Ord 2005-017 - Laserfiche WebLink

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I I I FInal 2-1-05 satIsfy the claIms of holders of tax Increments bonds or notes Issued for the Zone, or to pay oblIgations incurred pursuant to agreements entered Into to Implement the proJect plan and reInvestment zone finanCIng plan and achIeve theu purpose pursuant to SectIOn 311 01 O(b) of the Texas Tax Code. SECTION 7. Open Meetings Compliance. It IS hereby found, determIned and declared that a sufficIent wrItten notIce of the date, hour, place and subject of the meetIng ofthe CIty CouncIl at whIch thIS OrdInance was adopted was posted at a place convement and readily accessible at all times to the general publIc at the CIty Hall of the CIty for the tIme reqUIred by law precedIng its meeting, as reqUIred by the Open Meetings Law, Texas Government Code, ch. 551, and that thIS meetIng has been open to the publIc as reqUIred by law at all tImes durIng WhICh this OrdInance and the subJect matter hereof has been dIscussed, consIdered and formally acted upon. The CIty Council further ratIfies, approves and confirms such wrItten notIce and the contents and postIng thereof. SECTION 8. The contents of the notIce of the publIc hearIng, whIch hearIng was held before the CIty CouncIl on February 1, 2005, and the publIcatIOn ofthe notIce, are hereby ratIfied and confirmed. SECTION 9. The PrelImInary ProJect Plan and Reinvestment Zone FInanCIng Plan for the Zone, a copy of whIch IS attached as ExhibIt C, are approved. SECTION 10. Without lImItIng the authOrIty ofthe CIty CouncIl to termInate the Zone for good and sufficient reason, the CIty CouncIl expressly reserves the rIght to terminate the Zone for any of the follOWIng reasons A. InabIlIty ofthe CIty to reach an agreement WIth the Developer for reImbursement of the cost of the ProJect; or B FaIlure or InabIlIty of Hays County to commit, by agreement WIth the CIty, a suffiCIent portIOn of the tax Increment revenue of Hays County from the Zone to reImbursement of the cost of the ProJect. SECTION 11 If any word, phrase, clause, sentence, or paragraph ofthIs ordInance IS held to be unconstItutional or invalid by a court of competent JUrIsdiction, the other prOVlSlons of thIS ordInance wIll contInue In force If they- can be gIven effect without the invalid portion. SECTION 12. All ordInances and resolutIOn or parts of ordInances or resolutIOns In COnflICt with thIS ordInance are repealed. SECTION 13. ThIS OrdInance WIll take effect ten days after the date of ItS final passage, and the CIty Clerk WIll publIsh notice of ItS adoptIOn In a newspaper of general CIrculatIOn In the CIty PASSED on first readIng on February 1, 2005 PASSED on second readIng on February 15. 2005. -5-