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OR 2002-1022 Investment Zone No. 40 (Texas Dugan/The Container Store) ORDINANCE NO. 2002-1022 AN ORDINANCE OF THE CITY OF COPPELL, TEXAS, DESIGNATING REINVESTMENT ZONE NO. 40 (TEXAS DUGAN/THE CONTAINER STORE); 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. 40 (Texas Dugan/The Container Store)." SECTION3. That the property within Reinvestment Zone No. 40 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 12TH day of APPROV~'~/~z~ ROBERT HAGGER, CITY ATTORNEY (PGS/si/~I 11/5/02) ~ APPROVF~: /n CANDY SHEEHAN, MAYOR ATTEST: LIBBY BALL, CITY SECRETARY 2 49967 PROPOSED LOT 1R, BLOCK A DUKE-FREEPORT ADDITION John Vest Survey, Abstract No. 1508, City of Coppell, Dallas County, Texas DESCRIPTION, of a 52.566 acre tract of land situated in the John Vest Survey, Abstract No. 1508, County of Dallas, State of Texas; said tract being a portion of that same tract of land as conveyed in Warranty Deed to Texas Dugan Limited Partnership, recorded in Volume 2000251, Page 2675 of the Deed Records of Dallas County, Texas; said tract being a portion of Lot 1, Block A, Duke-Freeport Addition, an addition to the City of Coppell, Texas, recorded in Volume 2001065, Page 00037, of the Deed Records of Dallas County, Texas; said 52.566 acre tract being more particularly described as follows; BEGINNING, at a point in the intersection of the south right-of-way line of Ruby Road (a variable width right- of-way) and the west right-of-way line of Coppell Road (a 60 foot right-of-way), said point being the northeast corner of said Lot 1; THENCE, South 00 degrees, 27 minutes, 49 seconds West, departing said south line of Ruby Road and along said west line of said Coppell Road and the east line of said Lot 1, a distance of 962.81 feet to a 1/2- inch iron rod with "Pacheco Koch" cap found for corner; said point also being the northeast corner of Lot 4, Block A, Duke-Freeport Addition, an addition to the City of Coppell, Texas, recorded in Volume 2001134, Page 00074, of the Deed Records of Dallas County, Texas; THENCE, North 89 degrees, 29 minutes, 45 seconds West, along the north line of said Lot 4, passing at a distance of 1464.35 feet a 1/2 iron rod with "Pacheco Koch" cap found for the northwest corner of said Lot 4; said point also being the northeast corner of a Drainage Easement as recorded by instrument in Volume 2001098, Page 02943, of the Deed Records of Dallas County, Texas; continuing along the north line of said drainage easement in all a distance of 1769.89 feet to a 1/2" iron rod with "Pacheco Koch" cap found; said point being the beginning of a curve to the left whose center bears South 00 degrees, 30 minutes, 15 seconds West, at a distance of 65.50 feet from said point; THENCE, southwesterly, along said north line of Drainage Easement and curve to the left, through a central angle of 59 degrees, 14 minutes, 33 seconds, an arc distance of 67.73 feet, on a chord bearing and distance of South 60 degrees, 52 minutes, 59 seconds West, 64.75 feet to a 1/2 inch iron rod with "Pacheco Koch" cap set for corner at the end of said curve; THENCE, South 31 degrees, 15 minutes, 42 seconds West, along said north line of Drainage Easement, a distance of 104.69 feet to a 1/2 inch iron rod with "Pacheco Koch" cap set; said point being in the east line of Freeport Parkway (a 110 foot Right of Way), said point being said point being the beginning ora curve to the right whose center bears, North 31 Degrees, 15 Minutes, 42 Seconds East, a distance of 1301.12 feet from said point; THENCE, northerly along the said east line of Freeport Parkway the following four courses & distances; Northerly along the said curve to the right, through a central angle of 48 degrees, 16 minutes, 14 seconds, an arc distance of 1096.17 feet on the chord bearing and distance of North 34 degrees, 36 minutes, 11 seconds West, 1064.03 feet to a 1/2-inch iron rod with "Pacheco Koch" cap set at the end of the said curve; said point being the beginning of compound a curve to the right whose center bears, North 79 degrees, 31 minutes, 56 seconds East, a distance of 240.00 feet from said point; Northerly along the said compound curve to the right, through a central angle of 15 degrees, 14 minutes, 29 seconds, an arc distance of 63.84 feet on the chord bearing and distance of North 02 degrees, 50 minutes, 50 seconds West, 63.65 feet to a 1/2-inch iron rod with "Pacheco Koch" cap set at the end of the said curve; said point being the beginning of a reverse curve to the left whose center bears, North 85 degrees, 13 minutes, 35 seconds West, a distance of 260.00 feet from said point; Northerly along the said reverse curve to the left, through a central angle of 10 degrees, 22 minutes, 26 seconds, an arc distance of 47.08 feet on the chord bearing and distance of North 00 degrees, 24 minutes, 48 seconds West, 47.01 feet to a 1/2-inch iron rod with "Pacheco Koch" cap set at the end of EirRIBI? ".~' Proposed Lot 1R, Block A Duke-Freeport Addition Page 2 the said curve; said point being the beginning of a reverse curve to the right whose center bears, North 84 degrees, 23 minutes, 58 seconds East, a distance of 1289.12 feet from said point; Northerly along the said curve to the right, through a central angle of 04 degrees, 43 minutes, 14 seconds, an arc distance of 106.21 feet on the chord bearing and distance of North 03 degrees, 14 minutes, 25 seconds West, 106.18 feet to a 1/2-inch iron rod with "Pacheco Koch" cap set at the end of said curve; said point being intersection of the said south line of Ruby Road and the east right-of-way line of Freeport Parkway; THENCE, easterly departing said east line of Freeport Parkway and along the proposed south line of Ruby Road the following three courses & distances; South 89 degrees, 32 minutes, 47 seconds East a distance of 128.45 feet to a 1/2-inch iron rod with "Pacheco Koch" cap set for angled point; South 89 degrees, 06 Minutes, 00 Seconds East, a distance of 1070.09 feet to a 1/2-inch iron rod with "Pacheco Koch" cap set at an angle point; South 89 degrees, 43 minutes, 11 seconds East, a distance of 1303.87 feet to the POINT OF BEGINNING; CONTAINING, 2,289,761 square feet or 52.566 acre of land, more or less. James A. Koch, Jr. Date R.P.L.S. No. 4688 Pacheco Koch Consulting Engineers, Inc. 8350 N. Cemxal Expwy, # 1000, Dallas TX 75206 (972) 235-3031