HomeMy WebLinkAboutOrdinance 12413
ORDINANCE NO. ~~'T1
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 N0.22; PROVIDING THAT THIS ORDINANCE SHALL BE CUMULATIVE;
PROVIDING A SEVERABII.ITY 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 residential 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 ~~a
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, residential 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 10.00 a.m. on the 19th day of December, 1995, such date being at least seven ('~ days after
the date of publication of the notice of such public hearing as required by the Tax Code; and
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WHEREAS, notice of the public hearing was delivered to the presiding officer of the governing
body of each affected taxing unit at least seven ('~ 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 22, entitled Tax Abatement Reinvestment
Zone No. 22, which shall read as follow:
DIVISION 22. TAX ABATEMENT REINVESTMENT ZONE NO. 22
Section 32-39. 43 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 hearing and having 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 22
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 commerciaVindustrial tax abatement,
with boundaries as described in Exhibit "A", and the improvements sought are feasible
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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. 44 Designation of Zone.
Pursuant to the Property Redevelopment and Tax Abatement Act, V T C.A., Tax Code,
Sections 312.001 through 312.209, the City hereby designates a reinvestment zone for residential
tax abatement encompassing the area in Exhibit "A" attached hereto, and such reinvestment zone
shall hereafter be designated as Tax Abatement Reinvestment zone No 22 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) yeazs.
Section 32-39.45 Effective date.
This division shall take effect on December 19, 1995
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 aze 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 aze severable, and, if any phrase, clause, sentence,
paragraph or section of this ordinance shall be declared unconstitutional by the valid judgment or decree
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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
Q~ ~1~~
City Attorney
~~~~/~~
Date:
ADOPTED• ~ -~~rl~
EFFECTIVE.
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TAX ABATEMENT REINVESTMENT ZONE
NUMBER 22
Exhibit "A"
The legal description of the zone is Lot 2, Block 1 of the Trinity/360 Addition
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City of Fort Wordy Texas
Mayor and Council Communication
DATE REFERENCE NQMSER LOG NAME '.PAGE
12/19/95 G11347 02PUBLIC 1 of 2
svsJECT PUBLIC HEARING AND ADOPTION OF ORDINANCE DESIGNATING THE FORT WORTH
REINVESTMENT ZONE NUMBER 22
RECOMMENDATION
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It is recommended that the City Council
1 Hold a public hearing concerning the designation of Fort Worth Tax Abatement
Reinvestment Zone Number 22, and
2 Adopt the attached ordinance which designates the Fort Worth Tax Abatement
Reinvestment Zone Number 22 pursuant to the Texas Property Redevelopment and Tax
Abatement Act, Tax Code, Sections 312 001 through 312 209 as amended.
DISCUSSION
The proposed zone is located in far east Fort Worth in the Centreport area, just south of DFW
Airport and is the site selected by Southwest Office Systems (SOS) for a new corporate office
facility SOS has submitted a tax abatement application for this project The exact boundaries
of the property are described in Exhibit A of the attached ordinance
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
property receiving abatement to be located in a reinvestment or enterprise zone
The proposed area meets the criteria for the designation of 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, the
improvements sought in the zone would be a benefit to the property and would contribute to the
economic development of the City Further, the improvements sought in the zone are feasible,
practicable and would be a benefit to the land to be included in the zone and to the City after any
tax abatement agreements which may be entered into (in accordance with state {aw) have
expired ~,,
The designation of a reinvestment zone expires after five years and may be renewed for periods
not to exceed five years
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Printed on Recycle Paper
City of Fort Worth, Texas
Mayor and Council Communication
DATB
12/19/95 RSFSRSNCS NQM88R
G11347 LOG NAME
02PUBLIC PAGE
2 of 2
svsJSC'r PUBLIC HEARING AND ADOPTION OF ORDINANCE DESIGNATING THE FORT WORTH
REINVESTMENT ZONE NUMBER 22
FISCAL INFORMATION/CERTIFICATION
The Director of Fiscal Services certifies that the adoption of this ordinance does not require the
expenditure of City funds
BT•a
t
Submitted for City Manager's FUND ACCOUNT CENTER AMOUNT CITY SECRETARY
Office by: (to)
APPROVEp
Mike Groomer 6140 C[~ 6
Originetiog Department Head:
(from)
Tom Biggins 6192 ~~~ ~~~''~/
For Additional Information c4'9 Sscre~ry oS tits
Ci
Contact: ty of Fort @4'ot~ 7exag
Paul Cain 8003
'~- Printed on Recycle Paper pdflpted Ordinance No. ,.,,..,...~