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HomeMy WebLinkAboutResolution 3950-12-2010 A Resolution NO. 3950-12-2010 BOUNDARY REVISION OF THE TRINITY PARK 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 Council approved the criteria to determine whether an area would be eligible to be designated as a Neighborhood Empowerment Zone (NEZ); and WHEREAS, on January 27, 2004, the Council approved the creation of the Trinity Park NEZ and Fort Worth Neighborhood Empowerment Reinvestment Zone (FWNERZ) No. 15; and WHEREAS, it is being proposed that the Trinity Park NEZ area be revised as shown on Exhibit A; and WHEREAS, the Council finds that the revision of the Trinity Park 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 100% within the Central City and 99% within the Community Development Block Grant eligible area; and WHEREAS, the Council finds that the creation of the Trinity Park NEZ benefits and is for the public purpose of increasing public health, safety and welfare; and WHEREAS, the council finds that the Trinity Park NEZ satisfies the requirements of Section 312.02 of the Tax Code; and WHEREAS, the Council finds that the proposed revision of the Trinity Park 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. FftTWORTH RESOLUTION NO. 3950-12-2010 Section 2. The Trinity Park NEZ is hereby revised as set forth in Exhibit A, Trinity Park Neighborhood Empowerment Zone & Trinity Park Neighborhood Empowerment Reinvestment Zone No. 15R. 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 Trinity Park 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 ecretary C- of the City of Fort Worth,Texas FoRTWORTH RESOLUTION NO. 3950-12-2010 EXHIBIT A TRINITY PARK NEIGHBORHOOD EMPOWERMENT ZONE &TRINITY PARK NEIGHBORHOOD EMPOWERMENT REINVESTMENT ZONE No. 15R GENERAL DESCRIPTION The area to be designated as Fort Worth Neighborhood Empowerment Reinvestment Zone No. 15R for tax abatement purposes contains 0.56 square miles of land and is a parcel of land out of the William Russell Survey, Abstract Number 15R1, the Richard Crawley Survey, Abstract Number 313, the Adolphe Gouhenant Survey, Abstract Number 582, and the Archibald Robinson Survey, Abstract Number 1289, and being more particularly described by bounds as follows; Beginning at the intersection of the centerline of North University Drive and the north right-of-way of Shamrock Street; Thence: northeasterly to the southwest corner of Block 12, of Bailey's Industrial Addition; Thence: north to the northwest corner of said Block 12; Thence: northeasterly with the northwesterly line of said Block, and generally with the south toe of bank of the levee system of the West Fork of the Trinity River, to and along the northwesterly line of Block 13, of said Addition, to its intersection with the centerline of Henderson Street; Thence: southeasterly with said centerline, to the southeasterly line of the remainder of Block 23 of Evans Pearson Westwood Addition; Thence: southwesterly with the southeast line of said Block, and generally with the north toe of bank of the levee system of the Clear Fork of the Trinity River, to and along the southeast line of the remainder of Block 2s of said Addition, and to and along the southeast line of Block 17R of said Addition, to its intersection with the centerline of Arthur Street; Thence: south with said centerline, to its intersection with the centerline of Dakota Street; Thence: west with said centerline, to its intersection with the centerline of Harold Avenue; Thence: north with said centerline, to its intersection with the centerline of Kansas Street; Thence: west with said centerline, to its intersection with the southeast right-of-way of the Saint Louis, San Francisco, and Texas Railroad; Thence: southwesterly with said right-of-way, to its intersection with the north line of Montgomery Plaza Addition; Thence: west with said north line to its intersection with the centerline of Carroll Street; Thence: south with said centerline, to its intersection with the centerline of Merrimac Street; Thence: west with said centerline, to its intersection with the west line of Lot 16, Block 14, Linwood Addition; Thence: south with said line, to the original south line of said Block; Thence: east with said line, to the northwest corner of Lot 22, of said Block; Thence: south with the west line of said Lot, to its intersection with the centerline of West 5th Street; Thence: west with said centerline, to its intersection with the centerline of Foch Street; Thence: south with said centerline, to its intersection with the centerline of West 6th Street; Thence: west with said centerline, to its intersection with the centerline of Norwood Street; Thence: north with said centerline, to its intersection with the centerline of West 5th Street; Thence: west with said centerline, to its intersection with the centerline of North University Drive; Thence: north with said centerline, the point of beginning. This description created in electronic format by Hans Kevin Hansen, Registered Professional Land Surveyor, Number 4786, on September 14, 2010. All calls are with the centerline, unless otherwise described. "This document was prepared under 22 TAC§ 663.21, does not reflect the results of an on the ground survey, and is not to be used to convey or establish interests in real property except those rights or interests implied or established by the creation or reconfiguration of the boundary of the political subdivision for which it was prepared." 2 o • - - 1 . �,.w .� r�+�mrrr�yrrr'�►rr. = a ♦v yp+++rrrr '�►rirrr rr+r+r+r+rri++ir+�i+� .ii•�iy. .rr�rrr+++rr++r�r� rrrrrr�'+ ++rte p '` '= •iriri+r+irk ++++:i_�r ,!�� +..• +�m .r©►_r+rr+ ►+r�+++Q11W ' ►rr♦ ... � ++♦♦r+��,r+♦+rrr®r9'�'�►r,�,r+r�O+rira�►'y+++++0®iii+i+ors +.1�� ►r��+++r+r r rrr ►+ ►rrrr++►+r r rrr++r r r r�,�r .��' . : �►#°••��..♦„�`rr+ri re*r rrrr 9 r s+i►r r♦�►♦ " ` �� � � ►rrrr♦ , !'►rrrr rrr�rrrr+�r+,+�'irri, '� �o :�+irrr+► ;�� rr+►r*w -'►rrr �►♦ • ►®r�r�,►+�i i_i i i '�'� ''�•�►�- ►�►•r+rr+®�� .�__ � rrrr rrr r♦rrr♦r♦�''�♦? ��►+ y°+++rr++r+r �, °, ti .� ►�Orr�►r+r+r ;r++9�►i+rrr►+irrrir�i�r,�r�i+�►r+rr ►r r r r r,, +�. rrrr r r,►r`+r+r+®* , ;►rrrrr®rrr 8�` Y.w•N. `� WHITE SE WHITMORE HAMILTON n k \L 5TtI5121 g - . g • i .� , o- �' � • � � • • o ; West Seventh/ University NEZ a � 4 , - - - ..- A � cY City of Fort Worth, Texas Mayor and Council Communication COUNCIL ACTION: Approved'on 1217/2010 -Res. No. 3950-12-2010 8.000. No. 1946642- 2010 DATE: Tuesday, December 07, 2010 REFERENCE NO.: G-17141 LOG NAME: 17NEZTRINITYPARKREVISE SUBJECT: Conduct a Public Hearing, Adopt a Resolution, Designating the Trinity Park Area as a Neighborhood Empowerment Zone and Adopt an Ordinance for Boundary Change and Designating the Trinity Park Area as Fort Worth Neighborhood Empowerment Reinvestment Zone No. 15R (COUNCIL DISTRICT 9) RECOMMENDATION: It is recommended that the City Council: 1. Adopt the attached Resolution to designate the revised Trinity Park area as a Neighborhood Empowerment Zone; and 2. Conduct a public hearing concerning the designation of the revised Trinity Park area as Fort Worth Neighborhood Empowerment Reinvestment Zone No. 15R; and 3. Adopt an ordinance to designate the Trinity Park area as Fort Worth Neighborhood Empowerment Reinvestment Zone No. 15R pursuant to the Texas Property Redevelopment and Tax Abatement Act, Tax Code, Chapter 312. DISCUSSION: On January 27, 2004, (M&C G-14222) the City Council adopted Resolution No. 3039 to designate the Trinity Park area as a Neighborhood Empowerment Zone (NEZ) and adopted Ordinance No. 15841 which designated Fort Worth Neighborhood Empowerment Reinvestment Zone (FWNERZ) No. 15. The NEZ and FWNERZ was reduced on June 29, 2004 to remove the Montgomery Plaza area (M&C G-14409, Resolution No. 3100 and Ordinance No. 16013). Staff recommends amending the boundary to remove the area South of Kansas Street and adding property North to the boundary of the Trinity River. The revised Trinity Park 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 Trinity Park NEZ has a population of 890 persons and an area of 0.56 square miles. The proposed revised Trinity Park 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; Logname: 17NEZTRINITYPARKREVISE Page I of 2 • The proposed revised Trinity Park NEZ area is 100 percent within the Central City and 99 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 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 Trinity Park 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 Trinity Park 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 Trinity Park NEZ area is located in COUNCIL DISTRICT 9. 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 by: Susan Alanis (8180) Originating Department Head: Jay Chapa (5804) Additional Information Contact: Sarah Odle (7316) Logname: 17NEZTRINITYPARKREVISE Page 2 of 2