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HomeMy WebLinkAboutResolution 2823;~... ~ A Resolution NO ~ "~ DESIGNATION OF RIDGLEA VILLAGE/COMO AREA AS A NEIGHBORHOOD EMPOWERMENT ZONE WHEREAS, on April 25 2000 the City of Fort Worth City Council ("Council's 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 Ridglea Village/Como Neighborhood Empowerment Zone ("Ridglea Village/Como NEZ") would promote (1) the creation or rehabilitation of affordable housing m the zone, or (2) an increase in economic development m the zone, or (3) an increase m 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 Ridglea Village/Como NEZ benefits and is for the public purpose of increasing public health, safety and welfare; and WHEREAS, the City Council finds that the Ridglea Village/Como 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 m the preamble of this Resolution are hereby found and declared to be true and correct. Section 2. The Ridglea Village/Como NEZ is hereby created as defined by the map shown on Exhibit A. Section 3. The City Council adopts all basic incentives as described m the Neighborhood Empowerment Zone Basic Incentives (Attached as Exhibit B) for the Ridglea Village/Como NEZ. Section 4 The designation shall expire on April 1 2012. Adopted this ~ day of f L , 2002 CP ~.~.~.,~,~ Mayor Kenneth Barr (;l'1'Y OF FORT WORTH ,. , 1 • ~r ^/~r~ ii s x W • • r "~ • 1 EXHIBIT A Fort Worth Neighborhood Empowerment Reinvestment Zone No 2 General Description The area to be designated as Fort Worth Neighborhood Empowerment Reinvestment Zone No 2 for tax abatement purposes contains 1 49 square miles of land and is described below On the North Beginning at the intersection of Camp Bowie Boulevard and the eastbound service road of Interstate 30 West. Thence east on the eastbound service road to Neville Street. On the East. Beginning at the intersection of the eastbound service road of Interstate 30 West and Neville Street. Thence south on Neville Street to the unnamed creek flowing southeast from Lake Como Thence southeast along the creek centerline to its intersection with the northeastern corner of Lot 1, Block 70 of the Chamberlain Arlington Heights Subdivision, Second Addition. Thence south along the eastern property lines of Lots 1 and 40, Block 70 Lots 1 and 40, Block 73, Lots 1 and 40, Block 88, Lots 1 and 40, Block 91, Lots 1 and 40, Block 106, Lots 1 and 40 Block 109, Lot 1, Block 124, of the Chamberlain Arlington Heights Subdivision, Second Addition, as recorded in Volume 63, Page 44, and of Lots 3A and 37R, Block 124R, as recorded in Volume 388 139, Page 96 of the Tarrant County plat records, to Vickery Boulevard. This line also coincides with the r o w of the platted, but unconstructed portion of Pentecost Street, part of the Chamberlain Arlington Heights Subdivision, Second Addition plat, as recorded in Volume 63, Page 44 of the Tarrant County plat records. The entire eastern boundary described above also coincides with the shared eastern boundary of the Lake Como and East Libby Avenue Neighborhood Associations. • On the South Beginning at the intersection of the above described boundaries of the Chamberlain Arlington Heights Subdivision, Second Addition, also described as the shared eastern boundary of the Lake Como 1 of 3 r. -~~: a . • and East Libby Avenue Neighborhood Associations, and Vickery • Boulevard. Thence southwest along Vickery Boulevard to its intersection with Ridglea Lane On the West Beginning at the intersection of Vickery Boulevard and Ridglea Lane Thence north along the paved Ridglea Lane to its termination at the southeastern corner of Lot 16, Block 51 of the Ridglea Addition, as recorded m Volume 388-G, Page 14 of the Tarrant County plat records Thence continue north along the rear property lines of lots 16 through 6, Block 51, the eastern terrrnnus of Ridgeway Street, and the eastern property line of Lot 5, Block 51, of the Ridglea Addition, all recorded in Volume 388-G, Page 14 of the Tarrant County plat records, to the northeastern corner of said Lot 5 Thence west along the rear lot lines of lots 5, 4, 3, 2 and 1, Block 51, Ridglea Addition, as recorded in Volume 388-G, Page 14 of the Tarrant County plat records, to Westridge Avenue Thence north and northwest along Westridge Avenue to its intersection with Ridglea Place Thence west around the circle on Ridglea Place to • Bernie Anderson Avenue Thence northwest along Berme Anderson Avenue to Camp Bowie Boulevard. Thence northeast along Camp Bovcne Boulevard to Fairfield Avenue Thence northwest along Fairfield Avenue • to the rear property line of Lot F, Block 20, Ridglea Addition, as recorded in Volume 6927, Page 2377, of the Tarrant County deed records. Thence northeast along said property line to Westndge Avenue Thence southeast along Westridge Avenue to Camp Bowie Boulevard. Thence northeast along Camp Bowie Boulevard to its intersection with the eastbound service road of Interstate 30 West. Description of Mixed Use Village Boundaries On the North Beginning at the intersection of Bernie Anderson Avenue and Camp Bowie Boulevard. Thence northeast along Camp Bowie Boulevard to Fairfield Avenue Thence northwest along Fairfield Avenue to the rear property line of Lot "F, Block 20, Ridglea Addition, as recorded in Volume 6927, Page 2377 of the Tarrant County deed records Thence northeast along said property line to Westridge Avenue Thence southeast along Westndge Avenue to Camp Bowie Boulevard. Thence northeast along Camp Bowie Boulevard to its intersection with Bryant Irvin Road North. 2 of 3 .4~ On the East. Beginning at the intersection of Camp Bowie Boulevard and • Bryant Irvin Road North. Thence south along Bryant Irvin Road North to the southern property line of Lot 1, Block B, Ridgeway Manors Addition. On the South Beginning at the intersection of Bryant Irvin Road North and the southern property line of Lot 1, Block B, Ridgeway Manors Addition, as recorded in Volume 14138, Page 4, of the Tarrant County deed records Thence west along said property line to Westridge Avenue On the West: Beginning at the intersection of said property line and Westndge Avenue Thence north and northwest along Westndge Avenue to its intersection Ridglea Place Thence west around the circle on Ridglea Place to Bernie Anderson Avenue Thence northwest along Bernie Anderson Avenue to Camp Bowie Boulevard • • 3 of 3