HomeMy WebLinkAboutOrdinance 19961-11-2011ORDINANCE NO. 19961-11-2011
AN ORDINANCE DESIGNATING A CERTAIN AREA IN THE
CITY OF FORT WORTH AS "TAX ABATEMENT
REINVESTMENT ZONE NUMBER SEVENTY-SEVEN, CITY OF
FORT WORTH, TEXAS"; PROVIDING THE EFFECTIVE AND
EXPIRATION DATES FOR THE ZONE AND A MECHANISM
FOR RENEWAL OF THE ZONE; AND CONTAINING OTHER
MATTERS RELATED TO THE ZONE.
WHEREAS, pursuant to the City Council's adoption on June 22, 2010 of
Resolution No. 3895-06-2010 (the "Tax Abatement Policy"), the City of Fort Worth,
Texas (the "City") has elected to be eligible to participate in tax abatement and has
established guidelines and criteria governing tax abatement agreements entered into
between the City and various third parties, as authorized by and in accordance with the
Property Redevelopment and Tax Abatement Act, codified in Chapter 312 of the Texas
Tax Code (the "Code"); and
WHEREAS, the City Council desires to promote the development of the area in
the City more specifically described in Exhibit "A" of this Ordinance (the "Zone")
through the creation of a reinvestment zone for purposes of granting a
commercial/industrial tax abatement, as authorized by and in accordance with Chapter
312 of the Code; and
WHEREAS, Alcon Laboratories Holding Corporation or an affiliate thereof
("Company") is considering an expansion and renovation of the existing Alcon facilities
located at 6201 South Freeway. The expansion and renovation project would involve the
expenditure of at least $3,000,000 in real property improvements and the installation of at
Page 1
Ordinance Designating Tax Abatement Reim, estment Zone Number Seventy -Seven,
City of Fort Worth, Texas
Ordinance No. 19961-1 1-21)1 1
least $8,000,000 in non -inventory taxable personal property (collectively, the
"Improvements"); and
WHEREAS, Company has applied for a real and personal property tax abatement
from the City in return for the construction and installation of the Improvements in the
Zone and compliance with certain other employment and spending commitments that will
foster economic development in the Zone and the City in general; and
WHEREAS, on November 1, 2011 the City Council held a public hearing
regarding the creation of the Zone, received information concerning the Improvements
proposed for the Zone and afforded a reasonable opportunity for all interested persons to
speak and present evidence for or against the creation of the Zone ("Public Hearing"),
as required by Section 312.201(d) of the Code; and
WHEREAS, notice of the Public Hearing was published in a newspaper of
general circulation in the City on October 24, 2011, which satisfies the requirement of
Section 312.201(d)(1) of the Code that publication of the notice occur not later than the
seventh day before the date of the public hearing; and
WHEREAS, in accordance with Sections 312.201(d)(2) and (e), of the Code
notice of the Public Hearing was delivered in writing not later than the seventh day
before the date of the public hearing to the presiding officer of the governing body of
each taxing unit that includes in its boundaries real property that is to be included in the
proposed Zone;
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF
THE CITY OF FORT WORTH, TEXAS:
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Ordinance Designating Tax Abatement Reinvestment Zone Number Seventy -Sex en.
City of Fort Worth, Texas
Ordinance No. 1 99h 1-1 1-201 1
Section 1.
FINDINGS.
That after reviewing all information before it regarding the establishment of the
Zone and after conducting the Public Hearing and affording a reasonable opportunity for
all interested persons to speak and present evidence for or against the creation of the
Zone, the City Council hereby makes the following findings of fact:
1.1. The statements and facts set forth in the recitals of this Ordinance are true and
correct. Therefore, the City has met the notice and procedural requirements
established by the Code for creation of a reinvestment zone under Chapter 312 of
the Code.
1.2. The Improvements proposed for the Zone, as more specifically outlined in the
Public Hearing, are feasible and practical and, once completed will benefit the
land included in the Zone as well as the City for a period in excess of ten (10)
years, which is the statutory maximum term of any tax abatement agreement
entered into under the Chapter 312 of the Code.
1.3. As a result of designation as a reinvestment zone, the area within the Zone is
reasonably likely to contribute to the expansion of primary employment and to
attract major investment in the Zone that will be a benefit to property in the Zone
and will contribute to the economic development of the City.
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Ordinance Designating Tax Abatement Rein%estment Lone Number Sexenty-Sex en,
City of Fort Worth, Texas
Ordinance No. I9%1-1 1-2111 I
Section 2.
DESIGNATION OF ZONE.
That the City Council hereby designates the Zone described in the boundary
description attached hereto as Exhibit "A" and made a part of this Ordinance for all
purposes as a reinvestment zone for purposes of granting a business expansion tax
abatement, as authorized by and in accordance with Chapter 312 of the Code. This Zone
shall be known as "Tax Abatement Reinvestment Zone Number Seventy -Seven, City of
Fort Worth, Texas." This project is eligible for a business expansion
(commercial/industrial) tax abatement pursuant to Section 6.2 of the Tax Abatement
Policy.
Section 3.
TERM OF ZONE.
That the Zone shall take effect upon the effective date of this Ordinance and
expire five (5) years thereafter. The Zone may be renewed by the City Council for one or
more subsequent terms of five (5) years or less.
Section 4.
SEVERABILITY.
That if any portion, section or part of a section of this Ordinance is subsequently
declared invalid, inoperative or void for any reason by a court of competent jurisdiction,
the remaining portions, sections or parts of sections of this Ordinance shall be and remain
Page 4
Ordinance Designating Tax Abatement Reinvestment Zone Number Seventy -Seven,
City of Fort Worth, Texas
Ordinance No. 19961-1 1-201 1
in full force and effect and shall not in any way be impaired or affected by such decision,
opinion or judgment.
Section 5.
IMMEDIATE EFFECT.
That this Ordinance shall take effect upon its adoption.
ADOPTED AND EFFECTIVE: November 1, 2011
APPROVED AS TO FORM AND LEGALITY:
By
Peter Vaky
Deputy City Attorney
M&C: G-17415
Page 5
Ordinance Designating Fax Abatement Reinvestment Zone Number Seventy -Seven,
City of Fort Worth, Texas
Ordinance No. I 9961-1 1-21)1 I
EXHIBIT "A"
BOUNDARY DESCRIPTION OF ZONE
Alcon Main Campus — South
(Plat Volume 388-183, pg. 42; Lot AR Block 1)
Description
Whereas Alcon Laboratories, Inc. being owner of the following described tract of land,
out of the Sarah J. Rhodes Survey, Abstract No. 1326, situated in Tarrant County, Texas,
and being a revision of Lot A, Block 1, Alcon Addition as recorded in Volume 388-52,
Page 87. P.R.T.C.T., and a portion of Alcon Laboratories, Inc. as recorded in Volume
6891, Page 938, Deed Records Tarrant County, Texas, and being more particularly
described as follows:
Beginning at a Highway Department iron for the Northwest corner of this tract, said point
being the Northeast corner of a 3.607 acre tract conveyed to the State of Texas for
additional right-of-way for U.S. Highway No. 81 by the deed recorded in Volume 4647,
Page 747, (D.R.T.C.T);
Thence West 1534.30 feet along the south line of Lot B, Block 1 Alcon Addition to an
iron pin, said point being the Northeast corner of the herein described tract;
Thence South 00 degrees 37 minutes East 666.91 feet to a point in the south right-of-way
line of the future Alta Mesa Boulevard;
Thence South 89 degrees 52 minutes 23 seconds West 660.50 feet along said south line to
a point;
Thence leaving said Southline, North 00 degrees 08 minutes 25 seconds West 60 feet to
the centerline of said Alta Mesa Boulevard:
Thence South 89 degrees 51 minutes 35 seconds West 512.00 feet along said centerline:
Thence leaving said centerline, North 00 degrees 55 minutes East 60 feet to an iron pin:
Thence South 89 degrees 37 minutes 48 seconds West 150.00 feet to a Highway
Department iron, said iron being in the East line of the said U.S. Highway No. 81 tract,
said line also being the east right-of-way line for Interstate Highway 35W:
Thence North 48 degrees 11 minutes 12 seconds West 154.05 feet with said right-of-way
line to a Highway Department iron, said point being on a curve to the left with a radius of
736.20 feet, of which the chord bears North 13 degrees 53 minutes 12 seconds West
47.11 feet:
Thence along said curve, with the I-35W right-of-way, 47.12 feet to a Highway
Department iron:
Ordinance Designating Tax Abatement Reinvestment Zone Number Seventy -Seven,
City of Fort Worth, Texas
Thence North 15 degrees 49 minutes 12 seconds West 248.84 feet along said I-35 right of
way line to a Highway Department iron, said point being on a curve to the right with a
radius of 696.20, of which the chord bears North 8 degrees 58 minutes 59 seconds West
164.65 feet:
Thence along said curve, with the I-35W right-of-way, 164.83 feet to the POINT OF
BEGINNING and containing 21.022 acres of land: do hereby designate therein described
property as Lot AR, Block 1, ALCON ADDITION, an addition to the City of Fort Worth,
Tarrant County, Texas and do hereby dedicate to public use forever the shown easements
and rights -of -way for the purpose and consideration thereby expressed.
Alcon Electrical Substation Property
(Plat Cabinet A Slide 9253; Lot AR-2, Blockl)
Description
WHEREAS, ALCON LABORATORIES, INC., acting by and through the undersigned,
its duly authorized agent, is the sole owner of a tract of land located in the JAMES
HUDSON SURVEY, Abstract No. 739, in the City of Fort Worth, Tarrant County, Texas
according to the deed recorded in Volume 15166, Page 038 of the Deed of Records of
Tarrant County, Texas (D.R.T.C.T.), and being more particularly described as follows:
Beginning at a 1/2-inch capped iron rod (stamped "SRA 3225") set for the POINT OF
BEGINNING on the south line of said tract, same being the north right-of-way line of
Alta Mesa Boulevard, being NOO°07'57"W, 132.00 feet and N89°52'03"E, 31.06 feet
from the northeasterly corner of Lot 2, Block 1, Madison Addition to the City of Fort
Worth, Tarrant County, Texas, according to the plat recorded in Cabinet A, Slide No.
6495 of the Plat Records of Tarrant County, Texas (P.R.T.C.T.);
Thence S89°52'03"W, along the north right-of-way line of Alta Mesa Boulevard, a
distance of 351.41 feet to a 1/2-inch capped iron rod (stamped "SRA 3225") set for a
corner;
Thence NOO°08'55"W, departing said right-of-way line, a distance of 195.00 feet to a 1/2-
inch capped iron rod (stamped "SRA 3225) set for a corner;
Thence N89°52'03"E, a distance of 400.00 feet to a 1/2-inch capped iron rod (stamped
"SRA 3225") set for a corner;
Thence SOO°27'37"E, a distance of 158.09 feet to a 1/2-inch capped iron rod (stamped
"3225") set for a corner on a right-of-way corner clip for Campus Drive and Alta Mesa
Boulevard;
Thence S53°07'27"W, along said right-of-way corner clip, a distance of 61.71 feet to the
POINT OF BEGINNING and containing 77,187 square feet or 1.772 acres of land, more
or less.
Ordinance Designating Tax Abatement Reinvestment Zone Number Seventy -Seven,
City of Fort Worth, Texas
NOW, THEREFORE, KNOW ALL MEN BY THESE PRESENTS:
THAT, James T. Murphy, agent for ALCON Laboratories, does hereby adopt this plat
designating the hereinabove described real property as Lot AR-2, Block 1, ALCON
ADDITION, an addition to the City of Fort Worth, Tarrant County, Texas, and do hereby
dedicate to the publics' use the streets and easements shown thereon.
Alcon Main Campus — North
(Plat Volume 388-136, pg. 33; Lot B, Block 1)
Description
A part of the S.J. Rhodes Survey, Abstract No. 1326, situated about 7 miles south 10
degrees east from the courthouse in Tarrant County, Texas; and embracing all of the 84-
6/10 acres tract described in the deed to Alcon Laboratories, Inc. recorded in volume
2854, page 501 of the Tarrant County Deed Records.
Beginning at the northeast corner of the said S.J. Rhodes Survey and said 84-6/10 acres
tract;
Thence south no degrees-38 minutes east, along the east line of the said Rhodes Survey
and the west line of the M. Garrison Survey, Abstract No. 598 for the east line of the said
84-6/10 acres tract and the west line of the tract described in the deed to Carter
Foundation Production Company recorded in Volume 3587, page 319 of the said Deed
records to and along the west line of the J. Hudson Survey, Abstract No. 739, a distance
of 1515-8/10 feet.
Thence west, along the south line of the said 84-6/10 acres tract and the north line of the
42-24/100 acres tract described in the deed to South Freeway Corporation recorded in
volume 3490, page 55 of said Deed Records, 2430 feet to the southwest corner of said
84-6/10 acres tract in the east right of way line of U.S. Highway No. 81 (North -South
Freeway).
Thence north no degrees-38 minutes west, along the said east right of way line of
Highway, along the west line of the said 84-6/10 acres tract, 1515-8/10 feet to the
northwest corner of said 84-6/10 acres tract in the north line of the said Rhodes Survey.
Thence east, along the north line of the said Rhodes Survey and 84-6/10 acres tract and
the south line of the tract described in the deed to Henry H. Dickerson, Trustee, recorded
in volume 4745, page 951 of the said Deed Records and the south line of the L. Oldham
Survey, Abstract No. 1198, to and along the northerly south line of the said Garrison
Survey, 2430 feet to the place of beginning.
Ordinance Designating -tar Abatement Rcin‘estment Zone Number Seventy -Seen,
Cit.), of Fort Worth, Texas
Alcon South Campus — West
(Plat Cabinet A, Slide 1474; Lot E, Block 2)
Description
Whereas Alcon Laboratories, Inc. being Owner of the following described tract of land,
in the Sarah J. Rhodes survey, Abstract No. 1326, and in the I. & G.N.R.R. Company
Survey, Abstract No. 836, situated in Tarrant County, Texas and being a portion of a tract
conveyed to Alcon Laboratories, Inc. as recorded in Volume 6881, page 938, Deed
records Tarrant County, Texas, and being more particularly described as follows:
Beginning at an iron pin for the northwest corner of the herein described tract, said point
being the southwest corner of a ten foot wide extension of Lot B, Block 2, Alcon
Addition to the City of Fort Worth, Tarrant County, Texas, as shown on the plat recorded
in Volume 388-202, Page 4, Plat Records, Tarrant County, Texas, said point being South
11 degrees 29 minutes 31 seconds West 10.21 feet from the southwest corner of Lot AR,
Block 2, Alcon Addition to the City of Fort Worth, Tarrant County, Texas, as recorded in
Volume 388-163, Page 69, Plat Records, Tarrant County, Texas, said point also being in
the east right of way of Interstate Highway 35W and being on a curve whose radius point
bears South 78 degrees 39 minutes 45 seconds East 1889.85;
Thence along the south line at said Lot B ten foot wide extension, North 89 degrees
5lminutes 35 seconds East 848.79 feet to an iron pin for the northeast corner of the
herein described tract, said point being where the said south line of the ten foot wide
extension intersects the west line of Lot B;
Thence South 00 degrees 08 minutes 25 seconds East 615.36 feet to an iron pin for the
southeast corner of the herein described tract, said point being in the south line of said
Alcon laboratories, Inc. tract recorded in Volume 6891, Page 936, and being in the
southwest corner of said Lot B, said point also being in the north line of Lot 2R, Block
1R, Carter Industrial Park, and addition to the City of Fort Worth, Tarrant County, Texas,
as recorded in Volume 388-134, Page 79 & 80, Plat records, Tarrant County, Texas.
Thence South 88 degrees 30 minutes 00 seconds West 885.86 feet long the said south line
of Alcon Laboratories, Inc. tract and the said north line of Lot 2R, to an iron pin for the
southwest corner of the herein described tract, said point being in the east right of way
line of Interstate Highway 35W;
Thence along said east right of way line North 00 degrees 21 minutes 26 seconds West
252.10 feet to a concrete highway monument, said point being the beginning of a non
tangent curve to the right with said radius of 1889.86 feet;
Thence continuing along said east right of way line and along said curve, whose chord
bears north 5 degrees 28 minutes 25 seconds East 386.13 feet, an arc length of 386.81
feet through a delta angle of 11 degrees 43 minutes 38 seconds tot eh POINT OF
BEGINNING and containing 12.627 acres (550,053 s.f.) of land
Ordinance Designating Tax Abatement Rein \esnnent Zone Number Seventy -Seen,
City of Fort Worth, Fexas
Alcon South Campus — East
(Plat Cabinet A, Slide 1743; Lot B-R, Block 2)
Description
Whereas Alcon Laboratories, Inc. being Owner of Lot B, Block 2, Alcon Addition, and
addition in the City of Fort Worth, Tarrant County, Texas, as recorded in Volume 388-
202, Page 4, Tarrant County Texas Plat Records, and Lots C and D, Block 2, Alcon
Addition, an addition to the City of Fort Worth, Tarrant County, Texas, as recorded in
Volume 388-215, Page 67, does hereby adopt the herein map as correctly representing its
plan of revision of same to be known as Lot B-R, Block 2, Alcon Addition, an addition to
the City of Fort Worth, Tarrant County, Texas and does hereby dedicate or adopt all
streets and easements as shown herein.
Property is generally bounded by:
To the west, 615.26' along NOO°08'25"W and 386.25' along NOO°08'25"W
To the north, 660.65' along N89°52'35"E and 407.17' along N89°52'33"E and 151.32'
along N89°52'23"E
To the east, 493.98' along SOO°36'58"E and 380.10' along SOO°36'57"E
To the south, 843.28' along S88°29'25"W and 669.11' along S88°30'00"W
Alcon East Expansion Property
(This property has not been platted for Alcon)
Description
A 125.632 acres, more or less, tract of land being more particularly described as:
Parts of the J. HUDSON SURVEY, Abstract No. 739 and the M. GARRISON SURVEY,
Abstract No. 598 situated in the south part of Fort Worth, Tarrant County, Texas;
embracing a part of the Tract described in the deed to Amon G. Carter Foundation
recorded in volume 8793, page 1057 of the Deed Records of Tarrant County, Texas and
described by metes and bounds as follows:
Beginning at a 5/8" capped iron recovered for the southeast corner of Lot AR Block 1,
ALCON ADDITION, an addition to the city of Fort Worth according to the plat thereof
recorded in volume 388-183, page 42 of the Plat Records of Tarrant County, Texas in the
north right-of-way of Alta Mesa Boulevard in the west line of the said J. HUDSON
SURVEY.
Then north 00 degrees-32 minutes-00 seconds west, along the east line of said Lot AR
and the west line of said J. HUDSON SURVEY, to and along the west line of the M.
GARRISON SURVEY, Abstract No. 598 a distance of 2060-55/100 feet to the northwest
corner of said Amon G. Carter Foundation Tract in the south line of HIGHLAND HILLS
WEST ADDITION, an addition to the City of Fort Worth, Tarrant County, Texas
Ordinance Designating Tax Abatement Reinvestment Zone Number Sexenty-Seven,
City of Fort Worth, Texas
according to the plat thereof recorded in volume 388-22, page 87 of the said Plat Records
from which a masonry nail found bears north 85 degrees-09 minutes-56 seconds west, 0-
54/100 feet.
Thence south 89 degrees-54 minutes-59 seconds east, along the north line of said Amon
G. Carter Foundation Tract and the south line of said HIGHLAND HILL WEST
ADDITION, 2619-73/100 feet to a '/2" iron found for the northwest corner of the 0-
39/1000 of an acre Tract described in the deed to the City of Fort Worth, recorded in
volume 11307, page 2251 of the said Deed Records.
Thence south 00 degrees-19 minutes-04 seconds east, along the west line of said 0-
39/1000 of an acre Tract, 38-79/100 feet to a 5/8" capped iron set at the beginning of a
curve to the left having a radius of 756-20/100 feet.
Thence southeasterly, along said curve to the left passing the most southerly corner of
said 0-039/1000 of an acre Tract in all an arc length of 266-81/100 feet to a railroad spike
set in asphalt in the east line of said Amon G. Carter Foundation Tract, the long chord of
said 266-81/100 feet of arc is south 10 degrees-51 minutes-04 seconds east, 265-43/100
feet.
Thence south 00 degrees-22 minutes-00 seconds east, along the east line of said Amon G.
Carter Foundation Tract, 1714-90/100 feet to a 5/8" capped iron set.
Thence south 53 degrees-13 minutes-04 seconds west, at 39-24/100 passing the northeast
corner of the 7-327/1000 acres Tract described in the deed to the City of Fort Worth,
recorded in volume 11307, page 2251 of the said Deed Records same being the northerly
right-of-way of said Alta Mesa Boulevard, in all 67-92/100 feet to a 5/8" capped iron set.
Thence westerly, along the north right-of-way of said Alta Mesa Boulevard, the
following:
south 89 degrees-57 minutes-40 seconds west, 2364-59/100 feet to a 5/8" capped iron set;
south 89 degrees-41 minutes-50 seconds west, 95-57/100 feet to a 5/8" capped iron set
for the northwest corner of said 7-327/1000 acres Tract;
north 89 degrees-48 minutes-46 seconds west, 147-15/100 feet to the place of beginning
and containing 125-632/1000 acres of which 1-220/1000 acres lies within Old Oak Grove
Road leaving 124-412/1000 acres exclusive of said Old Oak Grove Road.
A part of the SHELBY COUNTY SCHOOL LAND SURVEY, Abstract No. 1375
situated in the south part of Fort Worth, Tarrant County, Texas; embracing a part of the
203-86/100 acres tract described n the deed to George Ann Brown Carter Trustee,
recorded in volume 11676, page 10 of the Deed Records of Tarrant County, Texas and
described by metes and bounds as follows:
Commencing at a '/2" iron found for the northeast corner of the 125-632/1000 acres tract
described in the deed to Alcon Laboratories, Inc. recorded in volume 15166, page 308 of
Ordinance Designating Tax Abatement Reinvestment Zone Number Seventy -Seven,
City of Fort Worth, Texas
the said Deed Records in the west right-of-way of Oak Grove Road and run along the east
line of said 125-632/1000 acres tract and the west right-of-way of said Oak Grove Road
south 00 degrees-19 minutes-04 seconds east 38-79/100 feet to the beginning of a curve
to the left having a radius of 756-20/100 feet, along said curve to the left an arc length of
266-81/100 feet to a 5/8" capped iron recovered in the east line of said 125-632/1000
acres tract and the west line of said 203-86/100 acres tract for the northwest and
beginning corner of the tract being described, the long chord of said 266-81/100 feet arc
is south 10 degrees-51 minutes-04 seconds east 265-43/100 feet.
Thence southeasterly, continuing along said curve to the left having a radius of 756-
20/100 feet and along the west right-of-way of said Oak Grove Road an arc length of
270-84/100 feet to a concrete monument found at its end, the long chord of said 270-
84/100 feet arc is south 30 degrees-54 minutes-46 seconds east 269-40/100 feet.
Thence southeasterly and southwesterly, continuing along the west right-of-way of said
Oak Grove Road, the following:
south 41 degrees-02 minutes-44 seconds east 655-61/100 feet to a concrete
monument found;
south 04 degrees-16 minutes-10 seconds west 59-52/100 feet to a concrete
monument found at the intersection of the west right-of-way of said Oak Grove
Road and the northwesterly right-of-way of Campus Drive in a curve to the left
having a radius of 1969-86/100 feet.
Thence southwesterly, along said curve to the left and the northwesterly right-of-way of
said Campus Drive an arc length of 1092-71/100 feet to a mark "Y" set at the intersection
of the northwesterly right-of-way of said Campus Drive and the north right-of-way of
Alta Mesa Boulevard, the long chord of said 1092-71/100 feet arc is south 30 degrees-41
minutes-10 seconds west 1078-75/100 feet.
Thence south 53 degrees-13 minutes-04 seconds west, along the north right-of-way of
said Alta Mesa Boulevard, 3-72/100 feet to a marked "Y" set in the west line of said 203-
86/100 acres tract and the east line of said 125-632/1000 acres tract.
Thence north 00 degress-22 minutes-00 seconds west, along the west line of said 203-
86/100 acres tract and the east line of said 125-632/1000 acres tract, 1714-90/100 feet to
the place of beginning and containing 9-800/1000 acres of which 0-776 of an acre lies
within closed Oak Grove Road as fenced leaving 9-024/1000 acres exclusive of said
Road.
The basis for bearings is deed call along the west line of said 203-86/100 acres tract.
Ordinance Designating Tax Abatement Reinvestment Lone Number Seventy -Seen.
City of Fort Worth, Texas
Alcon Main Campus Remainder Tract
Description
Being approximately 11.21 acres of land located in the 1. & G.N. RR. CO. SURVEY,
ABSTRACT NO. 1326, Fort Worth, Tarrant County, Texas, and being a portion of the
tract of land conveyed to Alcon Laboratories, Inc. by the deed recorded in Volume 6891,
Page 938 of the Deed Records of Tarrant County, Texas. Said 11.21 acres of land being
more particularly described by metes and bounds as follows:
Beginning at a point at the Southeast corner of Lot AR, Block 1, ALCON ADDITION, to
the City of Fort Worth, Tarrant County, Texas, according to the plat recorded in Volume
388-183, Page 42 of the Plat Records of Tarrant County, Texas, and said POINT OF
BEGINNING lying in the North right-of-way line of Alta Mesa Boulevard (120-foot-
wide public right-of-way);
Thence northerly approximately 547 feet, to a point lying at the Northeast corner of said
Lot AR, Block 1, and lying in the South boundary line of Lot B, Block 1, ALCON
ADDITION, to the City of Fort Worth, according to the plat recorded in Volume 388-
136, Page 33 of the Plat Records of Tarrant County, Texas;
Thence Easterly approximately 894 feet, to a point lying at the Southeast corner of said
Lot B, Block 1, and lying in the West boundary line of a tract of land conveyed to Alcon
Laboratories, inc., by the deed recorded in Volume 15166, Page 308 of the Deed Records
of Tarrant County, Texas;
Thence Southerly approximately 545 feet, along the West boundary line of said Alcon
Laboratories, Inc. Tract, to a point lying at the Southwest corner of said Alcon
Laboratories, lnc. Tract, and lying in the North right-of-way line of aforesaid Alta Mesa
Boulevard;
Thence westerly approximately 892 feet, along the North right-of-way line of said Alta
Mesa Boulevard, to the POINT OF BEGINNING containing approximately 11.21 acres
of land.
Ordinance Designating Tax Abatement Reinvestment Zone Number Seventy -Seven,
City of Fort Worth, Texas
Tax Abatement Reinvestment Zone No. 77
6201 South Freeway Fort Worth, TX 76134
"Exhibit A"
Copyright 201 I Cit} of Fort worth l nauthorized reproduction is a s iolanon of applicable lass This product is for intormational purposes and may not hale been prepared
for or he suitable for legal. engineering. or surses ing purposes It does not represent an on -the -ground surses and represents only the approximate relatise location of property
boundaries The City of Fort Worth assumes no responsibility for the accuracy of said data
City of Fort Worth, Texas
Mayor and Council Communication
COUNCIL ACTION: Approved on 11/112011 - Ordinance No.19961
CONTINUED FROM A PREVIOUS WEEK
DATE: Tuesday, October 18, 2011
LOG NAME: 17RIZTANOVARTIS
SUBJECT:
Conduct a Public Hearing and Adopt Ordinance Designating Tax Abatement Reinvestment Zone No. 77,
City of Fort Worth, Texas, for the Alcon Laboratories Property Located at 6201 South Freeway (COUNCIL
DISTRICT 8)
RECOMMENDATION:
It is recommended that the City Council:
REFERENCE NO.: G-17415
1. Conduct a public hearing concerning the designation of Tax Abatement Reinvestment Zone No. 77, City
of Fort Worth, Texas; and
2. Adopt the attached ordinance that designates Tax Abatement Reinvestment Zone No. 77, City of Fort
Worth, Texas, pursuant to and in accordance with Chapter 312 of the Texas Tax Code.
DISCUSSION:
The proposed Tax Abatement Reinvestment Zone No. 77, City of Fort Worth, Texas, (Zone) is for the
property located at 6201 South Freeway. Alcon Laboratories Holding Corporation or its affiliate thereof is
considering the expansion and renovation of the existing Alcon campus and an addition of a Finance
Center for North American Operations.
As required by Chapter 312 of the Texas Tax Code, a public hearing must be conducted regarding the
creation of a Reinvestment Zone. The exact boundaries of the proposed Zone are described in Exhibit A
of the attached ordinance. Notice of this hearing was delivered to the governing body of each affected
taxing unit and published in a newspaper of general circulation at least seven days prior to this hearing.
The area encompassing the proposed Zone meets the statutory criteria for designation as a Tax
Abatement Reinvestment Zone pursuant to Chapter 312 of the Texas Tax Code 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 beneficial to the property and would
contribute to the economic development of the City. Further, the improvements sought in the Zone are
feasible, practical and would be beneficial for the land to be included in the Zone and to the City after any
tax abatement agreements which may be entered into have expired.
The term of the proposed Zone will be five years from the date of adoption of the attached ordinance and
may be renewed for periods not to exceed five years each.
Property within the proposed Tax Abatement Reinvestment Zone No. 77 is located in COUNCIL
DISTRICT 8.
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FISCAL INFORMATION / CERTIFICATION:
The Financial Management Services Director certifies that this action will have no material effect on City
funds.
FUND CENTERS:
TO Fund/Account/Centers FROM Fund/Account/Centers
CERTIFICATIONS:
Submitted for Citv Manager's Office bv:
Originating Department Head:
Additional Information Contact:
Fernando Costa (6122)
Jay Chapa (5804)
Robert Sturns (8003)
Ana Alvarado (2661)
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