1991T13- SCHERTZ BUSINESS PARK; REINVESTMENT ZONE
ORDINANCE NO. c; /- T ~ / 3
AN ORDINANCE
BY THE CITY COUNCIL OF THE CITY OF SCHERTZ,
TEXAS, ESTABLISHING THE SCHERTZ BUSINESS
PARK AS A REINVESTMENT ZONE
WHEREAS, the Texas Property Tax Code, Section 3l2, allows
the creation of Reinvestment Zones; and
WHEREAS, the property described as Schertz Business Park in
Volume 4, page 336, Plat records of Guadalupe County, Texas, is
currently zoned for General Business; and
WHEREAS, it is the belief of the City Council that
establishing Schertz Business Park as a Reinvestment Zone is
reasonably likely to contribute to the retention or expansion of
primary employment or to attract major investment in the zone
that would benefit the property and would contribute to the
economic development of the property; and
WHEREAS, it has been the stated policy of this Council to
support and promote the economic development of this community;
and
WHEREAS, a Public Hearing was held to hear comments from
the public on 1 October, 1991; NOW THEREFORE
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF SCHERTZ, TEXAS:
THAT the City Council hereby establishes the Schertz
Business Park as a Reinvestment Zone under the provisions of
Section 312 of the Texas Property Tax Code.
Approved on first reading the ~ day of
o cJ!;;t,..v-v , 1991.
PASSE~APPROVED AND
(1 ,..e/l..; ,1991
ADOPTED
this
the
IS- day
of
~ jY;Z;-~
Mayor, City f Schertz, Texas
ATTEST:
ity of Schertz