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HomeMy WebLinkAboutRes 2025-11-1855 Setting a Public Hearing for the Creation of the Sherley Farms TIRZCITY OF ANNA, TEXAS RESOLUTION NO. _2025-11-1855_ A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ANNA, TEXAS, SETTING A PUBLIC HEARING UNDER SECTION 311.003 OF THE TEXAS TAX CODE FOR THE CREATION OF A TAX INCREMENT REINVESTMENT ZONE CONTAINING APPROXIMATELY 1,123.592 ACRES OF LAND GENERALLY LOCATED EAST OF TEXAS STATE HIGHWAY 5, NORTH OF FARM TO MARKET 455, SOUTH OF COUNTY ROAD 427, WEST OF COUNTY ROAD 511 AND BEING WHOLLY LOCATED WITHIN THE CORPORATE LIMITS OF THE CITY OF ANNA, TEXAS; AUTHORIZING THE ISSUANCE OF NOTICE BY THE CITY SECRETARY OF THE CITY OF ANNA, TEXAS, REGARDING THE PUBLIC HEARING; AND DIRECTING THE CITY OF ANNA, TEXAS TO PREPARE A PRELIMINARY REINVESTMENT ZONE FINANCING PLAN. WHEREAS, the City of Anna, Texas (the "City"), is authorized under Chapter 311 of the Texas Tax Code, as amended (the "Act"), to create a tax increment reinvestment zone within its corporate limits; and WHEREAS, the City Council of the City (the "City Council") wishes to hold a public hearing in accordance with Section 311.003 of the Act regarding the establishment of a tax increment reinvestment zone containing approximately 1,123.592 acres of land generally located east of Texas State Highway 5, north of Farm to Market 455, south of County Road 427, west of County Road 511 and being wholly located within the corporate limits of the City (the "Zone"), with the boundaries of the Zone being generally depicted in Exhibit A attached hereto and made a part hereof for all purposes; and WHEREAS, in order to hold a public hearing for the creation of the Zone, notice must be given in a newspaper of general circulation in the City no later than the 7th day before the date of the hearing in accordance with Section 311.003 of the Act; and WHEREAS, the City Council has determined to hold a public hearing on December 9, 2025, on the creation of the Zone. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF ANNA, TEXAS: SECTION 1. That a public hearing is hereby called for December 9, 2025, at 6:00 p.m., in the Council Chambers, at the Anna Municipal Complex, 120 W. 7th St, Anna, Texas 75409, for the purpose of hearing any interested person speak for or against: (i) the inclusion of property within the Zone; (ii) the creation of the Zone; (iii) the boundaries of the Zone; and/or (iv) the concept of tax increment financing.