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HomeMy WebLinkAboutOrdinance 12254ORDINANCE NO AN ORDINANCE AMENDING ORDINANCE NO 12047 (TAX ABATEMENT REINVESTMENT ZONE NO 21) TO CORRECT SEVERAL ERRORS IN THE PROPERTY DESCRIPTION AND TO ADD ADDITIONAL PROPERTY TO THE ZONE, AND PROVIDING AN EFFECTIVE DATE. WHEREAS, Ordinance No 12047, adopted on July 18, 1995, established Tax Abatement Reinvestment Zone No 21, and '; WHEREAS, such Ordinance contained several typographical errors in the legal description of the property in Tax Abatement Reinvestment Zone No 21, and WHEREAS, it was necessary to amend the Ordinance 12047 with Ordinance No 12154 to correct errors and verify the description of the property; WHEREAS, it is necessary to amend the Ordinance again to correct errors, verify the description of the property and add additional property to the zone; NOW THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF FORT WORTH, TEXAS SECTION I. That Ordinance No 12047 be and is hereby amended by replacing Exhibit "A" of the Ordinance with a new Exhibit "A" which is attached hereto and made apart hereof SECTION II. That except as hereby amended, the provisions of Ordinance No 12047 shall remain unchanged. SECTION III. That this ordinance shall be in full force and effect from and after its passage, and it is so ordained. A PROVED AS TO l~' RM AND LEGALITY City Attorney S~ Date < < ~ ADOPTED ~l- `~" ~ ~J~ EFFECTIVE 0285528 EXHIBIT "A" ORIGINAL TOWN OF FORT WORTH Lots 22A, 22B, 23A, 23B, 24-32, 34A and 34B of Block 30 Lots lA, 1B, 2, 3A, 3B, 4A, 4B, 5A, 5B, 5C, 5D, 5E, 5F of Block 90 GILLON AND CRUMP SUBDIVISION Lots 2-8 of Block 1 Lots 3, 10, 11, 12 of Block 2 Lots 1-8 of Block 3 Lots 3B, 4A, 4B, 5A, 5B, 10, Lots 6-9 of Block 5 Lots 6-9 of Block 6 11, 12, 13A, 13B, 14A, 14B of Block 4 MOORE THORNTON AND COMPANY ADDITION Lots 1, lA, 2, 2A, of Block 19 Lots 1, lA, 2, 2A, 3, 3A, 4, 4A, 4B, of Block 20 Lots 1, 2, 2C, of Block 25 Lots 1, 2A, 2B, 3A, 3B, 4A, 4B of Block 26 Lot lA of Block 27 MOORE THORNTON STRIPS Lots lA, 1B, 1C, 2A, 2B, 2C, 2D Lots A, B, C ALSO BEING A 0 612-acre tract of land out of Block 1, NBC Warehouse site, an addition to the city of Fort Worth according to the Plat recorded in Volume 388-133, Page 2, Plat Records, Tarrant County, Texas, said 0 612-acre tract of land being more particularly described by metes and bounds as follows BEGINNING at a 1/2" iron pin found at the Northeast corner of said Block 1, said point being in the westerly right-of--way line of the Fort Worth and Denver Railroad right-of--way, said point also being in the Southeasterly right-of--way line of East Fourth Street (a variable width public right-of--way), THENCE South 02° 43' 00" West, along said railroad right-of--way, a distance of 119 39 feet to a 5/8" iron pin set; 284082.01 Pege 1 THENCE South 60° 09' 07" West, a distance of 233 63 feet to a 5/8" iron pin set at the Southeasterly corner of the right-of--way of Harding Street (a 60' wide public right-of- way), THENCE North 29° 58' 16" West, along said right-of--way line, a distance of 100 00 feet to a 1/2" iron pin found at the intersection of said Northeasterly right-of--way line and the aforementioned Southeasterly right-of--way of East Fourth Street. THENCE North 60° 02' 00" East, along said Southeasterly right-of--way line, a distance of 298 11 feet to the POINT OF BEGINNING and containing 26,659 square feet or 0 612 acres of land. ALSO 800 Block of Second Street and 800 Block of Fourth Street, each being a 60 foot wide right-of--way, and also described as Second Street between Lots 34B, Block 30, Original Town, and Lots 1 through 4, Block 1, Gillon and Crump Addition, and Fourth Street between Lots 5 through 8, Block 3, Gillon and Crump Addition, and Lots 1 and 2, Moore Thornton and Company Addition. 5-foot strip of R.O W along the south side of First Street in front of Lots 22 through 26 and Lot 34A, Block 30, Original Town of Fort Worth (approximately 430 linear feet) , 5-foot strip of R.O W along the north side of Second Street in front of Lots 27 through 32 and Lot 34B, Block 30, Original Town of Fort Worth (approximately 3601inear feet), 5-foot strip of R.O W along the south side of East Second Street in front of Lot 3, Block 2, Gillon and Crump Addition (approximately 50 linear feet), 5-foot strip of R.O W along the south side of East Second Street in front of Lots 6 and 7, Block 5, Gillon and Crump Addition and in front of Lot 1, Block 19, Moore Thornton and Company Addition (approximately 215 linear feet), 5-foot strip of R.O W along the south side of East Second Street in front of Lots 1, lA, 3, and 3A, Block 20, Moore Thornton and Company Addition (approximately 2001inear feet) 5-foot strip of R.O W along the north side of East Fourth Street in front of Lots 10, 11, 12, 13, and 14, Block 4, Gillon and Crump Addition and in front of Lots 8 and 9, Block 6, Gillon and Crump Addition (approximately 360 linear feet), 5-foot strip of R.O W along the north side of East Fourth Street in front of Lot 2C, Block 25, Moore Thornton and Company Addition (approximately 32 linear feet), 284082.01 Page 2 5-foot strip of R.O W along the north side of East Fourth Street in front of Lots 2B, 4A, and 4B, Block 26, Moore Thornton and Company Addition (approximately 150 linear feet), 5-foot strip of R.O W along the south side of East Fourth Street in front of a closed portion of Crump Street, Lots 3A, 4A, 4B, 5A, 5B, 5C; 5D, 5E and 5F, Block 90, Original Town of Fort Worth and in front of Lots lA, 1B, 1C, 2A, 2B, 2C, 2D, Moore Thornton and Company Strips and in front of Lots A, B, and C, Moore Thornton and Company Addition Strips and in front of a 0 612 acre tract of land out of the NBC Warehouse tract (approximately 880 linear feet), 5-foot strip of R.O W along the east side of Elm Street alongside Lot 1 and Lot 8, Block 3, Gillon and Crump Addition, and along a closed portion of Fourth Street (approximately 250 linear feet), 5-foot strip of R.O W along the west side of Crump Street alongside a closed portion of Fourth Street, Lot 4 and 5, Block 3, Gillon and Crump Addition and Lot 4 and 5, Block 1, Gillon and Crump Addition and along a closed portion of Second Street (approximately 530 linear feet) 5-foot strip of R.O W along the east side of Crump Street along side of Lot 14, Block 4, Gillon and Crump Addition (approximately 100 linear feet) 5-foot strip of R.O W along the west side of Harding Street in front of Lots 2 and 1, Block 25, Moore Thornton and Company Addition and Lots 1, lA, and 2, Block 19, Moore Thornton and Company Addition (approximately 319 linear feet) 5-foot strip of R.O W .along the east side of Harding Street along side of Lots 2A and 1, Block 26, Moore Thornton and Company Addition and along side of Lots 2, 2A and 1, Block 20, Moore Thornton and Company Addition (approximately 310 linear feet) 5-foot strip of R.O W along the west side of Nichols Street along side of Lots 3B and 4B, Block 26, Moore Thornton and Company Addition and along side of Lots 3A, 4, 4B, Block 20, Moore Thornton and Company Addition (approximately 345 linear feet) A portion of Elm Street, north of Third Street and west of Lot 8, Block 1, Gillon and Crump Addition A portion of the original R.O W of Third Street, south of Lots 2A, 4A, 4B, Block 20, Moore Thornton and Company Addition and west of Nichols Streets A portion of the alley R.O W in Block 1, Gillon and Crump Addition 284082.01 Pagr 3 ALSO BEING a 0 093 acre tract of land out of Block 1, NBC Warehouse Site, an addition to the City of Fort Worth according to the corrected plat recorded in Volume 388-136, Page 32, Plat Records, Tarrant County, Texas, said 0 093 acre tract of land being more particularly described by metes and bounds as follows Commencing at a 1/2" iron pin found at the northeast corner of said Block 1, said point being in the westerly right-of--way line of the Fort Worth and Denver Railroad right-of- way, said point also being in the southeasterly right-of--way line of east Fourth Street (a variable width public right-of--way), THENCE South 63° 02' 00" west, along said east Fourth Street right-of--way, a distance of 298 11 feet to a 1/2" iron pin found, THENCE South 29° 58' 16" east, a distance of 100 00 feet to a 5/8" iron pin set at the point of beginning of the herein described tract; THENCE South 29° 58' 16" east, a distance of 7 51 feet to a 5/8" iron pin set, THENCE South 60° 30' 39" west, along the face of a 15' wide concrete retaining wall a distance of 814.74 feet to a 5/8" iron pin set; THENCE North 29° 29' 21" west, a distance of 2.58 feet to a 5/8" iron pin set in the northwesterly line of the aforementioned block 1, NBC Warehouse site; THENCE North 60° 10' 41" East, along said northwesterly line, a distance of 389 68 feet to a 1/2" iron pin found, THENCE North 60° 09' 07" east, continuing along said northwesterly line, a distance of 425 O1 feet to the point of beginning and containing 4,074 square feet or 0 093 acres of land 284082.01 Page 4 ~»~ S' 3 rr ~T ~1 w - S ~~ ~ ~ $ _~J _ `~ ~aa~S uo;duteg ~ .J d I y 1 ~M ' ~aaa~g ~~~ ~ h ~ k M1 qT ~aa~S BIIipiag a~ as .1: '.. o ~' .#• ;' w •~~.. o a a _ ~ J ~_ ~aa~S ~a ~~ 0 ~ ~~'. 9 s~,9 ~~ ~~ City of Fort Wordy Texas Mayor and Council Communication 11 /14/95 ~ G11298 ~ 02LEGAL ~ 1 of 2 SUBJECT PUBLIC HEARING AND ORDINANCE TO CORRECT ERRORS IN THE LEGAL DESCRIPTION AND AMEND THE BOUNDARIES OF TAX ABATEMENT REINVESTMENT ZONE 21 RECOMMENDATION It is recommended that the City Council 1 Hold a public hearing concerning an amendment to Fort Worth Tax Abatement Reinvestment Zone Number 21, and 2 Adopt the attached ordinance which (a) corrects errors in the legal description of the zone, and (b) amends the boundaries of the zone to include additional property, and (c) designates the area as Fort Worth Tax Abatement Reinvestment Zone Number 21 pursuant to the Texas Property Redevelopment and Tax Abatement Act, Tax Code, Sections 312 001 through 312 209 as amended DISCUSSION On July 18, 1995, the City Council adopted Ordinance No 12047 which created Fort Worth Tax Abatement Reinvestment Zone Number 21 This property is under the ownership of Downtown Fort Worth Initiatives, Inc Certain errors in the legal description of the property were later corrected by the adoption of Ordinance No 12154 Since that time, the property owner has acquired additional small parcels of property which will be included in the owner's request for replat of the property These additional properties are small strips of land many of which were acquired during right-of-way vacations The newly acquired property does not increase the size of the development in terms of the number of units to be constructed or total expenditures In addition, the property owner has discovered additional errors in the legal description of the zone which require correction A final description of all properties to be included in the zone (including the additional properties and corrections mentioned above) is included as Exhibit "A" to the attached ordinance Consideration of this issue as part of today's agenda serves as a public hearing on the designation of this reinvestment zone as required by the Texas Property Redevelopment and Tax-~_. Abatement Act As required by state law, notice of this public hearing was published in the newspaper and delivered to the presiding officer of the governing body of each affected taxing unit at least seven days prior to this meeting City of Fort Worth Texas Mayor and Council Communication DATE REFERENCE NUMBER LOG NAME PAGE 11 /14/95 G11298 02LEGAL 2 of 2 SUBJECT PUBLIC HEARING AND ORDINANCE TO CORRECT ERRORS IN THE LEGAL DESCRIPTION AND AMEND THE BOUNDARIES OF TAX ABATEMENT REINVESTMENT ZONE 21 , The proposed area meets the criteria for the designation of a reinvestment zone, as required by the Tax Code, 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 In addition, 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 law) have expired FISCAL INFORMATION/CERTIFICATION The Director of Fiscal Services certifies that the adoption of this ordinance does not required the expenditure of City funds BT a Submitted for City Manager's FUND ACCOUNT CENTER AMOUNT CITY SECRETARY Office by: (to) APPROVE® Mike Groomer 6140 (~ ~ ~® ~~~ Originating Department Head: `/~~ ° NQV ~~ I Tom Higgins 6192 (from) ~ ~~ e t For Additional Information p{ I ~~ Contact: ~o~~ ~~~ City of f Paul Cain 8003 Adopted Ordinance No, -~