HomeMy WebLinkAboutRES 082614-G - Expan Downtown OverlayI • • •; OT141 In,
RESOLUTION OF • OF OF
GEORGETOWN, TEXAS, PURSUANT TO THE CODE OF
ORDINANCES OF • •WN, TEXAS, RECOMMENDING
INITIATION OF EXPANSION OF THE DOWNTOWN OVERLAY
DISTRICT TO INCLUDE CITY OWNED PROPERTIES AND THE
VOLUNTARY• OF • AND
EXPANSIONOF DOWNTOWN TAX
•i; • •
• !IIN• • •'
WHEREAS, on August 28, 2001, the City Council of the City of Georgetown,
Texas, ("City Council") adopted Ordinance No. 2001-48, creating the Downtown Overlay
District zoning district to allow an orderly development of structures extending from the
core downtown area around the Square framing the historic district; and
on f! adopted a set of comprehensiv,-o
developmente Development Code
Ordinance No.113-16, which renamed and established new zoning
WHEREAS, the City's UDC created the Mixed Use — Downtown zoning
designation to provide use that would allow a mix of residential and commercial uses
while protecting the built environment; and
WHEREAS, the MU -DT zoning designation is limited to properties located
within t11e boundaries of the Downtown Overlay District; and
WHEREAS, the Downtown Overlay District created a set of design standards
unique to the development of the district and created the Mixed Use — Downtown
zoning district to promote the continued reinvestment in the district; and
WHEREAS, the City Council adopted Ordinance number 2004-77 creating the
Downtown Tax Increment Reinvestment Zone to facilitate a program of public
improvements to allow and encourage the development and redevelopment of --
RESOLUTION NO. 0� I �
downtown Georgetown in to a mixed use, pedestrian environment consistent with the
goals in the Downtown Master Plan; and
WHEREAS, the Downtown TIRZ has a duration of twenty five years, but futur_z
capital projects extend beyond the established duration of the TIRZ,
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
GEORGETOWN, TEXAS, THAT:
SECTION 1: The facts and recitations contained in the preamble of this resolution are
hereby found and declared to be true and correct, and are *incorporated by referencd
herem' and expressly made a part hereof, as if copied verbatim. The City Council hereby
finds that this resolution implements Chapter 3 of the City of Georgetown 20311.
Comprehensive Plan relative to Land Use.
SECTION 2- The expansion of the Downtown Overlay District and Downtown Tax
Fncrement Reinvestment Zone implements the goals of the Downtown Master Plan and
encourages continued public and private investment in the district.
SECTION 2: City Council hereby directs staff to initiate the necessary processes for
expanding the Downtown Overlay District and the Downtown Tax Increment
Reinvestment Zone.
SECTION 3: This resolution shall become effective from and after its passage.
PASSED and APPROVED this — 0(o — day of
F
Jess ca` Brettle, City Secretary
RESOLUTION NO� _Osa_�j �- PAGE20FZ