HomeMy WebLinkAboutORD 2024-41 - Halmar Cove Reinvestment Zone 2024-02ORDINANCE NO. 2024- Li I_
AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF
GEORGETOWN, TEXAS, DESIGNATING REINVESTMENT ZONE NO.
2024-02; PROVIDING ELIGIBILITY OF THE ZONE FOR COMMERCIAL -
INDUSTRIAL TAX ABATEMENT; CONTAINING FINDINGS THAT THE
AREA QUALIFIES TO BE DESIGNATED AS A REINVESTMENT ZONE
AND THE IMPROVEMENTS SOUGHT ARE FEASIBLE AND
PRACTICABLE AND OF BENEFIT TO THE LAND AND THE CITY;
PROVIDING A REPEALING CLAUSE; PROVIDING A SEVERABILITY
CLAUSE; AND PROVIDING AN EFFECTIVE DATE.
WHEREAS, the City Council of the City of Georgetown, Texas, has caused notice to be
published in a newspaper having general circulation in the City and has delivered such notice to the
presiding officer of the governing body of each taxing unit that includes in its boundaries real property
described herein that is to be included in the proposed reinvestment zone described herein; and
WHEREAS, the City Council of the City of Georgetown, Texas, has conducted a public
hearing on the designation of the area described herein as a reinvestment zone on July 23, 2024, at 6
p.m. in the Council Chambers at which interested parties were allowed to speak and present evidence
for or against the designation of the reinvestment zone;
NOW THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY
OF GEORGETOWN, TEXAS, THAT:
Section 1. The City Council of the City of Georgetown, Texas, finds that the area described
herein will, if designated as a reinvestment zone, be reasonably likely to contribute to the retention or
expansion of primary employment, or to attract major investment in the zone that will be of benefit
to the property and contribute to the economic development of the City. The City Council further
finds that the improvements sought are feasible and practicable and would be of benefit to the land to
be included in the zone and to the City after the expiration of a tax abatement agreement.
Section 2. Pursuant to the provisions of Section 312.201 of the Texas Tax Code, the property
described in Exhibit "A" attached hereto and made a part hereof for all purposes is hereby designated
as a reinvestment zone and for identification is assigned the name "Reinvestment Zone No. 2024-02."
Section 3. The property within Reinvestment Zone No. 2024-02 is eligible for commercial -
industrial tax abatement effective on January 1, 2024.
Section 4. All provisions of the ordinances of the City of Georgetown, in conflict with the
provisions of this Ordinance be, and the same are hereby, repealed, and all other provisions of the
ordinances of the City of Georgetown not in conflict with the provisions of this Ordinance shall
remain in full force and effect.
Section 5. Should any sentence, paragraph, subdivision, clause, phrase, or section of this
Ordinance be adjudged or held to be unconstitutional, illegal, or invalid, the same shall not affect
Ordinance Number: zoz,4 - 4 1 Page 1 of 3
Description: C04t 9A;4Vt9*A"A SOA — 1.4Mq-0 Z.
Date Approved: 1i -UZA Exhibit A Attached
the validity of this Ordinance as a whole or a part or provision thereof other than the part thereof
decided to be unconstitutional, illegal, or invalid.
Section 6. 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 in accordance with
the provisions of the City Charter of the City of Georgetown.
APPROVED on First Reading on the day of July 2024.
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APPROVED AND ADOPTED on Second Reading on the I I day of August 2024,,
CITY OF GJEORGETOWN,
S
ATTES
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Robyn De smore, City Secretary
APPROVED AS TO FORM:
kye 4Q asson, Ot3Attorney
Ordinance Number:
Description:
Date Approved:
Page 2 of 3
Exhibit A Attached
EXHIBIT A
Reinvestment Zone Location
Lot 2, Block A, of Replat of Lot 1, Block 1, Texas Outdoor Power Subdivision, an addition to the
City of Georgetown, Williamson County, Texas, according to the map or plat thereof recorded as
Instrument No. 2023005881, Official Public Records, Williamson County, Texas.
Ordinance Number:
Description:
Date Approved: _
Page 3 of 3
Exhibit A Attached