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HomeMy WebLinkAboutResolution 2950~~ A R u~io~ No. ~C..~ DESIGNATION OF HISTORIC HANDLEY 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, 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; and WHEREAS, the City Council finds that the creation of the Historic Handley Neighborhood Empowerment Zone ("Handley NEZ") 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 Historic Handley NEZ benefits and is for the public purpose of increasing public health, safety and welfare; and WHEREAS, the City Council finds that the Historic Handley NEZ satisfies the requirements of §312.202 of the Tax Code. 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 Historic Handley 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 (M&C G-13662R and C 19551) and as amended for the Historic Handley NEZ. Section 4. The /des~ig.}tption shall expire on May 26, 2013 Adopted this / ((d~~aJJy of , 2003 A~~Ca,. ~~ ATTEST ~~` Secretary ~,-n ~~ MAY 2~ rCSty,mC~rort,~,F~E~#~,'ri tsx~s"3 ~y ,~ ~' .. -- EXHIBIT A Historic Handley Neighborhood Empowerment Zone General Description The area to be designated as the Historic Handley Neighborhood Empowerment Zone contains 1.27 square Holes of land and is within the area described below On the North. Begmmng at the intersection of Weiler Boulevard and Meadowbrook Dnve, thence east along Meadowbrook Dnve, to the intersecrion of Meadowbrook Dnve and the southbound frontage road of Interstate Highway 820 East, thence south along the southbound frontage road of Interstate Highway 820 East to the intersection with Craig Street, • thence east along Craig Street to its intersection with Rosehill Street. On the East: Begmmng at the intersection of Craig Street and Rosehill Street, thence south along Rosehill Street to its intersection with East Lancaster Avenue, thence continuing directly south across East Lancaster Avenue to the Union Pacific Railroad right-of--way, thence continuing directly south across the Union Pacific Railroad right-of-way to the city limits of Arlington, also being a point on the southern boundary of the Union Pacific Railroad right-of way, thence west along said southern boundary of the Umon Pacific Railroad right-of--way, to a point that is the boundary line of the city limits of Fort Worth and the city linuts of Arlington, thence south along the boundary line of the city lirruts of Fort Worth and Arlington to its intersection with East Rosedale Street. On the South Beginning at the intersection of the ~omt boundary line of the city limits of Fort Worth and Arlington and East Rosedale. Street, thence west along East Rosedale Street to its intersection with the northbound frontage road of Interstate Highway 820 East, thence north along the northbound frontage road of Interstate Highway 820 East to the . intersection with the northern boundary of the Union Pacific Railroad nght- 1 of 2 t~~~ II ~~ of-way, thence west along said northern boundary of the Umon Pacific Railroad nght-of--way to the intersection with Weiler Boulevard. On the West: Beginning at the intersection of the northern boundary of the Umon Pacific Railroad nght-of--way and Weiler Boulevard, thence north along Weiler Boulevard, to East Lancaster Avenue, thence west along East Lancaster Avenue to the continuation of Weiler Boulevard, thence north along Weiler Boulevard, to the point of beginning. • 2 of 2 g H -, =tip W •T ..~L~ V L f~ I