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WHEREAS, the Commissioners Court provided an opportunity for interested persons to speak <br />for and against the designation of the Zone and its boundaries. <br />THEREFORE, BE IT NOW ORDERED BY THE HAYS COUNTY COMMISSIONERS COURT, that: <br />1. The area generally depicted on the map attached hereto as Attachment "A" and <br />described more specifically in the boundary description attached hereto as Attachment <br />"B" shall be and is hereby designated as "Transportation Reinvestment Zone Number <br />One, County of Hays"; and <br />2. An ad valorem tax increment account for the Zone shall be and is hereby <br />established. The County shall pay into the tax increment account an amount equal to the <br />tax increment, defined as the amount of ad valorem taxes levied and collected by the <br />County for the year on the captured appraised value of real property taxable by the <br />County and located in the Zone, minus any taxes collected for the Road and Bridge <br />Maintenance and Operations Fund. The captured appraised value of real property taxable <br />by the County for a year is the total appraised value of all real property taxable by the <br />County and located in the Zone for that year less the tax increment base of the County for <br />all real property taxable by the County and located in the Zone for the base year as <br />established herein; and <br />3. The designation of the Zone takes effect immediately upon passage of this Order, <br />and the base year for purposes of computing the tax increment shall be 2013; and <br />4. One -half of the tax increment on property within the Zone shall be dedicated to <br />reimburse TxDOT for Project costs under the terms of the AFA. <br />Approved and signed this 10`h day of December, 2013. <br />(", -, -- — <br />Debbie Gonzales 14jalsbe <br />Commissioner, Pct. 1 <br />Will Conley <br />Commissioner, Pct. 3 <br />AUS:0054343/00000:519004v4 <br />Hays County Clerk <br />C/ <br />