12291983 Regular Meeting - Laserfiche WebLink

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124 Regular Meeting December 29, 1983 Page 2 Mayor Craddock opened a public hearing to consider the establishment of a reinvestment zone of 121. 43 acres in the J. M. Veramendi Survey No. 1, A-17, Hays County, Texas, located on IH35 South. Mayor Craddoc1- asked if anyone wished to speak in favor of the zone. Jane Woods, representing the owners of the property, stated she wanted the Council to consider establishing the zone and amending the following Ordinance to establish the Board within sixty days. She stated the owners were willing to raise the valuation of the property from the present valua- tion of $2,000 to seven times that amount. Joe Verdoorn spoke in favor of the zone stating it would bring a quality development to San Marcos that could not otherwise be achieved without the benefit of the TIF zonlng. Sylvia Caskey, representing the School Board, stated the Board formally considered the zone at their December 16, 1983 meeting, and were opposed to the zone for this parcel of property, but were not necessarily opposed to TIF zoning. She said the zone did not meet the criteria or the spirit of the law. She felt a valuation of $25,000 per acre should be placed on the property. The Board felt there was a general lack of information furnished in which to make a decision and there was a general concern in granting an exemption to this taxpayer. Jane Woods said the intent of the zone is to promote sound, quality growth through the Board of Directors. Joe Verdoorn showed some aerial photos showing most of the growth in that area is not intense, as they plan for this zone. Jim Byrn commented that a valuation of a tract of approximately 40 acres in the area was $28,000 per acre but that the property already had utilities and that the TIF zone in question does not. Marcos Hernandez, representing the School Board, expressed the same concerns for the zone as Ms. Caskey but stated he felt the School Board was in agreement to work with the City during the next sixty days to see if their questions could be resolved. John Stokes stated as a taxpayer he is opposed to a free ride for any taxpayers, but that this zone was an opportunity for the City and that the City should go forward with it. James L. Ford stated in years past the City of San Marcos passed up the opportunity to have a mill in San Marcos, and the mill went to New Braunfels. He said this zone would create an incentive for industry to come here and make available employment opportunities for our citizens. Charles Chapman reviewed with the Council the find- ings of fact and testimony offered regarding provisions of Section 2(d) of the Ordinance. Marcos Hernandez stated the School Board was most interested in the valuation of the property. No one else wished to speak in favor or in opposition to the zone, so Mayor Craddock closed the public hearing. Mayor Craddock introduced for consideration adoption of an Ordinance on emergency, the caption which was read as follows: ORDINANCE DESIGNATING A CERTAIN AREA AS REINVESTMENT ZONE NUMBER ONE, CITY OF SAN MARCOS, TEXAS, ESTABLISH- ING A BOARD OF DIRECTORS FOR SUCH ZONE, AND OTHER MAT- TERS RELATING THERETO. Mayor Craddock moved for adoption of the Ordinance and Mr. Farr second- ed the motion. Mr. Farr moved to amend Section 4 of the Ordinance In its entirety, which was read into the record as follows: "SECTION 4. That there is hereby established a board of directors for the zone which shall consist of five (5) members. Within sixty (60) days of the date hereof the City Council of the City will appoint three ( 3) residents of the City, who meet the eligibility requirements as set forth in the Act, to serve as members of the board of directors. "Each other taxing unit that levies real property taxes in the reinvest- men t zone may appoint one member to the board of directors. Any such unit may waive its right to appoint a director. All appointments must