Consider and take action on Ordinance 17-32, amending “Texas City Gulf Coast Reinvestment Zone No. 1” to more particularly define its boundaries by legal description for commercial-industrial tax abatement purposes and making certain findings of fact in accordance with Texas Tax Code Section 312.201. (Management Services)

In May of this year, the City of Texas City established a Tax Reinvestment Zone in the area that included Eastman Chemical and a portion of its dock.  This amendment utilizes a metes and bounds description that more clearly identifies the boundaries of the zone than the map depiction utilized originally.  See the attachments.