HomeMy WebLinkAboutResolution 3030
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A R~~ luti n
No.
DESIGNATION OF BERRY/iJNIVERSITY AREA AS A
NEIGHBORHOOD EMPOWERMENT ZONE
WHEREAS, on April 25 2000 the City of Fort Worth City Council ("Council") approved a Policy
Statement on the Creation of Local Neighborhood Empowerment Zones, and
WHEREAS, on October 3 2000 the City Council approved the criteria to determining whether an
area would be eligible to be designated as a Neighborhood Empowerment Zone, and
WHEREAS, the City Council finds that the creation of the Berry/University Neighborhood
Empowerment Zone ("Berry/i.Jniversity NEZ") would promote (1) the creation or rehabilitation of affordable
housing in the zone, or (2) an increase in economic development in the zone, or (3) an increase in the quality
of social services, education or public safety provided to the residents of the zone; and
WHEREAS, the City Council finds that the creation of the Berry/LJmversrty NEZ benefits and is for
the public purpose of increasing public health, safety and welfare, and
WHEREAS, the City Council finds that the Berry/University NEZ satisfies the requirements of
§312.202 of the Tax Code.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF FORT
WORTH, TEXAS THAT
Section 1. The facts and recitations contained in the preamble of this Resolution are hereby found and
declared to be true and correct.
Section 2. The Berry/IJNiversity NEZ is hereby created as defined by the legal description and map attached
as Exhibit A.
Section 3. The City Council adopts all basic incentives as described in the Neighborhood Empowerment
Zone Basic Incentives (M&C C 19551 & G 13984) and as amended for the Berry/University NEZ.
Section 4. The designation shall expire on January 5 2014
Adopted this day of~`~ , 2004
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JAN 6 2004
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