OR 2005-1118 Reinvestment Zone #47, Majestic Park West Partners ORDINANCE NO. 2005-1118
AN ORDINANCE OF THE CITY OF COPPELL, TEXAS, DESIGNATING
REINVESTMENT ZONE NO. 47 (MAJESTIC PARK WEST PARTNERS LP
AND THE NORTHWESTERN MUTUAL LIFE INSURANCE COMPANY);
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. 47 (Majestic Park West Partners and The Northwestern Mutual Life Insurance Co.)."
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SECTION3. That the property within Reinvestment Zone No. 47 is eligible for
commercial-industrial tax abatement effective on January 1, 2006.
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 ~ ~'day of
DOUo&L"~S ST6XTEk, MAYOR
ATTEST:
LIBBY BA~I~ CI~-Y SECRETARY
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EXHIBIT "A"
DESCRIPTION, of a 16.800 acre tract of land situated in the James A. Simmons
Survey, Abstract No. 1296, in the City of Coppell, Dallas County, Texas, and being all of
Lot 2R-2, Block 2 of Park West Commerce Center as recorded in Volume 2000242,
Page 1144 of the Deed Records of Dallas County, Texas; said 16.800 acre tract of land
being more particularly described as follows:
BEGINNING, at a 1/2-inch iron rod with "HALFF ASSOC" cap found at the most
southerly point of a 38.00 foot radial corner clip located on the common line between
the north right-of-way of Airline Drive (a variable width right-of-way, 93 feet wide at this
point) and the west right-of-way line of Beltline Road (a 120 foot wide right-of-way at this
point);
THENCE, along the said north line of Airline Drive the following three courses and
distances;
North 89 degrees, 06 minutes, 46 seconds West, a distance of 126.02 feet to a
1/2" iron rod with "HALFF ASSOC" cap found for corner;
South 75 degrees, 57 minutes, 33 seconds West, a distance of 64.05 feet to a
1/2" iron rod with "HALFF ASSOC" cap found for corner; Airline Drive being a 60
foot wide right-of-way at this point;
North 89 degrees, 06 minutes, 46 seconds West, a distance of 504.10 feet to a
1/2" iron rod with "PACHECO KOCH" cap found; said point being the southeast
corner of Lot 2R-2, Block 2 Park West Commerce Center, an addition to the City
of Coppell, Texas according to the Minor Amending Plat recorded in Volume
2000242, Page 1144 of the Deed Records of Dallas County, Texas;
THENCE, North 00 degrees, 53 minutes, 14 seconds East, departing the said north line
of Airline Drive and along the east line of said Lot 2R-2, a distance of 1003.40 feet to a
1/2-inch iron rod with "Pacheco Koch" cap found for corner; said point being in the south
line of Lot 2, Block 1, Park West Commerce Center, an addition to the City of Coppell,
Texas according to the plat recorded in Volume 93226, Page 2864 of the Deed Records
of Dallas County, Texas;
THENCE, South 89 degrees, 06 minutes, 01 seconds East; along the south line of said
Block 1; a distance of 736.15 feet to a to a 1/2" iron rod with "HALFF ASSOC" cap
found for corner in the said west line of Belt Line Road;
THENCE, South 01 degrees, 15 minutes, 30 seconds West, along the said west line of
Belt Line Road, a distance of 949.00 feet to the north end of said curving corner clip
whose center of said corner clip bears North 88 degrees, 44 minutes, 30 seconds West,
a distance of 35.00 feet from said point;
THENCE, along said curving corner clip and north right-of-way line of Airline Drive
through a central angle of 89 degrees, 37 minutes, 44 seconds an arc distance of 59.44
feet on a chord bearing and distance of South 46 degrees, 04 minutes, 22 seconds
West, 53.57 feet to the POINT OF BEGINNING;
CONTAINING, 731,815 feet or 16.800 acres of land, more or less.