HomeMy WebLinkAboutContract 45339 (2)City Secretary Contract No: nc�,5q
AGREEMENT TO PARTICIPATE IN
TAX INCREMENT REINVESTMENT ZONE NUMBER FOURTEEN,
CITY OF FORT WORTH, TEXAS
(TRINITY LAKES TIF)
This AGREEMENT TO PARTICIPATE IN TAX INCREMENT REINVESTMENT
ZONE NUMBER FOURTEEN, CITY OF FORT WORTH, TEXAS ("Agreement") is
entered into by and between the CITY OF FORT WORTH, TEXAS (the "City") and
TARRANT REGIONAL WATER DISTRICT (the "Water District").
The City and the Water District hereby agree that the following statements are true and
correct and constitute the basis upon which the City and the Water District have entered into this
Agreement:
A. On November 12, 2012, the City Council of the City ("City Council") adopted
City Ordinance No. 20505-11-2012 designating certain real property located in the eastern
portion of the City in an area bounded by the Trinity Railway Express (TRE) rail line to the
north, the Trinity River to the south, the Bell Spur to the east, and Highway Loop 820 to the west
as Tax Increment Reinvestment Zone Number Fourteen, City of Fort Worth, Texas (the "TIF
District"). The TIF District is inforrnally known as the "Trinity Lakes TIF." Ordinance No.
20505-11-2012 is hereby incorporated by reference for all purposes and is attached hereto as
Exhibit "A."
B. Designation of the TIF District will cause development of property in and around
the TIF District to occur that would not occur otherwise in the foreseeable future. As a result of
designation of the TIF District, it is intended that public infrastructure for Trinity Lakes and for
private development projects will be funded. It is anticipated that other complementary
development in the TIF District will follow. This overall development will result in increased
tax revenues and other public benefits for both the City and the Water District.
C. Pursuant to Section 311.013(f) of the Texas Tax Code, the Water District is not
required to pay any tax increment into the tax increment fund of the TIF District unless it enters
into an agreement to do so with the City. The Water District wishes to enter into such an
agreement with the City.
NOW, THEREFORE, for an in consideration of the conditions set forth herein, the
sufficiency of which is hereby acknowledged, the City and the Water District do hereby contract,
covenant and agree as follows:
1. INCORPORATION OF RECITALS.
The parties hereby agree that the recitals set forth above are true and correct and form the
basis upon which they have entered into this Agreement.
Tarrant Regional Water District Participation Agreement
Trinity Lakes TIF
Page 1
FFACIAL RECORD
@ITY SECRETARY
Ft WORTH, DLI
RECEIVED FEB 04 2014
2. DEFINITIONS.
In addition to any terms defined in the body of this Agreement, the following terms shall
have the definitions ascribed to them as follows:
Act means the Tax Increment Financing Act, as amended and as codified as Chapter 311
of the Texas Tax Code.
Captured Appraised Value in a given year means the total appraised value of all real
property taxable by the Water District and located in the TIF District for that year less the Tax
Increment Base.
Project Plan means the project plan for the development and/or redevelopment of the TIF
District, as adopted by the TIF Board and approved by the City Council of the City, attached
hereto as Exhibit "B "
TIF Board means the governing board of directors of the TIF District appointed in
accordance with Section 311.009 of the Act and Section 3 of City Ordinance No 20505-11-
2012.
TIF District means the certain real properties and boundaries as described in City
Ordinance No. 20505-11-2012, attached hereto as Exhibit "A.'
Tax Increment in a given year means the amount of property taxes levied and collected
by the Water District for that year on the Captured Appraised Value of real property taxable by
the Water District and located in the TIF District.
Tax Increment Base means the total appraised value as of January 1, 2012 of all real
property taxable by the Water District and located in the TIF District.
Tax Increment Fund means that fund created by the City pursuant to Section 311.014 of
the Act and Section 6 of City Ordinance No. 20505-11-2012, which will be maintained by the
City, into which all revenues of the TIF District will be deposited, including deposits of Tax
Increment by the City and by other taxing units with the jurisdiction over real property in the TIF
District, including the Water District.
"A."
TIF Ordinance means City Ordinance No. 20505-11-2012, attached hereto as Exhibit
3. DEPOSIT OF TAX INCREMENT.
Pursuant to a Resolution duly adopted by the governing body of the Water District which
Resolution is attached hereto as Exhibit `C' and is hereby made a part of this Agreement for all
purposes, and specifically subject to Section 4 of this Agreement, the Water District hereby
agrees to deposit each year during the term of the TIF District, beginning with the 2013 tax year,
eighty-five percent (85%) of the Water District's Tax Increment into the Tax Increment Fund.
Tarrant Regional Water District Participation Agreement
Trinity Lakes TIF
Page 2
Such deposits will be made in accordance with the City's standard administrative procedures
relative to all tax increment reinvestment zones administered by the City, but only following
receipt of a bill from the City that outlines the City's calculation of the amount of the deposit that
is required for that year.
4. LIMITATIONS ON TAX INCREMENT DEPOSITS AND USE OF FUNDS.
This Agreement is based on the following conditions, and the City agrees and acknowledges the
Watei District's right to enforce the conditions contained herein by injunction or any other
lawful means in the event one or more of such conditions are not satisfied.
4.1 Certain TIF District Proiect Costs Excluded.
The Tax Inci ement deposited into the Tax Increment Fund by the Water District shall be
used to pay project costs for infrastructure improvements or other public improvements
as set forth and identified in the Project Plan, and shall not include any costs for
administration, overhead, or management of the TIF District, or costs for municipal or
educational facilities owned by a school district.
4.2 TIF District Expansion.
As defined, the TIF District shall include real properties located within the boundaries as
described in the TIF Ordinance. If the TIF District is expanded, the Tax Increment
deposited into the Tax Increment Fund by the Water District may not be used for any
permissible project costs in any portion of the expanded area of the TIF District unless
approved by the governing body of the Water District as an amendment to this
Agreement.
5. TERM.
This Agreement shall take effect on the date as of which both parties have executed it and
shall expire upon expiration or termination of the TIF District which currently is the earlier of (i)
December 31 2032 or an earlier termination date designated by ordinance subsequently adopted
by the City Council of the City, or (ii) the date on which all project costs of the TIF District,
including, but not limited to, tax increment bonds and interest on those bonds, have been paid or
otherwise satisfied in full.
6. TIF FUND ACCOUNTING.
No later than July 1 of each year following execution of this Agreement, the City shall
provide the Water District with an annual accounting of the funds deposited to and disbursed
from the Tax Increment Fund including accrued interest. After all project costs of the TIF
District have been paid or at the time of the expiration of this Agreement, any funds remaining in
the Tax Increment Fund following the final annual accounting by the City shall be paid to those
taxing units participating in the TIF District in proportion to each taxing unit's share of the total
amount of Tax Increment deposited into the Tax Increment Fund.
Tarrant Regional Water District Participation Agreement
Trinity Lakes TIF
Page 3
7. RESPONSIBILITY FOR ACTS.
The City and the Water District shall each be responsible for the sole negligent acts of
their officers agents, employees or separate contractors. In the event of joint and concurrent
negligence of both the City and the Water District, responsibility if any, shall be apportioned
comparatively with the laws of the State of Texas, with the understanding that neither party
waives any governmental powers or immunities or any other defenses available to each
individually.
8. NOTICES.
All written notices called for or required by this Agreement shall be addressed o the
following, or such other party or address as either party may subsequently designate in writing,
by certified mail, postage prepaid, or by hand delivery:
City:
City of Fort Worth
Attn: City Manager
1000 Throcklnorton
Fort Worth, TX 76102
with copies to:
Water District:
Tarrant Regional Water District
Community & Government Relations Director
P.O. Box 4508
Fort Worth, TX 76164
the City Attorney and
Housing and Economic Development
Director at the same address
9. NO WAIVER.
The failure of either party to insist upon the performance of any term or provision of this
Agreement or to exercise any right granted hereunder shall not constitute a waiver of that party's
right to insist upon appropriate performance or to assert any such right on any future occasion.
10. VENUE AND JURISDICTION.
If any action, whether real or asserted, at law or in equity, arises on the basis of any
provision of this Agreement, venue for such action shall lie in state courts located in Tarrant
County, Texas or the United States District Court for the Northern District of Texas — Fort Worth
Division. This Agreement shall be construed in accordance with the laws of the State of Texas.
Tarrant Regional Water District Participation Agreement
Trinity Lakes TIF
Page 4
11. NO THIRD PARTY RIGHTS.
The provisions and conditions of this Agreement are solely for the benefit of the City and
the Water District and are not intended to create any rights, contractual or otherwise, to any other
person or entity.
12. FORCE MAJEURE.
The parties shall exercise every reasonable effort to meet their respective obligations as
set forth in this Agreement, but shall not be held liable for any delay in or omission of
performance due to force majeure or other causes beyond their reasonable control, including, but
not limited to, compliance with any governrnental law, ordinance or regulation, acts of God, acts
of omission, fires strikes, lockouts, national disasters, wars, riots, material or labor restrictions,
transportation problems and/or any other cause beyond the reasonable control of either party
13. INTERPRETATION.
In the event of any dispute over the meaning or application of any provision of this
Agreement, this Agreement shall be interpreted fairly and reasonably, and neither more strongly
for or against any party, regardless of the actual drafter of this Agreement.
14. CAPTIONS.
Captions and headings used in this Agreement are for reference purposes only and shall
not be deemed a part of this Agreement.
15. ENTIRETY OF AGREEMENT.
This Agreement, including any exhibits attached hereto and any documents incorporated
herein by reference, contains the entire understanding and agreement between the City and the
Water District as to the matters contained herein. Any prior or contemporaneous oral or written
agreement is hereby declared null and void to the extent in conflict with any provision of this
Agreement. Notwithstanding anything to the contrary herein, this Agieernent shall not be
amended unless executed in writing by both parties and approved by the City Council in the City
in an open meeting held in accordance with Chapter 551 of the Texas Government Code.
16. COUNTERPARTS.
This Agreement may be executed in multiple counterparts, each of which shall be
considered an original, but all of which shall constitute one instrument.
Tarrant Regional Water District Participation Agreement
Trinity Lakes TIF
Page 5
EXECUTED as of the later date below:
CITY OF FORT WORTH, TEXAS:
By:
Date:
Fernando Costa
Assistant City Manager
ATTEST:
B
004
ayser
Secretary
APPROVED AS TO FORM/LEGALITY:
Maleshia Farmer
Senior Assistant City Attorney
Contract Authorization
M&C G-17744, City Ordinance No.
20505-11-202 (11/12/2012)
Tarrant Regional Water District Participation Agreement
Trinity Lakes TIF
Page 1
City Secretary Contract No:
TARRANT REGIONAL WATER
DISTRICT:
By:
Victor Henderson
President, Board of Directors
Date:
arty V. Leonard
Secretary, Board of Directors
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EXHIBIT "A"
CITY ORDINANCE NO. 20505-11-2012
Tarrant Regional Water District Participation Agreement
Trinity Lakes TIF
Page 7
MEMORANDUM
DA l E: Match 14, 2013
TO: Mary Kayser, City Secretary
FROM: Maleshia Fai trier, Senior Assistant City Attorney
SUBJECT: Ordinance No. 20505-11-2012 (TIF 14)
The above referenced Ordinance adopted by the City Council on November 12, 2012
contains a scrivener's error in Section 4 with regard to the Term. M&C G-17744 which
was approved to adopt the Ordinance, correctly indicates the termination date for the TIF
of December 31, 2032. Section 4 of the Ordinance, Term of Zone, indicates a termination
date for the TIF of December 31 2037. The correct termination date is December 31,
2032. A corrected Ordinance is attached. There are no publication requirements for the
Ordinance. Please correct the ordinance and process accordingly.
Please let me know if you have any questions or need any additional information.
Regards,
Maleshia B. Fanner
Sr. Assistant City Attorney
OFFICE OF THE CITY ATTORNEY
The City of Fort Worth * 1000 Throckmorton Street * Fort Worth, Texas 76102
817-392-7600 * Fax 817-392-8359
ORDINANCE NO. 20505-11-2012
AN ORDINANCE DESIGNATING A CERTAIN CONTIGUOUS
GEOGRAPHIC AREA IN THE CITY OF FORT WORTH AS "TAX
INCREMENT REINVESTMENT ZONE NUMBER FOURTEEN,
CITY OF FORT WORTH, TEXAS", CREATING A BOARD OF
DIRECTORS FOR THE ZONE; PROVIDING THE EFFECTIVE
AND TERMINATION DATES FOR THE ZONE; ESTABLISHING
A TAX INCREMENT FUND FOR THE ZONE; AND
CONTAINING OTHER MATTERS RELATED TO THE ZONE.
WHEREAS, the City Council desires to promote the development of land in that
certain contiguous geographic area in the City which is more specifically described in
Exhibit "A" of this Ordinance (the "Zone") through the creation of a new reinvestment
zone as authorized by and in accordance with the Tax Increment Financing Act, codified
at Chapter 311 of the Texas Tax Code (the "Code"); and
WHEREAS, the City has prepared preliminary project and financing plans for
the proposed Zone and provided a copy of those plans to the governing body of each
taxing unit that levies taxes on real property in the Zone, as required by Section
311.003(b) of the Code (the "Preliminary Plans"); and
WHEREAS, on November 12, 2012 the City Council held a public hearing
regarding the creation of the Zone and its benefits to the City and to property in the Zone
and afforded a reasonable opportunity for (i) all interested persons to speak for or against
the creation of the Zone, its boundaries or the concept of tax increment financing and (ii)
owners of real property in the proposed Zone to protest inclusion of their property in the
Zone, as required by Sections 311.003(c) and (d) of the Code; and
WHEREAS, notice of the public hearing was published in a newspaper of
general circulation in the City on November 4, 2012, which satisfies the requirement of
Page 1
Ordinance Designating Tax Increment Reinvestment Zone Number Fourteen,
City of Fort Worth, Texas Ordinance No. 20505-11-2012
Section 311.003(c) of the Code that publication of the notice occur not later than the
seventh day before the date of the public hearing;
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF
THE CITY OF FORT WORTH, TEXAS:
Section 1.
FINDINGS.
That after reviewing all information before it regarding the establishment of the
Zone and after conducting a public hearing regarding the creation of the Zone and its
benefits to the City and to property in the Zone and affording a reasonable opportunity
for (i) all interested persons to speak for or against the creation of the Zone, its
boundaries or the concept of tax increment financing and (ii) owners of real property in
the proposed Zone to protest inclusion of their property in 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 the Code.
1.2. The Zone consists of approximately 1,800 acres of land and the area within the
Zone is contiguous.
1.3. The Zone lacks essential infrastructure to sustain viable development, including
but not limited to, water, sewer, drainage, roads and sidewalks. As the area
continues to grow, these needs will only continue to increase.
Page 2
Ordinance Designating Tax Increment Reinvestment Zone Number Fourteen,
City of Fort Worth, Texas Ordinance No. 20505-11-2012
1.4. The Zone houses two major arterials currently negatively affected by heavy
congestion and flooding which must be redesigned and reconstructed in order for
development of the area around these intersections to be viable.
1.5. Based on the facts set forth in Sections 1.3 and 1.4 hereof, as well as on all other
information provided to and/or known by the City Council with respect to the area
within the Zone and the area in the vicinity of the Zone, the City Council hereby
finds that development of the Zone will not occur solely through private
investment in the foreseeable future.
1.6. Taking all facts into consideration, the area within the Zone substantially impairs
and arrests the sound growth of the City and constitutes an economic liability and
a menace to the public health and safety because of (i) a substantial number of
substandard, deteriorated and deteriorating structures; (ii) the predominance of
inadequate sidewalk and street layouts; (iii) faulty lot layout in relation to size,
adequacy, accessibility and usefulness; (iv) unsanitary and unsafe conditions; (v)
the deterioration of site and other improvements; and (vi) conditions that
endanger life and property by fire or other cause. Therefore, the area within the
Zone meets the criteria for designation of a reinvestment zone and satisfies the
requirements of Section 311.005(a)(1) of the Code.
1.7. No more than thirty percent (30%) or less of the property in the Zone is used
currently for residential purposes, as specified by Section 311.006 of the Code.
1.8. According to the most recent appraisal roll of the City, the total appraised value of
all taxable real property in the Zone and in existing reinvestment zones in the City
Page 3
Ordinance Designating Tax Increment Reinvestment Zone Number Fourteen,
City of Fort Worth, Texas Ordinance No. 20505-11-2012
does not exceed twenty-five percent (25%) of the total appraised value of taxable
real property in the City and in industrial districts created by the City, if any.
Section 2.
DESIGNATION OF NEW ZONE.
That the City Council hereby designates the Zone described in the boundary
description and depicted in the map, both attached hereto as Exhibit "A" and made a
part of this Ordinance for all purposes, as a reinvestment zone pursuant to and in
accordance with the Code. This reinvestment zone shall be known as "Tax Increment
Reinvestment Zone Number Fourteen, City of Fort Worth, Texas."
Section 3.
ZONE BOARD OF DIRECTORS.
That a board of directors for the Zone ("Board") is hereby created. The Board
shall consist of seven (7) members who shall serve for terms of two (2) years each. Of
these seven (7) members, each taxing unit other than the City that has approved the
payment of all or part of the tax increment produced by the unit into the tax increment
fund for the Zone may, but is not required to, appoint one (1) member to the Board.
After each taxing unit other than the City designates to the City either the name of the
member that the taxing unit wishes to appoint or the fact that the taxing unit wishes to
waive its right to appoint a member, the City Council shall appoint whatever number of
members are necessary to fill the remaining positions on the Board. Such members may
be members of the City Council.
Page 4
Ordinance Designating Tax Increment Reinvestment Zone Number Fourteen,
City of Fort Worth, Texas Ordinance No. 20505-11-2012
Section 4.
TERM OF ZONE.
That the Zone shall take effect immediately upon the adoption of this Ordinance
and terminate on the earlier of (i) December 31, 2032 or an earlier termination date
designated by an ordinance adopted after the effective date of this Ordinance or (ii) the
date on which all project costs, tax increment bonds and interest on those bonds have
been paid or otherwise satisfied in full.
Section 5.
DETERMINATION OF TAX INCREMENT BASE.
That the tax increment base for the Zone, as defined by Section 311.012(c) of the
Code, shall be the total appraised value of all real property in the Zone taxable by a
taxing unit as of January 1, 2012, which is the year in which the Zone was designated as a
reinvestment zone.
Section 6.
TAX INCREMENT FUND.
That a tax increment fund for the Zone (the "TIF Fund") is hereby established.
The TIF Fund may be divided into additional accounts and sub -accounts authorized by
resolution or ordinance of the City Council. The TIF Fund shall consist of (1) the
percentage of the tax increment, as defined by Section 311.012(a) of the Code, that each
taxing unit which levies real property taxes in the Zone, other than the City, has elected to
dedicate to the TIF Fund pursuant to an agreement with the City authorized by Section
Page 5
Ordinance Designating Tax Increment Reinvestment Zone Number Fourteen,
City of Fort Worth, Texas Ordinance No. 20505-11-2012
311.013(f) of the Code, plus (ii) the City's contribution of eighty-five percent (85%) of
the City's tax increment, as defined by Section 311.012(a) of the Code, subject to any
binding agreement executed at any time by the City that pledges an amount of legally
available City funds whose calculation is based, in whole or in part, on payment to or
receipt by the City of any portion of such tax increment. The TIF Fund shall be
maintained in an account at the depository bank of the City and shall be secured in the
manner prescribed by law for Texas cities. Revenues in the TIF Fund will be used solely
in accordance with Section 311.014 of the Code.
Section 7.
TAX INCREMENT AGREEMENTS.
That, pursuant to Sections 311.008 and 311.013 of the Code, the City Manager
and City Attorney are hereby authorized to execute and deliver, for and on behalf of the
City, tax increment agreements with taxing units that levy real property taxes in the Zone.
Section 8.
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 6
Ordinance Designating Tax Increment Reinvestment Zone Number Fourteen,
City of Fort Worth, Texas Ordinance No. 20505-11-2012
Section 9.
IMMEDIATE EFFECT.
That this Ordinance shall take effect and be in full force and effect from and after
its adoption.
AND IT IS SO ORDAINED.
ADOPTED AND EFFECTIVE: November 12, 2012
APPROVED AS TO FORM AND LEGALITY:
Maleshia Fa er
Senior Assistant City Attorney
M&C: G-17744
Page 7
Ordinance Designating Tax Increment Reinvestment Zone Number Fourteen,
City of Fort Worth, Texas Ordinance No. 20505-11-2012
EXHIBIT "A"
DESCRIPTION AND DEPICTION OF THE ZONE
The tracts to be designated as Tax Increment Reinvestment Zone Number Fourteen, City
of Fort Worth, Texas for tax increment financing purposes are depicted in the
accompanying map and are more particularly described by the following metes and
bounds:
Legal Description, Part 1
Being 866.987 acres of land located in the H. Bennett Survey, Abstract No. 138, the John
Hust Survey, Abstract No. 702, the J.B Johnson Survey, Abstract No. 855, the Wm. H.
Morris Survey, Abstract No. 1053, the John Sansom Survey, Abstract No. 1387, the W.C.
Trimble Survey, Abstract No 1521 the Allen S. Trimble Survey, Abstract No. 1528 and
the P Witt Survey, Abstract No. 1656, Tarrant County Texas. Said 866.987 acres of land
being more particularly described as follows:
BEGINNING at a point at the northwest corner of a tract of land described in the deed to
Tarrant county Water Control and Improvement District Number One (TCWCD),
recorded in Volume 8938, Page 464, Deed Records, Tarrant County Texas;
THENCE N89°36'47"E, along the north line of said TCWCD, a distance of 14.34 feet to
an angle point of said TCWCD tract said point being the southwest corner of Lot 1,
Block 10, Riverbend East Office Park, an addition to the City of Fort Worth, Tarrant
County, Texas according to the plat recorded in Volume 388-186, Page 91, Plat Records
Tarrant County, Texas;
THENCE N69°21'54"E, along the south line of said Block 10, at 75.43 feet passing the
northeast corner of said TCWCD, in all a distance of 2,311.74 feet to a point at the
southeast corner of said Block 10;
THENCE NOO°37'19"E, along the east line of said Block 10, at 11.13 feet passing a 5/8"
iron rod found at the southwest comer of a tract of land described in the deed to
Riverbend East I LP., recorded in Volume 14564 Page 104 Deed Records, Tarrant
County, Texas, in all a distance of 650.24 feet to a 5/8" iron rod found at the southwest
corner of Lot 5, of said Block 10, said iron rod being the northwest corner of said
Riverbend East tract;
THENCE N56°37`44"E, along the north line of said Riverbend East tract, at 308.97 feet
passing a 5/8" iron rod found at the southeast corner of said Lot 5, in all a distance of
369.14 feet to a 5/8" iron rod stamped "Carter & Burgess" found at the northeast corner
of said Riverbend East I tract, said iron rod lying in the west line of a tract of land
described in the deed to the State of Texas, recorded in Volume 3603, Page 370, Deed
Records, Tarrant County, Texas;
Ordinance Designating Tax Increment Reinvestment Zone Number Fourteen,
City of Fort Worth, Texas
THENCE S89°27'08"E, a distance of 348.55 feet to a point lying in the east line of said
State of Texas tract, said point lying in the west line of Tract 2, in the deed to Riverbend
Investment Ltd., recorded in Volume 13681, Page 387, Deed Records Tarrant County
Texas;
THENCE along said Tract 2 west line as follows:
1. N00°40'11 "E, a distance of 2,888.42 feet to an 1/2" iron rod found, said iron rod
being the southwest corner of a tract of land described in the deed to the City of Fort
Worth recorded in Volume 4119, Page 535, Deed Records, Tarrant County, Texas;
2. N27°12'45"E, a distance of 280.95 feet to a City of Fort Worth monument No.6410
found,
3. N50°49'45"E, a distance of 390.55 feet to an 1/2" iron rod stamped "Beasley 4050"
found
4. N32°24'45"E, a distance of 411.21 feet to an inverted RR beam found;
5. N47°25'45"E, a distance of 87.80 feet to a point, said point lying in the south line of
Tnnity Boulevard;
THENCE N42°34'1 S"W, crossing said Trinity Boulevard, a distance of 151.23 feet to a
concrete monument found at the south corner of Tract 1 A, of said Riverbend Investment,
said concrete monument lying in the north line of said City of Fort Worth tract;
THENCE along the west lines of said Tract lA as follows:
1. N57°38'47"W, a distance of 531.60 feet to a 5/8" iron rod found;
2. N30°20'47"W, a distance of 290.28 feet to a point said point being the northwest
corner of said City of Fort Worth tract and lying in said State of Texas east line;
3. N00°40'34"E, a distance of 735.86 feet to an 1/2" iron rod found at the northwest
corner of said Tract 1A and being the northeast corner of said State of Texas tract, said
iron rod being the southwest comer of a tract of land described in the deed to Riverbend
Investment II, Ltd , recotded in volume 14166 Page 240, Deed Records, Tarrant County
Texas and being the southeast corner of a tract of land described in the deed to the State
of Texas, recorded in Volume 3927, Page 395, Deed Records, Tarrant County, Texas;
THENCE along the west and north lines of said Riverbend Investment II tract as follows:
1. N00°39'52"E, a distance of 29.75 feet to an 1/2" iron rod stamped "NDM" found;
2. northerly, 649.79 feet along a non tangent curve to the right, having a radius of
Ordinance Designating Tax Increment Reinvestment Zone Number Fourteen,
City of Fort Worth, Texas
2,703.79 feet, a central angle of 13°46'11" and a chord bearing N07°3 1'53"E, 648.23 feet
to a point
3. N14°25'03"E, a distance of 383.52 feet to a point lying in the south line of Dallas
Area Rapid Transit and the Fort Worth Transportation Authority (TRE);
4. N62°33'S5"E, along said TRE south line, a distance of 947.83 feet to an 1/2" iron
rod found,
5. northeasterly, at 659.14 feet passing a 5/8" iron rod found at an exterior corner of
said Riverbend Investment II tract in all 1,502.69 feet along a non tangent curve to the
right having a radius of 5,679.85 feet, a central angle of 15°09'30" and a chord bearing
N70°05'48"E, 1,498.31 feet to a point;
THENCE S00°20'43"E, at 27.06 feet passing a point at the northeast corner of said
Riverbend Investment II tract, at 47.67 feet passing a point at the northwest corner of Lot
39, Block 22, Lakes of River Trails, an addition to the City of Fort Worth, Tarrant
County, Texas according to the plat recorded in County Clerk #D206240430, Plat
Records, Tarrant County, Texas, at 544.84 feet passing a point at the southwest corner of
Lot 31, of said Block 22, said point being the northwest corner of Lot 30, Block 22,
Lakes of River Trails, an addition to the City of Fort Worth, Tarrant County, Texas
according to the plat recorded in County Clerk #D207022271, Plat Records, Tarrant
County, Texas in all a distance of 1,147.85 feet to a point at the northwest corner of Lot
1, Block 23, of said Lakes of River Trails;
THENCE along the north and east lines of said Lot 1 as follows:
1. easterly, 479.81 feet along a non tangent curve to the right, having a radius of
4,550.83 feet, a central angle of 06°02 27' and a chord beanng N77°39'04"E, 479.58 feet
to an 1/2" iron rod stamped "Beasley 4050" found;
2. S06°06'37"E, a distance of 198.98 feet to an 1/2" iron rod stamped "Beasley 4050"
found;
3. SO4°02'22"W, at 59.98 passing a point at the southeast corner of said Lot 1 in all a
distance of 185.55 feet to a point at the most westerly southwest corner of Lot 4, Block
22, Lakes of River Trails, an addition to the City of Fort Worth Tarrant County, Texas
according to the plat recorded in County Clerk #D205382455, Plat Records, Tarrant
County, Texas;
THENCE along the west lines of said Block 22 as follows:
1. S68°17'44"E, a distance of 39.92 feet to an 1/2" iron rod stamped
found at the most southerly southwest corner of said Lot 4;
2. S00°21'52"E, a distance of 106.94 feet to an 1/2" iron rod stamped
Ordinance Designating Tax Increment Reinvestment Zone Number Fourteen,
City of Fort Worth, Texas
"Beasley 4050"
"Beasley 4050"
found;
3. southerly, 68.95 feet, along a curve to the left, having a radius of 387.25 feet, a
central angle of 10°12'07" and a chord bearing S05°27'56"E 68.86 feet to an 1/2" iron rod
stamped ' Beasley 4050" found at the southwest corner of Lot 1, of said Block 22, said
point lying in said City of Fort Worth north line;
THENCE easterly along said north line, 469.22 feet along a non tangent curve to the
right having a radius of 2,043,04 feet, a central angle of 13°09'32" and a chord bearing
N83°03'56"E, 468 19 feet to a point;
THENCE N89°37'06"E, continuing along said north line, a distance of 1,549.89 feet to a
point, from which the southeast comer of Lot 13, Block 10, Lakes of River Trails, an
addition to the City of Fort Worth, Tarrant County, Texas according to the plat recorded
in Cabinet A, Slide 7556, Plat Records, Tarrant County, Texas bears N89°33 30"E 67 24
feet;
THENCE S00°21'18"E, a distance of 120.00 feet to an 1/2" iron rod found at the
northeast corner of said Tract 2 said point lying in said City of Fort Worth south line;
THENCE S03°07'48"E, an east line of said Tract 2, a distance of 1,440.53 feet to a point;
THENCE S19°22'32' E, continuing along said east line, at 338.54 feet passing a 5/8' iron
rod found at the northwest comer of Lot 49, Block 8, River Trails Addition, an addition
to the City of Fort Worth, Tarrant County, Texas according to the plat recorded in
Cabinet A, Slide 4679, Plat Records, Tarrant County, Texas, in all a distance of 526.49
feet to a point at the southeast corner of said Lot 49, said point being the northwest corner
of Lot 1, Block 22, of said River Trails Addition;
THENCE along the north, east and south lines of said Lot 1 as follows:
1. S80°43'05"E, a distance of 134.69 feet to a point;
2. easterly 157.00 feet along a non tangent curve to the left, having a radius of 50.00
feet, a central angle of 179°54'14" and a chord bearing S80°42'48"E, 100.00 feet to a
point;
3. S80°43'05"E, a distance of 269.18 feet to a point;
4. S09°16'55"W, a distance of 115.00 feet to a point;
5. S13°54'49"E, a distance of 107.37 feet to a point;
6. S07°36'01 "E, a distance of 95.42 feet to a point;
7. S09°16'55"W, a distance of 90.00 feet to a point;
Ordinance Designating Tax Increment Reinvestment Zone Number Fourteen,
City of Fort Worth, Texas
8. S42°57'09"W, a distance of 78.11 feet to a point;
9. southwesterly, 78.53 feet along a non tangent curve to the left, having a radius of
50.00 feet a central angle of 89°59'27" and a chord bearing S54°16'59"W, 70.71 feet to a
point,
10. S85°44'51"W, a distance of 164.46 feet to a point at the southwest corner of said
Lot 1, said point being the northwest comer of Lot 1, Block 24, of said River Trails
Addition and lying in said Tract 2 east line;
THENCE S21°56'34"E, along said Tract 2 east line, a distance of 151.17 feet to a point at
the south corner of said Lot 1, from which an 1/2" iron rod found at an angle point of said
Tract 2 bears S21 °56'34"E 39.13 feet;
THENCE S80°43'56"E, along the south line of said Block 22, a distance of 1,879.00 feet
to a point;
•
THENCE easterly, 206.20 feet along a non tangent curve to the left having a radius of
3 966.00 feet, a central angle of 02°58'44" and a chord bearing S82°12'11 "E, 206.17 feet
to a point at the southeast corner of Lot 12, of said Block 22;
THENCE S84°12'41"E, a distance of 60.00 feet to a point lying in the east line of said
River Trails Addition, from which an 1/2" iron rod found at the southeast corner of said
River Trails Addition bears S05°59'20"W 42.99 feet;
THENCE easterly, 287.46 feet along a non tangent curve to the left, having a radius of
2,767.43 feet, a central angle of 05°57'05" and a chord bearing S87°29'41 "E, 287.33 feet
to a point
THENCE N89°31'37"E, a distance of 114.58 feet to an 1/2' iron rod found at the
northwest corner of Lot 46, Block 31, Lakes of River Trails South, an addition to the City
of Fort Worth, Tarrant County, Texas according to the plat recorded in Cabinet A, Slide
6909, Plat Records, Tarrant County, Texas;
THENCE S00°17'06"E, at 291.01 feet passing an 1/2" iron rod stamped "Beasley 4050'
found at the southwest corner of Lot 2, Block 10, of said Lake of River Trails South, said
iron rod being the northwest corner of Lot 3, Block l0,in all a distance of 791.06 feet to a
point at the southwest corner of Lot 12, Block 10, Lakes of' River Trails South, an
addition to the City of Fort Worth, Tarrant County, Texas according to the plat recorded
in Cabinet A, Slide 7623, Plat Records, Tarrant County, Texas, said point being the
northwest corner of Lot 41, Block 12, Lakes of River Trails South, an addition to the City
of' Fort Worth, Tarrant County, Texas according to the plat recorded in Cabinet A, Slide
8483, Plat Records, Tarrant County, Texas;
THENCE along the north lines of said Lot 41 as follows:
Ordinance Designating Tax Increment Reinvestment Zone Number Fourteen,
City of Fort Worth, Texas
1. N89°32'12"B, a distance of 8.62 feet;
2. S02°04'05"E, a distance of 29.57 feet to a point;
3. S76°36'20"E, a distance of 4.50 feet to a point;
4. S03°10'29"E, a distance of 10.89 feet to a point;
5. N89°26'57"E, a distance of 3.04 feet to a point;
6. SOO°12'21 "E, a distance of 26.15 feet to a point;
7. S88°37'37"E, a distance of 4.72 feet to a point;
8. SOO°43'57"W, a distance of 12.16 feet to a point;
9. N88°27'15"W, a distance of 4.40 feet to a point;
10. S00°06'32"E, a distance of 36.29 feet to a point;
11. S87°03'57"E, a distance of 4.33 feet to a point;
12. S01°00'57"E, a distance of 11.55 feet to a point;
13. S89°52'44"W, a distance of 4.40 feet to a point;
14. SO1°1929"E, a distance of 10.85 feet to a point;
15. S55°28'25"E, a distance of 52.26 feet to a point;
16. S55°46'18"E, a distance of 52.55 feet to a point;
17. S55°24'12"E, a distance of 70.09 feet to a point;
18. S55°36'32"E, a distance of 42.91 feet to a point;
19. N46°34'33"E, a distance of 4.79 feet to a point;
20. S53°43'45"E, a distance of 13.58 feet to a point;
21. S36°33'28"W, a distance of 4.41 feet to a point;
22. S53°50'26"E, a distance of 63.16 feet to a point;
23. N43°12'53"E, a distance of 4.60 feet to a point;
Ordinance Designating Tax Increment Reinvestment Zone Number Fourteen,
City of Fort Worth, Texas
24. S56°07'02"E, a distance of 11.56 feet to a point;
25. S36°13'30"W, a distance of 4.77 feet to a point;
26. S54°48'16"E, a distance of 24.84 feet to a point;
27. S76°32'24"E, a distance of 14.79 feet to a point;
28. N09°45'05"E, a distance of 4.81 feet to a point;
29. S80°38'59"E, a distance of 11.03 feet to a point;
30. N83°54'01 "E, a distance of 26.52 feet to a point;
31. N80°42'25"E, a distance of 196.53 feet to a point;
32. N89°32'12"E, a distance of 817.20 feet to a point;
33. S00°27'48"E, a distance of 201.78 feet to a point;
34. S45°27'48"E, a distance of 96.48 feet to a point;
35. N89°32'12"E, a distance of 395.60 feet to a point;
36. S00°27'48"E, a distance of 137.61 feet to a point;
37. S58°01'18"E, a distance of 140.03 feet to a point;
38. easterly 39.77 feet, along a curve to the left, having a radius of 50 00 feet, a central
angle of 45°34'23" and a chord bearing S80°48 30"E 38.73 feet to a point,
39. S58°01'18"E, a distance of 146.96 feet to a point;
40. southeasterly, 56.93 feet, along a curve to the left, having a radius of 325.00 feet, a
central angle of 10°02' 10" and a chord bearing S63°02123 'E 56.86 feet to a point;
41. southeasterly, 47.50 feet along a non tangent curve to the left, having a radius of
50.00 feet a central angle of 54°26'00" and a chord bearing S30°48'17'E, 45.74 feet to a
point,
42. S58°01'18"E, a distance of 185.73 feet to a point at the northeast corner of said Lot
41, said point lying in the east line of Precinct Line Road
THENCE S05°52'40"W, along the east line of said Lot 41, a distance of 36.84 feet to a
point;
Ordinance Designating Tax Increment Reinvestment Zone Number Fourteen,
City of Fort Worth, Texas
THENCE S00°22'11 "W, continuing along said east line, a distance of 728.60 feet to a
point at the southeast comer of said Lot 41 said point lying in the northeast line of a tract
of land described in the deed to Kenneth Allen et al, recorded in Volume 6688, Page 322
Deed Records, Tarrant County, Texas;
THENCE S54°58'41"E, along said northeast line, a distance of 66.10 feet to a point at the
northeast comer of said Allen tract;
THENCE along the east lines of said Allen tract as follows:
1. S00°05'29"W, a distance of 745.77 feet to a point;
2. southerly, 627.09 feet, along a curve to the right, having a radius of 2,331.00 feet, a
central angle of 15°24'50" and a chord bearing S07°47'54"W 625.20 feet to a point;
3. S15°30'19"W, a distance of 565.61 feet to a point at the southeast comer of said
Allen tract, said point being the northeast corner of a tract of land described in the deed to
Jessie Randol, recorded in Volume 6251, Page 242, Deed Records, Tarrant County,
Texas and said point lying in the south bank of the Trinity River;
THENCE along the common lines of said Allen and Randol tracts as follows:
1. N66°52'11 "W, a distance of 480.80 feet to a point;
2. N49°44'11 "W, a distance of 109.00 feet to a point;
3. N37°22'11 "W, a distance of 109.80 feet to a point;
4. N23°11'11 "W, a distance of 213.10 feet to a point;
5. NO2°58' 11 "W, a distance of 158.10 feet to a point;
6. N06°02'11 "W, a distance of 152.10 feet to a point;
7. N07°12'11 "W, a distance of 122,50 feet to a point;
8. N48°36'11 "W, a distance of 77.50 feet to a point;
9. S82°00'49"W, a distance of 191.60 feet to a point;
10. N87° 17' 11 "W, a distance of 246.80 feet to a point;
11. N83°03'11 "W, a distance of 161.10 feet to a point;
12. N65°54'11 "W, a distance of 246.30 feet to a point;
Ordinance Designating Tax Increment Reinvestment Zone Number Fourteen,
City of Fort Worth, Texas
13. N83°20'I 1 "W, a distance of 145.50 feet to a point;
14. N17°31'11 "W, a distance of 474.10 feet to a point;
15. N26°16'49"E, a distance of 72.90 feet to a point;
16. N65°45'49"E, a distance of 163.40 feet to a point;
17. N36°02'49"E, a distance of 200.10 feet to a point;
18. N15°32'49"E, a distance of 255.80 feet to a point;
19. NO3°28'11 "W, a distance of 50.90 feet to a point;
20. N52°38'11 "W, a distance of 271.70 feet to a point;
21. N37°08'11 "W, a distance of 347 20 feet to a point;
22. S22°22'49"W, a distance of 71.30 feet to a point;
23. S58°20'49"W, a distance of 245.30 feet to a point;
24. S78°59'49"W, a distance of 168.20 feet to a point;
25. S85°40'49"W, a distance of 68.90 feet to a point;
26. N80°25'11 "W, a distance of 70.40 feet to a point;
27. S52°01'49"W, a distance of 132.60 feet to a point;
28. S72°04'49"W, a distance of 43.40 feet to a point;
29. S34°32'49"W, a distance of 188.50 feet to a point;
30. S77°25'49' W, a distance of 396 20 feet to a point at the most southerly southwest
comer of said Allen tract, said point being the northwest corner of said Randol tract, said
point lying in the east line of Tract 2 in the deed to W. O. Ferguson Trust recorded in
Volume 6184, Page 426, Deed Records, Tarrant County, Texas;
THENCE N00°23'll"W, a distance of 591.81 feet to a point for the most northerly
southwest corner of said Allen tract;
THENCE N89°36'49"E, along said Allen tract, a distance of 141.08 feet to a point;
THENCE N00°23'11 "W, a distance of 193.53 feet to a point lying in south line of said
Ordinance Designating Tax Increment Reinvestment Zone Number Fourteen,
City of Fort Worth, Texas
Tract 2, from which the southeast corner of said Tract 2 bears N89°31'38"E 516.30 feet;
THENCE along the south lines of said Tract 2 as follows:
1. N28°59'09"W, a distance of 36.32 feet to a point;
2. N77°51'24"W, a distance of 469.24 feet to a point;
3. S80°29'01 "W, a distance of 288.28 feet to a point;
4. N01°56'48"W, a distance of 104.98 feet to a point;
5. S87°54'16"W, a distance of 971.95 feet to a point;
6. N69°18'48"W, a distance of 357.33 feet to a point;
7. NO2°21'52"W, a distance of 1,071,39 feet to a point;
8. N23°42'01 "W, a distance of 148.04 feet to a point;
9. N49°23'47"W, a distance of 194.42 feet to a point;
10. S88°25'07"W, a distance of 210 27 feet to a point;
11. S26°30'49"W, a distance of 264.09 feet to a point;
12. S29°53'45"W, a distance of 272.10 feet to a point;
13. S86°14'21"W, a distance of 417.61 feet to a point;
14. N27°19'04"W, a distance of 348.35 feet to a point;
15. N32°52'58"E, a distance of 382.69 feet to a point;
16. S89°34'05"W, a distance of 226.02 feet to a point;
17. N63°56'01 "W, a distance of 780.35 feet to a point;
18. S34°23'S3"W, a distance of 274.05 feet to a point;
19. S24°32'55"W, a distance of 136.23 feet to a point;
20. S89°34'05"W, a distance of 485.75 feet to a point;
21. S00°33'48"E, a distance of 407.27 feet to a point;
Ordinance Designating Tax Increment Reinvestment Zone Number Fourteen,
City of Fort Worth, Texas
22. S50°35 42"W, a distance of 65.02 feet to a point, said point lying in the north line
of a tract of land described in the deed to William Harvey Trust recorded in Volume
8372 Page 644, Deed Records, Tarrant County, Texas;
23. N87°54'29
24. N82°35'29
25. N76°39'29
26. N67°27'29
27. N63°25'29
28. N50°24'29
29. NI0°54129
30. N15°44'31
31. S89°27'31'
32. S00°22129'
33. S72°49'56'
34. S47°13'52'
35. S08°30'20'
36. S07°39'12'
37. S35°12'48'
38. S62°11'10'
39. N77°55'29
40. S00°08' 17'
41. S00°36'25'
42. SO4°05'29'
"W, a distance of 177.93 feet to a point;
"W, a distance of 224.70 feet to a point;
"W, a distance of 155.40 feet to a point;
"W, a distance of 145.20 feet to a 1" iron rod found;
"W, a distance of 138.70 feet to a 1" iron rod found;
"W, a distance of 81.50 feet to a 1" iron rod found;
"W, a distance of 74.90 feet to a point;
E a distance of 110.60 feet to a point;
'W, a distance of 388.79 feet to a 1" iron rod found;
'E, a distance of 1,673.41 feet to a point;
'W, a distance of 106.10 feet to a point;
'W, a distance of 236.28 feet to a point;
'W, a distance of 136.93 feet to a point;
'E, a distance of 346.84 feet to a point;
'E, a distance of 82.30 feet to a point;
'E, a distance of 119.77 feet to a point;
"E, a distance of 99.20 feet to a point;
'E, a distance of 96.01 feet to a point;
'E, a distance of 1,327.10 feet to a point;
'W, a distance of 514.35 feet to a. point;
43. S89°28'29"W, a distance of 738.78 feet to a point at the east corner of a tract of
land described as Tract II-B, in the deed to Bluecreek, Inc., recorded in Volume 11771,
Ordinance Designating Tax Increment Reinvestment Zone Number Fourteen,
City of Fort Worth, Texas
Page 237, Deed Records, Tarrant County, Texas;
THENCE S58°29'44"W, a distance of 525.85 feet to a point at the south corner of said
Tract II-B;
THENCE S61°31'45"W, a distance of 395.33 feet to a point at the southeast corner of
Tract II -A, of said Bluecreek tract;
THENCE S68°30'23"W, along the south line of said Tract II -A, a distance of 256.00 feet
to a point;
THENCE 361°56'00"W, continuing along said south line a distance of 428.41 feet to a
point, said point being the southwest corner of said Tract II -A and being the southeast
corner of a tract of land described in the deed to Riverbend East 1, LP. recorded in
County Clerk #D204088612, Deed Records, Tarrant County, Texas, from which a 5/8"
iron rod found in the north bank of the Tnnrty River bears NO3°24'34"W 299.37 feet;
THENCE along the south lines of said Riverbend East I tract as follows:
1. S72°08'36"W, a distance of 264.04 feet to a point for the south corner of said
Riverbend East I tract;
2. northwesterly, at 305.68 feet passing a 5/8" iron rod stamped "ANA" found in the
north bank of the Tnnrty River, in all an arc distance of 1,405.80 feet along a non tangent
curve to the left, having a radius of 1,642.39 feet a central angle of 49°02'32' and a
chord bearing N55° 19 43 "W, 1 363.28 feet to a point;
3. N79°49'40"W, at 398.10 feet passing a 5/8" iron rod stamped "ANA" found at the
southwest corner of said Riverbend East I tract, said iron rod being the southeast corner
of said TCWCD, in all in all a distance of 499 57 feet to a point at the southwest corner
of said TCWCD tract;
THENCE NOO°22'31"W, along the west line of said TCWCD tract, a distance of 188.55
feet to the point of beginning, containing 866.987 acres of land.
The bearings recited hereon are oriented to NAD83 Texas North Central Zone.
Legal Description, Part 2
Being 930.965 acres of land located in the Wm. Burns Survey, Abstract No. 121 the W.
Bradshaw Survey, Abstract No. 136, the R. Barton Survey, Abstract No. 176 the S.
Cotrail Survey, Abstract No 330, the John Hust Survey, Abstract No. 702, the J.W.
Haynes Survey, Abstract No. 789 the J.B. Johnson Survey, Abstract No 855, the J.
Overton Survey, Abstract No. 1191, the Wm. C. Trammell Survey, Abstract No. 1509,
the Allen S. Tremble Survey, Abstract No. 1526 and the G. Wilson Survey, Abstract No.
1626, Tarrant County, Texas. Said 930.965 acres of land being more particularly
Ordinance Designating Tax Increment Reinvestment Zone Number Fourteen,
City of Fort Worth, Texas
described as follows:
BEGINNING at a point lying in the east line of Lot 13, Block 8, Lakes of River Trails
South, an addition to the City of Fort Worth, Tarrant County, Texas according to the plat
recorded in Cabinet A, Slide 8483, Plat Records, Tarrant County, Texas, from which an
1/2" iron rod stamped "Beasley 4050" found at the southeast corner of said Lot 13 bears
S05°58'13"W 25.68 feet, said point lying in the west line of Precinct Line Road;
THENCE N05°58'14"E, at 24.32 feet passing an 1/2" iron rod found at the northeast
corner of said Lot 13, said iron rod being the southeast corner of Lot 12, Block 8, Lakes
of River Trails South, an addition to the City of Fort Worth, Tarrant County, Texas,
according to the plat recorded in Cabinet A, Slide 8158, Plat Records, Tarrant County,
Texas in all a distance of 784.35 feet to a point at the southeast comer of Lot 14, Block
7, Lakes of River Trails South, an addition to the City of Fort Worth, Tarrant County,
Texas, according to the plat recorded in Cabinet A, Slide 7623, Plat Records, Tarrant
County, Texas;
THENCE northerly along the east line of said Block 7, 422.88 feet, along a curve to the
left having a radius of 1,350.00 feet, a central angle of 17°56'52' and a chord bearing
NO3°00'12"W 421.16 feet to an 1/2" iron rod stamped "Beasley 4050" found lying in the
east line of Lot 7, Block 7, Lakes of River Trails South, an addition to the City of Fort
Worth, Tarrant County, Texas, according to the plat recorded in Cabinet A, Slide 6988
Plat Records, Tarrant County, Texas;
THENCE N11°58'38"W, continuing along said Block 7 east line, a distance of 393.85
feet to a point lying in the north line of River Trails Boulevard, Lakes of River Trails
South, an addition to the City of Fort Worth, Tarrant County, Texas according to the plat
recorded in Cabinet A Slide 6909, Plat Records, Tarrant County, Texas, said point lying
in said Precinct Line Road west line;
THENCE N13°06'38"W, along said west line, a distance of 296.76 feet to a point;
THENCE northerly, 390.93 feet along a non tangent curve to the right, having a radius of
1,865.89 feet, a central angle of 12°00'16" and a chord bearing N07°07'16"W, 390.22 feet
to a point lying in the east line of Lot 50, Block 21, River Trails Addition, an addition to
the City of Fort Worth, Tarrant County, Texas according to the plat recorded in Cabinet
A, Slide 5577, Plat Records, Tarrant County, Texas;
THENCE N01 °07'09"W, along the common line of said Block 21 and Precinct Line
Road, a distance of 508.94 feet to a point lying in the east line of Lot 21, Block 21, River
Trails Addition, an addition to the City of Fort Worth, Tarrant County, Texas according
to the plat recorded in Cabinet A, Slide 3517, Plat Records, Tarrant County, Texas;
THENCE northwesterly, 940.76 feet, along a curve to the left, having a radius of
1,000.00 feet, a central angle of 53°54'05' and a chord bearing N28°04'12"W 906.45 feet
to a point lying in the northeast line of Lot 5, Block 37, of said River Trails Addition;
Ordinance Designating Tax Increment Reinvestment Zone Number Fourteen,
City of Fort Worth, Texas
THENCE N55°01'14"W, continuing along said Precinct Line Road west line, a distance
of 416.46 feet to a point at the southeast corner of Lot 5, Block A, River Trails All
Storage Addition, an addition to the City of Fort Worth Tarrant County, Texas
according to the plat recorded in Cabinet A, Slide 10612, Plat Records, Tarrant County
Texas;
THENCE along the south and west lines of said Block A as follows:
1. S89°35'08"W, a distance of 1,364.23 feet to a point at the southwest corner of
Block A;
2. N09°18'16"E, a distance of 594.93 feet to a point;
3. northerly, 183.57 feet along a non tangent curve to the left, having a radius of
1,090.00 feet a central angle of 09°37'57" and a chord bearing N04°28'51"E, 183.35 feet
to a point;
4. N00°20'12"W, a distance of 19.95 feet to an 1/2" iron rod found bent at the
northwest comer of Lot 1, of said Block A, said iron rod being the northeast corner of Lot
13, Block 15, River Trails Addition, an addition to the City of Fort Worth, Tarrant
County, Texas, according to the plat recorded in Cabinet A, Slide 1478, Plat Records
Tarrant County, Texas*
THENCE N89°35 40"W, a distance of 565.43 feet to a 5/8' iron rod stamped "Sempco"
found at an angle point lying in the north line of Lot 23, Block 1, River Trails Addition,
an addition to the City of Fort Worth Tarrant County Texas, according to the plat
recorded in Volume 388-191 Page 44, Plat Records, Tarrant County, Texas;
THENCE along the north lines of said River Trails Addition and the south lines of
Trinity Boulevard as follows:
1. S85°47'40"W, a distance of 311.01 feet to an 1/2" iron rod found at the northeast
corner of Lot 14, of said Block 1;
2. westerly, 118.00 feet along a non tangent curve to the right, having a radius of
993.50 feet, a central angle of 06°48'18" and a chord bearing S86°13 03"W, 117.93 feet
to an 1/2" iron rod found in the north line of said Lot 14;
3. S89°37'12"W, a distance of 1,107.32 feet to a 5/8" iron rod stamped "Sempco"
found in the north line of Lot 33, Block 2, of said River Trails Addition;
4. westerly, 209.57 feet, along a curve to the right, having a radius of 1,136.38 feet, a
central angle of 10°34'00" and a chord bearing N85°05'48"W 209.28 feet to a point lying
in the north line of Lot 24, of said Block 2;
Ordinance Designating Tax Increment Reinvestment Zone Number Fourteen,
City of Fort Worth, Texas
5. N85°34'43"W, a distance of 665.81 feet to a point lying in the north line of Lot 4R,
Block 2, River Trails Addition, an addition to the City of Fort Worth, Tarrant County,
Texas, according to the plat recorded in Volume 388-192, Page 56, Plat Records, Tarrant
County, Texas, said point lying in the south line of a tract of land described in the deed to
the City of Fort Worth, recorded in Volume 4119 Page 535 Deed Records, Tarrant
County, Texas;
THENCE S89°37112'W, at 110.00 feet passing an 1/2" iron rod found at the northwest
corner of said Lot 4R, in all a distance of 275.23 feet to an 1/2" iron rod found at the
northeast corner of a tract of land described at Tract 2, in the deed to Riverbend
Investment Ltd., recorded in Volume 13681, Page 387, Deed Records, Tarrant County
Texas;
THENCE N00°21'18"W, crossing said City of Fort Worth tract, a distance of 120.52 feet
to a point lying in the north line of said City of Fort Worth tract, said point lying in the
south line of Lot 13, Block 10, Lakes of River Trails, an addition to the City of Fort
Worth Tarrant County, Texas, according to the plat recorded in Cabinet A, Slide 7556
Plat Records, Tarrant County, Texas;
THENCE N89°38'27"E, along the north line of said City of Fort Worth tract, a distance
of 1,379.65 feet to an 1/2" iron rod found at the southwest comer of Lot 2, Block 8,
Lakes of River Trails, an addition to the City of Fort Worth Tarrant County, Texas,
according to the plat recorded in Cabinet A, Slide 5983, Plat Records, Tarrant County,
Texas*
THENCE N89°38'42"E, continuing along said north line, a distance of 1,184.99 feet to
an 1/2" iron rod found at the most easterly southwest corner of Lot 49 Block 1, of said
Lakes of River Trails;
THENCE along the east and north lines of said Block 1 as follows:
1. N54°00'42"E, a distance of 62.37 feet to a point at the southeast corner of said Lot
49;
2. N44°47'42"W, a distance of 186.77 feet to a point at the northeast corner of said Lot
49;
3. northwesterly, 30.36 feet along a non tangent curve to the left, having a radius of
50.00 feet a cential angle of 34°47'22" and a chord bearing N46°27'06' W, 29.90 feet to a
point at the southeast cornei of Lot 48;
4. N08°53'08"W, a distance of 338.56 feet to a point at the southeast corner of Lot 40;
5. N00°21' 18"W, a distance of 202.07 feet to a point at the southeast corner of Lot 36;
6. N17°31'25"W, a distance of 126.23 feet to an 1/2" iron rod found at the southeast
Ordinance Designating Tax Increment Reinvestment Zone Number Fourteen,
City of Fort Worth, Texas
corner of Lot 34, of said Block 1;
7. N26°23'01 "W, a distance of 182.32 feet to a point at the east corner of Lot 31;
8. N45°25'40"W, a distance of 60.96 feet to a point at the north corner of said Lot 31;
9. N52°41'46"W, a distance of 60.72 feet to a point at the north corner of Lot 30;
10. N50°31'56"W, a distance of 60.77 feet to a point at the north comer of Lot 29;
11. N57°39'09"W, a distance of 60.98 feet to a point at the north corner of Lot 28;
12. N61°47'13"W, a distance of 128.19 feet to a point at the north corner of Lot 26;
13. N68°58'04"W, a distance of 290.62 feet to a point lying in the north line of Lot 20;
14. N69°36'50"W, a distance of 54.49 feet to a point lying in said Lot 20 north line;
15. N78°15'08"W, a distance of 7.01 feet to a point at the north comer of said Lot 20;
16. S65°31'16"W, a distance of 50.29 feet to an 1/2" iron rod found at the most
southerly northeast corner of Lot 19, of said Block 1;
17. N80°06'58"W, at 60.97 feet passing a point at the northeast corner of Lot 15, Block
7, of said Lakes of River Trails, in all a distance of 897.53 feet to a point at the north
comer of Lot 1, of said Block 7;
THENCE S83°10'02"W, at 1.77 feet passing a point at the northeast corner of Lot 21,
Block 12, Lakes of River Trails, an addition to the City of Fort Worth, Tarrant County
Texas, according to the plat recorded in Cabinet A, Slide 9733, Plat Records, Tarrant
County, Texas, in all a distance of 46.65 feet to an 1/2' iron rod found at the northwest
corner of Lot 1;
THENCE along the east lines of said Lot 21 as follows:
1. S08°17'54"W, a distance of 64.16 feet to a point;
2. S46°24'49"E, a distance of 98.59 feet to a point;
3. southeasterly, 186 49 feet along a non tangent curve to the left, having a radius of
50.00 feet a central angle of 213°42'09" and a chord bearing S63°15'53"E, 95.71 feet to a
point;
4. S80°06'58"E, a distance of 67.84 feet to a point;
5. S09°53'02"W, a distance of 110.00 feet to a point;
Ordinance Designating Tax Increment Reinvestment Zone Number Fourteen,
City of Fort Worth, Texas
6. S80°06'58"E, a distance of 100.00 feet to a point;
7. S09°06114"E, a distance of 137.86 feet to a point;
8. N78°07'27"E, a distance of 110.00 feet to a point;
9. southeasterly, 275.91 feet along a non tangent curve to the left, having a radius of
555.00 feet, a central angle of 28°29'01" and a chord bearing S26°07 04"E, 273.08 feet to
a point;
10. S40°21'34"E, a distance of 164.40 feet to a point;
11. S49°38'26"W, a distance of 110.96 feet to an 1/2" iron rod found;
12. S40°21'34'E, a distance of 110.00 feet to a point at the southeast corner of said Lot
21, said iron rod being the southwest comer of Lot 9, Block 6, of said Lakes of River
Trails recorded in Cabinet A, Slide 5983;
THENCE along the south lines of said Lot 21 as follows:
1. S49°38'26"W, a distance of 5.41 feet to a point;
2. southwesterly, 68.41 feet, along a curve to the right, having a radius of 375.00 feet,
a central angle of 10°27'06" and a chord bearing S54°52'00"W 68.31 feet to a point of
compound curve to the right having a radius of 275.00 feet and a central angle of
31 °47' 19"
3. westerly along the arc, a distance of 152.57 feet to a point;
4. N88°07'09"W, a distance of 304.19 feet to a point;
5. westerly, 38.98 feet, along a curve to the right, having a radius of 275.00 feet, a
central angle of 08°07'16' and a chord bearing N84°03'31 "W 38.95 feet to a point,
6. N79°59'53"W, a distance of 63.59 feet to a point;
7. westerly, 46.07 feet, along a curve to the left, having a radius of 325.00 feet, a
central angle of 08°07'16" and a chord bearing N84°03'31"W 46.03 feet to a point;
8. N88°07'09"W, a distance of 158.76 feet to a point;
9. westerly, 232.49 feet, along a curve to the right, having a radius of 475.00 feet, a
central angle of 28°02'36" and a chord bearing N74°05'51 "W 230.17 feet to a point;
10. N60°04'33"W, a distance of 83.48 feet to a point;
Ordinance Designating Tax Increment Reinvestment Zone Number Fourteen,
City of Fort Worth, Texas
11. northwesterly, 74.83 feet, along a curve to the left, having a radius of 525.00 feet, a
central angle of 08°10'01" and a chord bearing N64°09'34"W 74.77 feet to a point lying
in the east line of a remainder portion of Tract 1B, of said Riverbend Investment, Ltd.
tract;
THENCE east, south and west sides of said remainder portion as follows:
1. S21 °45'26"W, a distance of 171.06 feet to a point at the southwest corner of Lot 16,
Block 11, Lakes of River Trails, an addition to the City of Fort Worth, Tarrant County,
Texas, according to the plat recorded in Cabinet A, Slide 9098, Plat Records, Tarrant
County, Texas, said point lying in the north line of Lot 3, Block 11, Lakes of River
Trails an addition to the City of Fort Worth, Tarrant County, Texas, according to the plat
recorded in Cabinet A Slide 7483, Plat Records, Tarrant County, Texas;
2. N59°51'48"W, a distance of 51.70 feet to an angle point in Lot 4, of said Block 11;
3. N77°26'20"W, a distance of 237.42 feet to an angle point in Lot 8, of said Block 11;
4. N55°28'41 "W, a distance of 299.29 feet to an angle point at the northeast corner of
Lot 4, Block 12, of said Lakes of River Trails recorded in Cabinet A, Slide 7483;
5. N63°39'47"W, a distance of 134.35 feet to a point at the northwest corner of Lot 5,
of said Block 12;
6. N09°38'40"E, at 292.03 feet passing the southwest comer of said Lot 21, in all a
distance of 583.52 feet to a point at the southeast corner of Lot 19, of said Block 12,
recorded in Cabinet A, Slide 9733
THENCE along the west lines of said Lot 21 as follows:
1. N46°26'19"E, a distance of 16.40 feet to a point;
2. N20°23'20"E, a distance of 99.91 feet to a point;
3. N34°30'37"W, a distance of 135.05 feet to a point;
4. N85°26'55"W, a distance of 44.55 feet to a point at the northwest corner of Lot 20,
of said Block 12;
5. S09°38'40"W, a distance of 88.90 feet to a point;
6. S30°34'09"W, a distance of 19.99 feet to a point at the southwest corner of said Lot
20;
7. westerly, 33.94 feet along a non tangent curve to the left, having a radius of 50.00
Ordinance Designating Tax Increment Reinvestment Zone Number Fourteen,
City of Fort Worth, Texas
feet, a central angle of 38°53'36" and a chord bearing N78°52'25"W, 33.29 feet to a
point;
8. N08°19116"W, a distance of 106.05 feet to a point at the northwest corner of said
Lot 21, said point being the northeast corner of Lot 22, of said Block 12;
THENCE N83°24'27"W, a distance of 139.29 feet to an angle point lying in the north
line of Lot 32, of said Block 12,
THENCE N78°43'17"W, a distance of 197.66 feet to an angle point lying in the north
line of Lot 34, of said Block 12
THENCE N84°04'31 "W, at 16.19 feet passing a point at the northwest corner of said Lot
34, at 48.07 feet passing a point at the northeast corner of Lot 67 Block 22, of said Lakes
of River Trails, recorded in Cabinet A, Slide 9733, in all a distance of 72.21 feet to an
angle point lying in the north line of said Lot 67;
THENCE along the north line of said Block 22 as follows:
1. N88°39'15"W, a distance of 196.14 feet to an angle point lying in the north line of
Lot 63;
2. N89°25'28"W, a distance of 139.03 feet to an angle point lying in the north line of
Lot 61;
3. N86°50'14"W, a distance of 58.58 feet to a point at the northeast corner of Lot 59,
Block 22, Lakes of River Trails, an addition to the e City of Fort Worth, Tarrant County,
Texas, according to the plat recorded in Cabinet A, Slide 11311, Plat Records, Tarrant
County, Texas;
4. S81°51'11"W, a distance of 50.47 feet to a point at the northwest corner of said Lot
59;
5. westerly, 189.33 feet along a non tangent curve to the left, having a radius of
5,615.83 feet, a central angle of 01°55'54" and a chord bearing S87°37'02"W, 189.32 feet
to a point lying in the north line of Lot 55;
6. westerly, 298.89 feet along a non tangent curve to the left having a radius of
5,615.87 feet, a central angle of 03°02'58" and a chord bearing S85°12'43"W, 298.86 feet
to a point lying in the north line of Lot 49;
7. S88°28'59"W, a distance of 12.84 feet to a point at the northeast corner of Lot 48;
8. S86°10'33"W, a distance of 60.97 feet to a point at the northwest corner of said Lot
48;
Ordinance Designating Tax Increment Reinvestment Zone Number Fourteen,
City of Fort Worth, Texas
9. S83°31'57"W, a distance of 42.82 feet to a point lying in the north line of Lot 47;
10. westerly, 480.48 feet along a non tangent curve to the left, having a radius of
5,620.83 feet, a central angle of 04°53'52" and a chord bearing S79°59'35"W, 480.34 feet
to a point at the northwest corner of Lot 39, said point lying in the west line of said Tract
1B;
THENCE N00°20'43"W, a distance of 46.62 feet to a point lying in the south line of
Dallas Area Rapid Transit and the Fort Worth Transportation Authority (DART) tract;
THENCE easterly along said DART south line, 1,624.17 feet along a non tangent curve
to the right, having a radius of 5 679.85 feet, a central angle of 16°23'02' and a chord
bearing N85°52'04"E, 1,618,64 feet to a point;
THENCE S85°56'25"E, continuing along said DART south line, at 6,247.30 feet passing
a point at the north west corner of Lot 2AR-1, Texas Industnes Addition No. 2, an
addition to the City of Fort Worth, Tarrant County, Texas, according to the plat recorded
in Cabinet A, Slide 7186, Plat Records, Tarrant County, Texas, in all a distance of
6,595.67 feet to a point lying in the north line of said Lot 2AR-1;
THENCE S00°36'27"E, at 700.25 feet passing an exterior angle point of said Lot 2AR-1,
in all a distance of 870,71 feet to a point at the most northerly southwest corner of said
Lot 2AR-1
THENCE along the south lines of said Lot 2AR-1 as follows:
1. S46°07'31 "E, a distance of 202.00 feet to a point;
2. S00°36'27"E, a distance of 374.75 feet to a point at the southwest comer of said Lot
2AR-1, said point lying in the north line of Trinity Boulevard;
3. N88°35'33"E, a distance of 100.01 feet to a point at the southeast corner of said Lot
2AR-1
4. N00°36'27"W, a distance of 298.26 feet to a point;
5. N15°22'34"E, a distance of 222.00 feet to a point;
6. N29°38'33"E, a distance of 140.60 feet to a point at the most northerly southeast
corner of said Lot 2AR-1;
THENCE N27°48'13"E, a distance of 731.12 feet to a point Iying in the north line of said
Lot 2AR-1, said point lying in said DART south line;
THENCE S85°57'27"E, along said DART south line, at 623.60 feet passing an 1/2" iron
rod stamped "Bntain & Crawford' found at the northeast corner of said Lot 2AR-1, at
Ordinance Designating Tax Increment Reinvestment Zone Number Fourteen,
City of Fort Worth, Texas
1,627.24 feet passing an 1/2" iron rod found, in all a distance of 1,635.00 feet to a point at
the northeast comer of a tract of land described in the deed to Texas Industries, Inc.
recorded in Volume 5784, Page 475, Deed Records, Tarrant County, Texas, said point
lying in the west line of South Norwood Drive;
THENCE S00°29'34"E, along the east line of said Texas Industries tract, a distance of
1,114.60 feet to an 1/2" iron rod stamped "Britain & Crawford' found at the southeast
corner of said Texas Industries tract, said iron rod lying in said Trinity Boulevard north
line;
THENCE N89°38'54"E, a distance of 72.37 feet to a point at the southwest corner of Lot
1, Block 4 Bell Helicopter Industrial Park, an addition to the City of Fort Worth Tarrant
County Texas according to the plat recorded in Volume 388-128, Page 11, Plat Records
Tarrant County, Texas;
THENCE N88°39'26"E, along the south line of said Lot 1, a distance of 1,165.09 feet to a
point, from which an 5/8' iron rod stamped "Carter -Burgess" found at the southeast
corner of said Lot 1 bears N88°39'26'E 32.53 feet;
THENCE S01°20'34"E, a distance of 120.08 feet to a point at the northeast comer of Lot
1, Block 1, Trinity Bell Gardens, an addition to the City of Fort Worth, Tarrant County
Texas, according to the plat recorded in County Clerk #D211306978, Tarrant County
Texas;
THENCE S01°10'23"E, along the east line of said Lot 1, a distance of 730.06 feet to a
point at the southeast corner of said Lot 1, said point lying in a north line of a tract of
land described in the deed to Tarrant Acquisitions, Ltd , recorded in County Clerk
#D205268552 Deed Records, Tarrant County, Texas;
THENCE along the north lines of said Tarrant Acquisitions tract as follows:
1. N88°53'34"E, a distance of 1,699.04 feet to an 1/2" iron rod stamped "Britain &
Crawford" found;
2. S00°35'36"E, a distance of 420.00 feet to a point;
3. N89°24'24"E, a distance of 1,065.86 feet to point lying in said north line, from an 1-
1/2" iron rod found at the northeast comer of said Tarrant Acquisition tract bears
N89°24'24"E 1 315.44 feet, said point being the southwest corner of a tract of land
described in the deed to the City of Hurst, recorded in Volume 3465, Page 268, Deed
Records, Tarrant County, Texas and said point lying in the west line of a tract of land
described in the deed to Fort Worth Sand and Gravel Company, Inc., recorded in Volume
1333, Page 124, Deed Records, Tarrant County, Texas;
THENCE S00°18'52"E, along said west line, a distance of2,419.34 feet to a point lying
in the south line of said Tarrant Acquisitions tract;
Ordinance Designating Tax Increment Reinvestment Zone Number Fourteen,
City of Fort Worth, Texas
THENCE along the said Tarrant Acquisitions south lines as follows:
1. S89°42'55"W, a distance of 199.96 feet to a point, from which an 1/2" iron rod
found at the southeast corner of said Tarrant Acquisitions tract bears N89°42'55"E
1,348.65 feet;
2. SO1 ° 11'31 "W, a distance of 243.22 feet to a point;
3. S89°52'16"W, a distance of 208.89 feet to a point;
4. S01 °11'31 "W, a distance of 417.78 feet to an 1/2" iron rod stamped "Britain &
Crawford" found;
5. S89°52'16"W, a distance of 452.11 feet to an 1/2" iron rod stamped "Britain &
Crawford" found;
6. N01 ° 11'44"E, a distance of 659.20 feet to a point;
7. S89°42'55"W, a distance of 1,366.67 feet to an 1/2" iron rod found;
8. S00°43'19"W, a distance of 1,952.73 feet to a point;
9. S89°59'57"W, a distance of 700.76 feet to a point;
10. NOO°40'47"W, a distance of 307.45 feet to a point;
11. S89° 12'56"W, a distance of 1,036.62 feet to a point;
12. NOO°47'04"W, a distance of 1,126.50 feet to a point;
13. 889°12'56"W, at 215.28 feet passing an 1/2" iron rod stamped "Britain &
Crawford" found, at 265.30 feet passing an 1/2" iron rod stamped "Britain & Crawford"
found, in all a distance of 891.00 feet to a point;
14. SOO°47'04"E, a distance of 1,561.91 feet to a point;
15. N83°17'04"W, a distance of 425.58 feet to a point;
16. SO4°27'56"W, a distance of 488.89 feet to a point;
17. S53°12'56"W, a distance of 203.47 feet to a point;
18. N38°47'04"W, a distance of 993.75 feet to a point;
19. N25°40'42"W, a distance of 997.38 feet to a cotton spike found at the most
Ordinance Designating Tax Increment Reinvestment Zone Number Fourteen,
City of Fort Worth, Texas
northerly southwest corner of said Tarrant Acquisitions tract;
THENCE N84°01 `46"W, a distance of 79.47 feet to the point of beginning, containing
930.965 acres of land,
The bearings recited hereon are oriented to NAD83 Texas North Central Zone.
At the hearing, interested persons are entitled to speak or present evidence for or against
the designation of these tracts as Tax Increment Reinvestment Zone Number Fourteen,
City of Fort Worth, Texas, the boundaries of the reinvestment zone, and/or the concept of
tax increment financing
For additional information, contact City of Fort Worth Housing and Economic
Development Department by telephone at 817-392-7540 or in writing at City of Fort
Worth, Housing and Economic Development Department, 1000 Throckmorton Street,
Fort Worth, Texas 76102.
Ordinance Designating Tax Increment Reinvestment Zone Number Fourteen,
City of Fort Worth, Texas
City of Fort Worth, Texas
Mayor and Council Communication
COUNCIL ACTION: Approvedon11/12/2012 - Ordinance No. 20505-11-2012
DATE: Monday, November 12, 2012
LOG NAME: 1717TIF14ESTABLISH
SUBJECT
Conduct Public Hearing and Adopt Ordinance Establishing Tax Increment Reinvestment Zone Number
Fourteen City of Fort Worth, Texas, Trinity Lakes TIF (COUNCIL DISTRICT 4)
RECOMMENDATION.
It is recommended that the City Council:
REFERENCE NO.: G-17744
1. Hold a public hearing concerning the designation of Tax Increment Reinvestment Zone Number
Fourteen, City of Fort Worth, Texas for tax increment financing purposes; and
2. Adopt the attached ordinance designating Tax Increment Reinvestment Zone Number Fourteen, City of
Fort Worth, Texas, pursuant to Chapter 311 of the Texas Tax Code and containing specific findings of fact
in support thereof.
DISCUSSION:
The proposed Tax Increment Reinvestment Zone Number Fourteen, City of Fort Worth, Texas, more
commonly referred to as the Trinity Lakes TIF, is located on approximately 1,800 acres of land in
northeast Fort Worth. The property is generally bounded by the Trinity Railway Express (TRE) rail line to
the north the Trinity River to the south, Bell Spur Road to the east and Loop 820 to the west. The exact
boundaries of the property are described in Exhibit A of the attached ordinance.
The proposed TIF district is being considered in order to finance public infrastructure improvements in the
area such as public improvements to arterials (Trinity Boulevard and Precinct Line Road), the Trinity
Trails system, wayfinding signage, transit improvements, public parking facilities, land acquisition and
other TIF-eligible costs to help encourage redevelopment in the Trinity Lakes area. The ordinance
provides that the City will contribute 85 percent of its tax increment to the TIF district each year the TIF
district is in existence. The TIF district will expire on December 31, 2032 or an earlier date as of which all
project costs have been paid in full.
Per Chapter 311 of the Texas Tax Code (Tax Increment Financing Act), a public hearing is required to
establish a TIF district. Notice of this public hearing was delivered to the governing body of each taxing
unit that levies real property taxes on property located within the proposed TIF district and published in a
newspaper of general circulation at least seven days prior to this meeting.
The proposed area meets the criteria for designation as a reinvestment zone pursuant to the Tax
Increment Financing Act because the area is underdeveloped, blighted and largely unproductive due to
insufficient infrastructure. These characteristics prevent development from occurring in the area solely
through private investment in the reasonably foreseeable future, thus substantially impairing and arresting
the sound growth of the City.
Logname: 1717TIF 14ESTABLISH Page 1 of 2
The proposed TIF district is located in COUNCIL DISTRICT 4.
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
CERTIFICATIONS:
Submitted for City Manager's Office by:
Originating Department Head:
Additional Information Contact:
FROM Fund/Account/Centers
Fernando Costa (6122)
Jay Chapa (5804)
Marguerite Allen (2235)
Robert Sturns (8003)
Logname: 1717TIF14ESTABLISH Page 2 of 2
ORDINANCE NO. 20505-11-2012
AN ORDINANCE DESIGNATING A CERTAIN CONTIGUOUS
GEOGRAPHIC AREA IN THE CITY OF FORT WORTH AS "TAX
INCREMENT REINVESTMENT ZONE NUMBER FOURTEEN,
CITY OF FORT WORTH, TEXAS", CREATING A BOARD OF
DIRECTORS FOR THE ZONE; PROVIDING THE EFFECTIV
AND TERMINATION DATES FOR THE ZONE; ESTABLISHI
A TAX INCREMENT FUND FOR THE ZONE; 4 .N
CONTAINING OTHER MATTERS RELATED TO THE
WHEREAS, the City Council desires to promote the dyelopiitf nd in that
certain contiguous geographic area in the City which is n sp ifie; l"y described in
Exhibit "A" of this Ordinance (the "Zone") throw 1i read1140f -new reinvestment
zone as authorized by and in accordance with aX'l accent rit Financing Act, codified
at Chapter 311 of the Texas Tax Code (the'i'Col
WHEREAS, the City has& ep i' d pfelirttmary project and financing plans for
the proposed Zone and pro
taxing unit that levier `ttaxes
31 1.003(b) of the Gibde (I
hose plans to the governing body of each
'property in the Zone, as required by Section
"-Pliminary Plans"); and
EAR tiii vember 12, 2012 the City Council held a public hearing
regar i °'?t of the Zone and its benefits to the City and to property in the Zone
�
x
�orde reasonable opportunity for (i) all interested persons to speak for or against
t % acrea pn of the Zone, its boundaries or the concept of tax increment financing and (ii)
owners of real property in the proposed Zone to protest inclusion of their property in the
Zone, as required by Sections 311.003(c) and (d) of the Code; and
WHEREAS, notice of the public hearing was published in a newspaper of
general circulation in the City on November 4, 2012, which satisfies the requirement of
Ordinance Designating Tax Increment Reinvestment Zone Number Fourteen, Page 1 of 7
City of Fort Worth, Texas Ordinance No. 20505-11-2012
Section 311.003(c) of the Code that publication of the notice occur not later than the
seventh day before the date of the public hearing;
NOW, THEREFORE, BE IT ORDAINED I3Y THE CITY COUNCIL OF
THE CITY OF FORT WORTH, TEXAS:
Section 1.
FINDINGS.
That after reviewing all information before it agar
Zone and after conducting a public hearing regard
e`' ,Stablishrnent of the
tion of the Zone and its
benefits to the City and to property in thie tI_. fording a reasonable opportunity
for (i) all interested persons to sneak fox= orarist the creation of the Zone, its
boundaries or the concept of t inc ement`financing and (ii) owners of real property in
the proposed Zone to pro: st incicion,ottheir property in the Zone, the City Council
hereby makes the f9IIov ,4ng findings of fact:
1.1. The "nts mod'"facts set forth in the recitals of this Ordinance are true and
s �r�
efore, the City has met the notice and procedural requirements
shld by the Code for creation of a reinvestment zone under the Code.
e Zone consists of approximately 1,800 acres of land and the area within the
Zone is contiguous.
1.3. The Zone lacks essential infrastructure to sustain viable development, including
but not limited to, water, sewer, drainage, roads and sidewalks. As the area
continues to grow, these needs will only continue to increase.
Ordinance Designating Tax Increment Reinvestment Zone Number Fourteen, Page 2 of 7
City of Fort Worth, Texas Ordinance No. 20505-11-2012
1.4. The Zone houses two major arterials currently negatively affected by heavy
congestion and flooding which must be redesigned and reconstructed in order for
development of the area around these intersections to be viable.
1.5. Based on the facts set forth in Sections 1.3 and 1.4 hereof, as well as on all other
information provided to and/or known by the City Council with respece area
within the Zone and the area in the vicinity of the Zone, the Cit%C qil hereby
finds that development of the Zone will not occur ferhrofih: rivate
investment in the foreseeable future.
1.6. Taking all facts into consideration, the area within th.1leubstantially impairs
and arrests the sound growth of the City and nstittiOn economic liability and
a menace to the public health and: ;ty�b'us§,of (i) a substantial number of
substandard, deteriorated and,4etett ra . structures; (ii) the predominance of
inadequate sidewalk ands-straL laid ts; (iii) faulty lot layout in relation to size,
adequacy, accessil arid'gsefialness; (iv) unsanitary and unsafe conditions; (v)
the deteriora#id . of sitJ tttnd other improvements; and (vi) conditions that
endanrf =id property by fire or other cause. Therefore, the area within the
Zfe e:, tz-riteria for designation of a reinvestment zone and satisfies the
nnt; of Section 311.005(a)(1) of the Code.
e than thirty percent (30%) or less of the property in the Zone is used
rrently for residential purposes, as specified by Section 311.006 of the Code.
1.8. According to the most recent appraisal roll of the City, the total appraised value of
all taxable real property in the Zone and in existing reinvestment zones in the City
Ordinance Designating Tax Increment Reinvestment Zone Number Fourteen, Page 3 of 7
City of Fort Worth, Texas Ordinance No. 20505-11-2012
does not exceed twenty-five percent (25%) of the total appraised value of taxable
real property in the City and in industrial districts created by the City, if any.
Section 2.
DESIGNATION OF NEW ZONE.
That the City Council hereby designates the Zone described -,in ki . boundby
description and depicted in the map, both attached hereto as Exh-ibjt`',A'4 id.riade a
part of this Ordinance for all purposes, as a reinvestment zti to pi -sent to and in
accordance with the Code. This reinvestment zone .hall bwr as "Tax Increment
e
Reinvestment Zone Number Fourteen, City of Fort Vr`prth
Section
ZOI,t& B04RIYAQF DIRECTORS.
That a board of d ors' tht thp, one ("Board") is hereby created. The Board
shall consist of seven member ,who shall serve for terms of two (2) years each. Of
these seven _fie ers,'eiiel taxing unit other than the City that has approved the
paymen paft-"the tax increment produced by the unit into the tax increment
fuxfor `fig n 3nay, but is not required to, appoint one (1) member to the Board.
ing unit other than the City designates to the City either the name of the
methat the taxing unit wishes to appoint or the fact that the taxing unit wishes to
waive its right to appoint a member, the City Council shall appoint whatever number of
members are necessary to fill the remaining positions on the Board. Such members may
be members of the City Council.
Ordinance Designating Tax Increment Reinvestment Zone Number Fourteen, Page 4 of 7
City of Fort Worth, Texas Ordinance No. 20505-1 1-2012
Code, shall be the total appraised v
Section 4.
TERM OF ZONE.
That the Zone shall take effect immediately upon the adoption of this Ordinance
and terminate on the earlier of (i) December 31, 2037 or an earlier termination date
designated by an ordinance adopted after the effective date of this Ordinancr"i) the
date on which all project costs, tax increment bonds and interest on
been paid or otherwise satisfied in full.
Section 5.
DETERMINATION OF TAX IN M°Eta BASE.
nds have
That the tax increment base for the, efftivd by Section 311.012(c) of the
tat -property in the Zone taxable by a
taxing unit as of January 1, 2014w i h is The year in which the Zone was designated as a
reinvestment zone.
TAX INCREMENT FUND.
x increment fund for the Zone (the "TIF Fund") is hereby established.
may be divided into additional accounts and sub -accounts authorized by
reso%ti$ir or ordinance of the City Council. The TIF Fund shall consist of (i) the
percentage of the tax increment, as defined by Section 311.012(a) of the Code, that each
taxing unit which levies real property taxes in the Zone, other than the City, has elected to
dedicate to the TIF Fund pursuant to an agreement with the City authorized by Section
Ordinance Designating Tax Increment Reinvestment Zone Number Fourteen, Page 5 of 7
City of Fort Worth, Texas Ordinance No. 20505-11-2012
311.013(f) of the Code, plus (ii) the City's contribution of eighty-five percent (85%) of
the City's tax increment, as defined by Section 311.012(a) of the Code, subject to any
binding agreement executed at any time by the City that pledges an amount of legally
available City funds whose calculation is based, in whole or in part, on payment to or
receipt by the City of any portion of such tax increment. The TIF Fut all be
maintained in an account at the depository bank of the City and shall bp
manner prescribed by law for Texas cities. Revenues in the TIPl b+;setl=solely
€3 .,
in accordance with Section 311.014 of the Code.
Section 7.
TAX INCREMET.iGT#ERENTS.
That, pursuant to Sections 311,008 `a}d 34=7 °f3 of the Code, the City Manager
and City Attorney are hereby ul iort ed to execute and deliver, for and on behalf of the
±-;
City, tax increment agreei ei is wiaxjpgunits that levy real property taxes in the Zone.
Section 8.
SEVERABILITY.
ortion, section or part of a section of this Ordinance is subsequently
eclarer-: lid, inoperative or void for any reason by a court of competent jurisdiction,
the ithSning 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.
Ordinance Designating Tax Increment Reinvestment Zone Number Fourteen, Page 6 of 7
City of Fort Worth, Texas Ordinance No. 20505-11-2012
Section 9.
IMMEDIATE EFFECT.
That this Ordinance shall take effect and be in full force and effect from and after
its adoption.
AND IT IS SO ORDAINED.
ADOPTED AND EFFECTIVE: November 12, 2012
APPROVED AS TO FORM AND LEGALITY:
Maleshia +railer
Senior Assistant City Attorney
M&C: G-17744
Ordinance Designating Tax Increment Reinvestment Zone Number Fourteen, Page 7 of 7
City of Fort Worth, Texas Ordinance No. 20505-11-2012
EXHIBIT "B"
PROJECT PLAN
Tarrant Regional Water District Participation Agreetnent
Trinity Lakes TIF
Page 8
Tax Increment Reinvestment Zone Number Fourteen
City of Fort Worth, Texas
(Trinity Lakes TIF)
Project and Financing Plans
February 5, 2013
I. Background and Introduction
Tax increment financing (TIF) is an economic development tool authorized by Chapter 311 of
the Texas Tax Code by which local governments can publicly finance needed structural and
infrastructure improvements in order to promote new development or redevelopment within a
defined area called a reinvestment zone. TIF districts may be established by municipalities or
counties as long as an area meets certain conditions, as set forth in Exhibit "A".
At the time an area is designated cis a reinvestment zone the existing total taxable value of
real property in the zone is identified and designated cis the "base value' . As new investment
is made within the TIF district total taxable value of the area begins to rise The difference
between the taxable value and the base value is considered the "increment". Participating
taxing entities may deposit all, a predetermined portion, or none of the incremental taxes in a
designated TIF district fund for the purpose of financing the planning, design, construction, or
acquisition of public improvements within the TIF district. All taxing units that levy taxes within
the zone will continue to receive tax revenues derived from the base value, whether or not the
taxing jurisdiction chooses to participate.
TIF districts are not infinite and do have a set term. The TIF district will end on the earlier of
(1) the termination date included in the ordinance that established the zone; or (2) the date on
which all project costs have been paid in full. Any revenues remaining in the TIF district fund
after the dissolution of the TIF will be returned to each participating taxing units in a pro rata
fashion.
Each TIF district is governed by a TIF board of directors made up of five to fifteen members,
appointed by those taxing jurisdictions that participate in the TIF district and the county or
municipality that created the zone. The TIF board of directors oversees improvements to the
area and may choose to dedicate TIF district funds to reimburse developers for public
improvements.
At the time of publication, the City of Fort Worth has ten active TIF districts: Speedway,
Downtown, Southside, Riverfront, North Tarrant Parkway, Lancaster, Trinity River Vision, Lone
Star, East Berry Renaissance, and Woodhaven The Trinity Lakes TIF will be the eleventh
active TIF district and the fourteenth overall.
Trinity Lakes TIF
Project and Financing Plans Page 2 of 7
II. Project Plan
Boundary Description. Existing Uses. and Proposed Uses
The area east of IH-820 and bisected by Trinity Boulevard is transitioning through land
reclamation and redevelopment into a series of stable and well -established neighborhoods
The emergence of these neighborhoods, the expansion of the Bell Helicopter Textron, Inc
employment center, and the potential for future rail transit service have created an
opportunity for the growth of mixed -use destinations and other employment centers. A map
of the existing uses of the TIF district can be found in Exhibit "B".
Trinity Boulevard and Precinct Line Road are two important arterials in the TIF district;
however, due to heavy congestion and flooding these thoroughfares are considered under
par. To alleviate excessive traffic and flood risk the City of Fort Worth has initiated the
redesign and reconstruction of Precinct Line Road at and near its intersection with Trinity
Boulevard. These infrastructure improvements will enhance efforts to provide regional
capacity and connectivity throughout the area.
In addition to Trinity Boulevard, key public transportation projects include the completion of
Precinct Line Road from Concho Trail to River Falls Drive; passenger rail service and station
along the Trinity Railway Express (TRE) line; and future linkages to Arlington through the
regional trails system. It is also anticipated public arterials will connect passenger rail service
to employment centers, office space, retail options, and a variety of restaurants throughout
mixed -use neighborhoods The key element to this plan is the addition of 6.5 miles of trails to
the existing 3.5 miles of trails that will connect to the Trinity Trails system, tying Handley-
Ederville Road to Arlington and complete the linkage between two cities.
The TIF district covers just over 1 800 acres and is generally bounded by the Trinity Railway
Express (TRE) rail line to the north, the Trinity River to the south, the Bell Spur to the east and
Loop 820 to the west; however the majority of the River Trails and surrounding neighborhood
residential development is excluded from TIF district. A map of the TIF district and a legal
description of the property can be found in Exhibits "C" and "D", respectively
Proposed Zoning Changes
Current zoning includes strong sectors of Planned Development (PD), Flood Plain (0-1, 0-2),
and Single -Family Residential (AR, A-5, A-7.5, A-10) cis depicted in Exhibit `E . To facilitate
the realization of the Project Plan described herein, significant portions of the TIF district along
Trinity Boulevard along the East side of IH-820 may be rezoned. Rezoning is being
approached through a form -based code to enhance the market sensitivity and value potential
of the neighborhoods.
Examples of form -based code for the TIF district are described as follows:
1. Boulevard Mixed -Use to become the center of retail activity in Trinity Lakes.
2. Village Mixed -Use will feature lakefront urban residential development and lakeside
restaurant and retail options.
3. Highway Mixed -Use allows for development of a higher density
4. Campus Commercial will include the integration of a major employer and commercial
uses as well as the addition of multifamily units.
5. Transition areas will bridge the gap between larger densities and neighborhoods.
Trinity Lakes TIF
Project and Financing Plans Page 3 of 7
6. Neighborhoods will serve as the center of residential development.
Estimated Private Investment (Non-Proiect Costs)
In addition to the Project Costs outlined in greater detail below, it is anticipated the TIF district
will experience a great deal of private investment. Over the term of the TIF district, it is
anticipated that over $384 million will be invested in commercial and urban residential
development and $275 million will be invested in single-family residential development.
Expected build out for each is detailed in Table 1 below:
Year
2014
Commercial Investment
1,713,632
2015 6,837,773
2016
4,916,277
2017 1 41,126,829
2018
52,369,178
2019 1 47,507,019
2020
3,104,286
2021 10,906,955
2022 35,191,698
2023 5,710,232
2024
35,417,400
Residential Investment
16,902,259
12,585,000
17,796,025
18,375,973
21,755,964
23,601,173
18,3 24,564
21,985,564
17,536,564
15,361,564
15,331,764
2025 16,466,589
16,78 0,164
2026
4,1 19,237
16,254,364
2027 19,479,022
16,398,252
2028
12,18 8,672
13,848,800
2029
4,101,761
8,492,000
2030
40,735,930
3,750,000
2031 21,425,572
2032
20,891,906
I TOTAL 1 $ 384,209,698
$ 275,079,994
Relocation Method for Displaced Persons
No person shall be displaced cis a result of implementing these Project and Financing Plans.
Trinity Lakes TIF
Project and Financing Plans Page 4 of 7
III. Financing Plan
Proiect Descriptions. Estimated Proiect Costs. and Administration
TIF projects and their estimated costs are described cis follows:
1. Trinity Boulevard from IH-820 to Precinct Line Road, including design engineering,
planning, paving, road bed, lighting, water, wastewater, storm water, utility relocation
landscaping, streetscape improvements, crosswalks, traffic signals and other related
project elements ($1 3,249,000);
2. Precinct Line Road from Concho Trail to River Falls Drive including design,
e ngineering, planning, paving, road bed lighting, water wastewater, storm water,
utility relocation, landscaping, streetscape improvements, and other related protect
e lements ($5,950,000);
3. Improvements to Trinity Trails system, including design, engineering, planning,
paving, trail bed, lighting, water, wastewater trail signage, connections to existing
trails, enhanced pedestrian crosswalks signals, and path bridges necessary to connect
pedestrians to the trail system, landscaping, streetscape improvements, and other
related project elements for approximately 6 5 miles of trails ($3,000,000);
4. Required local streets within the Mixed -Use area including paving, road bed,
lighting improvements, landscaping, streetscape improvements, and pedestrian
sidewalk improvements for linkages along Trinity Boulevard, the Village Mixed -Use
form -based code area, and the future potential rail transit station, as well cis between
Trinity Boulevard, the Campus Commercial form -based code area, the regional trail
system and the Trinity River ($10,305,250)
5. Enhanced wayfinding signage, structures and elements ($300 000);
6. Waterfront improvements along the Take North of Trinity Boulevard to create a
boardwalk frontage open to the public ($850,000);
7. Public pocket parks and park frontages along water bodies throughout the
n eighborhoods, Public areas that incorporate various elements such as fountains, public
restrooms, furniture, lighting and other means to maintain safety and activity in the
public spaces ($750,000),
8. Bicycle facilities including racks and storage to allow multi -modal connections to the
mixed use areas and trailhead points to distribute information, notices, maps, rental
facilities, and trail oriented retail or vending ($550,000);
9. Trinity Boulevard from Precinct Line Road to S Norwood Drive, including design,
engineering, planning, paving, road bed, lighting, water, wastewater, storm water,
utility relocation, landscaping, streetscape improvements, and other related project
e lements ($12,50,000);
10. Transit improvements providing for the accommodation of a variety of modes over
time including station platforms, sidewalks, elevators, escalators, structures, utility
relocation, bus queuing areas, depot/mixed use facilities shelters, landscaping,
streetscape improvements, and other supporting improvements for transit facilities
construction ($8,000,000),
1 1 . Land acquisition by the public for transit platforms and related facilities
($2,500,000); and
12. Parking facilities associated with Transit and mixed use area (both surface and
structured) (Surface: $1,000,000; Structure: $3,500,000).
Trinity Lakes TIF
Project and Financing Plans Page 5 of 7
The TIF district will be administered by the City of Fort Worth Housing and Economic
Development Department.
Economic Feasibility Statement. Proiections. and Methods of Financing
City staff has determined that the Project and Financing Plan is economically feasible per the
tax increment financing projections included in Exhibit "F". It is anticipated the City of Fort
Worth, Tarrant County, and the Tarrant Regional Water District will participate in the TIF
district in order to have TIF funds available for TIF Project reimbursement. These financial
projections also include a preliminary payback schedule to demonstrate that the TIF Project
Costs are reimbursable over the course of the term.
The TIF district Board of Directors will approve eligible TIF Project Costs on a case -by -case
basis. Approved TIF Project Costs will be reimbursable to the developer upon completion, as
set forth in each Development Agreement.
Bond Indebtedness
No bonded indebtedness is expected to be incurred with respect to any of the project
improvements.
Estimated Timeframe
TIF projects are expected to be completed between 2013 and 2030 per Table 2 below:
TIF Project
Trinity Boulevard Improvements from IH-820 to Precinct Line
Road
Precinct Line Road from Concho Trail to River Falls Drive
Trinity Trail System Improvements, 6.5 miles
Local Street Improvements — Mixed Use area
Enhanced Wayfinding Signage, Structures, Elements
Waterfront Improvements
Public Area Facility Enhancements
Bicycle Facilities, Connections, Public Information Stations
Trinity Boulevard from Precinct Line Road to S. Norwood Drive
Start
Year
2013
2016
2015
Completion
Year
2015
2017
2023
2013
2017
2013
2013
2013
2015
2027
Public Transit Improvements
2027
Land Acquisition for Public Transit Improvements
2026
2017
2017
2020
2023
2030
2030
2028
Public Parking Facilities Associated w/ Public Transit
Improvements
2027
2030
Current Taxable Values
The estimated total taxable of property in the Zone is $39,830,91 3.
Term
The term of the Zone will be 21 years (20 years of tax increment), expiring on December 31,
2032, beginning with tax increment calculated by the 2012 tax appraisal and ending with
tax increment calculated by the 2032 tax appraisal.
Trinity Lakes TIF
Project and Financing Plans Page 6 of 7
IV. Exhibits [To Immediately Follow]
A. Criteria for Reinvestment Zone
B. Map of Existing Uses
C. Boundary Map
D. Legal Description
E. Map of Current Zoning
F. TIF District Financial Projections
Trinity Lakes TIF
Project and Financing Plans Page 7 of 7
Exhibit "A"
[Information on following page]
Trinity Lakes TIF
Project and Financing Plans
Exhibits
Sec. 311.005. CRITERIA FOR REINVESTMENT ZONE.
a) To be designated cis a reinvestment zone, and area must:
1) Substantially arrest or impair the sound growth of the municipality or county designating
the zone, retard the provision of housing accommodations, or constitute an economic or
social liability and be a menace to the public health, safety, morals, or welfare in its
present condition and use because of the presence of
A) A substantial number of substandard, slum, deteriorated, or deteriorating structures;
B) The predominance of defective or inadequate sidewalk or street layout;
C) Faulty lot layout in relation to size, adequacy, accessibility, or usefulness;
D) Unsanitary or unsafe conditions;
E) The deterioration of site or other improvements;
F) Tax or special assessment delinquency exceeding the fair value of the land;
G) Defective or unusual conditions of title;
H) Conditions that endanger life or property by fire or other cause; or
I) Structures, other than single-family residential structures, Tess than 10 percent of the
square footage of which has been used for commercial, industrial, or residential
purposes during the preceding 12 years, if the municipality has a population of
100,000 or more;
2) Be predominantly open or undeveloped and, because of obsolete platting, deterioration
of structures or site improvements, or other factors substantially impair or arrest the sound
growth of the municipality or county;
3) Be in a federally assisted new community located in the municipality or county or in an
area immediately adjacent to a federally assisted new community; or
4) Be an area described in a petition requesting that the area be designated as a
reinvestment zone, if the petition is submitted to the governing body of the municipality or
county by the owners of property constituting at least 50 percent of the appraised value
of the property in the area according to the most recent certified appraisal roll for the
county in which the area is located
a-1) Notwithstanding Subsection (a), if the proposed project plan for a potential zone includes
the use of land in the zone in connection with the operation of an existing or proposed
regional commuter or mass transit rail system, or for a structure or facility that is necessary
useful, or beneficial to such a regional rail system, the governing body of a municipality may
designate an area as a reinvestment zone.
In this Section, federally assisted new community" means a federally assisted area that has
received or will receive assistance in the form of loan guarantees under Title X of the National
Housing Act, if a portion of the federally assisted area has received grants under Section
107(a)(1) of the Housing and Community Development Act of 1974
Trinity Lakes TIF
Project and Financing Plans Exhibit A - Page 1 of 1
Exhibit "B"
[Information on following page]
Trinity Lakes TIF
Project and Financing Plans
Exhibits
TIF 14: Trinity Lakes Current Land Use
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Housing & Economic Development
City of Fort Worth
"L-PEDERN HIGRIS TRL
0 _MYSTf� S. TRL
v� V�•Y_CREEKLrRI BtUE.RIDGE- TRL
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�L� STIL-L-WATER T`RL-.
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CREEDETRL
SARAN TRL
R_ TRAILS—BLV.D
RUSHING-RIVERRIVE—•DR
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Trinity Lakes
Legend
TIF 14
Current Land Use
Single-family
NMCommercial
Vacant
Ranch Land, Farmland
No Data
Prepared On: September 6, 2012
0 0.25 0.5
1 i I
1 Miles
Exhibit "C"
[Information on following page]
Trinity Lakes TIF
Project and Financing Plans
Exhibits
TIF 14: Trinity Lakes
I I I
IFAL•L•'CREST—DRI
WINTER-FAL-LSTRL'
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Housing & Economic Development
City of Fort Worth
TYN EFT
SAN,JOAQUIN TRL
CREEDE TRL-
SARANAC-TRL TIF 14: Trinity Lakes
RIVER=TRAILS—BLV,D
1RUSHING-RIVER—DR
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RIVERFAL-L-S--DR
1
IU RST-LBLVD_
1- k
TRINITY BLVD
Legend
TIF 14: Trinity Lakes
City Limit
Prepared On: September 6, 2012
0 0.25 0.5
1 Miles
Exhibit "D"
[Information on following page]
Trinity Lakes TIF
Project and Financing Plans
Exhibits
Legal Description, Part 1
Being 866.987 acres of land located in the H. Bennett Survey, Abstract No. 1 38, the John Hust
Survey, Abstract No. 702, the J.B. Johnson Survey, Abstract No. 855, the Wm H. Morris Survey,
Abstract No. 1053, the John Sansom Survey, Abstract No. 1387, the W.C. Trimble Survey,
Abstract No. 1521, the Allen S. Trimble Survey, Abstract No 1528 and the P. Witt Survey,
Abstract No. 1656, Tarrant County, Texas. Said 866.987 acres of land being more particularly
described cis follows:
BEGINNING at a point at the northwest corner of a tract of land described in the deed to Tarrant
county Water Control and Improvement District Number One (TCWCD), recorded in Volume
8938, Page 464, Deed Records, Tarrant County, Texas
THENCE N89°36'47"E, along the north line of said TCWCD, a distance of 14 34 feet to an angle
point of said TCWCD tract, said point being the southwest corner of Lot 1, Block 10, Riverbend
East Office Park, an addition to the City of Fort Worth, Tarrant County, Texas according to the
plat recorded in Volume 388-186 Page 91, Plat Records, Tarrant County, Texas;
THENCE N69°21'54"E, along the south line of said Block 10, at 75.43 feet passing the northeast
corner of said TCWCD, in all a distance of 2,31 1.74 feet to a point at the southeast corner of
said Block 10;
THENCE N00°37'19' E, along the east line of said Block 10, at 11.13 feet passing a 5/8" iron
rod found at the southwest corner of a tract of land described in the deed to Riverbend East I LP.,
recorded in Volume 14564, Page 104, Deed Records, Tarrant County, Texas in all a distance of
650 24 feet to a 5/8" iron rod found at the southwest corner of Lot 5, of said Block 10, said iron
rod being the northwest corner of said Riverbend East tract;
THENCE N56°37'44"E, along the north line of said Riverbend East tract, at 308.97 feet passing a
5/8" iron rod found at the southeast corner of said Lot 5, in all a distance of 369.14 feet to a
5/8" iron rod stamped "Carter & Burgess" found at the northeast corner of said Riverbend East I
tract, said iron rod lying in the west line of a tract of land described in the deed to the State of
Texas, recorded in Volume 3603, Page 370, Deed Records, Tarrant County, Texas;
THENCE S89°27'08"E, a distance of 348.55 feet to a point Tying in the east line of said State of
Texas tract, said point Tying in the west line of Tract 2 in the deed to Riverbend Investment Ltd.
recorded in Volume 13681, Page 387, Deed Records, Tarrant County, Texas•
THENCE along said Tract 2 west line as follows:
1. N00°40'1 1 "E, a distance of 2,888.42 feet to an 1 /2' iron rod found, said iron rod being
the southwest corner of a tract of land described in the deed to the City of Fort Worth, recorded
in Volume 4119, Page 535, Deed Records, Tarrant County, Texas•
2. N27°12'45"E, a distance of 280.95 feet to a City of Fort Worth monument No.6410 found;
3. N50°49'45"E, a distance of 390.55 feet to an 1/2" iron rod stamped "Beasley 4050"
found;
Trinity Lakes TIF
Project and Financing Plans Exhibit D - Page 1 of 20
4. N32°24'45"E, a distance of 411.21 feet to an inverted RR beam found;
5. N47°25'45"E, a distance of 87.80 feet to a point, said point Tying in the south line of Trinity
Boulevard;
THENCE N42°34'15"W, crossing said Trinity Boulevard, a distance of 151.23 feet to a concrete
monument found at the south corner of Tract 1 A, of said Riverbend Investment, said concrete
monument lying in the north line of said City of Fort Worth tract;
THENCE along the west lines of said Tract 1 A cis follows:
1. N57°38'47"W, a distance of 531.60 feet to a 5/8" iron rod found;
2. N30°20'47"W, a distance of 290.28 feet to a point, said point being the northwest corner
of said City of Fort Worth tract and lying in said State of Texas east line;
3. NO0°40'34"E, a distance of 735.86 feet to an 1 /2" iron rod found at the northwest corner
of said Tract 1 A and being the northeast corner of said State of Texas tract, said iron rod being
the southwest corner of a tract of land described in the deed to Riverbend Investment II Ltd.,
recorded in volume 14166, Page 240, Deed Records, Tarrant County, Texas and being the
southeast corner of a tract of land described in the deed to the State of Texas, recorded in
Volume 3927, Page 395, Deed Records, Tarrant County Texas;
THENCE along the west and north lines of said Riverbend Investment II tract as follows:
1. N00°39'52"E, a distance of 29.75 feet to an 1 /2" iron rod stamped "NDM" found;
2. northerly, 649.79 feet along a non tangent curve to the right, having a radius of 2,703.79
feet, a central angle of 1 3°46'1 1" and a chord bearing N07°31153"E, 648.23 feet to a point;
3. N14°25'03'E, a distance of 383.52 feet to a point lying in the south line of Dallas Area
Rapid Transit and the Fort Worth Transportation Authority (TRE);
4. N62°33'55"E, along said TRE south line, a distance of 947.83 feet to an 1 /2" iron rod
found;
5 northeasterly, at 659.14 feet passing a 5/8' iron rod found at an exterior corner of said
Riverbend Investment II tract, in all 1,502 69 feet along a non tangent curve to the right, having a
radius of 5,679.85 feet, a central angle of 15°09'30" and a chord bearing N70°05'48"E,
1,498.31 feet to a point;
THENCE S00°20'43"E, at 27.06 feet passing a point at the northeast corner of said Riverbend
Investment II tract, at 47.67 feet passing a point at the northwest corner of Lot 39, Block 22
Lakes of River Trails, an addition to the City of Fort Worth, Tarrant County, Texas according to
the plat recorded in County Clerk #D206240430, Plat Records, Tarrant County Texas, at
544.84 feet passing a point at the southwest corner of Lot 31, of said Block 22, said point being
the northwest corner of Lot 30, Block 22, Lakes of River Trails, an addition to the City of Fort
Worth, Tarrant County, Texas according to the plat recorded in County Clerk #D207022271,
Plat Records, Tarrant County, Texas, in all a distance of 1,147.85 feet to a point at the northwest
Trinity Lakes TIF
Project and Financing Plans Exhibit D - Page 2 of 20
corner of Lot 1, Block 23, of said Lakes of River Trails;
THENCE along the north and east lines of said Lot 1 as follows:
1. easterly, 479.81 feet along a non tangent curve to the right, having a radius of 4,550.83
feet a central angle of 06°02'27" and a chord bearing N77°39'04"E, 479.58 feet to an 1/2"
iron rod stamped "Beasley 4050" found;
2. SO6°06'37"E, a distance of 198.98 feet to an 1/2" iron rod stamped "Beasley 4050"
found;
3. SO4°02'22"W, at 59.98 passing a point at the southeast corner of said Lot 1, in all a
distance of 1 85.55 feet to a point at the most westerly southwest corner of Lot 4, Block 22, Lakes
of River Trails, an addition to the City of Fort Worth, Tarrant County, Texas according to the plat
recorded in County Clerk #D205382455 Plat Records, Tarrant County, Texas;
THENCE along the west lines of said Block 22 as follows:
1. 568°17'44"E, a distance of 39.92 feet to an 1/2" iron rod stamped "Beasley 4050" found
at the most southerly southwest corner of said Lot 4;
2. SO0°21'52"E, a distance of 106.94 feet to an 1/2" iron rod stamped "Beasley 4050"
found;
3. southerly, 68.95 feet, along a curve to the left, having a radius of 387.25 feet, a central
angle of 10° 12107" and a chord bearing S05°27 56' E 68.86 feet to an 1/2" iron rod stamped
"Beasley 4050" found at the southwest corner of Lot 1, of said Block 22, said point lying in said
City of Fort Worth north line;
THENCE easterly along said north line, 469.22 feet along a non tangent curve to the right, having
a radius of 2,043 04 feet a central angle of 1 3°09'32" and a chord bearing N83°03'56"E,
468.19 feet to a point;
THENCE N89°37'06"E, continuing along said north line, a distance of 1,549.89 feet to a point,
from which the southeast corner of Lot 13, Block 10, Lakes of River Trails, an addition to the City
of Fort Worth, Tarrant County, Texas according to the plat recorded in Cabinet A, Slide 7556,
Plat Records, Tarrant County, Texas bears N89°33'30"E 67.24 feet;
THENCE S00°21'18"E, a distance of 120.00 feet to an 1/2" iron rod found at the northeast
corner of said Tract 2, said point lying in said City of Fort Worth south line;
THENCE S03°07'48"E, an east line of said Tract 2, a distance of 1,440.53 feet to a point;
THENCE S19°22'32"E, continuing along said east line, at 338.54 feet passing a 5/8" iron rod
found at the northwest corner of Lot 49, Block 8, River Trails Addition, an addition to the City of
Fort Worth, Tarrant County, Texas according to the plat recorded in Cabinet A, Slide 4679, Plat
Records, Tarrant County, Texas, in all a distance of 526 49 feet to a point at the southeast corner
of said Lot 49, said point being the northwest corner of Lot 1, Block 22, of said River Trails
Addition
Trinity Lakes TIF
Project and Financing Plans Exhibit D - Page 3 of 20
THENCE along the north, east and south lines of said Lot 1 cis follows:
1. S80°43'05'E, a distance of 134.69 feet to a point;
2. easterly, 157.00 feet along a non tangent curve to the left, having a radius of 50.00 feet,
a central angle of 179°54'14and a chord bearing S80°42'48"E, 100.00 feet to a point;
3. S80°43'05"E, a distance of 269.18 feet to a point;
4. S09° 16'55"W, a distance of 115.00 feet to a point;
5. S13°54'49"E, a distance of 107.37 feet to a point;
6. S07°36'01 "E, a distance of 95.42 feet to a point;
7. S09° 16'55"W, a distance of 90.00 feet to a point;
8. 542°57'09"W, a distance of 78.11 feet to a point;
9. southwesterly, 78.53 feet along a non tangent curve to the left, having a radius of 50.00
feet, a central angle of 89°59'27' and a chord bearing S54° 16'59"W, 70.71 feet to a point;
10. S85°44'51 "W, a distance of 164 46 feet to a point at the southwest corner of said Lot 1,
said point being the northwest corner of Lot 1, Block 24, of said River Trails Addition and lying in
said Tract 2 east line;
THENCE 521 °56'34"E, along said Tract 2 east line, a distance of 151.17 feet to a point at the
south corner of said Lot 1, from which an 1 /2" iron rod found at an angle point of said Tract 2
bears S21 °56 34"E 39.13 feet;
THENCE S80°43'56"E, along the south line of said Block 22, a distance of 1,879.00 feet to a
point;
THENCE easterly, 206.20 feet along a non tangent curve to the left, having a radius of 3,966.00
feet, a central angle of 02°58'44" and a chord bearing S82°12'1 1' E, 206.17 feet to a point at
the southeast corner of Lot 12, of said Block 22;
THENCE S84°12'41"E, a distance of 60.00 feet to a point Tying in the east line of said River Trails
Addition, from which an 1 /2" iron rod found at the southeast corner of said River Trails Addition
bears S05°59'20"W 42.99 feet;
THENCE easterly, 287.46 feet along a non tangent curve to the left, having a radius of 2,767.43
feet, a central angle of 05°57'05" and a chord bearing S87°29 41 "E, 287 33 feet to a point;
THENCE N89°31'37"E, a distance of 114.58 feet to an 1 /2" iron rod found at the northwest
corner of Lot 46 Block 31 Lakes of River Trails South, an addition to the City of Fort Worth,
Tarrant County, Texas according to the plat recorded in Cabinet A, Slide 6909, Plat Records,
Tarrant County, Texas;
Trinity Lakes TIF
Project and Financing Plans Exhibit D - Page 4 of 20
THENCE S00° 17'06"E, at 291.01 feet passing an 1/2" iron rod stamped ' Beasley 4050' found
at the southwest corner of Lot 2, Block 10, of said Lake of River Trails South, said iron rod being
the northwest corner of Lot 3, Block 10,in all a distance of 791.06 feet to a point at the southwest
corner of Lot 12, Block 10, Lakes of River Trails South, an addition to the City of Fort Worth,
Tarrant County, Texas according to the plat recorded in Cabinet A Slide 7623, Plat Records,
Tarrant County, Texas, said point being the northwest corner of Lot 41, Block 12, Lakes of River
Trails South, an addition to the City of Fort Worth, Tarrant County, Texas according to the plat
recorded in Cabinet A, Slide 8483, Plat Records, Tarrant County, Texas;
THENCE along the north lines of said Lot Al as follows:
1. N89°32'12"E, a distance of 8.62 feet;
2. S02°04'05"E, a distance of 29.57 feet to a point;
3. S76°36'20"E, a distance of 4.50 feet to a point;
4. S03°10'29"E, a distance of 10.89 feet to a point;
5. N89°26'57"E, a distance of 3.04 feet to a point;
6. S00° 12'21 "E, a distance of 26.15 feet to a point;
7. S88°37'37"E, a distance of 4.72 feet to a point;
8. S00°43'57"W, a distance of 12.16 feet to a point;
9. N88°27'15"W, a distance of 4.40 feet to a point;
10. S00°06'32"E, a distance of 36.29 feet to a point;
11. S87°03'57"E, a distance of 4.33 feet to a point;
12. S01 °00'57"E, a distance of 11.55 feet to a point;
13. S89°52'44"W, a distance of 4.40 feet to a point;
14. S01 °19'29"E, a distance of 10.85 feet to a point;
15. S55°28'25"E, a distance of 52.26 feet to a point;
16. S55°46'18"E, a distance of 52.55 feet to a point;
17. S55°24'12"E, a distance of 70.09 feet to a point;
18. S55°36'32"E, a distance of 42.91 feet to a point;
19. N46°34'33"E, a distance of 4.79 feet to a point;
Trinity Lakes TIF
Protect and Financing Plans
Exhibit D - Page 5 of 20
20. S53°43'45"E, a distance of 13.58 feet to a point;
21. S36°33'28"W, a distance of 4.41 feet to a point;
22. S53°50'26"E, a distance of 63.16 feet to a point;
23. N43°12'53"E, a distance of 4.60 feet to a point;
24. S56°07'02"E, a distance of 11.56 feet to a point;
25. 536°13'30"W, a distance of 4.77 feet to a point;
26. S54°48'16"E, a distance of 24.84 feet to a point;
27. S76°32'24"E, a distance of 14.79 feet to a point;
28. N09°45'05"E, a distance of 4.81 feet to a point;
29. S80°38'59"E, a distance of 11.03 feet to a point;
30. N83°54'01 "E, a distance of 26.52 feet to a point;
31. N80°42'25"E, a distance of 196.53 feet to a point;
32. N89°32'12"E, a distance of 817.20 feet to a point;
33. S00°27'48"E, a distance of 201.78 feet to a point;
34. S45°27'48"E, a distance of 96.48 feet to a point;
35. N89°32'12"E, a distance of 395.60 feet to a point;
36. S00°27'48"E, a distance of 137.61 feet to a point;
37. S58°01'18"E, a distance of 140.03 feet to a point;
38. easterly, 39.77 feet, along a curve to the left, having a radius of 50.00 feet, a central
angle of 45°34'23" and a chord bearing S80°48'30 'E 38.73 feet to a point;
39. S58°01'18"E, a distance of 146.96 feet to a point;
40. southeasterly, 56.93 feet, along a curve to the left, having a radius of 325.00 feet, a
central angle of 10°02'1 0" and a chord bearing S63°02 23°E 56.86 feet to a point;
41. southeasterly, 47.50 feet along a non tangent curve to the left, having a radius of 50.00
feet, a central angle of 54°26'00" and a chord bearing S30°48'17"E, 45.74 feet to a point;
42. 558°01'1 8"E, a distance of 185.73 feet to a point at the northeast corner of said Lot 41,
Trinity Lakes TIF
Project and Financing Plans Exhibit D - Page 6 of 20
said point Tying in the east line of Precinct Line Road;
THENCE 505°52'40"W, along the east line of said Lot 41, a distance of 36.84 feet to a point;
THENCE S00°2211 1 "W, continuing along said east line, a distance of 728.60 feet to a point at
the southeast corner of said Lot 41, said point lying in the northeast line of a tract of land
described in the deed to Kenneth Allen et al, recorded in Volume 6688, Page 322, Deed
Records, Tarrant County, Texas;
THENCE S54°58'41 "E, along said northeast line, a distance of 66.10 feet to a point at the
northeast corner of said Allen tract•
THENCE along the east lines of said Allen tract as follows:
1. S00°05'29"W, a distance of 745.77 feet to a point;
2. southerly, 627.09 feet, along a curve to the right, having a radius of 2,331.00 feet, a
central angle of 15°24'50" and a chord bearing 507°47'54"W 625.20 feet to a point;
3. S15°30'19"W, a distance of 565.61 feet to a point at the southeast corner of said Allen
tract, said point being the northeast corner of a tract of land described in the deed to Jessie
Randol, recorded in Volume 6251 Page 242, Deed Records, Tarrant County, Texas and said
point lying in the south bank of the Trinity River;
THENCE along the common lines of said Allen and Randol tracts as follows:
1. N66°52'1 1 "W, a distance of 480.80 feet to a point;
2. N49°44' 1 1 "W, a distance of 109.00 feet to a point;
3. N37°22'1 1 "W, a distance of 109.80 feet to a point;
4. N23°1 1'1 1 "W, a distance of 213.10 feet to a point;
5. NO2°58'1 1 "W, a distance of 158.10 feet to a point;
6. N06°02'1 1 "W, a distance of 152.10 feet to a point;
7. N07°12'1 1 "W, a distance of 122.50 feet to a point;
8. N48°36'1 1 "W, a distance of 77.50 feet to a point;
9. S82°00'49"W, a distance of 191.60 feet to a point;
10. N87°17'1 1 "W, a distance of 246.80 feet to a point;
11. N83°03'1 1 "W, a distance of 161.10 feet to a point;
12. N65°54'1 1 "W, a distance of 246.30 feet to a point;
Trinity Lakes TIF
Project and Financing Plans
Exhibit D - Page 7 of 20
13. N83°20'1 1'
14. N17°31'11'
15. N26°16'49'
16. N65°45'49'
17. N36°02'49'
18. N15°32'49'
19. NO3°28'1 1'
20. N52°38'1 1
21. N37°08'1 1
22. S22°22'49'
23. S58°20'49'
24. S78°59'49'
25. S85°40'49'
26. N80°25'1 1
27. S52°O1'49'
28. S72°04'49'
29. S34°32'49'
'W, a distance of 145.50 feet to a point;
W, a distance of 474.10 feet to a point;
'E, a distance of 72.90 feet to a point;
'E, a distance of 1 63.40 feet to a point;
'E, a distance of 200.10 feet to a point;
'E, a distance of 255.80 feet to a point;
W, a distance of 50.90 feet to a point;
W, a distance of 271.70 feet to a point;
"W, a distance of 347.20 feet to a point;
'W, a distance of 71.30 feet to a point;
W, a distance of 245.30 feet to a point;
'W, a distance of 168.20 feet to a point;
W, a distance of 68.90 feet to a point;
"W, a distance of 70.40 feet to a point;
W, a distance of 132.60 feet to a point;
'W, a distance of 43.40 feet to a point;
W, a distance of 1 88.50 feet to a point;
30. 577°25'49"W, a distance of 396.20 feet to a point at the most southerly southwest corner
of said Allen tract, said point being the northwest corner of said Randol tract, said point lying in
the east line of Tract 2, in the deed to W. O. Ferguson Trust, recorded in Volume 6184, Page
426, Deed Records, Tarrant County, Texas;
THENCE N00°23'1 1 "W, a distance of 591.81 feet to a point for the most northerly southwest
corner of said Allen tract;
THENCE N89°36'49"E, along said Allen tract, a distance of 141.08 feet to a point;
THENCE N00°23'1 1 "W, a distance of 193.53 feet to a point Tying in south line of said Tract 2,
from which the southeast corner of said Tract 2 bears N89°31'38"E 516.30 feet;
THENCE along the south lines of said Tract 2 as follows:
Trinity Lakes TIF
Project and Financing Plans
Exhibit D - Page 8 of 20
1. N28°59'09"W, a distance of 36.32 feet to a point;
2. N77°51'24"W, a distance of 469.24 feet to a point;
3. S80°29'01 "W, a distance of 288.28 feet to a point;
4. N01 °56'48"W, a distance of 104.98 feet to a point;
5. S87°54'16"W, a distance of 971.95 feet to a point;
6. N69° 18'48"W, a distance of 357.33 feet to a point;
7. NO2°21'52"W, a distance of 1,071.39 feet to a point;
8. N23°42'01 "W, a distance of 148.04 feet to a point;
9. N49°23'47"W, a distance of 194.42 feet to a point;
10. S88°25'07"W, a distance of 210.27 feet to a point;
11. S26°30'49"W, a distance of 264.09 feet to a point;
12. 529°53'45"W, a distance of 272.10 feet to a point;
13. S86°14'21"W, a distance of 417.61 feet to a point;
14 N27° 19'04"W, a distance of 348.35 feet to a point;
15. N32°52'58"E, a distance of 382.69 feet to a point;
16. S89°34'05"W, a distance of 226.02 feet to a point;
17. N63°56'01 "W, a distance of 780.35 feet to a point;
18. S34°23'53"W, a distance of 274.05 feet to a point;
19. S24°32'55"W, a distance of 136.23 feet to a point;
20. S89°34'05"W, a distance of 485.75 feet to a point;
21. S00°33'48"E, a distance of 407.27 feet to a point;
22. S50°35'42"W, a distance of 65.02 feet to a point, said point Tying in the north line of a
tract of land described in the deed to William Harvey Trust, recorded in Volume 8372, Page
644, Deed Records, Tarrant County, Texas;
23. N87°54'29"W, a distance of 177.93 feet to a point;
Trinity Lakes TIF
Project and Financing Plans Exhibit D - Page 9 of 20
24. N82°35'29"W, a distance of 224.70 feet to a point;
25. N76°39'29"W, a distance of 155.40 feet to a point;
26. N67°27'29"W, a distance of 145.20 feet to a 1 " iron rod found;
27. N63°25'29"W, a distance of 138.70 feet to a 1 " iron rod found;
28. N50°24'29"W, a distance of 81.50 feet to a 1 " iron rod found;
29. N10°54'29"W, a distance of 74.90 feet to a point;
30. N15°44'31 "E, a distance of 110.60 feet to a point;
31. S89°27'31 "W, a distance of 388.79 feet to a 1" iron rod found;
32. S00°22'29"E, a distance of 1,673.41 feet to a point;
33. 572°49'56"W, a distance of 106.10 feet to a point;
34. S47° 13'52"W, a distance of 236.28 feet to a point;
35. S08°30'20"W, a distance of 136.93 feet to a point;
36. S07°39'12"E, a distance of 346.84 feet to a point;
37. S35°12'48"E, a distance of 82.30 feet to a point;
38. S62°1 1'10"E, a distance of 119.77 feet to a point;
39. N77°55'29"E, a distance of 99.20 feet to a point;
40. S00°08'17"E, a distance of 96.01 feet to a point;
41. S00°36'25"E, a distance of 1,327.10 feet to a point;
42. 504°05'29"W, a distance of 514.35 feet to a point;
43. S89°28'29' W, a distance of 738 78 feet to a point at the east corner of a tract of land
described cis Tract II-B, in the deed to Bluecreek, Inc. recorded in Volume 11771, Page 237
Deed Records, Tarrant County, Texas;
THENCE 558°29'44"W, a distance of 525.85 feet to a point at the south corner of said Tract II-B;
THENCE S61 °31'45"W, a distance of 395.33 feet to a point at the southeast corner of Tract II -A,
of said Bluecreek tract;
THENCE 568°30'23"W, along the south line of said Tract II -A, a distance of 256.00 feet to a
point
Trinity Lakes TIF
Project and Financing Plans Exhibit D - Page 10 of 20
THENCE S61 °56'00"W, continuing along said south line, a distance of 428.41 feet to a point,
said point being the southwest corner of said Tract II -A and being the southeast corner of a tract
of land described in the deed to Riverbend East I, LP., recorded in County Clerk #D204088612,
Deed Records Tarrant County, Texas, from which a 5/8" iron rod found in the north bank of the
Trinity River bears NO3°24'34"W 299.37 feet;
THENCE along the south lines of said Riverbend East I tract as follows:
1. S72°08'36"W, a distance of 264.04 feet to a point for the south corner of said Riverbend
East I tract;
2. northwesterly, at 305.68 feet passing a 5/8" iron rod stamped "ANA" found in the north
bank of the Trinity River in all an arc distance of 1,405.80 feet along a non tangent curve to the
left, having a radius of 1,642.39 feet, a central angle of 49°02'32" and a chord bearing
N55°19'43"W, 1,363.28 feet to a point;
3. N79°49'40"W, at 398.10 feet passing a 5/8" iron rod stamped "ANA" found at the
southwest corner of said Riverbend East I tract said iron rod being the southeast corner of said
TCWCD, in all in all a distance of 499.57 feet to a point at the southwest corner of said TCWCD
tract;
THENCE N00°22'31 "W, along the west line of said TCWCD tract, a distance of 188.55 feet to
the point of beginning, containing 866.987 acres of land.
The bearings recited hereon are oriented to NAD83 Texas North Central Zone.
Legal Description, Part 2
Being 930.965 acres of land located in the Wm. Burns Survey, Abstract No. 121, the W.
Bradshaw Survey, Abstract No. 136 the R. Barton Survey Abstract No. 176, the S. Cotrail
Survey, Abstract No. 330, the John Hust Survey, Abstract No. 702, the J.W. Haynes Survey
Abstract No. 789, the J.B. Johnson Survey, Abstract No. 855, the J. Overton Survey, Abstract No
1191, the Wm C. Trammell Survey Abstract No. 1509, the Allen S. Trimble Survey, Abstract No
1526 and the G. Wilson Survey, Abstract No 1626, Tarrant County, Texas. Said 930.965 acres
of land being more particularly described as follows:
BEGINNING at a point lying in the east line of Lot 13, Block 8, Lakes of River Trails South, an
addition to the City of Fort Worth, Tarrant County, Texas, according to the plat recorded in
Cabinet A, Slide 8483, Plat Records, Tarrant County, Texas, from which an 1/2" iron rod
stamped "Beasley 4050' found at the southeast corner of said Lot 13 bears S05°58'1 3"W 25.68
feet, said point lying in the west line of Precinct Line Road;
THENCE N05°58 14"E, at 24.32 feet passing an 1/2" iron rod found at the northeast corner of
said Lot 13, said iron rod being the southeast corner of Lot 12, Block 8 Lakes of River Trails
South, an addition to the City of Fort Worth, Tarrant County, Texas, according to the plat
recorded in Cabinet A, Slide 8158 Plat Records, Tarrant County, Texas, in all a distance of
784.35 feet to a point cit the southeast corner of Lot 14, Block 7, Lakes of River Trails South, an
addition to the City of Fort Worth, Tarrant County, Texas, according to the plat recorded in
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Project and Financing Plans Exhibit D - Page 11 of 20
Cabinet A, Slide 7623, Plat Records, Tarrant County, Texas;
THENCE northerly along the east line of said Block 7, 422.88 feet, along a curve to the left,
having a radius of 1,350.00 feet, a central angle of 17°56'52" and a chord bearing
NO3°00'12"W 421.16 feet to an 1/2" iron rod stamped "Beasley 4050" found lying in the east
line of Lot 7, Block 7, Lakes of River Trails South, an addition to the City of Fort Worth, Tarrant
County, Texas, according to the plat recorded in Cabinet A, Slide 6988, Plat Records, Tarrant
County, Texas;
THENCE Ni 1 °58'38"W, continuing along said Block 7 east line a distance of 393.85 feet to a
point lying in the north line of River Trails Boulevard, Lakes of River Trails South, an addition to
the City of Fort Worth, Tarrant County, Texas, according to the plat recorded in Cabinet A, Slide
6909, Plat Records, Tarrant County, Texas, said point lying in said Precinct Line Road west line•
THENCE N13°06'38"W, along said west line, a distance of 296.76 feet to a point;
THENCE northerly, 390.93 feet along a non tangent curve to the right, having a radius of
1,865.89 feet, a central angle of 12°00'16' and a chord bearing N07°07'16' W, 390 22 feet to
a point lying in the east line of Lot 50, Block 21 River Trails Addition, an addition to the City of
Fort Worth, Tarrant County, Texas, according to the plat recorded in Cabinet A, Slide 5577, Plat
Records, Tarrant County, Texas;
THENCE N01 °07'09"W, along the common line of said Block 21 and Precinct Line Road, a
distance of 508 94 feet to a point lying in the east line of Lot 21, Block 21, River Trails Addition,
an addition to the City of Fort Worth, Tarrant County, Texas, according to the plat recorded in
Cabinet A, Slide 3517, Plat Records, Tarrant County, Texas;
THENCE northwesterly, 940.76 feet, along a curve to the left, having a radius of 1,000.00 feet, a
central angle of 53°54'05" and a chord bearing N28°04'12"W 906.45 feet to a point lying in
the northeast line of Lot 5, Block 37, of said River Trails Addition;
THENCE N55°01'14"W, continuing along said Precinct Line Road west line, a distance of 416.46
feet to a point at the southeast corner of Lot 5, Block A, River Trails All Storage Addition, an
addition to the City of Fort Worth Tarrant County, Texas, according to the plat recorded in
Cabinet A, Slide 10612, Plat Records, Tarrant County, Texas;
THENCE along the south and west lines of said Block A as follows:
1. S89°35'08"W, a distance of 1,364.23 feet to a point at the southwest corner of Block A;
2. N09°18'16"E, a distance of 594.93 feet to a point;
3. northerly, 183.57 feet along a non tangent curve to the left having a radius of 1,090.00
feet, a central angle of 09°37'57" and a chord bearing N04°28'51' E, 1 83.35 feet to a point;
4. N00°20112"W, a distance of 19.95 feet to an 1/2' iron rod found bent at the northwest
corner of Lot 1, of said Block A, said iron rod being the northeast corner of Lot 13, Block 15, River
Trails Addition, an addition to the City of Fort Worth, Tarrant County, Texas according to the
plat recorded in Cabinet A, Slide 1478, Plat Records, Tarrant County, Texas;
Trinity Lakes TIF
Project and Financing Plans Exhibit D - Page 12 of 20
THENCE N89°35'40"W, a distance of 565.43 feet to a 5/8" iron rod stamped "Sempco" found
at an angle point Tying in the north line of Lot 23, Block 1, River Trails Addition, an addition to the
City of Fort Worth, Tarrant County, Texas, according to the plat recorded in Volume 388-191,
Page 44, Plat Records, Tarrant County, Texas;
THENCE along the north lines of said River Trails Addition and the south lines of Trinity Boulevard
as follows:
1. S85°47'40"W, a distance of 311.01 feet to an 1/2" iron rod found at the northeast corner
of Lot 14, of said Block 1;
2. westerly, 118.00 feet along a non tangent curve to the right, having a radius of 993.50
feet, a central angle of 06°48 18" and a chord bearing 586°13'03"W, 117.93 feet to an 1/2°
iron rod found in the north line of said Lot 14;
3. 389°37'12"W, a distance of 1,107.32 feet to a 5/8" iron rod stamped "Sempco" found in
the north line of Lot 33, Block 2, of said River Trails Addition;
4. westerly, 209.57 feet, along a curve to the right, having a radius of 1,136.38 feet, a
central angle of 10°34'00" and a chord bearing N85°05'48"W 209.28 feet to a point lying in
the north line of Lot 24, of said Block 2;
5. N85°34'43'W, a distance of 665 81 feet to a point lying in the north line of Lot 4R, Block
2, River Trails Addition, an addition to the City of Fort Worth, Tarrant County, Texas according
to the plat recorded in Volume 388-192, Page 56 Plat Records, Tarrant County Texas, said
point lying in the south line of a tract of land described in the deed to the City of Fort Worth
recorded in Volume 4119, Page 535, Deed Records, Tarrant County, Texas;
THENCE S89°37'12"W, at 1 10.00 feet passing an 1/2" iron rod found at the northwest corner of
said Lot 4R, in all a distance of 275.23 feet to an 1/2" iron rod found at the northeast corner of
a tract of land described at Tract 2, in the deed to Riverbend Investment Ltd., recorded in Volume
13681, Page 387, Deed Records, Tarrant County, Texas
THENCE N00°21'18"W, crossing said City of Fort Worth tract, a distance of 120.52 feet to a
point lying in the north line of said City of Fort Worth tract, said point Tying in the south line of Lot
1 3, Block 10, Lakes of River Trails, an addition to the City of Fort Worth, Tarrant County, Texas,
according to the plat recorded in Cabinet A, Slide 7556, Plat Records, Tarrant County, Texas;
THENCE N89°38'27"E, along the north line of said City of Fort Worth tract, a distance of
1,379.65 feet to an 1 /2" iron rod found at the southwest corner of Lot 2, Block 8, Lakes of River
Trails, an addition to the City of Fort Worth, Tarrant County, Texas, according to the plat
recorded in Cabinet A, Slide 5983 Plat Records, Tarrant County, Texas;
THENCE N89°38 42"E, continuing along said north line, a distance of 1,184.99 feet to an 1/2"
iron rod found at the most easterly southwest corner of Lot 49, Block 1 of said Lakes of River
Trails;
THENCE along the east and north lines of said Block 1 cis follows:
Trinity Lakes TIF
Project and Financing Plans
Exhibit D - Page 13 of 20
1. N54°00'42"E, a distance of 62.37 feet to a point at the southeast corner of said Lot 49;
2. N44°47'42"W, a distance of 1 86.77 feet to a point at the northeast corner of said Lot 49;
3. northwesterly, 30.36 feet along a non tangent curve to the left, having a radius of 50.00
feet, a central angle of 34°47'22" and a chord bearing N46°27'06' W, 29.90 feet to a point at
the southeast corner of Lot 48;
4. N08°53'08"W, a distance of 338.56 feet to a point at the southeast corner of Lot 40;
5. N00°2111 8"W, a distance of 202.07 feet to a point at the southeast corner of Lot 36;
6. N17°31'25"W, a distance of 126.23 feet to an 1/2" iron rod found at the southeast corner
of Lot 34, of said Block 1•
7. N26°23'01 "W, a distance of 1 82.32 feet to a point at the east corner of Lot 31;
8. N45°25'40"W, a distance of 60.96 feet to a point at the north corner of said Lot 31;
9. N52°41'46"W, a distance of 60.72 feet to a point at the north corner of Lot 30;
10. N50°31'56"W, a distance of 60.77 feet to a point at the north corner of Lot 29;
11. N57°39'09"W, a distance of 60.98 feet to a point at the north corner of Lot 28;
1 2. N61 °47' 1 3"W, a distance of 128.19 feet to a point at the north corner of Lot 26;
13. N68°58'04"W, a distance of 290.62 feet to a point lying in the north line of Lot 20;
14. N69°36150"W, a distance of 54.49 feet to a point Tying in said Lot 20 north line;
15. N78° 15'08"W, a distance of 7.01 feet to a point at the north corner of said Lot 20;
16. S65°31116'W, a distance of 50.29 feet to an 1/2" iron rod found at the most southerly
northeast corner of Lot 19 of said Block 1;
17. N80°06'58"W, at 60.97 feet passing a point at the northeast corner of Lot 15, Block 7, of
said Lakes of River Trails, in all a distance of 897.53 feet to a point at the north corner of Lot 1,
of said Block 7;
THENCE S83°10'02"W, at 1 77 feet passing a point at the northeast corner of Lot 21, Block 12,
Lakes of River Trails, an addition to the City of Fort Worth, Tarrant County, Texas, according to
the plat recorded in Cabinet A, Slide 9733, Plat Records, Tarrant County, Texas, in all a distance
of 46.65 feet to an 1/2" iron rod found at the northwest corner of Lot 1;
THENCE along the east lines of said Lot 21 cis follows:
1. S08°17'54"W, a distance of 64.16 feet to a point;
Trinity Lakes TIF
Project and Financing Plans
Exhibit D - Page 14 of 20
2. S46°24'49"E, a distance of 98.59 feet to a point;
3. southeasterly, 186.49 feet along a non tangent curve to the left, having a radius of 50.00
feet, a central angle of 213°42'09' and a chord bearing S63° 15'53"E, 95.71 feet to a point;
4. S80°06158"E, a distance of 67.84 feet to a point;
5. S09°53'02"W, a distance of 1 10.00 feet to a point;
6. S80°06'58"E, a distance of 100.00 feet to a point;
7. S09°06'14"E, a distance of 137.86 feet to a point;
8. N78°07'27"E, a distance of 110.00 feet to a point;
9. southeasterly, 275.91 feet along a non tangent curve to the left, having a radius of 555.00
feet, a central angle of 28°29'01" and a chord bearing S26°07'04"E, 273.08 feet to a point;
10. S40°21'34"E, a distance of 164.40 feet to a point;
11. S49°38'26"W, a distance of 110.96 feet to an 1/2" iron rod found;
1 2. S40°21'34"E, a distance of 110.00 feet to a point at the southeast corner of said Lot 21,
said iron rod being the southwest corner of Lot 9, Block 6, of said Lakes of River Trails recorded in
Cabinet A, Slide 5983;
THENCE along the south lines of said Lot 21 cis follows:
1. S49°38'26"W, a distance of 5.41 feet to a point;
2. southwesterly, 68.41 feet, along a curve to the right, having a radius of 375.00 feet, a
central angle of 10°27 06' and a chord bearing S54°52100"W 68.31 feet to a point of
compound curve to the right having a radius of 275.00 feet and a central angle of 31 °47'19";
3. westerly along the arc, a distance of 152.57 feet to a point;
4. N88°07'09"W, a distance of 304.19 feet to a point;
5. westerly, 38.98 feet, along a curve to the right, having a radius of 275.00 feet, a central
angle of 08°07116" and a chord bearing N84°03131 "W 38.95 feet to a point;
6. N79°59'53"W, a distance of 63.59 feet to a point;
7. westerly, 46.07 feet, along a curve to the left, having a radius of 325.00 feet, a central
angle of 08°07'16n and a chord bearing N84°03131 "W 46.03 feet to a point;
8. N88°07'09"W, a distance of 158.76 feet to a point;
Trinity Lakes TIF
Project and Financing Plans Exhibit D - Page 15 of 20
9. westerly, 232.49 feet, along a curve to the right, having a radius of 475.00 feet, a central
angle of 28°02'36" and a chord bearing N74°05'51"W 230.17 feet to a point,
10. N60°04'33"W, a distance of 83.48 feet to a point;
11. northwesterly, 74.83 feet, along a curve to the left having a radius of 525.00 feet, a
central angle of 08°10'O1" and a chord bearing N64°09'34"W 74.77 feet to a point lying in the
east line of a remainder portion of Tract 1 B, of said Riverbend Investment, Ltd. tract;
THENCE east, south and west sides of said remainder portion as follows:
1. S21 °45'26"W, a distance of 171.06 feet to a point at the southwest corner of Lot 1 6, Block
11, Lakes of River Trails, an addition to the City of Fort Worth, Tarrant County, Texas, according
to the plat recorded in Cabinet A, Slide 9098, Plat Records Tarrant County, Texas, said point
lying in the north line of Lot 3, Block 11, Lakes of River Trails, an addition to the City of Fort
Worth Tarrant County, Texas, according to the plat recorded in Cabinet A, Slide 7483, Plat
Records, Tarrant County, Texas;
2. N59°51'48"W, a distance of 51.70 feet to an angle point in Lot 4, of said Block 11;
3. N77°26'20"W, a distance of 237.42 feet to an angle point in Lot 8, of said Block 11;
4. N55°28'41 "W, a distance of 299.29 feet to an angle point at the northeast corner of Lot
4, Block 12, of said Lakes of River Trails recorded in Cabinet A, Slide 7483;
5. N63°39'47"W, a distance of 1 34.35 feet to a point at the northwest corner of Lot 5, of
said Block 12;
6. N09°38'40"E, at 292.03 feet passing the southwest corner of said Lot 21, in all a distance
of 583.52 feet to a point at the southeast corner of Lot 19, of said Block 12, recorded in Cabinet
A, Slide 9733;
THENCE along the west lines of said Lot 21 as follows:
1. N46°26'19"E, a distance of 16.40 feet to a point;
2. N20°23'20"E, a distance of 99.91 feet to a point;
3. N34°30'37"W, a distance of 135.05 feet to a point;
4. N85°26'55"W, a distance of 44.55 feet to a point at the northwest corner of Lot 20, of
said Block 12;
5. S09°38'40"W, a distance of 88.90 feet to a point;
6. S30°34'09"W, a distance of 19.99 feet to a point at the southwest corner of said Lot 20;
7. westerly, 33.94 feet along a non tangent curve to the left, having a radius of 50.00 feet, a
central angle of 38°53'36" and a chord bearing N78°52 25"W, 33.29 feet to a point;
Trinity Lakes TIF
Project and Financing Plans Exhibit D - Page 16 of 20
8. N08°19'16"W, a distance of 106.05 feet to a point at the northwest corner of said Lot 21,
said point being the northeast corner of Lot 22, of said Block 12;
THENCE N83°24'27"W, a distance of 139.29 feet to an angle point lying in the north line of Lot
32 of said Block 12;
THENCE N78°43'17"W, a distance of 197.66 feet to an angle point lying in the north line of Lot
34 of said Block 12;
THENCE N84°04'31"W, at 16.19 feet passing a point at the northwest corner of said Lot 34, at
48.07 feet passing a point at the northeast corner of Lot 67, Block 22, of said Lakes of River
Trails, recorded in Cabinet A, Slide 9733, in all a distance of 72 21 feet to an angle point lying
in the north line of said Lot 67;
THENCE along the north line of said Block 22 as follows:
1. N88°39'15"W, a distance of 196.14 feet to an angle point lying in the north line of Lot 63;
2. N89°25'28"W, a distance of 139.03 feet to an angle point Tying in the north line of Lot 61;
3. N86°50'14"W, a distance of 58.58 feet to a point at the northeast corner of Lot 59, Block
22, Lakes of River Trails, an addition to the City of Fort Worth, Tarrant County, Texas, according
to the plat recorded in Cabinet A, Slide 1 131 1, Plat Records, Tarrant County, Texas;
4. S81 °51'1 1 "W, a distance of 50.47 feet to a point at the northwest corner of said Lot 59;
5. westerly, 189.33 feet along a non tangent curve to the left, having a radius of 5,615.83
feet, a central angle of 01 °55'54" and a chord bearing S87°37'02"W, 1 89.32 feet to a point
lying in the north line of Lot 55;
6. westerly, 298.89 feet along a non tangent curve to the left, having a radius of 5,615.87
feet, a central angle of 03°02'58" and a chord bearing S85°12'43"W, 298.86 feet to a point
lying in the north line of Lot 49;
7. S88°28'59"W, a distance of 1 2.84 feet to a point at the northeast corner of Lot 48;
8. S86°10'33"W, a distance of 60.97 feet to a point at the northwest corner of said Lot 48;
9. S83°31'57"W, a distance of 42.82 feet to a point Tying in the north line of Lot 47;
10. westerly, 480.48 feet along a non tangent curve to the left, having a radius of 5,620.83
feet, a central angle of 04°53'52" and a chord bearing S79°59'35"W, 480.34 feet to a point at
the northwest corner of Lot 39, said point lying in the west line of said Tract 1 B;
THENCE N00°20'43"W, a distance of 46.62 feet to a point lying in the south line of Dallas Area
Rapid Transit and the Fort Worth Transportation Authority (DART) tract;
THENCE easterly along said DART south line, 1,624.17 feet along a non tangent curve to the
Trinity Lakes TIF
Project and Financing Plans Exhibit D - Page 17 of 20
right, having a radius of 5,679.85 feet, a central angle of 16°23'02" and a chord bearing
N85°52'04"E, 1,618.64 feet to a point;
THENCE S85°56'25"E, continuing along said DART south line, at 6,247.30 feet passing a point at
the north west corner of Lot 2AR-1, Texas Industries Addition No 2, an addition to the City of Fort
Worth, Tarrant County, Texas according to the plat recorded in Cabinet A, Slide 7186 Plat
Records Tarrant County, Texas, in all a distance of 6,595.67 feet to a point lying in the north line
of said Lot 2AR-1;
THENCE S00°36'27"E, at 700.25 feet passing an exterior angle point of said Lot 2AR-1, in all a
distance of 870.71 feet to a point at the most northerly southwest corner of said Lot 2AR-1;
THENCE along the south lines of said Lot 2AR-1 cis follows:
1. S46°07'31 "E, a distance of 202.00 feet to a point;
2. S00°36'27"E, a distance of 374.75 feet to a point at the southwest corner of said Lot 2AR-
1, said point lying in the north line of Trinity Boulevard;
1;
3. N88°35'33"E, a distance of 100.01 feet to a point at the southeast corner of said Lot 2AR-
4. N00°36'27"W, a distance of 298.26 feet to a point;
5. N15°22'34"E, a distance of 222.00 feet to a point;
6 N29°38'33"E, a distance of 140.60 feet to a point at the most northerly southeast corner of
said Lot 2AR-1;
THENCE N27°48'13"E, a distance of 731.12 feet to a point Tying in the north line of said Lot
2AR-1, said point lying in said DART south line;
THENCE S85°57'27"E, along said DART south line, at 623.60 feet passing an 1 /2" iron rod
stamped "Britain & Crawford" found at the northeast corner of said Lot 2AR-1, at 1,627.24 feet
passing an 1/2" iron rod found, in all a distance of 1,635.00 feet to a point at the northeast
corner of a tract of land described in the deed to Texas Industries, Inc., recorded in Volume 5784,
Page 475, Deed Records, Tarrant County, Texas, said point lying in the west line of South
Norwood Drive;
THENCE S00°29'34"E, along the east line of said Texas Industries tract, a distance of 1,114.60
feet to an 1 /2" iron rod stamped "Britain & Crawford" found at the southeast corner of said
Texas Industries tract, said iron rod lying in said Trinity Boulevard north line;
THENCE N89°38'54"E, a distance of 72.37 feet to a point at the southwest corner of Lot 1, Block
4 Bell Helicopter Industrial Park, an addition to the City of Fort Worth, Tarrant County, Texas,
according to the plat recorded in Volume 388-128, Page 11, Plat Records, Tarrant County,
Texas;
THENCE N88°39'26"E, along the south line of said Lot 1, a distance of 1,165.09 feet to a point,
Trinity Lakes TIF
Project and Financing Plans Exhibit D - Page 18 of 20
from which an 5/8" iron rod stamped "Carter -Burgess" found at the southeast corner of said Lot 1
bears N88°39'26"E 32.53 feet;
THENCE S01 °20'34"E, a distance of 120.08 feet to a point at the northeast corner of Lot 1 Block
1, Trinity Bell Gardens, an addition to the City of Fort Worth, Tarrant County, Texas, according to
the plat recorded in County Clerk #D21 1306978, Tarrant County, Texas;
THENCE S01 °10'23"E, along the east line of said Lot 1, a distance of 730 06 feet to a point at
the southeast corner of said Lot 1, said point Tying in a north line of a tract of land described in
the deed to Tarrant Acquisitions, Ltd., recorded in County Clerk #D205268552, Deed Records,
Tarrant County, Texas;
THENCE along the north lines of said Tarrant Acquisitions tract cis follows:
1. N88°53'34"E, a distance of 1,699.04 feet to an 1/2" iron rod stamped "Britain &
Crawford" found;
2. SOO°35'36"E, a distance of 420.00 feet to a point;
3. N89°24'24"E, a distance of 1,065.86 feet to point Tying in said north Tine, from an 1-1/2"
iron rod found at the northeast corner of said Tarrant Acquisition tract bears N89°24'24"E
1,315.44 feet, said point being the southwest corner of a tract of land described in the deed to
the City of Hurst, recorded in Volume 3465, Page 268, Deed Records, Tarrant County Texas and
said point lying in the west line of a tract of land described in the deed to Fort Worth Sand and
Gravel Company, Inc., recorded in Volume 1333, Page 124, Deed Records, Tarrant County
Texas;
THENCE SOO° 18'52"E, along said west line, a distance of 2,419.34 feet to a point Tying in the
south line of said Tarrant Acquisitions tract;
THENCE along the said Tarrant Acquisitions south lines as follows:
1. S89°42'55"W, a distance of 199.96 feet to a point, from which an 1/2' iron rod found at
the southeast corner of said Tarrant Acquisitions tract bears N89°42'55"E 1 348.65 feet
2. SO1 ° 1 1'31 "W, a distance of 243.22 feet to a point;
3. S89°52'16"W, a distance of 208.89 feet to a point;
4. S01 °1 1'31 "W, a distance of 417.78 feet to an 1/2" iron rod stamped "Britain &
Crawford" found
5. S89°52'16"W, a distance of 452.11 feet to an 1/2" iron rod stamped "Britain &
Crawford" found;
6. N01 °1 1'44"E, a distance of 659.20 feet to a point;
7. S89°42'55"W, a distance of 1,366.67 feet to an 1/2" iron rod found;
Trinity Lakes TIF
Project and Financing Plans Exhibit D - Page 19 of 20
8. S00°43'19"W, a distance of 1,952.73 feet to a point;
9. S89°59'57"W, a distance of 700.76 feet to a point;
10. N00°40'47"W, a distance of 307.45 feet to a point;
11. S89°12'56"W, a distance of 1,036.62 feet to a point;
12. NOO°47'04"W, a distance of 1,126.50 feet to a point;
13. S89°12'56"W, at 215.28 feet passing an 1/2" iron rod stamped "Britain & Crawford"
found, at 265.30 feet passing an 1 /2" iron rod stamped "Britain & Crawford" found, in all a
distance of 891.00 feet to a point;
14. SO0°47'04"E, a distance of 1,561.91 feet to a point;
15. N83°17104"W, a distance of 425.58 feet to a point;
16. SO4°27'56"W, a distance of 488.89 feet to a point;
17. S53°12'56"W, a distance of 203.47 feet to a point;
18. N38°47104"W, a distance of 993.75 feet to a point;
19. N25°40'42"W, a distance of 997.38 feet to a cotton spike found at the most northerly
southwest corner of said Tarrant Acquisitions tract;
THENCE N84°01'46"W, a distance of 79.47 feet to the point of beginning, containing 930.965
acres of land.
The bearings recited hereon are oriented to NAD83 Texas North Central Zone.
Trinity Lakes TIF
Project and Financing Plans Exhibit D - Page 20 of 20
Exhibit "E"
[Information on following page]
Trinity Lakes TIF
Project and Financing Plans
Exhibits
TIF 14: Trinity Lakes Zoning
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"AG" -Agriculture, Vacant "ER", "EP", "E" - Neighborhood Commercial
"A-2.5A", "A-43" - Rural Residential "MU-1", "MU-2" Mixed -Use, "TU" Trinity Uptown, "NS" Near Southside
"A-21" - Suburban Residential "FR", "F", "G" - General Commercial
"A-10", "A-7.5", "A-5", "AR" - Single-family Residential "H" - Central Business
"MH" - Manufactured Housing "I" - Light Industrial
"B", "R-1", "R-2" - Low Density Residential "J" - Medium industrial
"CF" - Community Facilities ® "K" - Heavy Industrial
"CR", "C" - Medium Density Residential 1 "PD" - Planned Development
"D", "DHR1", "DHR2" - High Density Residential e,�,� "0-1 ", "0-2" - Zoned Flood Plain
Prepared On: September 6, 2012
0 0.25 0.5
1 0 1 I
1 Miles
9
Exhibit "F"
[Information on following page]
Trinity Lakes TIF
Project and Financing Plans
Exhibits
Exhibit "F"
TIF 14 (TRINITY LAKES) INCREMENT PROJECTIONS
Annual Growth
TIF Admin. Rate
TIF 14 Taxable Value
2.0%
0.0%
Bate Yoar 1 Year 2 Yeor 3 Year 4 Year 5 Year 6 Yeor 7 Year 8 Yeor 9 Year 10 Yeor 11 Year 12 Year 13 Year 14 Year f 5 Year 16 Year 17 Yoar 18 Year 19 Year 20
Tax Year 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032
Ad Valorem Taxable Value 39,830,913 40,627,531 41,440,082 61,256,817 82,293,181 107,105,593 169,940,562 248,947,018 326,456,315 354,842,869 395,490,096 457,182,726 487,819,613 549,340,152 594,238,644 626,904,491 676,037,400 716,116,369 743,284,333 803,525,669 841,450,266
Estimated Added Residential Value 16,902,259 12585,000 17,796,025 18,375,973 21,755,964 23,,6601,173 18,324,564 21,985,564 17,536,564 15,361,564 15,331764 16,780,164 16,254,364 16,398,252 13,848,800 8,492,000 33,,750,000
TOTALed Added Commorciel
07.019
86
.955
LAD VALOREM TAXABLEVVA VALUE 39.830,913 40.627,531 60 055703 80.679,590 105.005.� 3 166.608.394 244,065.704 326.655 210 347,885.165 387735 388 448298,359 478454,522 538 56t,777 582.586 906 614.612246 6627811764 702,074 872 728711,131 781. b 264 824,951.141 862,342.172
Percent Change from Prior Year 2.00% 2.00% 47.82% 34.34% 30.15% 58.67% 46.49% 31.13% 870% 11.45% )5.60% 670% 12.61% 8.17% 5.50% 7.84% 5.93% 379% 8.10% 4.72%
TIF 14 Revenues
City (85'/s) 5,789 146,984 296,86E 473,656 921,355 1,484,276 2,036,530 2,238,784 2,528,396 2,967,956 3,186,244 3,624,577 3,944,479 4,177,223 4,527,295 4,812,858 5,006,430 5,435,649 5,705,862 5,977,601
County (50%) 1,052 26,697 53,920 86,030 167,346 269,590 369,896 406,632 459,234 539,071 578,719 658,334 716,438 758,711 822,295 874,162 909,321 987,280 1,036,359 1,085,715
TRWD
159 4.045 8,170
I TOTAL 7.000
7.000 177,725 358.958 572,722 1.114,057 1,79489,713 2,462.4 1 2,707 '27 3,057.2811 3.588,705 3,852.647 4,382,659 4,764468 5,050.891 5,474,1811 5.819.469 6.053. 26 6,572,5117 6,899,245 7,227.818
Interest Generated (TBD) - -• - - -
TOTAL 7,000 177,725 358,958 572,722 1,114,057 1,794,713 2,462,471 2,707,027 3,057,211 3,588,705 3,852,647 4,382,659 4,769,468 5,050,891 5,474,181 5,819,469 6,053,526 6,572,517 6,899,245 7,227,818
Projects
1. - Trinity Boulevard, Phase 1 (2015) 500,000 500,000 500,000 750,000 500,000 750,000 750,000 1,000,000 250,000 1,000,000 500,000 500,000 500,000 500,000 500,000 3,000,000 1,249,000
2. - Precinct Line Rood (2017) 300,000 300,000 300,000 300,000 400,000 400,000 400,000 200,000 2,000,000 1,350,000
3. - Trinity Trails System Improvements (2023) 1,500,000 1,500,000
4,- Local Street Improvements (2017) 1,500,000 1,000,000 2,000,000 2,100,000 1,500,000 1,400,000 805,250
5. - Enhanced Woyflnding Signoge, Etc. (2017) 300,000
6. - Waterfront Improvements (2017) 100,000 750,000
7. - Public Area Facility Enhancements (2020) 750,000
8. - Bicycle Facilities, Connections, Etc (2023) 275,000 275,000
9. - Trinity Boulevard, Phase II (2030) 12,500,000
10. - Publik Transit Improvemenh (2030) 8,000,000
11. - Land Acquisition (2028) 2,500,000
12. - Public ParkInn Facilities (2030) 1p00/,000 3,500,000
TOTAL 500,000 500,000 1,200,000 1,000,000 2,300,000 2,800,000 3,150,000 3,500,000 3,925,000 4,375,000 3,305,250 1,850,000 500,000 3,000,000 500,000 24,506,000 4,749,000 -
Net TIF Cash Flow 7,000 177,725 (141,042) 72,722 (05,943) (5,287) 162,471 (92,973) (12,789) 08,705 (72,353) 7,659 1,464,218 3,200,891 4,974,181 2,819,469 5,553,526 (17,927,483) 2,150,245 7,227,818
FUND BALANCE - 7,000 184,726 43,683 116,405 30,462 25,175 187,646 94,673 1,884 90,588 18,236 25,095 1,490,113 4,691,004 9,665,185 12,484,653 18,038,179 110,697 2,260,941 9,488,759
TOTALS
275,079,997
3(14,209,699
59, 498,813
10,806,802
1 637,394
7f.943.009
71,943,009
13,2,19,000
5,950,000
3,000,000
10,305,250
300,000
850,000
750,000
550,000
12,500,000
8,000,000
2,500,000
4 `500,000
62,454,250
EXHIBIT "C"
RESOLUTION
TARRANT REGIONAL WATER DISTRICT
•
Tarrant Regional Water District Participation Agreement
Trinity Lakes TIF
Page 9
RESOLUTION OF THE BOARD OF DIRECTORS
OF
TARRANT REGIONAL WATER DISTRICT
December 18, 2012
WHEREAS, Tarrant Regional Water District desires to participate in the Trinity
Lake TIF created by the City of Fort Worth ;to provide tax increment financing for
infrastructure development to support economic development in Fort Worth; and
WHEREAS, the District desires to appoint Linda Christie as the District's
representative to Tax Increment Reinvestment Zone 14 (Trinity Lake); and
WHEREAS, pursuant to Section 311.013(f) of the Texas Tax Code the District is
not required to pay any tax increment into the tax increment funds of TIF 14 (Trinity
Lake) unless it enters into a satisfactory participation agreement with the City of Fort
Worth; and
WHEREAS, the District desires to enter into such participation agreement with
the City.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF
THE TARRANT REGIONAL WATER DISTRICT
THAT the District shall participate in Tax Increment Reinvestment Zone 14
(Trinity Lake) and that Linda Christie shall serve as the board representative until
such time as another representative is named by the Districts Board of Directors
THAT Linda Christie should be and is hereby authorized to negotiate a
participation agreement with the City of Fort Worth for the Board President's
signature for TIF 14 (Trinity Lake) that is in the best interest of the District.
PASSED, APPROVED AND ADOPTED this 18th day of December, 2012.
TARRANT REGIONAL WATER DISTRICT, a
Water Control and Improvement District
By: el-{,__ ,�1 .% Lit 1) :A an
Victor W. He dersori
President, Bo -of-Directors
ATTEST:
J k R. S evens
ecretary, Board of Directors