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HomeMy WebLinkAboutResolution 3869-03-2010A Resolution NO 3869-03-2010 ADOPTING THE 2009 UPDATE TO THE STOP SIX NEIGHBORHOOD EMPOWERMENT ZONE PLAN AND INCORPORATING THE PLAN BY REFERENCE IN THE COMPREHENSIVE PLAN WHEREAS on April 25 2000 (M&C G-12897) the City Council approved a Policy Statement on the Creation of Local Neighborhood Empowerment Zones (NEZ) m accordance with Chapter 378 of the Texas Local Government Code; and WHEREAS on October 3 2000 (M&C G-13030), the Crty Council approved Fort Worth s NEZ Administrative Procedures, which include criteria to determine eligible areas, the development of a basic incentives package, and elements to include m NEZ Plans, and WHEREAS on April 17 2001 (Resolution No 2721), the City Council designated the Stop Six neighborhood as an NEZ, and on February 24 2004 expanded the Stop Six NEZ (Resolution No 3048) in order to promote 1) the creation or rehabilitation of affordable housing m the zone, 2) an increase in economic development in the zone, and 3} an increase m the quality of social services, education or public safety provided to residents of the zone; and WHEREAS on June 5 2001 (M&C G-13208R), the City Council approved basic incentives that include municipal property tax abatement, development fee waivers, impact fee waivers, and release of Crty liens for qualified properties or projects m designated NEZs, and WHEREAS on June 26 2001 the City Council adopted a Stop Six NEZ Plan (Resolution No 2742) that was prepared by Crty staff m consultation with Historic Stop Six Empowerment Coalition (HSSEC) and WHEREAS m accordance with the Texas Property and Redevelopment and Tax Abatement Act, Tax Code, Chapter 312, which enables Fort Worth NEZs to be eligible for residential, commercial, and industrial tax abatement agreements, on September 1 2001 the City Council designated Stop Six NEZ as Fort Worth Neighborhood Empowerment Reinvestment Zone (FWNERZ) No 1 (Ordinance No 14767), and on February 24 2004 designated Stop Six NEZ and its expanded areas as FWNERZ No 17 (Ordinance No 15886), and on February 17 2009 renewed FWNERZ No 17 at its five year expiration (Ordinance No 18482) and WHEREAS City staff, m consultation with HSSEC, updated and enhanced the Stop Six NEZ Plan in 2009 by 1) providing current demographic and real estate data, 2} addressing changes m economic conditions, 3) including residential, commercial, and industrial design guidelines, 4) listing stakeholder-preferred and unsupported project types, 5) updating target redevelopment areas, and 6) ORT~W "~" RESOLUTION NO 3869-03-2010 including highlights on the redevelopment progress made as a result of the NEZ designation m 2001 and WHEREAS a public meeting was held on November 5 2009 to receive feedback on the draft Stop Six NEZ plan, and WHEREAS, the Crty Plan Commission held a public heanng on February 24 2010 to receive feedback on the plan and recommended to City Council that the 2009 update to the Stop Six NEZ Plan be adopted and incorporated into the Crty's Comprehensive Plan, NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF FORT WORTH, TEXAS 1 The 2009 update of the Stop Six Neighborhood Empowerment Zone Plan is adopted and incorporated into the Comprehensive Plan by reference. Adopted this 23rd day of March 2010 ATTEST ~r~w7~~ ~'f l ` j'" ~l~('p .~,.._.~ ~ ~r s APPROVED CITY COUNCIL By M oxxW_ o MAR 2 3 2010 ~ ~~ City Secretary of the City o! Foct Worth. Texas