Ord. 0846 04-27-98ORDINANCE NO. 846
AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF PEARLAND,
TEXAS, ADOPTING THE PROJECT PLAN AND REINVESTMENT ZONE
FINANCING PLAN AS APPROVED BY THE BOARD OF DIRECTORS OF
TAX INCREMENT REINVESTMENT ZONE NO. I ("TIRZ"), CITY OF
PEARLAND, TEXAS; CONTAINING A SEVERABILITY CLAUSE;
PROVIDING AN EFFECTIVE DATE; AND CONTAINING FINDINGS AND
PROVISIONS RELATED TO THE FOREGOING SUBJECT; AND
DECLARING AN EMERGENCY BECAUSE THE NEED TO DEVELOP THE
CITY'S INFRASTRUCTURE INURES TO THE BENEFIT OF THE PUBLIC
AND, THEREFORE, BEARS DIRECTLY UPON THE HEALTH, SAFETY AND
WELFARE OF THE CITIZENRY.
WHEREAS, pursuant to Chapter 311 of the Texas Tax Code and City of
Pearland Ordinance No. 834, the City has designated a contiguous geographic area
within the City limits of Pearland, Texas, as Tax Increment Reinvestment Zone No. 1
and created a board of directors to make recommendations to the City Council
concerning the administration of the zone; and
WHEREAS, pursuant to Section 311.011 of the Texas Tax Code, the
TIRZ Board of Directors prepared and adopted a Project Plan and Reinvestment Zone
Financing Plan for the TIRZ, and have submitted such plans to the City Council for its
approval; and
WHEREAS, the Project Plan enables the development of a quality, single family,
in-city, residential community which will act as a self-sustaining tax base for the City;
and
WHEREAS, the TI RZ has prepared a ReinvestmentZone Financing Plan by which
the developer will advance funds for the improvements to the reinvestment zone and
will be reimbursed according to a City Council approved development and financing
agreement between the TIRZ and the developer; now, therefore,
ORDINANCE NO. 846
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF PEARLAND, TEXAS:
Section 1. It is hereby officially found and determined that all of the facts
recited in the preamble hereto are found and declared to be true and correct and the
preamble is incorporated into and made a part of this ordinance.
Section 2. That certain TIRZ Project Plan and Reinvestment Zone Financing
Plan, a copy of which has been previously furnished to City Council and is available
in the City Secretary's office upon request, is incorporated herein for all purposes, and
is hereby authorized and approved.
Section 3. Declaration of Emergency, The City Council finds and determines
that the need to develop the City's infrastructure bears directly upon the health,
safety, and welfare of the citizenry; and that this Ordinance shall be adopted as an
emergency measure, and that the rule requiring this Ordinance to be read on two (2)
separate occasions be, and the same is hereby waived.
Section 4. Severability.
or portion of this Ordinance is
If any section, subsection, sentence, clause, phrase
for any reason held invalid, unconstitutional or
otherwise unenforceable by any court of competent jurisdiction, such portion shall be
deemed a separate, distinct, and independent provision and such holding shall not
affect the validity of the remaining portions thereof.
Section 5. Effective Date. This Ordinance shall become effective immediately
upon its passage and approval by the City Council.
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ORDINANCE NO. 846
PASSED and APPROVED on First and Only Reading this the 27th day of
April
ATTEST:
, A.D., 1998.
APPROVED AS TO FORM:
0.,,,,,,.... ii- Wit,
DARRIN M. COKER
INTERIM CITY ATTORNEY
TOM REID
MAYOR
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NOTE TO COUNCIL
The PROJECT PLAN AND REINVESTMENT ZONE FINANCING PLAN
referenced in Ordinance No. 846
is provided in your Council packet for 4/27/98.