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OR 2002-1021 Reinvestment Zone No. 39 (Texas Dugan/Uline) ORDINANCE NO. 2002-1021 AN ORDINANCE OF THE CITY OF COPPELL, TEXAS, DESIGNATING REINVESTMENT ZONE NO. 39 (TEXAS DUGAN/ULINE); PROVIDING ELIGIBILITY OF THE ZONE FOR COMMERCIAL-INDUSTRIAL TAX ABATEMENT; CONTAINING FINDINGS THAT THE AREA QUALIFIES TO BE DESIGNATED AS A REINVESTMENT ZONE AND THE IMPROVEMENTS SOUGHT ARE FEASIBLE AND PRACTICABLE AND OF BENEFIT TO THE LAND AND THE CITY; PROVIDING A SEVERABILITY CLAUSE; PROVIDING A REPEALING CLAUSE; AND PROVIDING AN EFFECTIVE DATE. WHEREAS, the City Council of the City of Coppell, Texas, has caused notice to be published in a newspaper having general circulation in the City and has delivered such notice to the presiding officer of the governing body of each taxing unit that includes in its boundaries real property described herein; and WHEREAS, the City Council of the City of Coppell, Texas, has conducted a public hearing on the designation of the area described herein as a reinvestment zone; NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF COPPELL, DALLAS COUNTY, TEXAS THAT: SECTION 1: That the City Council of the City of Coppell, Texas finds that the area described herein will, if designated as a reinvestment zone, be reasonably likely to contribute to the retention or expansion of primary employment, or to attract major investment in the zone that will be of benefit to the property and contribute to the economic development of the City. The City Council further finds that the improvements sought are feasible and practicable and would be of benefit to the land to be included in the zone and to the City after the expiration of a tax abatement agreement. SECTION 2. That pursuant to the provisions of Section 312.201 of the Texas Tax Code, the property described in Exhibit "A" attached hereto and made a part hereof for all purposes is hereby designated as a reinvestment zone and for identification is assigned the name "Reinvestment Zone No. 39." Page 1 47890 SECTION3. That the property within Reinvestment Zone No. 39 is eligible for commercial-industrial tax abatement effective on January 1, 2002. SECTION 4. If any article, paragraph or subdivision, clause or provision of this ordinance shall be adjudged invalid or held unconstitutional, the same shall not affect the validity of this ordinance as a whole or any part or provision thereof, other than the part so decided to be invalid or unconstitutional. SECTION 5. That all provisions of ordinances of the City of Coppell, Texas, in conflict with the provisions of this ordinance be, and the same are hereby, repealed, and all other provisions not in conflict with the provisions of this ordinance shall remain in full force and effect. SECTION 6. This ordinance shall take effect immediately from and after its passage, as the law and charter in such cases provide. DULY PASSED by the City Council of the City of Coppell, Texas, on the 12Tth day of November, 2002. CANDY SHEEHAN, MAYOR ATTEST: LIBBY BALL, CITY SECRETARY APP~ ROBERT E. HAGGER, CITY ATTORNEY (PGS/NBB/si 10/31/02~ Page 2 47890 STATE OF TEXAS QWN£R'S CERTIFICATE COUNTY OF DALLAS WHEREAS, Texas Dugan, Limited Partnemhlp Is the owner of a 11.855 acre tr(3ct of land situated in the John Vest Survey, Abstract No. 1508, Dallas County, Texas; said tract being a portion of Lot 2, Block A. Duke-Freeport Addition. an addition to the City of Coppell, Texas according to the plat recorded In Volume 2001065, Page 0.]7 of the Deed Records Oallas County, Texas; s(31d 11.855 acre tract being more particularly described as follows; COMMENCING, et a point at the Intersectlo~ o~ the no~.h line of Bethol Road (a variable width right-of- way, 90 feet wide at this point) and the west right-of--way llne of Freeport Parkway (a variable width right- of-way. 154 feet wide at this point); said point being the southeast corner of said Lot 2; THENCE. northedy, along the said west line of Freeport Parkway, the following five calls; North O0 degrees, 50 minutes, 15 seconds East, a distance of 113.55 feet to the beginning of a curve to the Hght whose center bears South 89 degrees, 29 minutes, 45 seconds East, a distance of 260.00 feet from said point; In a northerly, direction, along said tangent curve to the right, through a central angle of 12 degrees, 54 minutes, 41 seconds, an arc distance of 57.08 feet, on a chord bearing and distance of Nod:h 06 degrees, 47 minutes, 35 seconds East, 56.96 feet to the beginning of a point of reverse curvature to the left whose center bears North 76 degrees. 55 minutes, 04 seconds West. a distance of 240.00 feet from sold polnt; In a northerly dlrectian, along said reverse curve to the left, through a central angle of 12 degrees, 54 minutes, 41 seconds, an arc distance of 52.69 feet, o~ a chord bearing and distance of North 06 degrees, 47 minutes, 55 seconds East. 52.58 feet to a point at the end of said curve; Nor~d~ O0 degrees. 30 minutes, 15 seconds East, o distance of 80.I5 feet to the beginning of a curve to the left whose center bears No~th 89 degrees, 29 minutes. 45 seconds West, a distance of 1501.12 feet from said point; In a northedy direction, along said tangent curve to the left, thro~Jgh a central angle of 20 degrees, 55 minutes, 55 seconds, an arc distance of 475.34 feet. on o chord bearing and distance of North 09 degrees, 57 minutes, 43 seconds West, 4.72,70 feet to (3 1/2-Inch Iron rod with 'Pacheco Koch' cap set at the POINT OF' BEGINNING; THENCE, South 54 degrees, 04 minutes, 54 seconds West, departing said west line of Freeport Parkway, o distance of 382.30 feet to (3 1/2-inch iron rod with 'Pacheco Koch' cap set for comer;. THENCE, North 89 degrees, 29 minutes. 45 seconds West, a distance of 450.68 feet to a 1/2-inch iron rod with 'Pocheco Koch' cap set for comer;, THENCE, South 47 degrees. 34. minutes, 19 seconds West, o dlstance of 25.10 feet to o 1/2-Inch Iron rod wlth 'Pacheco Koch' cap set for comer;, THENCE, North 89 degrees, 29 minutes. 45 seconds West, o distance of 25.39 feet to (3 1/2-1nch iron rod with 'Pacheco Koch' cop set for corner;, THENCE, North O0 degrees, 30 minutes, 15 seconds East, a distance of 791.73 feet to a 1/2-inch iron rod with 'Pacheco Koch' cap set for comer;, THENCE, South 89 degrees, 29 minutes, 45 seconds East, a distance of 110.40 feet to o 1/2-inch iron rod with 'Pacheco Koch' cap set for comer; THENCE, North 66 degrees. 51 minutes, 54 seconds East, o distance of 50.25 feet to a 1/2-inch iron rod with 'Pacheco Koch' cap set for comer;, THENCE, North 31 degrees, 15 mlnutes, O0 seconds East, (3 dlstonce of 122.16 feet to a 1/2-inch iron rod with 'p~checo Koch' cap set fo~ comer in the sold we~t line of Freeport Parkway and on (3 curve left whose center bears North 31 degrees, 15 minutes, O0 seconds East a distance of 1411,12 feet from sold point; THENCE, in southeasterly (3 direction along the said-we~t line and said curve to the left. through a central angle of O0 degrees, 48 minutes, 58 seconds, an arc distance of 19.97 feet, on a chord bearing and distance of South 59 degrees, 09 minutes, 20 seconds East, 19.97 feet to o 1/2-Inch iron rod with 'Pocheco Koch' cap set et o point of reveres curvature to the right whose center bear~ South 50 degrees, 26 minutes, 21 seconds West, o distance of 1301.12 feet from said pain t; THENCE, In o sauthe(3sterly direction, along saki west line and said revise curve to the right, through o central angle of 39 degrees, 07 minutes, 58 seconds, on arc distance of 888.66 feet, on a chord bearing and distance of South 39 degrees, 59 minutes, 40 seconds East. 871.49 feet to the POINT 0~' BEGINNING; CONTAINING, 515,551 ~quore feet or 11.835 ~a'es of land, more or lees.