HomeMy WebLinkAboutResolution 2893•
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A RES!!JJOLUTION
No. CX�
DESIGNATION OF MAGNOLIA VILLAGE 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 Magnolia Village Neighborhood
Empowerment Zone ( "Magnolia Village 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 Magnolia Village NEZ benefits and
is for the public purpose of increasing public health, safety and welfare; and
WHEREAS, the City Council finds that the Magnolia Village 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 Magnolia Village NEZ is hereby created as defined by the map shown on Exhibit A.
Section 3. The City Council adopts all basic incentives as described in the Neighborhood Empowerment
Zone Basic Incentives (M &C G 13662) and as amended for the Magnolia Village NEZ.
Section 4 The designation shall expire on November 25 2012.
Adopted this V" ay of J &J , 2002
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-( (,P, LL kj-�
Mayor Kenneth Barr
APPROVED
CITY COUNCIL
City Secretary
,'z NOV 26 2002
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CITY Off' 3r Rte' WORTH Citg of Fort woith, Texas
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EXHIBIT A
Fort Worth Neighborhood Empowerment
Zone
Magnolia Village
General Description
The area to be designated as Magnolia Village Neighborhood Empowerment Zone contains 168
square miles of land and is within the area described below
On the North. Beginning at a point which is the intersection of Henderson Street and the
eastbound service road of Interstate 30 West. Thence eastward along the eastbound service road of
Interstate 30 West to the southbound service road of Interstate 35W
On the East: Beginning at the intersection of the eastbound service road of Interstate 30 West and
the southbound service road of Interstate 35W Thence southbound on the service road of Interstate
35W to Rosedale Street. Thence west on Rosedale Street to the UP RR rail lines. Thence southerly
along the UP RR rail lines to the centerline of Lot 1 Block 1 of the Guinn School Addition
subdivision, as recorded in Volume A, Page 6788, 30F3 of the Tarrant County plat records.
Thence eastward along the centerline of Lot 1 Block 1 of the Guinn School Addition to the
southbound service road of Interstate 35W Thence south on the southbound service road of
Interstate 35W to Allen Avenue.
On the South. Beginning at the intersection of the southbound service road of Interstate 35W and
Allen Avenue. Thence west on Allen Avenue to the BNSF RR rail lines. Thence southerly along
the BNSF rail lines to the centerline of Main Street at Richmond Avenue. Thence west on
Richmond Avenue to Henderson Street. Thence north on Henderson Street to Richmond Avenue.
Thence west on Richmond Avenue to Eighth Avenue. Thence north on Eighth Avenue to Mistletoe
Blvd. Thence west on Mistletoe Boulevard to the FW & WR rail lines. Thence southerly on the
FW & WR rail lines to the southeast corner of Lot 46, Block 8, Frisco subdivision. Thence west
'Row along the southern property lines of Lots 46, 47 49 50 51 and 52, Block 8, Frisco subdivision, as
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recorded in Volume 106, Page 135 of the Tarrant County plat records to the BNSF rail lines.
Thence northerly along the BNSF rail lines to Harrison Avenue. Thence west on Harrison Avenue
to Jerome Street.
On the West: Beginning at the intersection of Jerome Street and Harrison Avenue. Thence north
on Jermone Street to Rosedale Street. Thence west on Rosedale Street to Forest Park Boulevard.
Thence north on Forest Park Boulevard to southern portion of the UP RR rail lines. Thence easterly
along the UP RR rail lines to the point where it is directly parallel to the FW & WR rail lines.
Thence southerly along the FW & WR rail lines to Rosedale Street. Thence east on Rosedale Street
to Henderson Street. Thence north on Henderson Street to Dashwood Street. Thence east on
Dashwood Street to College Avenue. Thence north on College Avenue to Cannon Avenue. Thence
west on Cannon Avenue to Henderson Street. Thence north on Henderson Street to the eastbound
service road of Interstate 30 West, the point of beginning.
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