HomeMy WebLinkAboutResolution 4317-04-2014 A Resolution
NO. 4317-04-2014
RENEWAL OF THE OAKLAND CORNERS
NEIGHBORHOOD EIVIPOWERMENT 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 January 6, 2009, the Council approved the creation of the Oakland
Corners NEZ and Fort Worth Neighborhood Empowerment Reinvestment Zone
(FWNERZ) No. 36; and
WHEREAS, it is being proposed that the Oakland Corners NEZ be renewed as
shown on Exhibit A; and
WHEREAS, the Council finds that the renewal of the Oakland Corners 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 86% within the Community Development Block Grant eligible area; and
WHEREAS, the Council finds that the creation of the Oakland Corners NEZ
benefits and is for the public purpose of increasing public health, safety and welfare; and
WHEREAS, the council finds that the Oakland Corners NEZ satisfies the
requirements of Section 312.02 of the Tax Code; and
WHEREAS, the Council finds that the proposed renewal of the Oakland Corners
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 Oakland Corners NEZ is hereby renewed as set forth in Exhibit A,
F WORT
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Resolution No. 4317-04-2014
Oakland Corners Neighborhood Empowerment Zone & Oakland Corners Neighborhood
Empowerment Reinvestment Zone No. 36.
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 Oakland Corners NEZ area renewal.
Section 4. J'he designation shall expire on April 21, 2024.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF FORT WORTH, TEXAS:
Adopted this 22nd clay of April, 2014.
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Mary K4ar, City"'Secretary
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EXHIBIT A
Fort Worth Neighborhood Empowerment Reinvestment Zone No. 36
Oakland Corners
General Description
The property to be designated as Fort Worth Neighborhood Empowerment Reinvestment Zone
No. 36 for tax abatement purposes contains 875 acres of land and is described below:
A parcel of land out of the Perry Anderson Survey, Abstract Number 32, the Ephraim M.
Daggett Survey, Abstract Number 431, the William Mann, Abstract Number 996, the William R.
McFaddin Survey, Abstract Number 1076, the J. L. Purvis Survey, Abstract Number 1228, the
John Ringer Survey, Abstract Number 1287, the J. W. Sublett Survey, Abstract Number 1409,
the Juan Armendaris Survey, Abstract Number 1773, Tarrant County, Texas, situated South 70
degrees East, 2.8 miles, from the Courthouse in Fort Worth, and being more particularly
described by meets and bounds as follows to wit:
BEGINNING at the intersection of the centerlines of the Union Pacific Railroad, and Beach
Street;
THENCE with the centerline of Beach Street, NORTH, 2362 feet, to its intersection with the
south right-of-way of Interstate Highway Number 30;
THENCE with said right-of-way, the following courses and distances; North 84 degrees 27
minutes East, 104 feet; North 74 degrees 29 minutes East, 744 feet; and, North 78 degrees 47
minutes East,129 feet, to its intersection with a line 35 foot east of the west line of Lot 10, Block
17, Sycamore Heights Addition, according to plat thereof recorded in Volume 309, Page 11, of
the Plat Records of Tarrant County, Texas;
THENCE with a line 35 foot east of and parallel with said west line, SOUTH, some 338 feet, to
the northwest corner of that certain parcel of land described by deed to Robert Greer, Jr., by deed
recorded in Volume 15961, Page 308, of the Deed Records of Tarrant County, Texas, said corner
being 201 feet, north of the north right-of-way of Scott Street, according to said plat;
THENCE with the north line of said Greer Parcel, to and along the north line of that certain
parcel of land described by deed to Dorothy Jean Callahan., by deed recorded in Volume 15632,
Page 443, of the Deed Records of Tarrant County, Texas, EAST, 150 feet, to the northeast corner
of said Callahan Parcel;
THENCE with the east line of said Callahan Parcel, SOUTH, 86 feet, to its intersection with the
projection of the north line of that certain parcel of land described by deed to Edward Yauger, by
deed recorded in Volume 3949, Page 450, of the Deed Records of Tarrant County, Texas;
THENCE EAST, to and along the north line of said Yauger Parcel, and to and along the north
line of that certain parcel of land described by deed to Cash Mortgage Corporation, by deed
recorded in Volume 13859, Page 551, of the Deed Records of Tarrant County, Texas, 245 feet,
to its northeast comer;
THENCE with the east line of said Cash Mortgage Corporation Parcel, SOUTH, 5 feet, to the
northwest comer of that certain parcel of land described by deed to Cash Mortgage Corporation,
by deed recorded in Volume 13859, Page 547, of the Deed Records of Tarrant County, Texas
THENCE with the north line of said Cash Mortgage Corporation Parcel, EAST, 50 feet, to the
west line of that certain parcel of land described by deed to Cash Mortgage Corporation, by deed
recorded in Volume 13859, Page 549, of the Deed Records of Tarrant County, Texas
THENCE with the west line of said Cash Mortgage Corporation Parcel, NORTH,
10.2 feet, to its northwest corner;
THENCE with the north line of said Cash Mortgage Corporation Parcel, EAST, 50 feet, to its
northwest corner, and to its intersection with a line 30 foot east of the west line of Lot 15, Block
17, of said Sycamore Heights Addition;
THENCE with a line 30 foot east of and parallel with said west line, SOUTH, some 192 feet, to
the centerline of Scott Avenue;
THENCE with the centerline of Scott Avenue, the following courses and distances; EAST, 354
feet; North 75 degrees East, 44 feet; to its intersection with the west line of Lot 20, Block 17, of
said Sycamore Heights Addition; and, EAST, 100 feet, to its intersection with the east line of Lot
20, Block 17, of said Sycamore Heights Addition;
THENCE with the east line of said Lot 20, SOUTH, 496 feet, to its intersection with the
centerline of Young Street;
THENCE with the centerline of Young Street., EAST, 446 feet, to its intersection with the
centerline of Barron Street;
THENCE with the centerline of Barron Street, SOUTI 1, 406 feet, to its intersection with the
centerline of View Street-,
THENCE with the centerline of View Street, the following courses and distances; EAST, 1354
feet; North 83 degrees 48 minutes East, 2331 feet; and EAST, 173 1, feet, to its intersection with
the centerline of Ayers Avenue;
2
THENCE with the centerline Ayers Avenue, SOUTH, 448 feet, to its intersection with the
centerline of Meadowbrook Drive;
THENCE with the centerline of Meadowbrook Drive, the following courses and distances; South
86 degrees 33 minutes East, 133 feet; South 76 degrees 51 minutes East, 901 feet; North 61
degrees 54 minutes East, 503 feet; North 58 degrees 35 minutes East, 1214 feet; and EAST, 2780
feet, to its intersection with the centerline of Edgewood Terrace;
THENCE with the centerline of Edgewood Terrace, SOUTH, 4030 feet, to its intersection with
the centerline of the Union Pacific Railroad;
THENCE with the centerline of the Union Pacific Railroad, the following courses and distances;
South 85 degrees 38 minutes West, 5003 feet; South 88 degrees 37 minutes West, 100 feet;
North 83 degrees 19 minutes West, 100 feet; North 83 degrees 55 minutes West, 100 feet; North
83 degrees 37 minutes West, 100 feet; North 82 degrees 21 minutes West, 100 feet; North. 82
degrees 31 minutes West, 100 feet; North 80 degrees 30 minutes West, 100 feet; North 70
degrees 51 minutes West, 100 feet; North, 69 degrees 24 minutes West, 100 feet; North 70
degrees 10 minutes West, 100 feet; North 67 degrees 29 minutes West, 100 feet; North 65
degrees 23 minutes West, 100 feet; North 64 degrees 42 minutes West, 100 feet; North 64
degrees 05 minutes West, 100 feet; North 61 degrees 44 minutes West, 100 feet; North 58
degrees 00 minutes West, 3672 feet; North 53 degrees 46 minutes West, 100 feet; North 53
degrees 37 minutes West, 100 feet; North 53 degrees 12 minutes West, 100 feet; North 55
degrees 38 minutes West, 100 feet; North 55 degrees 43 minutes West, 100 feet; North 55
degrees 02 minutes West, 100 feet; North 56 degrees 33 minutes West, 100 feet; North 60
degrees 36 minutes West, 100 feet; North 62 degrees 32 minutes West, 100 feet; North 63
degrees 53 minutes West, 100 feet; North 67 degrees 01 minutes West, 100 feet; North 66
degrees 43 minutes West, 100 feet; North 71 degrees 56 minutes West, 100 feet; North 71
degrees 07 minutes West, 100 feet; North 73 degrees 20 minutes West, 100 feet; North 74
degrees 48 minutes West, 100 feet; North 78 degrees 01 minutes West, 100 feet, and North 80
degrees 21 minutes West, 100 feet, to the Place of Beginning, and containing some 875 acres or
1.37 square miles of land, more or less.
This description prepared by Hans Kevin Hansen, RPLS 9 4786, in October and November
2008.
Bearings and distances, per cited instruments, and Oakland Cot-tiers NEZ map dated April, 2008,
prepared by the City of Fort Worth, Planning and Development Department.
"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."
At the hearing, interested persons are entitled to speak or present evidence for or against the
designation of the property as Fort Worth Neighborhood Empowerment Reinvestment Zone No.
36, the boundaries of the reinvestment zone, and/or the concept of tax abatement.
3
For additional information, contact Sarah Odle by telephone at 81.7-392-7316 or in writing at the
Housing and Economic Development Department, City of Fort Worth, 1000 Th.rockmorton
Street, Fort Worth, Texas 76102.
4
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Prepared On:December 15,2090
Legend N
COPYRIGHT 2010 CITY OF FORT WORTH UNAUTHORIZED REPRODUCTION IS A VIOLATION OF APPUCABLE LAWS.
THIS DATA IS TO BE USED FOR AGRAPHICAL REPRESENTATION ONLY.THE ACCURACY IS NOT TO BE TAKEN 1
USED AS DATA PRODUCED FOR ENGINEERING PURPOSES OR BY AREGIS TERED PROFESSIONAL LAND
Neighborhood Empowerment Zone SURVEYOR. THE CITY OF FORT WORTH ASSUMES NO RESPONS IBIUTY FOR THE ACCURACY OF SAID DATA
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Mayor and Council Communication
on
-App on 412212014 - Ordinance No. 21218-04-2014 '
- -`�� '- -
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No. 4317-04-2014
DATE: Tuesday, April 33. 3U14 REFERENCE NC}.: G-18196
LOG NAME: 17NEZOAKLANOCORNERSNERZ
SUBJECT:
Conduct a Public Hearing, Adopt Resolution Re-Designating the Oakland Corners Area as a Neighborhood
Ennpovve[nl8Dt Zone and Adopt Ordinance Re-Designating Fort Worth Neighborhood Empowerment
Reinvestment Zone No. 35 (COUNCIL DISTRICTS 5 and 8)
RECOMMENDATION:
|tiS recommended that the City Council,
1. Conduct @ public hearing regarding the re-designation of the Oakland Corners area Fort Worth
Neighborhood EOOpOvYe[O)en1 Reinvestment Zone NO. 30. pursuant to the Texas Property Redevelopment
and Tax Abatement Act, Tax Code Chapter 312;
2. Adopt the attached resolution to re-designate the Oakland Corners area as a Neighborhood
Empowerment Zone; and
3. Adopt the attached ordinance re-designating the Oakland Corners area as Fort Worth Neighborhood
Empowerment Reinvestment Zone No 36, pursuant to the Texas Property Redevelopment and Tax
Abatement Act, Tax Code, Chapter 312
DISCUSSION:
On April 35. 2000. (K/I&C G-12897) the City Council approved the Policy Statement OD the creation of
Local Neighborhood Empowerment Zone (NEZ) aDd amended it on December 7, 2010 /M&C G-17133\' in
accordance with Chapter 378 of the Texas Lnoo| Government Code. The City Council also authorized the
City Manager to identify neighborhood areas that may be eligible for NEZ designation and tDdevelop
administrative procedures for the NEZProgram.
The NEZAdminist[adVB Procedures were adopted by the City COUOCi| on October 3. 2000 (M&C G-
13030) and amended on May 15. 2007 and December 7. 2010 t0 initiate improved program
requirements. The procedures included two methods by which a NEZ may be designated:
1. City Council designation; or
2. A neighborhood sponsor application process.
On May 31. 3013' (Resolution No. 4209-U5-3013' M&CG-17BO1) the City Council elected tOb0 eligible 1O
participate in tax abatements and has established guidelines and criteria governing Tax Abatement
Agreements entered into by the Qty and various third parties, as authorized by and in accordance with
Chapter 313of the Texas Tax Code.
On January 6, 2009. (M&C (]-104D8) the City Council adopted Resolution No 3704to designate the
Oakland Corners area as a Neighborhood Empowerment Zone (NEZ) and adopted Ordinance No. 18425
vVhiChdesigO@tedthe8naaaaFortVVorthNe|ghbOdhOOdEmpovvennentReinveatrneOtZoUe (FVVNERZ)
N0. 36.
The Oakland Corners NEZ will be re-clesignated NEZ by the City Council upon the adoption of the
Resolution attached to this Mayor and Council Communication. The area within the Oakland Corners
NEZ is also being re-clesignated as Fort Worth Neighborhood Empowerment Reinvestment Zone No. 36
(FWNERZ), pursuant to the Texas Property Redevelopment and Tax Abatement Act, Tax Code, Chapter
512so that tax abatements may be granted within the designated area.
The main boundaries of the re-designated Oakland Corners NEZ and the FVVNEF|Z are:
• View Street and K8e8dOvvbrOVkDrive on the north�
• Beach Street on the vvest�
• Union Pacific Railroad nnthe south; and
• Edgmvvood Terrace onthe e8SL
The re-designated Oakland Corners NEZ and the FVVNERZ have a population Vf0.494 persons, is135
miles in size and meets the following designation requirements under the City's NEZpolicy:
• Promotes the creation 0f quality affordable housing in the zone;
• Is 100 percent within the Central City and 86 percent of the proposed NEZ area is Community
Development Block Grant (CL)BG) eligible;
• Is considered distressed based on census data on population, socio-clemographics and other
factors;
• Meets the :ht8ha for Reinvestment Zone designation in that the area, is reasonably |ih8|y as a
result of the designation to contribute 0J the retention or expansion of primary employment or to
attract major inveEtrneMtiDtheZon9th8tvvOu|dbeabanefitt0the property, and that would
contribute to the eCOOnmiC development of the City.
Staff recommends re-designating the Oakland Corners NEZ and renewing the Reinvestment Zone
designation to promote further development in the Oakland Corners area, The public hearing notice was
published inthe On April 4. 2O14
The Oakland Corners NEZ and the FVVNERZ are located in COUNCIL DISTRICTS 5 and 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 FROM Fund/Account/Centers
CERTIFICATIONS:Submitted for Cily Manager's Office by:
Fernando Costa (5122)
JQyCh8pa (5804)
Originating Department Head: Cynthia Garcia (8187)
Additional Information Contact: Sarah Odle (7315)