HomeMy WebLinkAboutResolution 1998-073RESOLUTION NO. 98-73
WHEREAS, the economic viability of the City of North Richland Hills depends on the
City's ability to attract new investment through the location of new industry and the
expansion of existing industry, and;
WHEREAS, the creation and retention of job opportunities that result from new
economic development is the highest civic priority, and;
WHEREAS, Chapter 311 of the Texas Tax Code authorizes City Councils to create
a Tax Increment Financing District if the area's present condition "substantially impair's
City's growth" or has "substandard or deteriorating, faulty layout, unsanitary or unsafe
conditions that endanger life", and;
WHEREAS, the City of North Richland Hills City Council recognized that the
Richland Plaza Shopping Center meets such criteria, designating the 42.09-acre site as
Tax Increment Reinvestment Zone Number One on September 14, 1998; and,
WHEREAS, the City has since convened the Zone's Board of Directors, who
recommended City Council approval of a participation agreement with the Birdville
Independent School District; and,
WHEREAS, City staff has likewise negotiated a similar agreement with the Tarrant
County Junior College District; and,
WHEREAS, the Junior College Board of Trustees expressed interest in participating
in Reinvestment Zone Number One, City of North Richland Hills, when they appointed a
TIRZ Board Director in July 1998.
NOW, THEREFORE BE IT RESOLVED that the City of North Richland Hills City
Council does hereby approve the participation agreement with the Tarrant County Junior
College District, and;
BE IT FURTHER RESOLVED that the City of North Richland Hills City Council does
hereby authorize the City Manager to execute said agreement.
Passed by the City Council this 21 st day of December, 1998.
Charles Scoma, Mayor
City of North Richland Hills, Texas
ATTEST:
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Patricia Hutson, City Secretary
APPROVED AS TO CONTENT:
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Marty Wieder,, Director of`Economic Development
APPROVE!D~AS TO FORM AND LEGALITY:
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Rex McEntire, Attorney for the City