G-95-09-14-9Q - 9/14/1995ORDINANCE NO. l_? _ (I - G' / - l - c1 t�
AN ORDINANCE DESIGNATING 308 ACRES OF LAND, MORE OR
LESS, OUT OF THE P.A. HOLDER SURVEY, ROUND ROCK,
WILLIAMSON COUNTY, TEXAS, AND BEING DEFINED
GEOGRAPHICALLY BY THE EASTERN RIGHT-OF-WAY LINE OF
INTERSTATE HIGHWAY 35, THE CENTER LINE OF BRUSHY
CREEK, THE WESTERN BOUNDARY LINE OF THE ORIGINAL P.A.
HOLDER SURVEY, THE NORTHERN BOUNDARY LINE OF THE
UNION PACIFIC RAILROAD, AND THE CENTER LINE OF LAKE
CREEK, AS THE DOWNTOWN REINVESTMENT ZONE FOR
RESIDENTIAL AND COMMERCIAL/INDUSTRIAL TAX
ABATEMENT, 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 residential and
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 24th day of August, 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
k:\ordinanc\or50914q
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
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:
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 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 residential
and commercial/industrial tax abatement with boundaries
2.
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
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, and as amended by Ordinance No. 0--q5-G`9-14-qp on
September 14, 1995.
Pursuant to Section 312.201 of the Tax Code, V.A.T.S., the
City hereby creates a reinvestment zone for residential and
commercial/industrial tax abatement encompassing only the area
described in Exhibit "A" and such reinvestment zone is hereby
designated as the Downtown Reinvestment Zone, City of Round Rock,
Texas.
IV.
The reinvestment zone shall take effect on „tpAila. 14)1(1
V.
A. All ordinances, parts of ordinances, or resolutions in
conflict herewith are expressly repealed.
3.
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.
of
READ, PASSED, and ADOPTED on first reading this
1995.
g {qday
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:
NNE LAND, City Secretary
CHARLES CULIP PPER, Mayor
City of Round Rock, Texas
4.
Exhibit "A"
.
DATE: September 12, 1995
SUBJECT: City Council Meeting, September 14, 1995
ITEM: 9.Q. Consider an ordinance creating the Downtown
Reinvestment Zone. (First Reading)
Staff Resource Person: Joe Vining
Staff Recommendation: Approval
A public hearing on the creation of the Downtown Reinvestmet Zone was
held on August 24, 1995.