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Home My WebLink AboutResolution 4553-12-2015 Resolution NO. 4553-12-2015 DESIGNATION OF HIGHLAND HILLS AREA AS A NEIGHBORHOOD EMPOWERMENT ZONE WHEREAS, on April 25, 2000, the City of Fort Worth City Council ("Council") approved a Policy Statement on the Creation of Local Neighborhood Empowerment Zones, which were readopted on December 7, 2010; and WHEREAS, on October 3, 2000, the City Council approved the criteria to determining whether an area would be eligible to be designated as a Neighborhood Empowerment Zone, which were readopted on December 7, 2010; and WHEREAS, the City Council finds that the creation of the Highland Hills Neighborhood Empowerment Zone ("Highland Hills NEZ") and granting the NEZ incentives to certain zoning districts would promote (1) the creation or rehabilitation of affordable housing in the zone, or (2) an increase in economic development in the zone, or(3) an increase in the quality of social services, education or public safety provided to the residents of the zone; and WHEREAS, the City Council finds that the creation of the Highland Hills NEZ benefits and is for the public purpose of increasing public health, safety and welfare; and WHEREAS, the City Council finds that the Highland Hills NEZ satisfies the requirements of§312.202 of the Tax Code to permit tax abatements for eligible properties. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF FORT WORTH,TEXAS THAT: Section 1. The facts and recitations contained in the preamble of this Resolution are hereby found and declared to be true and correct. Section 2. The Highland Hills NEZ is hereby created as defined by the legal description and map attached as Exhibit A. Section 3. The City Council adopts all basic incentives as described in the Neighborhood Empowerment Zone Basic Incentives as amended. Section 4. The designation shall expire on December 14, 2025. lid Adopted this 151h day of December, 2015. A 00000000 o ATTEST: '0 0"00 0 smug 0 $ G� 0 0 6 /' ,^„ 00 0 By: j� 000000° 1. er, r/ Mary J. ys City Secretary ' ORT ORT ATTACHMENT A HIGHLAND HILLS NEIGHBORHOOD EMPOWERMENT ZONE &HIGHLAND HILLS NEIGHBORHOOD EMPOWERMENT REINVESTMENT ZONE No.92 GENERAL DESCRIPTION An area of land to be known as the"Highland Hills"NEZ, all that certain lots, tracts or parcels of land and being more particularly described by bounds as follows; BEGINNING at the intersection of the centerline of Oak Grove Road and the centerline of the Interstate Highway 20/ Southeast Loop 820 East Bound Service Road; THENCE easterly with said centerline, to its intersection with the centerline of Campus Drive; THENCE southwesterly with said centerline, to its intersection with the centerline of the main track of the Union Pacific Railroad; THENCE southeasterly with said centerline,to its intersection with the northerly projection of the most east line of Block 13, Shelby County School Land Survey, Abstract 1375, Tract 13AOIA, according to the plat thereof recorded at County Clerks Instrument number D 198102510; THENCE southeasterly with said projection, to and along said east line, to its intersection with the northerly projection of the most north east line of Block 13, Shelby County School Land Addition, Abstract 1375, Tract 13A02, according to the plat thereof recorded at County Clerks Instrument number DI98102510; THENCE southeasterly with said projection, to and along said east line, to its intersection with the northerly projection of the most north east line of Block 13, Shelby County School Land Addition,Abstract 1375, Tract 13J, according to the plat thereof recorded at County Clerks Instrument number D206079862; THENCE southeasterly with said centerline,to and along said east line, and its projection southerly to its intersection with the centerline of Joel East Road; THENCE westerly with said centerline, to its intersection with the centerline of Oak Grove Road; THENCE northerly with said centerline,to its intersection with the centerline of Altamesa Boulevard; THENCE westerly with said centerline,to its intersection with the southerly projection of the most south west line of Tract 1, Hudson, James Survey, Abstract 739 according to the plat thereof recorded at County Clerks Instrument number D201238868; THENCE northerly with said projection,to and along said west line,to its intersection with the southerly projection of the most south west line of Tract 3, Garrison, Mitchell Survey Abstract 598, according to the plat thereof recorded at County Clerks Instrument number D201238868; THENCE northerly with said projection,to and along said west line,to and along most north west line, to its intersection with the southerly projection of the most east south line of Tract Ij, Oldham, Leigh Survey Abstract 1198, School Boundary Split, according to the plat thereof recorded at County Clerks Instrument number D195009946; THENCE westerly with said projection, to and along said south line, and its projection westerly to its intersection with the centerline of Interstate Highway 3 5 W/ South Freeway Service Road North Bound; THENCE northerly with said centerline, to its intersection with the centerline of Interstate Highway 20/Southeast Loop 820 East Bound Service Road; THENCE easterly with said centerline, to the PLACE OF BEGINNING, and containing some 1.68 square miles of land, more or less. r , f I i r E r Q , i ^mm K Y O ` J r G7 N3aMONs (IN 9 CIO r o 7 N3111HM � r �O .l3lSN ¢ , Sa3J021 1lIM .� 3 e, m O� A02iN0� mi ? ,fq c O CO o m m o CD i Z CV rn 2 CID) �� . � 0 (6 �d LLI 3 ca cn N Hlnos 1re -0 o M 0 Ly 0 }fZ o ow ' „ ,' Neala c m c U (A IL U 110 City � of Fort Worth, Texas Mayor an = Council Communication COUNCIL ACTION: Approved on 12115/2015 - Ordinance No. 22005-12-2015 & Resolution No. 4553-12-2015 DATE: Tuesday, December 15, 2015 REFERENCE NO.: G-18630 LOG NAME: 17N8NEZH|GHLAN[)H|LLS SUBJECT_: Conduct Public Hearing, Adopt Resolution Designating an Area as the Highland Hills Neighborhood Empowerment Zone and Adopt Ordinance Establishing the Fort Worth Neighborhood Empowerment Reinvestment Zone No. 92 (COUNCIL DISTRICT 8) RECOMMENDATION: |tia recommended that the City Council: 1. Adopt the attached resolution designating an area as the Highland Hills Neighborhood Empowerment Zone; 2. Conduct a public hearing regarding the establishment of the Fort Worth Neighborhood Empowerment Reinvestment Zone No. 92. pursuant to the Texas Property Redevelopment and Tax Abatement Act, Tax Code Chapter and .' 3. Adopt the attached ordinance establishing the Fort Worth Neighborhood Ernpnvvonnmnt Reinvestment Zone No. 92, pursuant to the Texas Property Redevelopment and Tax Abatement Act, Tax C|ode, Chapter 312. DISCUSSION: The City Council approved the Policy Statement on the Creation of Local Neighborhood Empowerment Zone's (NEZ) on April 25. 2OOO (K8fkCG-128S7) and amended iton December 7' 2O1O (W1&CG47133). in accordance with Chapter 378of the Texas Local Government Code. The City Council also authorized the City Manager to identify neighborhood areas that may be eligible for NEZ designation and to develop administrative procedures for the NEZProgram. The NEZ Administrative Procedures were adopted by the City Council on October 3, 2000 (M&C G- 13030) andamandadonK8oy15. 2OO7ondDaoembar7. 2O1Utoinitiateinoprovedprogram requirements. The procedures included two methods by which aNEZ may bedesignated: 1. City Council designation; or 2. A neighborhood sponsor application process. On May 19. 2015, (Resolution No. 4455-05-2015' M&C G-18479\ the City Council elected toremain eligible to participate in tax abatements and has established guidelines and criteria governing Tax Abatement Agreements entered into by the City and various third portiao, as authorized by and in accordance with Chapter 312of the Texas Tax Code. I.ogunnze: 17NS NBZHUG]ILANDHI[]LS Page lo[3 The proposed Highland Hills NEZ will be created by the City Council upon the adoption of the Resolution attached to this Mayor and Council Communication. The area within the Highland Hills NEZ is also being proposed as Fort Worth Neighborhood Empowerment Reinvestment Zone No. 92 (FWNERZ), pursuant to the Texas Property Redevelopment and Tax Abatement Act, Tax Code, Chapter 312, so that tax abatements may be granted within the designated area. The main boundaries of the proposed Highland Hills NEZ and Reinvestment Zone are: • Interstate Highway 20/Southeast Loop 820 East Bound Service Road on the north; • Oak Grove Road, Tract 1, Hudson James Survey and Interstate Highway 35W South Freeway Service Road North Bound on the west; • Joel East Road and Altamesa Boulevard on the south; and • Campus Drive and the Union Pacific Railroad on the east. The proposed Highland Hills NEZ and Reinvestment Zone have a population of 2,366 persons, is 1.68 square miles in size and meets the following designation requirements under the City's NEZ policy: • Promotes the creation of quality affordable housing in the zone; • Will bring about economic development in the zone; • The proposed NEZ area is 93 percent Community Development Block Grant (CDBG) eligible; • Is considered distressed based on census data on population, socio-demographics and other factors; and • Meets criteria for Reinvestment Zone designation 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. The public hearing notice was published in the Fort Worth Star-Telegram on November 6, 2015. The proposed Highland Hills NEZ and FWNERZ No. 92 are located in COUNCIL DISTRICT 8. FISCAL INFORMATION / CERTIFICATION: The Financial Management Services Director certifies that approval of the above recommendations will have no material effect on the Fiscal Year 2016 budget. While no current year impact is anticipated from this action, upon approval, reduced revenues will be included in the long-term forecast associated with years 2017-2021 to capture the anticipated impact of tax abatements resulting from the designation of the Highland Hills Neighborhood Empowerment Zone. FUND IDENTIFIERS (FIDs): TO Fund Department ccoun Project Program ctivity Budget Reference # moun ID ID Year Chartfield 2 FROM Fund Department ccoun Project Program ctivity Budget Reference # mountl ID ID Year Chartfield 2 Logname: 17NS NEZHIGHLANDHILLS Page 2 of 3 CERTIFICATIONS: Submitted for City Manager's Office by_ Fernando Costa (6122) Originating Department Head: Allison Gray (8187) Additional Information Contact: Sarah Odle (7316) Logname: 17NS NEZHIGHLANDHILLS Page 3 of 3