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WHEREAS, Section 107.1(b)(9) of the rules (the "Rules') of
the Texas Industrial Commission (the "Commission") for industrial
projects sets out special rules for approval of commercial pro-
jects in blighted or economically depressed areas; and
WHEREAS, the governing body of the city desires to authorize
the financing of certain projects for commercial uses as provided
in the Act and the Rules by establishing one or more eligible
blighted areas; and
WHEREAS, the Act requires that notice of a hearing at which
the City considers establishment of an economically depressed or
blighted area shall be posted at the City Hall prior to such hear-
ing;
ear-
ing; and
WHEREAS, on September 14, 1982, the Governing Body of the
Unit adopted that certain "Resolution of the City Council Author-
izing Provision of Notice to the Texas Industrial Commission and
Publication of Notice With Respect to a Public Hearing to Consider
Designation of One or More Eligible Blighted Areas Within the
City; Describing One or More Eligible Blighted Areas to be Desig-
nated by the City; Determining the Date, Time and Location of a.
Public Hearing; and Containing Ott,..er Provisions Relating to the
Subject"; and
WHEREAS, pursuant to such resolution notice of a public hear-
ing was provided to the Texas Industrial Commission (the "Commis-
sion") on September , 1982, by hand delivery and notice of
such public hearing was published once a week for two consecutive
weeks in a newspaper of general circulation in the City and
notice of the public hearing was posted at the City Hall on
September —, 1982; and
WHEREAS, the notice provided to the Commission and as pub-
lished and posted included both a description of the area or areas
proposed by the City to be designated as eligible blighted areas
and the dai:e, time and location of the public hearing concerning
such designation; and
WHEREAS, a public hearing was held at the City Hall on
October 12, 1982, pursuant to the Act and Chapter 107 of the Rules
of the Commission for the purposes of establishing one or more
eligible blighted areas; and
WHEREAS, the Governing Body of the City has concluded to re-
quest the Commission to approve projects for commercial uses and
therefore desires to adopt this resolution in compliance with the
requirements of the Act and the Rules; and