HomeMy WebLinkAboutOrdinance 13967ORDINANCE NO ~I ~ ~~~
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 NO 32, 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 commercialjindustrial 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 its adoption of
City Resolution No 2379, for the City of Fort Worth 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 12th day of
October, 1999, 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,
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Article III, a new Division 32, entitled Tax Abatement
Reinvestment Zone No 32, which shall read as follows
DIVISION 32. TAX ABATEMENT REINVESTMENT ZONE NO. 32
Section 32-39.79 Findings and Determinations.
The facts and recitations cont.
this ordinance are hereby found and
correct The City, after conducting
heard such evidence and testimony,
findings and determinations based
evidence presented to it
pined
decl
such
has
on
in the preamble of
ared to be true and
hearings and having
made the following
the testimony and
(a) That a required hearing on the designation of Tax
Abatement Reinvestment Zone No 32 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
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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 32-39.80 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 32, City of Fort Worth, Texas The designation of this
zone expires five (5) years after the effective date of this
division and may be renewed for periods not to exceed five
(5) years
Section 32-39.81 Effective date.
This division shall take effect on October 12, 1999
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
-4-
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
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
GGL~
Assistant City orney
Date ~~ " ~~
ADOPTED ~ O
EFFECTIVE ~~ " ~ a- `~
-5-
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~~~~~
Exhibit A
Legal Description Of Property
Being a portion of the 43 956 acres conveyed Bell Helicopter Company by the deed
recorded in Volume 4031, Page 155 of the Deed Records of Tarrant County, Texas and
encompassing all of Tract A, Bell Helicopter Industrial Park, an addition to the Crty of Fort
Worth as recorded in Volume 388-49, Page 65 of the Plat Records of Tarrant County,
Texas, and more particularly described by metes and bounds as follows
BEGINNING at the Northwest corner of aforesaid Tract A, lying in the East right of way
line of Norwood Drrve at the intersection of the South right of way line of the C.R.I. and
G Railroad,
THENCE S 85°24'00"E 972 97 feet along said railroad right of way to an iron rod in the
East line of the 25 foot wide sanitary sewer easement conveyed to the City of Fort Worth
by the deed recorded in Volume 4116, Page 141 of the Deed Records of Tarrant County,
Texas,
THENCE along the East Line of said Easement as follows
1 S 29°52'00"E 266 63 feet to an iron rod for a corner;
2. S 02°52'00"E 343 88 feet to an iron rod for a corner;
3 S 22°06'00"E 121 69 feet to an iron rod for a corner
4 S 04°18'00"W 104 85 feet to an iron rod for a corner
5 S 10° 10'00"E 224 61 feet to an iron rod for a corner in North line of the
120 foot nght of way of Trmrty Boulevard,
THENCE S 89°10'00"W 197 83 feet along the North right of way line of said Trinity
Boulevard to an iron rod for a corner at the intersection of the East line of the 80 foot-right
of way of Norwood Drive as shown on the plat recorded in Volume 388-49, Page 65 of the
Plat Records of Tarrant County, Texas,
THENCE N 00°01'00"E 108.50 feet along the East Right of way line of said
Norwood Drive to the Place of Beginning.
City of Fort Worth, Texus
~1-~Ayar And ~aunc~l ~ammun~cAt~an
DATE REFERENCE NUMBER LOG NAME PAGE
10/12/99 G-12694 02ZONE32 1 of 2
SUBJECT PUBLIC HEARING AND ORDINANCE DESIGNATING FORT WORTH TAX ABATEMENT
REINVESTMENT ZONE NUMBER 32
RECOMME
It is recommended that the City Council
1 Hold a public hearing concerning the designation of Fort Worth Tax Abatement Reinvestment Zone
Number 32, and
2 Adopt the attached ordinance which designates Fort Worth Tax Abatement Reinvestment Zone
Number 32 pursuant to the Texas Property Redevelopment and Tax Abatement Act, Tax Code,
Chapter 312
DISCUSSION
The proposed zone is located in the Bell Helicopter manufacturing plant development in east Fort
Worth The exact boundaries of the property are described in Exhibit A of the attached ordinance. Bell
Helicopter-Textron has selected this site for the construction of a manufacturing facility associated with
development of the V-22 Osprey The property owner has submitted a tax abatement application for
the facility that is to be operated at this site
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 investment in the zone that would be a benefit to the property and that
would contribute to the economic development of the City In addition, improvements sought in the
zone would benefit the property and would contribute to the economic development of the City
Further, the improvements sought in the zone are feasible, practicable and would benefit the land to be
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
M,Ayor And Council CammunicAtion
DATE
10/12/99 REFERENCE NUMBER
G-12694 .LOG NAME
02ZONE32 PAGE
2 of 2
SUBJECT PUBLIC HEARING AND ORDINANCE DESIGNATING FORT WORTH TAX ABATEMENT
REINVESTMENT ZONE NUMBER 32
FISCAL INFORMATION/CERTIFICATION
The Finance Director certifies that the adoption of this ordinance does not require the expenditure of
City funds.
MG k
Submitted for City Manager's FUND ACCOUNT CENTER AMOUNT CITY SECRETARY
Office by: (to)
ED
Mike Groomer 6122 APPROV
Originating Department Head: CITY COUNCIL
Tom Higgins 6192 (from) ~ ~ j ~ 2 1999
Additional Information Contact: "'°-4 ~~~ J
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Jay Chapa 8003 , Tbxas
Cit7 of Fort Wort
Adopted Ordinance No. 7