HomeMy WebLinkAboutOrdinance 20025-12-2011ORDINANCE NO. 20025-12-2011
AN ORDINANCE DESIGNATING A CERTAIN AREA IN THE
CITY OF FORT WORTH AS "TAX ABATEMENT
REINVESTMENT ZONE NUMBER SEVENTY-EIGHT, 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, Bell Helicopter Textron, Inc. ("Company") intends to expand and
consolidate its headquarters facility on Highway 10 and Trinity Boulevard in phases,
which ultimately could result in at least $75,000,000.00 in new real property
improvements and the installation of $160,000,000.00 in non -inventory taxable personal
property at the site ("Improvements"); and
Page 1
Ordinance Designating Tax Abatement Reinxe,tment Zone Number Seventy -Fight,
Ordinance No. 20025- 12-201 I
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 December 13, 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 December 5, 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 Fax Abatement Reinvestment Zone Number Seventy -Eight,
Ordinance No. 20025-12-201 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 Reinvestment Lone Number Seventy -Eight,
Ordinance No. 20025-12-201 1
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 -Eight, City of
Fort Worth, Texas." This project is eligible for a business expansion 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
in full force and effect and shall not in any way be impaired or affected by such decision,
opinion or judgment.
Page 4
Ordinance Designating Tax Abatement Reinvestment Zone Number Seventy -Eight,
Ordinance No. 201125-1 2-201 I
Section 5.
IMMEDIATE EFFECT.
That this Ordinance shall take effect upon its adoption.
ADOPTED AND EFFECTIVE: December 13.2011
APPROVED AS TO FORM AND LEGALITY:
By:
Peter Vaky
Deputy City Attorney
M&C: G-17482
Page 5
Ordinance Designating Tax Abatement Reinvestment Zone Number Seventy -Eight.
Ordinance No. 20025-12-201 1
EXHIBIT "A"
BOUNDARY DESCRIPTION OF ZONE
Tax Abatement Reinvestment Zone No. 78
"Exhibit A"
78
z
Copyright 20! I City of Fort Worth l Inauthonred reproduction is a swlation of applicable Ias s his product is for informational purposes and may not have been prepared
for or be suitable for legal. engineering, or surveying purposes It does not represent an on -the -ground survey and represents only the approximate relative location of property
boundaries The City of Fort Worth assumes no responsibility for the accuracy of said data
EXHIBIT "A"
BOUNDARY DESCRIPTION OF ZONE
BELL HELICOPTER
LEGAL DESCRIPTION OF
76.27 ACRES OF LAND
DESCRIPTION OF A 76.27 ACRE TRACT OF LAND IN THE SIMON COTRAIL SURVEY,
ABSTRACT NO.330 AND THE R.P. BARTON SURVEY, ABSTRACT NO.176, LOCATED
WITHIN THE CITY LIMITS OF FORT WORTH, TARRANT COUNTY, TEXAS. BEING
ALL OF THE FOLLOWING PARCELS AS DESCRIBED IN DEED VOLUME 7231, PAGE
1786 AT THE COUNTY RECORDS BUILDING, TARRANT COUNTY, TEXAS. SAID
76.27 ACRE TRACT BEING COMPRISED OF THE FOLLOWING SIX (6) PARCELS OF
LAND OUT OF SAID DEED.
(1) PARCEL 'A' -1ST TRACT, 41.711 ACRE TRACT WHICH WAS FORMERLY A
PARTITION DEED OF LOTS 'B', 'C', 'D', 'E' AND 'F' OF THE HEIRS OF J.H. HURST
ESTATE AND RECORDED IN VOLUME 1701, PAGE 419 WITH A CORRECTED DEED
RECORDED IN VOLUME 2285, PAGE 476 (2) PARCEL 'A'-2ND TRACT, 13.2 ACRES (3)
PARCEL 'B'-1ST TRACT, 0-.569 ACRES (4) PARCEL 'B'-2ND TRACT, 0.182 ACRES (5)
PARCEL 'D', 18.55 ACRES AND (6) PARCEL 'E', 2.0 ACRES. SAID 76.27 ACRE TRACT
OF LAND ALSO BEING PORTIONS OF LOTS 2, 3 AND 4 OF THE W.S. HURST ESTATE,
A SUB -DIVISION AS RECORDED IN THE 17TH DISTRICT COURT MINUTES, VOLUME
A-17, PAGE 169 (CAUSE NO. 63210) CIVIL COURTS BUILDING, TARRANT COUNTY,
TEXAS. SAID 76.27 ACRE TRACT OF LAND BEING MORE PARTICULARLY
DESCRIBED BY METES AND BOUNDS AS FOLLOWS:
BEGINNING AT A 5/8 INCH IRON PIN (SET) (SEE NOTE NO. 4) IN THE MOST
EASTERLY LINE OF SAID LOT 4, BEING THE INTERSECTION OF THE SOUTHERLY
RIGHT-OF-WAY LINE OF E.HURST BOULEVARD (ALSO KNOWN AS STATE
HIGHWAY SPUR-NO.10) A 160 FOOT WIDE DEDICATED PUBLIC RIGHT-OF-WAY
WITH THE WESTERLY RIGHT-OF-WAY LINE OF BELL SPUR, A 80 FOOT WIDE
PUBLIC RIGHT-OF-WAY AT THIS POINT. SAID -POINT BEING THE NORTHWEST
CORNER OF THAT CERTAIN 2.787 ACRE TRACT TO THE CITY OF FORT WORTH
OBTAINED BY JUDGMENT FOR STREET RIGHT-OF-WAY PURPOSES AND
RECORDED IN VOLUME 78, PAGE 400, PARCEL 2, COUNTY COURT AT LAW,
MINUTE RECORDS, TARRANT COUNTY, TEXAS.
THENCE S 00°00'18" E, LEAVING THE SOUTHERLY RIGHT-OF-WAY LINE OF SAID
E.HURST BOULEVARD AND ALONG THE WESTERLY RIGHT-OF-WAY LINE OF BELL
SPUR, AND SAID 2.787 ACRE TRACT AND THE EASTERLY LINE OF SAID LOT 4, W.S.
HURST ESTATE A DISTANCE OF 455.70 FEET TO A 5/8 INCH IRON PIN (SET), SAID
POINT ALSO BEING THE SOUTHEAST CORNER OF THAT CERTAIN 2.0 ACRE TRACT
OF LAND KNOWN AS PARCEL "E" AS DESCRIBED BY DEED TO BELL HELICOPTER
AND RECORDED IN VOLUME 7231, PAGE 1786. SAID COUNTY RECORDS:
THENCE S 00°11'42" W, CONTINUING ALONG THE WESTERLY RIGHT-OF-WAY LINE
OF SAID BELL SPUR AT A DISTANCE OF 437.28 FEET PASS A POINT FROM WHICH
THE MOST NORTHERLY CORNER OF THAT CERTAIN 0.192 ACRE TRACT OF LAND
BEARS EASTERLY 5.45 FEET AND DESCRIBED IN DEEDS TO THE CITY OF FORT
WORTH FOR ADDITIONAL STREET RIGHT-OF-WAY PURPOSES AND RECORDED IN
VOLUME 4203, PAGE 289 AND VOLUME 4215, PAGE 430, SAID COUNTY RECORDS,
AND THEN CONTINUING WITH SAME BEARING A DISTANCE OF 179.34 FEET (IN
ALL A TOTAL DISTANCE OF 616.62 FEET) TO A 5/8 INCH IRON (SET) ON THE
WESTERLY LINE OF SAID 0.192 ACRE TRACT 179.42 FEET SOUTHERLY FROM SAID
MOST NORTHERLY CORNER.
THENCE LEAVING THE EASTERLY LINE OF SAID LOT 4 AND THE WESTERLY LINE
OF SAID 2.787 ACRE TRACT FOR STREET RIGHT-OF-WAY AND ALONG THE
WESTERLY LIMITS LINE OF SAID 0.192 ACRE TRACT, SAME ALSO BEING THE
WESTERLY RIGHT-OF-WAY LINE OF BELL SPUR THE FOLLOWING COURSES AND
DISTANCES:
S 01°56'06" W, A DISTANCE OF 20.67 FEET TO A 5/8 INCH IRON PIN (SET);
S 05°21'34" W, A DISTANCE OF 100.40 FEET TO A 5/8 INCH IRON PIN (SET);
S 10°25'14" W, A DISTANCE OF 101.60 FEET TO A 5/8 INCH IRON PIN (SET);
S 12°46'38" W, A DISTANCE OF 99.71 FEET TO A 5/8 INCH IRON PIN (SET);
THE SOUTHWEST CORNER OF SAID 0.192 ACRE TRACT, SAID POINT BEING N
85°23'00" W, 54.95 FEET FROM THE SOUTHEAST CORNER OF
AFOREMENTIONED LOT 4, AND ALSO BEING IN THE NORTHERLY RIGHT-
OF-WAY LINE OF A 200 FOOT WIDE RAILROAD RIGHT-OF-WAY AS
ORIGINALLY WAS DEEDED TO CHICAGO, ROCK ISLAND AND GULF
RAILROAD CO. PRESENT RIGHT-OF-WAY LIMITS NOW BEING DESCRIBED
BY DEED TO THE CITIES OF DALLAS AND FORT WORTH AND RECORDED IN
VOLUME 7580, PAGE 920, SAID COUNTY RECORDS;
THENCE N 85°23'00" W, LEAVING THE WESTERLY RIGHT-OF-WAY LINE OF SAID
BELL SPUR AND ALONG THE NORTHERLY LINE OF SAID RAILROAD RIGHT-OF-
WAY AND THE SOUTHERLY LINES OF AFOREMENTIONED LOTS 4, 3 AND 2
RESPECTIVELY OF SAID W.S. HURST ESTATES, A DISTANCE OF 2,665.47 FEET TO A
5/8 INCH IRON PIN (SET), SAID POINT BEING THE SOUTHWEST CORNER OF LOT "B"
AND THE SOUTHEAST CORNER OF LOT "A" OUT OF THE AFOREMENTIONED
PARTITION DEED TO THE HEIRS OF J.H. HURST ESTATE. SAID POINT ALSO BEING
THE SOUTHEAST CORNER OF LOT 1, SPRING LAKE MOBILE HOME PARK, AN
ADDITION TO THE CITY OF FORT WORTH AS RECORDED IN PLAT VOLUME 388/52,
PAGE 10;
THENCE N 00°07' 16" E, LEAVING SAID RAILROAD RIGHT-OF-WAY, ALONG THE
COMMON LINE BETWEEN SAID LOTS "A" AND "B", AND ALONG THE EASTERLY
LINE OF SAID LOT 1, SPRING LAKE MOBILE HOME PARK, A DISTANCE OF 1, 126.33
FEET TO ITS NORTHEAST CORNER, AND THE NORTHEAST AND NORTHWEST
CORNERS RESPECTIVELY OF SAID LOTS "A" AND "B" TO A 5/8 INCH IRON PIN
(SET), SAID POINT ALSO BEING ONCE AGAIN IN THE SOUTHERLY RIGHT-OF-WAY
LINE OF AFOREMENTIONED E. HURST BOULEVARD:
THENCE S 89°29'16" E, ALONG THE SOUTHERLY RIGHT-OF-WAY LINE OF SAID E.
HURST BOULEVARD AT A DISTANCE OF 644.62 FEET PASS A POINT FROM WHICH
A TEXAS HIGHWAY DEPT. CONCRETE MONUMENT (FOUND) BEARS NORTHERLY
0.42 FEET, AND THEN CONTINUING WITH SAME BEARING A DISTANCE OF 1,406.09
FEET (IN ALL A TOTAL DISTANCE OF 2,050.71 FEET) TO A 5/8 INCH IRON PIN, (SET)
FROM WHICH A TEXAS HIGHWAY DEPT. CONCRETE MONUMENT (FOUND) BEARS
NORTHERLY 1.05 FEET. SAID 5/8 INCH IRON BEING THE POINT OF CURVATURE OF
A CURVE TO THE LEFT HAVING A RADIUS OF 2,964.93 FEET, A CENTRAL ANGLE
OF 12°46'39" AND A LONG CHORD WHICH BEARS N 84°07'24" E, 659.85 FEET;
THENCE AROUND SAID CURVE, THE SOUTHERLY RIGHT-OF-WAY LINE OF E.
HURST BOULEVARD, A DISTANCE OF 661.22 FEET TO THE PLACE OF BEGINNING.
CONTAINING 3.322,257 SQUARE FEET (76.27 ACRES) OF LAND, MORE OR LESS, TO
BE KNOWN AS: LOT 1, BLOCK 1. BELL HELICOPTER INDUSTRIAL PARK
BELL HELICOPTER
LEGAL DESCRIPTION OF
22.904 ACRES OF LAND
BEING A TRACT OF LAND SITUATED IN THE S. COTRAIL SURVEY, ABSTRACT NUMBER
330, CITY OF FORT WORTH, TARRANT COUNTY, TEXAS, BEING A PORTION OF LOT 1, BELL
HELICOPTER INDUSTRIAL PARK, AN ADDITION TO THE CITY OF FORT WORTH
RECORDED IN VOLUME 388-128, PAGE 11, PLAT RECORDS, TARRANT COUNTY, TEXAS
AND BEING A PORTION OF THAT TRACT OF LAND DESCRIBED BY DEED TO BELL
HELICOPTER TEXTRON, INC. AS RECORDED IN VOLUME 7231, PAGE 1786, COUNTY
RECORD, TARRANT COUNTY, TEXAS AND BEING DESCRIBED AS FOLLOWS:
COMMENCING AT A FOUND 5/8 INCH IRON ROD WITH CAP STAMPED "CARTER &
BURGESS" AT THE SOUTHEAST CORNER OF SAID LOT 1, BEING ON THE NORTHERLY
RIGHT-OF-WAY LINE OF TRINITY BOULEVARD (A 120 FOOT RIGHT-OF-WAY), AND BEING
THE SOUTHEAST CORNER OF THAT TRACT OF LAND DESCRIBED BY DEED TO AAE
PACIFIC PARK ASSOCIATES AS RECORDED IN INSTRUMENT NUMBER D211155065,
COUNTY RECORDS, TARRANT COUNTY, TEXAS;
THENCE SOUTH 88°39'31 "WEST, ALONG THE COMMON SOUTH LINE OF SAID LOT 1 AND
SAID NORTHERLY RIGHT-OF-WAY LINE A DISTANCE OF 426.13 FEET TO THE POINT OF
BEGINNING;
THENCE CONTINUING SOUTH 88°39'31 "WEST, ALONG SAID COMMON LINE A DISTANCE
OF 771.70 FEET TO THE EASTERLY LINE OF NORWOOD DRIVE (A 80 FOOT RIGHT-OF-WAY)
AND THE SOUTHWEST CORNER OF SAID LOT 1;
THENCE DEPARTING SAID COMMON LINE, NORTH 00°29'29"WEST, ALONG SAID
EASTERLY RIGHT-OF-WAY LINE AND THE WESTERLY LINE OF SAID LOT 1 A DISTANCE
OF 1108.50 FEET TO THE SOUTHERLY RIGHT-OF-WAY LINE OF C.R.I.&G. RAILROAD ( A 200
FOOT RIGHT-OF-WAY) AND THE NORTHWEST CORNER OF SAID LOT 1;
THENCE DEPARTING SAID EASTERLY RIGHT-OF-WAY LINE, SOUTH 85°52'40"EAST,
ALONG SAID SOUTHERLY RIGHT-OF-WAY LINE A DISTANCE OF 973.32 FEET TO THE
NORTHEAST CORNER OF SAID LOT 1;
THENCE DEPARTING SAID SOUTHERLY LINE, SOUTH 30°22'29"EAST, ALONG THE
EASTERLY LINE OF SAID LOT 1 A DISTANCE OF 90.82 FEET TO THE NORTHERY LINE OF
AFOREMENTIONED AAE PACIFIC PARK ASSOCIATES TRACT;
THENCE DEPARTING SAID EASTERLY LINE, NORTH 85°54' 10"WEST, ALONG THE SAID
NORTHERLY LINE A DISTANCE OF 50.90 FEET TO A FOUND X-CUT IN CONCRETE, SAME
BEING THE NORTHWEST CORNER OF SAID AAE PACIFIC PARK ASSOCIATES TRACT;
THENCE ALONG THE WESTERLY LINE OF SAID AAE PACIFIC PARK ASSOCIATES TRACT,
THE FOLLOWING FOUR COURSES:
1) SOUTH 00°39'39"EAST, A DISTANCE OF 605.47 FEET TO A FOUND 5/8 INCH IRON
ROD WITH CAP STAMPED "CARTER & BURGESS"
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2) THENCE SOUTH 12°52'41"WEST, A DISTANCE OF 211.95 FEET TO A FOUND 5/8 INCH
IRON ROD WITH CAP STAMPED "CARTER & BURGESS";
3) THENCE SOUTH 89°31' 13"WEST, A DISTANCE OF 146.82 FEET TO A FOUND 5/8 INCH
IRON ROD WITH CAP STAMPED "CARTER & BURGESS";
4) THENCE SOUTH 00°54'45"EAST, A DISTANCE OF 132.46 FEET TO THE POINT OF
BEGINNING.
CONTAINING 22.904 ACRES OR 997,698 SQUARE FEET OF LAND, MORE OR LESS.
BASIS OF BEARING IS THE TEXAS COORDINATE SYSTEM OF 1983, NORTH CENTRAL ZONE
WITH A GRID TO GROUND SCALE FACTOR OF 1.00012.
THIS LEGAL DESCRIPTION IS FOR CONVENIENCE PURPOSES ONLY AND NOT FOR THE
CONVEYANCE OR SUBDIVISION OF REAL PROPERTY.
JACOBS ENGINEERING
777 MAIN STREET
FORT WORTH, TX 76102
Jacobs Job No. WFXG5800
D643E November 15, 2011
J:UOB\\WFXL2601\600 DISCIPLINE\613 Survey\613.7 Legal Descriptions\L2601_EX3.doc Page 2 of 2
LEGAL DESCRIPTION OF
3.655 ACRES OF LAND
BEING A TRACT OF LAND SITUATED IN THE S. COTRAIL SURVEY, ABSTRACT NUMBER
330, CITY OF FORT WORTH, TARRANT COUNTY, TEXAS, BEING ALL OF THAT TRACT OF
LAND DESCRIBED BY DEED TO AAE PACIFIC PARK ASSOCIATES, AS RECORDED IN
INSTRUMENT NUMBER D211155065, COUNTY RECORDS, TARRANT COUNTY, TEXAS, AND
BEING A PORTION OF LOTS 1 AND 2, BELL HELICOPTER INDUSTRIAL PARK, AN ADDITION
TO THE CITY OF FORT WORTH RECORDED IN VOLUME 388-128, PAGE 11, PLAT RECORDS,
TARRANT COUNTY, TEXAS AND DESCRIBED AS FOLLOWS:
BEGINNING AT A FOUND 5/8 INCH IRON ROD WITH CAP STAMPED "CARTER & BURGESS"
AT THE SOUTHEAST CORNER OF SAID AAE PACIFIC PARK ASSOCIATES TRACT, BEING
THE SOUTHWEST CORNER OF SAID LOT 2, AND BEING IN THE NORTHERLY RIGHT-OF-
WAY LINE OF TRINITY BOULEVARD (A 120 FOOT RIGHT-OF-WAY);
THENCE ALONG THE COMMON SOUTH LINE OF SAID AAE PACIFIC PARK ASSOCIATES
TRACT AND SAID NORTHERLY RIGHT-OF-WAY LINE SOUTH 88°39'31 "WEST, 426.13 FEET;
THENCE DEPARTING SAID COMMON LINE ALONG THE WESTERLY LINE OF SAID AAE
PACIFIC PARK ASSOCIATES TRACT THE FOLLOWING BEARINGS AND DISTANCES:
NORTH 00°54'45"WEST, 132.46 FEET TO A FOUND 5/8 INCH IRON ROD WITH CAP
STAMPED "CARTER & BURGESS";
NORTH 89°31' 13"EAST, 146.82 FEET TO A FOUND 5/8 INCH IRON ROD WITH CAP
STAMPED "CARTER & BURGESS";
NORTH 12°52'41"EAST, 211.95 FEET TO A FOUND 5/8 INCH IRON ROD WITH CAP
STAMPED "CARTER & BURGESS";
THENCE NORTH 00°39'39"WEST, 605.47 FEET TO A FOUND X-CUT IN AT THE NORTHWEST
CORNER OF SAID AAE PACIFIC PARK ASSOCIATES TRACT;
THENCE ALONG THE NORTH LINE OF SAID AAE PACIFIC PARK ASSOCIATES TRACT
SOUTH 85°54' 10"EAST, 115.80 FEET TO THE NORTHEAST CORNER OF SAID AAE PACIFIC
PARK ASSOCIATES TRACT;
THENCE ALONG THE EAST LINE OF SAID AAE PACIFIC PARK ASSOCIATES TRACT THE
FOLLOWING COURSES AND DISTANCES:
SOUTH 01°20'08"EAST, 570.97 FEET TO A FOUND 5/8 INCH IRON ROD WITH CAP
STAMPED "CARTER & BURGESS", THE BEGINNING OF A CURVE TO THE LEFT;
ALONG SAID CURVE TO THE LEFT AN ARC DISTANCE OF 137.80 FEET, THROUGH A
CENTRAL ANGLE OF 19°44' 18", HAVING A RADIUS OF 400.00 FEET, THE LONG
CHORD OF WHICH BEARS SOUTH 11 ° 12' 16"EAST, 137.12 FEET TO A FOUND 5/8 INCH
IRON ROD WITH CAP STAMPED "CARTER & BURGESS"
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SOUTH 21°04'24"EAST, 238.07 FEET TO THE POINT OF BEGINNING.
CONTAINING 3.655 ACRES OR 15,212 SQUARE FEET OF LAND, MORE OR LESS.
THIS LEGAL DESCRIPTION IS FOR CONVENIENCE PURPOSES ONLY AND NOT FOR THE
CONVEYANCE OR SUBDIVISION OF REAL PROPERTY.
Jacobs Job No. WFXG5800
D643E November 08, 2011
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BELL HELICOPTER
LEGAL DESCRIPTION OF
19.904 ACRES OF LAND
BEING A TRACT OF LAND SITUATED IN THE S. COTRAIL SURVEY, ABSTRACT
NUMBER 330, BEING ALL OF THAT TRACT OF LAND DESCRIBED TO AAE PACIFIC
PARK ASSOCIATES AS RECORDED IN INSTRUMENT NUMBER D211155065, COUNTY
RECORDS, TARRANT COUNTY, TEXAS, BEING A PORTION OF LOT 1, BLOCK 4,
BELL HELICOPTER INDUSTRIAL PARK, AN ADDITION TO THE CITY OF FORT
WORTH AS RECORDED IN VOLUME 388-128, PAGE 11, PLAT RECORDS, TARRANT
COUNTY, TEXAS, AND BEING A PORTION OF LOT 2, BLOCK 4, BELL HELICOPTER
INDUSTRIAL PARK, AN ADDITION TO THE CITY OF FORT WORTH AS RECORDED
IN VOLUME 388-133, PAGE 37, SAID PLAT RECORDS, AND BEING DESCRIBED AS
FOLLOWS:
BEGINNING AT A FOUND 5/8 INCH IRON ROD WITH CAP STAMPED "CARTER &
BURGESS" AT THE SOUTHWEST CORNER OF SAID AAE PACIFIC PARK
ASSOCIATES TRACT, BEING THE SOUTHWEST CORNER OF SAID LOT 2, AND BEING
ON THE NORTHERLY RIGHT-OF-WAY LINE OF TRINITY BOULEVARD (A 120 FOOT
RIGHT-OF-WAY);
THENCE DEPARTING SAID NORTHERLY RIGHT-OF-WAY LINE, ALONG THE
WESTERLY LINE OF SAID AAE PACIFIC PARK ASSOCIATES TRACT THE
FOLLOWING THREE COURSES:
1) NORTH 21°04'24"WEST, A DISTANCE OF 238.07 FEET TO A FOUND 5/8 INCH
IRON ROD WITH CAP STAMPED "CARTER & BURGESS", THE BEGINNING OF
A CURVE TO THE RIGHT;
2) THENCE ALONG SAID CURVE TO THE RIGHT, AN ARC DISTANCE OF 137.80
FEET, THROUGH A CENTRAL ANGLE OF 19°44' 18", HAVING A RADIUS OF
400.00 FEET, THE LONG CHORD OF WHICH BEARS NORTH 11°12' 16"WEST, A
DISTANCE OF 137.12 FEET TO A FOUND 5/8 INCH IRON ROD WITH CAP
STAMPED "CARTER & BURGESS";
3) THENCE NORTH 01°20'08"WEST, A DISTANCE OF 570.97 FEET TO THE
NORTHWEST CORNER OF SAID AAE PACIFIC PARK ASSOCIATES TRACT;
THENCE DEPARTING SAID WESTERLY LINE, SOUTH 85°54' 10"EAST, ALONG THE
NORTHERLY LINE OF SAID AAE PACIFIC PARK ASSOCIATES TRACT A DISTANCE
OF 1004.24 FEET;
THENCE DEPARTING SAID NORTHERLY LINE, SOUTH 01°20'08"EAST, ALONG THE
EASTERLY LINE OF SAID AAE PACIFIC PARK ASSOCIATES TRACT A DISTANCE OF
834.98 FEET TO A FOUND 5/8 INCH IRON ROD WITH CAP STAMPED "CARTER &
BURGESS" IN THE COMMON SOUTH LINE OF SAID AAE PACIFIC PARK
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ASSOCIATES TRACT AND THE AFOREMENTIONED NORTHERLY RIGHT-OF-WAY
LINE OF TRINITY BOULEVARD;
THENCE SOUTH 88°39'31"WEST, ALONG SAID COMMON LINE A DISTANCE OF
895.83 FEET TO THE POINT OF BEGINNING.
CONTAINING 19.904 ACRES OR 867,018 SQUARE FEET OF LAND, MORE OR LESS.
BASIS OF BEARING IS THE TEXAS COORDINATE SYSTEM OF 1983, NORTH CENTRAL ZONE
WITH A GRID TO GROUND SCALE FACTOR OF 1.00012.
THIS LEGAL DESCRIPTION IS FOR CONVENIENCE PURPOSES ONLY AND NOT FOR THE
CONVEYANCE OR SUBDIVISION OF REAL PROPERTY.
JACOBS ENGINEERING
777 MAIN STREET
FORT WORTH, TX 76102
JACOBS Job No. WFXL2601 November 15, 2011
J:VOB\WFXL2601\600 DISCIPLINE\613 Survey\613.7 Legal Descriptions\L2601_EX2.doc Page 2 of 2
BELL HELICOPTER
LEGAL DESCRIPTION OF
34.942 ACRES OF LAND
BEING A TRACT OF LAND SITUATED IN THE S. COTRAIL SURVEY, ABSTRACT
NUMBER 330, AND THE R.T. BARTON SURVEY, ABSTRACT NUMBER 176, BEING A
PORTION OF LOT 2, BLOCK 4, BELL HELICOPTER INDUSTRIAL PARK, AN
ADDITION TO THE CITY OF FORT WORTH AS RECORDED IN VOLUME 388-133,
PAGE 37, PLAT RECORDS, TARRANT COUNTY, TEXAS, AND BEING A PORTION OF
THAT TRACT OF LAND DESCRIBED BY DEED TO BELL HELICOPTER TEXTRON,
INC. AS RECORDED IN VOLUME 7231, PAGE 1786, COUNTY RECORD, TARRANT
COUNTY, TEXAS, SAID PLAT RECORDS, AND BEING DESCRIBED AS FOLLOWS:
BEGINNING AT A FOUND 5/8 INCH IRON ROD WITH CAP STAMPED "CARTER &
BURGESS" AT THE SOUTHEAST CORNER OF THAT TRACT OF LAND DESCRIBED
BY DEED TO AAE PACIFIC PARK ASSOCIATES, AS RECORDED IN INSTRUMENT
NUMBER D211155065, COUNTY RECORDS, TARRANT COUNTY, TEXAS, AND BEING
ON THE NORTHERLY RIGHT-OF-WAY LINE OF TRINITY BOULEVARD (A 120 FOOT
RIGHT-OF-WAY);
THENCE DEPARTING SAID NORTHERLY RIGHT-OF-WAY LINE, NORTH
01°20'08"WEST, ALONG THE EASTERLY LINE OF SAID AAE PACIFIC PARK
ASSOCIATES TRACT A DISTANCE OF 834.98 FEET TO THE NORTHEAST CORNER OF
SAID AAE PACIFIC PARK ASSOCIATES TRACT;
THENCE DEPARTING SAID EASTERLY LINE, NORTH 85°54' 10"WEST, ALONG THE
NORTHERLY LINE OF SAID AAE PACIFIC PARK ASSOCIATES TRACT A DISTANCE
OF 1069.13 FEET TO THE WESTERLY LINE OF SAID LOT 2;
THENCE DEPARTING SAID NORTHERLY LINE, NORTH 30°22'29"WEST, ALONG SAID
WESTERLY LINE A DISTANCE OF 90.82 FEET TO THE NORTHWEST CORNER OF
SAID LOT 2, BEING IN THE SOUTHERLY RIGHT-OF-WAY LINE OF C.R.I.&G.
RAILROAD (A 200 FOOT RIGHT-OF-WAY);
THENCE SOUTH 85°54'29"EAST, ALONG THE COMMON NORTHERLY LINE OF SAID
LOT 2 AND SAID SOUTHERLY RIGHT-OF-WAY LINE A DISTANCE OF 2864.82 FEET
TO THE WESTERLY RIGHT-OF-WAY LINE OF BELL SPUR (A 120' RIGHT-OF-WAY)
SAME BEING THE NORTHEAST CORNER OF SAID LOT 2;
THENCE DEPARTING SAID COMMON LINE, SOUTH 00 *51'39" EAST, ALONG THE
COMMON EASTERLY LINE OF SAID LOT 2 AND SAID WESTERLY RIGHT-OF-WAY
LINE A DISTANCE OF 745.68 FEET TO THE AFOREMENTIONED NORTHERLY RIGHT-
OF-WAY LINE OF TRINITY BOULEVARD AND THE SOUTEAST CORNER OF SAID
LOT 2, SAME BEING THE BEGINNING OF A NON -TANGENT CURVE TO THE LEFT;
JACOBS Job No. WFXL2601 November 15, 2011
J:UOB\WFXL2601\600 DISCIPLINE\613 Survey\613.7 Legal Descriptions\L2601_EX4.doc Page 1 of 2
THENCE ALONG SAID NORTHERLY RIGHT-OF-WAY LINE AND SAID NON -
TANGENT CURVE TO THE LEFT AN ARC DISTANCE OF 95.50 FEET, THROUGH A
CENTRAL ANGLE OF 01°25'53", HAVING A RADIUS OF 3822.39 FEET, THE LONG
CHORD OF WHICH BEARS SOUTH 89°22'46"WEST, A DISTANCE OF 95.50 FEET;
THENCE SOUTH 88°39'31"WEST, CONTINUING ALONG SAID NORTHERLY RIGHT-
OF-WAY A DISTANCE OF 1641.90 FEET TO THE POINT OF BEGINNING.
CONTAINING 34.942 ACRES OR 1,522,074 SQUARE FEET OF LAND, MORE OR LESS.
BASIS OF BEARING IS THE TEXAS COORDINATE SYSTEM OF 1983, NORTH CENTRAL ZONE
WITH A GRID TO GROUND SCALE FACTOR OF 1.00012.
THIS LEGAL DESCRIPTION IS FOR CONVENIENCE PURPOSES ONLY AND NOT FOR THE
CONVEYANCE OR SUBDIVISION OF REAL PROPERTY.
JACOBS ENGINEERING
777 MAIN STREET
FORT WORTH, TX 76102
isrFRyc
HOMAS RUSCHKEWICZ
° -o 6288
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JACOBS Job No. WFXL2601 November 15, 2011
J:UOB\WFXL2601 \600 DISCIPLINE\613 Survey\613.7 Legal Descriptions\L2601 _EX4.doc Page 2 of 2
City of Fort Worth, Texas
Mayor and Council Communication
COUNCIL ACTION: Approved on 12/13/2011 - Ordinance No. 20025-12-2011
DATE: Tuesday, December 13, 2011
LOG NAME: 17RIZTABELL
SUBJECT:
Conduct a Public Hearing and Adopt Ordinance Designating Tax Abatement Reinvestment Zone No. 78,
City of Fort Worth, Texas, for the Current Bell Helicopter Textron, Inc., Facilities at Highway 10, East Fort
Worth as Incentive for the Expansion of These Facilities (COUNCIL DISTRICT 5)
RECOMMENDATION:
It is recommended that the City Council:
REFERENCE NO.: G-17482
1. Conduct a public hearing concerning the designation of Tax Abatement Reinvestment Zone No. 78, City
of Fort Worth, Texas; and
2. Adopt the attached ordinance that designates Tax Abatement Reinvestment Zone No. 78, 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. 78, City of Fort Worth, Texas (Zone), is for the
current Bell Helicopter Textron, Inc., facilities. Bell Helicopter Textron, Inc., is considering the expansion
and consolidation of its main headquarters operation at Highway 10 and Trinity Boulevard in Fort Worth.
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 a benefit to the property and that
would contribute to the economic development of the City. Further, the improvements sought in the Zone
are feasible, practical and would be a benefit to 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.
Tax Abatement Reinvestment Zone No. 78 is located in COUNCIL DISTRICT 5.
FISCAL INFORMATION / CERTIFICATION:
Logname: 17RIZTABELL Page 1 of 2
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 Manaaer's Office bv:
Oriainatina Department Head:
Additional Information Contact:
Fernando Costa (6122)
Jay Chapa (5804)
Robert Sturns (8003)
Logname: 17RIZTABELL Page 2 of 2