Ord 2006-008 - Laserfiche WebLink

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7. WHEREAS, evidence was received and presented at the public hearing in favor of the creation of the proposed reinvestment zone under the provisions of Chapter 311, Texas Tax Code; and 8. WHEREAS, no owner of real property in the Reinvestment Zone Area protested the inclusion of the owner's property in the Reinvestment Zone Area; and 9. WHEREAS, the City has provided all information, and made all presentations, given all notices and done all other things required by Chapter 311, Texas Tax Code, or other law as a condition to the creation ofthe proposed reinvestment zone; and 10. WHEREAS, the total appraised value of real property taxable by Hays County in the proposed reinvestment zone is approximately $1,306,800; and 11. WHEREAS, the total appraised value of real property taxable by the San Marcos Consolidated Independent School District in the proposed reinvestment zone is $1,306,800; and 12. WHEREAS, the total area of the real property within the Reinvestment Zone Area is approximately 15 acres, including property that is publicly owned; NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS, TEXAS: SECTION 1. Findings. (a) The facts and recitations contained in the preamble of this Ordinance are hereby found and declared to be true and correct and are adopted as part of this Ordinance for all purposes. (b) The City Council further finds and declares that the proposed improvements in the Reinvestment Zone Area will significantly enhance the value of all the taxable real property in the Reinvestment Zone Area and will be of general benefit to the City. (c) The City Council further finds and declares that the Reinvestment Zone Area meets the criteria and requirements of Section 311.005 ofthe Texas Tax Code because the Reinvestment Zone Area contains substantial areas that are predominantly open and underdeveloped, and lack public water distribution, wastewater collection and storm drainage facilities, and these conditions substantially impair and arrest the sound growth of the City. (d) The City Council, pursuant to the requirements of Chapter 311, Texas Tax Code, further finds and declares: (1) That the Reinvestment Zone Area is a contiguous geographic area located wholly within the corporate limits ofthe City of San Marcos; (2) That not more than ten percent of the property in the Reinvestment Zone Area, excluding property that is publicly owned, is currently used for residential purposes; -2- I I I