HomeMy WebLinkAboutORD 2022-46 - Reinvestment ZoneORDINANCE NO. 20221#4 (-
An Ordinance of the City Council of the City of Georgetown, Texas, designating
Reinvestment Zone No. 2022-02; providing eligibility of the zone for commercial -
industrial tax abatement; containing findings that the area qualifies to be designated
as a reinvestment zone and the improvements sought are feasible and practicable and
of benefit to the land and the City; providing a repealing clause; providing a
severability clause; and providing an effective date.
Whereas, the City Council of the City of Georgetown, Texas, has caused notice to be
published in a newspaper having general circulation in the City and has delivered such notice to the
presiding officer of the governing body of each taxing unit that includes in its boundaries real property
described herein that is to be included in the proposed reinvestment zone described herein; and
Whereas, the City Council of the City of Georgetown, Texas, has conducted a public hearing
on the designation of the area described herein as a reinvestment zone on June TBD, 2022 at 5 p.m.
in the Council Chambers at the City Hall at which interested parties were allowed to speak and present
evidence for or against the designation;
Now, therefore, be it ordained by the City Council of the City of Georgetown, Texas, that:
Section 1. The City Council of the City of Georgetown, Texas, finds that the area described
herein will, if designated as a reinvestment zone, be reasonably likely to contribute to the retention or
expansion of primary employment, or to attract major investment in the zone that will be of benefit
to the property and contribute to the economic development of the City. The City Council further
finds that the improvements sought are feasible and practicable and would be of benefit to the land to
be included in the zone and to the City after the expiration of a tax abatement agreement.
Section 2. Pursuant to the provisions of Section 312.201 of the Texas Tax Code, the property
described in Exhibit "A" attached hereto and made a part hereof for all purposes is hereby designated
as a reinvestment zone and for identification is assigned the name "Reinvestment Zone No. 2022-02"
or "Project Element Zone".
Section 3. The property within Reinvestment Zone No. 2022-02 is eligible for commercial -
industrial tax abatement effective on January 1, 2022.
Section 4. All provisions of the ordinances of the City of Georgetown, in conflict with the
provisions of this Ordinance be, and the same are hereby, repealed, and all other provisions of the
ordinances of the City of Georgetown not in conflict with the provisions of this Ordinance shall
remain in full force and effect.
Section 5. Should any sentence, paragraph, subdivision, clause, phrase, or section of this
Ordinance be adjudged or held to be unconstitutional, illegal, or invalid, the same shall not affect
the validity of this Ordinance as a whole or a part or provision thereof other than the part thereof
decided to be unconstitutional, illegal, or invalid.
Ordinance Nu ber: 2022A yb Page 1 of 3
Description: 14Y .Q 20ZZ- DZ Case File N her:
Date Approved: C(ol DZ-L- Exhibits Attached
Section 6. This Ordinance shall take effect immediately from and after its passage and the
publication of the caption, as the law and charter in such cases provide.
APPROVED on First Reading on the TP6ay of May 2022.
APPROVED AND ADOPTED on Second Reading on the day of June 2022.
THE CITY Ol-15EORGETOWN:
APPROVED AS TO FORM:
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Skye arson City Attorney
Ordinance Number: 2022* 46
Description: 7 4v t '(�ZZ -b2
Date Approved: 0161oft 011-
ATTEST:
Robyn D nsmore
City Secretary
Page 2 of 3
Case File Number:
Exhibits _Pc Attached
Exhibit "A"
Reinvestment Zone Location
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Ordinance Number: 2022-* 4l0 Page 3 of 3
Description: VEMwVAVf- zC7&C ZoZZ-DZ Case File Number:
Date Approved: O: 0f, ZZ Exhibits k— Attached