HomeMy WebLinkAboutOrdinance 14130ORDINANCE NO
AN ORDINANCE AMENDING THE CODE OF THE CITY OF FORT
WORTH, TEXAS (1986), AS AMENDED, BY DESIGNATING CERTAIN
PROPERTY IN TARRANT COUNTY AS FORT WORTH TAX ABATEMENT
REINVESTMENT ZONE N0. 35, PROVIDING THAT THIS ORDINANCE
SHALL BE CUMULATIVE, PROVIDING A SEVERABILITY CLAUSE;
AND PROVIDING FOR AN EFFECTIVE DATE.
WHEREAS, the City Council of the City of Fort Worth, Texas
("City"), desires to promote the development or redevelopment of a
certain contiguous geographic area within its jurisdiction by the
creation of a reinvestment zone for commercial/industrial tax
abatement, as authorized by the Property Redevelopment and Tax
Abatement Act, V T C A Tax Code, Chapter 312, as amended; and
WHEREAS, the City Council has elected by City Resolution No
2379 to become eligible to participate in tax abatement; and
WHEREAS, the Property Redevelopment and Tax Abatement Act
further provides that property within a reinvestment zone may be
eligible for, inter alia, commercial/industrial tax abatement,
subject to the governing body of the municipality establishing
guidelines and criteria for such eligibility and entering into a
written tax abatement agreement with the owner of taxable real
and/or personal property that is located in the reinvestment zone,
and
WHEREAS, a public hearing in a regularly scheduled meeting
before the City Council was opened at 7 00 p m on the 21st day of
March, 2000, such date being at least seven (7) days after the
date of publication of the notice of such public hearing as
required by the Tax Code; and
WHEREAS, written notice of the public hearing was delivered
to the presiding officer of the governing body of each affected
taxing unit (that includes in its boundaries the real property
that is to be included in the proposed reinvestment zone) at least
seven (7) days before the date of the public hearing, and
WHEREAS, the City, at such hearing, invited all interested
persons or their representatives to appear and speak for or
against the designation of the proposed reinvestment zone, the
boundaries of the proposed reinvestment zone, whether all or part
of the territory described in this ordinance should be included in
such proposed reinvestment zone, and the concept of tax abatement;
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE
CITY OF FORT WORTH, TEXAS
SECTION 1
That the Code of the City of Fort Worth, Texas (1986), as
amended, is hereby amended by adding to Chapter 32, Taxation,
Article III, a new Division 35, entitled Tax Abatement
Reinvestment Zone No 35, which shall read as follows
DIVISION 35 TAX ABATEMENT REINVESTMENT ZONE NO 35
Section 32-39 70 Findings and Determinations
The facts and recitations contained in the preamble of
this ordinance are hereby found and declared to be true and
correct. The City, after conducting such hearings and having
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heard such evidence and testimony, has made the following
findings and determinations based on the testimony and
evidence presented to it
(a) That a required hearing on the designation of Tax
Abatement Reinvestment Zone No 35 has been
properly called, held and conducted and that
notices of such hearing have been published as
required by law and delivered to all taxing units
overlapping the territory inside the proposed
reinvestment zone; and
(b) 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,
and
(c) That the designation of the reinvestment zone for
commercial/industrial tax abatement, with
boundaries as described in Exhibit "A", and the
improvements sought are feasible and practical and
will be a benefit to the land included in the zone
and to the City after the expiration of any Tax
Abatement Agreement entered into under V T C.A.,
Tax Code, Section 312 204; and
(d) That the reinvestment zone as described in Exhibit
"A" meets the criteria for the designation of a
reinvestment zone as set forth in V T C.A., Tax
Code, Section 312 202, as amended, in that it 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 City
Section 32-39 71 Designation of Zone.
Pursuant to the Property Redevelopment and Tax
Abatement Act, V T.C.A Tax Code, Chapter 312, the City
hereby designates a reinvestment zone for commercial/
industrial tax abatement encompassing the area in Exhibit
"A", attached hereto, and such reinvestment zone shall
hereafter be designated as Tax Abatement Reinvestment Zone
No 35, City of Fort Worth, Texas. The designation of this
zone expires five (5) years after the effective date of this
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division and may be renewed for periods not to exceed five
(5) years.
Section 32-39 72 Effective date
This division shall take effect on March 21, 2000
SECTION 2.
This ordinance shall be cumulative of all provisions of
ordinances and of the Code of the City of Fort Worth, Texas
(1986), as amended, except where the provisions of this ordinance
are in direct conflict with the provisions of such ordinances and
such Code, in which event conflicting provisions of such
ordinances and such Code are hereby repealed.
SECTION 3
It is hereby declared to be the intention of the City Council
that the sections, paragraphs, sentences, clauses and phrases of
this ordinance are severable, and, if any phrase, clause,
sentence, paragraph or section of this ordinance shall be declared
unconstitutional by the valid judgment or decree of any court of
competent jurisdiction, such unconstitutionality shall not affect
any of the remaining phrases, clauses, sentences, paragraphs and
sections of this ordinance, since the same would have been enacted
by the City Council without the incorporation in this ordinance of
any such unconstitutional phrase, clause, sentence, paragraph or
section
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SECTION 4
This ordinance shall take effect and be in full force and
effect from and after its passage, and it is so ordained.
APPROVED AS TO FORM AND LEGALITY•
Assis nt City At ey
Date ~~~a /~L,
ADOPTED : _~ ~ ~'
EFFECTIVE. ~~-a l -~D
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EXHIBIT A I. /`~
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LEGAL DESCRIPTION FOR REINVESTMENT ZONE #35
FIRST TRACT
BEING 30 446 acres of land located in the John Edmonds Survey, Abstract No 457,
Tarrant County Texas, and being the same 30 44 acres conveyed to Superior Continental
Corporation by deed recorded m Volume 4569, Page 966 of the Deed Records of Tarrant
County, Texas. Said 30 446 acres being more particularly described by metes and bounds
as follows.
BEGINNING at the Southeast corner of the aforementioned 30 44 tract, being located by
deed call as follows
COMMENCING at a nail in County Road No 4046, said point being the Northwest corner
of the 262.7 acre tract of land, recorded in Volume 4511, Page 200, Tarrant County, Texas,
said point being situated 4,513 9 feet South and 1,304.2 feet East of the Northwest corner
of the John Edmond Survey, Abstract No 457,
THENCE SOUTH 00 deg. 04 Minutes West 1,970 4 feet;
THENCE SOUTH 89 deg. 48 Minutes East 1,335 0 feet;
THENCE SOUTH 1,978 6 feet;
THENCE SOUTH 89 deg. 34 Minutes East 1,975 08 feet
to the PLACE OF BEGINNING and the Southeast corner of said 30 44 acre tract, being a
concrete monument in the West R.O W line of the Texas & Pacific Railroad,
THENCE NORTH 07 deg. 45 Minutes East 1,287 85 feet along the West R.O W line
of the Texas & Pacific Railroad to a concrete monument for the Northeast corner of tract;
THENCE NORTH 89 deg. 34 Minutes West 1,120.27 feet to a concrete monument for
the Northwest corner of tract;
THENCE SOUTH 00 deg. 26 Minutes West 1,277.37 feet to a concrete monument for
the Southwest corner of tract;
THENCE SOUTH 89 deg. 34 Minutes East 955.28 feet to the place of Beginning.
SECOND TRACT
BEING 30 012 acres, more or less, out of the John Edmonds Survey, Abstract No 457,
Tarrant County, Texas, and being the same tract of land conveyed to Superior Continental
Corporation by Deed recorded m Volume 4858, Page 603 of the Deed Records of Tarrant
County, Texas. Said 30 012 acres being more particularly described by metes and bounds
as follows.
BEGINNING at the Southwest corner of a tract heretofore conveyed to Superior
Continental Corporation by deed recorded in volume 4569, Page 966, Deed Records of
Tarrant County, Texas, reference to which is hereby made for all purposes.
Page 1 of 2
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THENCE NORTH 00 deg. 26 Minutes East along the West boundary line of said tract
heretofore conveyed to Superior Continental Corporation to a concrete monument at its
Northwest corner, a distance of 1277.37 feet;
THENCE NORTH 89 deg. 34 Minutes West 1,028 1 feet to a concrete monument for a
corner;
THENCE SOUTH 00 deg. O1 Minutes West along a fence line 1,277 4 feet to a set
stone for a corner;
THENCE SOUTH 89 deg. 34 Minutes East along a fence line 1,018 8 feet to the place
of beginning, containing 30 012 acres of land.
Page 2 of 2
City of Fort Worth, Texas
M,,A~oe and Counc~! ComntunicAtion
DATE I REFERENCE NUMBER LOG NAME PAGE
3/21/00 G-12848 02235 1 of 2
SUBJECT PUBLIC HEARING AND ORDINANCE DESIGNATING THE FORT WORTH TAX
ABATEMENT REINVESTMENT ZONE NO 35
RECOMMENDATION
It is recommended that the City Council
1 Hold a public hearing concerning the designation of Fort Worth Tax Abatement Reinvestment Zone
No 35, and
2 Adopt the attached ordinance which designates Fort Worth Tax Abatement Reinvestment Zone No
35 pursuant to the Texas Property Redevelopment and Tax Abatement Act, Tax Code, Chapter
312
DISCUSSION
The proposed zone is located in north Fort Worth The exact boundaries of the property are described
in Exhibit A of the attached ordinance Siecor Operations, LLC, is considering this site for an office and
manufacturing space expansion Siecor has submitted a tax abatement application for the proposed
expansion
This public hearing is required by the Texas Property Redevelopment and Tax Abatement Act (the Act)
Notice of this 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 this meeting The Act requires the property
receiving abatement to be located in a reinvestment or enterprise zone
The proposed area meets the criteria for the designation of a reinvestment zone, 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 investments in the zone to benefit the property and to contribute to the
economic development of the City Further, the improvements sought in the zone are feasible,
practicable and would benefit the land included in the zone and the City after any tax abatement
agreements which may be entered into (in accordance with state law) have expired
The- designation of a reinvestment zone expires after five years and may be renewed for periods not to
exceed five years
City of Fort Worth, Texas
~11~A~ar And Caunc~l Cainn~un~cAt~an
DATE
3/21/00 REFERENCE NUMBER
G-12848 LOG NAME
02235 PAGE
2 of 2
SUBJECT PUBLIC HEARING AND ORDINANCE DESIGNATING THE
ABATEMENT REINVESTMENT ZONE NO 35 FORT WORTH TAX
FISCAL INFORMATION/CERTIFICATION
The Finance Director certifies that the adoption of this ordinance does not require the expenditure of
City funds.
MG'j
Submitted for City Manager's FUND ACCOUNT CENTER AMOUNT CITY SECRETARY
Office by: (to)
APPROVFp
Mike Groomer 6140 ^
Originating Department Head: ~
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Tom Higgins 6192 (from) MAR
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Additional Information Contact: ~ t~e.••~a/
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Ardina Washington 8003
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Adopted Ordinance No. 1~.s~