HomeMy WebLinkAboutResolution 2984A Resolution
No.
DESIGNATION OF RIVERSIDE AREA AS A
NEIGHBORHOOD EMPOWERMENT ZONE
WHEREAS, on Apri125 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 Riverside Neighborhood Empowerment
Zone ("Riverside 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 m 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 Riverside NEZ benefits and is for the
public purpose of increasing public health, safety and welfare, and
WHEREAS, the City Council finds that the Riverside 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 Riverside 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 Riverside NEZ.
Section 4. The~pdesignation shall expire on August 18, 2013
Adopted this i f~day of ~ Lf , 2003 ~~~~~~/~p
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Cz4y of Fart WortR, Texas
City~`Secretary
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