The Murphy Economic Development Corporation (Type A) and the sales tax for the promotion and development of new and expanded business enterprises at the rate of one-half of one percent is abolished and, concurrently, the creation of the City of Murphy Municipal Development District with the imposition of a sales and use tax at the rate of one-half of one percent for the purpose of financing development projects beneficial to the district is authorized.
Editor’s note–Ordinance 11-11-899 adopted November 15, 2011, certified the results of the November 8, 2011 special election and abolished the Murphy Economic Development Corporation. Prior to the special election, the Murphy Economic Development Corporation was authorized by Ordinance 03-06-578 adopted June 16, 2003, codified as section 37.31 of the 1993 Code and section 74-71 of the 2006 Code.
(Ordinance 11-11-899, sec. 4, adopted 11/15/11)
(a) 
The facts and matters set forth in the preamble of Ordinance No. 03-06-579 are hereby found to be true and correct.
(b) 
There is hereby levied by the city a sales and use tax of 0.5 percent within the city in accordance with and pursuant to V.T.C.A., Local Government Code, chapter 505, as amended (the “Act”) for the benefit of a city industrial development corporation to be used to pay the costs of projects, as now or hereafter defined in V.T.C.A., Local Government Code, chapter 505, including, but not limited to:
(1) 
Projects suitable for use for professional and amateur (including children’s) sports, athletic, entertainment, tourist, convention, and public park purposes and events, including stadiums, ballparks, auditoriums, amphitheaters, concert halls, learning centers, parks and park facilities, open space improvements, municipal buildings, museums, exhibition facilities, related store, restaurant concession, and automobile parking facilities, related area transportation facilities and related roads, streets, and water and sewer facilities; or
(2) 
Projects to promote or develop new or expanded business enterprises, including public safety facilities, streets and roads, drainage, and related improvements, demolition of existing structures, general municipally owned improvements, as well as any related improvements or facilities and any project determined by the board of directors of the corporation to promote or develop new or expanded business enterprises; and to pay maintenance and operating costs of publicly owned and operated projects purchased or constructed under said V.T.C.A., Local Government Code, chapter 505.
(c) 
The city hereby authorizes the creation of the city’s industrial development corporation to be known as the “City of Murphy Community Development Corporation,” in accordance with the Act and the authorization given by the voters at the May 3, 2003, election.
(d) 
The city manager and the city secretary are hereby authorized to assist and cooperate with the office of the comptroller of the state in the implementation of this section and the levy and collection of such sales and use tax.
(e) 
The city secretary is authorized and directed to forward a certified copy of this section to the comptroller of the state.
(f) 
It is hereby found and determined that the meeting at which this ordinance was considered was open to the public, as required by the Texas Open Meetings Act, and that the notice of meeting relating to the regular meeting of the city council at which this ordinance was considered and the posting thereof was proper, and said notice and posting are hereby authorized, approved, resolved, ratified, and confirmed.
(1993 Code, sec. 37.32; 2006 Code, sec. 74-72; Ordinance 03-06-579 adopted 6/16/03)