HomeMy WebLinkAboutContract 30625-A1 �a
dOWRAW T NOV,,
AMENDMENT NO. I To
AGREEMENT IE'NT T PARTICIPATE I
TAB INCREMENT REINVESTMENT E T Zo NE NUMBER TEN.)
CITY of FORT WORTH,TEXAS
This AMENDMENT NO., I To AGREEMENT To PARTICIPATE IN TAX
INCREMENT' REINVESTMENT ZONE NUMBER TEN, CITY of FORT WORTH,
TEXAS "Amend men t") is entered into by and between the CITY OF' FORT WORTH,
TEXAS (the "C''lt ") and TAR ANT COUNTY, TEXAS ("Taxing nit").
The City and Taxing Unit hereby agree that the following statements are true and correct
and constitute the basis upon which the City and Taxing Unit have entered into this ,Amendment:
A. on June 15, 2004, the City Council of the City adopted Ordinance No. 16002
designating certain real property in the northern area of the City has Tai. Increment Reinvestment
?one Number Ten, City of Fort. worth, Texas (the "Original TIF"). ordinance No. 1 0002 is
incorporated :herein by reference for all purposes.
B'. on or about September 30, 2004, the City and Taxing Unit entered into an
agreement under which. Taxing Unit agreed to deposit into the TIF' District's Tai Increment Fund
the following, amounts in the following years: (i) from 2005 (Tai Increment levied and collected
for the 2004 tax years through 2009 (Tax Increment levied and collected for the 00!8 tax year),
eighty percent 0%) of the Taxing Unit's Tax Increment; (ii) from 2010 Tax Increment levied
and collected for the 2009 tax year) through 20 14 Tax Increment levied and collected for the
2013 tax year), seventy percent 701% of the Taxing Unit's Tax Increment; (iii) from 201 (Tax
Increment levied and collected for the 2014 tax year) and each year for the remainder of the term.
of the TIF District, fifty percent (50%) of the Taxing, Unit's Tax Increment ("Participation
Agreement"), as specified provided in that Participation .Agreement. The Participation
Agreement is a public document on file in the City Secretary's office as City Secretary Contract
No. �o6d .
C, on December 9�, 20o 8) the City Council of the City adopted ordinance No.
18397-12-2008 expanding the original T'IF to include additional real property in the north east
area of the City contiguous to that comprising the original TIF (the ``Expanded TIF").
Ordinance No. 18397-12,-2008 is attached hereto as Exhibit"A".
D, After hearing a presentation by the City regarding the tentative plans for the
development or redevelopment of the Expanded TIF and an estimate of the general impact of the
Expanded TIF on property values and tax revenues, Taxing Unit voted to contribute the same
percentage as described per Section III of the Participation Agreement of the Taxing Unit's Tax
Increment from property in the Expanded TIF into the Tax. Increment Fund, which intent the
parties hereto wish to reduce in writing through this Amendment.
City �t f onsderatlo of the terms
NOW THEREFORE, the Chit and T n Ian ,
�., x:
and conditions set forth herein, do hereby contr �
ee as follows:
Amendment +Clots, S a,L;miL
No. I to Tarrant 'cunt , Teas WORTHsTX RECEIVED JUL,Participation Agreement re. Lone� star TIF FTs
Page I
I1 Effective as of the later date below, the following terms provided in Section 2 of the
Participation Agreement are hereby amended to be defined as follows:
"TIT District" shall mean Tax Increment Reinvestment Zone Number Ten, City of Fort
Worth, Texas, designated by City Ordinance No. 16002 on June 15, 2004 and expanded
by City Ordinance No. 18397-12-2008 on December 9, 2008, which Ordinances are
hereby made a part of this Agreement for all purposes.
"Tax Increment Base"' shall mean (i) the total appraised value of all real property
taxable by Taxing Unit and located in the Original TIFOD January 1, 2004 and (11") the
total appraised value of all real property taxable by Taxing Unit and located in the
Expanded TIF on January 1, 2008.
2. All other terms set forth in Section I of the Participation Agreement and their respective
definitions, as well as all other provisions and conditions of the Participation Agreement, shall
remain in full force and effect.
3. Capitalized terms, used but not identified in this Agreement shall have the same meanings
assigned to them in the Participation Agreement.
4, This Amendment contains the final written expression of the City and Taxing Unit with
respect to the subject matter hereof This Amendment may be executed in multiple counterparts,
each of which shall be considered an original, but all of which shall constitute one instrument.
EXECUTED as of the later date below:
CITY OF FORT WORTH, TEXAS,., TARRANT COUNTY, TEXAS:
By: By& 1A
B. Glen Whitley,
Assistant City Manager County Judge
0
t
Date: Date t5 list
Jc
ATTES *00, ATTEST:
OID'00()o
B y: Y:
city Beare Yqr/ eputy County Clerk
oi:nvu PEcoffl)
VAR
Amendment No. 1 to Tarrant County, Texas CITY SECRETARY
Participation Agreement re: one Star TIF FT.VVORT H,TX
Page 2
APPROVED AS TO, FORM /LEGALITY.- APPROVED FO
By-v By*- oe- Ile
Lee
-----------
Assist At City Attiomey �Xssi(t At Distn*et Attorney
left
COURT ORDER NO:
M&C-0
F
By law, the District A I for ney's Office inay only advise or approve contracts or legal documents on behalf of its clients. It may
not advise or approve a contract or,legaldocunient on behaffqf'otherpar lie s. Our vievv qI'lhis document was conducted solely
from the legalperspective of our client. Our approval of this document was qf
,Predsole�'vfior the benefit of our client. Other
parties should not rely on this approval and.should seek revieiv atid approval b);their mvii respective attorney(s).
Amendment No. I to Tarrant County, Texas
Participation Agreement re.*, Lone Star TIF
Page 3
0-'11"1
RDINANCE,NO., 18397-12-2008
AN ORDINANCE ENLARGING THE BOUNDARIES OF TAX
INCREMENT REINVESTMENT ZONE NUMBER TEN, CITY OF FORT
WORTH, TEXAS; AND CONTAINING OTHER MATTERSI RELATED
TO THE ZONE.
WHEREAS, pursuant to Ordinance No. 16002, adopted by the City Council of the City
of Fort Worth, Texas (the "City") on June 15, 20004, the City created Tax Increment
Reinvestment Zone Number Ten,City of Fort Worth, Texas(the"Zone"); and
WHEREAS, Section 311.007(a) of the Texas Tax Code (the "Co de"")l, subject to certain
provisions of Section 311.006 of the Code (,If applicable), allows the City Council to enlarge the
boundaries of an existing reinvestment zone by ordinance;and
WHEREAS, Section 31 1.006 of the Code allows a municipality to enlarge the
boundaries of an existing reinvestment zone pursuant to Section 31 1. 7(a), of the Code so long
as (i) no more than ten percent (10%) of the property to be added to the zone, excluding property
that is dedicated for public use, is used for residential purposes, as defined in Section 311.006(d)
of the Code; (ii) the amended boundaries, of the reinvestment zone will not contain more than
fifteen percent (11 5%) of the total appraised value of taxa le real property in the municipality and
in the industrial districts created by the municipality; and (iii) the amended boundaries of the
reinvestment zone will not contain more than fifteen percent (15%) of the total appraised value
of the real property taxable by a county or school district; and
WHEREAS, tbe Zone currently surrounds approximately 164 acres of underdevel ped
land that was located in the City's, extraterritorial jurisdiction at the time the Zone was originally
designated, which property is described and depicted in Exhibit"All, attached hereto and hereby
0 A -
made,a part of`this Ordinance for all purposes, (co�llectively, the" Expan$10n Area and
Page I
Ordinance Enlarging Tax Increment Reinvestment one Number Ten,
"it v of Fotl Worth,Texas
0,
AVV HEREAS, pursuant to Section 4.3 of that certain Master Economic Development
Agreement by and among the City; Tarrant County, Texas; the Lone Star Local Govermment
Corporation; mid Cabe la's Retail, Inc. (City Secretary Contract No. 30651 , the City agreed to
create the Zone, to use best efforts to annex the Expansion Area into the City and, following such
annexation, to add the Expansion Area to the Zone,- and
WHEREAS, the property comprising the Expansion Area has been annexed into the City
and, accordingly, the City Council now wishes to expand the Zone to include the Expansion
Area and
WHEREAS, on December 9, 2008 the City Council held a public hearing regarding the
enlargement of the Zone and its benefits to the City and to property in the Zone and afforded a
reasonable opportunity for all interested persons to speak for or against nst the addition of' the
Expansion Area into the Zone- and
WHEREAS, notice of the public hearing was published in a newspaper of general
circulation in the City on November 29, 2008, a date not later than seven (7'), days prior to the
date of the public hearing; and
WHEREAS, prior to the public hearing the City provided written notice to all taxing
units levying real property taxes within the Zone of the City's intent-ion to add the property
within the Expansion Area into the Zone and of the public bearing.
NOW, THEREFORE, BE, IT ORDAINED BY THE CITY COUNCIL OF THE
CITY OF FORT WORTH,TEXAS:
Page 2
Ordinance Enlarging Tax hicremeni Reinvestment Zone Number Ten,
City of Fort Worth, Texas
section 1.
FINDINGS,
That after reviewing all information before it regarding the enlargement of the Zone and
after conducting a public hearing regarding the enlargement of the Zone and its benefits, to the
Cit I
,y and to property 'n the Zone and affording a reasonable opportunity for all interested persons
to speak for or against the enlargement of the Zone, the City Council hereby makes,the following
findings of fact.-
1.1, The statements and facts set forth in the recitals of this Ordinance are true and correct.
1.2. The City's Comprehensive Plan recommends that the western portion of tic Zone and
areas west be developed as an industrial growth center (Alliance) and the eastern portion
of the Zone and areas to the east be developed as a regional mixed-use growth center
(Alliance Gateway West). Given the strategic, location of the Zone and the Expansion
Area (which currently is, surrounded by the Zone), the City Council needs to ensure that
development in this area c,onforms to that recommended by the Comprehensive Plan.
The Comprehensive Plan states that a regional mixed-use, growth center needs to have
three of the following five cn*ten'a.- (i) high employment concentration; (ii), higb
concentration of' residents; (iii) one or more major transportation facilities, such as
highways and arten'al roadways; (iv) major institutions, such as a government facility-
and (v) major toun*st allractions attracting at least 100,000 visitors per year. If the
Expansion Area is not included within the Zone and, accordingly, does not receive the
potential benefits of development afforded by means, the Zone's project plan that will
Pic 3
Ordinance Enlarging'Tax Increment Reinvestment Zone NUniber Ten,
City of Fort W on h,Texas
govern development within the Expansion Area, there is a risk that the Expansion, Area
will not develop in the sound manner recommended by the Comprehensive Plan.
1.3. The Expansion Area is predominantly open and is located between the central city area of
th I e City and Fort Worth Alliance Airport, a corridor of the City that is likely to become
increasingly vital to the City's future development and economic well-being. However,
like the property comprising the on*gfinal boundaries of the Zone, the Expansion Area,
together with the property comprising the original boundaries of the TIF, lacks adequate
infrastructure and methods of ingress and egress, and attempts at private development in
the area without public incentives and Zone designation have not been successful. Based
on these facts, development within the Expansion Area will not occur solely through
private investment in the reasonably foreseeable future. Because of these and other
factors presented to and known by the City Council, the Expansion Area, substantially
impairs and arrests the sound growth of the City. The Expansion Area therefore, meets
the criteria for designation of a reinvestment zone pursuant to Section 311.005(a) of the
Code and, as a result, is eligible to be added as part olf the Zone.
1.4. Property in the Zone, as expanded to include the Expansion Area, will be contiguous.
1.5. Improvements in the Zone, including the Expansion Area, as specifically outlined in the
project plan adopted by,the Zone"s board of directors, will significantly enhance the value
of all the taxable real propertv in the Zone, including the Expansion Area, and will be of
general benefit to the City.
1.6. '17 he Expansion Area does not include property more than ten percent ('10%) of which,
excluding property dedicated to public use, i's used for residenti�d purposes, as defined in
Section 311.006(d) of the Code.
Pay,c 4
Ordinance Enlarging Tax Int-Temeril Reinvestment Zone Number Ten,
City of I"ort Worth,Texas
...................
1.7- The Expansion Area does not include more than fifteen percent (15%) of the total
appraised value of taxable real property in the City and in the industrial districts created
by the City.
1.8. With the addition of the property compri'sing the Expansion Area, the Zone will not
contain more than fifteen percent (15%,) of the total appraised value of real property
taxable by any COU11ty Or school district.
Section 2.
DESIGNATION OF EXPANSION AREA FOR INCLUSION IN ZONE.
That the City Council hereby enlarges the 'boundaries of the Zone by adding the
Expansion Area, specifically described in Exhibit "A". The Zone, as enlarged, will thus contain
all of the property specifically described and depicted in Exhibit "B". The Zone, as enlarged, has
been designated under Section 311.01015(a)(2) of the Code and will continue to be known. as "Tax
Increment Reinvestment Zone Number Ten, City of Fort Worth, Texas."'
Section 3.1
ZONE BOARD OF DIRECTORS,
That the board of directors for the Zone will remain unchanged and shall continue to
conform to the requirements of Section 311.009 of the Code.
Page 5
Ordinance Enlarging Tax Increment Reinvestment Zone Number Ten,
City "Fort Worth.Texas,
Section 4.
TERM OF ZOlNE.
That the addition of the propeTly cornpil'sing the Expansion Area into Zone shall take
effect upon the adoption of this Ordinance. The Zone, as enlarged, shall terininate in, accordance
with Section 4 of Ordinance No. 16002.
Section 5.
DETERMINATION OF'TAX INCREMENT BASED
That the tax increment base, as defined by Section. 311.0112(c) of the Code, for the
Expansion Area shall be the total appraised value of the Expansion Area taxable by a taxing unit
for the year 2008, which is the year in which the Expansion Area was added to the Zone. The
tax increment base for the property located within the boundaries of the Zone prior to the
adoption of this Ordinance shall remain unchanged.
Section 6.
TAX INCREMENT FUND.
That the Tax Increment Fund created and established for the Zone pursuant to Section 6
of Ordinance No. 16002 (,the "'T IF Fund"') shall include the percentage of any tax increment (as
defined, by Section 311.0112(a) of the Code) produced by property in the Expansion Area that (1)
the City dedicates to the TIF Fund pursuant to and in accordance with Ordinance No. 160!02 and
Chapter 311 of the Code and (ii) each taxing unit which levies real property taxes on property
located within the Expansion Area elects to dedicate to the Tip Fund under a participation
agreement with the City, as authorized by Section 311.013(t) of the Code.
Page 6
Or Enlarging Tax Increment Reinvcsuneni Zone Nurnher Ten,
City of Fort Worth,Texas
Section 7.
TAX INCREMENT AGREEMENTS,
That. pursuant to Sections 311.008 and 311.013 of the Code, the City Manager and City
Attorney are hereby authorized to execute and deliver, for and on behalf of the City, amendments,
to participation agreements with taxing units that levy real property taxes on property within the
Expansion Area pursuant to which such taxing units agree to deposit tax increment generated by
such property into the tax increment fund of the Zone.
Section 8.
SEVERABILI'TY,
That if any portion, Section or part of a section of this Ordinance is subsequently declared
invalid, inoperative or void for any reason by a court of competent jurisdiction, the remaining
portions, sections or parts of sectio�ns of this Ordinance shall be and remain in full force and
effect and shall not in any way be impaired or affected by such decision, opinion or judgment.
Section 9.
EFFECTIVENESS.
That this Ordinance shall take effect and be in full force and effect from and after its
adoption.
AND IT IS SO ORDAINED.
ADOPTED AND EFFECTIVE.- December 19:. X008
Page 7
Ordinance Enlarging Tax Increment Reinvestment Zone Number Ten,
City;4 Foti Wot1h,Tcxas
APPROVED AS TO FORM AND LEGALITY.-
By
r
1
Peter V ky
Assistant City Attorney
Page
Ordinance Enlarging Tax I rICTOnent Reinvestment Zone Number Ten,
City of Fort Worth,'Texas
EXHIBIT "A"'
LEGAL DESCRIPTION AND MAP
,OF THE EX PANS ION AREA
BEING a tract ofland situated in the H. Creed Survey, Abstract Number 189:8, and the
M.E.P. & P. RR. Survey, Abstract Number 1143, Tarrant County,Texas and being more
particularly described,by metes and bounds as follows.-
COMMENCING at the southwest corner of Lot 2, Block 1, Alliance Gateway West
Addition,as recorded in Cabinet A, Slide 5 17, Plat Records, Tarrant County,Texas,
said point being in the existing east right-of-way line of Interstate Highway 35W.
THENCE N O 012'16"E 1 1 52.52. feet a]on g the casterl y right-o f-w a y I i ne of said Interstate
Highway 35W to the beginning of a curve to the n'ght;
THENCE continuing along the easterly right-of-way line of said Interstate Highway 35W
and with said curve to the right, through a central angle of 02'40'04", having a radius of
4563.66 feet, the long chord of which bears N 01'36'3 "E, 212.47 feet, an arc distance of
212.49: feet;
THENCE,N 01'012'30"E) 1235.75 feet continuing along the easterly n*ght-of-way line of
,said Interstate Highway 35W and across State Highway 17'0, again along the easterly
nght-of-way line of said Interstate Highway 35W to the beginning of a curve to the right-,
THENCE continuing along the easterly right-of-way line of said Interstate Highway 35W
and with said curve to the right, through a central angle of 02'04'52", having a radius,of
1154 .73 feet, the long chord of which bears, N 00'46'13"W, 419.14 feet,, an are distance
of 419.16 feet,-,
THENCE N 01048'25"W. 133.37 feet continuing along the easterly rl'glit-of-way line of
said Interstate Highway 35W;
THENCE N 88"07'58"E, 6.25 feet continuing along the easterly right-of-way line of said
Interstate Highway 35W',
4
THENCE N 010362211W 1 11 99.97 feet continuing along the easterly right-of-way line of
said Interstate Highway 35W to the beginning of a.curve to the right;
THENCE continuing along the easterly right-of-way line of said Interstate Highway 3�5W
and with said cur le to the right, through a central angle of 0202433"', having a radius of
9816.25 feet, the long chord of which bears N 00'40'09"W, 412.74 feet, an arc distance of
412.77 feet,
THENCE N 00"15' ° "E, 180.44 feet continuing along the easterly rl'ght-of-way line of
said Interstate Highway 35W,
'THENCE N 05009'38"W, 55.38 feet continuing along the easterly right-of-way line of
s
al Inste y 5
'd terat Highwa 3W-
9
THENCE N 00016'30"E, 223.28 feet continuing,along,the easterly right-of-way line of
said Interstate Highway 3 5 W to the beginning of a cu re to the right-,
THENCE continuing along the easterly right-of-way line of said Interstate Highway 3 5 W
and with said curve to the right, through a central angle of 009'00'37", having a radius of
6541.97 feet, the long chord of which bears N 05'07'30"E, 1027.73 feet, an arc distance
of 1028.79 feed
THENCE N 09055'51"E, 134.93 feet continuing along the easterly right-of-way line of
said Interstate Highway 35W.
THENCE N I0`29'25"E., 62,2.83 feet continuing along the easterly right-of-way line of
s id Interstate Highway 35W;
,al I
THENCE N' l I'D'I 459"El 930.32 feet continuing,along the easterly right-of-way line of
said Interstate Highway 35W;
THENCE N 1 701 3''22" . 1 86.31 feet across, Keller-Haslet Road (County Road 4042),
returning to the easterly right-of-way line of said Interstate Highway 35W;
It
THENCE N I I 1 4'55'"E, 884.13 feet continuing along the easterly right-of-way line of
id. Interstate Highway 35W;
Sal I
THENCE N 12"58'01'"E, 232.01 feet continuing along the easterly right-of-way line of
said Interstate Highway 35W,-
THENCE N 12'058'01"E, 96.22 feet continuing along the easterly right-of-way line of
said Interstate Highway 35W:
TH EN C E N I 101 '55"E.) 13 1.2 3 feet conti n ul n,g along the caster]y ri gbt-o f-way lire o f
said Interstate Highway 35W.
THENCE N 08027'37"E, 162.97 feet continuing along the easterly n'ght-of-way line of
said Interstate Highway 35W;
THENCE S 88028'58"El, 2890.60 feet to Old Denton Road,
THENCE S "35" 1:"W, 1485.,20 feet along Old Denton Road to feller Ha iet Road and
the PANT OF BEGMNING.
THENCE S 89054'46"W. 26,37.53 feet along said Keller-Haslet Road,
...........
THENCE,S 00"I 2'58"Ej 207.77feet5-
THENCE S 1303 1'06'vw 1) 490.39 feet-,
THENCE S 09`58'06"W, 368.01 feet to the east line of that certain tract of land desen'bed
by deed to Al L Investment, L.P., Volume 13130!, Page 2.4 w, Deed Records, Tarrant
County,Texas;
THENCE S 00"03'1 0"W, 1268.601 feet along said east line 'to the southeast corner of said
Alt tract, and also a,point in the north line of that certain tract of land described by deed
to Hi'llwood/Free way Ltd, as recorded in Volume 9,527, page 1011- Deed Records,
Tarrant County, Texas now known as AIL Investment, L.P.;
THENCE S 00055'5711E, 366.82, feet along the north line of said Hillwood tract,
'THENCE N 89'044'38"Ei 1666.17 feet continuing along the north line of said Hillwood
tract to Old Denton Road-,
THENCE N 00'016'12"E 2075.32 feet along Old Denton Road;
THENCE N 15053'570"E, 120.79 feet continuing along said Old Denton Roa&,
THENCE N 25029'11"E, 204.78 feet continuing along said Old Denton Road-
THENCE N 14'036'1 4"'El 114.86 feet continuing along said Old Denton Road.,-
THENCE N 0 19 1'40"E, 165.67 feet continuing along said Old Denton Road to the
aforementioned Keller-Haslet Road;
THENCE S, 89'043'1 6"W, 20.46 feet along said Keller Haslet Roa&
I
THENCE N 00'035'41"E., 21-50 feet to the POINT OF BEGINNING and containing 1614
acres of land more or less.
NOTE.-, THIS DOCUMENT WAS PREPARED, UNDER 22 TAC S663.21, AND
DOES NOTREFLECT THE RESULTS, OF AN ON THE GROUND SURVEY,
AND IS NOT TO BE USED TO CONVEY OR ESTABLISH INTERESTS IN REAL
PROPERTY, EXCEPT' THOSE RIGHTS AND INTERESTS IMPLIED OR
ESTABLISHED BY THE CREATION OR REC N FIGURATION OF THE
BOUNDARY OF THE POLITICAL SUBDIVISION FOR WHICH IT WAS
PREPARED.
d o
ALLEN
LU <
UJ.o R
CIL
ui
Ui '.',
L
''n R z 6vW A
UL-
u °�
�� '�*w ,��' �.�....°.u-•....�i il;.,,..�..—^"mow ..�
fp3l i
A � � �' "IAF �1
"B.
w X
w
d a " '0
' r ,
r�
r
,.ww
M
'01 vi
CJ
UJ 0�— a
ui
uj {
M
cu CL S �30 O � � a
w
{
Z ry
1pk
0�
N r
u
C
� f
w
�,.
.y m
..� ui z ------
0
"..��
'v Mgt-,H I __....
E U.
0
NOV&VH
CU
EXHIB IT 44891
LEGAL DESCRIPTION AND ?*IAP
of THE ZONE FOLLOWING EXPANSION
BEING a tract of land situated in the J. Ashford Survey, AbstTact Number 1776, the H.,
Cox Survey,Abstract Number 386, the H. Creed Survey, Abstract Number 18,98, the 1.
Niece Survey, Abstract Number 1160, the A. C. Warren Survey, Abstract. Number 1687',
the W. Houston Survey, Abstract Number 746, the M.E.P. & P'. RR. Survey, Abstract
Number 1143,the T. G. Willis Survey, Abstract Number 1682,the S. T. Rhodes Survey,
Abstract Number 1868, the G. W., Parker Survey, Abstract Number 1251, and the J.
McDonald Survey, Abstract Number 11'06, Tarrant County, Texas and being more
particularly d�esen'be,d by metes and bounds as follows.-
BEGINNING at the southwest comer of Lot 2, Block 1, Alliance Gateway West
Addition, as recorded in Cabinet A, Slide 5817, Plat Records, Tarrant County, Texas,
said point being in the existing cast right-of-way line of Interstate Highway 35W;
THENCE N 00°12'16" , 152.52 feet along the easterly n*ght-of-way line of said Interstate
Highway 35W to the beginning of a curve to the right-,
THENCE continuing along the easterly right-of-way line of said Interstate Highway 3 5 W
V
and with said curve to the right, through a central angle of 02'40'0:4", having a radius of
4563.66 feet,the long chord of which bears N 01'36'33"E, 21 x`.47 feet,an are distance of
212.49 feet-,
THENCE N 01`"1 2'30"E5 1235.75 feet continuing along the easterly right-of-way line of
said Interstate Highway 35W and across State Highway 170, again, along the easterly
al I
right-of-way fine of said Interstate Highway 35W to the begq*nning of a curve to the right-,
THENCE continuing along the easterly right-of-way line of said Interstate Highway 35W
and with said curve to the right, through a central angle of 02'04'52", having a radius of
115 40.73 feet,the long chord of which bears N 00'46'13"W, 419.14 feet, an are distance
of 41 .1 feet,
THENCE N 01048125"W4 133.37 feet coiifinuin,g,along the easterly right-of-way line of
said Interstate filghway 35W-
THENCE N 88007"58"E, 6.25 feet continuing along the easterly dght-of-way line of said
Interstate Highway 35W;
THENCE N 01"36'22"Wl) 199.97 feet continuing along the easterly right-of-way line of
s id. Interstate Highway 35W to the beginning of a curve to the right;
al I
THENCE continuing along the easterly rigbt-of-m�ay' line of said Interstate Highway 35W
and, with said cume to the night. through a certral anglI le of 02'2433", having a radlus of
'90816.25 feet,the long chord of'which bears N 00'40'09"W, 412.74 feet, an are distance of
412.77 feet,
"E, 180.44 feet confinu'n
'THENCE N OCP1547 i i g along the easterly ri'ght-of-way I'ne of
said Interstate Highway 3 5,W
THENCE N.. , x' '38" , 55.38 feet continuing along the easterly right-of-way line of
said Interstate Highway 35W,;
THENCE N 0001630"E, ?"3.28' feet continuing along the easterly right-of-way line of
said Interstate Highway 35W to the beginning of a curve to the right,
THENCE continuing along the easterly righ,t-of-way line of said Interstate Highway 3 5W
and with said curve to the right, through a central angle of 009'00'37",having a radius of'
6541.97 feet,the long chord of which bears N 0:5'07'30"E, 1027.73 feet, an are distance
of 1028.79 feet,
THENCE N 0905 '51"El 134.93 feet continuing along the easterly"right-of-way line of
skid Interstate Highway 35W3
THENCE N I W29'2511E, 622-83 feet continuing along the easterly n'ght-of-way line of
said Interstate Highway 35W;
THENCE N I 1'014'59"E, 930-32 feet continuing along the easterly right-of-way line of
said Interstate Highway
al 4)
THENCE N 1701 322"El 186.31 feet across Keller Haslet Road (County Road 4042),
returning,to the easterly nght-of-way line of said Interstate Highway 35W;
THENCE N I 1`14'55"E9 884.13 feet continuing along the easterly right-of-way line of
wa
aid Interstate Highy 35W;
s I
THENCE N 12 20-58t0l"El 232.01 feet continuing along the easterly n*ght-of-way line of
id Intel-state Highway 35W;
said 1 11
THENCE N 12"58'0 1"E. 96.20'062 feet continuing along the easterly right-of-w,ay line of
id Interstate Highway 35W.-
sal I
THENCE N I 1014'55"Ej 131.,23 feet continuing along the easterly right-of-way line of
said Interstate Highway 35W.1
THENCE N 08027"37"El 162.97 feet continuing along the easterly n*ght-of-way line of
id Interstate Highway 35W;
said I
THENCE S 88`28'58"Ej .2..890.60 feet,
w w
lop
�M
I,
,
s
� I
sw
`w ,
ROMP
I
r
ESTABLISHED BY THE CREATION OR RECONFIGURAT'ION OF THE,
BOUNDARY' OF THE POLITICAL, SUBDIVISION FOR WHICH IT WAS
PREPARED.
o
801w) uj
A
rn
ui
(D 0
ol o
() omuQJb39 co Z ui
z
z LLJ
<
,.. C)
0 <
w
lei Hov&-1'33X3
d013010118
oo,
LU
%
>
w
w Y p
Lu
0 CD
< i N
C) L)
0, 0
CL ac)
..........
E. "W" V;LIS,JA V1 IV
A llq
04"; 'V,
0
z
CQ 5,
UJ__< I. .....
<
10, I, r!/ /�Jl lr Jjl ���/i �1%f�r J T/�J�a/rrYxr%9// /� x � I ....- .., ��
Lu UJ
Q
ov'Y iY
'em
V
C.)
<
S"
4
U.
30,
IN
Lu
0
HbNV8VS083GNOd '� /nw r r�� ���f /r%r�6�rf���rhlr%✓��IV y/ /% /6/r of ° 1 Y
CL
PO
"""i, "j, UN� OOK
'A" 1�
MOR
co? ^..�.._�-�..�w
...........
0QlN3)qb
r
o vj 0
LU
NOiNDO OM',
1/1,dl",,"
i lt fd r
l Ci
wo
4, �40
W,
qgll
4
IN
Eivp
W
............
>
-NON-:-
z
0,
N 0 ON
0-
0
UJI
U
lot,
y
stsal 41.1
N0048VH
x
m
c ity of Fort Worth, Texas
-4 a a .d 0
Mayor anId Council Co 111unication
COUNCIL ACTION, Approved on 12/912008 ,- Ord, No, 18397m12-2008
-A 4*,-"(--A
DATE.- Tuesday,, December 09,, 2008
LOG NAME: 1'7L ONE STAR IF REFERENCE N G,,16389
T41
�.UBjECT41
Public learingi and Ordinance Expanding the Boundary of Tax Increment Reinvestment Zone
Number Ten, City of Fort Worth, Texas (Lone Star TIF)
RECOMMENDATION,
It is recommended that the City Council.-
1. Hold a public hearing to expand the boundary of Tax Increment Reinvestment, Zone Number Ten, City of
Fort Worth, Texas,- and
2. Adopt the attached Ordinance which increases the boundary of Tax Increment Reinvestment Zone
Number 'Ten, City of Fort Worth, Texas,, pursuant to Tax Increment Financing Act, Texas Tax Code,
Chapter 311 and contains specifi c fi ndings of fact in support thereof.
DISCUSSION:
On June 1151 2004, the City Council adopted Ordinance No. 16002 which designated Tax Increment
Reinvestment Zone Number Ten, City of Fort Worth, Texas (the Lone Star TIF). The TIF was created in
accordance with a Master Economic Development Agreement between the City; Tarrant County; the Lone
Star Local' Government Corporation; and Cabelal,s Retail, Inc. (City Secretary Contract No. 30,651). At the
time, 164 acres of underdevellopeld property in the City's extraterritorial jurisdiction was located in the middle
of the TIF and was ineligible for inclusion in the TIF because it was not located in the City's boundaries.
Under the Master Economic Development Agreement, the City agreed! to use its best efforts to, annex this
land and then add it as part of the Lone Star TIF. That land has now been annexed. As a result, it is
recommended that it be added to the Lone Star TIF at this time.
This public hearing is required by the Texas Tax Code, Chapter 311 (the Code). Notice, of this hearing was
(1) delivered to the governing body of each taxing unit that levies real property taxes on property located
within the proposed TIF, and (2) published in a newspaper of general circulation at least seven days prior to;
the hearing.
The property described and depicted in Exhibit "A" of the attached Ordinance meets the criteria for inclusion
into a reinvestment zone pursuant to the Code because among other things, the reasons contained in the
findings of fact set forth in the attached Ordinance, the area is primarily open and, due to a lack of basic
infrastructure that prevents development from occurring in the area solely through private investment in the
reasonably foreseeable future, substantially impairs and arrests the sound growth of the City.
The property is located in COUNCIL DISTRICT 2
0
FISCAL INFO R MATION/C ERT1F1 CATION.
The Financial Management Services Director certifies that this action will have no material effect on City
."urnarne.- 171.,ONE STAR TIF Page lof2
as.
TO P c-cQ M FROM n /AC-!pQ n C n s
4 ..
i!1+^41oJ5tYrr.�apw.,�NLLriY'.M�m:.M'+w'tl..r'!�r:fi�CSe+�wMN..,+w.�Y.'da".+Y.7�".r+*«','^*^v.+W',�,"va,"ha.w .1w!"►.�"�Cd��r'Nr,,.,#hM.a.«.a....reJ.,q,�ICik"$�'"*Yw+�*w d::�+.^cX'.. W,ro;!"4°..A .' "�+r�wC tlw Wt�,.e""M'...rW 1w',�,WA�J:"�R,7 "'rvli.'ti�.5wre ...... 7M"'"+r�.P�rMw..°"`WA' '.' ^.•�..Y�ura Kxft*%-,IW,d*.JMt'�,.'' .�w.ery4ly.,.4
Sub _for City p er"s Off Tom Higgins (6140)
Jay Chao (61921)
di_w .llt imati_...- -.Contact: Shallah Hatch (2235)
'�f'Gt�n.7Acw aW" "�nrr�M�wn„ ,Yk�.,AMaI�Y.•.ac,.^a..w.a^�.�.„�.�CA!'A�.�*+»'�°�N�..'�NL4».,w.�.�. arw..w,+W+'�.a�.�++w+^N!.-.,�t+,J..hwawu^�.,y�r�w�s;ra,��.�«rc-.a�a�'�.�w"'��'.«�u'»iC�.,+u;..�ar..T�„,�,i,�,.�k'." wu+"NMm�.�Yh' � .4rL..war.;�M��rRr.�er�dwwf���r� u,a�,�..r.eb"rNG"4+.'9�C". IVa"X a""n t,�a^+�.m...M�^r,Mww�4pt�,�wdtw�aw�+�d.n^'�,:uC."�Mww"a1�0' �FC.,4�'"�,rvr¢aw.o,,�w„AU:�^ ...r
. Mme. 17L,ONE STAR TIF Page 2 ofd
TIF 10 .s Lone Star Mt &INA Low
O I
mcs a k Vol J
„ p
ti
ALMe
�-#)L
LQhd�
pp LCD +" R
� J
t
Y
CLOUD�COVER RD
RAN�CH RD
T I
�r 0
uj
Ix
H� L E
T.R C7 R
u
,
" 0 (?
4 R
V&STPORT �
IU70
wUd E. S I.
C
'H T
a ROE CSR ,
„
"
AL
r
y
1 R HAZEL k D „
w w '
W
"
h Y
r X`
a u• r � Y F s .. d
..
Y r w
r r
,
BEAVER-GREEK OR
,
e
LENT CSR
t6 FtJRLONG WAY
CAYLOR D
C)
ARUM STS
d ; g
fl
.�+��. " (,^Y� ! µ .. w � �•.�—+w�..�«Y ..� Y .m.�w�.....�..,.arn ,. {,, r° �Y SUNSET- C Nµ ,
X
a 40 .
Ilk
"
e • w.nF � ]
4
,.P a DR
CN
CE
OR PRCSTWAY�
tDAR-F ) �f rye. NS
_...
�e u
'DR . Lone Star
"
City, Limit
u
Prepared On,November 19,2'009
Housing Economic Development
City Fort Worth �� + ��� ,� � Miles
.... ..........
10.: Lone Star
------------------
ALLIANCE-AiLVD- ------- ----------__11)
LONG-MOLL OW RD
0, HOL�OW-LAKEiRQ
R_ DI
CL6UD-G0VE
L_AZjYJRl__
Q�
Je
4 a-
) 1 0
�7
w
PA,
0
A-RAve-T.
-rLEBARON,,
cAT
w_]
SILVERADO-TRL
_J
LASSU-RD,
10 m,.. ,.
170
................
m
J�ADE-ST
SAPPHIRE--ST
R
ERDEL-D
VE
A,LM-DR
p
1pl�
H,I;VEL]-DR
CK
07
w
01 L
r
E DRL
% C --
BEAV EK DR eo
L
%I`WNEl�
c
SPIAN.- x
LU
6U NIT_DR t.f3EEKMAN-DR,
------ FURLON�G-VVAV
SAWTI M 'RL
13ER—,T TWIN p1tV
e'D Lil
R U;�M: S:7j
0 0
a
<
ui
A0 k;x 14/11,
Ole I N14"
0� e6
N4,
I_
HIGKSCH0Uv--
,J
STAB L 6 Do o CRESTWXYLDR > L,egenId
<
17G'LE NMSTA-1,I)R-co
TIF 101: Lone, Star
Ile"
c ity Limit
Prepared Oni" November 18.20,10,
Housing & Economic Development 01 01.125 0.215 0.5 Mlilles
**w%*A -AN—