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ORDINANCE NO. 9g-i 4t <br /> AN ORDINANCE OF THE CITY COUNCIL OF THE CITY <br /> OF GRAPEVINE, TEXAS ADOPTING A TAX INCREMENT <br /> FEASIBILITY STUDY, PROJ�CT PLAN, FINANCING PLAN <br /> AND BY-LAWS OF THE BOARD OF DIRECTORS OF THE <br /> TAX INCREMENT FINANCING DISTRICT NUMBER TWO <br /> PURSUANT TO TEXAS TAX CODE CHAPTER 311; <br /> DECLARING AN EMERGENCY AND PROVIDING AN <br /> EFFECTIVE DATE <br /> BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF GRAPEVINE, <br /> TEXAS: <br /> Section 1. That a Tax Increment Feasibility Study (Exhibit A), Project Plan <br /> (Exhibit B), Financing Plan (Exhibit C) and By-Laws of the Board of Directors (Exhibit D) <br /> pursuant to Texas Tax Code Chapter 311, attached hereto and incorporated herein for <br /> all purposes, are hereby approved. <br /> Section 2. The fact that the present ordinances and regulations of the City of <br /> Grapevine, Texas are inadequate to properly safeguard the health, safety, morals, <br /> , . peace and general welfare of the inhabitants of the City of Grapevine, Texas, creates an <br /> emergency for the immediate preservation of the public business, property, health, <br /> safety and general welfare of the public which requires that this ordinance shall become <br /> effective from and after the date of its passage, and it is accordingly so ordained. <br /> PASSED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF <br /> GRAPEVINE, TEXAS on this the 15th day of December, 1998. <br /> APPROVED: <br /> William D. Tate <br /> Mayor <br />