HomeMy WebLinkAboutResolution 4144-11-2012A Resolution
NO. 4143-11-2012
RENEWAL OF THE EVANS AND ROSEDALE
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 November 19, 2002, the Council approved the creation of the
Evans and Rosedale NEZ and Fort Worth Neighborhood Empowerment Reinvestment
Zone (FWNERZ) No. 4; and
WHEREAS, it is being proposed that the Evans and Rosedale NEZ be renewed as
shown on Exhibit A; and
WHEREAS, the Council finds that the renewal of the Evans and Rosedale NEZ:
(1) would promote the creation or rehabilitation of affordable housing in the zone and an
increase in economic development in the zone, and (2) is 100% within the Central City
and 100% within the Community Development Block Grant eligible area; and
WHEREAS, the Council finds that the creation of the Evans and Rosedale NEZ
benefits and is for the public purpose of increasing public health, safety and welfare; and
WHEREAS, the council finds that the Evans and Rosedale NEZ satisfies the
requirements of Section 312.02 of the Tax Code; and
WHEREAS, the Council finds that the proposed renewal of the Evans and
Rosedale NEZ meets the criteria for NEZ designation.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF FORT WORTH, TEXAS:
Section I. The facts and recitations contained in the preamble of this Resolution
are hereby found and declared to be true and correct.
Section 2. The Evans and Rosedale NEZ is hereby renewed as set forth in Exhibit
L03=7
Resolution No. 4143-11-2012
Section 2. The Evans and Rosedale NEZ is hereby renewed as set forth in Exhibit
A, Evans and Rosedale Neighborhood Empowerment Zone & Evans and Rosedale
Neighborhood Empowerment Reinvestment Zone No. 4.
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 Evans and Rosedale NEZ area renewal.
Section 4. The designation shall expire on November 5, 2022.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF FORT WORTH, TEXAS:
Adopted this 6'h day of November, 2012.
ATTEST:
By:
Mary Ka set 6ity Secretary
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EXHIBIT A
EVANS AND ROSEDALE NEIGHBORHOOD EMPOWERMENT ZONE
& EVANS AND ROSEDALE NEIGHBORHOOD EMPOWERMENT
REINVESTMENT ZONE No. 4
GENERAL DESCRIPTION
The property described below to be designated as Fort Worth Neighborhood Empowerment
Reinvestment Zone No. 4 for tax abatement purposes contains 1.77 square miles of land and is
described as follows:
On the North: Beginning at the exit ramp of Interstate Highway 35 W southbound and
Interstate Highway 30 eastbound. Thence east on Interstate Highway 30 to U.S. Highway 287
southbound.
On the East: Beginning at the merging point of Interstate Highway 30 exit to U.S. Highway
287 southbound. Thence South on U.S. Highway 287 to Cromwell street. Thence
south/southwest on Cromwell Street to Riverside Drive. Thence south on Riverside Drive to East
Richmond Avenue. Thence west on East Richmond Avenue to Delaware Street. Thence south
on Delaware Street to the eastern property line of Lot 4, Block 16, of the Highland Park
Addition-Fort Worth, as recorded in Volume 310, Page 60 of the Tarrant County plat records.
Thence continue south along the western property line of Lot 4, Block 16, of the Highland Park
Addition-Fort Worth, as recorded in Volume 310, Page 60 of the Tarrant County deed records, to
the southern property line of Lot 4, Block 16, of the Highland Park Addition-Fort Worth, as
recorded in Volume 310, Page 60 of the Tarrant County deed records. Thence east along the
southern property line of Lot 4, Block 16, of the Highland Park Addition-Fort Worth as recorded
in Volume 310, Page 60 of the Tarrant County deed records, to the alley. Thence continue south
across the alley to the eastern boundary of Lot 5, Block 16, of the Highland Park Addition-Fort
Worth as recorded in Volume 310, Page 60 of the Tarrant County deed records, to Delaware
Street continuation. Thence southwest along Delaware Street to East Jessamine Street.
On the South: Beginning at the intersection of Delaware Street and East Jessamine Street.
Thence west on East Jessamine Street to the northbound service road of South Freeway/Interstate
Highway 35W.
On the West: Beginning at the intersection of East Jessamine Street and the northbound service
road of South Freeway/Interstate Highway 35 W. Thence north along the northbound service
road of South Freeway/Interstate Highway 35W to Magnolia Avenue. Thence west along
Magnolia Avenue across South Freeway/ Interstate Highway 35 West to the eastern property line
of Lot 1, Block 1, of Guinn School Addition as recorded in the Volume A, Page 6788 of Tarrant
County plat records. Thence north along the eastern property line of Lot 1, Block 1, of Guinn
School Addition, as recorded in Volume A, Page 6788 of the Tarrant County plat records to East
Rosedale Street. Thence east on East Rosedale Street to the northbound service road of South
Resolution No. 4143-11-2012 — Exhibit A
Page 1 of 2
Freeway/Interstate Highway 35W. Thence north on the northbound service road of South
Freeway/Interstate Highway 35W to the exit ramp of Interstate Highway 35 W southbound and
Interstate Highway 30 eastbound.
"This document was prepared under 22 TAC § 663.21, does not reflect the results of an on the
ground survey, and is not to be used to convey or establish interests in real property except those
rights or interests implied or established by the creation or reconfiguration of the boundary of the
political subdivision for which it was prepared."
Resolution No. 4143-11-2012 — Exhibit A
Page 2 of 2
Evans and Rosedale Neighborhood Empowerment Zone
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City of Fort Worth, Texas
Mayor and Council Communication
I NUUMNOWN"MIN"
DATE: Tuesday, November 06, 2012 REFERENCE NO.: G -17727
LOG NAME: 17NEZEVANSANDROSEDALERENEW
SUBJECT:
Conduct Public Hearing, Adopt Resolution Reclesignating the Evans and Rosedale Area as a
Neighborhood Empowerment Zone and Adopt Ordinance to Redesignate the Evans and Rosedale Area as
Fort Worth Neighborhood Empowerment Reinvestment Zone No. 4 (COUNCIL DISTRICT 8)
RECOMMENDATION:
It is recommended that the City Council:
1. Conduct a public hearing to redesignate the Evans and Rosedale area as Fort Worth Neighborhood
Empowerment Reinvestment Zone No. 4;
2. Adopt the attached Resolution to redesignate the Evans and Rosedale area as a Neighborhood
Empowerment Zone; and
3. Adopt the attached ordinance to redesignate the Evans and Rosedale area as Fort Worth
Neighborhood Empowerment Reinvestment Zone No. 4, pursuant to the Texas Property Redevelopment
and Tax Abatement Act, Tax Code, Chapter 312.
DISCUSSION:
On November 19, 2002, (M&C G- 13806) the City Council adopted Resolution No. 2889 to designate the
Evans and Rosedale area as a Neighborhood Empowerment Zone (NEZ) and adopted Ordinance No.
15337 which designated the area as Fort Worth Neighborhood Empowerment Reinvestment Zone
(FWNERZ) No. 4.
The Evans and Rosedale NEZ has a population of 5,972 persons and an area of 1.77 square miles and
meets the following designation requirements under the City's NEZ policy:
• Promotes economic development;
* Has a population of no more than 6000;
The Evans and Rosedale NEZ area is 100 percent within the Central City and 100 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: 17NEZEVANSANDROSEDALERENEW Page 1 of 2
The Evans and Rosedale 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 Evans and Rosedale 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 Evans and Rosedale NEZ and renewing the Reinvestment Zone
designation in order to further promote development in the Evans and Rosedale area.
The Evans and Rosedale NEZ area is located in COUNCIL DISTRICT 8.
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 F u nd/Accou nt/C enters
Fernando Costa (6122)
Jay Chapa (5804)
Sarah Odle (7316)
Cynthia Garcia (8187)
Logname: 17NEZEVANSANDROSEDALERENEW Page 2 of 2