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OR 2006-1144 Reinvestment Zone No. 51 ORDINANCE NO. 2006-1144 AN ORDINANCE OF THE CITY OF COPPELL, TEXAS, DESIGNATING REINVESTMENT ZONE NO. 51 (TEXAS DUGAN -700/800 W. BETHEL); 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. 51 (Texas Dugan -700/800 W. Bethel).” 1 64589 SECTION 3. That the property within Reinvestment Zone No. 51 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 Z~~day of '77IJ7}~..I..v. / ,2006. ATTEST: ~bCL0 LffiB BALL, SECRETARY 2 64589 EXHIBIT "A" LEGAL DESCRIPTION OF LAND FREEPORT XIV & XV Lots 2R1 and 2R2, Block A, Duke-Freeport Addition City of Coppell, Dallas County, Texas DESCRIPTION of a 16.510 acre parcel of land situated in the John Vest Survey, Abstract No. 1508, Dallas County, Texas, and being part of Lot 2, Block A of Duke-Freeport Addition, as recorded in Volume 2001065, Page 37 of the Plat Records of Dallas County, Texas, said 16.510 acres tract being more particularly described as follows: BEGINNING, at a 1/2-inch iron rod with "Pacheco Koch" cap set at the intersection of the west line of Freeport Parkway (110 foot wide right-of-way) and the north line of Bethel Road (90 foot wide right-of- way); said point also being the southeast corner of said Lot 2; THENCE, North 89 degrees, 29 minutes, 45 seconds West departing said west line of Freeport Parkway, along said north line of Bethel Road, and along the south line of said Lot 2, a distance of 1279.78 feet to a 1/2-inch iron rod with "Pacheco Koch" cap found for corner; said point also being the southwest corner of said Lot 2; THENCE, North 00 degrees, 23 minutes, 44 seconds East departing the said north line of Bethel Road and the said south line of Lot 2, along the west line of said Lot 2 a distance of 162.78 feet to a 5/8 inch iron rod with "C&B" cap found for an angle point in the said west line of Lot 2; THENCE, North 11 degrees, 17 minutes, 28 seconds West continuing along the said west line a distance of 75.57 feet to a 1/2-inch iron rod with "Pacheco Koch" cap found for an angle point in the said west line of Lot 2; THENCE, North 00 degrees, 32 minutes, 27 seconds East, continuing along the said west line of Lot 2, a distance of 249.36 feet to a 1/2-inch iron rod with "Pacheco Koch" cap set for corner; THENCE departing said west line of Lot 2, crossing said Lot 2 the following six (6) calls: South 89 degrees, 29 minutes, 45 seconds East a distance of 419.44 feet to a 1/2-inch iron rod with "Pacheco Koch" cap set for corner; North 00 degrees, 30 minutes, 15 seconds East a distance of 37.00 feet to a 1/2-inch iron rod with "Pacheco Koch" cap set for corner; South 89 degrees, 29 minutes, 45 seconds East a distance of 25.39 feet to a 1/2-inch iron rod found for an angle point; North 47 degrees, 34 minutes, 19 seconds East a distance of 25.10 feet to a 1/2-inch iron rod with "Pacheco Koch" cap set for an angle point; South 89 degrees, 29 minutes, 45 seconds East a distance of 450.68 feet to a 1/2-inch iron rod with "Pacheco Koch" cap set for an angle point; North 54 degrees, 04 minutes, 54 seconds East a distance of 382.30 feet to a 1/2-inch iron rod found, said point being in the said west line of Freeport Parkway; said point also being in a non-tangent curve to the right; THENCE, along the said west line of Freeport Parkway and said non-tangent curve to the right through a central angle of 20 degrees, 55 minutes, 56 seconds, a radius of 1301.12 feet, a chord bearing and distance of South 09 degrees, 57 minutes, 43 seconds East, 472.70 feet, an arc length of 475.35 feet to a 1/2-inch iron rod with "Pacheco Koch" cap set for the point of tangency; THENCE, South 00 degrees, 30 minutes, 15 seconds West continuing along the said west line of Freeport Parkway a distance of 80.15 feet to a 1/2-inch iron rod with "Pacheco Koch" cap set for the beginning of a tangent curve to the right; THENCE, continuing along the said west line of Freeport Parkway and said tangent curve to the right through a central angle of 12 degrees, 34 minutes, 41 seconds, a radius of 240.00 feet, a chord bearing and distance of South 06 degrees, 47 minutes, 35 seconds West, 52.58 feet, an arc length of 52.69 feet to a 1/2-inch iron rod with "Pacheco Koch" cap set for the beginning of a reverse curve to the left; THENCE, continuing along the said west line of Freeport Parkway and said reverse curve to the left through a central angle of 12 degrees, 34 minutes, 41 seconds, a radius of 260.00 feet, a chord bearing and distance of South 06 degrees, 47 minutes, 35 seconds West, 56.96 feet, an arc length of 57.08 feet to a 1/2-inch iron rod with "Pacheco Koch" cap set for the point of tangency; THENCE, South 00 degrees, 30 minutes, 15 seconds West continuing along the said west line of Freeport Parkway a distance of 113.33 feet to the POINT OF BEGINNING. CONTAINING: 719,189 square feet or 16.510 acres of land, more or less.