HomeMy WebLinkAboutContract 45339 r�
City Secretary Contract No: -)4
AGREEMENT TO PARTICIPATE IN
TAX INCREMENT REINVESTMENT ZONE NUMBER FOURTEEN,
CITY OF FORT WORTH,TEXAS
(TRINITY LADES TIF)
This AGREEMENT TO PARTICIPATE IN TAX INCREMENT REINVESTMENT
ZONE NUMBER FOURTEEN, CITY of FORT WORTH, TEXAS ("Agreement") is
entered into by and between the CITY OF FORT WORTH, TEXAS (the "City") and
TARRANT REGIONAL WATER DISTRICT (the"Water District").
The City and the Water District hereby agree that the following statements are true and
correct and constitute the basis upon which the City and the Water District have entered into this
Agreement:
A. On November 12, 20125 the City Council of the City ("City Council") adopted
City Ordinance No. 20505-11-2012 designating certain real property located in the eastern
portion of the City in an area bounded by the Trinity Railway Express (TRE) rail line to the
north, the Trinity River to the south,the Bell Spur to the east, and Highway Loop 820 to the west
as Tax Increment Reinvestment Zone Number Fourteen, City of Fort worth, Texas (the "TIF
District"). The TIF District is informally known as the "Trinity Lakes_ TIF." Ordinance No.
20505-11-2012 is hereby incorporated by reference for all purposes and is attached hereto as
Exhibit "A."
B. Designation of the TIF District will cause development of property in and around
the TIF District to occur that would not occur otherwise in the foreseeable future. As a result of
designation of the TIF District, it is intended that public infrastructure for Trinity Lakes and for
private development projects will be funded. It is anticipated that other complementary
development in the TIF District will follow. This overall development will result in increased
tax revenues and other public benefits for both the City and the Water District.
C. Pursuant to Section 311.013(f) of the Texas Tax Code, the Water District is not
required to pay any tax increment into the tax increment fund of the TIF District unless it enters
into an agreement to do so with the City. The Water District wishes to enter into such an
agreement with the City.
NOW, THEREFORE, for an in consideration of the conditions set forth herein, the
sufficiency of which is hereby acknowledged, the City and the Water District do hereby contract,
covenant and agree as follows:
1. INCORPORATION OF RECITALS.
The parties hereby agree that the recitals set forth above are true and correct and form the
basis upon which they have entered into this Agreement.
rFTFICIAL' ECORD
Tarrant Regional Water District Participation Agreement Y SECRETARY
Trinity Lakes TIF
Page 1 ■Wo TX
RECEIVED FEB 0 4 2014
2. DEFINITIONS.
In addition to any terms defined in the body of this Agreement, the following terms shall
have the definitions ascribed to them as follows:
Act means the Tax Increment Financing Act, as amended and as codified as Chapter 311
of the Texas Tax Code.
Captured Appraised Value in a given year means the total appraised value of all real
property taxable by the water District and located in the TIF District for that year less the Tax
Increment Base.
Project flan means the project plan for the development and/or redevelopment of the TIF
District, as adopted by the TIF Board and approved by the City Council of the City, attached
hereto as Exhibit"B."
TIC' Board means the governing board of directors of the TIF District appointed in
accordance with Section 311.009 of the Act and Section 3 of City Ordinance No. 20505-11-
2012.
TIC' District means the certain real properties and boundaries as described in City
Ordinance No. 20505-11--2012, attached hereto as Exhibit"A."
Tax Increment in a given year means the amount of property taxes levied and collected
by the water District for that year on the Captured Appraised Value of real property taxable by
the water District and located in the TIF District.
Tax Increment Base means the total appraised value as of January 1, 2012 of all real
property taxable by the water District and located in the TIF District.
Tax Increment Fund means that fund created by the City pursuant to Section 311.014 of
the Act and Section 6 of City ordinance No. 20505-11-2012, which will be maintained by the
City, into which all revenues of the TIF District will be deposited, including deposits of Tax
Increment by the City and by other taxing units with the jurisdiction over real property in the TIF
District, including the water District.
TIT' ordinance means City ordinance No. 20505-11-2012, attached hereto as Exhibit
3. DEPOSIT OF TAX INCREMENT.
Pursuant to a Resolution duly adopted by the governing body of the water District,which
Resolution is attached hereto as Exhibit "C" and is hereby made a part of this Agreement for all
purposes, and specifically subject to Section 4 of this Agreement, the Water District hereby
agrees to deposit each year during the term of the TIF District,beginning with the 2013 tax year,
eighty-five percent (85%) of the Water District's Tax Increment into the Tax Increment Fund.
Tarrant Regional Water District Participation Agreement
Trinity Lakes TIF
Page 2
Such deposits will be made in accordance with the City's standard administrative procedures
relative to all tax increment reinvestment zones administered by the City, but only following
receipt of a bill from the City that outlines the City's calculation of the amount of the deposit that
is required for that year.
4. LIMITATIONS ON TAX INCREMENT DEPOSITS AND USE OF FUNDS,
This Agreement is based on the following conditions, and the City agrees and acknowledges the
Water District's right to enforce the conditions contained herein by injunction or any other
lawful means in the event one or more of such conditions are not satisfied.
4.1 Certain TIF District Pro'ect Costs Excluded.
The Tax Increment deposited into the Tax Increment Fund by the water District shall be
used to pay project costs for infrastructure improvements or other public improvements
as set forth and identified in the Project Plan, and shall not include any costs for
administration, overhead, or management of the TIF District, or costs for municipal or
educational facilities owned by a school district.
4.2 TIF Distriet Expansion.
As defined, the TIF District shall include real properties located within the boundaries as
described in the TIF ordinance. If the TIF District is expanded, the Tax Increment
deposited into the Tax Increment Fund by the water District may not be used for any
permissible project-costs in any portion of the expanded .area of the TIF District unless
approved by the governing body of the water District as an amendment to this
Agreement.
5. TERM.
This Agreement shall take effect on the date as of which both parties have executed it and
shall expire upon expiration or termination of the TIF District,which currently is the earlier of(i)
December 31, 2032 or an earlier termination date designated by ordinance subsequently adopted
by the City Council of the City, or (ii) the date on Which all project costs of the TIF District,
including, but not limited to, tax increment bonds and interest on those bonds, have been paid or
otherwise satisfied in full.
G. TIF FUND ACCOUNTING.
No later than July 1 of each year following execution of this Agreement, the City shall
provide the water District with an annual accounting of the funds deposited to and disbursed
from the Tax Increment Fund, including accrued interest. After all project costs of the TIF
District have been paid or at the time of the expiration of this Agreement, any funds remaining in
the Tax Increment Fund following the final annual accounting by the City shall be paid to those
taxing units participating in the TIF District in proportion to each taxing unit's share of the total
amount of Tax Increment deposited into the Tax Increment Fund.
Tarrant Regional water District Participation Agreement
Trinity Lakes TIF
Page 3
7. RESPONSIBILITY FOR ACTS.
The City and the Water District shall each be responsible for the sole negligent acts of
their officers, agents, employees or separate contractors. In the event of joint and concurrent
negligence of both the City and the water District, responsibility, if any, shall be apportioned
comparatively with the laws of the State of Texas, with the understanding that neither party
waives any governmental powers or immunities or any other defenses available to each
individually.
S. NOTICES.
All written notices called for or required by this Agreement shall be addressed o the
following, or such other party or address as either party may subsequently designate in writing,
by certified mail,postage prepaid, or by hand delivery:
City: water District:
City of Fort North Tarrant Regional Water District
Attn: City Manager Community& Government Relations Director
1000 Throckmorton P.G. Box 4508
Fort Worth,TX 76102 Fort Worth, TX 76164
with copies to:
the City Attorney and
Housing and Economic Development
Director at the same address
9. NO WAIVER.
The failure of either party to insist upon the performance of any term or provision of this
Agreement or to exercise any right granted hereunder shall not constitute a waiver of that party's
right to insist upon appropriate performance or to assert any such right on any future occasion.
10. VENUE AND JURISDICTION.
If any action, whether real or asserted, at lave or in equity, arises on the basis of any
provision of this Agreement, venue for such action shall lie in state courts located in Tarrant
County, Texas or the United States District Court for the Northern District of Texas—Fort Worth
Division. This Agreement shall be construed in accordance with the laws of the State of Texas.
Tarrant Regional water District Participation Agreement
Trinity Lakes TIF
Page 4
11. NO THIRD PARTY RIGHTS.
The provisions and conditions of this Agreement are solely for the benefit of the City and
the water District and are not intended to create any rights, contractual or otherwise,to any other
person or entity.
12. FORCE MAJEURE.
The parties shall exercise every reasonable effort to meet their respective obligations as
set forth in this Agreement, but shall not be held liable for any delay in or omission of
performance due to force majeure or other causes beyond their reasonable control, including, but
not limited to, compliance with any governmental law, ordinance or regulation, acts of God, acts
of omission, fires, strikes, lockouts, national disasters, wars, riots, material or labor restrictions,
transportation problems and/or any other cause beyond the reasonable control of either party.
13. INTERPRETATION.
In the event of any dispute over the meaning or application of any provision of this
Agreement, this Agreement shall be interpreted fairly and reasonably, and neither more strongly
for or against any party,regardless of the actual drafter of this Agreement.
14. CAPTIONS.
Captions and headings used in this Agreement are for reference purposes only and shall
not be deemed.a part of this Agreement.
15. ENTIRETY OF AGREEMENT.
This Agreement, including any exhibits attached hereto and any documents incorporated
herein by reference, contains the entire understanding and agreement between the City and the
Water District as to the matters contained herein. Any prior or contemporaneous oral or written
agreement is hereby declared null and void to the extent in conflict with any provision of this
Agreement. Notwithstanding anything to the contrary herein, this Agreement shall not be
amended unless executed in writing by both parties and approved by the City Council in the City
in an open meeting held in accordance with Chapter 551 of the Texas Government Code.
16. -COUNTERPARTS.
This Agreement may be executed in multiple counterparts, each of which shall be
considered an original,but all of which shall constitute one instrument,
Tarrant Regional water District Participation Agreement
Trinity Lakes TIF
Page 5
City Secretary Contract No:
EXECUTED as of the later date below:
CITY OF FORT WORTH,TEXAS: TARRANT REGIONAL WATER
DISTRICT:
B : B : k � �.- -- --
By:
Fernando Costa Victor Hender n
Assistant City Manager President,Boar of-Directors---
Date: Date:
VOR
0
ATTEST: TEST:
a
.f $ o W
By: '
Ma J a ser f%'TaMO: arty V. Leonard
Ci ecretar Title:
y Secretary, Board of Directors
APPROVED AS TO FORMILEGALITY:
Maleshia Farmer
Senior Assistant City Attorney
OFFICIAL RECORD
Contract Authorization �� T'ARy
- r �l
M&C G�17744, City ordinance No.
20505-11-202(11/1212012) F WORTH Tx
Tarrant Regional Water District Participation Agreement
Trinity Lakes TIF
Pagel
EXHIBIT"A"
CITY ORDINANCE NO.20505-11-2012
Tarrant Regional Water District Participation Agreement
Trinity Lakes TIF
Page 7
. ,.,- --- —i - _... t nom.. +'. _y.2r.• `— r �' : :
. o :1)U r
DATE: Match 14,2013
TO. Mary;Kayser,C_ity;S.ecretary
F Q Maleshia_Farm.'r,,•senior-Ass sWt ter Attorney
:.
SUBJECT.. =-O Nro.'205-05 t l-����(TI.F 14)
The above ref'erer�cedrditiane adopted by the pity euricii onloverrtber• 2, 1
• i t - 7744 wk ch
corttarns a cr^i�r ne_r�s error:in e'io�i 4 r�ii t� r��a�rd �o he Terrx�. IVI
was:approved.to adopt the Ordinance; correctly indicates t he temli"'lon date for the.TFTF;
of Deee�b r 3 . : S_oot on.4 0 the rd� ar�ce Teri of Cori `i:i cii sates 4 .0 x"ti:on,
date• for tLhe TIFF�of D cerxaber 3 t, 2o3 7,�The come t terirm ri tl,on. •date i D__'.ec mb.er :1,
03 .. eoTreoi�ed ordinance s aCtaehed,.Where aice no pub-licat m regit�t.t�omonts for tie_
Ordinance..please.correct the erdin,ari se:arid ptoce§s,ac.wdingly. ;
please;het me know f,ynt have and questi_QZis or fiedd `nfrmao_n
Regards;
M ales ial�.. Farrer_
. A5ststant p ity Attorney -
OFFICE CE O THE:CI'T'Y.ATT.O 1'M�'
The. ty of Fart iforth *
100''':
OINA.NCE5 -l11Z
AN 0"I AN E DES-I~N A CERTAIN -CONTI UOUS
GI o R I AREA IN THE CITY-_0V F :, o ' ' A f:�
Y KF T . t INV_. TMENT..ZONE NUMBER FOURTEEN.
CIT � -H, TA ". CRYATI 'FF � D
Di"CT RS P" 'T IE. -2bNt PROVIYDIN:- T_HzE FE TIv
NWTE_`)M� II - ; 'ION DX ES FOR.TILE Z�NE� 0TAj3bj$UjNG
A TAX INC ENT
'oR THE ZQ�N ADD
C ` 'A.ININ- o `I3E. AT`I' S l�ELATED-T `II oNE.
HEHE S the City. auncl dews:to promote tie development of land in ghat
eertam eomiguous:go o raph'c area-.ln the pity vvhieh is Qre specif cally descrxbec iii
chht pA,�• of.this O-rnanee(the ' rie"} trough:the ereatior of a,new re �restment
zone_as authorized by.and I n accordance• th tie Tai. In''dirnent Financing Act, codified
at Chip-tet- T 1 of.:the Teas Tai Cade the-1codeI') and
:WHEREAS, :the City;has :prepared P rel iminary proj ect :and,:financing plans for
the praposod Zone and pro�i*dQd a copy of,tha'se-ptaris =ta ;the governing body :of each
taxing Wt i that levies to es real :properly i_n the Zonor as.t equlred by Sectio-A
3 l t:a 3 o the ode(the ''Pry iWna'ry f1an�s"); aid
WHEREAS-,:on 6� ernbe�` 12; 4 2. the; i y ouncll held :a pub�i heari_n _
5 - . � he Zone
regardIng the-�eteatloh of the Zane and•its b.eiief is to,the-pity;and�to pto•pe'y;i:�, _ o
and afforded re4sonab�.o port city for } :1: �._gpsted persar�s:to speak fax or against
the creation of the Zoe, its boundaries,or.the concept o.f ta�c, iiotement fin
ane•nig Nand ,txi}
Owners of real property i the proposed Zone-to-pro-test inclusion bf'-their property in'the•
Z. as require =li, -Secti"o ns 3 -1;003(C_)an•� of the Code;°and
wHE—EA$ no ec of the P'ublic hca�irig was published •ln a newspaper 'Of
general: clrc- anon in the ft an air rriber ] whi--cki satisfies the• requireme atc of
- u a
Ordinance De'signati n Tax Increment Reinvestment done�N!urnbe :IF6 Ktf n,
-qty Qf vrt' o Texas'
rd�na ce 14. D-5 511,:2012
Section 3.J 1.0.03(�� of the bode that pitb� ca�on of the -rio:tiee occur not later than the
seventh d ay before the date;of the public i�c heat- ng-
NOW, T���tLF� � BE IT 4�DA���YI BY 'I!�-I� �I'TY;CQT�N�:IL ��`:
:THE���'i' FoT WITI,' ' ►, .
S otion 1
:FINDINGS.
That.after re�sewing ai nformateon before it regarding.the estabjjx hment of the
- S.-
.Zone and of r conducting a public hearing regarding the ereati; _n of the Zone::and ,ts
benefits to the �-,ity .aizd to prop-rt�y in the Zone and �ffor�ing a ireasoriable opp.ort�riity
fir (.} alb interested persons to sak for or against :the ,ci�eattori of. the ;done, its.
b,,(j dan s or the corice t of.tai Cr nerrten fzr arici.ng
and iii} owri: r f zeal property=in
the proposed Z:'n' to protest inelusian of (heir property,in the. Zone, the.pity=found
ereb r makes the follov�ing-f palings of fact
1.1. The statements and;:facts set forth in .tbe;recitals of this Ordinance are true and
correct: There dreg the ty his met tie notice -arid procedural req`fbrnents
es(ablished by the.fade:for:caseation.of rein stir ent Zone under thoi bode;
4,,2. The Zone':consists :of appro mately I 8,00 ages :0f land and the-;area., thin the
zone pis con.tiguou`s.
:e asks essenttial nff ar-,`cture to :susta Viable -develo lent ncl dl-
I .: The °�Q�i. l i ?� p 3 � ng -
but pat limited toy grater, sewer; :drainage, toads aril sidells. s th e area
conlnes to gvvu; these needs v�ll only continue to increase.
Page
Qjfflinafice X]e.s `.r4x hiefemeht Xe nvettnent Zone Dumber Fourteen
ity'4f Fort Wirth,Teas ordinance No.20505-1.1-20:12,
tA, `he carte houses tiro ma,Ior artals eIxrrently n- gativelr affected :b. heavy
eongesf an and f Io;a iog vrhxch rust be redesigned:4nd xcconstrru ted *n-order for
dev-!_P ent of the area;around these intersections: 0,6.e viable,
L51 Based on the facts het forth in �.ect ons" �.3"and-1:4 hereof;-a well as on al-1 other:
nf6miati6ai provided to 4nd/bt.kbown.by th.p C n I wvrth respect:to the area
- W_ithim the-bane and the area-i'n the v1dit it i of the:Zone- the"pity Council k e'r'eby
ends .;� : - ,:
#` hat develoPment of =the Rorie �x�l not occur so�eiy through pnvato..
investmmi n' the foreseebie fuW'
1 6, 'f`aping all facts`00 eonsideration the axea rithin the. orie suhstant al y impairs
and:arrests the-sound gr6wth-of the city and constitutes an eco orr is I *Rty iand "
=a, menace to the publze h.eai,th and _safety beoaq8o of snbstant I numbor _of
su bg it`A,-deteriorated and'-d;Qtet ot=at ng ` tr�iettir. s-; the redorriir rice of
made. uat szde r aid street "�a outs; �( faulty i t ia:oust in relation. to size,,
adequ�e,y;-aeeossibi ity and.us fulness -iv unsari tar r and insafe e ric itiions� �v)
the deterio` ton. 'of 81te and other mpravements and Y1 _condign ghat
endanger lif6 and pro-petty by firs or other pause: `' h�erefore; the _area w O"n the
ore-meb-ts the criteria for designation.af a reinvestment zone and satisfi`os the
re
quire me fits of Section 311.0o5(00):Of the
;L7; N.o "m'o.re':than thirty percent (10%). or less of he;progeny in the :done: is used
currently for residen tial purposes, ass ec f ed bar section"3 0 ofthe Code"
1...5. Accar ra ( the moat r Bent:appraisal;roll:afthe pity,the total apps is d val�xe;of
�atl taxable read biro- erty i n the.Zoti ac in ex fisting rexne5tmet:�o;ne in-the City
"0'id.—arnce Designating Tax Inc�remen''.R66'e'stmen bane Iurriber ourte n,
:city o-f Foil' larch,Texas �O�dir�ance Vo.2 5. 5-t l= l .
does no:t MOW twenty-five:porcent(25°Ion of the total appraised va lue. .f taxablc
;real property in the-C and in industrial:districts created b.}r:,the- ty, if an
DESIGNATION OFEW ZG .
-That the C-ity,,Gourd hereby des gr ato$-the Zone d:oscri din the . ou dart'
descriptar� and dep:iced xh,the map, both attached hor-oto as Exhibit ". ►" and made a
part of _this Ordina'nee for all s, "as as a re n es�rne�at zone pursu`an't ;to aid iri
aeoor+dance withi the Co.ro: -This _reitwcstment zone shall be known as "Tai Increment
Reinvaftbont Zone dumber Fourteen :City of Fort Torth, xa ."
-ZONE BOARD of DIRECTORS '
That a board of directors four the Zone ("B oAr�i"} is kiereby creaked. The Board
skull c ns st of`seven ? -members who shall settee for terms-of vsro-;(2) years each. �f
those. seven �7� rm�gibers-, each taxiri- unit other than-.Ole City that h is ppro-vd the
payzrie it 'of all .off part of the:tax i.ne-rernent pro00,od. �y,.the t riit 'into�the .tai€ it reitx ez t
fetid for the Zone :may, but:I's not required to,. ap art one 1) member to the Board.
After .each twin ;unit other than the Uty d'esigtiates to e..City either:the name:of the
nmernher that the taxing init wishes to appoint or'the fact that the taxin unit -ishes to
',
va ne tis right t- appoint a.mgem eri the p ty ounc l_shall appo nt rhatever.number of
me rib rs arc necessary to, itI_ the retxza rk n posit o son the Board-. such trie nber may
b:eriembers of the: tyauncil:
Pale,4_
Or ante D s gr ati ag Tax Zr crexnet�t;' e nve, m rat bane Numbe��Fourt n;
pity o Fait'►?forth,Texas 0e irianoe ITT;o.2G5.05�I t���1�
Section 4.
TERM.:o F ZONE.
That the m=h 11 take e 'e r imrn� that"Iy�up-gin the ada-p ion of i s ; r :finance
afid terminate r� the e-arli-er f (i) L eceznl er �3 a, 2 32 er ab eA'-Ii:er�`terrh riatio date
de i g atO,:b an ordinance adopted aftdr` 'the of f-6 t`e date f this.ordlrianc or`ii i;) the
date on. ihich AR ,project costs, tax increment'bonds and Jnteirest on "these bonds Faire
been paid or athe'rwise-,sati. fed i n sill,
Section.5: :.
DETFRMIN. ATION:OF TAX INCREMENT BASE. .
That the taxi cre ne t-base-f er the Zany s defined:by,�S ec-tiah 3�i:D 1�(�� of
Code; shill be t_he total appraised value of alI real pr pert :n e on taxable by
taxing:unit As.of Januar' 1,: 12 which is;thy yearn which the Cori wad desi,mated as a
reinvestment zone.
g doll.
TAB j C-.," YE-NT FT I
That a tax inorernent fund for the.done:(the "TW Itid" `9 horeby estAl.ished.
The T tired rx�a r'be divided vita addition :1 aeeo rats �d, spb-accounts Ault 'rued by
esalu;oz� or t-diri irtce of:the City of nc 1. :-The Tf F Fut d shall comi�st of the
:percentage-.of the tax increment, as defined by Section 31. 1 (a of the Code that each
taxing unit which lur es rI e reperty taxes in the zone, other-than.the Sty,has.elected to
e,d
eat' to the 'T`Y ': F nd pursuant to aid greern`ent,.frith the City authoAzed bar Section
Page 5
rd name t3esi:gn brig Tax Xncremenf; env 9*htlZ00 No bef Faur.teen,
City o F rt Wart,Toxc-S - 0rd-finance No,20505-1-1,20.12,
31 LOJI(ID of the bode,:plus (ii thetft_Ys contrtbut_Q a#'=ej ty-.fRve percent (.850/6) of
the ity s tax increment= a ,ref tied by ecU n 3 11. a of th;e -bode, sU j ect to a,
's
bind a eerricnt e e Uted at Ah t rri the Cit- t at led es an amouiat _o:f.le all
Y � y . p g. y
available,City fluids W.e calculat ara is has�d; �n whole or in �att,::vh.payment to or
receipt by the C.-,I of arty portion''of such tax - ' Thy:. 'CIF !Fund shall bo,
matad in an aecoornt.fit the Oep_o:s"tor'band of the pity and shall be secured In the
narir�er presrib -. y`law for Teisr-tes. eveiuen the`'Iurtdi11 be used solely
in,accord ande Wi�th S ectio� 3 l l,0-l�df rthe QQd e.
ectzon 7.
TAB JNCREMWNT AG EVMENTS. . =
That, puxsi a'' to �SecG ns 3� ;DDB. and 3 3 of the :ode, the pity N ar�ager
an d pity Attorney are hbr6y-4uthorize� to e�ept�tie and deliver, #'or and oa behalf the'
-
is ttV th done.e ty tax lirncrement-ageomerls fith'taxing in ha a e
Section S_.
. �����RA�3YY►YT�:
7`hat any portion,,section or part ofA'section of:phis ordinance is subsequentl-y
dec4ared nv i,d,: r operat=ve or rt ld fdx any reas.on by a court.of compe.ter t jur sd of o ,
the remaining po tior�s, cct ons or parts of sections;of-this:ordinance shall be and rernaifi
in full force and effect and shall not in any may b�impaired,o are ted - suoh;decis-ion.,
op,i1ion or audgr►cnt.,
Page
Ordinance M Rig'6 t"fig.Tax Increment Reiait6SAM'en`t Zane Nvm6rr Fourteen, =
City Foi=t Tvrth,Texas, ordinance X14: 1 t� 41
$otroa 9:
IMMEDIATP EFFECT.
That.this Ordinance shall take effect and in full -free and effect from acid after
tts ad6pt on,
AND IT IS-SO ORDAINED, ...
A)). PTFD AND EFFE "(,TIV-E: N ovember 12, 2 012.
APPROVED AS TO FORM AND LEGALITY
-tie -
MalesliIa F_a- er
eno r Ass i scant! tr A�toa�r�ei _
M&C; G-4 7744.
Pagel
rdinanpe ryes gnat ing Tai€,1nprement-_emvestmient bane�u
mer, au�teen
-t}of art Worth,Texas _ Ordinance I �.20505-11-2012_ ;
DESOUPTION AND.DEPIC.:TJON OF.THE ZONE
The tracts be desgate as:Tai Increment R ties:tnlent done dumber Fourteen; pity
.o f -Fartrth 'eas fora tncrement financing burp:oss ateexcted n the
;acoom a y g r : .p and are :pdr t�cuzar�y des it ed . the follow z f etes; and
boundSIG;
ega1 IDescriptona Part
Being 8-6 87 tier s;of xar d bo ated:in the 14. B6.ruiett--S. Abstrd6t No. 135, tbo.John -
Huse :urWey; Abstract: o. 702 the .B: Jan'son ur�vor, Abstract No: $ 5_; the ' Tm. T;
1Ions rr�e. Abtract No. 103,.the'John at�sam Su rvey ;bstraeT .. 3: 7x the , .
Trubble Iry y, A► sera t Igo. 15�1, the l en S.: ' ruble ur ey, Abstract I , 1. 25 and
o rey,abstract . 65:x.,Tarrant: outy, T easr ad _87 acres of Viand
b:eng rare.paxcu_arl: sczbod as fa11is:
BEI atoin at the norYires corner af;a trait of land descib.ed in:the_deed to .
Warrant :count 'V Ater ontr a Im ro meet 7Istri :u i r: one D,,
sec riled i Vo]un e,:8938.3 P'ag ,rDeed.Re0ords,T4rranf; ouz tyl Te ass
THEN E.NS9�p3 �'47'!E, a ng the north-dine:of said TC '�T I],a distariGe of 14.34'feet to
an raxzg.e o nt� o f said T W I tract; said ,point bang `the o tfivv, s.t corner .of o:t
la k , R verb end East : fee Park an addx it ion to the:City of Fort !L :orth,'Tarrant
ont Texas aeorina the` fat recdrdedri Volume, $$- $ P:a e 91 Iat;Records,
7`ar'ant at,*7 T: as _
T N. 9°_2 .5 "E alo.n the oath:l ne of said Blau ` X7 ,43 feet ass the
xao�rth ast, r er :o:f atd T p. t al: .a .d s't4nce of �,311�.�74 febt to A poi�� at the
- Y -
aufieast cone of.said B:f.ack 14; :. =
THE, �Q°37':1:.g�tE�,along tte east Inc.of saidla.c l o At` 1.13.feet pang
iron y fouk .at the southw'est corner ,of-a t-raot of land deserib.6d In- the, deed to
erd fast ': reeo`rded ire Voute t45- , °Page 10 Deea `Records, Tarrant
C"O unto/_ ` 'e s fin.alb. ad*$ta ce;of� 5 4 feet a a, SIS'' .irari rvd fa red at tie:s:ou"hwest;
�� i ,
coe f :ot 5, of -staid Bok o, sad, ;ra.n rod being tkiaihest ever o:f satd
l erb nil East tra
' ' E ;5. °-3:7'4 "E, tilting then 0th-line of said 'verla_end East tract- at 3.08.97 feet :
ass a 518'' icon hod found :�. the southeast corner_of`said - tot S,. ri-.all aistan e of
:p - - _
: to a / 1roC TOC `stall �� r1Qar-ter'4 �B�ur essO found at tae t�Qrtheas.t ox'rxer
of said lrerrd east I tract, sax. . en rad Iyng ra :the`rest line of_a tractf land
-de cr bwed Sri .the,deod :fo. t1�e Mate cif'I`e a , :recorded in Vo otne 3.643, Page'37Q� Deed
Records,Tarrant 0ourity,Texas;
-Ordinance= t loo Nr i't Fourteen,.
6ty.of F- 4: rth;UNa s
` `I N 89¢27' $" , a.d, tarice.of 348;:5 feot't a point tang in'the east l-ink of said
State ofT as tract, said paint �yi 09 ire the vc iri,e of Tract _, in the deed to.Riverband
, nve t e�nt-Ltd,.; reco-xded ti Volnrrie':I 36.81., page 3-87i �l).e'ed Records, Tarr�rtt aunty,
Texas;
' E along s 'd T
-a ract 2 west l tie-as fo.tto s:
1. X0.4°40"!�''� a distance-of�,�58.42 feet'to an �12'� iron rad- found, $aid hart xod
bei•rig�-the southwest ricer o.f a tract of a d e
a and serxed in the d: ed to thei:ty of-Fort
'L orth recorded in Voiun e 41 9,gage 5 5,Deed T ceo 'Tarxarit ounty Texas;
- T2 245"E, a distant e of :SO�95 feet:to a:Ginty of Fort-' Varth:m :riurfiet t�Tq:641-0
:feut d;
3. I So° '45" , a distance of 39M 5 feet to.an-i f 2" lion rod �stan� ed ;''.Beasley 4050
found_;;
4. 32b24f45`t-,�a distance of 1 l feet to an inverted b;eat fan ;
5.N47°25' 5" , a distar of$7.$0 feet.ta a point said point lying In the south;lane;of
Trinity B:oui 047
TH 0 42 3M 5" ; crossing said Trinity:Bouvard,Ta distance of 151.2 feet to a
concrete, i ojiumqat found.at the-south corner of't I A�:_said Rivgr enO Xavestrx�erit,
:sa`d concrete rnoriu ent,
in i n the n-xi i e'o f said City:o:f f o rt North bract;
HE N_GE'along,the west lines,of-said Tract.l A as. Row-$*v
1 N5;'1� '47'` ; a dstance of 531.60-feet to a 518" iron,xa found.;
-N3 ��0'47"� d stanc of 90. 8 :feet to a oxnt,said o nt being tie northwbst
corner.of: a o tty of fort "arch tract:and dying in 94.id$tate,•of Texas:east��ne
3, N00°40'34":E; a.dis�ta``e-of 735.86 •feet to are 112" i=ratl toy=found at the tiorthwe'st,
corner Hof said Tract I.A and Ueing fhe northeast"corner of-sa-'d state of Texas, tract_, said
rzon -being tie sou,thwc-t carrier of 6�raet,of ian� descried In (he:deed to.l�iverbend
I I td recorded in vv1�rmie 4 4,1.6 Page 240 De eeords. T�rrar:t fount
i 1, 7 J 1
Texas:and bei
`2,70 ,79 feet;a eer�tra ar gl_e of:I3°45'�1:1�� and a chord be-arin���7°31 53-"-E, X48:�3.feet
to a point•,
. T1� 3"E a.distance Hof 3-83:52 feet t a pint I.yir g i the go�tk� Ilne of Dallas
Area.Raid Tra nsit a 0 the Fort W''i h Tratisp.ortgtio i Authority TR ;
4.N62-33'55"E,
along said THE south line, a .distarico:�f X47,8� feet.to ara �1�„ iron
rod found;
5 northeas-teIy, at:,659.14 .feet pass�_ng a 5/8 �roxi rid found at an etez�or comer f
said R"verberld I- estnzent II tracts- i;all 1;502,6 feet.d1orig.a non tangent-: u�rve. o the
s ght, aving-_a-radius bf 5,619.9-5 -feet, d'ceritral angle.of I x-°09!30'° and a.6 fd'bpr a:
7 °05'48"E, 1,45:.31 feet'to a point;
THI -500°20'43"Ea at 2 :0 :feet pass-ing point at; tie northeast:cornerf said
R v rb:end uses:tent:IY t a t, at 7 '� feet passing-a point:at'the-: iojijh�v�rest Corder Of Lot
39, Blc � Ladesf River Trails, an:_addtori.,to thett}� of Fart 'Sorfh, Tarrant
Count Teas ccordl o tic Iat recorder in apt: 1. r #D 0 4 430 P .
eo M er of
Records,T�rar o nt ,-Tas a .544;$4 feet passing,:a.pQtrit=at.the south-vErest: -
I of 3-1. :o. staid oe _, said pint be - the;no'rth vest :cornu of Lit 3 ioc 2;
Lae : f:Re Tray is art adclton to the : itr:;af-Fort 'earth, Tarrant. �au�ty, Texas:
race rd,i g to the pI-at reeorde.d Sri taut ty :Clork #I 2o7.,WZ-71} Plat �R�ecords, Tartan :
bounty;Te Cos:, in all a distance of I,1 7-�g 5 feet to a,po grit'-at the northwest cornef of Lot
o s
1, Ioe 2 , aid L,aesf River rf`ras.; .
THENCE along the'orth and east-lines,of sad Lot -1 as follows
eaterl-y, 4 .8.� eet =slang a non tangent curve to the rigYt,;having a radius of
47550 fO ei a central.angle of °0 ' 7'' and hor-d baring 77°39'.04"E,47958 feet
to an 112'' iron rid,starrie 'teas :4059"
Soo°o '37"E) a distance 'f 198.98 feet to'an 1/2,0 irori-red,s.tarnped 11.seas;ley 4050"
found; :
3: S4° '� '' ? at-59._9$ assng a porrxtt the,sautheas`t corner af.s :d. :0t 1 in a�;l
-
- tatiee of:1 S`5; 5 feet,to:a'po riti at the roo t` esterl;fir southwest c;prnerr.a f�LQt!4; E leek
Lades of Rrr Trails an add to,the pity o.f;Fob .oth, Ta�nraitot Texas
_.. '
acardxn to tie plat recorded ri Countylerl #D0538451 Plat Records; Tarxant
County,-Texas#
THENCE along`` e:rest lines 122 pis:fall vv .
I S-68°l`7'44' a,dlstatice-of 39.9 feet to an ;1 r2�� -iron ro_d starizped "Beasley.405 "
M . .
:found,at;the mast;southerly souther;es earnter of`sai:d Lot 4
2. 840° 1i52�,E� a
di-, of 106. 4 feet�to an tl2� �o,n rod sp- d '' easlery0.5 "
Or'diname D_es 6xiatir�g Tax Increment Reirwestthent Zone:Number Fou teen,
City of Fort Worth,Texas.
ound,-.
.. `sautherl; , : 8. 5 fe,e, along .a curved 'the left, k�a ng �a rod:us -of 3:87.25
central an le a#'.10°12'0711 aid a:cord beg ng
$ay° 7'5611E.68.56£oet to ain 1 2 =iron rod
-. :g,
stained 'ieasl 454" foUn.d at the sauhrest carved Lot 1, of :aid Block , :said
point I}ing in saxelitY,of Fart Vorth north line;
`11E easterly ;along said north:ii e, 469.22 fOet alor a ,non targe t etzrvo to tihe
rx k�a�v;n a radius -f•2 43;04 feet, a o6ritr; 1 an"1e. of 13-°-0'3•�" ar�d a-obo:rd bed' •'
N$3° 3'S6�"E- 46$::19 feet.fo a point,
'TI N TS9°3 continuing along said nQr h-1x ,e a s a ep-of.1 540-89 feet to a
,..
l r o dot 13 :I31ock 0 La os ;of: Vey Trails; arl
Po"int; from vyti the _southeast Coi-rie _f -
a dlt%oil:to tie. fit of Fart` ai l"-;",T--.,�it�Count .,fe a :according :the pJat-reeor�ed
ri abine A, Sl :7556, Plat Reeo�..Tarrant CouritYy Texas hears�g9°3.3 30 T 67.24
foot-
1/2":E E 5 1'1$" a :distance of 1 Z.o oo feet.to an ��2" ir'on'' rid f�un�i at �lne
northoast corner.of said Tra `l '^sa°-d o in1:x. in_ in-said Cit of Fart' art :south line;
x .. .. Y g
TI ' E X3004$�' , an east"-ine of said Traet 2; a distance:off 1,44 . :3 feet_to a p.o nt,;
TEIE S9°2. 32"E,:carz.ir�uing along said east lie; at 3.38.-54 feet passing a 51$'' iron
rod:fourcl.at the nartv�res comer of.Lot 49, Bloch ', Rider Tra1s.A.ddttlon-, an addition
to
the fit of Fort opt T
Worth
arrant our�ty; Texas ccarding' to tae plat..,-recorded n-
J r ;
Cabinet ,:Slide 4.6? z Pia Re-eords, :Tarrant Jaunty, Texas; in all a dzstance of 5.26,4
feet to a point.at the southeast,garner of`said Lo.t 9,rsaid.p.o fit b e.ing 1ho rierthv rest cor�n,er.
ock 22 of sail er Thais Add':t_on
THE :aoig tae toih,;east-:and youth i es of said.Lot 1 as f6llor:s:
. $ °4 '05". a.d s an _of,134.:x.9 feet to-a- o r►t
oet ton r�on tan ent c�u�ve to-the left havin is.radius of 50 0o
2. eastot! 157 -o f a g=a- g a
feet, a central :angle -af'1.79°':54'14" :arid a chord ear��g 5-80°4.2'4.8"-�:, feet to a
point;
:E, a distance of 269,18 feet to-a polnt; -
4. Sag°16'55" ►T?a distant-Q of 115X00 feet to a point
5. 5:13°54'4.9'iE,a:dlstrie f 1 07.37 feet to a:p:oin
6.: So7°3.6'0 "E,a distance of:9;x.42_:feet to a porit
7..50;x°1. '5:5"�?Cl,:a lstance of�0.:0o feet to a point;
ordinance-e hating 'a Increment�Reinvestmeut done Nuniber Fourt�&n,
C tiy:o`f. or,worth,Texas.
r$42 1'09" � a-distance of 78-:11 feet-to.a point;
9 south esterl' 7$,53 feet along a t oil tangent curve to the leff, having,a-ra lbs.of
50.;0o feet; ce oral arigie of 8 ° 9'27"and achord-b�'4ring:` `4 165 9" iT,, X0.71 e t to a
p
in
141 S85044` 1 I :�a distance 'of i 64,4,6 .feet to a poi;�� at the southwest corner of said ;P.
Lot 1 r-
, said point being the northwest cattier - t 1, 81-ck� �4, o said River Trails,
Addt-ori;and lzig iti said-Tract 2 east
line;.
THEN Qt-S-11"50-3411, along;said Tract,2 east line, a:distance of 151.17 feet to a o-nt at
the.so.xth.coder said U. t l t'or� hxch aw 112'f iron ro.d found at an.4ngle poin of aid::
'Tract 2 bears S210.56t34llE'3 9:1`3:feet; =
THENCE S80"4315. 'E, along th,south line of said Block 2�, a di-stance of 1,879'00 Feet
to a paint;
MENU &asterly.,;206,20 'foot 'Al a taon tangent. ���- to the, left, ha-ft"" a radius of
3:966.0 feet, a oentral angle of o2°58'44".end a-ehoid beat=zng S 8 2 O 1'-'E .17 feet
to-;a point at the southeast carrier of Lot 1 2,:of said Block
THE. ��54°12'41" , a distance o :o,o feet.:to a point t}ring ire the 'east�l�ine� of said
g �a Tral�ls Add tlon,=from;�vvhich ati 112'` iron hod found at the southeast co.t-ner of said
Rcr Trails Aditia scat-s S�0'5°59`20"Vii 42.99 feet `
THENCE easterly, 287.4 feet along a non tang o cuzve to the deft, aVing'a radius .of
,7 ? 43 `cet,a cetrl angle of o5Q57`oS'r and a chord la:oarin S$7°2 '4I"E, 2.87,33 feet
:te,a port
T VX0% N8;963-1`37, a,distance of 114.5$ feet to an 112" iron rod found at the
n-orthyvest corner of.Lo.t.4: Block 31,3 Lakes of River Trails S.qt th,.ari addition tp the t,ky=
of Fart`worth, Tarrant Count Te as according to-the. !at:recorded-in ab.' et-A. Sit,e
: ; 9 -Flat Records,Tarrant .ouftty;Texas;
THENCE S00°17'0: " ,-at 291. 1 feet passing 1/2" iron rod._g a' eel " easley��4O,
found at the soutliNest:corner.of Lot 2,block 1.0, of sadke of Riven Trails S'viuth, said
iron rod lien the-�art est comef of Ilot 3,Bloch 1 o, n.all a:d stariee of 791:06 feet�to a
g b, i - _ ,
paint at tie soutlivest carrier of dot 12Iac ,10, Lades of Rer Traas 5�ou:th, an
:addrtto to they of`FortLlot , Tarrantony3 Teas: _dn to 'theIat:recorded
in Cabinet A 5l:de ?6 3,, :lot ec ids 'Tarrant or tY. Te as said pqi,,t being the
northwest.corir�er of fax 41#: ioc 1 2-i Lakes: f diver Trails -nth are:;ad�ltiori to the -t.y
of Far`t Tort , TatTarlt ou:i ty; T bas accordit g to.,the pl at recorded `ti:Cabi=net A, S-fide
8493,Na Records,'-arrant Cou�ilt�!,�oxft5.;
THENCE:along tie n rth 1 tines of s a1 d Lot.�41 as fo i logs
'Ord inga p6 Desigriating'I ax Xnoretffent kein iesttn6nt Zone Dumber Fourteen,
City,o f Flirt�rortn,,Texas
NW3212!IE5 a distance of 8-A2 feet;
1. S'02'004'0,5"E_,a;:distaxice-of 29,.57:fcet to a nt;
S76'03V2--.Q:"F±.. a d*stanc_�Of 4.5,0 feet to a point;
4 8034 gyp' '�� a:d stance of.10.-$0feet to a aint;
5..I!89 92 657''F,a distance of
1.04 feet to.A poirnt
6. S _0° 2'21" ;a distance a '26,1-5 feet to'a o tat,
7,,:588:°3737"E,a_distance 6f,4,;72 feet to a point;
$:�0O°4�1'57" a distance.of 12.16 feet to.a_ o rat
�9�.:N.$87' -5� y � a dtstan_cc of 4.40.felt to
a points:
0. _00006 32"E, a dis:tarice :f 36.29 fe6t-to a p=o r t�
11, S S7° 3' 7'IE,-a distance o=f,4.33 f'ee to aoxnt;
12: SQ QQ'S7",E,a :stane of {515 feet to a Nint;
1:3. S9°5 �44'� ,, a list n.ce of 4,4.0 feet to a point;
1-4.:50 ;° 9129"E,-a:d stance of 10.85 -&et-to a-point; = _
15. 55:52 ,2,57.7.a dLganice of 52-2--,.f��t to a p� �t
s -:
55.5°46`1811 a,distance.of 52.555 feet:ta a polrit,
1 T S 55°24`.1 TI E,a distance of 70:09 feet to a p,o=xnt
1$,, 555036'32" a distance-�f 42,9.� foot to a post'
19. N °34' '�E, a d gtance of 4..79 feet to a poi
24. S56007'02'E,a-di tarnce of.11:56 feet to a point; _
25. Sao°1Y30k!W,-:a distia ice of4.77 feet to a point;
2 .;5-5404W 16''�.E, a-di-stan66.4 24-.54 feet to a paint;
27, $76032'24" ;,.a distance of 14,7 'feet a a p.Qirit;
28, No9P45'05"E, a Ist'ance of 4.81 feet'to,a point
29,
S, _8'5 ,3��Sta�lGe of 11.: 3 feet to
30. 13:° 4' 1''E, a distance of.25.`2-feet to a point;
31.N806 -42 -E a dicta a of 1X0.53 feet to a par t;
32. N$.99-1212"E� a distance of l7; feet to a point;
So °27148"87 a distance-of 2.01.78 feet to a pa'n'e;
34.-S45a27'4819 a di:star ce of ,4$feet to'a point;
3S.N8"03-21 TT `a digtariGe of 395.60 feet to a point;
3-6..:5Q0O27r4&`E- .a distance of 137.61 'feat to._a,..o,tnt;
37R 'E; a di tanee of 140:03 feet to-a;point;
$. easterly,3977 feet,_afar g:a.curve d;tie lets, havTAg-a radius a 'S.o.. ; feet; a cent ai
angle of 45= 34'2 " ant a chord bearing 880°48'3 " 8.73 feet to a poiri
: °0.1'1:9"E a distance of 14 : 6 feet to a point;
40..sbutheasterly,55.9,3 fees_along a curve'to the left, having a radius of`33-2-55.00-feet, a
r
ccntrai �.nge of l °.02':l o"aril a chord banng53 . 2''2 =�� S .S feet:to a point
41_ so thea tie iy, 47::5 feet along a or tangoot curve�to t�h:e to hav_i;i g a rad 5 of
5,0--00 feed; a e ntrai .atzgle 4 5402 `OO`' at�d a chord: ar ng 3 �4_S' 7',' , 45.74 feet to a
point
42.1 58 �8"E? a d istance,of x,$ '.73 feet to-a.paint at the rjortheast:c,orner of said dot
4ls paid po:ir t i =p 1 tihe-e's;t lin�f P-reginet Line:Road
THENCE Soy° 2'4 " along the east llne of said Lat_ 41; a distance of 36.84 feet to a
point;
Ord'in-ance Deignai n$,Tax Increment-Reinvemeaf ZQri.e;Nvmber Foorteen,
pity 0 f Fort North}Texas
THENCE $00022'11 1W, continuing along said ;east Imp a d stan:c:p�of 728.60 feet to. a
ant at the southeast oM, of sa Lot�-1 staid p :i t`l r g iri the rior peas-liri .f a traot
f land described iii the deed to Kenneth Allen. 1:al,-cecord:e in V.ol ri e 8; gage 3 �
Deed Records,Tarrant fount},Texas;
THENCE 54°;58'..4.1.'E of one=said northeast lino;a distance.of�:�.1 o feet„to a poIrit at'the
tl r Bast co ear:of said Allen 't.
TI- E Tong the east lines.of said Allen-tract as:follows:
1, 506,0$''29 tip;=a dista,-r ce a.f 7 _5..77 feet to'a.pointy
2: ou:therlr, 627.09 fete;along-a_curve.to the right,having a'radius o'f'2;331. 0 feet, a
.central an gle of 150"4 50” and a.chord bearing SV'47'54"W,625-.20 Meet to a poi s
3 X, 3:0'1.9''W a stark �f 5 5 1 foes to- a,point at .the south_ ast coiner of s;aid
Al;M tract 4 d p;o rA� n-g-,the northeast o-_or-of ma,tract T twirl:des-cri bed'in.the,:d-e-Od to
JC-891 acid 11 MCOMM.. I Volume 6251, Page 2421_ Deed eoads, Taz-ratlt bounty,
Texas and said point l:y�ng�n the s�utn banl�of th6 Tnni;ty -ver,
THENCE alorig.the om_rrtan lfines of said..Allen and Raridol,tracts as`follobis.
l, N66°.52'I 1"W, a di's tdn"&;of 480.50 feet;to a point
_� N49a44'1.1'Vw' :a distance of 14:9 fly feet to a point;
3. N3742 �1.1 � ,:a distance of 1 09.$.0 feet to a point;
40
N23°11'11.11W:a distance of , .3. feet to a port;
5.Mr,58`1 I"W, a listance Hof 15'8:1 feel t pointy
- a.
. N06°-02'11"W3:a distance of 151-10 feet to.a po'r't;
7: i'0161 2'T 111W -.a a stance of 122..5,0 fe 1 to a pain;
$. -:4$0:36'11 lW, a,dsta'n,ce of 77.5 'foot to a pori,t
582°0-0`49"Wy a dls'tance of 191.60 feet to a point;
1.-0 M7017 a distance o f 245:So-fo to:a po'1�it_;
11.N93°D a p�3'11''W;a distance of 161..10 feot to oint
12.I�`65`°54!11"W, a-distance of 246.3 _-'fe A'to a"Point;
rdinane D=esignatinb Tax=Increxetefnvstent, rye-: [urnbrurte �i,
Git :of F6ft Wofth-Texas
1, S3° tJ`11 ' ]` a di's:tanee of 1-45.50 feet to;.a point;
14; N17031'1VW -a digtanee of 474 10 feet to a point
:. 1.5:N26°1649"E,-a distance-of 72.90 feet,to a ' 6" t
16.N_65045'49" "a d' f 163 A0 feet to- -a porn
1'7.-N36"0249". �:d s�anee of�oD.-1 0 feet:t- a paints
15, 63-Z40 :a;distaiaee,of580 feet to a point;
19:NO3'° 8'I i'' distance of 5,0::9 feet to a pdint,
20.N523.8` 1'' , a istance of71.70 feet to.a-poxrit
2-L M7.0S'11 I V., a_distanoe of 34'�.2o feet'to � peint ;
22. 52202.249"W, a distance of 7130 feet to a point;
23. 5;$°2o'4 'tw,:a distance of'245'.30 feet to a p_0"Ott.
24.,-578,059'49"W_ a dista'n'ce of 168,20 feet Ito as pp n t
25. S$s°40'49"W,:a distance of 0.90'feet'to a poi n�;
26::N$ � 5"1 i 11w� 6 distance of 7 ;40 feet to�Polt�t
27. S'52aO14 1 W,-, a-distance of 13'2:60 feet to a point;:
,8. S2°o4� 9" T; distance of 43-4o fe't to a point;
29..53.4°32'4O"W, a distance of 1,88.. 0 feet to a point; :.
30. 577°25'4 " � a di tans of 39 :2o feet to aL-point at t1w ,most southerly southwest
corner.o=f paid A1�_en
tract, s-a1"d p i? t:to ng the no-rthwpst furrier of said Randot tract, said
point lying iii tYie east=lir e_T' of 2, " ,the-duo . to '. o. Fer us,o.Tuts recorded in
volume.6184,Page 4-6, Deed Records,Tarrant County,TeXas
THENCE, °Z3':'11" T, a c ista ce of 591 81 feed, to point for the :m ost northerly
$euthv est cax- et`of-said Allen tract;
THEN E N8�°:3-6 "E, along,s,aid-Allen tract, a distance.of:1:41:08:feet to a,p�.nt,
THEX'E NOS°23'11 f ; a;-distance of 193.53 fe6t tv a point ly.i g 1n sowb line.of sa
urteegr a i g ax In reme�t Reir v � en Z¢ne Nambe Fordin nee M91 n
City f'Fort worth,T`e�tas
Tract. , from v-b-icb the.southeast,carrier-of said Trabt 2 bears-.X89°31'3 8I`E_51,6:x30-feet;
THNOV,along tk X . - s fJOW8.E
]:Nz 8 95-910 9..' . distance. T 3:6-..3 feet to a.point;
.NIII 1' 4" , a stance of 460.24 feed to a point;
3.4 S S0°29'01'W., a distance of 2S$.,2. '8 feet to nt;
4. 9015.6'48'' ,, a distance.of 14. 8 feet to a poln ;
5: x$79.54'16"W,�a-;dxstat�.c'e of 97L.95 feet to a:Poit t
6. N-69 18'48"W',:a d.istanoe of 357,13 feet to:a of t
7, N0Z° 1`S- " f.a d'i'stance o-f 1 X07 1.3 9 feet to a�po�nt;
$. 92 3042,0.1"W ,a di:staoo. of 148,.04 feet to a: -o-ant;
9. N49°23'47V, a&� tdiice'of 1.94.42 feet to a point,
10. S8$° 5'47"'?riT; a distance of:2�10'27 feet,.to.ar poi-nt
-11. 52.6'30'49�(W,,.a distance of 264.09 feet to.a poifit
12. S29°53'45"W q distance of 272:10 feet to a p�irit� :_
13. S86q-14' 1"W, a4 tan e of 4-17.61 feet to A Po:ir`4;,
14. N27°-19'04"Wip a distance of 3.48-.35 feet to:a .a nt
15, 32 5 58:E;:_a distance of:382:69.feet to aoint.;
16. 58934 `� a-a-dist�.nice:of'22 :02:feet'to a po`irit
17.1 .63°5'6'01" 1,;a distance of 75 :35;-feet to a point;
4` 3'5- W, -of 274.-05-feet to a paint;$: 3 .
t 9. 24032`'55' .� a distance_of�3.6:2 :feet to a point;
20.'S8 903 105 �a distance of-48-5,15 feet to a point;
21. 5000-.3'-491 a.d-istance,of 407.27 feet to a point:
ordinance I3e g atirig Tax Inc, iRierit Re nvestmen done Number F:ortrtee'n, =
City-Cif `o t Worth,Toros
22�. �550 -3s14T-'a distance of:65.,02 feet to a paint;'said poirf� l, iri-the no
line -
of a tract of lm described in =tle deedo 'S4�-illarn Garvey Z`rst, recorded �t -Vo`Ium
_83 72.;Tage 544, Deed Recdr ds Tarrant GauntY Teas,
23.,1N87°5 '29',. a 4"stdistance 117,91-feeto.a point;
24,NI-N' 2915029"W,-a-d i sta.n ee.of 224.10 feet:to a.p_o.nt;
25..17639' " l, a distance of 1554o feet to.a point;
.N 727' 9"W,a,distance of 145.2 �,feet to a 1" rei rod found;
17..N-6-39.2,5-1 0 t YY,,q distanCQ"of 1 .7 feet to; �r Iron.rod fol,ll d-I
2.8:N.509 :4'29` ,;-a distance of 51;50 'e to a.1" 1rai�rod found;
29. N 1 °5.:4'29«' ',a distance of'74.90,feet to a ;ai`nt
i�5�44�3 ��:E,a distance of-:t 0.6�feet to a po rif;
31..:5`89°271'3.X`'- I,a.di stai�ee of 3 88-.79 feet to.it -iron rod found,;
32. So�0'2212.9"�P;i distance of 1, 73.4 feet to a paint;
,33, S,72°49'56"W, a dista L'of 106'. feet to a point;
-34-. S47013.�5.2"' V,:a distance of 236:2$feet to a point;
3-5: S0$°3o'2o"WV,a distance of 36:93 feet to a point;
365 7039'x.,2,"E, a distance.of 34 :54 feet , point;
3I. S35° 2'48"E a distance o .30 feet t a Point.-
• r T
3$.S62°1�' ;:a dstarieef 9.77,feet to a-point,
3-9 N7 7°=55'29'x , :a distance.o_f 99-.20 feet.to a :oin 0
40ds,00.00 8'17 E,,a distance of 96.41 feet to a point;
41: S0063025"E, a distancc of 1-32-7 t,Q-feet.to a,point;
4 . 5.04°- 5'29" ', a:di slaice of S i 4-3- 5, feet to ait
43, S.-$902-_8' 9"VSO-, a 'stance=of 738'M feet to a point at the east c:or ier of'a.tfac-t.of
_land descrihe -as.Tract Ij a; in the deed to .B�u_ecreek, Ync., recorded in vol
_:u- t 17-7.1,,
" rd n nce 1'.esignating Tax Znerement Re nV�sment Zone Number Fourteen,
City of bit W, h;Texas
Page 237, Deed Regards;Tarrant�osnty,Texas; _
T. EN E SS:S°; 9'44 �?�J, a :distance of X25-:-8 f'ee to_a point a the s uth corner of :aid
-Tr
aet 11- ;
T1 tN E S6:1° i'45'' V� a i,s a ce; of 3. 5.33 . e.e Ao �a point at the south ast coni c-of
'ra t Z:I=A? f-said..Blue"ee.k tract
THINE $°30'23""a atong the South 1ne of laid�Tra�etI,A a distance of 25 .00 feet
to
-H --61°56'4o" LI caritinu ng ato�g sa'd south a dxsta ice of 41 feet 1 a
. .. -. -
point, said point:betrig the southwest coiner.of :a d 'tact I1lA and lag rig 'the southeast
.darner, 'of a.tract of land �d,esc-0a i ri :the de.e.d to ,R:iv�rbend. East Y, I��., ,rec,Ord�ci 111
o-un C1oK #..D�20408.861ZZ-T)ee4 ReeQrds:, Tarr`ar t �,o�ar t s Texas; from Which a 515."
frond,found iii tieiorth bar f the.` 'rnit River bears X03°24'34" 299,37 feet;
THINE along the south lne of.sadiverena .t.I'traet as fo-llos:
5`2.°Q8{3611W a tdi�stance- of 26.4.04 :feeet to a point for the -south eozner of said
Riv:-bend E,ak Y tract;
. north res�erl y; at 0,5-,-68 feet .pass rig ' .518t l:ro god�stamped "ANN' fatur�d in the
north-bah
of the Tri_n t :River; in all art arc, isfanee of 1-04 5'.$:o feet along a doll tarige at
cue- :t, the Left; having a ra -iusf 14 :3 feet, a central angle of 49.° '32" arnd .a
chard beanrig JN 559.9_14"W
L3 632816d to:a -oint:y
3: N!9°49'-4--_0`W at 395-:I�,feet passing a 5�8�; iron zod stamp�� 'r�NA" fau�rld at floe
southwest c,orri r: #'sa Riverbe d fast l str-aet sa' 'iron od,b ii the:southeast:gori er
of sold T ' Vr3 in all "r .all,a dlsfance;of 490.57 feet to a: a_xnit at th:e s�o _the5,t corer
p.
of laid,T :W D:tract;
T'H-N:CPE Noa°22;31" V along the��rest line of said T0W D tract, a distance of 188.55
a
feet to-the -o-int of b gxnning coma ni_9 9-56:987 acres o f land,
. _ _
The hearings=re ite reQh,are.oriented to AD:$3 Teas a:r'b et tred Zone,:
Legal ,.I3�scxiptvn -Part 2
Being 930;965 acres of laud o-sated- ip,the: rr�..Burris;S-Utveyi .Abstract Na: 1210 the Wl:
=rad;shav Siirve- A:bstract o.. X3:6: the R. Marton �5:�ie.�;= A�b tract Na:; I7 tl?e �S,
? �i ,
o 'rail } bs:traet X0.:.3 the �ohii Hu t Surve: bstraet :No-, 7QQ, the J 1.
t ,,'04V0y� A 3 4, A- -. -
e Alps t No; 855 (he J
Haynes Suirve , Al st`:act No.. -789, the, JAI. Johnson Sur�v-y, �rac .,
Overton Survey, Abstract No. 119, , (he VnC T ra mrqdt S-urWey, Abstract Itiler 15491
the Allen Trimble Su��ve: bstra t Ufa. 15 - and the-;G�. ' filso,n,'Surve.�-, A►hstract o.
!, .. __ . Y
166-, T'arrartoantyi Texas, Said3D'..- 05: 4cres of land b.eing amore part`c.ularly
rd`riaricees► tng'T`a ,increment_R�tnvestmhtotie Number Firth,
pity.�`Fort` Iart ,.'T'.om,
descrih-ed as follars _
B)HUINN at a pp-hit ling in the east 1" of Lat 13, B,�oGI� 8, fakes of River Tralls
-outh., an addition tv=the Ci:� of -t earth,iTarrartt duti_t; , Texas, ae.cordln to the lat
Y g p
recorded in cabinet A;- lido.8483,,Plat_1kecor-ds., Tarrant County, Texas, from yvh'ich an
i1 _'' iron'rod s,tam ed "B:easle 40,5-&i found.at•the(southeast corner•of said L;ot 13 bears
S- 5j '''4v x'5.68 feet, aid point lying in.the�v st.line-of '-re'I'' Line Ra
- - a:
THEW,E N05°5811 111E al 24.12 feel Passing, an 1127" iron rod found :at the northeast
eorneri of;said. Lot 13,--said iron-rod. being the'�eutheast ca�aex o#': ot.1 Pjwk ; Lakes
i-y. - - -of River Trails South, -an addition --to`.:�the ,pity of Fort V�artla; Tarrant Count�� Texas,
accordin to tie lat recorded its abiriet A. . 1ie S 158 Plat Records 'I'a ._a tou'nt
p ._. . _ �. _ ,- . _ _. _. _ rr r� _ y
Texas, aI1 dzs#a ice o.f'7 4:35 fee-t to a Point at-the southeast_co,--- ,of L t 145 310
7 Lakes ;ofi:ver Tral:sou,t ; {ari ad; xtfari to the pity of fort worth, Tarrantourty,
Texas-, according:to the plat to.0orded ' ri Cabinet A., '8I de' 76 3, Plat Records, Tarrant
'Cauay Teas'}
Tt ENCE_northerly along the east line:af-said 131o•ck.7; 2-2::88 fol et; `aloe'-g .a 0 urVe to the
-
I:ei , hang a rad`is _of 1..,3:SD. f'et, a:central angle a f: 7 5. '-5 " irid a chord bearing
No3°D:0'Y; " ?'4 1,I feet to an 11 �' rron road stamped "Beasley 4050' und Ding in the
east:,line_of Lot :lck 7, Lakes of River Tralsauth�-fin:addit'on,t -.the c" ty°of Fort
forth, Tarrant 0a-unto!; Texas, according-to the plat-recorded' in CA`Qt A, =Slide-,59-88,
Plat Records,Tarrant o nty,Tep(as
THENCE N FD58'38"W, continuing along said -Blo_ck 7 .east-.line, a .distance of 393:$5
feet ;to a point-.:1.y,1ng in the north Iine af'R ver Trails Boulevard, Lakes _o.f kivez:Trails
r
S0U an addition-6 the City of Fort-worth,7prrant•C,ount,'' Texas, according to tk e-plat
recorded=in_Q.-4 net-A. Aide-6909: Plat Records. T—rant�Qo-ij( Teas said nt� 'ti
_ _.. t. _ _.., y _ p Y_.-9' .
in s,dd P:recinc: 'Lrifte Road we t Brie;
TRENCE_ I1.3°06'3;8"W alo ng,said Nest line- a distance of:296.:76 feet to a point
THrEN E nvrtheriy,_,90.93 feet=along a curve to the right. having a radius,of
;1 $.65 f :ot central n' I:'..of 1.2_0,0'�1-6:"acid cord ear ri o °07'1 'fV�l o:. feet
.'S9 _e.. , a -.:a g- _ ar _ _
to-a:point y r g:�n the east,line,of Lot �, to l I.,, R W.r'Irraiis Addition, an yid-ffl,lm to _
the. 4 f of Fort: ;ofth Tarrant ouri y, 'Te as, aceordi r�:g.to .fhe Plat recorded he Whet
A,-Slide.55517,Plat Records?Tarrant County,Texas; =
THENCE 1°o7'a9"W; a1oi the comrrion Brie of sajd B,lok 1 a d Preoirotine
- .. _ _.- -- -.
load a distance of= : 8. 4 feet to a gait ty
east-��ine of dot 2 , Bl ,o `1.; River
P
Trails-Add�it one, an add ft tof:the Cit .of Fort Tort ; Tyr tit; —y-, e as, a -ard t g
to the-plat•recorded in A t A)'S '-de 3 517 :Plat Recor�s�Tarrant C:eutnty,
THENCE northwesterly, 140.76. feet. along a ;curare to ;the left, having .a radius iof
lo _Oto fret, a cntal;angle:of 5`35`,4'Q " and.a.ckord beam N28°o- '1 ''- V 9,oG.4 felt
to :p-a; t_lying in tho no:rthea§t:.line of Lot; ,: Rook 3 7,of's�aid:River Trails Addition;
:Q dui ince Designating-Tt,Y I.cr"to t Re nir�strii�r t-��ne.�l�mber Fo�rt�en;
pity or Fort rth,Texas .
THENU N5'5001'14"W' T cdntinu rig along:sai_d precinct Une Ro44.West line :a d stance
of 41 6:46 feet. to a poitit'at -the =southeast comer of Lot 5, Bbodk A; .R ver 'Trails .AI1
.Storage Addition; -n addition to tie pity a:f Fort `a1=th, Tarrant aunty, Texas_;
according.-to t`he I-t r_ecord_ed in aunt A, S1ide 106,12, Plat Records, Tarrant Courit
- - Y,
Ted as
THENCE�alotig;the south and west.lines of said Block As.fo lie vs
1: : 8 °3:5'og"W; a distance of 1,3 4.-23 #'eet to a point :at thesouthwest corner of
B_iack A
21 N0 °1.x'1 ".E, a distance=of 594;93 feed to a Ponta
: ortheriy� 1,83;57 feet along, a t o n #a-gent curve .to -the .lefty having a:radius of
L094.00.40 feet, central angle of_0087'57" and a:bord bear r g No4°2H!51"E 183:35 -feet
-to.a poin
4, °2 '�_ " a distance }of l 9.95 feet Ito an 12�` zt`on rod faun:d bent at the
t o thr sr;.eorrier o f=dot 1,:of said-to'k._A,-sand on rod being the horthea t career:af=loot
13,. Bao:ck' 15, River Trails Addition, .an addition to City of Fort 'Worth, Tarrant
bounty, Texas, according to the plat :recorded . _b'net:Ai -Slide 1478., Plat ;Regords,
: -
Tarrarit(ourit�;Texas;
THENQE M9°35'40"W. :a�istarice of 565:43 feet.to a 518'' iron rah stamped "-Ser p -o-11
-fo4nd at.a=it `arigti pQi_t Iy�'irig in t ie r ot:tih line of L-t.23, 83 6k 1,.River Trai=ls Addition,
an _addi=tion to' the: pity of :fort �? ' th Tarrant .County Texas according to the plat
'recorded tl Vol- me-3-58=191; Page 44 Plat Resod ;Tarrant County,Texas;
THE :along ;the nrti Hies of'said diver Trails Aaidiori and the sth limes of
TrYrfit_;Bowl evard;as fo Uvvs
1. $5447' - " ; =a.distance o f'-3:11=.-0=1 feet'to an 112. iron-ro.d found at the northeast
}
corner of,dot-14 of said Block 1 a
2. v�esterly,. 1 x=8.00 feat along a non tang_ent curve to the .r� ht, :1iav_i g a:radius of
X03.5 0 feet; a=central an of�_6°�&'�8";and a cho rd
bearing;&86�133 0 '
'�, '1�7..43 feet
an _122 f iron rid fourrd fn tie.noff .lire of said Lot 14;
_ 3. S8903 T 1_ -"'U ', a distance of L 107-32 feet to a :518" iron rod stain ed .'Sempeo"
P
found xn the north liref_La-t 3,-B lock 2,of`said R=der Trails Addition,-
-416 WesW 1, �_.5-7'f6et,,a1on' g,a.c.urv_e to-the right, haring-a rand is of 1,13 6.3 8$-e.
central=angYe of 1 °34'00" and-a chord,I-ea'ng`r85°05'48' -2,9."B feet to-a point lying
in the north.lire- f :ot ofsad Bock •
-- - ,.
rd n nce D-es gi a rig Tai increrrz"t 1 e0* tiriierit Zooid Number P6 irteen,
G tier.of Fad#'WOA-h Teas
5. x_85°34 43"' a i`stance of'66 .$:l feet to a:point rig in then rth .l:r .f�.L.o,t 4R,
Blo* 2, River Trails Addition. ,an addition to the pity o fort ' 'ortli� Tairrarit County,
Texas,:according to the plat recorded in Voiu_m� -.88-:19.2,_Page 56-, Plat Records,Tarrant
County,Teas,said point lying in th�'south me.-of a trao-t:af tand.d.eser:a-ed-in fhe,deed to
the = tY of FortV'orth, recorded =in Vaiume 4119, Wage 53.5; ed Records 'Tarrant
Tibias;
TIt CE - 903711' " , at l.0; 4 feet,passing an 1 2't iron ro.d found at the northwest
cot-ri`er a said Lit 4R ..t all :a .distance of 2'7 `.23 feet to an i'12'' 'iron rod found at the
nortiheast.: oxner of a tr=act of land deseri .ed at. Tract 2, i`n the ''deed to Rverbenc
In estmerit Ltd,, zeeorded in V-0- 3 81, :Pago 3'$7, Deed Reeord.s-, Tarrant County,
THENCE-N 002-1'18'' ti l, dross n`g said City of Fort`worth tract; a distance of 1 0.5 feet
to:a point lying iri the north I' of said_ City of Port Worth.tract, said point lying_::I the
south fine of loot i 3, 81-o k. Q, Lakes of River Trails, an ad4itiop Q thf ' y of Fort
North,;Tarrant County,Texas; according:to theeptat�roeo�rdeci ina inet A, Aide 755 ,, .
PlAt Records,Tarraw County- ,Teas, -
TINGE N8 °38' 7 , alo ng the north Tine of-said City o:f Fort oith tract,--.a distance
of 1)37%' -5 feet to an 12''' :iron
rod found .at the sout �nrest eozrer of Lot - Bak 8,
f - _ - - -
La �s of R rear Trails, an addition the =city of Font, 1of th,_ Tairrant Count:;TeXas;
. _ - - _:
according.to the plat arecorded in CAin:et A, 1-de 5983,, 'Plat Records, Taitarit - ourity,
T kas
T INCE N,89°3:8' 2"E; continuing along said north :lxne� a distance of 1 :8 .r9�9 feet to
an UZI `Orl rod found at .the most easterly=south�eSt corner of Lot 49, Block l_, of said
Lakes;of iWer Ttailsy
THENCE aleng,the east and north lines of said Uiock .1 as':foltows
1. N54° `42" , a distance of �37 feet:to a=point a the southeast comer of said Lot
49.;.
I N441547142-11 V, a distarieo-:of 186.77 feet,to a:point;at the northeast corner of said.�:ot
49;
3, nortesfierlypr36 feet along-a'non tangent�curo to'the left; haying a radius of
, soD'feet,a c�ri�ral;ang�e,of4°47' '' and a,chord bearing N46°2.7'06"'YY, 9.. 0'feet to a_
Po. at:the soutieas:t corner of Lot 4$
NHS:°S3`a8:"' , a ds"tame:of 318. 6 feet to a point at the southeast corner of Lot 4 ;
5.Nod°21' $"W a dsace of 202 t 7 feet to:a.point at-the southeast-comer o Lot 3 6
6: 17 .1' 5" , a,distaric of 1.x:6..23 feet t an 112" iron roci found at the :southeast
ordinance Designating Texncrnaen 'Reinstmen Zone Number Fourteen,
ty.af F0 rt W� h,Texas
comdf of Lot 34,of said..Bloc,j.;
7: 2 ° 3'01" a a d stance of 1- .2 feet to a point at the.ea9t corner of Lot 31,
S, N45Q2540"W a distance of 36-'.96 Feet to a po rit at t ie-north carrier of said Lot 31:
�9,N5-2°41145:i'W? a dIsta-e of 64.72 feet to a poirnt at the north corner of Lot-�:o,
10;IPSO°3.1 " , a 4's ar�ee of 60. 7$6.eto:a paint at:the nQ�rth cder of Lot9_
1 t:N55 39'.0 " , a distance f X0:9 feet to a po nt t the north corner of :at ;
12.N61 47't3" dirt ri Qf 1 feet ta,a point at-the�iorth d n-r of Lot 26.;
13.NO� H,'fl4" a distance of feet to a point 1y 4.in the north Iine 6f'Lot 24;;
1=4 �N`Oj3,6'SO`fW -a di:sta Ce of 54,4,9 feet to a taint y in said I of a north-line;
5..N7$cl 15`68'}w_, distance-0 7�1 feet to��o�r�t at_.the north.carne of paid_,LQt 2=0;
1 :. _S65°3.1_.'16"Wj a .distance of-50.219 feet. to an 112!' xro i rod found at the hi.
so�itherly:. ortheast_earner of Lot,197 ot'said B.ick 1
N.SO006'58"W,.at 60.97 feet passing-a point at the_northeast cox r of Lot 5 1oe
7, of said yak s.o:f Rider Trails,,in .a1I-a idistance',of 897: 3 feet 'to a point at.the,noz(h
corner of Lot I -of said.Block 7;
'I I E S83Q 1 D2"Ti T, at 1.77 feet passing a po-int .at'the.nortk east_corner of Lot ` ,
Bl.oc 1.2 Lades Hof River rails a W&tion to the Cit� of F'ort orh? Tarranit bounty)
. ,- _ T , _ Y
Texas aeco dz to the - .Iat ireeo ded it ' as rieti A S-1i :9733, P!4( Reeoids; Tarrant
- -a _ n ;. _p - .
Qjotmty; Te as ire Al a di tarice �f 46.65 feed o are l2" iron roct fQ W at the r�arthwest
corner.of
THENCE,a on he east I of said W'21 ;as folio crs:
1. 908017"54"W a dlstah' d of 64.16 feet to a paint;
2. S46-02449"E, a-distance;of 98.-59 feet to a point;
. sa-utheasterly, 186; 9 feet al-Oag A ndh tangent�eurVe..�to.the left, having a radius of
5 feet, a tr nt al at�g e f -1 °4 `09 atnd a chord B art g 5 =°1 'S3�'E;.951t feet to a
Pen ;
4: °0 �5 S'' a a distance-of7..$4 feet to a point;
5:.;S . °531021". , a d s ariee of 11 Mo f eet:to a ;o nt; _
ord trance.-I3eUg0:at ng Tax'ncremen a nvestmpht Zane ffiber=Faurteen,
City. f Fats`warty,Teas
S,8-09o,G!-58`E a di stance.-of t--00.:'00 feet to a,pb'"Tit;
7. o o �1 ��_2 a distance of 13.-7 6 feet tea-pbintt;
.�N7HQ0 '270(tt a distance of 11- ,4 feet to:a
Pon,
g. so.utheasterty, 275`. 1 feet-4�or g;a pion tangent e rve o ho left tia�vx.rig_a:;radius e-f
555 :fe- t�.a central angle:of :°_ l" aid;akzar bearing :f° 7'. ",E, 7 .OS fee-t to
1,0. 840°2=1 3 ;:a distance of 4;4q feet to a,pozn-t
11 849°38,266.--a di_star�ce-of 1 10.9E feet to a'A 1/ "iron rod found;
12. S40° 1'34'!E, a distance of'110, 0 feet to a point of the southeast.eoarie of safd Lot
21, said .iron rod bung the 9 ut�v�rest o��ner of Lot 9, Bloch 6, =of s-ax�d, L;*es of River_
Trails re-orde_d ri, ab` iet A,S1 c 5953:;
THEN- along the sah dines of-said Lot 21 as follows:
L 5, 4903$1 6-'' ; a clistanee of 5.41;:feet t a ato
2. �sou'thw.e--terl r, $,�4.1 feet, aiatig a-eurvc to the riglrit,having a radius of P5 00 feet,
a eentral angle of 1 0627%'' and a chord bear ng 5.��5 ': ,0" -5.31 .feet to.a point of
corr�pound curve" to-:the right having ::a:radius of 275,0-Q feet and a central angle of
3, 19471-1911;
3. W. st'.. aler�g tKe arc,:a distane��.f 15 .57 feet�t, a point;
4. S S°- 7l09" , a d"stance.of 3 04:1 feet to a point;
5res,ter 3$198 feet; along a cave :to the rightaivrig a radius of,2.7.5;00 feet, a
��
central,angle fPOI.14 V and a chord bearing N94°: 3 31"W"3.5.9.5 feet to a point:;
. N7 °5 f 53" ; a di stah°ee:oT 63..59 feet to''a'point;
7 r steel- 46.97 feet :aeon- a cui;Ve to :tide Left ha _n a adigs of 325.00 feet; a
central;angle of.08° 7 16"and= chord bearing 184°,03'31"W 46;W fep't to a.point;
8�. °a7':0.9��' ;a distance of x:'58.76 feet to a point;
westerly, X--2:49 feet, alonng a curve to _the right, having .a radius .o f{4'�5.--0 feet-, a
central angle of 28° '3 "' and a.chord: earin F74°o5'51'-IW_ 3 .17 feet to 4-point;
1 o N60Q 4`3-3''W a d stariee of 83-.4810.0 to.a: oint
Ord'nance Des gr at ng'Tax Increment .esnve fz ent vne- uml ear Four-# eri,
ity. fort worth,,Texas
1. nQrhwesterly, 74.$3_feet,'alonfg a curve,to:the:deft#having a radius of 52S:o0 feet, a'
- _
.central arigl-e of off°1 '-01" and. a chard bea�ng�N64a09!34'VLF 74.77 f�bf to a paint lyin
the east lne o a:re ai;�der portion of Tract I.B.B, of,sa`d'Riverbe d 1' vestrilent, :Ltd-
tract;
TIrE C easy, u i and we sides of=,sate r ma .ider ort on as fo- avv.s:
1- S2 tP4512611W,a digtanoe of 171;06 feet,to a:`point.at the-south we;4 earner of Lot 1.6,
lak 1�, fakes of ixve .'Trails, an addition to the of fortU'orth, Tarrant bounty,
Tekas, -aceardxfig:to the plat _recorded in Cabinet A; Slide: 9-608 Peat Records,°Tari ar t
' ti
bounty, 'TcXo, said poi. t y g .gin the north- dine :of L=it ; Block 111 Lakes, of River
Tr ls� an addition to the O t�:of Fort�orth�T�rra��bounty;Texas,.according to tk�e plat
reeord.od.in Cabinet A, SI:de 7453,Plat,R.ecojrds,TaxTantauity Teas;
-2 X59 Q51 tOTV a distance,of 51,70 feet-to an angle point=in L6.t 4,of said.B1oek 11
I N77026 20'' ,a distance-of 237.42 feet to a atigie point:in Lat 8,of'said Bloch 11
4 IS �'41"'�?V a distance,of 29 . 9 feeto:_a :ang�point=at the northoast comer of
Lot 4, Block 1 , of said:Lakes:of Ri
fe t-7 a eoritral angle of 3:8°53',36" and-' chord bearing. N7
$°S '25" , 3:3.29 feet to a
point;,
8. NO8ci 1:9�1_d�'-.�; a d sta�nee of �.Q6:�5 feet to a point '�t the north�nrest.corner_,of said
Lot_21,said point b:eing-the.northeast coy air 0:#`L ot 22,-of said Block :1
THENCE 83,Q24171W a distance- o-f 'x-9 feet to an angle poi°nt.lying iri :the north
If ne of Lo.t 32,_of said Block ?:x
THENCE N78POITV .a distance' of 191.6 6 feet .to ate angle po ni l:yi`n i 'the north
H. of Lot.x:43 of said Blo_G 12;
THENCE_� 4°04'31."
$ , at:1 .1.9 feet passigg a point_at the no hv�est corn r of sal I.:at
34, at 0-07 feet passing a point at'th0:northea:st earner.of Lot 67,.91ock 22-; of said Lakes
of River-Trails,=recard:ed in O'Ni-t.A, l de 9733, in :811'a' i`stance of 72.21 feet to an
angle paint lying in the north fine oaf-said ,Lot:67
THtNC`8'along the,north I rie of said_Block as foll:o vs
t, N8V39'15"�, a dis_tarice.of x.96.14 feed to- -angle po rif lying:in thenorth line of
'21 N9°25`28'W a distance of 139: 3 feet to ate angle point lying i'n the worth line of
Lot 61.5
. :N8,66.54'l4ftW :a distance:o_f 583.'8' -feet to a point at,the northeast corner f Lot 59,
Block-22, Lakes o.f �rer`I`ra_ts,- ari addition to the City of Fart �rVorth, Tararit County,
Teas,facordn�g to the plat recorded i- :abnet A; Side 113I I; Ptah tec,ords, ` `arrant
County,Teas
4. S.8.1°51'I_Pf a d1-li' of.5.0.47-_feet to a.point at the north lest rr�er of said Lot
593
S. ste�rl 1: 9:33 'fed.along. a :nazi t:arigent curve to the 1e: , having ;a-radius of
5 15,;83 feet; ;e.e n l . _87°37O _„ � 189.3: feet o f o 5S4 a n h'"d �e g tral an 'g
to.a point'Iying Ifil the north line-of Lot 5.5
. esterl'y x;9.8;:$9 feet along a non tangeflt ctx e to the lei, haling a radius�of
-. -. _ _. .- t.-.
:5;61 S;$.7:feet.; a central:arigi_e of Q3°02'S$'t ar�_d a: hia=d b_earirig 58541 T43"W, 29 .$6 feet
to, a:p-om y.ipg.,i n:thy north 1i ri a o-f Lo.t 4.9 y
7. X8.80'2 8 5-" , a dis_tarice:,of:12.9.4.feet to a point_at the:northeast carrier of Lot 4S
8. °1 a3:3 ' V_, a distance of X0.97 feet to a point At tike.northwest corner o`f said Lot
s&MOO I]e gna0n T x Increment Rei:nweAtrnerit done Nuip r -irte:en,
My o:ti,Teas
9.883°31'5?" , a distance of 42;52 feet to a pQ rit. ng�in the north line of'Lot 47
14 Vvestertyf 4845 feet Tong a non taigentrve to -the left, .having a .radius 'of
5,620..-8.3 feet, cite-M angle of 04053'SZ" and�a chord b.ea hig X7'9°5.9'35"'�I', 45�..�4 felt
to a paint at the nog h rest canner:of 't 39, said point lyi.ga in the- est tine of said Traet
1B
THENCE N00P20�43." , a r
1., 7. 4 feet:passri an 1/2" iron rad found,in al,l a;distaefG feed to a ,oi-n _a :
tie :northeast earner of a tract of `arid desrb.ed r ,lie deed to. `exas; Iridust .es,
.r..ecord6d -in.Vet-ut iie X5784, P age 475, 'Deed etrords; Tarrant Count-y, Texas,, hard paint
lyiri to the west 1i ate of Southo ►.oQd Dne;
dis tr ct ds:-at� o 0
T EIN0 :SO0929 34f1E; ale,n. 'the east line of;-said Texas Irk us a
-I,114. 0 feet'to an 112`iron.ro0 stamped i'Brlta n & Cranford" faurid at the:sau#h:east
corner:of Skid Texas Yndust es track; I d iron rod. 1y n.9,iii said Trx rilty B ob".1e`r_ard north,
line;
THEM IH9°, 5' 4'E; a dstariec of 72.37 feet to a point at tieou`thv►�ost_orner,af Lot :
:.1 Work 4 B,el1 16110. tef Indust"a Park ari addition.to the Oty of Fart 'earth t ?. , _ s
aunt} 'Texas, acGO_rd ng-to the p-at recorded;in VwJuMe 3S8-1.28 Fade 11�'Mat records,
Tura r t Qcuot T:ema_s;
THENCE N88*3:926"E, a16q t1te south=litre of, -a:d Lot 1� a distance, 1-,=165,..09 feet.-to a
point, from which an 5/:" irate Tod stamped "Q,4�tex-3urgess" found at tie sou theas�
corner of said:L;ot;1 beats I $°3 "E 32..-.53 ft.
THENCE S01°2 '34TE a d� tar�ce of 1 - feet a-a _oin. at th0 ar ast corner f Lit
-1'B�1o_6k 1,Tri y Befit Gardens; an addition to:the' Ity.of Fort Worth,-Tarrant .�.ounty
Texaa, -'ac 00r ing tc .the plat recorded in County �t-erk #I) 1 Q.6 7-8, '�'a�Tat�t: ��urity
THENCE SO 10 I 0'.2:3"E;-41-ohs the east line o f sta i d-L. i_ a d lsta ,c:e of'71_'U6 feet to:a
Po W.:at the southeast eort er:of sad_Lot;1, said p04.t ly r e 1n do rfh dine.Qf a ,tract of
'hand ;descr ed tie deed to 'I'ai rit- Ac ui,sif ofts IAd' recoirded 1ri curity 1_er
#MOS2'o85S, ,faced e drds au antCpu ny Teas;
THENE lon ate earth d nes f sand Tarrant l&oq l`Boris tract 4s fa How
s_
x;8:5°53-X3.4' 'a distance�of 1..,690.04 f6ot .to an. ll2" zron,.rod starmp.ed '',-Britain .&
Crawford'" found,
2.; -00°35'.3:6"_E; a distance'of 420A feet to a point;
3, distance of 1,0 5 feet to oirit lying� i said north ling,:fierri an 1-
1/2" iron rod found -at the northeast corner of._said Tarrant Acqu�s t o-n tract h-ears
, ' . ,1.E 1315;44. feet, said point bri g -tie sou hwesf oarne f a tract of land
dose b d k ':the deed to e Oty- a:f Torso moo-r-dod 1A �T614nie 3-4 5 P age 2�5 D o d
R;ecards Tarrant= o tnt Teas arid' said b r t 1, ':ri i %-thc. bst line of�a.I -_"t of laid
ya = .. p g -
esdcr bed �n the deed to fort 'forth Said anal Gravcl ampar y# Inc.=,re a *d ti .iurne
d: - _
13:3=3,,Page 4,Deed Rego ds,Tarrant o` r asa
THENCE Si Oo�1$'52„- s along staid hest line,astarice of 2;419,34 feet to a poir�;ting
'in the south Ut e of said°Tarrant Acc 1 itiaris
o d n _t ce I]es eat n Tai Inoremont Re..oVesk�i' nt done Num�adr 1F.r een,.
1 t .Q Frt rth,'Teas.
THENO �Along-the said Tarrant Acquis'16'ns-south lines
as f ttov�rs;
. S89'4 55' ; -distance of.i 99:06 feet to a paint,.;fxom' l'oh_a� =�12'' iron.ta.d
fo.uhd at the;sbutheast corner of s-a'd T acraht Acquisitions traet bears N99642'55='IE
1348 feet;
2. $-01611'.31't ,--a dis.tanec of X43:2-:feet to a po bat
3.' 89° 2'1 "VV, a-dista.�:ee ,f 208;.89.feet to a pe,ilit;
4R _ 1°11'31."` a Al s0-ixce of 417;7S feet to an 112'' rQ rod-sta:roped "B r to n
C-rawfofd►:found
.
$90. 2�1 �� � a distance of 452.11 feet to an 12'' xrori rod stamped "Brita'n
far ford' f6u.d
01°11'4411E,:a d i stance of 659.2 Q-,feet to a poi tit 7
7.S99942'.5-"WI a distance.of 1;3: 6.67 feed to ar .1 2" iron rod d.-:
°4�k 19'" ,ad s# ice of, 952.7 feet to a point; _
9:S '°59� 7'-��' ', a dis-tar�ee'of`7oo,76 feet to.a print;
10. N00 640'47', a distance.of 30745-feet to a po nt8 S.11. 9°12'.5 6"W5 a dis`tace:of 1032,fe :t .a pint;
1 D°47' 4" ; a distance o:f.1 1 . .50 feot.'to. p. irit
1-3. 890 12'56" ', at 15 -S feetast.gn :X 1 ". ori rod star:p.cd "Britain
Crawford" found:at .265.3 felt.passing an 112" iron:tod.st-amped "B:�ita�n &; r�v��ord"
found in-4.1 a:d-wanee f 89'L feet to a poi�it:
14. Oo°4-7'0.41"". a d�ista.rice o f 1,5 - 41 feet to a po r t;
1.5. N:S 3°t 7'04" ,'a dl stancef - S-. S feet to a po :t;
16,.SO4 2.. a distance of 4:55,89 feet to a point;
17. 553012_-56"Wl,.:a&stanice-of x-03.47 feet to a point;
1:8. N3 8 047'04".W. a d stance f 93 7 :feet to a paint;
9.:NZS 40,'4 '! a d tanee of 997.38 :feet: to a. c.oi n 5� ke-found, at the rriast
ordinance D signat in Tax tnc ment R eifiv
ost 6 n.t Zorn Nti ribd fbikp en;
itY-uf art' ►forth;Te'its
n rtherly southW st oraer of said T�arxant Ao-qu s Lions tract;
T C t X8- LET, a d-st nc f 7 47 fi t to the po nt f e inri2r , containing
-93•0 965r acres of land,;
The.bearings:recited hereon are or'ented to AI)S3 Texas North Ccntr I.Zone.
At the n�eaxir g interested persons are entitled ttd. p:A or pjres;ein. "Vid'ce for or against
the d s gnat n of these'traits; as Tax rierement. emvestment Zobb Number Fourteen,
City of Fort;Worth-Texas, the b��ndanes.�f`the reinves�rnerit bane, andlor tie concept of
tax lncrexnenriarictng.
For a d ti riai 44 anon, contact pity of Fort Worth H pis;* and EcQwmi,c
D.evelopmerit Department by telepl�ori:e at S x 7=392-7540 or in -r rriio at, ;cit r of Fort
is r true aF arid Econ i m t,
.Fort Wffi,Tetras 761026
Or&nance'Des_gnat n 'Tai InGtexrierit 0,inv'68tinenk one dumber F6brt6e'n
itiy f FordV:o rth;Tex►s
1 vf Fowt .Wort
h TO)eos-
Iml
.
r1 :0 u 00i 0. u
U 'jrC_".-,',. tiOn
-.-.ayo,.r a 0 0�
F*
kK
DATE: . Nlon..,y, No.wOm er iZ, 2012 'REF N N Q-4774.4
L :O'NAM-E. 1.717TlF14�'STAOUSE-i
" ondu�t Pubic.Hari'rgr�d.Adept odnance;.Esablish:ing Tic Incri�ne,rt Ieirrestrent done Nur+nber
F66rteon� City of Fart orth Texas-, T ON"ty.Lakos TfF(COUNCIL 18 T�` .c 4)
REt,16M IENDATIO
IN
It recur i _ended th=,1hp City oar,;cii
1. Held a p:ib.lic-h.ean g:�oncernin,g the.designa.,n of Tait �nc�ement 1��inve-,-..m nt:done Numbed
PPPOeen, CRY of Fort Wgrthl Toxa:s� �fo�-tax inpr9mon;t finonci.n u1 a sl
} =R R ,and
2. Adopt the.attached ordinance.deslgr atin ,-Tak`Increment Reinvestment Z6hO Number FdurbJ60. City of
Fort rt ,Tea , ur cant-te Qha for 32 1 of the To as Tax.�C�de and cdr�tainin $ edif c f ndir�; s of fact
p. - -- p
i h support thereof
+Sr-�r�=-+r.-.T--r-= r�_ -_- _- _. _ '�:c - r-i�ti _-`Ysn�i _h..--�^-- __-•-dFf�- -_ _ _ r _ -.
DISCUSSION - -
The proposed Tax tncr ent RO nves m'e,nt Zone Number Faurteon :City of Fort 1�Iorth, Teas-, mane
cpmmenty referred to as fhe-Trim L kes TtF, is focafedn a rocimate ;8 acresf land in
pp Y
ncrtat:Fort orth_ The ro o ,s&nera i ,toundd b the Triiit a1i�r Esc rss THE` rani ling to
the�n 11 fhe Tr�n�f Rive to-the s6i th > eii S` �r Road'Ito`fhe `8i a .d Loo- .i82 fo the�tirest.The enact
y' r... .p n, .p ,
houncar�es of,th_o property art described in Exhibit:A df the attached ordirtance.
T :e ra :o-s:ed Tf di trict ,s b:e�n considered arde onan-ce- :ublic infra-t uc ur i - -e:vOrrfonts in the
p P s g �n r t f p. r t np:r
area suc as ulic jm ravernen.ts to arte ials Trinit:: Boulevard an,d Precinct Line Road- the Trinit
Trails�s� item v-a �-oi`n s� h"- a tr"nsit ,m rove exits �t:ib_fEC rkiri faci-[it«s la d ac u�s�t�-on and
,!! - _ . _g . a_ p m. p-- R _ _ q _.
ether T1F-olig�iale costs to h l _ r�.c ura a redevelopment:fin I. Tr�nay Lakes arear. Th.e.ord�nan�e
r vides that tftli co _'tribute Sa ereen;t of lts #ax indremert.to the'Ti F district:each ear the-TI F
dis r�ct'is. in existence.Tf�`e IF di trio v iii a :.ire cry CSece iaer 03 or n eafri ei�date as of hicl till
t y t p. .. -
p(Ov pt:costs have been paid in full.
P.er Chapfer 3'i''#:;of the Texas Ta_x Cede.lTex lr�crertieht Financing, .... p lX hearing is requira'd to
_ ': • i r- 4-,establish a T1F district. N ti.ce of this pubfic h�ea it g v�ras.d_'M� d� 6,the governt.r g laody of each ta�cin�,
unit h le- ies ea' o rt ayes an r ert I caked (thin'th-e• ro used T[F-district and ubli;s-hed in a
rat _ r - l:per , =y t pop. Y�p - r - p -.- .. p _
now S, a er of ��neral c rc,ulat on a .lea:st seen da s, rior f o t ips me:et�ng.
p -p ... - - --Y p _
The proposed area,m% eets the briteria for�oe igpquor _as a reinvestment zone,-pufisuant to the Ta d
Wel ed Fi aid ia.r e!: un ro uctiv due to
�rcement Financing Act;_teause the area �s dpdorde o, - - _ Y, p
insutfdent infrastructure. Thes-e cnar�io'teristios prevent evelopm:en from m,c;urring in the,area,so[el_y
hr h 6 .a.e inV&E tment i-��the reason-ab( foreseeable future fh-us sub,stanti ll:- I'm ai:r n ir�d::arrestin
t,T_aug p =v t Y Y p g
7 r
tie 5oun.d:groWthi,of the-City;.
NEWS VIE"
Qgna xie 1717TIF.14��T:A�I�I��i Page 1 0�'
The propQed TlF d.istrts I aated_jn-COUNCIL alTlIGT 4,
FISCAL A RT FiCAYiN�
The F_i ianc�a M r�agemOrit Services Dlrec er c �kifies that thl act1oh-will have no mat'-r W effect an City
flood.s. . . - - -
FUNt),.CeN7`ER :
TO.Fund/AccountlCcritcrs FROM.Fund/Account/Centers
- -_
CERTIF:IATEN _
Submitted for...C;tY,im6n-,OWS Office b Fernarcic Costar (61 22.)
r inatIn -be �artrr�ent.Head; hapa �5 � }
Margurlte Allen (23 �
Additional Informatidntontact: Robert Sturns. x$ :43}
Lb j o anie: 171 MF 1-4ESTA13LISH Page 2,af 2
3
ORDIN:ANNE NO,20505 4.,im2.
A ORD AN'CE D.ESIG. IN A :C RT YN CO 'TX JQU
IC AREA.`YN'`U_—CITY QF FORT-WOjqff A "TAX
MEET :REES'T !IENT :QNE- ITJBEYJSTEE ,
; 00-A- ��CY of I00 ORTHTEXAS".- CREATW A R�
D ECT :RS I`OR `I'I�E 'ZO-N-E• 'I`VE E -'�'X.
:ATD TEVIITT 'Tol TIE - E- ES'TA3 F
A TAB IICRE�VIT `IJI S: oR 'I'VE -E
CO NT- 00TUtrR MATTER$ RELATED.To TIM - -
:.
''V"V EREA , the City Council;desires�to�przomo�e thq_ - r-`n end r� that
-,
certain cots. .Qus e a hie aria,gin tie 'fit v�rh sfi' - crbed in
--. - g gar-.P '
E h"bit"A'_of this:-Ordinance -the +'�QXI._ throb � _ �" _F ,�1eW z���aWe�trnent
2-06C as au k on ed b a n ocordance i t .- a ' Qr :t F r anc%rig Aet; eodi fiW
-at-Cha ter 31 of the Texas Tax Co e: �s■j'ylje o. a
[
��HE�R�EAS� the -its has :� = r�"�. -��y praj�c`t aid�fn�nc�ng plans fo_r
tf►e proposed Zone 0d 01- _ thosens t the goeritr�g body of each
:
taxi uri t that =, . ; r . In the Zoge as re Wred by Si ec on
_ :i y
31 :: 3`b of; 'e'' .1 �:' 4m
:ember 12, hCit Co ol hed a ubic� head ng
Qne and:its benef s to e: it i and to;property in the Rorie
ord; ;on ce Opp -tun it fa-x Vii} Ali n erected ers =ns to'speak for�or•aggln M.
=t �: a i'':�r-a�f the •one,ats.boundares..or tie scot�:cept of tai rr0bJ_ex��,finar ci ng axxd (ii)
.
qW 'ers of reel property-in the r posed'Zorn to protest-ine!usion of their propo ty in the
Z-0 ; a = wired;by S,ect�Qr s:I L-00,3(c)aq! }of tie C. and
"'MIKAS; wti ce of tbo, pu"lie he ri'g .v as -ubltshed inane :spa aer of
fi ner: circulation to the ,by:on :overnber 4, 0 2, w,.h ch satis -cs=the r qu,rem nt of
ord'ina m—1 Designa-jv Tax Increment R_0j-6v0 Mibht=Zon6 Nutiibdt,Voute611, Page I of-7
! it ,o' o Worth,Texas Ordinance.No.20505�4-1X20:]2
Section 3 1.a43i } o,f theod thattcatiai , f the notice occur nod liter "than' the"
8 V d ay before th0 date of the�aliblic-hearing;
NOW THE)tV-V0,' �, B� IT` (�RDAI �� $'k'' '�H� �I'�`� ���J �I� OF
'C`I ' F FORT WORTHI TEXAS �-
.$eCtion I.
,T{INDI"NG$,
`T-gat after• revte r ig all nfa tiori before t r_r - a� -shrnerit of the,
r :
0 ne and =after eot&-Q.ting a b1i l ie firing a of the :one .and Its
' t ?
benefits to the City and to praperty t _t -c ng a:r asona�l e a po iii t:
for all intereste persons to s f . - r _st t ;creati_en of done; its
_ - 1. n ow r o ea pro' ert n
ouridanes er- the cottc t:;of t'»: T-en ��•naicing a d i ryes f r 1 .
the proposed ore too �: ? -- therropert in thee, the City Count
-hereby cr akes.the-f n f�dt of fact:
et Earth ri' the rectasf this ordinance art "true and
~ ;More, the City has met the nat'ce and procedural regtrements
�r -
1 37
�e ta. b the Code for�.creattdn of a reinvestment"zone ender the C_ode.
- _done consists of;appr_o znatety i,,'90-0. acres -of la' �.n� the area �iit�in the..
zef?e is canjguo4s.
1..3. _T'k. one lacks essential infrastructure to s s a n viable deve c r ent nOuding
but riot. l;in'red fo; water; _seve- drainage; roads acid serallfs. s the area
;meo roues to.grov�rI these needs W, 1 only:continue to iriaease:
Ordinampe:Designating Tax"Inereme4t R:e i nveitpt t Zone Numbet fourteeri, ft e 2.6f 7
r of Fflrt ]Vortla�`I` xas ird n4not Na.20505 1 t 2 .1
1
1. . The Z6n'e' hous-es two major arterials . ren I r begat rel r affe ed, bar hea
congestion and. flooding which rhiist be r'des geed and re onstru ted n order far
-develapnlent of the-area around these intersect ris tQ -AI a e.
Based on the fads sit,forth in. ecions 1,.3 and ;hereof; as a on all other
J`dQ mafi•on provided'Co.and/or kno�rr1 b the City Counci1 w�
within done and the -are a�n the �citf te. ne fh .� r
.-
- - � -�_*� _�;_ ate
:finals that do�ielo merit of the nrie will not oeeu�c i : =o: ``
itivest nent in-the foreseeable,future. t -
1.6. T Ong 411 facts i n,t.o_consi-d_e-•rati-o- n, the.�:r, -_ - tan_t.ally m •
pairs
and arrst tho'sound gravvth-of'ffie City•arty�. ;'tt. r':;. .emie:l�azlitiy and
_ _ ,t..
menace d the ul l c health an a's-i�bstantial nurrilaer of
-_
i�
substandard; deteriorated an - =etc = c:ues .iYj the-predominance ❑f
u e's dr _ts= (iix:} fault.lot layout in reatto to s
inadeq at- .x _al _ _ T�• ._. • y-:.:. �?• ize
ode:(]i ae, acres :1 h, ;`s ens-; i;r} unsa it66 and �un8af e conditions; {
the :detery of = ht3 other improvements.; and (vi andti`ons that
y hen he
:etdn - `]y ire or other Cau$e, Therfare,;the areart t
> -
r re. rs z tiek`a: fdr `designation of a reinvestrne4t zozie acid satisfies the
re "-i - f -eet:ox�:311 005 a}/i/ }of.the y e.
tb` ercet t �Io 'or less of the ro crt in the done `s used
rrertir Cdrese'rital' urpo-5e5; a spe.cxfe b Secfin 3= 10. of tie. ace.
:1 5. .ccardzr' t 'the most recent:appraisal roll of'the,Cl;t r, the total a,ppra�s d'v lue of
alb to ab a real prepertyi in the Zone anal in e�z`A9 re-nves:tn erit on s x fhe C .t:
- - - ■
Iola,r ce Des gria rig Tai Zncr r cent e ids`men Zone Nurriher Fo rte n•, Page 3:af
_- _ - 'Ordirianao 1Vo.20505-i11-2012
City of4rt oYtk,Tes
does note exo6ed :twenty,ftve perecnt (25°/9)of•the t0ta1-appt-a sed 'Val 6.of tax,able
read. provert.y Jn tho City and zn ndust istricts O_reated by the itY;.ff
DESIGNATz0_N'o irk ZONES
What the `ptyounci hierey designates the Rorie Jeri ; :h.
-
� -•t is�E_,•' '-T� _'`'• r
descrxon and doctd Sri.'tie map, both attach&d beteto as r:. -1 _
= y's r a
:part of this ord:nne for aii purposes, as a z: investrri-` t - - t.'to and in
' .
accord a ce s z th ttie Code: : This reinvestmbnf on=_ ' X11 �� _ _ a�-�`Ta
_ JY[ -_77 _
i.
en�r�st =fitrie" umbr Fauteeni ftf
F-OWCTORSO
Y.
. 4
:Thati a l�o'ird of ryes,. - "= o a�r ", x s"her ebb cre ate,d.. ' `hc Board
... _
shall:consist of s � `e _r b� n= r a shall serve far•t�i~ms_of two (2. )"years:earth. Of
. 4•x5' Sr•fir •-f:. r s ". -
tes ,= eer_r ?e ors tax unit offer than Elie dirt t�iat has a roYed the
_. - j -.y
-en = ;:a y L the tai •increment:pCOucd by thenxt into the'tax `incrcrnent
zi= c n, .ut is not requ
SOedo n 4.
TESL.
That the Zone shall take effect�M modia e y,upon the ad_Q�ption o€this rdiriance
and ermE hate on _th`e ear,1,e. of Decenzher 3I, X037 or:an earlier tempi pat on date
. desY •r
gna ed-by an ordinance, :ado opted after.the effective date Hof this 0rd�ha, i the
P r - .
date:on whleh all fro eet cots; tax ncr_errzent bonds and interest :on F - nds.fi e
-- . :., -
b& paid or oft-two"se-.satisfied in foil.
: ERt1nA'TY ' I F`I`
That the tax ncr6nient=base for th r- _ y_ ` li $et o 1: 1 c of the
Code, .siWl he ifie total'ap�Oraised ue ko - -l ro ert r in the Zono taxable by .a
ti
tax ng n as 4f Jarivar 1 ' ' ye-Ar•in which the•Zone eras designated-as a
x
reinve8tment zone.
& tinn
_ I' -` I ;CRENT FIJNII:
- `-- 1'cremeni fund -for the Zpne (the "Tip' Fund") 's hereby establfished-:
may be divided -*nto -dditi:onal 'accounts:_arid dub-aooewts•authorized by
rasa i�:or ordinance of-the City Council. The TIF Pund shall consist of () the
; ercer�ta a of they increment3 as'ref ned b-y Secti;o.n i. a °the:fade, ghat each
tax_n tit vvhch Iev:es reelroertr taxed its the Rorie,other than,thetty;has elected to
d.e�d sate to -the TIF l�end ursuant-to -ail-a�greem;ent wi h the City. by Section
Or-dtnn!e�esl - at%rig Tax Increnier�t R'nue terit,_Zone=N�rrib'e Fou�t�eri� Page�bf 7
Cy Batt art#i,Tecasrdinane,Ia. QS-
•r
of'the oe, p:lus. il the Clty's ;contribution -of: hty-=firexnt X55°�0 of
the � tt}�'s tax InCarexraent, as defined b Seoticn 3 I �a� :of the Cade; subj ec ton
b nd p .agree�rierit executed at any tii-ine by tho-,QJ that l;ed e :an 4M,-Gnt of legally
4,va Xablo pity•. whose. calmlAt on is based 'r v hol: r ire part, n payrnpqt W oi
r ce t the Cdr of an pbit" of such tax increr en . The 'TIC F :X b -.
Rl
Y , _
manlat�_ed in a�n ,a r� the str f .; y aihal
- : . - ccou t at h _d -po - ak . th -
- e-
aner rescrib:ed b- lai for exas citi
sV on 9.
I4 MEDIATE C'T'.
That this 0,rd riarice shall tale,.effect and be in full.farce rand effect f Om`and after
its adoption.
AND IT t$80 0"AI E-I
ADAPTED AND EFFECTIVE:November 12 2 _
APPROVED AS TO R l r AND LEGALITY
L
it
wldhia- - e
S en o r:Ass'is-wit City A tt.me,
M .G17744
- _
r�inance Des`'ignat"'T-ox Incre�uent Re'trivestii�ent Zone 1` umb r F rteen, Pale-?�f 7
t of rt. }ar�#h,Texas Ord narriee No.20505- I2.;
EXHIBIT "B"
PROJECT PLAN
i
Tarrant Regional Water District Participation Agreement
Trinity Lakes TIF
Page 8
Tax Increment Reinvestment Zone Number Fourteen
City of Fort Worth, Texas
(Trinity Lakes T1F)
Project and Financing Plans
February 5, 2013
!. Background and Introduction
Tax increment financing .(TIF) is an economic development tool authorized by Chapter 311 of
the Texas Tax Code by which local governments can publicly finance needed structural and
infrastructure improvements in order to promote new development or redevelopment within a
defined area called a reinvestment zone. TIF districts may be established by municipalities or
counties as long as an area meets certain conditions, as set forth in Exhibit "A".
At the time an area is designated as a reinvestment zone, the existing total taxable value of
real property in the zone is identified and designated as the "base value". As new investment
is made within the TIF district, total taxable value of the area begins to rise. The difference
between the taxable value and the base value is considered the "increment'. Participating
taxing entities may deposit all, a predetermined portion, or none of the incremental taxes in a
designated TIF district fund for the purpose of financing the planning, design, construction, or
acquisition of public improvements within the TIF district. All taxing units that levy taxes within
the zone will continue to receive tax revenues derived from the base value, whether or not the
taxing jurisdiction chooses to participate.
TIF districts are not infinite and do have a set term. The TIF district will end on the earlier of
(1) the termination date included in the ordinance that established the zone; or (2) the date on
which all project costs have been paid in full. Any revenues remaining in the TIF district fund
after the dissolution of the TIF will be returned to each participating taxing units in a pro rata
fashion.
Each TIF district is governed by a TIF board of directors made up of five to fifteen members,
appointed by those taxing jurisdictions that participate in the TIF district and the county or
municipality that created the zone. The TIF board of directors oversees improvements to the
area and may choose to dedicate TIF district funds to reimburse developers for public
improvements.
At the time of publication, the City of Fort Worth has ten active TIF districts: Speedway,
Downtown, Southside, Riverfront, North Tarrant Parkway, Lancaster, Trinity River Vision, Lone
Star, East Berry Renaissance, and Woodhaven. The Trinity Lakes TIF will be the eleventh
active TIF district and the fourteenth overall.
Trinity Lakes TIF
Project and Financing Plans Page 2 of 7
II. Project Plan
Boundary Description, Existing Uses and Proposed Uses
Th-e area I east of IH-820 and bisected by Trinity Boulevard is transitioning through land
reclamation and redevelopment into a series of stable and well-established neighborhoods.
The emergence of these neighborhoods, the expansion of the Bell Helicopter Textron, Inc.
employment center, and the potential for future rail transit service have created an
opportunity for the growth of mixed-use destinations and other employment centers. A map
of the existing uses of the TIF district can be found in Exhibit "B".
Trinity Boulevard and Precinct Line Road are two important arterials in the TIF district;
however, due to heavy congestion and flooding these thoroughfares are considered under
par. To alleviate excessive traffic and flood risk, the City of Fort Worth has initiated the
redesign and reconstruction of Precinct Line Road at and near its intersection with Trinity
Boulevard. These infrastructure improvements will enhance efforts to provide regional
capacity and connectivity throughout the area.
In addition to Trinity Boulevard, key public transportation projects include the completion of
Precinct Line Road from Concha Trail to River Falls Drive; passenger rail service and station
along the Trinity Railway Express (TRE) line; and future linkages to Arlington through the
regional trails system. It is a_Iso anticipated public arterials will connect passenger-rail service
to employment centers, office space, retail options, and a variety of restaurants `throughout
mixed-use neighborhoods. The key element to this plan is the addition of a.5 miles of trails to
the existing 3.5 miles of trails that will connect to the Trinity Trails system, tying Handley-
Ederville Road to Arlington and complete the linkage between two cities.
The TIF district covers just over 1,800 acres and is generally bounded by the Trinity Railway
Express (TRE) rail line to the north, the Trinity River to the south, the. Bell Spur to the east and:
Loop,820 to the west; however the majority of the River Trails and surrounding neighborhood
residential development is excluded from TIF district. A map of the TIF district and a legal
description of the property can be found in Exhibits "C" and "D", respectively.
Proposed.Zofiing Changes
Current zoning includes strong sectors of Planned Development (PD), Flood Plain (0-1, 0-2),
and Single-Family Residential BAR, A-5, A-7.5, A-1�� as depicted in Exhibit "E". To facilitate
the realization of the Project Plan described herein, significant portions of the TIF district along
Trinity Boulevard along the East side of IH-820 may be rezoned. Rezoning is being
approached through a form-based code to enhance the market sensitivity and value potential
of the neighborhoods.
Examples of form-based code for the TIF district are described as follows:
1. Boulevard Mixed-Use to become the center of retail activity in Trinity Lakes.
2. pillage Mixed-Use will feature lakefront urban residential development and lakeside
restaurant and retail options.
3. HighW Mixed-Use allows for development of a higher density.
4. Camp 's Commercial will include the integration of a major employer and commercial
use as well as the addition of multifamily units.
5. Transition areas will bridge the gap between larger densities and neighborhoods.
Trinity Lakes TIF
Project and Financing Plans Page 3 of 7
6. Neighborhoods will serve as the center of residential development.
Estimated Private Investment Non-Project Costs
In addition to the Project Costs outlined in greater detail below, it is anticipated the TIF district
will experience a great deal of private investment. Over the term of the TIF district, it is
anticipated that over $384 million will be invested in- commercial and urban residential
development and $275 million will be invested in single-family residential development.
Expected build out for each is detailed in Table 1 below:
MM
20 14 11,713,632 16,942,259
6
S 3: = .-
2416 41916,277 171796,425
41 26 $ 8
2418 52,3691178 21,755,964
�`S r. �9 _
2424 311 0A1286 18,324,564
Sr�wJ/'.0 9. x.64
2422 35,191,698 17,53. 6,564
: I 4 2._
2424 35,417,444 15,331,764
4==5-
-, i
Or
2426 4,1 19,237 16,254,364
? - 1 , 2
2.028 12_,188,672 13,848,844
0� :1 7 1
`� _�5
2434 44,7351930 3,7541444
-t
2432 241891,946 -
QWSAI `' - -
- 3 - s ,
Relocation_Method for Displaced Persons
No person shall be displaced as a result of implementing these Project and Financing Plans.
Trinity Lakes TIF
Project and Financing Plans Page 4 of 7
III. Financing Plan
Project Descriptions, Estimated Project Costs, and Administration
TI projects and their estimated costs are described as follows:
1. Trinity Boulevard from IH-820 to Precinct Line Road, including design, engineering,
planning, paving, road bed, lighting, water, wastewater, storm water, utility relocation
landscaping, streetscape improvements, crosswalks, traffic signals and other related
project elements ($l 312491,000);
2. Precinct Line Road from Concho Trail to River Falls Drive including design,
engineering, planning, paving, road bed, lighting, water, wastewater, storm water,
utility relocation, landscaping, streetscape improvements, and other related project
elements ($5,950,000);
3. Improv.ements to Trinity Trails system, including design, engineering, planning,
paving, trail bed, lighting, water, wastewater, trail signage, connections to existing
trails, enhanced pedestrian crosswalks, signals, and path bridges necessary to connect
pedestrians to the trail system, landscaping, streetscape improvements, and other
related project elements far approximately 6,5 miles of trails ($3,000,000);
49 Required local streets within the Mixed-Use area including paving. road bed,
lighting improvements, landscaping, streetscape improvements, and pedestrian
sidewalk improvements for linkages along Trinity Boulevard, the Village Mixed-Use
form-based code area, and the future potential rail transit station, as well as between
Trinity Boulevard, the Campus Commercial form-based code area, the regional trail
system and the Trinity River ($10,305,250);
5. Enhanced wayfinding signage, structures and elements ($300,000);
b. Waterfront improvements along the lake North of Trinity Boulevard to create a
boardwalk frontage open to the public ($850100:0);
7. Public pocket parks and park frontages along water bodies throughout the
neighborhoods, Public areas that incorporate various elements such as fountains, public
restrooms. furniture,. lighting and other means to maintain safety and activity in the
Public spaces ($750,000);
8. Bicycle facilities including racks and storage to allow multi-modal connections to the
mixed use areas and trailhead points to distribute information, notices, maps, rental
facilities, and trail oriented retail or vending ($550,000);
9. Trinity Boulevard from Precinct Line Road to S Norwood Drive, including design,
en ineerin lannin avin road bed lighting, water, wastewater storm water
�r g■ p g1 r ► ► ►
utility relocation, landscaping, streetscape improvements, and other related project
elements ($12,5-0,000);
10.Transit improvements providing for the accommodation of a variety of modes over
time including station platforms, sidewalks, elevators, escalators, structures, utility
relocation, bus queuing areas, depot/mixed use facilities, shelters, landscaping,
streetscape improvements, and other supporting improvements for transit facilities
construction ($8,000,000);
1 1.Land. acquisition by the public for transit platforms and related facilities
($2,500,00.0}; and
12.Parking facilities associated with Transit and mixed use area (both surface and
structured) (Surface: $1,000,000; Structure: $3,500,000).
Trinity Lakes TIF
Project and Financing Plans Page 5 of 7
The TIF district will be administered by the City of Fort Worth Housing and Economic
Development Department.
Economic Feasibility Statement, Projections, and Methods of Financing
City staff has determined that the Project and Financing Plan is economically feasible per the
tax increment financing projections included in Exhibit "F". It is anticipated the City of Fort
Worth, Tarrant County, and the Tarrant Regional Water District will participate in the TIF
district in order to have TIF funds available for TIF Project reimbursement. These financial
projections also include a preliminary payback schedule to demonstrate that the TIF Project
Costs are reimbursable over the course of the term.
The TIF district Board of Directors will approve eligible TIF Project Costs on a case-by-case
basis. Approved TIF Project Costs will be reimbursable to the developer upon completion, as
set forth in each Development Agreement.
Bond Indebtedness
No bonded indebtedness is expected to be incurred with respect to any of the project
improvements.
Estimated Timeframe
TIF projects are expected to be completed between 2013 and 2030 per Table 2 below:
- �,�, ..' •Y f'b:�%:" - - 'LAS•' �.:iE�
Trinity Boulevard Improvements from IH-820 to Precinct Line 2013 2015
Road
e o' oa o,R
:..s
Trinity Trail System Improvements, 6.5 miles 2015 2023
- •i
Enhanced Wayfinding Signage, Structures, Elements 2013 2017
=777777777777-77 77-
7
1.
- '�er t � 1•
_ f
r�.
Public Area Facility Enhancements 2013 2020
-_ rap•_B�-•c.l � f i;` sr:'` � to_L n u I "
"1 =-,{9z In 3
-
Trinity Bouleyard from Precinct Line Road to S. Norwood Drive 2027 2030
I .
Land Acquisition for Public Transit Improvements 2026 2028
'i
l�G �C[ .=� ��� �'- ��-,[` ��_ P,CI' C• „� -'� _off""� � -
�Y b =� :�►� [yam] Vii:: _ � U`
,t
f e
Current Taxable Values
The estimated total taxable of property in the Zone is $39,830,913.
Term
The term of the Zone will be 21 years (20 years of tax increment), expiring on December 31,
2032, beginning with tax increment calculated by the 2012 tax appraisal and ending with
tax increment calculated by the 2032 tax appraisal.
Trinity Lakes TIF
Project and Financing Plans Page 6 of 7
IV. Exhibits [To Immediately Follow]
A. Criteria for Reinvestment Zone
B. Map of Existing Uses
C. Boundary Map
D. Legal Description
E. Map of Current Zoning
F. TIF District Financial Projections
Trinity Lakes TIF
Project and Financing Plans Page 7 of 7
Exhibit "A"
[information on following page]
Trinity Lakes TIF
Project and Financing Plans Exhibits
Sec. 311..005. CRITERIA FOR REINVESTMENT ZONE.
a} To be designated as a reinvestment zone, and area must:
1} Substantially arrest or impair the sound growth of the municipality or county designating
the zone, retard the provision of housing accommodations, or constitute an economic or
social liability and be a menace to the public health, safety, morals, or welfare in its
present condition and use because of the presence of:
A} A substantial number of substandard, slum, deteriorated, or deteriorating structures;
B} The predominance of defective or inadequate sidewalk or street layout;
C} Faulty lot layout in relation'to size, adequacy, accessibility, or usefulness;
D) Unsanitary or unsafe conditions;
E} The deterioration of site or other improvements;
F} Tax or special assessment delinquency exceeding the fair value of the land;
G) Defective or unusual conditions of title;
H} Conditions that endanger life or property by fire or other cause; or
1) Structures, other than single-family residential structures, less than 10 percent of the
square footage of which has been used for commercial, industrial, or residential
purposes during the preceding 12 years, if the municipality has a population of
100,000 or.more;
2} Be.predominantly open or undeveloped and, because of obsolete platting, deterioration
of structures or site improvements, or other factors substantially im'pa.ir or arrest the sound
growth of the municipality or county;
3} Be in a federally assisted new community located in the municipality or county or in an
area immediately adjacent to a federally assisted new community; or
4) Be an area described in a petition requesting that the area be designated as a
reinvestment zone, if the petition is submitted to the governing body of the municipality or
county by the owners of property constituting at least 50 percent of the appraised value
of the property in the area according to the most recent certified appraisal roll for the
county in which the area.is located..
a-1) Notwithstanding Subsection (a), if the proposed project plan for a potential zone includes
the use of land in the zone in connection with the operation of an existing or proposed
regional commuter or mass transit rail system, or for a structure or facility that is necessary,
useful, or beneficial to such a regional rail system, the governing body of a municipality may
designate an area as a reinvestment zone.
In this Section; "federally assisted.new community" means a federally assisted area that has
received or will receive assistance in the form of loan guarantees under Title X of the National
Housing Act, if a portion of the federally assisted area has received grants under Section
147(a)(1) of the Housing and Community Development Act of 1974.
Trinity Lakes TIF
Project and Financing Plans Exhibit A - Page I of 1
Exhibit "B"
[Information on following page]
Trinity Lakes TIF
Project and Financing Plans Exhibits
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Exhibit "C"
[Information on following page]
Trinity Lakes TIF
Project and Financing Plans Exhibits
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Exhibit "D"
[information on following page,
Trinity Lakes TlF
Project and Financing Plans Exhibits
Legal description, Part i
Being 866.987 acres of land located in the H. Bennett Survey, Abstract No. 138, the John Hust
Survey, Abstract No. 702, the J.B. Johnson Survey, Abstract No. 855, the Wm. H. Morris Survey,
Abstract No. 1053, the John Sansom Survey, Abstract No. 1387, the W.C. Trimble Survey,
Abstract No. 1521, the Allen S. Trimble Survey, Abstract No. 1528 and the P. Witt Survey,
Abstract No. 1656, Tarrant County, Texas. Said 866.987 acres of land being more particularly
described as follows:
BEGINNING at a point at the northwest corner of a tract of land described in the deed to Tarrant
county Water Control and Improvement District Number One (TCWCD), recorded in Volume
8938, Page 464, Deed Records, Tarrant County, Texas;
THENCE N89036'471'E, along the north line of said TCWCD, a distance of 14.34 feet to an angle
point of said TCWCD tract, said point being the southwest corner of Lot 1, Block 10, Riverbend
East Office Park, an addition to the City of Fort Worth, Tarrant County, Texas according to the
plat recorded in Volume 388-186, Page 91, Plat Records, Tarrant County, Texas;
THENCE N69°21
'54"E, along the south line of said Block 10, at 75.43 feet passing the northeast
corner of said, TCWCD, in all a distance of 2,31 1.74 feet to a point at the southeast corner of
said Black 10;
THENCE N00037'1 9"E. along the east line of said Block 10, at 11.13 feet passing a 5/8" iron
rod found at the southwest corner of a tract of land described in the deed to Riverbend East I LP.,
recorded in Volume 14564, Page 104, Deed Records, Tarrant County, Texas, in all a distance of
650.24 feet to a 5/8" iron rod found at the southwest corner of Lot 5, of said Block 10, said iron
rod being the northwest corner of said Riverbend East tract;
THENCE N56037'44."E along the north line of said Riverbend East tract, at 30$.97 feet passing a
5/8'1 iron rod found at the southeast corner of said Lot 5, in all a distance of 369.14 feet to a
5/8" iron rod stamped "Carter & Burgess" found at the northeast corner of said Riverbend East l
tract, said iron rod lying in the west line of a tract of land described in the deed to the State of
Texas, recorded in Volume 3603, Page 370, Deed Records,Tarrant County, Texas;
THENCE S89°27'08 1;E, a distance of 348.55 feet to a point'lying in the east line of said State of
Texas tract, said point lying in the west line of Tract 2, in the deed to Riverbend Investment Ltd.,
recorded in Volume 13681, Page 387, Deed Records, Tarrant County,Texas;
THENCE along said Tract 2 west line as follows:
1. N00040'1 1"E, a distance of .2,888.42 feet to an 1/2 It iron rod found, said iron rod being
the southwest corner of a tract of land described in the deed to the City of Fort Worth, recorded
in Volume Al 19, Page 53.5, Deed Records,Tarrant County, Texas;
2. N2701 2',45"E., a distance of 280.95 feet to a City of Fort Worth monument No.6410 found;
3. N50°49'45"E, a distance of 390.55 feet to an 1/211 iron rod stamped "Beasley 4050"
found;
Trinity Lakes TIF
Project and Financing Plans Exhibit D - Page 1 of 20
4. N32 024'45"E, a distance of 411.21 feet to an inverted RR beam found;
5. N47 025'45"E, a distance of 87.80 feet to a point, said point lying in the south line of Trinity
Boulevard;
THENCE N42034'1 511W, crossing said Trinity Boulevard, a distance of 151.23 feet to a concrete
monument found at the south corner of Tract IA., of said Riverbend Investment, said concrete
monument lying in the north line of said City of Fort Worth tract;
THENCE along the west lines of said Tract 1 A as follows:
1. N57 038'47"W, a distance of 531.60 feet to a 518" iron rod found;
2. N30°20'47"W, a distance of 290.28 feet to a point, said point being the northwest corner
of said City of Fort Worth tract and lying in said State of Texas east line;
3. N00040'34"E, a distance of 735.86 feet to an 1/2" iron rod found at the northwest corner
of said Tract 1 A and being the northeast corner of said State of Texas tract, said iron rod being
the southwest corner of a tract of land described in the deed to Riverbend Investment 11, Ltd.,
recorded in volume 14166, Page 240, Deed Records, Tarrant County, Texas and being the
southeast corner of a tract of land described in the deed to the State of Texas, recorded in
Volume 3927, Page 395, Deed Records, Tarrant County,Texas;
THENCE along the west and north lines of said Riverbend Investment 11 tract as follows:
i. N00039'52"E, a distance of 29.75 feet to an 112' iron rod stamped 'NDM found;
2. northerly, 649.79 feet along a non tangent curve to the right, having a radius of 2,703.79
feet, a central angle of 13046'11" and a chord bearing N070,3 1'53"E, 648.23 feet to a point;
3. N 14°25'03"E, a distance of 383.52 feet to a point lying in the south line of Dallas Area
Rapid Transit and the Fort Worth Transportation Authority (TRE);
4. N62 633'55"E, along said THE south line, a distance of 947.83 feet to an 1/2 iron rod
found;
5: northeasterly, at 659.14 feet passing a 5/8" iron rod found at an exterior corner of said
Riverbend Investment II tract, in all 1,502.69 feet along a non tangent curve to the right, having a
radius of 5,679.85 feet, a central angle of 15°09'30" and a chord bearing N70 005'48"E,
1,498.31 feet to a point;
THENCE S00020'43"E, at 27.06 feet passing a point at the northeast corner of said Riverbend
Investment 11 tract, at 47.67 feet passing a point at the northwest corner of Lot 39, Block 22,
Lakes of River Trails, an addition to the City of Fort Worth, Tarrant County, Texas according to
the plat recorded in County Clerk #D206240430, Plat Records, Tarrant County, Texas, at
544.84 feet passing a point at the southwest corner of Lot 31, of said Block 22, said point being
the northwest corner of Lot 30, Block 22, Lakes of River Trails, an addition to the City of Fort
Worth, Tarrant County, Texas according to the plat recorded in County Clerk #13207022271,
Plat Records, Tarrant County, Texas, in all a distance of 1,147.85 feet to a point at the northwest
Trinity Lakes TIF
Project and Financing Plans Exhibit D - Page 2 of 20
corner of Lot 1, Block 23, of said Lakes of River Trails;
THENCE along the north and east lines of said Lot 1 as follows:
1. easterly, 479.81 feet along a non tangent curve to the right, having a radius of 4,550.83
feet, a central angle of 06°02'27" and a chord bearing N77 039"04"E, 479.58 feet to an 1/2 If
iron rod stamped "Beasley 4050" found;
2. S06 006'37"E, a distance of 198.98 feet to an 1/2" iron rod stamped "Beasley 4050"
found;
3. S04002'22"W, at 59.98 passing a point at the southeast corner of said Lot 1, in all a
distance of 185.55 feet to a point at the most westerly southwest corner of Lot 4, Block 22, Lakes
of River Trails, an addition to the City of Fort Worth, Tarrant County, Texas according to the plat
recorded in County Clerk #D205382455, Plat Records, Tarrant County, Texas;
THENCE along the west lines of said Block 22 as follows:
1. S68°17'44"E, a distance of 39.92 feet to an 1/2" iron rod stamped "Beasley 4050" found
at the most southerly southwest corner of said Lot 4;
2. S00021'52"E, a distance of 106.94 feet to an 1/2" iron rod stamped "Beasley 4050"
found;
3. southerly, 68.95 feet, along a curve to the left, having a radius of 387.25 feet, a central
angle of 10"12'07" and a chord bearing S05 027'56"E 68.86 feet to an 1/2" iron rod stamped
"Beasley 4050" found at the southwest corner of Lot 1, of said Block 22, said point lying in said
City of Fort Worth north line;
THENCE easterly along said north line, 469.22 feet along a non tangent curve to the right, having
a radius of 2,043.04 feet, a central angle of 13°09'32" and a chord bearing N83°03'56"E,
468.19 feet to a point;
THENCE N89 037'06"E, continuing along said north line, a distance of 1,549.89 feet to a point,
from which the southeast corner of Lot 131 Block 10, Lakes of River Trails, an addition to the City
of Fort Worth, Tarrant County, Texas according to the plat recorded in Cabinet A, Slide 7556,
Plat Records,Tarrant County, Texas bears N89°33'30"E 67.24 feet;
THENCE S00021'18"1E, a distance of 120.00 feet to an 1/2" iron rod found at the northeast
corner of said Tract 2, said point lying in said City of Fort Worth south line;
THENCE S03 007'48"E, an east line of said Tract 2, a distance of 1,440.53 feet to a point;
THENCE S 19°22'32"E, continuing along said east line, at 338.54 feet passing a 5/8" iron rod
found at the northwest corner of Lot 49, Block 8, River Trails Addition, an addition to the City of
Fort Worth, Tarrant County, Texas according to the plat recorded in Cabinet A, Slide 4679, Plat
Records,Tarrant County, Texas, in all a distance of 526.49 feet to a point at the southeast corner
of said Lot 49, said point being the northwest corner of Lot 1, Block 22, of said River Trails
Addition;
Trinity Lakes TIF
Project and Financing Plans Exhibit D - Page 3 of 20
THENCE along the north, east and south lines of said Lot 1 as follows:
1. S80°43'05"E, a distance of 134.69 feet to a point;
2. easterly, 157.00 feet along a non tangent curve to the left, having a radius of 50.00 feet,
a central angle of 179°54'14" and a chord bearing S80°42'48"E, 1 00.00 feet to a point;
3. S80 043'05"E, a distance of 269.18 feet to a point;
4. S0901 6'55"W, a distance of 115.00 feet to a point;
5. S1 3054'49"E. a distance of 107.37 feet to a point;
6. S07°36'01"E, a distance of 95.42 feet to a point;
7. S0901 6'55"W, a distance of 90.00 feet to a point;
8. S42057'09"W, a distance of 78.11 feet to a point;
9. southwesterly, 78.53 feet along a non tangent curve to the left, having a radius of 50.00
feet, a central angle of 89°59'27" and a chord bearing S54016'59"W,70.71 feet to a point;
10. S85 044151"W, a distance of 164.46 feet to a point at the southwest corner of said Lot 1,
said.point being the northwest corner of Lot 1, Block 24, of said River Trails Addition and lying in
said Tract 2 east line;
THENCE 521056'34".E, along said Tract 2 east line, a distance 'of 151.17 feet to a point at the
south corner of said Lot 1, from which an 112" iron rod found at an angle point of said Tract 2
bears S2i 056134 11E 39.13 feet;
THENCE S80 043'56"E, along the south line of said Block 22, a distance of 1,879.00 feet to a
point;
THENCE easterly, 206.20 feet along a non tangent curve to the left, having a radius of 3,966.00
feet, a central angle of 02 058'44" and a chord bearing S82012'11"E, 246.17 feet to a point at
the southeast corner of Lot 12, of said Block 22;
THENCE S84'312'41"E, a distance of 60.00 feet to a point lying in the east line of said River Trails
Addition, from which an 1/2" iron rod found at the southeast corner of said River Trails Addition
bears S45059'20"W 42.99 feet;
THENCE easterly, 287.46 feet along a non tangent curve to the left,,-having a radius of 2,767.43
feet, a central angle of 05°57'05" and a chord bearing S87 029'41"E, 287.33 feet to a point;
THENCE N.89 031'37"E, a distance of 114.58 feet to an 1/2" iron rod found at the northwest
corner of Lot 46, Bloch 31, Lakes of River Trails South, an addition to the City of Fort Worth,
Tarrant County, Texas according to the plat recorded in Cabinet A, Slide 6909, Plat Records,
Tarrant County,Texas;
Trinity Lakes T1F
Proiect and Financing Plans Exhibit D - Page 4 of 20
THENCE S00°17'06"E, at 291.01 feet passing an 1/2" iron rod stamped "Beasley 4050" found
at the southwest corner of Lot 2, Block 10, of said Lake of River Trails South, said iron rod being
the northwest corner of Lot 3, Block 10,in all a distance of 791.06 feet to a point at the southwest
corner of Lot 12, Block 10, Lakes of River Trails South, an addition to the City of Fort Worth,
Tarrant County, Texas according to the plat recorded in Cabinet A, Slide 7623, Plat Records,
Tarrant County, Texas, said point being the northwest corner of Lot 41, Block 12, Lakes of River
Trails South, an addition to the City of Fort Worth, Tarrant County, Texas according to the plat
recorded in Cabinet A. Slide 8483, Plat Records, Tarrant County,Texas;
THENCE along the north lines of said Lot 41 as follows:
1. N89'32'1 2"E, a distance of 8..62 feet;
2. S02 004'05"E, a distance of 29.57 feet to a point;
3. S76 036'20"E, a distance of 4.50 feet to a point;
A. S03'1 0'29"E, a distance of 10.89 feet to a point;
5. N89 026'57"E, a distance of 3.04 feet to a point;
6. S00°12'21"E, a distance of 26.15 feet to a point;
7. S88 037'37"E, a distance of 4.72 feet to a point;
8. S00°43'57"W, a distance of 12.1 6 feet to a point;
9. N88027'1 5'.'W, a distance of 4.40 feet to a point;
10. S00 006'32"E, a distance of 36.29 feet to a point;
11. S87 003'57"E, a distance of 4.33 feet to a point;
12. Sal 000'57"E, a distance of 11.55 feet to a point;
13. S89 052'44"W, a distance of 4.40 feet to a point;
14. SO 1`1 9'29"Et a distance of 10.85 feet to a point;
15. S55 028'25"E, a distance of 52.26 feet to a point;
16. S55046'1 8"E. a distance of 52.55 feet to a point;
17. S55024'1 2"E, a distance of 70.09 feet to a point;
18. S55 036'32"E, a distance of 42.91 feet to a point;
19. N46 034'33"E, a distance of 4.79 feet to a point;
Trinity Lakes TIF
Project and Financing Plans Exhibit D - Page 5 of 20
20. S53 043'45"E, a distance of 13.58 feet to a point;
21. S36 033'28"W, a distance of 4.41 feet to a point;
22. S53 050'26"E, a distance of 63.16 feet to a point;
23. N430 12'53"E, a distance of 4.60 feet to a point;
24. S56 007'02"E, a distance of 11.56 feet to a point;
25. S3601 3'30"W, a distance of 4.77 feet to a point;
26. S54048'1 6"EJ a distance of 24.84 feet to a point;
27. S76 032'24"E, a distance of 14.79 feet to a point;
28. N09 045'05"E, a distance of 4.81 feet to a point;
29. S80 038'59"E, a distance of 11.03 feet to a point;
30. N83°54'01"E, a distance of 26.52 feet to a point;
31. N80 042'25"E, a distance of 196.53 feet to a point;
32. N89032'1 2"E, a distance of 817.20 feet to a point;
33. S00 027148"E, a distance of 201.78 feet to a point;
34. S45 027'48"E, a distance of 96.48 feet to a point;
35. N89032'1 2"E. a distance of 395.60 feet to a point;
36. S00°27148"E, a distance of 137.61 feet to a point;
37. S58°01'1 8"E, a distance of 140.03 feet to a point;
38. easterly, 39.77 feet, along a curve to the left, having a radius of 50.00 feet, a central
angle of 45 034'23" and a chord bearing $80°48'30"E 38.73 feet to a point;
39. S58001'1 8"E, a distance of 146.96 feet to a point;
40. southeasterly, 56.93 feet, along a curve to the left, having a radius of 325.00 feet, a
central angle of 10'02'10" and a chord bearing S63002123 11E 56.86 feet to a point;
41. southeasterly, 47.50 feet along a non tangent curve to the left, having a radius of 50.00
feet, a central angle of 54°26'00" and a chord bearing S30°48117"E, 45.74 feet to a point;
42. S58001'1 8"EJI a distance of 185.73 feet to a point at the northeast corner of said Lot 41,
Trinity Lakes TIF
Project and Financing Plans Exhibit D - Page 6 of 20
said point lying in the east line of Precinct Line Road;
THENCE S05 052'40"W; along the east line of said Lot 41, a distance of 36.84 feet to a point;
THENCE S00°22'1 1"W, continuing along said east line, a distance of 728.60 feet to a point at
the southeast corner of said Lot 41, said point lying in the northeast line of a tract of land
described in the deed to Kenneth Allen et al, recorded in Volume 6688, Page 322, Deed
Records, Tarrant County,Texas;
THENCE S54°58'41"E, along said northeast line, a distance of 56.10 feet to a point at the
northeast corner of said Allen tract;
THENCE along the east lines of said Allen tract as follows:
1. S00°05'29"W, a distance of 745.77 feet to a point;
2. southerly, 627..09 feet, along a curve to the right, having a radius of 2,331.04 feet; a
central angle of 15024150 11 and a chord bearing S07047'54"W 625.20 feet to a point;
3. S 15030'1 9"W, a distance of 565.51 feet to a point at the southeast corner of said Alien
tract, said point being the northeast corner of a tract of land described in the deed to Jessie
Randol, recorded in Volume 6251, Page 242, Deed Records, Tarrant County, Texas and said
point lying in the south bank of the Trinity River;
THENCE along the common lines of said Allen and Randol tracts as follows:
1. N66052'1 1"W, a distance of 480.80 feet to a point;
2. N49 044'1 1"W, a distance of 109.00 feet to a point;
3. N37 022'1 1"W, a distance of 109.80 feet to a point;
4. N2301 1'I 1"W, a distance of 213.10 feet to a point;
5. N02058'1 1"W, a distance of 158.10 feet to a point;
6. N06002'1 1"W, a distance of 152.10 feet to a point;
7. N07°12'1 1"W, a distance of 122.50 feet to a point;
8. N48036'1 1"W, a distance of 77.50 feet to a point;
9. S82 000'49"W, a distance of 191.60 feet to a point;
10. N870 17'11"W, a distance of 246.80 feet to a point;
11. N83 003'1 1"W, a distance of 161.10 feet to a point;
12. N65°54'1 1"W, a distance of 246.30 feet to a point;
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Project and Financing Plans Exhibit D - Page 7 of 20
11 N83020'1 1"W? a distance of 145.50 feet to a point;
14. N 17`31'i 1"W, a distance of 474.10 feet to a point;
15. N26 016'49"E, a distance of 72.90 feet to a point;
16. N65 045149 11E, a distance of 163.40 feet to a point;
17. N36°02'49"E, a distance of 200.10 feet to a point;
18. N15°32'49"E, a distance of 255.80 feet to a point;
19. N03028'1 1"W, a distance of 50.90 feet to a point;
20. N52°38'1 1"W, a distance of 271.70 feet to a point;
21. N37°08'1 1"W, a distance of 347.20 feet to a point;
22. S22 022'49"W, a distance of 71.30 feet to a point;
23. S58 020'49"W, a distance of 245.30 feet to a point;
24. S78 059'49"W, a distance of 168.20 feet to a point;
25. S85 040'49"W, a distance of 68.90 feet to a point;
26. N80025'1 1"W, a distance of 70.40 feet to a point;
27. S52 001'49"W, a distance of 132.60 feet to a point;
28. S72 004'49"W, a distance of 43.40 feet to a point;
29. S34 032'49"VII, a distance of 188.50 feet to a point;
30. S77 025'49"W, a distance of 396.20 feet to a point at the most southerly southwest corner
of said Allen tract, said point being the northwest corner of said Randol tract, said point lying in
the east line of Tract 2, in the deed to W. 0. Ferguson Trust, recorded in Volume 6184, Page
4261 Deed Records,Tarrant County,Texas;
THENCE N00 023'1 1"W, a distance of 591.81 feet to a point for the most northerly southwest
corner of said Allen tract;
THENCE N89°36'49"E, along said Allen tract, a distance of 141.08 feet to a point;
THENCE N00023'1 1"VII, a distance of 193.53 feet to a point lying in south line of said Tract 2,
from which the southeast corner of said Tract 2 bears N89031'38".E 516.30 feet;
THENCE along the south lines of said Tract 2 as follows:
Trinity Lakes TIF
Proiect and Financing Plans Exhibit D - Page 8 of 20
1. N28°59'09"W, a distance of 36.32 feet to a point;
2. N77 051'24"W, a distance of 469.24 feet to a point;
3. S80 029'01"W, a distance of 288.28 feet to a point;
A. N01 056'48"VII, a distance of 104.98 feet to a point;
5. S87'54'1 6"W, a distance of 971.95 feet to a point;
6. N6901 8'48"W, a distance of 357.33 feet to a point;
7. NO2°21'52"W, a distance of 1,071.39 feet to a point;
8. N23042'01"W, a distance of 148.04 feet to a point;
9. N4,9 023'47"W, a distance of 194.42 feet to a point;
10. S88025'07"W, a distance of 210.27 feet to a point;
11. S26 030'49"W, a distance of 264.09 feet to a point;
12. S29 053'45"W, a distance of 272.10 feet to a point;
13. 586°14'21"W, a distance of 417.61 feet to a point;
14. N2701 9'04"W, a distance of 348.35 feet to a point;
15. N3 2052'58"E,, a distance of 382.69 feet to a point;
16. S89 034'05"W, a distance of 226.02 feet to a point;
17. N63 056101"W, a distance of 780.35 feet to a point;
18. S34 023153"W, a distance of 274.05 feet to a point;
19. S24 032'55"W, a distance of-136.23 feet to a point;
20. S89034'05"VII, a distance of 485.75 feet to a point;
21. SO4 033'48"E, a distance of 407.27 feet to a point;
22. S50°35'42"W, a distance of 65.02 feet to a point, said point lying in the north line of a
tract of land described in the deed to William Harvey Trust, recorded in Volume 8372, Page
644, Deed Records, Tarrant County, Texas;
23. N87 0 54129"W, a distance of 177.93 feet to a point;
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Project and Financing Plans Exhibit D - Page 9 of 20
24. N82 035'29"W, a distance of 224.70 feet to a point;
25. N76 039'29"W, a distance of 155.40 feet to a point;
26. N67 027'29"W, a distance of 145.20 feet to a 1" iron rod found;
27. N63 025'29"W, a distance of 138.70 feet to a 1" iron rod found;
28. N50 024'29"W, a distance of 81.50 feet to a 1" iron rod found;
29. N 0 054'29"W, a distance of 74.90 feet to a point;
30. N 15 044'31"E, a distance of 110.60 feet to a point;
31. S89 027'31"W, a distance of 388.79 feet to a 1" iron rod found;
32. S00022'29"E, a distance of 1,673.41 feet to a point;
33. S72 049'56"W, a distance of 1 06.10 feet to a point;
34. S4701 315211W, a distance of 236.28 feet to a point;
35. S08 030'20"W, a distance of 1 36.93 feet to a point;
36. S07039'1 2"EJO a distance of 346.84 feet to a point;
37. S3501 2'48"E, a distance of 82.30 feet to a point;
38. S6201 1'1.O''.E, a distance of 119.77 feet to a point;
39. N77 055'29"E, a distance of 99.20 feet to a point;
40. S00008'1 7"E. a distance of 96.01 feet to a point;
41. S00036125"E, a distance of 1,327.10 feet to a point;
42. SO4 005'29 11W, a distance of 514.35 feet to a point;
43. S89 028'29"W, a distance of 738.78 feet to a point at the east corner of a tract of land
described as Tract 11-B, in the deed to Bluecreek, Inc., recorded in Volume 11771 Page 237,
Deed Records, Tarrant County, Texas;
THENCE 558 029'44"W, a distance of 525.85 feet to a point at the south corner of said Tract 11-13;
THENCE S61°31'45"W, a distance of 395.33 feet to a point at the southeast corner of Tract II-A,
of said Bluecreek tract;
THENCE S68 030'23"W, along the south line of said Tract 11-A, a distance of 256.00 feet to a
point;
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Project and Financing Plans Exhibit D - Page 10 of 20
THENCE S61°56'00"W, continuing along said south line, a distance of 428.41 feet to a point,
said point being the southwest corner of said Tract 11-A and being the southeast corner of a tract
of land described in the deed to Riverbend East 1, LP., recorded in County Clerk #D204088612,
Deed Records, Tarrant County, Texas, from which a 518" iron rod found in the north bank of the
Trinity River bears NO3°24'34"W 299.37 feet;
THENCE along the south lines of said Riverbend East I tract as follows:
1. S72 008'36"W, a distance of 264.04 feet to a point for the south corner of said Riverbend
East I tract;
2. northwesterly, at 305.68 feet passing a 5/8" iron rod stamped "ANA" found in the north
bank of the Trinity River, in all an arc distance of 1,445.84 feet along a non tangent curve to the
left, having a radius of 1,642.39 feet, a central angle of 49°02'32" and a chord bearing
N55°1 9'43"W, 1,363.28 feet to a point;
3. N79°49144 11W, at 398.10 feet passing a 5/8" iron rod stamped "ANA" found at the
southwest corner of said Riverbend East I tract, said iron rod being the southeast corner of said
TCWCD, in all in all a distance of 499.57 feet to a point at the southwest corner of said TCWCD
tract;
THENCE N00°22'31."W, along the west line of said TCWCD tract, a distance of 188.55 feet to
the point of beginning, containing 866.987 acres of land.
The bearings recited hereon are oriented to NAD83 Texas North Central Zone.
Legal Description, Part 2
Being 930.965 acres of land located in the Wm. Burns Survey, Abstract No. 121, the W.
Bradshaw Survey, Abstract No. 136, the R. Barton Survey, Abstract No. 1761 the S. Cotrail
Survey, Abstract No. 330, the John Hust Survey, Abstract No. 702, the J.W. Haynes Survey,
Abstract.No.. 789, the J.B. Johnson Survey, Abstract No. 855, the J.. .Overton Survey, Abstract No.
1191, the Wm. C. Trammell Survey, Abstract No. 1509, the Allen S. Trimble Survey, Abstract No.
1526 and the G. Wilson Survey, Abstract No. 1626, Tarrant County, Texas. Said 930.965 acres
of land being more particularly described as follows:
BEGINNING at a point lying in the east line of Lot 13, Block 8, Lakes of River Trails South, an
addition to the City of Fort Worth, Tarrant County, Texas, according to the plat recorded in
Cabinet A, Slide 8483, Plat Records, Tarrant County, Texas, from which an 1/2" iron rod
stamped "Beasley 4050" found at the southeast corner of said Lot 13 bears S05058'1 3"W 25.68
feet, said point lying in the west line of Precinct Line Road;
THENCE N05058'1 4 11E at 24.32 feet passing an 1/2" iron rod found at the northeast corner of
said Lot 13, said iron rod being the southeast corner of Lot 12, Block 8, Lakes of River Trails
South, an addition to the City of Fort Worth, Tarrant County, Texas, according to the plat
recorded in Cabinet A, Slide $158, Plat Records, Tarrant County, Texas, in all a distance of
784.35 feet to a point at the southeast corner of Lot 14, Block 7, Lakes of River Trails South, an
addition to the City of Fort Worth, Tarrant County, Texas, according to the plat recorded in
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Project and Financing Plans Exhibit D - Page 1 1 of 20
Cabinet A, Slide 7623, Plat Records,Tarrant County, Texas;
THENCE northerly along the east line of said Block 7, 422.88 feet, along a curve to the Ieft,
having a radius of 1,350.00 feet, a central angle of 17 056'52" and a chord bearing
N03000'1 2"W 42 1.16 feet to an 1/2" iron rod stamped "Beasley 4050" found lying in the east
line of Lot 7, Block 7, Lakes of River Trails South, an addition to the City of Fort Worth, Tarrant
County, Texas, according to the plat recorded in Cabinet A, Slide 6988, Plat Records, Tarrant
County, Texas;
THENCE NI 1058'38"W, continuing along said Block 7 east line, a distance of 393.85 feet to a
point lying in the north line of River Trails Boulevard, Lakes of River Trails South, an addition to
the City of Fort Worth, Tarrant County, Texas, according to the plat recorded in Cabinet A, Slide
6909, Plat Records,Tarrant County,Texas, said point lying in said Precinct Line Road west line;
THENCE NI 3006'38"W, along said west line, a distance of 296.76 feet to a point;
THENCE northerly, 390.93 feet along a non tangent curve to the right, having a radius of
1,865.89 feet,a central angle of 12000'16 If and a chord bearing N07007'1 6"W, 390.22 feet to
a point lying in the east line of Lot 50, Block 21, River Trails Addition, an addition to the City of
Fort Worth, Tarrant County, Texas, according to the plat recorded in Cabinet A, Slide 5577, Plat
Records, Tarrant County, Texas;
THENCE NO 007'09 11W, along the common line of said Block 21 and Precinct Line Road, a
distance of 508.94 feet to a point lying in the east line of Lot 21, Block 21, River Trails Addition,
an addition to the City of Fort Worth, Tarrant County, Texas, according to the plat recorded in
Cabinet A, Slide 3517, Plat Records, Tarrant County, Texas;
THENCE northwesterly, 940.76 feet, along a curve to the left,having a radius of 1,000.00 feet, a
central angle of 53°54'05" and a chord bearing N28004'1 2"W 906.45 feet to a point lying in
the northeast line of Lot 5, Block 37, of said River Trails Addition;
THENCE N55°01'14"W, continuing along said Precinct Line Road west line, a distance of 416.46
feet to a point at the southeast corner of Lot 5, Block A. River Trails All Storage Addition, an
addition to the City of Fort Worth, Tarrant County, Texas, according to the plat recorded in
Cabinet A. Slide 10612, Plat Records,Tarrant County,Texas;
THENCE along the south and west lines of said Block A as follows:
1. S89 035'08 11W, a distance of 1,364.23 feet to a point at the southwest corner of Block A;
2. N0901811 611E, a distance of 594.93 feet to a point;
3. northerly, 183.57 feet along a non tangent curve to the left, having a radius of 1,090.00
feet, a central angle of 09 037'57" and a chord bearing N04 028'51"E, 183.35 feet to a point;
4. N00020'1 2"Wr a distance of 19.95 feet to an 1/2" iron rod found bent at the northwest
corner of Lot 1, of said Block A, said iron rod being the northeast corner of Lot 13, Block 15, River
Trails Addition, an addition to the City of Fort Worth, Tarrant County, Texas, according to the
plat recorded in Cabinet A, Slide 1478, Plat Records,Tarrant County,Texas;
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Project and Financing Plans Exhibit D - Page 12 of 20
THENCE N89 035"40"W, a distance of 565.43 feet to a 5/8'" iron rod stamped "Sempco" found
at an angle point lying in the north line of Lot 23, Block 1, River Trails Addition, an addition to the
City of Fort Worth, Tarrant County, Texas, according to the plat recorded in Volume 388-191,
Page 44, Plat Records, Tarrant County, Texas;
THENCE along the north lines of said River Trails Addition and the south lines of Trinity Boulevard
as follows:
1. S85 047'40"W, a distance of 31 1.01 feet to an 1/2" iron rod found at the northeast corner
of Lot 14, of said Block 1;
2. westerly, 118.00 feet along a non tangent curve to the right, having a radius of 993.50
feet, a central angle of 06'48'18 if and a chord bearing S8601 3'03"W., 117.93 feet to an 1/2 If
iron rod found in the north line of said Lot 14;
3. S89037'1 2"W.. a distance of 1,107.32 feet to a 5/8" iron rod stamped "Sempco" found in
the north line of Lot 33, Block 2, of said River Trails Addition;
4. westerly, 209.57 feet, along a curve to the right, having a radius of 1,136.3$ feet, a
central angle of 10 034'00" and a chord bearing N85°05'48"W 209.28 feet to a point lying in
the north line of Lot 241 of said Block 2;
5. N85 034'43"W, a distance of 665.81 feet to a point lying in the north line of Lot 4R, Block
2, River Trails Addition, an addition to the City of Fort Worth, Tarrant County, Texas, according
to the plat recorded in Volume 388-192, Page 56, Plat Records, Tarrant County, Texas, said
point lying in the south line of a tract of land described in the deed to the City of Fort Worth,
recorded in Volume 4119, Page 535, deed Records,Tarrant County, Texas;
THENCE S89037'1 2"W, at 1 10.00 feet passing an 112" iron rod found at the northwest corner of
said Lot 4R, in all a distance of 275.23 feet to an 1/2 If iron rod found at the northeast corner of
a tract of land described at Tract 2, in the deed to Riverbend Investment Ltd., recorded in Volume
13681, Page 387, Deed Records,Tarrant County,Texas;
THENCE N00°2 III 8"W, crossing said City of Fort Worth tract, a distance of 120.52 feet to a
point lying in the north line of said City of Fort Worth tract, said point lying in the south line of Lot
13, Block 10, Lakes of River Trails, an addition to the City of Fort Worth, Tarrant County, Texas,
according to the plat recorded in Cabinet A, Slide 7556, Plat Records, Tarrant County,Texas;
THENCE N89°38"27"E, along the north line of said City of Fort Worth tract, a distance of
11379.65 feet to an 1/2" iron rod found at the southwest corner of Lot 21 Block 8, Lakes of River
Trails, an addition to the City of Fort Worth, Tarrant County, Texas, according to the plat
recorded in Cabinet A, Slide 5983, Plat Records, Tarrant County, Texas;
THENCE N89 038'42"E, continuing along said north line, a distance of 1,1 84.99 feet to an 1/2
iron rod found at the most easterly southwest corner of Lot 49, Block 1, of said Lakes of River
Trails;
THENCE along the east and north lines of said Block 1 as follows:
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Project and Financing Plans Exhibit D - Page 13 of 20
1. N54°00'42"E, a distance of 62.37 feet to a point at the southeast corner of said Lot 49;
2. N44°47'42"W, a distance of 186.77 feet to a point at the northeast corner of said Lot 49;
3. northwesterly, 30.36 feet along a non tangent curve to the left, having a radius of 50.00
feet, a central angle of 34 047'22" and a chord bearing N46°27'06"W1 29.90 feet to a point at
the southeast corner of Lot 48;
A. N08 053108"W, a distance of 338.56 feet to a point at the southeast corner,of Lot 40;
5. N.00021'1 8"W, a distance of 202.07 feet to a point at the southeast corner of Lot 36;
6. N17 031'25"W, a distance of 126.23 feet to an 1/2" iron rod found at the southeast corner
of Lot 34, of said Block 1;
7. N26°23'01"W, a distance of 1 82.32 feet to a point at the east corner of Lot 31;
8. N45 025'40"W, a distance of 60.96 feet to a point at the north corner of said Lot 31;
9. N52 041'46"VII, a distance of 60.72 feet to a point at the north corner of Lot 30
10. N50 031156"W, a distance of 60.77 feet to a point at the north corner of Lot 29;
11. N57 039'09"W, a distance of 60.98 feet to a point at the north corner of Lot 28;
12. N61°4713"W, a distance of 128.19 feet to a point at the north corner of Lot 26;
13. N68058'04"W, a distance of 290.62 feet to a point lying in the north line of Lot 20;
14. N69°36'50"W, a distance of 54.49 feet to a point lying in said Lot 20 north line;
15. N7801 5'08"W, a distance of 7.01 feet to a point at the north corner of said Lot 20;
16. S65031'16"W, a distance of 50.29 feet to an 1'2" iron rod found at the most southerly
northeast corner of Lot 19, of said Block 1;
17. N80 006'58"W, at 60.97 feet passing a point at the northeast corner of Lot 15, Block 7, of
said Lakes of River Trails, in all a distance of 897.53 feet to a point at the north corner of Lot 1,
of said Block 7;
THENCE S8301 0'02"W, at 1.77 feet passing a point at the northeast corner of Lot 21, Block 12,
Lakes of River Trails, an addition to the City of Fort Worth, Tarrant County, Texas, according to
the plat recorded in Cabinet A, Slide 9733, Plat Records, Tarrant County, Texas, in all a distance
of 46.65 feet to an 112" iron rod found at the northwest corner of Lot 1;
THENCE along the east lines of said Lot 21 as follows:
1. S08°17'54"W, a distance of 64.16 feet to a point;
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Project and Financing Plans Exhibit D - Page 14 of 20
2. S46 024'49"E, a distance of 98.59 feet to a point;
3. southeasterly, 186.49 feet along a non tangent curve to the left, having a radius of 50.00
feet, a central angle of 213°42'09" and a chord bearing S63"15'53"E, 95.71 feet to a point;
4. S80°06'58"E, a distance of 67.84 feet to a point;
5. S09 053'02"W, a distance of 1 1 0.00 feet to a point;
6. S80 006'58"E, a distance of 100.00 feet to a point;
7. S09006'1 4"E, a distance of 137.86 feet to a point;
8. N78°07'27"E, a distance of 110.00 feet to a point;
9. southeasterly, 275.91 feet along a non tangent curve to the left, having a radius of 555.00
feet, a central angle of 28 029'01" and a chord bearing S26°07'04"E, 273.08 feet to a point;
10. S40 021'34"E, a distance of 164.40 feet to a point;
1 1. S49 038'26"W, a distance of 110.96 feet to an 1/2" iron rod found;
12. S4002 VICE, a distance of 1 10.00 feet to a point at the southeast corner of said Lot 21,
said iron rod being the southwest corner of Lot 9, Block 6, of said Lakes of River Trails recorded in
Cabinet A, Slide 5983;
THENCE along the south lines of said Lot 21 as follows:
1. S49 038'26"W, a distance of 5.41 feet to a point;
2. southwesterly, 68.41 feet, along a curve to the right, having a radius of 375.00 feet, a
central angle of 10°27'06" and a chord bearing S54°52'00"W 68.31 feet to a point of
compound curve to the right having a radius of 275.00 feet and a central angle of 31°4711911;
3. westerly along the arc, a distance of 1 52.57 feet to a point;
A. N88°07'09"W, a distance of 304.19 feet to a point;
5. westerly, 38.98 feet, along a curve to the right, having a radius of 275.00 feet, a central
angle of 08'07'16" and a chord bearing N84°03131"W 38095 feet to a point;
6. N79°59'53"W, a distance of 63.59 feet to a point;
7. westerly, 46.07 feet, along a curve to the left, having a radius of 325.00 feet, a central
angle of 08 007'16" and a chord bearing N84 003'31"W 46.03 feet to a point;
8. N88 007'09"W, a distance of 158.76 feet to a point;
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Project and Financing Plans Exhibit D - Page 15 of 20
9. westerly, 232.49 feet, along a curve to the right, having a radius of 475.00 feet, a central
angle of 28°02'36" and a chord bearing N74°05'51"W 230.17 feet to a point;
10. N60°04'3.3"W, a distance of 83.48 feet to a point;
114 northwesterly, 74.83 feet, along a curve to the left, having a radius of 525.00 feet, a
central angle of 08010'01" and a chord bearing N64°09'34"W 74.77 feet to a point lying in the
east line of a remainder portion of Tract 1 B, of said Riverbend Investment, Ltd. tract;
THENCE east, south and west sides of said remainder portion as follows:
1. S21°45'26"W,a distance of 171.06 feet to,a point at the southwest corner of Lot 16, Block
11, Lakes of River Trails, an addition to the City of Fort Worth, Tarrant County, Texas, according
to the plat recorded in Cabinet A, Slide 9098, Plat Records, Tarrant County, Texas, said point
lying in the north line of Lot 3, Block 11, Lakes of River Trails, an addition to the City of Fort
Worth, Tarrant County, Texas, according to the plat recorded in Cabinet A, Slide 7483, Plat
Records,Tarrant County, Texas;
2. N59°51'48 11 W1 a distance of 51.70 feet to an angle point in Lot 4, of said Block 11;
3. N77 026'2 "W, a distance of 237.42 feet to an angle point in Lot 8, of said Block 1 1;
4. N55 028141"VII, a distance of 299.29 feet to an angle point at the northeast corner of Lot
4, Block 12, of said Lakes of River Trails recorded in Cabinet A, Slide 7483;
5. N63 039'47"W, a distance of 134.35 feet to a point at the northwest corner of Lot 5, of
said Block 12;
6. N09 038'40"E, at 292.03 feet passing the southwest corner-of said Lot 21, in all a distance
of 583.52 feet to a point at the southeast corner of Lot 19, of said Block 12, recorded in Cabinet
At Slide 9733;
THENCE along the west lines of said Lot 21 as follows:
1. N46026'1 9"E, a distance of 1 6.40 feet to a point;
2. N20 023'20"E, a distance of 99.91 feet to a point;
3. N34030'37"W, a distance of 135.05 feet to a point;
4. N85 026'55"W, a distance of 44.55 feet to a point at the northwest corner of Lot 20, of
said Block 12;
5. S09 038'40"W, a distance of 88.94 feet to a point;
6. S34 034'09"W, a distance of 19.99 feet to a point at the southwest corner of said Lot 20;
7. westerly, 33.94 feet along a non tangent curve to the left, having a radius of 50.00 feet, a
central angle of 38 053'36" and a chord bearing N78°52'25"W, 33.29 feet to a point;
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Project and Financing Plans Exhibit D - Page 16 of 20
8. N08019'1 6"W, a distance of 106.05 feet to a point at the northwest corner of said Lot 21,
said point being the northeast corner of Lot 22, of said Block 12;
THENCE N83 024'27"W, a distance of 139.29 feet to an angle point lying in the north line of Lot
32, of said Block 12;
THENCE N78°43'1 7"W, a distance of 197.66 feet to an angle point lying in the north line of Lot
34, of said Block 12;
THENCE N84004'31"W, at 16.19 feet passing a point at the northwest corner of said Lot 34, at
48.07 feet passing a point at the northeast corner of Lot 67, Block 22, of said Lakes of River
Trails, recorded in Cabinet A, Slide 9733, in all a distance of 72.21 feet to an angle point lying
in the north line of said Lot 67;
THENCE along the north line of said Block 22 as follows:
1. N88039'1 5"W, a distance of 196.14 feet to an angle point lying in the north line of Lot 63;
2. N89 025'28"W, a distance of 139.03 feet to an angle point lying in the north line of Lot 61;
3. N86050'14"W, a distance of 58.58 feet to a point at the northeast corner of Lot 59, Block
22, Lakes of River Trails, an addition to the City of Fort Worth, Tarrant County, Texas, according
to the plat recorded in Cabinet A, Slide 1 131 1 I Plat Records,Tarrant County, Texas;
4. S81051'1 1"W, a distance of 50.47 feet to a point at the northwest corner of said Lot 59;
5. westerly, 189..33 feet along a non tangent curve to the left, having a radius of 5,615.83
feet, a central. angle of 01°55'54" and a chord bearing S87°37'02"W, 189.32 feet to a point
lying in the north line of Lot 55;
6. westerly, 298.89 feet along a non tangent curve to the left, having a radius of 5,615.87
feet, a central angle of 03 002'58" and a chord bearing S85`1 2'43"Wr 298.86 feet to a point
lying in the north line of Lot 49;
7. S88 028'59"W, a distance of 12.84 feet to a point at the northeast corner of Lot 48;
8. S8601 0'33"W, a distance of 60.97 feet to a point at the northwest corner of said Lot 48;
9. S 8 3°31'57"VIII a distance of 4 2.8 2 feet to a point lying in the north line of Lot 47;
10. westerly, 480.48 feet along a non tangent curve to fhe left, having a radius of 5,620.83
feet, a central angle of 04 053'52" and a chord bearing S79 059'35."W,480.34 feet to a point at
the northwest corner of Lot 39, said point lying in the west line of said Tract 1 B;
THENCE N00 020'43"W, a distance of 46.62 feet to a point lying in the south line of Dallas Area
Rapid Transit and the Fort Worth Transportation Authority (DART) tract;
THENCE easterly along said DART south line, 1,624.17 feet along a non tangent curve to the
Trinity Lakes TIF
Project and Financing Plans Exhibit D Page 17 of 20
right, having a radius of 5,679.85 feet, a central angle of 16"23'42" and a chord bearing
N85°52'44"E, 11618.64 feet to a point;
THENCE S85 056'25"E, continuing along said DART south line, at 6,247.34 feet passing a point at
the north west corner of Lot 2AR-11 Texas Industries Addition No. 2, an addition to the City of Fort
Worth, Tarrant County, Texas, according to the plat recorded in Cabinet A, Slide 7186, Plat
Records, Tarrant County, Texas, in all a distance of 6,595.67 feet to a point lying in the north line
of said Lot 2AR-1;
THENCE S44 036'27"E, at 744.25 feet passing an exterior angle point of said Lot 2AR-1, in all a
distance of 874.71 feet to a point at the most northerly southwest corner of said Lot 2AR-1;
THENCE along the south lines of said Lot 2AR-1 as follows:
1. S46 047'31"E, a distance of 242.44 feet to a point;
2. SO4°36'27"E, a distance of 374.75 feet to a point at the southwest corner of said Lot 2AR-
1, said point lying in the north line of Trinity Boulevard;
3. N88 035'33"E, a distance of 1 44.41 feet to a point at the southeast corner of said Lot 2AR-
1;
4. N44 036'27"W, a distance of 298.26 feet to a point;
5. N 15 022'34"E, a distance of 222.44 feet to a point;
6. N29 038'33"E, a distance of 144.64 feet to a point at the most northerly southeast corner of
said Lot 2AR-1;
THENCE N27048'1 311E, a distance of 731.12 feet to a point lying in the north line of said Lot
2AR-11 said paint lying in said DART south line;
THENCE S85 057'27"E, along said DART south line, at 623.64 feet passing an 112"" iron rod
stamped "Britain & Crawford" found at the northeast corner of said Lot 2AR-1, at 1,627.24 feet
passing an 112" iron rod found, in all a distance of 1,635.44 feet to a point at the northeast
corner of a tract of land described in the deed to Texas Industries, Inc., recorded in Volume 57841
Page 475, Deed Records, Tarrant County, Texas, said point lying in the west line of South
Norwood Drive;
THENCE S44 029'34"1E, along the east line of said Texas Industries tract, a distance of 1,1 14.64
feet to an 1/2" iron rod stamped "Britain & Crawford" found at the southeast corner of said
Texas Industries tract, said iron rod lying in said Trinity Boulevard north line;
THENCE N89°38'54"1E, a distance of 72.37 feet to a paint at the southwest corner of Lot 1, Block
41 Bell Helicopter Industrial Park, an addition to the City of Fort Worth, Tarrant County, Texas,
according to the plat recorded in Volume 388-128, Page 11, Plat Records, Tarrant County,
Texas;
THENCE N88 039'26"E, along the south line of said Lot 1, a distance of 1,165.49 feet to a point,
Trinity Lakes TIF
Proiect and Financing Plans Exhibit D - Page 18 of 20
from which an 5/8" iron rod stamped "Carter-Burgess" found at the southeast corner of said Lot 1
bears N88°39126"E 32.53 feet;
THENCE SO °20'34"E, a distance of 120.08 feet to a point at the northeast corner of Lot 1 I'Block
1, Trinity Bell Gardens, an addition to the City of Fort Worth,Tarrant County, Texas, according to
the plat recorded in County Clerk #D211 3069 78,Tarrant County, Texas;
THENCE SO °1 0'23"E, along the east line of said Lot 1, a distance of 730.06 feet to a point at
the s 1
outheast corner of said Lot , said point lying in a north line of a tract of land described in
the deed to Tarrant Acquisitions, Ltd., recorded in County Clerk #D2O5268552, Deed Records,
Tarrant County, Texas;
THENCE along the north lines of said Tarrant Acquisitions tract as follows:
i. N88 053'34"E, a distance of 1,699.04 feet to an 1/2 iron rod stamped "Britain &
Crawford" found;
2. SO0 035'36"E, a distance of 420.00 feet to a point;
3. N89°24'24 11E, a distance of 1,065.86 feet to point lying in said north line, from an 1--1/2"
iron rod found at the northeast corner of said Tarrant Acquisition tract bears N89 024'24"E
1,315.44 feet, said point being the southwest corner of.a tract of land described in the deed to
the City of Hurst, recorded in Volume 3465, Page 268, Deed Records, Tarrant County, Texas and
said point lying in the west line of a tract of land described in the deed to Fort Worth Sand and
Gravel Company, Inc., recorded in Volume 1333, Page 124, Deed Records, Tarrant County,
Texas;
THENCE 500018'52"E, along said west line, a distance of 2,419.34 feet to a point lying in the
south line of said Tarrant Acquisitions tract;
THENCE along the said Tarrant Acquisitions south lines as follows:
1. S89042'55"W, a distance of 199.96 feet to a point, from which an 1/2" iron rod found at
the southeast corner of said Tarrant Acquisitions tract bears N89 042'55"E 1,348.65 feet;
2. 501`1 1'31"W', a distance of 243.22 feet to a point;
3. S89'052'1 6"W1 a distance of 208.89 feet to a point;
4. 501 01' 1131"W, a distance of 417.78 feet to an 1/2" iron rod stamped "Britain &
Crawford" found;
5. S89°52'16"W, a distance of 452.11 feet to an 1/2 iron rod stamped "Britain &
Crawford" found;
6. NO 01 1'44"E, a distance of 659.20 feet to a point;
7. S89 042'55 11W, a distance of 1,3.66.67 feet to an 1/2" iron rod found;
Trinity Lakes TIF
Proiect and Financing Plans Exhibit D - Page 19 of 20
8. S00043'1 9"W, a distance of 1,952.73 feet to a point;
9. S89 059'57"W, a distance of 700.76 feet to a point;
10. N00 040'47"W, a distance of 307.45 feet to a point;
11. S8901 2'56"W.. a distance of 1,036.62 feet to a point;
12. N00 047'04"W, a distance of 1,126.50 feet to a point;
13. S89°12'56"W, at 215.28 feet passing an 112" iron rod stamped "Britain & Crawford"
found, at 265.30 feet passing an 112" iron rod stamped "Britain & Crawford" found, in all a
distance of 891.00 feet to a point;
14. S00°47'04"E, a distance of 1,561.91 feet to a point;
15. N83°17'04"W, a distance of 425.58 feet to a point;
16. SO4 027'56"W, a distance of 488.89 feet to a point;
17. S5301 2'56"W, a distance of 203.47 feet to a point;
18. N38°47'04"W, a distance of 993.75 feet to a point;
19. N25 040'42"W, a distance of 997.38 feet to a cotton spike found at the most northerly
southwest corner of said Tarrant Acquisitions tract;
THENCE N84 001'46"W, a distance of 79.47 feet to the point of beginning, containing 930.965
acres of land.
The bearings recited hereon are oriented to NAD83 Texas North Central Zone.
Trinity Lakes TIF
Project and Financing Plans Exhibit D - Page 20 of 20
Exhibit "E"
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EXHIBIT"C"
RESOLUTION
TARRANT REGIONAL WATER DISTRICT
Tarrant Regional Water District Participation Agreement
Trinity Lakes TIF
Page 9
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