HomeMy WebLinkAboutContract 30624-A1 iJ;1 �w� .
CITY
CONTRA �
,
AMENDMENT No. I To
AGREEMENT TO PARTICIPATE IN
TAX INCREMENT REINVESTMENT ZONE NUMBER TEN,
CITY OF FORT WORTH, TEXAS
This AMENDMENT NO., L To AGREEMENT TO, PARTICIPATE IN TAB
INCREMENT REINVESTMENT ZONE NUMBER TEN CITY OF FORT WORTH,
TEXAS ("Amendment") is entered into by and between the CITY of FORT WORTH,
TEXAS (the "City") and TA RANT COUNTY HOSPITAL DISTRICT ("Taxing Unit").
The City and Taxing Unit hereby agree that the following staternents 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 n t
� � � :� he northers area of the City has Tax Increment ent '" irvet ent
Zone Number Ten, City of Fort "worth, Texas (the "original TIF"). Ordinance No. 16002 is
incorporated herein by reference for all purposes.
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 Tax Increment Fund
the following amounts in the following years: .i fl-orn 2005 (Tax Increment levied and collected
for the 2004 tai year) through 2009 (Tax Increment levied and collected for the 2008 tax Fear),
eight' percent 01 of the Taxing Unit's Tax Increment; (ii) from 2010 (Tax Increment, levied
and collected for the 2009 tax year) through 2014 T' x Increment levied and collected for the
2013 tax year), seventy percent % of the "Taxing Unit's Tax Increment-, Yiii from 2015 (Tax
Increment levied and collected for the 2014 tax yeas`) and each year fir the remainder of the term
of the TIF District, fifty percent 50% of the Taxing Unit's Tax Increment ("Participation
Agreement"), 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. 30624.
C. on December 91, 20,0 8, the City Council of' the City adopted ordinance No.
18397-12-2008 expanding the original TIF to include additional real property in the northeast
area.. of the City contiguous to that comprising the Original TIF (the "Expanded TIF").
Ordinance No. 183917-12-2008 is attached hereto as Exhlh t "A".
01 ..After hearing a presentation by the City regarding the tentative plans for the
development or redevelopment of the Expanded TIC" and an estimate of the genera.1 impact of the
Expanded TIF on property values and tax revenues, Taxing Unit voted to, eontribute the same
percentage as described per Section III of the Participation Agreeme nt of the Taxing Unit's Tax
Increment from property in the Expanded TIC" into the Tax Increment Fund, which intent the
parties hereto wish to reduce in wn*ting through this Amendment.
NOW, THEREFORE, the City a nit for and in consideration of the terms
and conditions set forth herein, do hereby ant an ee as follows:.
Amendment o�. I to Tarrant County Hospital ;ry SLcCRETARY
Participation Agreement re ;done 'Star TtF R E ' IN E D 2013
Pale
10 Effective as of the later date below, the following tenns provided in Section 2 of the
Participation Agreement are hereby amended to be defined as follows:
`IT IF District" shall mean Tax Increment Reinvestment, Zone Number Ten,, City of Fort
Worth, Texas, designated by City Ordinance No. 16002 on June 15, 20014 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 (1) the total appraised value of all real property
taxable by Taxing Unit and located in the Original TIF on January 1, 2004 and (ii) 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 there in the Participation Agreem,ent.
4* In accordance with Section 311.013 f-1) of the Texas Tax Code, the Tarrant County
Commissioners Court may now act on and enter into this Amendment on behalf of the Taxing
Unit,.
5. 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, brut all of which shall constitute one instrument.
EXECUTED as of the later date below:
CITY OF FORT WORTH, TEXAS-. TARR ANT COQ NTY
On Behalf of the
TARRANT COUNTY
Is
HOSPITAL DI TRICT,.,,
Byql
6�c pz�
131. Glen Whitley
Assistant City Manager County Judge
Date: Date. 12-11t4, Z
Amendment No. I to Tarrant County Hospital District
Participation Agreement re: Lone Star TIF
Page 2
ATTEST: 011+I, ATTEST.
y�
., 0
APPROVED AS TO FORM LEGALI APPROVED A�, FOR
n
a
y, B
Assistai City Attorney Assi � District Attorney
M&C.- COURT ORDER NO: JP(�
, the District Attorney's Of ` rrr y on adv se or approve ec�rrtrac�ts r�le al ocyuments ors behal of it�w clients. It rrrr y
not advise orapprove a contract or legal document on behalf therparties, Our view of this r r ew was ondueted solely
frcrrrr the legal perspective of our client. Our opprovol of this docurnerrt was q ere s lely br the bene it of our client. Other
parties should not rely on this approval rr should see k review and approval by their own respective attorney(s).
OFFICIAL I RECORD
CITY SECRETARY
Amendment No. I to Tarrant County Hospital District FTe WORM,TX
Participation Agreement r : Lone Star TIF
Page 3
"RD INANCE NO. 18397-12-2008
AN ORDINANCE ENLARGING THE BOUNDARIES OF TAX
INCREMENT RIEINVEST ZONE, NUMBER TEN, CITY OF FORT
WORTH, TEXAS: AND CONTAINING OTHER MATTERS RELATED
TO THE ZONE.
WHEREAS, pursuant to Ordinance No. 1,6002, adopted by the City Council of the City
of Fort Worth, Texas he "City") on June 151, 20104, the City created Tax Increment
Reinvestment Zone u. bcr Ten, City of Fort Worth, Texas(the"Zone")- and
WHEREAS, Section 311.007(a) of the Texas Tax Code (the "Code"),, subject to certain
provisions of Section 311.006 of the Code (ifapplicable), allows, the City Council to enlarge the
boundaries of an existing reinvestment zone by ordinancle; and
WHEREAS, Section 311.006 of the Code allows a municipality to enlarge the
boundaries of an existing reinvestment zone pursuant to Section 311.007(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 (15%) of the total appraised value of taxable real property in the municipality and
in the industrial districts created b the, municipality; and (ill) the amended boundaries of the
y I
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, the one currently surrounds approximately 164 acres of underdeveloped
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 Exhiffift"A"', attached hereto and hereby
made a past of this Ordinance for all purposes (collectively, the"Expansion Area"); and
Page I
Ordinance Enlarging Tax Increment Reinve,.;mwnt one Number Ten,
Citv of For Worth,Texas
W
WHEREAS, pursuant to Section 4.3 of that certain Master Economic Development
Agreement by and among the City; Tarrant County, Texas; the Lone Star Local Government
Corporation; and 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
to add the Expansion Area to the ZoneI, and
annexation,
WHEREAS, the property compris,ing 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-1 and
WHEREAS, on December 9,, 2008 the City Council held a public liearing,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 the addition, of the
Expansion Area into the Zone; and k M 1
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
WHER]EAS, 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 intention to add the property
within the Expansion Area into the Zone and of the public hearing,
NOW, THEREFORE.) BE IT ORDAINED BY THE CITY COUNCIL OF THE
CITY OF FORT WORTH,TEXAS:
Page 2
Ordinance Enlarging Tax Increment Reinvestment Zone Numb<-,r"Ten,
City of Fort Worth,Tex
Section 1.
FINDINGS,
That after reviewing all infori-nation 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
City and to property in the Zone and affording a reasonable opportunity for all interested persons
to speak for OT 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 the Zone and
areas west be developled 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 strate ic location of the Zone and the Expansion
Area (which c-urrently is surrounded by the Zone), the City Council needs to ensure that
development in this area confonns to that recommended by the Comprehensive Plan.
'17he Comprehensive Plan states that a regional mixed-use growth center needs to have
three of the followinv five cn*teria: (i) high employment concentration-, (1i) high
concentration of residents; (iii), one or more major transportation facilities, such as
highways and arterial roadways; (iv) major institutions, such as a goverriment facility;
and (v) major tourist attractions attracting at least 100,000 visitors per year. If the
Expansion Area is not included, within the or and, accordingly, does not receive the
Potential benefits of development afforded by means the Zone"s project plan that will
Page 3
Ordinance Enlarging'Fax Increment Reinvestment Zone Number Ten,
City offort Wo,nh,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
the 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 compris,ing the original boundartes, of the Zone, the Expansion Area,
together with the property comprising the orlizinal boundaries, of the TI F, lacks adequate
niftastructure 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 it in the reasonably foresecable 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 criten"a for designation of a reinvestment zone, pursuant to Section 311.005(a) of the
Code and, as a result, is elle to be added as part of 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
all the taxable real, property in the Zone, including the Expansion Area, and will be of
general benefit to the City.
1.6. The Expansion Area does not include property more than ten percent (10%) of which,
excluding property dedicated to publ,ic use, is used for residential purposes, as defined in
Section 311.006(d) of the Code.
111age 4
Ordinance Enlarging,�rax Increrrietit Rcinvestment Zone Number Teii,
City of I'-oTi worth,Texas
t.7- The Expansion Area does not *include more than fifteen p ercent (15%) of' the total
appraised value of taxable real property in, the City and in the industn'al districts created
by the City.
1.8. With the addition of the property comprising the Expansion Area, the Zone will not
contain more than fifteen percent (15%) of the total appraised value of real property
taxable by any county 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 311.005(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.
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 Tell,
City of Fort Worth,"Texas
Section 4.
TERM OF ZONEIN
That the addition of the property compn*sing the Expansion Area. into Zone shall take
effect upon -the adoption of this Ordinance. The Zone, as enlarged, shall terminate in accordance
with Section 4 of Ordinance No, 16002.
Section 5.
DETERMINATION OF TAX INCREMENT BASE.
That the tax increment base, as defined by Section 311.012(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 20018, 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 "'TIF Fund") shall 'Include the percentage of any tax increment as
defined by Section 311.012(a) of the Code) produced by property in the Expansion Area that (i)
the City dedicates to the TIF Fund pursuant to and in accordwice with Ordinance No. 16002 and
Chapter 311 of the Code and (11) each taxing unit which levies real property taxes on property
located within the Expansion Area elects to dedicate to the TIF Fund under a participation
agreement with the City., as authorized by Section 311.013(t) of the Code.
Page 6
Ordinance Enlarging Tax Increment Reinvestment Zone Numher Ten,
City of Fort We Texas
Section 7.
TAX INCREMENT AGREEMENTS.
That, pursuant to Sections, 311.00,8, 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 wh ich such taxing un,its agree to deposit tax increment generated by
such property In the tax increment fund of the Zone.
Section 8,.
SE,VERABILITY,
That if any portion, section or part of a section of this Ordinance is subsequently declared
void ^
invalid, in per ative or void for any reason by a court of competent jurisdiction, the remaining
po�rtions,, sections or parts of s,ectio�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, opini on 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., Deceniber 9, 2008
Page 7
Ordinance Enlarging Tax Increment f einvcs.tnient Zone Number Ten,
City of Fort Worilit Texas
APPROVED AS TO FORM AND LEGALITY.-
By.-
Peter Vaky
Assistant City Attorney
Date
C:G-1 3 9
Page
Ordinance Enlarging Tax Incr-:m em,Reinvestment ent Zo e Number Ten,
City of Fort Forth,Texas
EXHIBIT"A"
LEGAL DESCRIPTIONAND MAP
OF THE XPANSIION AREA
BEING a tract of land situated in the H. Creed Survey, Abstract Nurnber 1898, and the
M.E.P. & P. R,R,. Survey, Abstract Number 1143, Tarrant County, Texas and being more
particularly descn'bed by metes and bounds as follows:
COMMENCING at the southwest comer of Lot 23 Block 1, Alliance Gateway West
Addition, as recorded in Cabinet A, Slide 5817, Plat Records, Tarrant County, Texas,
said point being in the existing east right-of-way line of Interstate Highway 35W-
THENCE N 00'0121 6"E, 152.5.2 feet 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 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 01'36'33"E, 212.47 feet, an arc distance of
212.49 feet;
THENCE N 01012'3'o" , 1235.7'5 feet continuing along the easterly right-of-way line of
said Interstate Highway 35W and across State Highway 170, again along the easterly
right-of_tea y 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 ri
I ght, through a central angle of O "04'52", having a radius of
11540.73 feet., the long,chord of which bears N 00'46'131"W, 419.14 feet, an arc distance
of 4 19.16 feet
THENCE N 01'048"25111,W, 133.37 feet continuing along the easterly right-of-way line of
said Interstate Highway 35W,
THENCE N 88"07'58"El 6.25 feet continuing along the easterly right-of-way line of said
Interstate Highway 35W-
THENCE N Oil'3612211W, 1991,917 fieet continuing along the easterly fight-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'saild Interstate Highway 35W
and with said curve to the rigbt, through a central angle of 02'2433", having a radius of
9816-25 feet, the long chord of which bears N 00'40'019"W, 412.74 feet, an arc distance of
4 12.7 7' feet
THENCE N 00"15'47"E5 180.44 feet continuing along the easterly'n'ght-o:f-way line of
said Interstate Highway 35W,-
THENCE N 0500938"W11 55.38 feet continuing along the easterly right-of-way line of
said Interstate Highway 35W,
THENCE N 00016'30"E, 223.28 feet continuing along,the easterly i-ight-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 35'W
and with said curve to the right, through a central angle of 009'00'37", having a radius of
654 1.97 feet, the long chord of which bears N 05'0 7'30"E, 1027.73 feet, an arc distance
oft 0�28.79 feet,
THENCE N 0905551"E, 1X4..93 feet continuing along the easterly right-of-way line of
said Interstate Highway 35W.
THENCE N 10029'25"E. 622.83 feet continuing along the easterly ri'ght-of-wa line of
I y
s *d Interstate Highway 35W-
al I
THENCE N 11"1 4'59"E, 930.32 feet continuing along the easterly right-of-way line of
said Interstate Highway 35W;
THENCE N 17013'22"El 186.31 feet across, Keller Haslet Road (County Road 4042)),
retuming to the easterly right-of-way line of said Interstate Highway 351W;
THENCE N 1V 14'5" , 884.13 feet continuing along the easterly right-of-way line of
said Interstate Highway 35W.
al
THENCE N 1 2""58'01"Ej 232.01. feet continuing along the easterly right-of- ay line of
said Interstate Highway 35W.;
THENCE N 12'058'01"Ej 96.22 feet continuing along the easterly right-of-way line of
said Interstate Highway 35W.
THENCE N 1101 4',55"E, 131.23 feet continuing along the easterly right-of-way line of
said Interstate Highway 35W.
THENCE N 0802737"El, 161.2.97 feet continuing along the easterly right-of-way line of
said Interstate Highway 35W,
THENCE S 8828,'58"E 2890.60 feet to Old Denton Road;
go
THENCE S OW35141"W, 1485.20 feet along Old Denton Road to Keller-Haslet Road and
the POINT OF BEGTNNING.
THENCE S, 89"54'46flw 2637.53 feet along said Keller-Haslet, Road;
THENCE S 00'01 2'58"Ej 207.77 feet;
THENCE S 13031" 6""W1 490.39 feet;
THENCE S 09058%10W, 368.01 feet to the east in of that certain tract of land described
by deed to AIL Investment, L.P., Volume 13130, Page 246, Deed Records, Tarrant
County, Texas;
THENCE S 00"03"10"W1 1268.60 feet along said east line to the southeast comer of said
AIL tract, and also a point in the north line of that certain tract of land described by deed
to Hillwood/Freeway Ltd, as recorded in Volume 9527', page 10 11; Deed, Records,
Tarrant County, Texas now known as AIL Investment, L.P.;
i
THENCE S, O�0;"55'57"'E, 3661.82 feet along the north line of said Hi'llwood tract;
THENCE N 89044'38"E, 42666.17 feet continuing along the north line of said Hillw ►od
tract to Old Denton Road;
THENCE N 0001612"E, 2075.32, feet along Old Denton Road,
THENCE N 15053"57"E, 120.79 feet continuing along said Old Denton Road-,
THENCE N 25'029'11"E, 204.7'8 feet continuing along said Old Denton Road;
THENCE N 1:4`3614"E, 114.86 feet continuing along,said Old Denton Road;
THENCE N 019 1'40"E, 165.67 feet continuing along said Old Denton Road to the
aforementloned Keller-Haslet Road,
THENCE S 890431 611W, 20,46, feet along said Keller-Haslet Road;
THENCE N 00'035141"'E, 2,1.,50 feet to the POfNT OF BEGINNING and containing 164
acres of I and more or less,
NOTE,- THIS DOCUMENT WAS PREPARED UNDER 22 TAC S,663.21, AND
DOE,S, NOT REFLECT 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 RECONFIGURATION OF THE
BOUNDARY OF THE POLITICAL SUBDIVISION FOR WHICH IT WAS
PREPARED.
0 . Y �»".« ....•.,,�.-.max
a +0
co
CL
n .� k
ryG
n
F .
W
1 i uj
N w
n °
yy .
u I uj M
a p n
v1sikVilv-,
p
.0
� a
r < + a
00 Y '
Lu
IdL
s�jndS IS011
LL
r
� y
UJI
e
a
o
M, 0. HONV�Al VSOlb3(JNOd
C t
1YwwM w y FP
`µ pop
"
CAEAMELIO
LU
vo
n
�.
., O
U)
M .Y
z
� "
C: uj
RL
ui
VC:
s
4
n�
y /ry r
w
M
'^ 4.. " a�,...�;`a" �•nx�'u�mmm vw.,„w0.
u v,
w
a n.
�(F WrX �M .„w �..,,,n a.w.,.�e��. W...-.a.# -•n �..0 "�wM•c y8..^r� .. µ .-.�n auw.....r4"1"M4^'Mazw^. ^'.�,s"." .:,r,.... ,.....exr..w,n._.r.,.«rm........ rme,"..wr._r.w.rn lam,a x .., .v«s...w.wwwnw�. ...
t ”
NOV&V
ca
.""""”.
N
r..q%r r-K
EAHIL"BIT
LEGAL DESCRIPTION AND MAP
OFTHE ZONE FOLLOWING EXPANSION
BEING a tract of land situated in the J. Ashford Survey, Abstract Number 17761, the H.
Cox Survey,Abstract Number 386, the H. Creed Survey, Abstract Number 1898, the 1.
Niece Survey, Abstract Number 11601,the A. C. Warren Survey, Abstract Number 168,7,
the W. Houston Survey, Abstract Number 746, the M.E.P. & P. RR. Survey, Abstract
Number 1143, 1
I the T. G. Willis Survey, Abstract Number 16182, the Si. T. Rhodes Survey,
Abstract Number 18,68, the G. W. Parker Survey, Abstract Number 1251 and the J.
McDonald Survey', Abstract Number 1106, Tarrant County, Texas mid being more
particularly described by metes and bounds as follows:
BEGINNING at the southwest comer of Lot 2, k 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 3,5W.
THENCE N 00012'1 6"E, 152.52 feet along the easterly right-olf-r ay line of said Interstate
Highway 315W 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 02'40'04"', having a radius of
4563.66 feet,,the long chord of which bears'N 01'36 33"E, 21 x.47 feet, an arc distance of
212.49 feet-,
THENCE N 01 12'30"' , 1235.75 feet continuing along the easterly ri ght-of-way line of
said Interstate Hi or iway 35W and across State Highway 170, again along the easterly
I
nght-of-way line of said, Interstate f J*ghway 35,W to the beginning of a curve to the n*ght,
THENCE continuing along the easterly n'ght-of-way line of said Interstate Highway 35W
and with said curve to the ri ght, through a central angle of 02'04"52", having a radius of
11540.73 feet, the long chord of which bears N 00'46'13"W, 419.14 feet, an arc distance
of 419.161 feet--
1 N 01`48
TH '25"W '33.37 feet continuing along the easterly right-of-way line of
ENCE l� 1 1
said Interstate Highway 35W-,
THENCE, N 88007',58"El 6.25 feet continuing along the easterly right-of-way line of said
Interstate Highway 35!W�-
3
THENCE N 01036'22tV 15 199.97 feet continuing,along the easterly right-of-way line of
said Interstate Highway 35W to the begqnning of a curve to, the night-
THENCE continuing along the easterly right-of-mlay line of said Interstate Highway 35W
and with said cunle to the right, through a central angle of'02'24'33", having a radius Of
98I 6.2)5 feet, the long chord of which bears N 00'40'09"W, 412.74 feet, an are distance of
412.77 feet-,
THENCE N 00'01 5'47"E, 180.44 feet continuing along the easterly figbt-of-way line of
sad Interstate H*g way,35W-
i h
THENCE N' 05009'38"W, 55.38 feet continuing along the easterly right-of-way line of
sari InterstatHI ghway 35WI
THENC 001 "3 '" , 223.2,8 feet continuing 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 Higbway 35W
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 are distance
of 1028,.79 feet,
THENCE N 09055'51"El 134.93 feet continuing,along the easterly rift-of-way line of
id Interstate Highway 35W;
sal I
THENCE N I 0""29'25"E, 622.83 feet continuing along the easterly rigbt-of-way line of
said Interstate Highway 35W;
THENCE N I 1'014'59"El, 930.32 feet continuing along the easterly right-of-way line of
said Interstate Highway 35W,
THENCE N 1701 3'22"El 1861.,31 feet across, Feller- aslet Road (County Road 4,0142),
returning to the easterly n'ght-of-way line cif said Interstate Highway 35W;
THENCE N 111 4'55""E, 884.13 feet continuing along the easterly right-of-way line of
said Interstate 35W;
I
THENCE N 12"58'01"Ell 232.01 feet continuing along the easterly right- f-way line of
id Interstate Highway 35W-
sal I
THENCE N 12"58'01"'E, 96.22 feet continuing along the easterly right-of-way line of
said Interstate Highway 35W;
THENCE N I IDI 455'#El 1,31.23 feet continuing along the easterly right-of-way line of
said Interstate Highway 35W-,
I
THENCE N 08`2737E� 1612.917 feet continuing along the easterly,right-of-way line of
said Interstate Highway 35W,-
I
THENCE S 88"28'58"E, 2890.60 feet;
THENCE Si 00"'35"41"W1, 1506.70 feet to the centerline of the aforementioned Keller-
Haslet Road:
THENCE N 891'43"1 ►"El 448,16 feet along the centerline of'said Keller-Haslet Road;
THENCE S 89009"14 F"El 1147.86 feet continuing along the centerline of said Keller-
Haslet load;
THEN CE S 7"5 "599""E, 12.47.61 feet continuing along the centerline of said Keller
-
Haslet Road,-
THENCE N 89`3 1'02"E, 1280.34 feet continuing along the centerline of said Keller-
Haslet Road;
THENCE S 8903 8'23""'E, 7311-92 feet continuing along the centerline of said Keller-Haslet
Road-,
THENCE S 22045"517"El 733.32 feet, crossing State Highway 170, to the centeirline of
i
Alta Vista Road(County Road 405'3),
THENCE S 00'016'23"E, 1286-78 feet along the centerline of Alta Vista Road;
THENCE S 00032'07 1W, 801.35 feet continuing along the centerline of Alta Vista Road;
THENCE N 89"27'54"W. 385.35 feet;
THENCE S 63'01 1'127"W-11 2495.17 feet,.,
THENCE N 28()03'-')1"W.
, 168.24 feet;
THENCE N 4401 1'19"Wl 9155.22 feet;
THENCE S, 640191"019"Wil 2249.53 feet to the existing west right-of-way line of Old
Denton Road (County Road 4048);
THENCE S 00941 31"W, 1910!.95 feet along,the existing west rip-ht-of-way line of Old
Denton Road"
I
THENCE N 89`39'58"W, 33791.51 feet to the POINT OF BEGINNING and containing
98,1 acres of land moire or less.,
NOTE: THIS DOCUMENT WAS PREPARED UNDER 22 TAC 5663.21, AND
DOES NOT REFLECT THE RESULTS OF AN ON THE GROUND SURVEY,
AND IS NOT TO BiE USED TO CONVEY OR ESTABLISH INTERESTS IN REAL
PROPERTY,, EXCEPT THOSE RIGHTS AND INTERESTS IMPLIED OR
n
r
a
ESTABLISHED BY THE CREATION OR RECONFIGURATION OF THE
BOUNDARY OF THE POLITICAL, SU DIVISION FOR WHICH' IT WAS
PREPARED.
3JLNIQ�d3O(Al
ALLEN �.��� ��
"
w.�
w
ui
of.... ..„.._. _ co G
a
y” � ....
"
` " z d
Lul
lw
2
qy LU
2L < G b CD
p CD
.. �b rr
.0 "
CFp
_.
<." s
µ iv"
0' F-
C)
�.
r`
V LL
cn
w.s8ndS ISM
LY
q.. n
"
"
H NVH VS0830NO
M CL
OWN
NOIWICI (11 ) ��
,n7P� I 1 ,I 7�d � / � 9�•;m� /1 r��k� °,
'1
0
N IJ i
IN-
1
,µ
C
5
r cf
µ
4
U.
Y N O"8VH
X
m
J.
City of Fort Worth, Texas
Mayor and Counc'111 Co uni"cati'on:,
ftvb"
COUNCIL ACTION: Approved on 1219/201018a Ord. No,. 18397-12-2008
WMAWWWWAMW
DATE Tuesday, December 09, 2008
61
LOG NAME.- 17LONE, STAR TI,F REFERENCE NO.4 G*-16389
a
S-wo-JECT.
Public Hearing and Ordinance Expanding the Boundary of Tax Increment Reinvestment Zone
Number Ten, City of Fort Worth, Texas (Lone Star TIF)
fkECOMMENDATION,
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 bo�unida�ry of Tax Increment Reinvestment Zone
Number Ten, City of Fort Worth,, Texas, pursuant to Tax Increment Financing Act, Texas fax Code,
Chapter 311 and contains specific findings of fact in support thereof'.
DISCUSSION:
On June 15, 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 Cab la's Retail, Inc,. (City Secretary contact No. 30651). At the
i $ iction was located in the middle
time, 164 acres of underdeveloped property in the city's extraterritorial jun'sdi
of the TIF and was ineligible for inclusion in the TI F because it was not located in, the City's boundaries.
Under the M' aster 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 TI F., That land has now been, annexedi. 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 goveming body of each taxing unit that levies real property taxes on property located
within the proposed TIF, and (2) p�ublished in a newspaper of general circ,ulI lation 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 l�ack, 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
Fl.,SCAL,I.IINFORMATION/CERTIFICAT"10,N,
The Fina'n'c'ialM"ana"gem' ent-Serv'lce's, Director certifies that this action will have no material effect on City
Logname: 17LONE STAR TI Page ] of2
funds..
TO.-FundlAomAnt/Centers FROM Fund/Acc VC
Submitted tQr C� Ma .� � � . Tom Higgins (61140)
Ortgtn tjnV-D:ep-a � Jay Ch�apa (6192)
d Mon��M . ._ ..r�. _� _ _ S ally Hatch
ogname: 17LONE STAR TIF Page 2 oft
TIF 110 .v L:one Star maw, mit jNA L
I
t---......;AL MA0C1e'--8; z/
LONG-HOLLOW RD
did,
OVER,kD
LL
CLbiLIDt
dii, fkANCH--RD
ui
SERTMESPidi-
0
w.
CAT-TLEf3AR IV
HASLET-ROANOKE RD
lit
",V
x "J,
VVE t$I FU K I
170,
..........
JAD -ST
PPh1RE ..........
P01 RDE'--DR
x
L-M—DR etl
AZ-EL,-1,DR Q"
----------
5;
7p
...... BUR� OR
�C,E—OR"L
T-
R- EE OR
...........
t-, 'IN El-11451
ASPIAN
U NT--DR BEEMAN—DR
FORLONG--WAY
W-TIMBER TRL
AYLOR.-RD
0UNi ST,4
I, t
IR
6F
Cn
<
SUNSET I
0 00 ............ r I nw
I / I
Ile
.........................................."I",
HIGH,SCHO0
....... Rz, J#4T#4-,-,DR
If 11,
STABLE.60 0 'd
-WAY1,-Dk >
CR. ST
dil 0
0 GLEN VISTA-IDR-(% !>
A' S
-FAL-k- -0,�/ftl 1j,is
CEDAR
OR
XE N'S
7`
ia...................
4S4EA,"I -IF -
1 10, Lone Stair
City Limit
11 1 1 7 1
Pre�paireId On:November 19.2009
BEA
I"E
6FPAA
H
J
1C
IP',*
did
Housing Economic D velonme n ,�
City of Fort Worth 0 0.25 0.5 1 Miles
.I ........
T�IF 10 Lone Star mom ExfmAo "j>cb
W RD
HOLLI0'W-LAKEIF?qI
CLOUD-COVEK-
ANCH-RD,
LAZYP
0
AIT LUI
ts,
ATTLEB RON-
7BA
SILVERADO--TRL
LASSO-RD-,
X
9-
z N
10 RT-
170
0
_M_
JADE—ST
SAPPHIRE—SNP"
ERDE—IDR 10
't :0
LM—DR
tP
iH EL-JDR
V
PA
AZ
_
"eel ti
<
CA
--ELLENBORO-,LN
ICS T
0 L , t
LU
z U
0 )> j 0
e- c� 10 )Ft4c
;� E-D
BEAVER-CREEK DR � �_� ,-
I,
)c,4'SPJAN-GNN
LU"I
COUNT.- R BEEKMAN-DR
_j
L FURLONP-WAY
SAW.TIM13tR_ TIRL T\AA N P141
Sot4SET—CIR7
RUM-S-`
z
4Q
WX 0 __0
IN
0
M.
0
<<'
w
4$5
HIGH!.SCHOO)Io�.� At A
HYACINTH-DR, _..&
0
r %771
oO7
0
STABLE-IDn CRESTWA DR O Legend
0 0
% rGLEN'-VI TAAD <
_7
TI F 10, Lone Star
L10
------------------------------ City Limit
n.
.............
Prepared On, November 18,,2010
Housing & Economic Development 0 0.1250.25 0.5 Miles
City of Fort Worth, I I I I - I