HomeMy WebLinkAboutResolution 3945-12-2010 A Resolution
NO. 3945-12-2010
BOUNDARY REVISION OF THE HISTORIC HANDLEY
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 03, 2000 the Council approved the criteria to determine
whether an area would be eligible to be designated as a Neighborhood Empowerment
Zone (NEZ); and
WHEREAS, on May 27, 2003, the Council approved the creation of the Historic
Handley NEZ and Fort Worth Neighborhood Empowerment Reinvestment Zone
(FWNERZ) No. 9; and
WHEREAS, it is being proposed that the Historic Handley NEZ be revised as
shown on Exhibit A; and
WHEREAS, the Council finds that the revision of the Historic Handley NEZ: (1)
would promote the creation or rehabilitation of affordable housing in the zone and an
increase in economic development in the zone, and (2) is 36% within the Central City
and 88% within the Community Development Block Grant eligible area; and
WHEREAS, the 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 council finds that the Historic Handley NEZ satisfies the
requirements of 312.02 of the Tax Code; and
WHEREAS, the Council finds that the proposed revision of the Historic Handley
NEZ meets the criteria for NEZ designation.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF FORT WORTH, TEXAS:
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 revised as set forth in Exhibit A,
Historic Handley Neighborhood Empowerment Zone & Historic Handley Neighborhood
FoRTWORTH
RESOLUTION NO. 3945-12-2010
Empowerment Reinvestment Zone No. 9R.
Section 3. The Council adopts all basic incentives as described in the
Neighborhood Empowerment Zone Basic Incentives (M&C G-16572) and as amended for
the Historic Handley NEZ area boundary revision.
Section 4. The designation shall expire on December 6, 2020.
Adopted this 7th day of December 2010.
ATTEST:
APPROVED
CITY COUNCIL
By: — — ------
DEC 0 7 2010
Marty Hendrix, City Secretary
CIty Secretary of the
City of Fbit Worth,Texas
FoRTWORTH
RESOLUTION NO. 3945-12-2010
EXHIBIT A
HISTORIC HANDLEY NEIGHBORHOOD EMPOWERMENT ZONE
& HISTORIC HANDLEY NEIGHBORHOOD EMPOWERMENT REINVESTMENT
ZONE No. 9R
GENERAL DESCRIPTION
The area to be re-designated as Fort Worth Neighborhood Empowerment Reinvestment
Zone No. 9 for tax abatement purposes contains 1.27 square miles of land and is within
the area described below:
On the North: Beginning at the intersection of Weiler Boulevard and Meadowbrook
Drive, thence east along Meadowbrook Drive, to the intersection of Meadowbrook Drive
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 Sandy Lane.
On the East: Beginning at the intersection of Craig Street and Sandy Lane, thence
south along Sandy Lane to its intersection with Buttercup Lane, thence continuing east
on Buttercup Lane to its intersection with Boswell Drive, thence south along Boswell
Drive to its intersection with East Lancaster Avenue, thence continuing directly west
along East Lancaster Avenue to the intersection with Rosehill Street, thence 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 Union Pacific Railroad
right-of-way, to a point that is the boundary line of the city limits of Fort Worth and the
city limits of Arlington, thence south along the boundary line of the city limits of Fort
Worth and Arlington to its intersection with East Rosedale Street.
On the South: Beginning at the intersection of the joint 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 right-of-way, thence west along said northern boundary of the Union Pacific
Railroad right-of-way to the intersection with Weiler Boulevard.
On the West: Beginning at the intersection of the northern boundary of the Union
Pacific Railroad right-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.
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City of Fort Worth, Texas
Mayor and Council Communication
COUNCIL ACTION: Approved As Amended on 12/7/2010 -Amendment is Highlighted in
Yellow, Res. No. 3945-12-2010 & Ord. No. 19461-12-2010
DATE: Tuesday, December 07, 2010 REFERENCE NO.: G-17135
LOG NAME: 17NEZHANDLEYREVISE
SUBJECT:
Conduct a Public Hearing, Adopt a Resolution Designating the Historic Handley Area as a Neighborhood
Empowerment Zone and Adopt an Ordinance for Boundary Change and Designating the Historic Handley
Area as Fort Worth Neighborhood Empowerment Reinvestment Zone No. 9R (COUNCIL DISTRICT 5)
RECOMMENDATION:
It is recommended that the City Council:
1. Adopt the attached Resolution to designate the revised Historic Handley area as a Fort Worth
Neighborhood Empowerment Zone; and
2. Conduct a public hearing concerning the designation of the revised Historic Handley area as Fort
Worth Neighborhood Empowerment Reinvestment Zone No. 9R; and
3. Adopt an ordinance to designate the Historic Handley area as Fort Worth Neighborhood
Empowerment Reinvestment Zone No. 9R pursuant to the Texas Property Redevelopment and Tax
Abatement Act, Tax Code, Chapter 312.
DISCUSSION:
On May 27, 2003, (M&C G-13983) the City Council adopted Resolution No. 2950 to designate the Historic
Handley area as a Neighborhood Empowerment Zone (NEZ) and adopted Ordinance No. 15569 which
designated Fort Worth Neighborhood Empowerment Reinvestment Zone (FWNERZ) No. 9.
Staff recommends amending the boundary to add additional property along Lancaster Avenue that is
ready for redevelopment. The revised Historic Handley NEZ area was presented to the Housing and
Economic Development Committee at the June 8, 2010 meeting and the Housing and Economic
Development Department was directed to move forward.
The proposed revised Historic Handley NEZ has a population of 3,202 persons and an area of 1.48
square miles. The proposed revised Historic Handley NEZ meets the following designation requirements
under the City's NEZ policy:
• Promotes economic development;
• Has a total area of no more than 1.5 square miles;
• The proposed revised Historic Handley NEZ area is 36 percent within the Central City and 88
percent within the Community Development Block Grant eligible areas; and
• Meets criteria for Reinvestment Zone designation 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
Logname: 17NEZHANDLEYREVISE Page 1 of 2
investment in the zone that would be a benefit to the area and that would contribute to the economic
development of the City.
The revised Historic Handley NEZ area, therefore, meets all the requirements for NEZ designation
One of the incentives a municipality can provide in a NEZ according to Chapter 378 of the Texas Local
Government Code is an abatement of municipal property taxes for properties in the NEZ. In order to
accomplish this, the revised Historic Handley area would need to be designated as a reinvestment zone.
The Texas Property Redevelopment and Tax Abatement Act (the Act) requires a public hearing. Notice of
the public hearing was (1) delivered to the governing body of each affected taxing unit, and (2) published
in a newspaper of general circulation at least seven days prior to the public meeting. The Act requires the
property receiving an abatement to be located in a reinvestment or enterprise zone.
The proposed area meets the criteria for the designation of a reinvestment zone because 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
contribute to the economic development of the municipality. Further, future improvements in the zone will
be a benefit to the City after any tax abatement agreements have expired. The designation of a
reinvestment zone expires after five years and may be renewed for periods not to exceed five years.
The current revised I lemphf}If13e" Historic Handley NEZ area is located in COUNCIL DISTRICT 5.
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 City Manager's Office bx: Susan Alanis (8180)
Originating Department Head: Jay Chapa (5804)
Additional Information Contact: Sarah Odle (7316)
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