HomeMy WebLinkAboutOrdinance 11288r
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ORDINANCE N0. J
AN ORDINANCE AMENDING THE CODE OF THE CITY OF FORT
WORTH, TEXAS (1986), AS AMENDED, BY DESIGNATING A 4.834
ACRE PARCEL OF LAND OUT OF U. WUTHERICR SURVEY, ABSTRACT
N0. 1693, TARRANT COUNTY, TEXAS, AS THE FORT WORTH TAX
ABATEMENT REINVESTMENT ZONE N0. 13; PROVIDED THAT THIS
ORDINANCE SHALL BE CUMULATIVE; PROVIDING A SEVERABILITY
CLAUSE; PROVIDING FOR ENGROSSMENT AND ENROLLMENT; 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 held at 10:00 a.m. on the 30th day of
March, 1993, 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
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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 (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 13, entitled Tax Abatement Reinvest-
ment Zone No. 13, which shall read as follows:
DIVISION 13. TAX ABATEMENT REINVESTMENT ZONE NO. 13
Section 32-39.19. 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. 13 has
been properly called, held and conducted and
that notices of such hearing have been pub-
lished as required by law and delivered to
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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 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 cre-
ation 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 employ-
ment 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 32-39.20. 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 creates a reinvestment
zone for commercial/industrial tax abatement encom-
passing the area described in Exhibit "A", attached
hereto, and such reinvestment zone is hereby designated
and shall hereafter be designated as Tax Abatement
Reinvestment Zone No. 13, 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 32-39.21. Effective date.
This division shall take effect on March 30, 1993.
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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 ordi-
nances 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, sen-
tence, 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.
The City Secretary of the City of Fort Worth is hereby
directed to engross and enroll this ordinance by copying the
caption and effective date in the minutes of the City Council and
by filing the ordinance in the ordinance records of the City.
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SECTION 5.
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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City Attor y
Date : ~j~ ~/~
ADOPTED:~~'~~~~
EFFECTIVE:_ _~~~~~~''~
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EXHIBIT "A"
Page 1 of i
The proposed Fort Worth Tax Abatement Reinvestment Zone No. 13 is
a 4.834 acre tract of land out of the U. Wuthrick Survey and is
more particularly described by metes and bounds as follows:
BEGINNING at an iron pin in the West line of Cravens Road, said
point being be deed 910.89 varas South and 12.5 varas
West of the Northeast corner of said U. Wuthrick
Survey;
THENCE South along the West line of Cravens Road 300.0 feet to
an iron pin for corner;
THENCE West 757.0 feet to an iron pin in the Easterly R.O.W.
line of Loop 820;
THENCE North 24 degrees- 46' east along said R.O.W. line 345..4
feet to an iron pin for corner;
THENCE South 88 degrees- 43' East 612.5 feet to the POINT OF
BEGINNING and containing 210.555 square feet or 4.834
acres.
w1ASTER FI~E~I'
ACCOUNTING•2 cry of Fort ~ortl~, Texas
TRANSPORTATION~PUBLIC wORKS~
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ENGINEERING
[CONOMIC DEVELOPME~~23~93 ~ ----- ---~----- G-10103 ~ ~ ~~~ 02N0B ~ ~ ~~~ 1 of 2
~I,,.1 SUBJECT PUBLIC HEARING AND ORDINANCE DESIGNATING THE FORT WORTH TAX ABATEMENT
~~~~ `` REINVESTMENT ZONE NUMBER 13 ,
(Yt:
RECOMMENDATION:
It is recommended that the City Council:
1. Hold a public hearing concerning designation of the Fort Worth Tax Abatement
Reinvestment Zone No. 13, and
2. Adopt the attached ordinance which designates the Fort Worth Tax Abatement
Reinvestment Zone No. 13 pursuant to Texas Property Redevelopment and Tax
Abatement Act, Tax Code, Sections 3.12.001 through 312.209, as amended.
DISCUSSION:
The site of the proposed zone is Conti Industries at 3200 S. Cravens Road.
Consideration of this issue as a part of today's agenda serves as public hearing on the
designation of a reinvestment zone as required by the 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 7 days prior to this meeting as required by state law.
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 .are feasible and practical 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 in accordance with state law have expired.
The designation of a reinvestment zone expires after 5 years and may be renewed for
periods not to exceed 5 years.
The Code requires a city to designate a zone prior to entering into a tax abatement
agreement.
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City of Fort L~orth, Texas
Mayor and Council Communication
DATE
03/23/93 REFERENCE NUMBER
G-10103 LOG NAME
02N0B PAGE
2 of 2
SUBJECT PUBLIC HEARING AND ORDINANCE DESIGNATING THE FORT WORTH
REINVESTMENT ZONE NUMBER 13 TAX ABATEMENT
FISCAL INFORMATION/CERTIFICATION:
No City funds are required for this action.
BT:b
Submitte for City Manager's FUND ACCOUNT CENTER AMOUNT CITY SECRETARY
Office by to APPROVED
Mike Groomer 6140 CITY COUNCIL
Or groat ng Department Nead:
P dd rrt ° ,a~3 J~a2
Ado to i ance o
from
Tom Higgins 6192 Q~,~ ~~E,/
For A d i t i onal Information City Sac»tarp of tt-o
of Fort Worth, Texas
Cit
Contact q
Paul Cain 8003
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{~ Printed on recycled paper