION 2 AS REINVESTMENT ZONE NO. 13 FOR
COMMERCIAL/INDUSTRIAL TAX ABATEMENT, CITY OF ROUND
ROCK, TEXAS, ESTABLISHING THE BOUNDARIES THEREOF AND
OTHER MATTERS RELATING THERETO.
WHEREAS, the City Council of the City of Round Rock, Texas
(the "City"), desires to promote the development or redevelopment
of a certain contiguous geographic area within its jurisdiction by
the creation of a reinvestment zone for commercial/industrial tax
abatement, as authorized by Chapter 312, Tax Code, V.A.T.S. (the
"Code"); and
WHEREAS, the City Council called a public hearing for 7:00
P.M. on the 21st day of November, 1995, to consider establishment
of a reinvestment zone, such date being seven (7) days after the
date of publication of the notice of such public hearing and the
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 creation of the
reinvestment zone, the boundaries of the proposed reinvestment
zone, whether all or part of the territory described in the
Ordinance calling such hearing should be included in such proposed
reinvestment zone, the concept of tax abatement; and
K:\ORDINANC\OR51121F.WPD/kg
WHEREAS, the proponents of the reinvestment zone offered
evidence, both oral and documentary, in favor of all of the
foregoing matters relating to the creation of the reinvestment
zone, and no opponents of the reinvestment zone appeared to contest
creation of the reinvestment zone; Now Therefore
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF ROUND
ROCK, TEXAS, THAT:
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 adoption of the reinvestment
zone 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 the reinvestment zone should be
the area as described in Exhibit A;
(c) That creation of the reinvestment zone for
commercial/industrial tax abatement with boundaries as
described above 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 reinvestment zone as defined above meets the
criteria for the creation of a reinvestment zone as set
forth in Section 312.202 of the Code in that it is
reasonably likely as a result of the designation to
contribute to the retention or expansion of primary
2.
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 reinvestment zone as defined above meets the
criteria for the creation of a reinvestment zone as set
forth in the City of Round Rock criteria and guidelines
adopted by Ordinance No. G -93-12-09-9G on December 9th,
1993.
III.
Pursuant to Section 312.201 of the Tax Code, V.A.T.S., the
City hereby creates a reinvestment zone for commercial/industrial
tax abatement encompassing only the area described in Exhibit "A"
and such reinvestment zone is hereby designated as Reinvestment
Zone No. 13, City of Round Rock, Texas.
IV.
The reinvestment zone shall take effect on December 1, 1995
and shall expire on November 30, 2000.
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.
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.
3.
READ, PASSED, and ADOPTED on first reading this / day
of , 1995.
Alternative 2.
READ and APPROVED on first reading this the day of
, 1995.
READ, APPROVED and ADOPTED on second reading this the
day of , 1995.
ATTEST:
NE LAND, City Secretary
CHARLES CU SIPPER, Mayor
City of Round Rock, Texas
4.
Exhibit A
Legal Description
Lot 1, Block A, Oakmont Centre Section 2
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Interstate Highway 38
DATE: November 17, 1995
SUBJECT: City Council Meeting, November 21, 1995
ITEM: 9.E. Consider an ordinance designating Lot 1, Block A,
Oakmont Centre Section 2 as Reinvestment Zone No. 13.
(Mid -State Plastics) (First Reading)
Staff Resource Person: Joe Vining
Staff Recommendation: Approval
The purpose of this reinvestment zone is to facilitate the expansion of the
Mid State Plastics manufacturing plant. Mid -State Plastics does injection
molding of medical components, housewares, and computer parts. This
company has been located at its current facility since 1990.
ECONOMIC IMPACT:
None. However, any tax abatement
agreement negotiated following the adoption
of a reinvestment zone will have an
economic impact. This impact is outlined in
detail with the tax abatement agreement.