HomeMy WebLinkAboutOrdinance 2212
ORDINANCE NO. 2212
WHEREAS, the City of North Richland Hills City Council has determined that the
economic well-being of the City of North Richland Hills is of primary concern, and;
WHEREAS, Chapter 312, Texas Tax Code, known as the Texas Property
Redevelopment and Tax Abatement Act, provides that the City of North Richland Hills has
the authority to create reinvestment zones within the City for the purpose of economic
development, and;
WHEREAS, on March 24, 1997 the City of North Richland Hills City Council, by
resolution, established certain guidelines and criteria governing tax abatement agreements
and indicated the desire of the City of North Richland Hills to remain eligible to participate
in tax abatement agreements, and;
WHEREAS, T ecnol, Inc. has requested the designation of a reinvestment zone for
the purpose of tax abatement of real property belonging to Tecnol, Inc., for the purpose
of economic development as defined under the Texas Property Redevelopment and Tax
Abatement Act, and;
WHEREAS, on the 16th day of June, 1997, notice was published in the Fort Worth
Star-Telegram stating that a public hearing would be conducted by the City of North
Richland Hills City Council on the 23rd day of June 1997, to consider the request of
Tecnol, Inc. to have the property herein described in Exhibit "A" as a reinvestment zone,
and;
WHEREAS, it is the finding of the City Council of the City of North Richland Hills
that the terms of the agreement and the properties subject to the agreement as presented
to the City of North Richland Hills by Tecnol, Inc., meet the applicable guidelines and
criteria adopted by the City Council as of March 24, 1997, and;
WHEREAS, it is the finding of the City Council of the City of North Richland Hills
that the creation of a reinvestment zone for the above stated property would be a benefit
to the said property and the development anticipated to occur in the proposed zone would
contribute to the economic development of the City of North Richland Hills, and;
WHEREAS, it is the finding of the City Council of the City of North Richland Hills
that the designation of the reinvestment zone would contribute to the retention or
expansion of primary employment within the City of North Richland Hills, Texas, and;
WHEREAS, it is the finding of the City Council of the City of North Richland Hills
that the designation of the reinvestment zone would attract major investment in the zone.
BE IT THEREFORE ORDAINED that the City Council of the City of North Richland
Hills hereby designates as a reinvestment zone the property herein described in Exhibit
"A" pursuant to the authority contained in Section 312.401 of the Texas Property
Redevelopment and Tax Abatement Act.
Passed in open session of the City Council this 23rd day of June, 1997.
b __ sW--
Byr~ibbet, Mayor Pro Tem
City of North Richland Hills, Texas
ATTEST:
L?atu~~
Patricia Hutson, City Secretary
Approved as to form and legality:
EXHIBIT A
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