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OR 97-790 Designates Reinvestment Zone 14 ORDINANCE NO. 97790 AN ORDINANCE OF THE CITY OF COPPELL, TEXAS, DESIGNATING REINVESTMENT ZONE NO. 14; 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 CTIY; PROVIDING A SEVERABILITY CLAUSE; PROVIDING A REPEALING CLAUSE; AND PROVIDING AN EFFECTIVE DATE. WHEREAS, the City Council of the City of CoppeR, 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 WI~REAS, the City Council of the City of CoppeR, Texas, has conducted a public hearing on the designation of the area described herein as a reinvestment zone; NOW, THEREFORE, BE IT ORDAINED BY TItE CITY COUNCIL OF ~ CITY OF COPPEI,I~ TEXAS: SECTION 1: That the City Council of the City of CoppeR, 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 aRer 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 '~.einvestment Zone No. 14." 1 ss7254 SECTION 3. That the property within Reinvestment Zone No. 14 is eligible for commercial- industrial tax abatement effective on January 1, 1998. 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//'/7i day of /t'.-}:~, :~/~ , 1997. APPROVED: TOMMORTON, MAYOR APPROVED AS TO FORM: ATTEST: d? .... c.- P~F~ G. S ORNEY KATHLEEN ROACI~ CITY SECRETARY PGS/ttl 02114197) 2 ss7254 CITY OF COPPELL STATE OF TEXAS: COUNTY OF DALLAS: BE1NG a 63.141 acre tract of land located in the City of Coppea, Texas, situated in the FL Tamer Survey, Abstract No. 1796, the Peter Harmonson Survey, Abstract No. 1795 and the B.B.B. & C.R.tL Company Survey, Abstract No. 1772, Dallas County, Texas and being a portion of a 180.023 acre tract of land as desert'bed in dee_d to Industrial Developments International, Inc., recorded in Volume 95177, Page 2672 and Volume 95177, Page 2681 of the Deed Records of Dallas County, Texas (DRDC1D and being more particularly described as follows: COMMENCING at a 1/2" iron rod set in the northwesterly line of State Highway No, 121 (Variable Width R.O.W.) at the easterlymost corner of said Industrial Developments International, Inc. 180.023 acre tract, from which a concrete monument with a brass disc found bears N 42°54'48" E, 939 feet and a 1/'2" square steel stalr,~ found bears N 57025'54" E, 3.84 feet; THENCE N 50o5436" W, departing the northwesterly line of said State Highway No. 121, along the north line of said Industrial Developments International, Inc. 180.023 acre tract, 274.54 feet to a iron rod found in the line common to the Cities of Grapevine and Coppoll for the POINT of BEGINNING of the he. rein described tract of land, from which a 1/2" square steel stake found bears N 67°44'29" E, 5.68 feet and a concrete monument with a brass d/sc found bears S 89"48'09" E, 372.64 feet; THENCE N 89°48'09" W, along the line common to the Cities of said Grapevine and Coppoll, 2550.64 Eeet to a point in the northv.~'..sterly line of said Industrial Developments International, Inc. 180.023 acre tract, same being the easterly line of a tract of land as described in qu/tclaim deed to the City of Grapevine, Tens, recorded in Volume 88055, Page 0811, DRDCT, from which a "60d" nail found bears N 89°48'1Y)'' W, 1.00 feet; TH]ZNCE Northeasterly, along the lines common to thc northwesterly lines of said Industrial Developments InternationM~ Inc. 180.023 acre tract and the easterly lines of said City of Grapevine tract the following: N 17°57'18" ~ 281.16 feet to a 3/8" iron rod found at the point of curvature of a clrcn!ar curve to the tcft. having a radius that bears N 72~02'42" W, 1677.50 feet; Northeasterly, along said circ.lar curve to th~ left, through a central angle of 03°40'05", an arc distance of 107.39 feet and having a chord that bears N 16°07'15" E, 10737 feet to a iron rod found; N 14°13'12" E (Non-tangent), 46.61 feet to a point in the line common to said Cities of Coppcll and G'rapcvinc, from which a 1/2" iron md found bears N 42°57'14" E, 2.40 feet: EXHIBIT " A " THENCE N 42°57'14, E, departing the line common to the northwesterly line of said Industrial Developments International, Inc. 180.023 acre tract and the easterly Line of said City of Grapevine tract, along the line common to said Cities of Coppoll and Cn'apevine, 1884.80 feet to a point in the line common to the northerly line of said Industrial Developments International, Inc. 180.023 acre tract and the southerly line of said City of Grapevine tract, from which a 3/~ iron rod found bears N 46'32'49" W, 34.33 feet, a 1/2" iron md found beat~ N 42°5714" E, 10.79 feet and a concrete monument with a brass disc found bears N 42°57'14" E, 49.31 feet; THENCE Easterly, along the lines common to the northerly lines of said Industrial Developments International, Inc. 180.023 acre tract and the southerly lines of said City of Grapevine tract the following: S 46~32'49'' E, 123.03 feet tea 1/2" iron rod set at the point of c~xvarure of a circular curve to the left, having a radius of 500.00 feet; Southeasterly, along said circular curve to the left, through a central angle of 02~23'33', an arc distance of 20.88 feet and having a chord that bears S 4T44'36" F_., 20.88 feet to a 3/8' iron rod found at the point of tangency; S 48°56'22" E, 645.45 feet to a 1/2' iron rod set; S 32°31'59. E, 30.07 feet to a 3/8' iron rod found; S 09°].1'42" E, 335.40 feet to a 3/8" iv0n rod found; S 36'XI7'09" E, 237.02 feet to a 3/8" iron rod found; S 24°00?.F E, 65.04 feet to a 3/8" iron rod found; S 4~54'11" E, 130.66 feet to a 3/8' iron rod found; S 73017'43" E, 223.31 feet to a 1/'2' iron rod found at the easterlymost southea.'~t comer of said City of Grapevine tract, said point lying in the west llne- of a called 5.505 acre tract of land (Tract I - Plant #2) as descn~oed in special wartamy deed to Pioneer Concrete Of Texas, Inc., recorded in Volume 94039, Page 00445, DRDCT; TKENCE S 00~0'57' E, continuing along the northerly line of said Industrial Development~ International, Inc. 180.023 acre tract, passing the southwest comer of said Pioneer Concrete Of Texas, Inc. tract, the northwest comer of a called 188.~65 square foot tract of land as desert'bed in wan-'anty deed to Dale L. Hill Trustee, recorded in Volume 83143, Page-3449, DRDCT and a 1/2" ixon rod found at a distance of 2a,.66 feet, said point being 1.2 feet to the left of Rne, continuing along the northerly line of said Industrial Developments International, Inc. 180.023 acre tract, 522.35 feet to the PO]]NrF of BEGINNING and containing 2,750,446 square feet or 63,141 acres of land. EXHIBIT " A "