Ord 2011-068 - Laserfiche WebLink

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WHEREAS, evidence was received and presented at the public hearing in favor of the designation of the proposed Zone No. 4 and its boundaries under the provisions of Chapter 311, Texas Tax Code; and WHEREAS, the Developer is the sole owner of the real property within Zone No. 4 and, therefore, no owner of real property in the proposed Zone No. 4 protested the inclusion of their property in the proposed Zone No. 4; and WHEREAS, one historic structure within the boundaries of proposed Zone No. 4 is currently inhabited, otherwise no property within the proposed Zone No. 4 is currently used for residential purposes, as that term is defined in Section 311.006(d) of the Texas Tax Code; and WHEREAS, the City has provided all information, given all notices and done all other things required by Chapter 311, Texas Tax Code, or other law as a condition to the designation of the proposed Zone No. 4; and WHEREAS, the total appraised value of taxable real property in the proposed Zone No. 4 does not exceed 50 percent (50 %) of the total appraised value of taxable real property in the City. 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 Zone No. 4 will significantly enhance the value of all the taxable real property in the proposed Zone No. 4 and will be of general benefit to the City. c) The City Council further finds and declares that the proposed Zone No. 4 meets the criteria and requirements of Section 311.005(a)(4) of the Texas Tax Code because the sole landowner of the property set forth in Exhibit "A" submitted a petition to the City Council on May 17, 2011 requesting the area be designated as a reinvestment zone. d) The City Council, pursuant to the requirements of Chapter 311, Texas Tax Code, further finds and declares: (1) The proposed Zone No. 4 is a contiguous geographic area located wholly within the corporate limits of the City of San Marcos; -(2) The total appraised value of taxable real property in the proposed Zone No. 4, does not exceed 50 percent (50 %) of the total appraised value of taxable real property in the City and in the industrial districts created by the City;