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HomeMy WebLinkAboutOrdinance 19461-12-2010 ORDINANCE NO. 19461-12-2010 AN ORDINANCE DESIGNATING A CERTAIN AREA IN THE CITY OF FORT WORTH AS "NEIGHBORHOOD EMPOWERMENT REINVESTMENT ZONE NO. 9R, CITY OF FORT WORTH, TEXAS"; PROVIDING THE EFFECTIVE AND EXPIRATION DATES FOR THE ZONE AND A MECHANISM FOR RENEWAL OF THE ZONE; AND CONTAINING OTHER MATTERS RELATED TO THE ZONE. WHEREAS, pursuant to the City Council's adoption on May 19, 2009 of Resolution No. 3742-05-2009 (M&C G-16572), the City of Fort Worth, Texas (the "City") has elected to be eligible to participate in tax abatement and has established guidelines and criteria governing tax abatement agreements entered into between the City and various third parties, as authorized by and in accordance with the Property Redevelopment and Tax Abatement Act, codified in Chapter 312 of the Texas Tax Code (the "Code"); and WHEREAS, the City Council desires to promote the development of the area in the City more specifically described in Exhibit "A" of this Ordinance (the "Zone") through the creation of a reinvestment zone for purposes of granting residential and commercial- industrial tax abatement, as authorized by and in accordance with Chapter 312 of the Code; and WHEREAS, on December 7, 2010, the City Council designated the revised Historic Handley area as a Neighborhood Empowerment Zone by Resolution to promote (1) the creation or rehabilitation of affordable housing in the zone, or (2) an increase in economic development in the zone, or (3) an increase in the quality of social services, education or public safety provided to the residents of the zone; and WHEREAS, on December 7, 2010, the City Council held a public hearing regarding the designation of the Zone as Neighborhood Empowerment Reinvestment Zone No. 9R ("Public Hearing"); and WHEREAS, notice of the Public Hearing was published in a newspaper of general circulation in the City on November 29, 2010; and WHEREAS, notice of the Public Hearing was delivered in writing not later than the seventh day before the date of the public hearing to the presiding officer of the governing body of each taxing unit that includes in its boundaries real property that is to be included in the proposed Zone; and WHEREAS, Neighborhood Empowerment Zone No. 9R will promote the creation of affordable housing in the Zone and an increase in economic development in the Zone; 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 the Public Hearing and affording a reasonable opportunity for all interested persons to speak and present evidence for or against the creation of 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 establishment of a reinvestment zone under Chapter 312 of the Code; and 1.2. That the boundaries of the reinvestment zone shall be the boundaries as described in Exhibit "A" which is attached hereto and made a part hereof; 1.3. The Zone meets the criteria for the designation of a reinvestment zone as set forth in Section 312.202 of the Code, as amended, 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 property and that would contribute to the economic development of the municipality. 1.4. Future improvements in the Zone will benefit the land included in the Zone as well as the City for a period in excess of ten (10) years, which is the statutory 2 maximum term of any tax abatement agreement entered into under Chapter 312 of the Code. SECTION 2. DESIGNATION OF ZONE. That the City Council hereby designates the Zone described in the boundary description attached hereto as Exhibit "A" and made a part of this Ordinance for all purposes as a reinvestment zone for purposes of granting residential and commercial- industrial tax abatement, as authorized by and in accordance with Chapter 312 of the Code. The Zone shall be known as "Neighborhood Empowerment Reinvestment Zone No. 9R, City of Fort Worth, Texas". The area within the Zone is eligible for residential and commercial-industrial tax abatement pursuant to Resolution No. 3742-05-2009. SECTION 3. TERM OF ZONE. That the Zone shall be established upon December 7, 2010, and expire five (5) years thereafter. The Zone may be renewed by the City Council for one or more subsequent terms of five (5) years or less. SECTION 4. 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. 3 SECTION 5. EFFECTIVE DATE. That this Ordinance shall take effect upon its adoption. AND IT IS SO ORDAINED. ADOPTED AND EFFECTIVE: December 7, 2010 APPROVED AS TO FORM AND LEGALITY: By: nAA� Charlene Sanders Assistant City Attorney M&C: G-17135 4 ORDINANCE NO. 19461-12-2010 EXHIBIT A HISTORIC HANDLEY NEIGHBORHOOD EMPOWERMENT ZONE $ HISTORIC HANDLEY NEIGHBORHOOD EMPOWERMENT REINVESTMENT ZONE No. 9R GENERAL DESCRIPTION The area to be re-designated as Fort Worth Neighborhood Empowerment Reinvestment Zone No. 9 for tax abatement purposes contains 1.27 square miles of land and is within the area described below: On the North: Beginning at the intersection of Weiler Boulevard and Meadowbrook Drive, thence east along Meadowbrook Drive, to the intersection of Meadowbrook Drive and the southbound frontage road of Interstate Highway 820 East, thence south along the southbound frontage road of Interstate Highway 820 East to the intersection with Craig Street, thence east along Craig Street to its intersection with Sandy Lane. On the East: Beginning at the intersection of Craig Street and Sandy Lane, thence south along Sandy Lane to its intersection with Buttercup Lane, thence continuing east on Buttercup Lane to its intersection with Boswell Drive, thence south along Boswell Drive to its intersection with East Lancaster Avenue, thence continuing directly west along East Lancaster Avenue to the intersection with Rosehill Street, thence south across East Lancaster Avenue to the Union Pacific Railroad right-of-way, thence continuing directly south across the Union Pacific Railroad right-of-way to the city limits of Arlington, also being a point on the southern boundary of the Union Pacific Railroad right-of-way, thence west along said southern boundary of the Union Pacific Railroad right-of-way, to a point that is the boundary line of the city limits of Fort Worth and the city limits of Arlington, thence south along the boundary line of the city limits of Fort Worth and Arlington to its intersection with East Rosedale Street. On the South: Beginning at the intersection of the joint boundary line of the city limits of Fort Worth and Arlington and East Rosedale Street, thence west along East Rosedale Street to its intersection with the northbound frontage road of Interstate Highway 820 East, thence north along the northbound frontage road of Interstate Highway 820 East to the intersection with the northern boundary of the Union Pacific Railroad right-of-way, thence west along said northern boundary of the Union Pacific Railroad right-of-way to the intersection with Weiler Boulevard. On the West: Beginning at the intersection of the northern boundary of the Union Pacific Railroad right-of-way and Weiler Boulevard, thence north along Weiler Boulevard, to East Lancaster Avenue, thence west along East Lancaster Avenue to the continuation of Weiler Boulevard, thence north along Weiler Boulevard, to the point of beginning. 5 0 .= rs.. 0 J J � O + W N QY U gOSWEII ,, I VYOI U Q, _ O = O o o NOSlIH O E N (0 00 Q ❑ m '� M C0 U n C` ch O¢ O z w 39aR14 Z Y Q Y ❑ fib'' w Z m w ' a> m m .� r CL AP SHE kaN dS 0 .8v O E N \ N N 0N r °o c=� �. C Q S ` a LLJ O � 111H3SOb to 2� O ■� O U N3bb`dM � Q O O 0 SWIW o Q O t c� U U 2 w bordw bordw _ v, m = o Z ~ `' � CD z w z w a slnol M N Wt/lIW O Z Q � m i n to �'Q NO��NGHAM ar , CO a i X81"nH Q Qw Z/j a,< m 1�-387 bH � 1"/1�/ ,� v LU co CL O A314N` A O 8Wnr1 Z W Q 1S3b03 1S3HOd Q� - Z z O0 w z 339 OW 158�G� Z Z w 31N ldH 31NAvk .. z p 31b3 O c9 W10O1`dW C) Z OZg a w 3sino-i b3SSOb _ a dOO��sb� OZ8.d003aS`v3 3SIn01 o N C%4 OZ8'HI OZ8 HI m W SN3ndHo s� Hl N Z �j 111 H)WO ¢ \V2 � W 0 c�C Y abbllOd m h O = J� , cu O M = 0 WdNlnd w m Q v r m o Z ai O NOlN dO O� 2 9 wp O Z w Sb3a`d3W p I bB�Y ry 0 0 0 D w w -�--� w > c9 0 0 � oI Abdls w _ (D o Z Cl. O413113M T- b30v.A m ? b3113M Y z U z 0 = 83113M Q S 33n4 JO d 3SOf vs m a J 1 a . .......... City of Fort Worth, Texas Mayor and Council Communication COUNCIL ACTION: Approved As Amended on 1217/2010 -Amendment is Highlighted in Yellow, Res. No. 3945-12-2010 & Ord. No. 19461-12-2010 DATE: Tuesday, December 07, 2010 REFERENCE NO.: G-17135 LOG NAME: 17NEZHANDLEYREVISE SUBJECT: Conduct a Public Hearing, Adopt a Resolution Designating the Historic Handley Area as a Neighborhood Empowerment Zone and Adopt an Ordinance for Boundary Change and Designating the Historic Handley Area as Fort Worth Neighborhood Empowerment Reinvestment Zone No. 9R (COUNCIL DISTRICT 5) RECOMMENDATION: It is recommended that the City Council: 1. Adopt the attached Resolution to designate the revised Historic Handley area as a Fort Worth Neighborhood Empowerment Zone; and 2. Conduct a public hearing concerning the designation of the revised Historic Handley area as Fort Worth Neighborhood Empowerment Reinvestment Zone No. 9R; and 3. Adopt an ordinance to designate the Historic Handley area as Fort Worth Neighborhood Empowerment Reinvestment Zone No. 9R pursuant to the Texas Property Redevelopment and Tax Abatement Act, Tax Code, Chapter 312. DISCUSSION: On May 27, 2003, (M&C G-13983) the City Council adopted Resolution No. 2950 to designate the Historic Handley area as a Neighborhood Empowerment Zone (NEZ) and adopted Ordinance No. 15569 which designated Fort Worth Neighborhood Empowerment Reinvestment Zone (FWNERZ) No. 9. Staff recommends amending the boundary to add additional property along Lancaster Avenue that is ready for redevelopment. The revised Historic Handley NEZ area was presented to the Housing and Economic Development Committee at the June 8, 2010 meeting and the Housing and Economic Development Department was directed to move forward. The proposed revised Historic Handley NEZ has a population of 3,202 persons and an area of 1.48 square miles. The proposed revised Historic Handley NEZ 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 proposed revised Historic Handley NEZ area is 36 percent within the Central City and 88 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 Logname: 17NEZHANDLEYREVISE Page 1 of 2 investment in the zone that would be a benefit to the area and that would contribute to the economic development of the City. The revised Historic Handley 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 revised Historic Handley 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 a newspaper of general circulation 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. The current revised 1IermphiWBerfy Historic Handley NEZ area is located in COUNCIL DISTRICT 5. 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 FROM Fund/Account/Centers CERTIFICATIONS: Submitted for City Manager's Office by_ Susan Alanis (8180) Originating Department Head: Jay Chapa (5804) Additional Information Contact: Sarah Odle (7316) Logname: 17NEZHANDLEYREVISE Paee 2 of 2