HomeMy WebLinkAboutOrdinance 10932y,
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ORDINANCE NO % ~!~ ~%`~~~.~'
AN ORDINANCE AMENDING THE CODE OF THE CITY OF FORT WORTH, TEXAS
(1986), AS AMENDED, BY DESIGNATING A CERTAIN AREA WEST OF WILL
ROGERS DRIVE AND SOUTH OF ITS INTERSECTION WITH JOHN BURGESS
DRIVE AS THE FORT WORTH TAX ABATEMENT REINVESTMENT ZONE NO 8,
PROVIDED THAT THIS ORDINANCE SHALL BE CUMULATIVE; PROVIDING A
SEVERABILITY CLAUSE; PROVIDING FOR ENGROSSMENT AND ENROLLMENT;
AND PROVIDING FOR AN EFFECTIVE DATE
WHEREAS, the City Council of the City of Fort Worth,
Texas ("City"), desires to promote the development or
redevelopment of a certain contiguous geographic area within its
jurisdiction by the creation of a reinvestment zone for
commercial/industrial tax abatement, as authorized by the
Property Redevelopment and Tax Abatement Act, V T.C A Tax Code,
Chapter 312, as amended; and
WHEREAS, the City Council has elected by City
Resolution No 1401 to become eligible to participate in tax
abatement, and
WHEREAS, the Property Redevelopment and Tax Abatement
Act further provides that property within a reinvestment zone may
be eligible for, inter alia, commercial/industrial tax abatement,
subject to the governing body of the municipality establishing by
resolution the requirements for such eligibility and entering
into a written tax abatement agreement with the owner of taxable
real property that is located in the reinvestment zone, and
WHEREAS, a public hearing in a regularly scheduled
meeting before the City Council was held at 10.00 a m on the 8th
day of October, 1991, such date being at least seven. (7} days
after the date of publication of the notice of such public
hearing as required by the Tax Code; and
WHEREAS, notice of the public hearing was delivered to
the presiding officer of the governing body of each affected
taxing unit at least seven (7) days before the date of the public
hearing, and
WHEREAS, the City, at such hearing, invited all
interested persons or their representatives to appear and speak
for or against the creation of the proposed reinvestment zone,
the boundaries of the proposed reinvestment zone, whether all or
part of the territory described in this ordinance should be
included in such proposed reinvestment zone, and the ~t of
tax abatement, ~ Q~~~l+~f~t pr~
NOW, THEREFORE, BE IT ORDAINED BY THE CIT ~~~NC~Y,~~~
THE C I TY OF FORT WORTH , TEXAS ' ~~'. ~Q~~~, ~p
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SECTION 1
.7
That the Code of the City of Fort Worth, Texas, (1986)
as amended, is hereby amended by adding to Chapter 32, Taxation,
Article III, a new Division 8, entitled Tax Abatement Reinvest-
ment Zone No 8, which shall read as follows:
DIVISION 8. TAX ABATEMENT REINVESTMENT ZONE NO 8
Section 32-39 4 Findings and Determinations
The facts and recitations contained in the preamble of this
ordinance are hereby found and declared to be true and correct
The City, after conducting such hearings and having heard such
evidence and testimony, has made the following findings and
determinations based on the testimony and evidence presented to
it
(a) That a public hearing on the designation of Tax
Abatement Reinvestment Zone No 8 has been
properly called, held and conducted and that
notices of such hearings have been published as
required by law and delivered to all taxing units
overlapping the territory inside the proposed
reinvestment zone; and
(b) That the boundaries of the reinvestment zone shall
be the boundaries as described in Exhibit "A"
which is attached hereto and made a part hereof,
and
(c) That the creation of the reinvestment zone for
commercial/industrial tax abatement, with
boundaries as described in Exhibit "A'°, and the
improvements sought are feasible and practical
and, will be a benefit to the land included in the
zone and to the City after the expiration of any
Tax Abatement Agreement entered into under
V T C A Tax Code, Section 312.204; and
(d} That the reinvestment zone as described in Exhibit
"A" meets the criteria for the creation of a
reinvestment zone as set forth in V T C A Tax
Code, Section 312 202, as amended, in that it is
reasonably likely as a result of the designation
to contribute to the retention or expansion of
primary employment or to attract major investment
in the zone that would be a benefit to the
property and that would contribute to the economic
development of the City p~~~
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Fr. ~o~r~, ter.
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Section 32-39 5 Designation of Zone
Pursuant to the Property Redevelopment and Tax
Abatement Act, V.T C A Tax Code, Sections 312 001 through
312 209, the City hereby creates a reinvestment zone for
commercialjindustrial tax abatement encompassing the area
described in Exhibit "A" attached hereto and such reinvestment
zone is hereby designated and shall hereafter be designated as
Tax Abatement Reinvestment Zone No. 8, City of Fort Worth, Texas
The designation of this zone expires 5 years after the effective
date of this division and may be renewed for periods not to
exceed 5 years
Section 32-39 6 Effective Date.
This division shall take effect on October 8, 1991
SECTION 2
This ordinance shall be cumulative of all provisions of
ordinances and of the Code of the City of Fort Worth, Texas
(1986), as amended, except where the provisions of this ordinance
are in direct conflict with the provisions of such ordinances and
such Code, in which event conflicting provisions of such
ordinances and such Code are hereby repealed
SECTION 3
It is hereby declared to be the intention of the City
Council that the sections, paragraphs, sentences, clauses and
phrases of this ordinance are severable, and if any phrase,
clause, sentence, paragraph or section of this ordinance shall be
declared unconstitutional by the valid judgement or decree of any
court of competent jurisdiction, such unconstitutionality shall
not affect any of the remaining phrases, clauses, sentences,
paragraphs and sections of this ordinance, since the same would
have been enacted by the City Council without the incorporation
in this ordinance of any such unconstitutional phrase, clause,
sentence, paragraph or section
SECTION 4
The City Secretary of the City of Fort Worth is hereby
directed to engross and enroll this ordinance by copying the
caption and effective date in the minutes of the City Council and
by filing the ordinance in the ordinance records of the City
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• •
SECTION 5
This ordinance shall take effect and be in full force
and effect from and after its passage, and it is so ordained
APPROVED AS TO FORM AND LEGALITY
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CITY ATTORNEY
DATE : ~ . ~' Q ,.
ADOPTED ~l1'~'° ~"" 9'I
EFFECTIVE.
OF~'fC~~ R~G~~
CITY S~~~E~l~R~
FT. ~IO~ TN, ~X, i
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• EXHIBIT "A" .
Being a portion of Block 4, Carter Industrial Park, an addition to
the City of Fort Worth, Texas as recorded in Plat Volume 388/31,
Page 52, County Records, Tarrant County, Texas and being that same
20 acre tract of land as described by deed to The Dow Chemical
Company and recorded in Volume 8055, Page 684 said county records,
and being more particularly described by metes and bounds as
follows:
BEGINNING at a 5/8 inch iron rod with cap stamped '°Carter &
Burgess" found at the southeast corner of said The Dow Chemical
Company Tract in the westerly right-of-way line of Will Rogers
Boulevard (a 110 foot wide public right-of-way), said point being
N 00 15' 30" W, 1817.69 feet from the southeast corner of Lot 1,
Block 4, Carter Industrial Park as recorded in Volume 388/52, Page
02, said county records;
THENCE S 89 45' 00" W, 1197.33 feet along the southerly line of
said The Dow Chemical Company Tract and the northerly line of said
Lot 1, Block 4, Carter Industrial Park to a 5/8 inch iron rod with
cap stamped "Carter & Burgess" found in the easterly line of 53
foot Missouri Pacific Railroad Company right-of-way as recorded in
volume 3690, Page 425 of said county records;
THENCE N 00 09' 30" W, 728.01 feet along said easterly right-of-way
line to a 5/8 inch iron rod with cap stamped "darter & Burgess"
found, the northwest corner of said The Dow Chemical Company Tract;
THENCE N 89 45' 00" E, 1196.06 feet along the northerly line of
said The Dow Chemical Company Tract to a 5/8 inch iron rod with cap
stamped "Carter & Burgess" found in the westerly right-of-way line
of the aforementioned Will Rogers Boulevard;
THENCE S 00 15' 30" E, 728.01 feet along said westerly right-of-way
line of Will Rogers Boulevard to the POINT OF BEGINNING and
containing 20.00 acres or 871,206 square feet of land, more or
less, to be known as Lot 2, Block 4, Carter Industrial Park, an
addition to the City of Fort Worth, Tarrant County, Texas.
OFfN~llt RECOIL
CAY SECRfTAA1'
fT. WOATN, TEX.
~ASfEft FIL£ 1
ACCOUNTING z City of Fort ~or~tl~, ~ex~a.S
"RAPISPORTATION'P~~.~~ or and Council Ca-mmunicati~~n~
n • rER Av MINIS7 R 1
CITY A4N
FIN ANC E•
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E REFER N E NUMBER L G NAME PA E
10!08/91 G-9332 02ZONE8 1 of 1
SUBJECT PUBLIC HEARING AND ORDINANCE DESIGNATING THE FORT WORTH TAX ABATEMENT
REINVESTMENT ZONE N0. 8
RECOMMENDATION:
It is recommended that the City Council take the following action:
1. Hold a public hearing concerning designation of the Fort Worth Tax Abatement
Reinvestment Zone No. 8, and
2. Adopt the attached ordinance which designates the Fort Worth Tax Abatement
Reinvestment Zone No. 8 pursuant to Texas Property Redevelopment and Tax Abatement
Act, Tax Code, Sections 312.001 through 312.209, as amended.
DISCUSSION:
Consideration of this issue as a part of today's agenda serves as a public hearing on
the designation of a reinvestment zone as required by the Property Redevelopment and
_Tax Abatement Act. Notice of this public hearing was published in the newspaper and
delivered to the presiding officer of the governing body of each affected taxing unit
at least 7 days prior to this meeting as required by state law.
The proposed area meets the criteria for the designation of a reinvestment zone, as
required by the Tax Code, in that the area is reasonably likely, as a result of the
designation, to contribute to the retention or expansion of primary employment or to
attract major investment in the zone that would be a benefit to the property and that
would contribute to the economic development of the city In addition, the
improvements sought in the zone are feasible and practical and would be a benefit to
the land to be included in the zone and to the city after any tax abatement agreements
which may be entered in accordance with state law have expired.
The designation of a reinvestment zone expires after 5 years and ~~~r~en~~r~o~
U~tB [[~~e88dd
periods not to exceed 5 years
The Code requires a city to designate a zone prior to entering int x a~a~t~'e~~Y
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