HomeMy WebLinkAboutORD 2011-32 - Project Plan Downtown TIRZORDINANCE NO. AC)11
AN ORDINANCE OF THE CITY COUNCIL OF THE CITY
OF GEORGETOWN, TEXAS ("CITY") AMENDING THE
PROJECT PLAN AND REINVESTMENT ZONE
FINANCING PLAN FOR DOWNTOWN GEORGETOWN
TAX INCREMENT REINVESTMENT ZONE,
CONTAINING FINDINGS AND PROVISIONS
RELATED TO THE FOREGOING SUBJECT; AND
PROVIDING A SEVERABILITY CLAUSE.
WHEREAS, by Ordinance No. 2004-77, the City Council approved the creation of
the Downtown Georgetown Tax Increment Reinvestment Zone (the "Zone"), approved
a board of directors for the Zone and a preliminary reinvestment zone project and
financing plan; and
WHEREAS, by Ordinance No. 2005-68, the City Council approved a final Project
Plan and Reinvestment Zone Financing Plan (the "Plan"); and
WHEREAS, the board of directors of the Zone have met and approved the
amendment to the Plan for consideration by the City; and
WHEREAS, the board of directors of the Zone have submitted the amendment to
the Plan to the City in accordance with Section 311.011 of the Texas Tax Code
WHEREAS, the City Council deems it prudent to add "Convert public buildings
and land in the zone through economic development projects for private commercial
establishments such as restaurants, retail facilities, wineries, and similar establishments,
including related public improvements and renovations" to the Preliminary Project List,
Exhibit C to the Plan.
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY
OF GEORGETOWN, l'EXAS, THAT:
Section 1. Open Meetings Act. The meeting at which this ordinance was
approved was in all things conducted in compliance with the Texas Open Meetings Act,
Texas Government Code, Chapter 551.
Section 2. Findings. The facts and recitations contained in the preamble of
this ordinance are hereby found and declared to be true and correct and are
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incorporated by reference herein and expressly made a part hereof, as if copied
verbatim.
Section 3. Approval of Plan Amendment. The City Council hereby approves
the Plan Amendment, amending the Preliminary Project List, Exhibit C to the Plan, as
shown in Exhibit "A" to this Ordinance. The City Council further finds that the Plan
Amendment is feasible and conforms with the City's master plan.
Section 4. Severability. If any provision of this ordinance or application thereof
to any person or circumstance shall be held invalid, such invalidity shall not affect the
other provisions, or application thereof, of this ordinance which can be given effect
without the invalid provision or application, and to this end the provisions of this
ordinance are hereby declared to be severable.
Section 5. The Mayor is hereby authorized to sign this ordinance and the City
Secretary to attest. This Ordinance shall become effective and be in full force and effect
ten (10) days on and after publication in accordance with the provisions of the Charter
of the City of Georgetown.
PASSED AND APPROVED on First Reading on the 2,11, day of
2011.
PASSED AND APPROVED on Second Reading on the q day of Pcm
2011.
ATTEST:
, City Secretary
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APPROVED AS TO FORM:
THE CITY OF GEORGETOWN
',-
Bridget Chapman, Mting City Attorney
B
George Garver, Mayor