HomeMy WebLinkAboutResolution 4233-08-2013 A Resolution
NO. 4233-08-2013
RENEWAL OF THE RIVERSIDE
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 August 19, 2003, the Council approved the creation of the
Riverside NEZ and Fort Worth Neighborhood Empowerment Reinvestment Zone
(FWNERZ) N,o. 11; and
WHEREAS, it is being proposed that the Riverside NEZ be renewed as shown on
Exhibit A; and
WHEREAS, the Council finds that the renewal of the Riverside 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 Riverside NEZ benefits and
is for the public purpose of increasing public health, safety and welfare; and
WHEREAS, the council finds that the Riverside NEZ satisfies the requirements of
Section 312.02 of the Tax Code; and
WHEREAS, the Council finds that the proposed renewal of the Riverside 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 Riverside NEZ is hereby renewed as set forth in Exhibit A,
�ORTWOM
Resolution No.4233-08-2013
Riverside Neighborhood Empowerment Zone & Riverside Neighborhood Empowerment
Reinvestment Zone No. 11 .
Section 3. The Council adopts all basic incentives as described in the
Neighborhood Empowerment Zone Basic Incentives (M&C G-17901) and as amended for
the Riverside NEZ area renewal.
Section 4. The designation shall expire on August 19, 2023.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF FORT WORTH, TEXAS:
Adopted this20th day of August, 2013.
ATTEST:
By:
—----—------
Mary Kaysej�4i y S �cre�tary
............
EXHIBIT A
Fort Worth Neighborhood Empowerment Reinvestment Zone No. 11
Riverside
General Description
The area to be re-designated as Fort Worth Neighborhood Empowerment Reinvestment Zone
No. 11, for tax abatement purposes contains 1.4 square miles of land and is within the area
described below:
On the North: Beginning at the intersection of the West Fork of the Trinity River and State
Highway 121, thence east along the eastbound State Highway 121 to the intersection of
eastbound State Highway 121 and the eastbound frontage road of State Highway 121, thence
east along the eastbound frontage road of State Highway 121 to the intersection of the
eastbound frontage road of State Highway 121 and Fairview Street, thence north along
Fairview Street under State Highway 121 to the intersection with the frontage road of the
westbound State highway 121 and Fairview Street, thence east along the frontage road of the
westbound State Highway 121 to its intersection with Harper Street, thence north along Harper
Street to its intersection with Maurice Avenue, thence west along Maurice Avenue to its
intersection with West Beach Street, thence north along West Beach Street to its intersection
with Maurice Avenue, thence west along Maurice Avenue to its intersection with Sylvania Park
Drive, thence north along Sylvania Park Drive to its intersection with East Belknap Street,
thence southwest along East Belknap Street to its intersection with Seaman Street, thence north
along Seaman Street to its intersection with Clary Avenue, thence west along Clary Avenue to
its intersection with Eagle Drive, thence north along Eagle Drive to its intersection with Yucca
Avenue, thence east along Yucca Avenue to its intersection with Seaman Street, thence north
along Seaman Street to its intersection with Marigold Avenue, thence east along Marigold
Avenue to its intersection with North Beach Street, thence south along North Beach Street to its
intersection with East Belknap Street, thence northeast along East Belknap Street to its
intersection with Parrish Road, thence east along Parrish Road to its intersection with Kings
Highway.
On the East: Beginning at the intersection of Parrish Road and Kings Highway, thence south
along Kings Highway to its intersection with the frontage road of the westbound State Highway
121, thence southwest along the frontage road of the westbound State Highway 1.21 to its
intersection with Beach Street, thence south along Beach Street to its intersection with Lawnwood
Street.
On the South: Beginning at the intersection of Beach Street and Lawnwood Street, thence west
along Lawnwood Street to its intersection with Gross Street, thence south along Gross Street to
the southeast corner of L,ot 11, Block 20, Page East Side #2, as recorded in Volume 309, Page 3
of the Tarrant County Plat Records, thence west along the length of the southern property lines of
Lots 1 1 through 1, Block 20, Page East Side #2 to the southwest corner of Lot 1, Block 20, Page
East Side #2, as recorded in Volume 309, Page 3 of the Tarrant County Plat Records. Thence
continuing west across De Costa Street to the southeast corner of Lot 8, Block 19, Page East Side
#2, as recorded in Volume 309, Page 3 of the Tarrant County Plat Records, thence continuing
west along the southern property lines of Lots 8 through I, Block 19, Page East Side #2 to the
southwest corner of Lot 1, Block 19, Page East Side #2, as recorded in Volume 309, Page 3 of the
Tarrant County Plat Records, thence continuing west across Brandies Street to the southeast
corner of Lot 15, Block 68, Riverside Addition, as recorded in Volume 204-A, Page 114 of the
Tarrant County Plat Records. Thence continuing west along the southern property lines of Lots
15, 14, 13, 12, 11 10, 9R, 7R, 6, 5, 4, 3, 2, and 1, Block 68, Riverside Addition, to the southwest
corner of Lot 1, Block 68, Riverside Addition, as recorded in Volume 204-A, Page 114 of the
Tarrant County Plat Records, thence continuing west across Denair Avenue to the southeast
corner of Lot 14, Block 67, Riverside Addition, as recorded in Volume 204-A, Page 114 of the
Tarrant County Plat Records, thence continuing west along the southern property lines of Lots 14
through 9, Block 67, Riverside Addition, to the southwest corner of Lot 9, Block 67, Riverside
Addition, as recorded in Volume 204-A, Page 114 of the Tarrant County Plat Records, thence
north along the western property line of I.ot 9, Block 67, Riverside Addition, to Lawnwood
Street, thence west along Lawnwood Street to the northeast corner of Lot 1 R, Block 65, Riverside
Addition, as recorded in Volume 388-70, Page 6 of the Tarrant County Plat Records, thence south
along the eastern property line of Lot 1 R, Block 65, Riverside Addition, to the southeast corner of
Lot 1 R, Block 65, Riverside Addition, thence west along the southern property line of Lot 1 R,
Block 65, Riverside Addition, to the northeast corner of Lot 1, Block 72R, Riverside Addition, as
recorded in Volume 388-132, Page 80 of the Tarrant County Plat Records, thence south along the
eastern property line of Lot 1, Block 72R, Riverside to the southeast corner of Lot 1, Block 72R,
Riverside Addition, thence west along the southern property line of Lot 1, Block 72R, Riverside
Addition, to the southwest corner of Lot 1 block 72R, Riverside Addition, thence continuing west
to the intersection of Swayne Avenue and Ennis Avenue, thence continuing west along Ennis
Avenue to the northeast corner of Lot 1 R, Block. IA, Adams Mary Heirs Subdivision, as recorded
in Volume 388-107, Page 21 of the Tarrant County Plat Records, thence south along the eastern
property line of Lot 1R, Block IA, Adarns Mary Heirs Subdivision, thence west along the
southern property line of Lot 1R, Block IA, Adams Mary Heirs Subdivision, to the northeast
corner of Lot 1.0, Lincoln Place, as recorded in Volume 1627, Page 351 of the Tarrant County Plat
Records. Thence south along the eastern property Line of Lot 10, Lincoln Place to the southeast
corner of Lot 10, Lincoln Place, as recorded in Volume 1.594, Page 475 of the Tarrant County Plat
Records, thence continuing south across East 12th Street to the northeast corner of Lot 11, Lincoln
Place, as recorded in Volume 1594, Page 475 of the Tarrant County Plat Records, thence south
along the eastern property line of Lot 11, Lincoln Place to the northeast corner of Lot 9, Carver
Place, as recorded in Volume 1594, Page 475 of the Tarrant County Plat Records, thence
continuing south along the eastern property line of Lot 9, Carver Place, to the southeast corner of
Lot 9, Carver Place, thence continuing south across Finley Street to the northeast corner of Lot
IOR, Carver Place, as recorded in Volume 1594, Page 475 of the Tarrant County Plat Records,
thence continuing south along the eastern property lines of Lot IOR and 32, Carver Place, to the
southeast corner of Lot 32, Carver Place, as recorded in Volume 9631, Page 244 of the Tarrant
County Plat Records, thence continuing south across VanHorn Street to the northeast corner of
2
Lot 33, Carver Place, as recorded in Volume 1594, Page 475 of the Tarrant County Plat Records,
thence continuing south to the southeast corner of Lot 33, Carver Place, thence east along the
northern property line of Lot 1, Block 1, Material Control Subdivision, as recorded in Volume
00109, Page 0072 of the Tarrant County Plat Records, to the northeast corner of Lot 2, Block 1,
Material Control Subdivision, as recorded in Volume 00159, Page 0026 of the Tarrant County
Plat Records, thence south along the eastern property line of Lot 2, Block 1, Material Control
Subdivision, to the northeast corner of Tract 24, Waller, Benjamin E Survey, as recorded in
Volume 005244, Page 0477 of the Tarrant County Deed Records, thence continuing south along
the eastern property line of Tract 24, Waller, Benjamin E Survey, to the northeast corner of Lot 1,
Block 1, Adams Heirs Subdivision, as recorded in Volume A, Page 877 of the Tarrant County
Plat Records, thence continuing south along the eastern property line of Lot 1, Block 1, Adams
Heirs Subdivision to the northeast corner of Tract 21, Waller Benjamin E Survey, as recorded in
Volume 005244, Page 0477 of the Tarrant County Deed Records, thence continuing south along
the eastern property line of Tract 21, Waller Benjamin E Survey, to the southeast corner of Tract
21, Waller Benjamin E Survey, thence continuing south to the west fork of the Trinity River to its
intersection with Riverside Drive, thence continuing west along the West Fork of the Trinity
River to its intersection with Sylvania Court.
On the West: Beginning at the intersection of Sylvania Court and the West Fork of the Trinity
River, thence north along the West Fork of the Trinity River to its intersection with State
Highway 121, which is also the point of beginning.
3
Riverside Neighborhood Empowerment Zone
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Legend N Prepared On;December 16,2010
COPYRIGHT 2010 CITY OF FORT WORTH UNAUTHORIZED REPRODUCTION IS A VIOLATION OF APPLICABLE LAWS.
THIS DATA IS TO BE USED FOR AGRAPHICAL REPRESENTATION ONLY.THE ACCURACY IS NOT TO BE TAKEN/
Nei
(ryhbofiood Empowerment Zone USED AS DATA PRODUCED FOR ENGINEERING PURPOSES OR BY A REGISTERED PROFESSIONAL LAND
g Y SURVEYOR.THE CITY OF FORT WORTH ASSUMES NO RESPON SIBIUTY FOR THE ACCURACY OF SAID DATA
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City of Fort Worth, Texas
Mayor and Council Communication
............."w
COUNCIL ACTIONt,Approved on 8/20/2013 -Resolution No 4233-08-2013 and 208824&-,,"
2013 ,
DATE: Tuesday, August 20, 2013 REFERENCE NO.: G-17985
LOG NAME: 17NEZRIVERSIDERENEW
SUBJECT:
Conduct a Public Hearing, Adopt Resolution Redesignating the Riverside Area as a Neighborhood
Empowerment Zone and Adopt Ordinance to Redesignate the Riverside Area as Fort Worth Neighborhood
Empowerment Reinvestment Zone No. 11 (COUNCIL DISTRICTS 4 and 8)
RECOMMENDATION:
It is recommended that the City Council:
1. Adopt the attached Resolution to redesignate the Riverside area as a Neighborhood Empowerment
Zone;
2. Conduct a public hearing to redesignate the Riverside area as Fort Worth Neighborhood
Empowerment Reinvestment Zone No. 11; and
3. Adopt the attached ordinance to redesignate the Riverside area as Fort Worth Neighborhood
Empowerment Reinvestment Zone No. 11, pursuant to the Texas Property Redevelopment and Tax
Abatement Act, Tax Code, Chapter 312.
DISCUSSION:
On August 19, 2003, (M&C G-14059) the City Council adopted Resolution No. 2984 to designate the
Riverside area as a Neighborhood Empowerment Zone (NEZ) and adopted Ordinance No. 15645 which
designated the area as Fort Worth Neighborhood Empowerment Reinvestment Zone (FWNERZ) No. 11.
The Riverside NEZ has a population of 8,265 persons and an area of 1.4 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 Riverside 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: 17NEZRIVERSIDERENEW Pagel of
The Riverside 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 Riverside 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 Riverside NEZ and renewing the Reinvestment Zone designation in
order to further promote development in the Riverside area.
The Riverside NEZ area is located in COUNCIL DISTRICTS 4 and 8.
FISCAL INFORMATION CERTIFICATION:
The Financial Management Services Director certifies that this action will not increase the total
appropriations of City funds.
.......... .....................
FUND CENTERS:
TO Fund/Account/Centers FROM Fund/Account/Centers
CERTIFICATIONS:
Submitted for City Manager's Office by: Fernando Costa (6122)
Originating Department Head: Cynthia B. Garcia (8187)
Additional Information Contact: Sarah Odle (7316)
...................
Logname: 17NEZR.IVERSIDERENEW Page 2 oft