O-91-2560 - 12/19/1991ORDINANCE NO. 2560
AN ORDINANCE DESIGNATING A CERTAIN AREA AS REINVESTMENT ZONE
NO. TWO FOR COMMERCIAL/INDUSTRIAL TAX ABATEMENT, CITY OF ROUND
ROCK, TEXAS, ESTABLISHING THE BOUNDARIES THEREOF AND OTHER
MATTERS RELATING THERETO.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF ROUND ROCK, TEXAS:
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 19th
day of December, 1991, to consider establishment of a reinvestment zone, such date
being at least 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;
WHEREAS, the City held such public hearing after publishing notice of such
public hearing, and giving written notice to all taxing units overlapping the territory
inside the proposed reinvestment zone; 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
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 opponents of the reinvestment zone
appeared to contest creation of the reinvestment zone;
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NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE
CITY OF ROUND ROCK, TEXAS,THAT:
SECTION 1: The facts and recitations contained in the preamble of this
Ordinance are hereby found and declared to be true and correct.
SECTION 2: 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
hearings have been published as required by law and mailed to all
taxing units overlapping the territory inside the proposed
reinvestment zone; and
(b) That the boundaries of the reinvestment zone should be the area as
described as Lot 2 A in "Replat of Amanda Subdivision Lot 2 & 3, Block
A" being 5.8417 acres, and
(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; and
(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 employment or to
attract major investment in the zone that would be a benefit to the
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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. 2556, on December
12th, 1991.
SECTION 3: 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 section 2 of this ordinance and such
reinvestment zone is hereby designated as Reinvestment Zone No. Two, City of
Round Rock, Texas.
SECTION 4: The reinvestment zone shall take effect on the adoption of this
Ordinance and shall expire five years after such date.
SECTION 5: If any portion of this Ordinance shall, for any reason, be declared
invalid by any court or competent jurisdiction, such invalidity shall not affect the
remaining provisions hereof.
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.
a
READ, PASSED, and ADOPTED on first reading this "— day
�� •� ,1991
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Alternative 2.
READ and APPROVED on first reading this the day of
199
READ, PASSED, and ADOPTED on second reading this the day
of ,199
ATTEST:
A4.6
ANNE LAND, City Secretary
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MIKE ROBINSON, Mayor
City of Round Rock, Texas
DATE: December 17, 1991
SUBJECT: City Council Meeting, December 19, 1991
ITEM: 8.D. Consider an ordinance concerning the creation of a
Reinvestment Zone pursuant to the Property Redevelopment
and Tax Abatement Act, Chapter 312, Local Government Code,
for Lot 2A in the Replat of Amanda Subdivision Lot 2 and Lot 3,
Block A. ( FIRST READ/N 8 )
STAFF
RESOURCE PERSON: Joe Vining
STAFF
RECOMMENDATION: Approval
This ordinance will designate 5.8417 acres of land, lying immediately east of
Reinvestment Zone number one, as a reinvestment zone.
This designation allows the City to adopt a tax abatement agreement.
This ordinance does not actually grant any tax abatement but is required as a
prerequisite to any tax abatement agreement.
A tax abatement agreement appears as a separate item later on the agenda.
Economic Impact: None