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OR 2006-1146 Eligibility of the Zone 56 ORDINANCE NO. 2006-1146 AN ORDINANCE OF THE CITY OF COPPELL, TEXAS, DESIGNATING REINVESTMENT ZONE NO. 56 (DUKE REALTY/COMPUTER SCIENCES CORPORATION); 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 and the tangible personal property to be located thereat 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. 56 (Duke Realty/Computer Sciences Corporation).” 1 71406 SECTION 3. That the property within Reinvestment Zone No. 56 IS eligible for commercial-industrial tax abatement effective on January 1, 2007. 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 ~J>~./..D~,2006. ATTEST: QjJ~~~ Y B , CITY SECRETARY 2 71406 EXHIBIT “A” LEGAL DESCRIPTION OF LAND FREEPORT VIII Lot 4R, Block A, Freeport North Addition City of Coppell, Dallas County, Texas DESCRIPTION, of a 6.405 acre tract of land situated in the William K. Payne Survey, Abstract No. 1140 and the J.T. Thweatt, Survey Abstract No. 1753, Dallas County, Texas, said tract being a portion of Freeport North, an addition to the City of Coppell, Texas according to the plat recorded in Volume 84203, Page 1835 of the Deed Records of Dallas County, Texas, and being a portion of the same tract of land described in Special Warranty Deed to Texas Dugan Limited Partnership recorded in Volume 2000251, Page 2685 of the Deed Records of Dallas County, Texas; said 6.405 acre tract being more particularly described as follows; BEGINNING, at a point for corner; said point being in the southwest right-of-way line of Royal Lane (a 100 foot wide right-of-way); said point also being the northwest corner of Gulf United Industries Addition, an addition to the City of Coppell, Texas according to the plat recorded in Volume 95054, Page 4906, of the Deed Records of Dallas County, Texas; THENCE, in a southerly direction, departing the said southwest line of Royal Lane and along the west line of said Gulf United Industries Addition, the following three (3) calls; South 20 degrees, 53 minutes, 57 seconds West, a distance of 28.13 feet to a 1/2- inch iron rod found; said point being the beginning of a tangent curve to the left; In a southerly direction along the said curve to the left, having a central angle of 21 degrees, 29 minutes, 59 seconds, an arc distance of 281.43 feet, a radius of 750.00 feet, and a chord bearing and distance of South 10 degrees, 28 minutes, 18 seconds West, 279.78 feet, an arc distance of 281.43 feet to a point for corner at the end of said curve; South 00 degrees, 16 minutes, 41 seconds East, a distance of 225.97 feet to a point for corner; said point being the northeast corner of Lot 1, Block 1, Cici's Addition, an addition to the City of Coppell, Texas according to the plat recorded in Volume 99124, Page 170 of the Deed Records of Dallas County, Texas; THENCE, North 89 degrees, 32 minutes, 04 seconds West, departing the said west line of the Gulf United Industries Addition and along the north line of the said Lot 1 of Cici's Addition, a distance of 408.83 feet to a point for corner; said point being the southeast corner of Lot 1, Block A, Freeport North, an addition to the City of Coppell, Texas according to the plat recorded in Volume 2001132, Page 37 of the Deed Records of Dallas County, Texas; THENCE, is a northerly direction, departing the said north line of Cici's Addition and along the east line of said Lot 1, of Freeport North, the following four (4) calls: North 00 degrees, 03 minutes, 45 seconds West, a distance of 368.65 feet to a 1/2- inch iron rod with "Pacheco Koch" cap found for corner at an interior "ell" corner; South 89 degrees, 56 minutes, 15 seconds West, a distance of 20.00 feet to a point for corner at an exterior "ell" corner; North 00 degrees, 03 minutes, 45 seconds West, a distance of 376.75 feet to a "+" cut in concrete found at an angle point; North 45 degrees, 03 minutes, 47 seconds East, a distance of 41.48 feet to a "+" cut in concrete found in the said southwest line of Royal Lane; said point being the beginning of a non-tangent curve to the left; THENCE, in a southeasterly direction and along the said southwest line of Royal Land, and along said curve to the left, having a central angle of 20 degrees, 35 minutes, 39 seconds, a radius of 1050.00 feet, and a chord bearing and distance of South 58 degrees, 28 minutes, 50 seconds East, 375.38 feet, an arc distance of 377.41 feet to a 1/2-inch iron rod with "LJA" cap found at the end of said curve; THENCE, South 68 degrees, 46 minutes, 40 seconds East, continuing along the said southwest line of Royal Lane, a distance of 150.24 feet to the POINT OF BEGINNING. CONTAINING, 278,998 square feet or 6.405 acres of land, more or less.