HomeMy WebLinkAboutOrdinance 20505-11-2012ORDINANCE 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 (11)
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 I 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 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:
LL 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.
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 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
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 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.
Ordinance Designating Tax Increment Reinvestment Zone Number Fourteen, Page 4 of 7
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, 2037 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 (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 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.
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:
lo
Maleshia Purmer
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 "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 comer 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 comer 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 N69021'54"E, along the south line of said Block 10, at 75.43 feet passing the
northeast comer of said TCWCD, in all a distance of 2,311.74 feet to a point at the
southeast comer of said Block 10;
THENCE N0003TI 9"E, along the cast 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
comer of Lot 5, of said Block 10, said iron rod being the northwest corner of said
Riverbend East tract;
THENCE N56037'44"E, along the north line of said Riverbend East tract, at 308.97 feet
passing a 5/8" iron rod found at the southeast comer 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 comer
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 027'08 "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. N27012'45 "E, a distance of 280.95 feet to a City of Fort Worth monument No.6410
found;
3. N50 049'45 "E, a distance of 390.55 feet to an 1/2" iron rod stamped "Beasley 4050"
found;
4. N32 024'45 "E, a distance of 411.21 feet to an inverted RR beam found;
5. N47 025'45 "E, a distance of 87.80 feet to a point, said point lying in the south line of
Trinity Boulevard;
THENCE N42 034'15 "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 IA 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 IA 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
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 N07'31'53"E, 648.23 feet
to a point;
3. N14025'03"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 THE 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 comer of
said Riverbend Investment 11 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 S00020'43"E, at 27.06 feet passing a point at the northeast comer of said
Riverbend Investment 11 tract, at 47.67 feet passing a point at the northwest comer 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 comer of
Lot 31, of said Block 22, said point being the northwest comer 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 comer of Lot
1, Block 23, of said Lakes of River Trails;
THENCE along the north and cast lines of said Lot I as follows:
1. easterly, 479.81 feet along a non tangent curve to the fight, 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. 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 comer of said Lot 1, in all a
distance of 185.55 feet to a point at the most westerly southwest comer 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 "Beasley 4050"
found at the most southerly southwest comer of said Lot 4;
2. S00 '21'52"E, a distance of 106.94 feet to an 1/2" iron rod stamped "Beasley 4050"
Ordinance Designating Tax Increment Reinvestment Zone Number Four-teen,
City of Fort Worth, Texas
found;
]. southerly, 68.95 feet, along a curve to the |eft, buviuA u radius of 387.25 feet, a
central angle of\0ol2'07" and u chord bearing S05"27'5h"E68.86 feet tnuul/3" iron rod
stamped °0eam|ny 4050" found at the uontbn'csL oozoor of Lot l, of said Block 224 said
point lying iouuidCbyofFodWndb000bboe;
THENCE easterly along said uodb line, 469.22 feet along u uuu tangent curve 10 the
right, having a radius of 2,043.04 feet, u central uog\o of 13"09'32" and o chord bearing
N83»03'56"E,4b8.lg feet toupoint;
T}{ENCElq89»37'O0"E, continuing along said north line, u distance ofl,549.D9 feet to u
point, from which the southeast comer of Lot 13` Block lO` Lakes of River Trails, an
addition to the City ofFort Worth, Tarrant County, 7nsue according to the plat recorded
io Cabinet A, Slide 7556` Plat Records, Tarrant County, Texas bears N89'33'3O"E07.24
THENCE S0p21'18"E u distance ofl2K0Ufeet to an 1/2" iron nod found at the
northeast comer of said Tract 2, said point lying in said City of Fort Worth south line;
THENCE 3O3o07'4@"B,an cast line of said Tract 2,u distance ofl/44U.53 feet Lou point;
THENCE 8|y«2Z32"B, continuing along said cast line, u1338.54feet passing u5/D"iron
rod found at the oortb.puaL comer of Lot 49, Block 8, River Trails Addition, an addition
to the City of Port Worth' Tarrant County, Texas according to the plat recorded in
Cabinet A, Slide 4679, Plat Records, Tarrant County, Texas, in all n distance of526.49
feet to upoinJ at the southeast corner ofsaid Lot 49, said point being the uudbwomt uocn«r
of Lot l, Block 22,of said River Trails Addition;
THENCE along the north, east and mouth lines nFsaid Lot l as follows:
l. S80"43'U5"E,o distance ofl34.69 feet toupoint;
2. easterly, l57.00 feet along u non tangent curve 1u the left, having u radius of50.00
feet, a central angle ofl79u54'|4" and a chord bearing S80142'48"G, 100.00 feet to u
l8OO»43'05"F,u distance ofZh9.l8 feet toupoint;
4.8O9']6'55"YV`u distance ofl|5.00 feet toupoint;
5.S}3»54'4 "Eudistauceof107.37feet to point;
6.8U7»30'0l"ELu distance of95.42 feet tnapoint;
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 comer 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 S21056'34"E, along said Tract 2 east line, a distance of 151.17 feet to a point at
the south comer 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 comer of Lot 12, of said Block 22;
THENCE S84012'41 "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 comer 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 N89031'37"E, a distance of 114.58 feet to an 1/2" iron rod found at the
northwest comer 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 S0001 706"E, at 291.01 feet passing an 1/2" iron rod stamped "Beasley 4050"
found at the southwest comer of Lot 2, Block 10, of said Lake of River Trails South, said
iron rod being the northwest comer of Lot 3, Block 10,in all a distance of 791.06 feet to a
point at the southwest comer 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 comer 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 "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°1 0'29 "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. N88'27'1 5"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. SO1 °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 °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 046'18 "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 036'32 "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 007'02 "E, a distance of 11.56 feet to a point;
25. S36 013'30 "W, a distance of 4.77 feet to a point;
26. S54 048'16 "E, a distance of 24.84 feet to a point;
27. S76 032'24 "E, a distance of 14.79 feet to a point;
28. N09 045'05 "E, a distance of 4.81 feet to a point;
29. S80 038'59 "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 027'48 "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 027'48 "E, a distance of 137.61 feet to a point;
37. S58 °01'1 8 "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 048'30 "E 38.73 feet to a point;
39. S58-01'1 8"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 °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. 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 052'40 "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 G00022'1 l"W` continuing along said east Uuc u distance nf728.00 feet to u
point u1 the southeast comer nf said Lot 4l,said point lying intbnoortbeus\U000futout
of land described in the deed to Kenneth Allen et al, recorded in Volume 6688, Page 322,
Deed Records, Tarrant County, Texas;
THENCE S54058'41 "E, along said northeast line, udistance of 66.10 feet toupoint at the
northeast comer of said Allen tract;
THENCE along the east lines of said Allen tract as follows:
l.80U»O5'29"W,a distance o[745.77 feet k)upoint;
2. southerly, 627.09 feet along u curve to the right, having n radius of 2,33 1.00 feet u
central angle of 15124'50" and a chord bearing S07'47'54"W 625.20 feet to a point;
3. S15»30'l9"W, n distance o[5b5.hl feet to a point u1 the southeast comer ofsaid
Allen tract, said point being the northeast comer nFa tract of land described io the deed h`
Jessie Iluudoi 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 Ruodu) tracts umfhik)nm:
l.Nb6»52'])"VV'a distance oF480.0O feet k>n point;
2 N49«44'll°W.o distance oflO9OU feet hoa rd'
3. N37'22'1 I "W, a distance of 109.80 feet to a point;
4. N2]°ll'll"VV,o distance nf2l3.lU feet toapoint;
5.NK]2»58'Il"W'u distance nfl58]O feet b/opoint;
b.NO6»O2'|l"W.0 distance of|52.|O feet toupoint;
7. N07'1 2'11 "W, a distance of 122.50 feet to a point;
8. N48'36'1 I "W, a distance of 77,50 feet to a point;
9.S82 a distance ofl4l.60 feet k`apoint;
10.N07»171 )"W, m distance nf24b.00 feet noepoint;
ll.N83"O3']l''W,o distance ofl6l.l0 feet 0oapoint;
12. r465054'1 l"VV, a distance of240.3D feet to apoiu{;
Ordinance Designating Tax Increment Reinvestment Zone NUumberFmrtecn,
City of Fort Worth, Texas
13. N83 °20'11 "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 020'49 "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 025'49 "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 °23'11 "W, a distance of 591.81 feet to a point for the most northerly
southwest corner of said Allen tract;
THENCE N89 036'49 "E, along said Allen tract, a distance of 141.08 feet to a point;
THENCE N00 023'11 "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 comer 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. N7715 1'24"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. NOI'56'48"W, a distance of 104.98 feet to a point;
5. S87'54'1 6"W, a distance of 971.95 feet to a point;
6. N69118'48"W, a distance of 357.33 feet to a point;
7. N02121'52"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. N49123'47"W, a distance of 194.42 feet to a point;
10. S88025'07"W, a distance of 210.27 feet to a point;
11. S26030'49"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. N27019'04"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;
Ordinance Designating Tax Increment Reinvestment Zone Number Fourteen,
City of Fort Worth, Texas
22. S50 035'42 "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 054'29 "W, a distance of 177.93 feet to a point;
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. NI 0"54'29"W, a distance of 74.90 feet to a point;
30. NI 5044'31 "E, a distance of 110.60 feet to a point;
31. S89 °27'31 "W, a distance of 388.79 feet to a I" iron rod found;
32. S00 022'29 "E, a distance of 1,673.41 feet to a point;
33. S72 049'56 "W, a distance of 106.10 feet to a point;
34. S47 013'52 "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. S07039'1 2"E, a distance of 346.84 feet to a point;
37. S35 012'48 "E, a distance of 82.30 feet to a point;
38. S62 011'10 "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. SO4 °05'29 "W, a distance of 514.35 feet to a point;
43. S89 028'29 "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 1177 1,
Ordinance Designating Tax Increment Reinvestment Zone Number Fourteen,
City of Fort Worth, Texas
Page 237, Deed Records, Tarrant County, Texas;
THENCE S58029'44"W, a distance of 525.85 feet to a point at the south comer of said
Tract 11-B;
THENCE S61031'45"W, a distance of 395.33 feet to a point at the southeast comer of
Tract 11-A, of said Bluecreek tract;
THENCE S68030'23"W, along the south line of said Tract 11-A, a distance of 256.00 feet
to a point;
THENCE S61"56'00"W, continuing along said south line, a distance of 428.41 feet to a
point, said point being the southwest comer of said Tract 11-A and being the southeast
comer 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 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 comer 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 N55'1 9'43 "W, 1,363.28 feet to a point;
I N79'49'40"W, at 398.10 feet passing a 5/8" iron rod stamped "ANA" found at the
southwest comer of said Riverbend East I tract, said iron rod being the southeast comer
of said TCWCD, in all in all a distance of 499.57 feet to a point at the southwest comer
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 Wirt. Bums 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
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 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 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 17 156'52" and a chord bearing
NO3 000'12 "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 1058'38"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 006'38 "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 12 000'16" and a chord bearing N07 °07'1 6 "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 007'09 "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 N55001'14"W, continuing along said Precinct Line Road west line, a distance
of 416.46 feet to a point at the southeast comer 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 comer of
Block A;
2. N09'1 8'1 6"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 comer 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 N89035'40"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
comer 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 S86'1 3'03 "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 "Sernpco"
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 S89037'12"W, at 110.00 feet passing an 1/2" iron rod found at the northwest
comer of said Lot 4R, in all a distance of 275.23 feet to an 1/2" iron rod found at the
northeast comer 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 N0002 I'l 8 "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 N89038'42"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 comer of Lot 49, Block 1, of said
Lakes of River Trails;
THENCE along the east and north lines of said Block I as follows:
N54'00'42"E, a distance of 62.37 feet to a point at the southeast comer of said Lot
49;
2. N44'47'42"W, a distance of 186.77 feet to a point at the northeast comer 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 341147'22" and a chord bearing N46'27'06"W, 29.90 feet to a
point at the southeast comer of Lot 48;
4. N08 '53'08"W, a distance of 338.56 feet to a point at the southeast comer of Lot 40;
5. N00 °21'1 8 "W, a distance of 202.07 feet to a point at the southeast comer 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
comer of Lot 34, of said Block 1;
7. N26'23'01 "W, a distance of 182.32 feet to a point at the east comer of Lot 31;
8. N45'25'40"W, a distance of 60.96 feet to a point at the north comer of said Lot 31;
9. N52'41'46"W, a distance of 60.72 feet to a point at the north comer of Lot 30-,
10. N509 1'56"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 comer of Lot 28;
12. 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. N69-36'50"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 comer of Lot 19, of said Block 1;
17. N80-06'58"W, at 60.97 feet passing a point at the northeast comer 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 S83010'02"W, at 1.77 feet passing a point at the northeast comer 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
comer of Lot 1;
THENCE along the east lines of said Lot 21 as follows:
1. S08017'54"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. S09'06'14"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 28'29'0 1 " and a chord bearing S26'07'04"E, 273.08 feet to
a point;
10. S4002 1'34"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. S40-2 1'34"E, a distance of 110.00 feet to a point at the southeast comer 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
31047'19";
3. westerly along the are, a distance of 152.57 feet to a point;
4. N88007'09"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 08107'l 6" 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. N60-04'3 3 "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 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 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 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. N46'26'1 9"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, 3394 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. N08019'16"W, a distance of 106.05 feet to a point at the northwest comer of said
Lot 21, said point being the northeast comer of Lot 22, of said Block 12;
THENCE N83024'27"W, a distance of 139.29 feet to an angle point lying in the north
line of Lot 32, of said Block 12;
THENCE N78043'17"W, a distance of 197.66 feet to an angle point lying in the north
line of Lot 34, of said Block 12;
THENCE N84004'31 "W, at 16.19 feet passing a point at the northwest comer of said Lot
34, at 48.07 feet passing a point at the northeast comer 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 comer 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 11311, Plat Records, Tarrant
County, Texas;
4. S81°51'11 "W, a distance of 50.47 feet to a point at the northwest comer 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 03102'58" 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 comer of Lot 48;
8. S86'10'33"W, a distance of 60.97 feet to a point at the northwest comer of said Lot
ig
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 comer of Lot 39, said point lying in the west line of said Tract
I 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 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"5625"E, continuing along said DART south line, at 6,247.30 feet passing
a point at the north west comer 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 S00036'27"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 comer of said
Lot 2AR-1;
THENCE along the south lines of said Lot 2AR- I 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 comer of said Lot
2AR-1;
4. N00 '36'27"W, a distance of 298.26 feet to a point;
5. N I 5'22'34"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
comer of said Lot 2 AR- 1;
THENCE N27048'13"E, a distance of 731.12 feet to a point lying in the north line of said
Lot 2AR-1, said point lying in said DART south line;
THENCE S851157'27"E, along said DART south line, at 623.60 feet passing an 1/2" iron
rod stamped "Britain & Crawford" found at the northeast comer 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 S00029'34"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
comer of said Texas Industries tract, said iron rod tying in said Trinity Boulevard north
line;
THENCE N89038'54"E, a distance of 72.37 feet to a point at the southwest comer 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
comer of said Lot I bears N88'39'26"E 32.53 feet;
THENCE S01020'34"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 S01010'23"E, along the east line of said Lot 1, a distance of 730.06 feet to a
point at the southeast comer 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. N88153'34"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. N89024'24"E, a distance of 1,065,86 feet to point lying in said north line, from an I-
1/2" iron rod found at the northeast corner of said Tarrant Acquisition tract bears
N89024'24"E 1,315.44 feet, said point being the southwest comer 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 S0001 8'52"E, along said west line, a distance of 2,419.34 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 comer of said Tarrant Acquisitions tract bears N89'42'55"E
1,348.65 feet;
2. SOPI 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. SOPI 1'31 "W, a distance of 417.78 feet to an 1/2" iron rod stamped "Britain &
Crawford" found;
5. S89'52'1 6"W, a distance of 452.11 feet to an 1/2" iron rod stamped "Britain &
Crawford" found;
6. NOPI 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;
8. S00 °43'1 9 "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. N00040'47"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. S89012'56"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. S00047'04"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. S04027'56"W, a distance of 488.89 feet to a point;
17. S53012'56"W, a distance of 203.47 feet to a point;
18. N38047'04"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 comer of said Tarrant Acquisitions tract;
THENCE N84001'46"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
TIF 14: Trinity Lakes
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TIF 14: Trinity Lakes
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Housing & 1=conomic Development
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1 1 1 1 1
City of Fort Worth, Texas
Mayor and Council Communication
DATE: Monday, November 12.2D12
LOG NAy0E:1717T|F14ESTABL|SH
REFERENCE NO.: G-17744
Conduct Public Hearing and Adopt Ordinance Establishing Tax Increment Reinvestment Zone Number
Fourteen, City of Fort Worth, Texas, Trinity Lakes TIF (COUNCIL DISTRICT 4)
It is recommended that the City Council:
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
\n support thereof.
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 tothe south, Bell Spur Road to the east and Loop 820h} the west. The exact
boundaries of the property are described in Exhibit Aofthe attached ordinance.
The proposed T|F 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 svatemn, vvmvhnding signage, transit improvements, public parking facilities, land acquisition and
VtherT|F'e|ig)b|e 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 T|F 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.
Lognarne: 1717TIF14B8TABlJS}{ Page of
The proposed TIF district is located in COUNCIL DISTRICT 4.
FISCAL INFORMATION I 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)
Logtiarne: 1717TIF14ESTABLISH Page 2 of 2