HomeMy WebLinkAboutOrdinance 11753ORDINANCE NO. 1~ /~o~-
AN ORDINANCE AMENDING THE CODE OF THE CITY OF FORT WORTH,
TEXAS (1986), AS AMENDED, BY DESIGNATING CERTAIN PROPERTY
IN TARRANT AND DENTON COUNTIES AS FORT WORTH TAX
ABATEMENT REINVESTMENT ZONE NO. 18; 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.
1401 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 by
resolution the requirements for such eligibility and entering into
a written tax abatement agreement with the owner of taxable real
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 6th day of
December, 1994, 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, notice of the public hearing was delivered to the
presiding officer of the governing body of each affected taxing
unit 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 creation 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 18, entitled Tax Abatement Reinvestment
Zone No. 18, which shall read as follows:
DIVIBION 18. TA8 ABATEMENT RI3INVF8TMENT ZONL NO. 18
Section 32-39.34. 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
heard such evidence and testimony, has made the following
findings and determinations based on the testimony and
evidence presented to it:
(a) That a public hearing on the designation of Tax
Abatement Reinvestment Zone No. 18 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",
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which is attached hereto and made a part hereof;
and
(c) That the creation 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 creation 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 benefit to the property and that
would contribute to the economic development of the
City.
Section 32-39.35. Designation of Sone.
Pursuant to the Property Redevelopment and Tax Abatement
Act, V.T.C.A., Tax Code, Sections 312.001 through 312.209, the
City hereby creates a reinvestment zone for
commercial/industrial tax abatement encompassing the area in
Exhibit "A", attached hereto, and such reinvestment zone is
hereby designated and shall hereafter be designated as Tax
Abatement Reinvestment Zone No. 18, 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 32-3.9.36 Effective date.
This division shall take effect on December 6, 1994.
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
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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.
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:
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/asst. City Attorney c1
Date : ~ ~ '- ~ " 9 7
ADOPTED • I o~ - Co - ~I
EFFECTIVE : ~ a -"~ -~T 4~
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EXHIBIT A
The proposed Fort Worth Tax Abatement Reinvestment Zone No. 18 is more accurately described
by the following:
BEING a tract of land situated in the William Bush Survey, Abstract No. 205, the Allen Henderson
Survey, Abstract No. 596, the Hamilton Survey, Abstract No. 1022, the Reyburn Survey, Abstract No.
1130, the James Eads Survey, Abstract No. 410, the Alexander McDonald Survey, Abstract No. 786,
the Benjamin Matthews Survey, Abstract No. 860, the P K. Matthews Survey, Abstract No. 865, the
Greenberry Overton Survey, Abstract No. 972, the P M. Smith Survey, Abstract No. 1170, the C.
Sutton Survey, Abstract No. 1230, the J Evans Survey, Abstract No. 396 & No. 470, the E. B -Peters
Survey, Abstract No. 1626, the A. C. Warren Survey, Abstract No 1687, the William Huff Survey,
Abstract No. 648 & No. 519, the F Cuella Survey, Abstract No. 267 & No. 2711, the T & P RR.
Survey, Abstract No. 1569, the Jose Chirino Survey, Abstract No. 265, the S T Rhodes Survey,
Abstract No. 1868, the T G A. Willis Survey, Abstract No. 1682, the M. E. P & P RR. Co. Survey,
Abstract No. 1143, the J Ashford Survey, Abstract No. 1776, the N S Creed Survey, Abstract No.
1898, the H Cox Survey, Abstract No. 386 and the William McCowen Survey, Abstract No. 999,
said tract being in Tarrant County and Denton County, Texas, and being more particularly described
by metes and bounds as follows
BEGINNING at the intersection of the southerly right-of-way line of State Highway No. 170 with the
westerly line of Union Pacific Railroad right-of-way (100 feet wide),
Thence S 25°03'34"W, 561 39 feet;
Thence N 80°00'03"W, 851 14 feet to the beginning of a curve to the right;
Thence with said curve to the right, through a central angle of 00°30'04", a radius of 1030.00 feet,
the long chord of which bears S 09°44'56"W, 9 01 feet, an arc distance of 9 01 feet;
Thence S 09°59'58"W, 435 47 feet to the beginning of a curve to the right;
Thence with said curve to the right, through a central angle of 34°52'42", a radius of 490 00 feet,
the long chord of which bears S 27°26'19"W, 293 70 feet, an arc distance of 298.28 feet to the
beginning of a curve to the right;
Thence with said curve to the right, through a central angle of 11 °07'48", a radius of 411 50 feet,
the long chord of which bears S 61 ° 17'08"E, 79 81 feet, an arc distance of 79 94 feet;
Thence S 55 °43' 13"E, 49 56 feet;
Thence S 25°03'33"W, 301 26 feet;
Thence S 00°21'03"W, 99 79 feet;
Thence S 80°00'01 "E, 567 79 feet;
Thence S 25°03'34"W, 470 23 feet;
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Thence N 89°38'56"W, 2651 03 feet;
Thence S 10°43'46"E, 136.59 feet to the beginning of a curve to the right;
Thence with said curve to the right, through a central angle of 11 °04'50", a radius of 2560 00 feet,
the long chord of which bears S 05° 11'21 "E, 494 31 feet, an arc distance of 495 08 feet;
Thence S 00°21'04"W, 163 95 feet to the beginning of a curve to the left;
Thence with said curve to the left, through a central angle of 90°00'00", a radius of 90 00 feet, the
long chord of which bears S 44°38'56"E, 127 28 feet, an arc distance of 141 37 feet;
Thence S 89°38'56"E, 2082.15 feet;
Thence S 25°03'34"W, 2443 73 feet;
Thence N 89°38'54"W, 4462.77 feet;
Thence N 00°28'32"E, 2704 93 feet;
Thence N 89°51'03"W, 485 07 feet;
Thence S 00°28'31 "W, 2703.21 feet;
Thence N 89°38'31 "W, 2915 57 feet;
Thence N 00°00'31 "W, 500.91 feet;
Thence S 87°56'15"W, 1197 35 feet;
Thence S 70°59'45"W, 147 47 feet;
Thence S 01 °48'52"E, 556 08 feet;
Thence S 87°55'57"W, 1319 02 feet;
Thence N 89°51'03"W, 19 73 feet;
Thence S 00°06'27"E, 1362 09 feet;
Thence S 00°32'03"W, 4265 64 feet;
Thence N 89°36'57"W, 3787 55 feet;
Thence N 00°06'40"W, 3486.11 feet;
Thence S 68°16'03"W, 1564 50 feet;
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Thence S 63°39'04"W, 12.43 feet;
Thence S 49°20'36"W, 71 27 feet to the beginning of a curve to the left;
Thence with said curve to the left, through a central angle of 14°33'00", a radius of 746.20 feet, the
long chord of which bears S 11 °35'02"W, 188.99 feet, an arc distance of 189 49 feet;
Thence S 85°41'29"E, 7 25 feet;
Thence S 00°40'03"W, 2409 27 feet;
Thence N 89°40'35"W, 3017 78 feet;
Thence S 00°03'18"W, 3328.24 feet;
Thence N 90°00'00"W, 560 88 feet;
Thence S 14°59'49"W, 5066 80 feet;
Thence S 89°55'45"E, 661 15 feet; ,
Thence S 00°21'11 "W, 3 94 feet;
Thence S 89°38'47"E, 778.66 feet to the beginning of a curve to the right;
Thence with said curve to the right, through a central angle of 32°53'51", a radius of 656.28 feet,
the long chord of which bears S 73°11'52"E, 371 66 feet, an arc distance of 376 82 feet;
Thence S 56°44'04"E, 236 30 feet to the beginning of a curve to the left;
Thence with said curve to the left, through a central angle of 29°23'50", a radius of 633 26 feet, the
long chord of which bears S 71 °25'59"E, 321 36 feet, an arc distance of 324 91 feet;
Thence S 00° 13'21 "W, 1223 38 feet;
Thence N 89°46'32"W, 1616.27 feet;
Thence S 89°57'29"W, 198.13 feet;
Thence S 00°01'23"W, 2270.89 feet;
Thence S 89°51'15"E, 1836.02 feet;
Thence S 17°53'49"E, 290 07 feet;
Thence S 00° 14'41 "W, 3035 70 feet;
Thence N 81 ° 15'43"W, 1837 01 feet to the beginning of a curve to the left;
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Thence with said curve to the left, through a central angle of 08°35'30", a radius of 1930 00 feet,
the long chord of which bears N 85°33'28"W, 289 14 feet, an arc distance of 289 41 feet;
Thence N 89°51'13"W, 144 21 feet;
Thence S 00°00'15"W, 3605 70 feet;
Thence S 89°59'45"E, 80 14 feet to the beginning of a curve to the left;
Thence with said curve to the left, through a central angle of 25°30'00", a radius of 1250.00 feet,
the long chord of which bears N 77°15'15"E, 551 74 feet, an arc distance of 556.32 feet;
Thence N 64°30'15"E, 1127 32 feet to the beginning of a curve right;
Thence with said curve to the right, through a central angle of 09°40'57", a radius of 2050 00 feet,
the long chord of which bears N 69°20'44"E, 346 02 feet, an arc distance of 346 44 feet;
Thence N 74°11'12"E, 325 91 feet;
Thence S 00° 13'45"E, 1463 91 feet;
Thence S 00°02'03"E, 369 67 feet;
Thence S 89°52'21 "W, 1010.94 feet;
Thence S 00°12'56"E, 2273 20 feet;
Thence N 89°31'16"E, 1000.44 feet;
Thence S 00°07'53"E, 1463 98 feet;
Thence S 89°38'34"W, 2988.74 feet;
Thence N 00°05'37"E, 1458.18 feet;
Thence N 00°02'34"E, 2289 38 feet;
Thence N 01 ° 14'44"W, 194 67 feet;
Thence N 00°01'37"W, 900.23 feet;
Thence N 00°03'04"W, 1426.02 feet;
Thence S 89°43'05"E, 610 00 feet;
Thence N 00°00'15"E, 500 00 feet;
Thence N 89°43'05"W, 610 00 feet;
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Thence N 00°02'02"E, 713 85 feet;
Thence N 00°00'25"W, 2924 39 feet;
Thence N 00°00'31 "E, 2194 62 feet to the beginning of a curve to the right;
Thence with said curve to the right, through a central angle of 14°57'13", a radius of 5554 58 feet,
the long chord of which bears N 07°29'07"E, 1445 58 feet, an arc distance of 1449 69 feet;
Thence N 14°57'44"E, 450 17 feet;
Thence N 18°32'52"E, 401.34 feet;
Thence N 14°54'18"E, 349 33 feet;
Thence N 14° 18'21 "E, 5087 12 feet;
Thence N 01 °50'44"E, 6778.23 feet;
Thence N 09°22'37"E, 2838.89 feet;
Thence N 79°20'16"W, 353 67 feet to the beginning of a curve to the right;
Thence with said curve to the right, through a central angle of 06°43'40", a radius of 2000 00 feet,
the long chord of which bears S 58°39'30"W, 234 71 feet, an arc distance of 234 85 feet, the
beginning of a curve to the right;
Thence with said curve to the right, through a central angle of 28°12'27", a radius of 325 00 feet,
the long chord of which bears S 13°57'58"E, 158.39 feet, an arc distance of 160 00 feet;
Thence N 89°51'47"W, 296.11 feet;
Thence N 00°08'15"E, 153 62 feet;
Thence S 89°51'45"E, 236.10 feet to the beginning of a curve to the left;
Thence with said curve to the left, through a central angle of 04°52'29", a radius of 1990 00 feet,
the long chord of which bears N 60°07'43"E, 169 26 feet, an arc distance of 169 31 feet;
Thence N 21 °51'45"W, 263 06 feet;
Thence S 68°08'15"W, 698.69 feet;
Thence N 87°50'56"W, 100.55 feet to the beginning of a curve to the left;
Thence with said curve to the left, through a central angle of 06°17'22", a radius of 1250 00 feet,
the long chord of which bears S 04°59'34"W, 137 14 feet, an arc distance of 137 21 feet, the
beginning of a curve to the right;
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Thence with said curve to the right, through a central angle of 88° 17'23", a radius of 90 00 feet, the
long chord of which bears S 45°59'34"W, 125 37 feet, an arc distance of 138.69 feet;
Thence N 89°51'46"W, 345 90 feet;
Thence N 09°53'11 "W, 63 44 feet;
Thence N 68°08'15"E, 498.33 feet;
Thence N 08°08'15"E, 423 78 feet;
Thence S 68°08'15"W, 132.44 feet;
Thence N 09°53'13"W, 1084 48 feet;
Thence N 80°06'47"E, 719 02 feet;
Thence N 14°48'55"E, 1320.87 feet;
Thence S 80°06'47"W, 1271 02 feet;
Thence N 09°53'13"W, 649.85 feet;
Thence N 80°06'11"E, 858.54 feet;
Thence N 09°53'13"W, 1065 29 feet;
Thence N 09°53'13"W, 589 56 feet;
Thence N 09°53'13"W, 445 15 feet;
Thence S 80°06'12"W, 898.04 feet;
Thence N 09°53'13"W; 1060 48 feet;
Thence N 80°06'47"E, 2657 36 feet;
Thence N 09°53'13"W, 790 00 feet;
Thence N 80°06'47"E, 1210.00 feet;
Thence N 09°53'13"W, 1799 61 feet;
Thence N 80°06'47"E, 463 49 feet;
Thence N 29°57'33"E, 443 50 feet;
Thence N 15°02'28"W, 424 04 feet;
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Thence N 29°57'34"E, 1238.82 feet;
Thence S 60°02'24"E, 84 30 feet;
Thence N 29°57'36"E, 69 18 feet to the beginning of a curve to the left;
Thence with said curve to the left, through a central angle of 04°28'58", a radius of 1090 00 feet,
the long chord of which bears N 51 °26'33"W, 85 26 feet, an arc distance of 85 28 feet;
Thence N 29°57'34"E, 50 19 feet;
Thence N 53°42'28"W, 301 84 feet;
Thence S 29°57'34"W, 1891 27 feet;
Thence N 60°02'26"W, 1153 98 feet;
Thence N 09°53'13"W, 1579 40 feet;
Thence N 80°06'47"E, 780 00 feet to the beginning of a curve to the right;
Thence with said curve to the right, through a central angle of 34°45'27", a radius of 1140 00 feet,
the long chord of which bears S 82°30'29"E, 681 00 feet, an arc distance of 691 56 feet;
Thence N 30°00'52"E, 233 67 feet to the beginning of a curve to the left;
Thence with said curve to the left, through a central angle of 59°41'05", a radius of 245 00 feet, the
long chord of which bears N 00°10'20"E, 243 83 feet, an arc distance of 255 22 feet;
Thence N 29°40'12"W, 193 59 feet to the beginning of a curve to the right;
Thence with said curve to the right, through a central angle of 15°42'27", a radius of 205 00 feet,
the long chord of which. bears N 21 °48'59"W, 56 02 feet, an arc distance of 56.20 feet;
Thence S 80°06'56"W, 462 63 feet;
Thence N 09°53'04"W, 72.39 feet;
Thence S 80°06'56"W, 630 65 feet;
Thence N 09°53'04"W, 170.00 feet;
Thence S 80°06'56"W, 467 00 feet;
Thence S 09°53'04"E, 575 38 feet;
Thence S 80°06'47"W, 2369 54 feet to the beginning of a curve to the right;
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Thence with said curve to the right, through a central angle of 34°48'20", a radius of 1090 00 feet,
the long chord of which bears N 82°29'03"W, 652.01 feet, an arc distance of 662.15 feet;
Thence N 24° 16' 14"E, 352.97 feet;
Thence N 25°29'59"E, 3175 47 feet;
Thence S 62°35'24"E, 321 78 feet;
Thence S 72°30'45"E, 320 51 feet;
Thence S 68°47'23"E, 343 54 feet;
Thence S 49°38'39"E, 440 88 feet;
Thence S 78° 17'58"E, 223 86 feet;
Thence S 82°08'50"E, 277 29 feet;
Thence S 44°58'14"E, 295 00 feet;
Thence S 70°29'20"E, 370.39 feet;
Thence S 70°49'43"E, 490.59 feet;
Thence S 89°27'13"E, 240.31 feet;
Thence N 62°04'49"E, 241.39 feet;
Thence N 45°38'26"E, 238.99 feet;
Thence N 31 °21'45"E, 283 14 feet;
Thence N 17°02'55"E, 113 06 feet;
Thence N 09°35'40"W , 221.28 feet;
Thence N 24°35'04"E, 117 18 feet;
1`hence N 45°42'41 "E, 193 55 feet;
Thence N 21 °46'56"E, 113 15 feet;
Thence N 01 ° 51'21 "E, 299 36 feet;
Thence S 89°14'44"E, 2894 57 feet;
Thence S 05°42'56"E, 139 76 feet;
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Thence S 86°33'08"E, 503 02 feet;
Thence S 01 ° 15'34"W , 4071 30 feet;
Thence S 00°38'52"W , 652.06 feet;
Thence S 00°35'58"W, 278.51 feet;
Thence S 78°22'27"E, 232.96 feet;
Thence S 89°32'26"E, 460.68 feet;
Thence S 00° 14'26"E, 13 34 feet;
Thence S 89°40'22"E, 1860.12 feet;
Thence S 00°36'52"E, 663 82 feet;
Thence N 89°23'07"E, 375 00 feet;
Thence N 00°36'52"W, 657 66 feet;
Thence S 89°40'22"E, 438.90 feet;
Thence N 00°04'49"E, 2603 60 feet;
Thence S 89°01'38"E, 602.58 feet;
Thence S 89°52'47"E, 1909 19 feet;
Thence S 75°04'22"E, 331 80 feet;
Thence N 89°24'37"E, 663 77 feet;
Thence S 01 °56'05"W, 777 67 feet;
Thence S 65°13'08"W, 1152.75 feet;
Thence S 08°37'55"W, 62.35 feet;
Thence S 50°32'19"E, 671 24 feet;
Thence S 21 °28'16"W, 482 93 feet;
Thence S 00°01'46"E, 377 37 feet;
Thence S 25°58'14"W, 871 51 feet;
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Thence N 89° 16'46"W, 2387 58 feet;
Thence S 00°36'40"W, 1877 00 feet;
Thence N 89°04'27"W, 2635 27 feet;
Thence N 89°30'53"W, 2459 90 feet;
Thence N 65°49'49"W, 401 21 feet;
Thence S 29°57'34"W, 1496 00 feet;
Thence S 89°30'11"W, 72.74 feet;
Thence S 00°06'33"W, 125 98 feet;
Thence S 29°57'33"E, 572 69 feet to the beginning of a curve to the right;
Thence with said curve to the right, through a central angle of 03°37'06", a radius of 2844 79 feet,
the long chord of which bears S 31 °46'06"W, 179 62 feet, an arc distance of 179 65 feet;
Thence N 60°02'06"W, 32 27 feet;
Thence S 29°57'54"W, 70 00 feet;
Thence S 60°02'01 "E, 27 04 feet;
Thence S 34°37'06"W, 363 99 feet to the beginning of a curve to the left;
Thence with said curve to the left, through a central angle of 04°32'42", a radius of 2884 79 feet,
the long chord of which bears S 32°20'45"W, 228 77 feet, an arc distance of 228 83 feet to the
beginning of a curve to the left;
Thence with said curve to the left, through a central angle of 06°45'54", a radius of 1021 14 feet,
the long chord of which bears S 36°00'29"W, 120.50 feet, an arc distance of 120 57 feet;
Thence S 29°34'07"W, 246.58 feet;
Thence S 27°25'47"W, 239 48 feet;
Thence S 29°52'36"W, 305.84 feet to the beginning of a curve to the left;
Thence with said curve to the left, through a central angle of 02°46'05", a radius of 5749 58 feet,
the long chord of which bears S 28°34'30"W, 277 73 feet, an arc distance of 277 76 feet;
Thence S 27°11'29"W, 1039 79 feet to the beginning of a curve to the left;
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Thence with said curve to the left, through a central angle of 00°39'54", a radius of 5929 58 feet,
the long chord of which bears S 26°51'32"W, 68 83 feet, an arc distance of 68.83 feet;
Thence S 13 ° 16'35"E, 616.67 feet;
Thence S 00°47'19"W, 2828.87 feet;
Thence N 89°51'35"W, 174 92 feet;
Thence S 00°03'10"W, 2341.21 feet;
Thence S 00°55'57"E, 366.82 feet;
Thence N 89°44'38"E, 2666.17 feet;
Thence N 00° 16' 12"E, 2075 32 feet;
Thence N 15°53'57"E, 120 79 feet;
Thence N 25°29'11"E, 204 78 feet;
Thence N 14°36'14"E, 114 86 feet;
Thence N 01 °31'40"E, 165 67 feet;
Thence N 89°43'16"E, 427 71 feet;
Thence S 89°09'14"E, 1147 86 feet;
Thence S 87°58'59"E, 1247 61 feet;
Thence N 89°31'02"E, 1280 34 feet;
Thence S 89°38'23"E, 1014 44 feet;
Thence N 87°00'14"E, 133 52 feet;
Thence N 86°59'53"E, 59 76 feet;
Thence N 00°13'16"E, 1241 32 feet;
Thence S 89°50'48"E, 764 44 feet;
Thence N 00° 17'36"E, 283 64 feet;
Thence N 89°50'52"E, 1693 88 feet;
Thence N 00°02'51 "W, 766.30 feet;
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Thence S 89°31'02"E, 712.71 feet;
Thence S 00°28'32"W , 427 43 feet;
Thence S 89°31'25"E, 274 50 feet;
Thence N 00°28'32"E, 427 39 feet;
Thence S 89°31'05"E, 487 84 feet;
Thence S 89°30'51 "E, 324 63 feet;
Thence N 00°26'27"W, 381 63 feet;
Thence N 23°38'31 "E, 346.27 feet;
Thence N 85°16'34"E, 175 21 feet;
Thence S 89°30'37"E, 304 45 feet;
Thence S 89°30'32"E, 305 93 feet;
Thence N 00°42'30"E, 2335.81 feet;
Thence N 00°36'58"E, 1520.38 feet;
Thence S 89°23'01 "E, 1096.64 feet;
Thence N 00°36'58"E, 750.00 feet;
Thence N 89°23'02"W, 1100 00 feet;
Thence N 00°36'56"E, 21 43 feet;
Thence S 89°46'18"E, 1684 77 feet;
Thence N 00° 15'20"W, 1623 32 feet;
Thence N 90°00'00"E, 1033 53 feet;
Thence S 00°17'46"E, 162745 feet;
Thence S 89°46'18"E, 1424 97 feet;
Thence S 01 ° 13'44"W, 1652.27 feet;
Thence S 88°46'16"E, 3942 39 feet;
12
"~
Thence S 25°03'33"W, 673 47 feet;
Thence S 25°03'34"W, 663 81 feet to the POINT OF BEGINNING, containing 4881 20 acres of land
of which 463 95 acres are within streets, SAVE AND EXCEPT the following
All of Lot 1, Block 9, The Northport Addition, an addition to the City of Fort Worth as recorded in
Cabinet "A", Slide No. 597, Tarrant County Plat Records, containing 1 01 acres of land, more or less.
and
BEING 1 06 acres of land situated in the Thomas Walden Survey, Abstract No. 1921, Tarrant County,
Texas and being described as follows
COMMENCING at the northeast corner of the East tract of land as described by deed to Sunbelt
Savings Association and recorded in Volume 9028, Page 784, County Records, Tarrant County,
Texas, being in the-south line of Keller-Haslet Road,
Thence S 89°49'56"E, 132.43 feet to the POINT OF BEGINNING,
Thence S 00°04'09"W, 180 94 feet;
Thence N 84°50'25"W, 304 95 feet to a point in the east right-of-way line of I-35W,
Thence N 10°41'10"E, 80 feet, along said east right-of-way line;
Thence N 48°04'59"E, 113 feet, continuing along said east right-of-way line to a point in the south
line of Keller-Haslet Road;
13
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Thence S 89°49'56"E, 205 feet to the POINT OF BEGINNING and containing 1 06 acres of land
LEAVING A NET AREA OF 4415 18 ACRES OF LAND, MORE OR LESS
At the hearing, interested persons are entitled to speak and present evidence for or against the
designations, the boundaries of the proposed reinvestment zone and the concept of tax abatement.
For additional information, contact Paul Cain, Office of Economic Development, 1000
Throckmorton, Fort Worth, Texas (telephone (817) 871-8003)
Alice Church
Ciry Secretary
Ciry of Fort Worth
14
City of Fort Wordy Texcis
Mayor and Council Communication
DATI~ REFERSNCB NUMSFdR LOG NAbi)S PAG13
12/06/94 10899 02ZONE18 1 of 2
SUBJECT PUBLIC HEARING AND ORDINANCE DESIGNATING THE FORT WORTH
REINVESTMENT ZONE NUMBER EIGHTEEN
RECOMMENDATION
It is recommended that the City Council
1 Hold a public hearing concerning the designation of Fort Worth Tax Abatement
Reinvestment Zone Number 18, and
2 Adopt the attached ordinance which designates the Fort Worth Tax Abatement
Reinvestment Zone Number 18 pursuant to the Texas Property Redevelopment and Tax
Abatement Act, Tax Code, Sections 312 001 through 312 209 as amended
DISCUSSION
The proposed zone includes numerous parcels of property in north Fort Worth which are under
the ownership of several limited partnerships, for which Hillwood Holding Corporation is the
general partner The exact boundaries of the property are more fully described by metes a.nd
bounds in Exhibit A of the attached ordinance
This public hearing for the designation of this reinvestment zone is required by the Texas
Property Redevelopment and Tax Abatement Act 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
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, 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 law) have
expired
The designation of a reinvestment zone expires after five years and may be renewed for periods
not to exceed five years
Prior to entering into a tax abatement agreement on property outside the boundaries of a state
enterprise zone, the Act requires a municipality to designate a reinvestment zone
-~1 Printed on recycled paper
City of Fort Worth, Texas
Mayor and Council Communication
DATE
12/06/94 REFERENCE NUMBER
(',-i~$~ LOG NAME
02ZONE18 PAGE
2 of 2
SUBJECT PUBLIC HEARING AND ORDINANCE DESIGNATING THE FORT WORTH
REINVESTMENT ZONE NUMBER EIGHTEEN
FISCAL INFORMATION/CERTIFICATION
The Director of Fiscal Services certifies that the adoption of this ordinance does not require the
expenditure of City funds
BT I
Submitted for City Manager's FUND ACCOUNT CENTER AMOUNT CITY SECRETARY
Office by: (to)
Mike Groomer 6140
pp `!
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~D
Originating Department Head: r r
Y
CI~
CITY COt~N
Tom Higgins 6192 (from) ~
~~~~
~~~
For Additional Information „ • . d~
Contact: ~ OY ~
Paul Cain 8003 ~ ~~ }ap=t @90ai4t, Tet;Bs
=~ Printed on recycled paper