HomeMy WebLinkAboutORD 2024-002[000 I'll I
AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF
GRAPEVINE, TEXAS, AMENDING ORDINANCE NO. 96-07
AND ORDINANCE NO. 2015-074 CONCERNING TAX
INCREMENT FINANCING REINVESTMENT ZONE
NUMBER ONE, CITY OF GRAPEVINE, TEXAS,
ESTABLISHED PURSUANT TO CHAPTER 311 OF THE
TEXAS TAX CODE, AMENDING THE COMPOSITION AND
POWERS OF THE BOARD OF DIRECTORS FOR THE
ZONE; PROVIDING FOR SEVERABILITY; DECLARING
AN EMERGENCY AND PROVIDING AN EFFECTIVE
DATE
WHEREAS, on February 20, 1996, the City Council of the City of Grapevine,
Texas, pursuant to Chapter 3111 of the Texas Tax Code, approved Ordinance No. 96-07
designating a contiguous geographic area within the City as Reinvestment Zone Number
One, City of Grapevine, Texas (the "Zone") and established a Board of Directors for the
Zone (the "Board of Directors") to promote development or redevelopment in the Zone,
and
WHEREAS, on December 15, 2015, City Council of the City of Grapevine, Texas,
approved Ordinance No. 2015-074 that amended the Zone by adding approximately 242
acres to the Zone and extended the termination date of the Zone to December 31, 2038;
and
WHEREA',,.S, the City Council of the City of Grapevine, Texas, now desires to
amend Reinvescment Zone Number One, City of Grapevine, Texas, to amend the
composition and povvers o'I'the Board of Directors; and
WHEREAS, all constitutional and statutory prerequisites for the approval of
this Resolution have been,,rnet, including but not limitedto the Open Meetings Act and
trj I'D I
Chapter 2 11 of d e Local Government Code, and
WHEREAS, the City Council deems the adoption of this ordinance to be in the
best interests of �Lhe health, safety, and welfare of the public.
NOW T HERE' DRE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF
GRAPEVINE, TEXAS:
Sectioni 1. That aiH rnatters stated hereinabove are found to be true and corre
and are incorporated herein by reference as if copied in their entirety.
The Board shall consist of five (5) members comprised of four (4) City
Council members and the Mayor.
The Mayor shall serve as chairman of the Board and the Board may elect a
vice chairman and such other officers as the Board sees fit. Additionally,
each taxing unit that levies taxes within the Zone and chooses to contribute
all or part of the tax increment produced by the unit into the tax increment
fund may appoint one member of the board. The number of directors on the
Board of Directors shall be increased by one for each taxing unit that
appoints a director to the board, provided, that the maximum number of
directors s,' jail not exceed fifteen (15). Members of the board are appointed
for terry -is of two years unless longer terms are provided under Article X1,
Section 11, of the Texas Constitution. A vacancy on the board is filled for
the unexpired term by appointment of the governing body of the taxing unit
In -at appofflted Lhe director who served in the vacant position.
Trie Scam shah make recommendations to the City Council concerning the
adrinInistrati0f-1, -nanagernent, and operation of the Zone. The Board shall
pe.,Jorrf-i aH, duties 1'rnposed upon it by Chapter 311 of the Texas Tax Code
I o'Live# appitcable laws. The Board of Directors shall have all powers
as provided under Chapter 311 of the Texas Tax Code, including the
� vj "s cf a municipality under Chapter380, Texas Local Government Code
,�,Is pi'C)VtOel�I i�-� Section 3 1
anything to tie contrary herein, the Board shall not be
authocizec' "Lo E'i) issues bonds; ('Ii) impose taxes or fees; (iii) exercise the
0" 6-fflfleiH 0`0.man, or (JV) CHVe 11rial approval to the Zone's project
ai!C-" -�,S! n c. r : Q plan.
rn t th-e Zoirle prier to the adoption of this Ordinance shall remain
e e t --
'-he 'efrAnation of the Zone shall occur upon any of the following:
31 2038 (with the Final year's tax increment to be collected by
12J39); Oi) at an eahier tirne designated by subsequent ordinance;
�J
r;K� PI subse;cent to the issuance of tax increment bonds, if any,
C L
a� �ect CstG, 'ax incrannen- bonds, notes and other obligations of the
L
Zo L',!! e ffEter st thereon. have been paid in full, in accordance with
1.6�'i "' of the Act.
�-'Don 4, Shoul'd any section, s u. 11-1 section, sentence, clause or phrase of this
Ordina,,,ce be deciared unconstitutional or invalid by a court of competent jurisdiction, it
is expof this Ordinance shall remain
in full and effect. The City hereby declares that it would have passed this
Ordinance No. 2024-002 2
Ordinance, and each section, subsection, clause or phrase thereof irrespective of th't
fact that any one or more sections, subsections, sentences, clauses and phrases bt-
declared unconstitutional or invalid.
Section 5. it is hereby found, determined, and declared that sufficient written noti
oil the da-[e, (�ouc, place and subject of the meeting of the City Council at which th
Ordinance v�--as adopted was posted at a place convenient and readily accessible at
its meeting, as required by Chapter 551 of the Texas Government Code, and that th
I
meetinci has been open to the public as required by law at all times during which th
Ordinance and 'he sub'ect mabter hereof has been discussed, considered and formal
E!CteCi L100n, rie '.�Iy U"'ouricil furtner fati-nes, approves and confirms such written noti
and the conLerlL-s anj posting thereof.
T.,.&L---hefac�zhat Ucie present ordinances and regulations of the City
7':-1-,\zas, -,-.remade
dequae cc) p�-opehy sa-i:eguard the health, safety, morals,
peace z-.- 2, &-era kIve ."age a inhabil ants of the City of Grapevine, Texas, creates
�a, n �L n
an tne i,'rin'iediaie preservation of the public business, property, health,
safety ?i rd g, e , .Jer.al Lei are of public which requires that this ordinance shall become
erec,v rS i5r"a' passage, and it is accordingly so ordained.
-tida, L,-e 0-1 'I-
:3 JF N'L-I APPROVED I -� I i--
LAby the City Council of the City of Grapevine, Texas,
+ s the 1 d c-7,r J a u a ry 4
A PPPZ 0 V E D
William D. Tate
Mayor
Tara gooks 1�
City Secretary
(n. (L
ivlattew (:.&. Boyle
City Attorney
CylrdManoe -Nlo22C24-002 3