Loading...
HomeMy WebLinkAboutRes 2021-11-1047 Setting PH for TIRZCITY OF ANNA, TEXAS RESOLUTION NO. A021 - If ~164'7 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 1,345.63 ACRES OF LAND GENERALLY LOCATED ALONG POWELL PARKWAY, SOUTH OF COUNTY ROAD 371, AND NORTH OF FINLEY BOULEVARD, BEING WHOLLY LOCATED WITHIN THE CORPORATE LIMITS AND EXTRATERRITORIAL JURISDICTION 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 "Cif"), 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 1,345.63 acres of land generally located along Powell Parkway, south of County Road 371, and North of Finley Boulevard, and being wholly located within the corporate limits and extraterritorial jurisdiction 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 14, 2021, on the creation of the Zone. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF ANNA, TEXAS: SECTION I. That a public hearing is hereby called for December 14, 2021, at 6:30PM, in the Anna ISD Board Room, located at 201 E. Th Street 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. SECTION 2. That at such time and place the City Council will hear testimony regarding (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 and will provide a reasonable opportunity for the owner of any property within the proposed Zone to protest the inclusion of their property within the Zone. Upon closing the public hearing, the City Council will consider the adoption of an ordinance creating the Zone and other related matters. SECTION 3. That attached hereto as Exhibit B is a form of the Notice of Public Hearing, the form and substance of which is hereby adopted and approved. SECTION 4. That the City Secretary is hereby authorized and directed to cause said notice to be published in substantially the form attached hereto as Exhibit B in a newspaper of general circulation in the City no later than the 7th day before the date of the hearing on December 14, 2021. SECTION 5. That before the December 14, 2021, hearing concerning the Zone, the City shall prepare a preliminary reinvestment zone project and finance plan. SECTION 6. That this resolution shall be in full force and effect from and after its passage and it is accordingly so resolved. DULY RESOLVED by the City Council of the City of Anna, Texas, on the 9th day of November 2021. I III I ill lfl/J� •• • .Nate Pike, Mayor ATTEST: lnlual�'` APPROVED: Carrie Land, City Secretary Clark H. McCoy, Jr., City Attorn Exhibit A — Depiction of the Proposed Zone OVERVIEW MAP: TIRZ 06 DOWNTOWN - 1,345.63 ACRES M TIRZ #0 Anna City Limits Collin County Parcels I Inch equals 0.6 Miles 0 Exhibit B CITY OF ANNA CITY COUNCIL NOTICE OF PUBLIC HEARING ON CREATION OF A REINVESTMENT ZONE THE CITY OF ANNA CITY COUNCIL WILL HOLD A PUBLIC HEARING ON DECEMBER 14, 2021 AT 6:30 PM AT THE ANNA ISD BOARD ROOM LOCATED AT 201 E. 7T" STREET, ANNA, TEXAS 75409, ON THE CREATION OF A REINVESTMENT ZONE AND ITS BENEFITS TO THE CITY OF ANNA AND TO PROVIDE A REASONABLE OPPORTUNITY FOR ANY OWNER OF PROPERTY WITHIN THE PROPOSED ZONE TO PROTEST THE INCLUSION OF THEIR PROPERTY WITHIN THE PROPOSED ZONE, WHICH PROPOSED REINVESTMENT ZONE CONTAINS APPROXIMATELY 1,345.63 ACRES OF LAND GENERALLY LOCATED ALONG POWELL PARKWAY, SOUTH OF COUNTY ROAD 371, AND NORTH OF FINLEY BOULEVARD, AND BEING WHOLLY LOCATED WITHIN THE CORPORATE LIMITS AND EXTRA TERRITORIAL JURISDICTION OF THE CITY OF ANNA, TEXAS. A MAP DEPICTING THE BOUNDARIES OF THE PROPOSED REINVESTMENT ZONE IS AVAILABLE IN THE OFFICE OF THE CITY SECRETARY AT 111 N POWELL PARKWAY, ANNA, TEXAS 75409, AND IS AVAILABLE FOR PUBLIC INSPECTION. ATTHE PUBLIC HEARING, ANY INTERESTED PERSON MAY SPEAK FOR OR AGAINSTTHE INCLUSION OF PROPERTY WITHIN THE PROPOSED REINVESTMENT ZONE, THE CREATION OF THE PROPOSED REINVESTMENT ZONE, ITS BOUNDARIES AND/OR THE CONCEPT OF TAX INCREMENT FINANCING. FOLLOWING THE PUBLIC HEARING, THE CITY COUNCIL WILL CONSIDER ADOPTION OF AN ORDINANCE CREATING THE REINVESTMENT ZONE AND OTHER RELATED MATTERS.