HomeMy WebLinkAboutOrdinance 2265
ORDINANCE NO. 2265
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 and September 22, 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, H&M Food Systems Company, Inc. has requested the designation of
a reinvestment zone for the purpose of tax abatement of real property belonging to H&M
Food Systems Company, Inc. for the purpose of economic development as defined under
the Texas Property Redevelopment and Tax Abatement Act, and;
WHEREAS, on the 15th day of December, 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 22nd day of December 1997, to consider the request of
H&M Food Systems Company, 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 H&M Food Systems Company, Inc. meet the applicable
guidelines and criteria adopted by the City Council as of March 24, 1997 (and amended
September 22, 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;
Page 2
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 27th day of October, 1997.
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Tommy Brown, M or
City of North Ri land Hills, Texas
ATTEST:
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Patricia Hutson, City Secretary
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I APPROVE,~~~NTENT:
\ ¡"'~r, Director of Economic Development
APPROVED AS TO ~& LEG~"
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Rex Mc~n£re, City Attorney
Exhibit A
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