Loading...
Ord. 1632 2023-12-11 ORDINANCE NO. 1632 An Ordinance of the City Council of the City of Pearland, Texas, finding that the City has established Guidelines and Criteria for Granting Tax Abatement pursuant to Resolution No. R2023-85; designating and describing a Reinvestment Zone (to be known as Reinvestment Zone #30) generally located at the intersection of Industrial Drive and SH35, in accordance with the Property Redevelopment and Tax Abatement Act; finding that the improvements sought are feasible and practical and would be a benefit to the land to be included in the zone and the municipality after the expiration of the Tax Abatement Agreement; authorizing the City Manager to sign tax abatement agreements when approved by the City Council; having a savings clause and a severability clause; and an effective date. WHEREAS, Chapter 312 of the Texas Tax Code (the “Property Redevelopment and Tax Abatement Act”) provides for the designation of a Reinvestment Zone or area; and WHEREAS, the City Council has, pursuant to Resolution No. R2023-85, established Guidelines and Criteria for Granting Tax Abatement; and WHEREAS, a certain area of the City of Pearland meets the criteria and guidelines heretofore established by the City Council required for designation as a Reinvestment Zone; and WHEREAS, the City Council, on November 13, 2023 held a public hearing on the designa- tion of a Reinvestment Zone and finds that the improvements sought are feasible and practical and would be a benefit to the land to be included in the zone and to the municipality after the expiration of an agreement under the Property Redevelopment and Tax Abatement Act; now, therefore, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF PEARLAND, TEXAS: Section 1. That pursuant to the Property Redevelopment and Tax Abatement Act, the City Council of the City of Pearland, Texas, hereby designates as a Reinvestment Zone the area described in Exhibit “A” attached hereto and made a part hereof for all purposes, to be known as Reinvestment Zone #30. Section 2. That the area described in Exhibit “A” is reasonably likely, as a result of this designation, to contribute to the retention or expansion of primary employment, or to attract major investment into the zone that would be a benefit to the property and that would contribute to the economic development of the City, and that the improvements sought are feasible and practical and DocuSign Envelope ID: 9F0EC400-CCF5-4E36-8555-29B0F30C86CD ORDINANCE NO. 1632 2 would be a benefit to the land to be included into the zone and to the municipality after the expiration of a Tax Abatement Agreement as authorized by the Property Redevelopment and Tax Abatement Act. Section 3. That the designation of the Reinvestment Zone herein expires five (5) years from the effective date of this ordinance and may be renewed by a subsequent ordinance of the City Council for a period not to exceed an additional five (5) years. That expiration of the original designation shall not affect an agreement entered into under the provisions of this ordinance. Section 4. That the City Council hereby authorizes agreements in writing with the owner of any taxable real estate located within the designated Reinvestment Zone, subject to the requirements and optional provisions of the Property Redevelopment and Tax Abatement Act and the conditions of the Guidelines and Criteria for Granting Tax Abatement heretofore adopted by the City Council. Section 5. That any agreement to be entered into under the provisions of this ordinance must be approved by the affirmative vote of a majority of the members of the City Council at a regularly scheduled meeting of the City Council. On approval by the City Council, the agreement may be executed by the City Manager. Section 6. Savings. All rights and remedies which have accrued in favor of the City under this Ordinance shall be and are preserved for the benefit of the City. Section 7. Severability. If any section, subsection, sentence, clause, phrase or portion of this Ordinance is 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. DocuSign Envelope ID: 9F0EC400-CCF5-4E36-8555-29B0F30C86CD ORDINANCE NO. 1632 3 Section 8. Effective Date. This Ordinance shall become effective upon passage and approval of its second reading. PASSED and APPROVED ON FIRST READING this the 27th day of November, A.D., 2023. ________________________________ J. KEVIN COLE MAYOR ATTEST: ______________________________ FRANCES AGUILAR, TRMC, MMC CITY SECRETARY DocuSign Envelope ID: 9F0EC400-CCF5-4E36-8555-29B0F30C86CD For ORDINANCE NO. 1632 4 PASSED and APPROVED ON SECOND AND FINAL READING this the 11th day of December, A. D., 2023. ________________________________ J. KEVIN COLE MAYOR ATTEST: ______________________________ FRANCES AGUILAR, TRMC, MMC CITY SECRETARY APPROVED AS TO FORM: ______________________________ DARRIN M. COKER CITY ATTORNEY DocuSign Envelope ID: 9F0EC400-CCF5-4E36-8555-29B0F30C86CD For N 41'36'38• [ 35.36' . .• . aKm ::..:te�r--�.w.• . �.... 11-is+,-atM 18.055 ACHES (786.444 50. FT] 28993 REPLAT NO. 1 01 1111: MINOR PLAT OF JUD'S DEVELOPMENT NO. I. SECTION A IT - - IA tip: 'L a" F ..r'.'=: IiL'r _. �L•1�=r.- I .-[:•'F 1.0' •1r J •J.1 1 ...r: c..:,..tr: NC: 1. 'A' 11. r'••: 'A' t. 'HEM -' I b. E•. ? R. - i -I[]h f'r:, A_=S':.%o i Y .T� L: r6 A.l::, J�l.��'�i•: 7i.1:N ' 1. [:C • •T,5+. ;23"; -- .r.-r.:;r: •rlu. w 11 sm ti1:e 1.r [;kncI, 3- S