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<br />ORDINANCE NO 2005 - ---1..0..9 <br /> <br />AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF SAN <br />MARCOS, TEXAS ADDING SECTION 2.545 OF THE CITY CODE <br />TO DESIGNATE THE MA YOR AND CITY MANAGER TO <br />PERFORM PROCEDURAL STEPS RELATED TO THE CREATION <br />OF TAX INCREMENT REINVESTMENT ZONES, INCLUDING <br />PROCEDURAL PROVISIONS, AND DECLARING AN <br />EMERGENCY <br /> <br />175. <br />~ ("') <br />-< -~~ <br />1 --1 <br /> <br />!~,S <br />\~~~ <br />\[: ~:;ri <br />f2- ~::J:; <br />~~ <br />~ <br />---' <br /> <br />~ <br />c:::> <br />c:.n <br />CJ <br />r'1 <br />n <br /> <br />-- <br /> <br />n~ Vl <br />Ln 0 <br />.-lI C) ~ e <br />Oti C) a:CtI <br />C'-..J W~ <br />W~ r-- ....J C <br />I~ 0 UCtI <br />;>00 <br />..J 1-- <br />- 0 <br />~ U~ <br />=:l <br /> U <br /> <br />... <br /> <br />.I=- <br /> <br />I <br />t <br /> <br />-u <br />~ <br />'t? <br /> <br />()l <br /> <br />RECITALS: <br /> <br />1 The EconomIc Development IncentIves PolIcy approved by the CIty CouncIl m May <br />of 2005 mcorporates the possible use of tax mcrement financmg for mfrastructure projects <br />related to new development or redevelopment. <br /> <br />2 State statutes provIde for the "governmg body" of a munIcIpalIty to take procedural <br />steps such as provldmg notIce of a proposed tax mcrement remvestment zone ("TIRZ") <br />desIgnatIOn to other taxmg unIts, makmg a presentatIOn to governmg bodIes of other taxmg umts, <br />and meetmg WIth representatIves of other taxmg umts to dISCUSS a proposed TIRZ. <br /> <br />I <br /> <br />3 The CIty CouncIl wIshes to authorIze the Mayor and CIty Manager to act as the <br />CouncIl's representatIves for all procedural steps related to TIRZ formatIOn by the CIty, except <br />for a) holdmg publIc hearIngs on proposed tax mcrement remvestment zones, b) deslgnatmg the <br />zones (by ordmance), c) appomtmg TIRZ board members, d) approvmg TIRZ financmg and <br />project plans, and e) approvmg agreements wIth other entItles for partIcIpatIOn m TIRZ projects. <br /> <br />BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS, <br />TEXAS. <br /> <br />SECTION 1. SectIOn 2.545 ofthe CIty Code IS added to read as follows <br /> <br />Sec. 2.545. Authority of mayor and city manager-tax increment reinvestment zone <br />designation. <br /> <br />(a) The mayor and the CIty manager are authorIzed to act on behalf of the CIty councIl m all <br />matters related to desIgnatIOn of proposed tax mcrement remvestment zones, except for <br />those matters specIfically listed m subsection (b) below The delegatIOn of authorIty to the <br />mayor and CIty manager mcludes, but IS not lImIted to, the followmg. <br /> <br />I <br /> <br />(1) Provldmg notIce of proposed tax mcrement remvestment zone desIgnatIOns to <br />other taxmg umts. <br /> <br />(2) Makmg presentatIOns to the governmg bodIes of other taxmg unItS related to <br />proposed tax mcrement remvestment zone desIgnatIons. <br />