HomeMy WebLinkAboutIR 9009INFORMAL REPORT TO CITY COUNCIL MEMBERS
To the Mayor and Members of the City Council January 13, 2009
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SUBJECT: Review of Neighborhood Empowerment Reinvestment Zone
Renewal for the Berry/University Neighborhood Empowerment Zone
The purpose of this report is to provide City Council with information regarding the proposed
Neighborhood Empowerment Reinvestment Zone (NERZ) renewal. According to the Texas Property
Redevelopment and Tax Abatement Act, Tax Code, Chapter 312, the designation of a reinvestment zone
for residential or commercial - industrial tax abatement expires five years after the date of the designation
and may be renewed for periods not to exceed five years. Without renewal, the ability to waive taxes in the
Neighborhood Empowerment Zone (NEZ) will be removed.
BerrylUniversity
On January 6, 2004, (M &C G- 14214) the City Council adopted Resolution No. 3030 to designate the
Berry/University area as a Neighborhood Empowerment Zone and adopted Ordinance No. 15815 which
designated FWNERZ No. 13. The current ordinance designating FWNERZ No. 13 expired on January 6,
2009, and must be renewed in order for the City of Fort Worth to be eligible to participate in the NEZ tax
abatement authorized by Chapter 312 for the Berry/University Neighborhood Empowerment Zone.
The total fees waived and investments for the Berry/University NEZ since inception to January 2009 are as
follows:
e $135,212.00
Development Fees Waived
• $192,549.00
Impact Fees Waived
• $0.00
Liens Released
• $314,546.00
Value of Tax Abatements
• $84,868,482.00
Total Investments
According to State Law, in order to adopt the attached ordinance for renewal, five members of the City
Council must vote in favor of adoption. Staff recommends proceeding with placing the NERZ renewal on
the January 27, 2009, City Council agenda for consideration by City Council.
Attached is a general description of FWNERZ No. 13 boundary. Should you have any questions, please
feel free to contact Jerome Walker, Housing & Economic Development Deputy Director, at (817)392 -7537.
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Date A. Fisse r, P.E.
City Manager
ISSUED BY THE CITY MANAGER FORT WORTH, TEXAS
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Fort Worth Neighborhood Empowerment
Reinvestment Zone No. 13
Berry/University
The area to be designated as Fort Worth Neighborhood Empowerment Reinvestment Zone No. 13
for tax abatement purposes contains 1.24 square miles of land and is described below:
On the North: Beginning at the intersection of McPhearson Avenue and University Drive, thence
east on McPhearson Avenue to the southwest comer of Lot 12, Block 38, University Place
Addition, thence north along the west property lines of Lot 12, Block 38, University Place Addition,
as recorded in the Tarrant Plat Records in Volume 204-A, Page 172 to the northwest comer of Lot
12, Block 38, University Place Addition, thence east along the northern property line of Lot 12.,
Block 38, University Place Addition to its northeast comer, thence north along the east property
lines of Lots 11, 10, 9, 8, 7, 6, 5, 4, 3, 2, Block 38, University Place Addition, as recorded in the
Tarrant Plat Records in Volume 204-A, Page 172, to the centerline of Park Hill Drive, Thence east
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to its northeast comer, thence eastward across the street right-of-way to the centerline of Eighth
Avenue, thence north on Eighth Avenue to the northwest comer of Lot 28, Block 14, of the Ryan
Place Addition, as recorded in the Tarrant County Plat Records in Volume 310, Page 83, thence
eastward along the north property line of Lot 28, Block 14, of the Ryan Place Addition to its
northeast comer.
On the East: Beginning at the northeast comer of Lot 28, Block 14, Ryan Place Addition, thence
south along the east property line of Lot 28, Block, Ryan Place Addition, as recorded in the Tarrant
County Plat Records in Volume 310, Page 83, thence continuing south along the east property lines
of Lots 27, 26, 25, 24, 23, 22, 21, 20, 19, 18, 17, Block 14, Ryan Place Addition, as recorded in the
Tarrant County Plat Records in Volume 310, Page 80, thence crossing Roberts Street, thence south
along the east property lines of Lots 14, 13, 12, 11, 10, 9, 8, Block 15, Ryan Place Addition, as
recorded in the Tarrant County Plat Records in Volume 310, Page 80, then continuing south along
the east property lines of Lots 26, 25, 24, 23, 22, 21, Block 27, Ryan Place Addition, as recorded in
the Tarrant County Plat Records in Volume 204-A, Page 170, thence continuing south along the
eastern property line of Lot 14R. Block 27, Ryan Place Addition, as recorded in the Tarrant County
Plat Records in Volume A, Page 4416, crossing Cantey Street continuing south along the east
thence south on Wayside Avenue to the centerline of Biddison Street, thence west on Biddison
Street to the centerline of McCart Avenue, thence south on McCart Avenue to the centerline of
Dickson Street.
On the South: Beginning at Dickson Street and McCart Avenue, thence west on Dickson Street to
the centerline of Merida Avenue thence north on Merida Avenue to the southern property line of
Lot 1, Block 1, Fort Worth Steel & Machinery Company Plant Site subdivision, as recorded in the
Tarrant County Plat Records in Volume 388-117, Page 54, thence west along the southern property
line of Lot 1, Block 1, Fort Worth Steel & Machinery Company Plant Site subdivision to its
southwest comer, thence north along the western property line of Lot 1, Block 1, Fort Worth Steel
& Machinery Company Plant Site subdivision to the northeast comer of Lot 2R, Gunn E
subdivision, as recorded in the Tarrant County Plat Records in Volume 388-117, Page 54, thence
west along the southern property line of Lot 1, Block 1, Fort Worth Steel & Machinery Company
Plant Site subdivision to the centerline of Cockrell Avenue, thence northwesterly along Cockrell
Avenue to the centerline of Granbury Road, thence southwesterly along Granbury Road to the
centerline of Dryden Road, thence northwesterly along Dryden Road to the southwest comer of Lot
10, Block 3, Windsor Place Addition, as recorded in the Tarrant County Plat Records in Volume
388-C, Page 53.
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northeast property line of Lot 1 OR, Black 28, Bluebonnet Hills subdivision, thence westward
crossing Park. Ridge Boulevard to the southeast corner of Lot 17R, Block 30, Bluebonnet Hills
subdivision, as recorded in the Tarrant County Plat Records in Volume 388 -0, Page 233, thence
northwest along the southwest property line of Lot 17R, Block 30, Bluebonnet Hills subdivision,
continuing westward along the southwest property line of Lot 14A, Block 30, Bluebonnet Hills
subdivision, as recorded in the Tarrant County Plat Records in Volume 388 -Q, Page 243, to the
centerline of Rogers Avenue, thence north on Rogers Avenue crossing Biddison Street to the
southwest property line of Lot 25, Block 19, Bluebonnet Hills subdivision, as recorded in the
Tarrant County Plat Records in Volume 388, Page 74, thence northeasterly along the southeast
property line of Lot 25, Block 19 to the southwest corner of Lot 12, Block 19, Bluebonnet Hills
subdivision, as recorded in the Tarrant County Plat Records in Volume 388, Page 74, thence north
along the western property lines of Lots 12, 11, 10, 9, 8, 7, 6, 5. 4, 3, 2, 1, Block 19, Bluebonnet
Hills subdivision, as recorded in the Tarrant County Plat Records in Volume 388, Page 74, to the
centerline of Benbrook Boulevard, thence west on Benbrook Boulevard to the southwest corner of
centerline of Bellaire Drive North, thence west on Bellaire Drive : North to the centerline of
University Drive, thence north on University Drive to the centerfine of McPherson Avenue, the
point of beginning,
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