2005R13- TAX INCREMENT INVESTMENT ZONE
RESOLUTION NO. 05-R-13
RESOLUTION CONCERNING DESIGNATION OF A TAX
INCREMENT INVESTMENT ZONE BY THE CITY OF
SCHERTZ; AUTHORIZING PRELIMINARY ACTIONS;
AND OTHER MATTERS IN CONNECTION THEREWITH
WHEREAS, the City Council desires to promote and encourage orderly growth and
development within the City of Schertz (the "City");
WHEREAS, Chapter 311 of the Texas Tax Code, as amended (the "Act"), provides for
the designation oftax increment financing zones and the use oftax increment financing as a tool
to promote and attract quality residential development and much needed public infrastructure
within the City;
WHEREAS, the City is considering designation of a tax increment financing zone within
the corporate limits of the City and including the land described on Exhibit A hereto (the
"Zone");
WHEREAS, the City Council has preliminarily determined to designate the Zone to
encourage quality residential development and construction of public infrastructure;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF SCHERTZ, TEXAS:
Section 1. The City of Schertz supports and encourages the growth and development
of new housing opportunities within the city limits of the City and by this resolution proclaims
the City's preliminary intention to designate the Zone within the City.
Section 2. City Staff shall take such further preliminary actions as may be required
by the Act, including but not limited to preparing a preliminary reinvestment zone financing
plan, providing notices, conducting public hearings, and notifying and meeting with
representatives of other taxing jurisdictions, to investigate designation of the Zone.
"
Section 3. This Resolution is an expression of the preliminary intent of the City to
designate the Zone and shall not be construed to obligate the City to take such action. Prior to
such designation, the City shall take all actions as are required by the Act, subject to the City
Council making all required findings thereunder.
Section 4. If any provision of this Resolution Or the application thereof to any person
or circumstance shall be held to be invalid, the remainder of this Resolution and the application
of such provision to other persons and circumstances shall nevertheless be valid, and the City
Council hereby declares that this Resolution would have been enacted without such invalid
provision.
Section 5. This Resolution shall be construed and enforced in accordance with the
laws of the State of Texas and the United States of America.
Section 6. It is officially found, determined, and declared that the meeting at which
this Resolution is adopted was open to the public and public notice of the time, place, and subject
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matter of the public business to be considered at such meeting, including this Resolution, was
given, all as required by Chapter 551, as amended, Texas Government Code.
(SEAL)
ATTEST:
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