HomeMy WebLinkAboutResolution 4079-03-2012A Resolution
NO. 4079 -03 -2012
RENEWAL OF THE RIDGLEA VILLAGE /COMO
NEIGHBORHOOD EMPOWERMENT ZONE
WHEREAS, on April 25, 2000 the City of Fort Worth City Council ( "Council ")
approved a Policy Statement on the Creation of Local Neighborhood Empowerment
Zones; and
WHEREAS, on October 3, 2000 the Council approved the criteria to determine
whether an area would be eligible to be designated as a Neighborhood Empowerment
Zone (NEZ); and
WHEREAS, on April 2, 2002, the Council approved the creation of the Ridglea
Village /Como NEZ and Fort Worth Neighborhood Empowerment Reinvestment Zone
(FWNERZ) No. 2; and
WHEREAS, it is being proposed that the Ridglea Village /Como NEZ be renewed
as shown on Exhibit A; and
WHEREAS, the Council finds that the renewal of the Ridglea Village /Como NEZ:
(1) would promote the creation or rehabilitation of affordable housing in the zone and an
increase in economic development in the zone, and (2) is 87% within the Central City
and 78% within the Community Development Block Grant eligible area; and
WHEREAS, the Council finds that the creation of the Ridglea Village /Como NEZ
benefits and is for the public purpose of increasing public health, safety and welfare; and
WHEREAS, the council finds that the Ridglea Village /Como NEZ satisfies the
requirements of Section 312.02 of the Tax Code; and
WHEREAS, the Council finds that the proposed renewal of the Ridglea
Village /Como NEZ meets the criteria for NEZ designation.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF FORT WORTH, TEXAS:
Section 1. The facts and recitations contained in the preamble of this Resolution
are hereby found and declared to be true and correct.
Section 2. The Ridglea Village /Como NEZ is hereby renewed as set forth in
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Resolution No. 4079 -03 -2012
Exhibit A, Ridglea Village /Como Neighborhood Empowerment Zone & Ridglea
Village /Como Neighborhood Empowerment Reinvestment Zone No. 2.
Section 3. The Council adopts all basic incentives as described in the
Neighborhood Empowerment Zone Basic Incentives (M &C G- 17133) and as amended for
the Ridglea Village /Como NEZ area renewal.
Section 4. The designation shall expire on March 26, 2022.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF FORT WORTH, TEXAS:
Adopted this 27`h day of March, 2012.
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EXHIBIT A
RIDGLEA VILLAGE /COMO NEIGHBORHOOD EMPOWERMENT ZONE
& RIDGLEA VILLAGE /COMO NEIGHBORHOOD EMPOWERMENT
REINVESTMENT ZONE NO. 2
GENERAL DESCRIPTION
The area to be designated as Fort Worth Neighborhood Empowerment Reinvestment
Zone No. 2 for tax abatement purposes contains 1.49 square miles of land and is
described below:
On the North: Beginning at the intersection of Camp Bowie Boulevard and the
eastbound service road of Interstate 30 West. Thence east on the eastbound service
road to Neville Street.
On the East: Beginning at the intersection of the eastbound service road of Interstate 30
West and Neville Street. Thence south on Neville Street to the unnamed creek flowing
southeast from Lake Como. Thence southeast along the creek centerline to its
intersection with the northeastern corner of Lot 1, Block 70 of the Chamberlain - Arlington
Heights Subdivision, Second Addition. Thence south along the eastern property lines of
Lots 1 and 40, Block 70; Lots 1 and 40, Block 73; Lots 1 and 40, Block 88; Lots 1 and
40, Block 91; Lots 1 and 40, Block 106; Lots 1 and 40, Block 109; Lot 1, Block 124, of
the Chamberlain - Arlington Heights Subdivision, Second Addition, as recorded in
Volume 63, Page 44; and of Lots 3A and 37R, Block 124R, as recorded in Volume 388-
139, Page 96 of the Tarrant County plat records, to Vickery Boulevard. This line also
coincides with the r.o.w. of the platted, but unconstructed portion of Penticost Street,
part of the Chamberlain - Arlington Heights Subdivision, Second Addition plat, as
recorded in Volume 63, Page 44 of the Tarrant County plat records. The entire eastern
boundary described above also coincides with the shared eastern boundary of the Lake
Como and East Libby Avenue Neighborhood Associations.
On the South: Beginning at the intersection of the above described boundaries of the
Chamberlain - Arlington Heights Subdivision, Second Addition, also described as the
shared eastern boundary of the Lake Como and East Libby Avenue Neighborhood
Associations, and Vickery Boulevard. Thence southwest along Vickery Boulevard to its
intersection with Ridglea Lane.
On the West: Beginning at the intersection of Vickery Boulevard and Ridglea Lane.
Thence north along the paved Ridglea Lane to its termination at the southeastern
corner of Lot 16, Block 51 of the Ridglea Addition, as recorded in Volume 388 -G, Page
14 of the Tarrant County plat records. Thence continue north along the rear property
lines of lots 16 through 6, Block 51, the eastern terminus of Ridgeway Street, and the
eastern property line of Lot 5, Block 51, of the Ridglea Addition, all recorded in Volume
388 -G, Page 14 of the Tarrant County plat records, to the northeastern corner of said
Lot 5. Thence west along the rear lot lines of lots 5, 4, 3, 2, and 1, Block 51, Ridglea
Addition, as recorded in Volume 388 -G, Page 14 of the Tarrant County plat records, to
Westridge Avenue. Thence north and northwest along Westridge Avenue to its
intersection with Ridglea Place. Thence west around the circle on Ridglea Place to
Bernie Anderson Avenue. Thence northwest along Bernie Anderson Avenue to Camp
Bowie Boulevard. Thence northeast along Camp Bowie Boulevard to Fairfield Avenue.
Thence northwest along Fairfield Avenue to the rear property line of Lot F, Block 20,
Ridglea Addition, as recorded in Volume 6927, Page 2377, of the Tarrant County deed
records. Thence northeast along said property line to Westridge Avenue. Thence
southeast along Westridge Avenue to Camp Bowie Boulevard. Thence northeast along
Camp Bowie Boulevard to its intersection with the eastbound service road of Interstate
30 West.
Ridglea / Como Neighborhood Empowerment Zone
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Legend N Prepared On: December 16, 2010
COPYRIGHT 2D10 CITY OF FORT WORTH UNAUTHORIZED REPRODUCTION IS A VIOLATION OF APPUCABLE LAWS.
THIS DATA IS TO BE USED FOR A GRAPHICAL REPRESENTATION ONLY. THE ACCURACY IS NOT TO BETAKEN /
Nei hborhood Em owerment Zone USED AS DATA PRODUCED FOR ENGINEERING PURPOSES OR BYA REGISTERED PROFESSIONAL L .AND
Q
g p SURVEYOR. THE CITY OF FORT WORTH ASSUMES NO RESPON SIBIUTY FOR THE ACCURACY OF SAID DATA
Q Urban Village Miles FORTWORTH.
Park 0 0.125 0.25 0.5
City of Fort Worth, Texas
Mayor and Council Communication
COUNCIL ACTION: Approved on 3/27/2012 - Ordinance No. 20144 -03 -2012 and Resolution
No. 4079 -03 -2012
DATE: Tuesday, March 27, 2012 REFERENCE NO.: G -17564
LOG NAME: 17NEZRIDGLEAVILLAGERENEW
SUBJECT:
Conduct a Public Hearing, Adopt Resolution Redesignating the Ridglea Village /Como Area as a
Neighborhood Empowerment Zone and Adopt Ordinance to Redesignate the Ridglea Village /Como Area
as Fort Worth Neighborhood Empowerment Reinvestment Zone No. 2 (COUNCIL DISTRICTS 3 and 7)
RECOMMENDATION:
It is recommended that the City Council:
1. Adopt the attached Resolution to redesignate the Ridglea Village /Como area as a Neighborhood
Empowerment Zone;
2. Conduct a public hearing to redesignate the Ridglea Village /Como area as Fort Worth Neighborhood
Empowerment Reinvestment Zone No. 2; and
3. Adopt the attached ordinance to redesignate the Ridglea Village /Como area as Fort Worth
Neighborhood Empowerment Reinvestment Zone No. 2, pursuant to the Texas Property Redevelopment
and Tax Abatement Act, Tax Code, Chapter 312.
DISCUSSION:
On April 2, 2002, (M &C G- 13580) City Council adopted Resolution No. 2823 to redesignate the Ridglea
Village /Como area as a Neighborhood Empowerment Zone (NEZ) and adopted Ordinance No. 15061
which redesignated the area as Fort Worth Neighborhood Empowerment Reinvestment Zone (FWNERZ)
No. 2.
The Ridglea Village /Como NEZ has a population of 5,277 persons and an area of 1.49 square miles and
meets the following designation requirements under the City's NEZ policy:
Promotes economic development;
. Has a total area of no more than 1.5 square miles;
. The Ridglea Village /Como NEZ area is 87 percent within the Central City and 78 percent within the
Community Development Block Grant eligible areas; and
. Meets criteria for Reinvestment Zone designation in that the area is reasonably likely as a result of
the designation to contribute to the retention or expansion of primary employment or to attract major
investment in the zone that would be a benefit to the area and that would contribute to the economic
development of the City.
Logname: 17NEZRIDGLEAVILLAGERENEW Page I of 2
The Ridglea Village /Como NEZ area, therefore, meets all the requirements for NEZ designation.
One of the incentives a municipality can provide in a NEZ, according to Chapter 378 of the Texas Local
Government Code, is an abatement of municipal property taxes for properties in the NEZ. In order to
accomplish this, the Ridglea Village /Como area would need to be designated as a Reinvestment Zone.
The Texas Property Redevelopment and Tax Abatement Act (the Act) requires a public hearing. Notice of
the public hearing was (1) delivered to the governing body of each affected taxing unit, and (2) published
in the newspaper at least seven days prior to the public meeting. The Act requires the property receiving
an abatement to be located in a Reinvestment or Enterprise Zone.
The proposed area meets the criteria for the designation of a Reinvestment Zone because the area is
reasonably likely, as a result of the designation, to contribute to the retention or expansion of primary
employment or to attract major investment in the zone that would be a benefit to the property and
contribute to the economic development of the municipality. Further, future improvements in the zone will
be a benefit to the City after any Tax Abatement Agreements have expired. The designation of a
Reinvestment Zone expires after five years and may be renewed for periods not to exceed five years.
Staff recommends redesignating the Ridglea Village /Como NEZ and renewing the Reinvestment Zone
designation in order to further promote development in the Ridglea /Como area.
The current Ridglea Village /Como NEZ area is located in COUNCIL DISTRICTS 3 and 7.
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)
Cynthia Garcia (8187)
Sarah Odle (7316)
Logname: I7NEZRIDGLEAVILLAGERENEW Page 2 of 2