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OR 2006-1147 Eligibility of Zone 54 ORDINANCE NO. 2006-1147 AN ORDINANCE OF THE CITY OF COPPELL, TEXAS, DESIGNATING REINVESTMENT ZONE NO. 54 (DAVITA RX); 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. 54 (DaVita Rx).” 1 67069 SECTION 3. That the property within Reinvestment Zone No. 54 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 N{fI~./~6. CITY ATTO (pGS/si 12/6/06)(67069) ATTEST: ~.gJL/ .. m Y B ITY SECRETARY 2 67069 EXHIBIT “A” LEGAL DESCRIPTION OF LAND Lots 1R & 1R1, Block D Northlake 635 Business Park Addition STATE OF TEXAS COUNTY OF DALLAS WHEREAS, Coppell Commerce Center, Ltd., a Texas Limited Partnership, is the owner of a tract of land situated in the Cordelia Bowen Survey, Abstract No. 56, in the City of Coppell, Dallas County, Texas, said tract being all of that tract of land described in deed to said Coppell Commerce Center, Ltd. as recorded in Volume 99223, Page 631, Deed Records, Dallas County, Texas (D.R.D.C.T.), said tract also being all of Coppell Business Center II, an addition to the City of Coppell as recorded in Volume 99217, Page 1763, D.R.D.C.T., and being more particularly described as follows: BEGINNING at a ½-inch found iron rod for the intersection of the west right-of-way line of Beltline Road (a variable width right-of-way) and the north right-of-way line of Lakeshore Drive (a variable width right-of-way, 90 feet wide at this point), as dedicated by the plat of Northlake 635 Business Park, an addition to the City of Coppell as recorded in Volume 85056, Page 3358, D.R.D.C.T.: THENCE along the north, northeast and east right-of-way lines of said Lakeshore Drive, the following calls: North 89 degrees 30 minutes 00 seconds West, a distance of 185.34 feet to a ½-inch set iron rod with a yellow plastic cap stamped ‘HALFF ASSOC. INC.’ (hereinafter referred to as ‘with cap’) for the point of curvature of a circular curve to the left having a central angle of 12 degrees 50 minutes 19 seconds and a radius of 300.00 feet, whose chord bears South 84 degrees 04 minutes 51 seconds West a distance of 67.08 feet; Westerly, along said curve for an arc distance of 67.22 feet to a ½-inch set iron rod with cap for the point of reverse curvature of a circular curve to the right having a central angel of 12 degrees 50 minutes 19 seconds and a radius of 300.00 feet, whose chord bears South 84 degrees 04 minutes 51 seconds West a distance of 67.08 feet; Westerly, along said curve for an arc distance of 67.22 feet to a ½-inch found iron rod with cap stamped ‘Powell and Powell’ for the point of tangency, said Lakeshore Drive being a 60 foot right-of-way at this point; North 89 degrees 30 minutes 00 seconds West, a distance of 388.27 feet to a ½-inch set iron rod with cap for the point of curvature of a circular curve to the right having a central angle of 52 degrees 53 minutes 07 seconds and a radius of 320.00 feet, whose chord bears South 63 degrees 03 minutes 27 seconds West a distance of 284.99 feet; Northwesterly, along said curve for an arc distance of 295.37 feet to a ½-inch found iron rod for the point of tangency; North 36 degrees 36 minutes 53 seconds West, a distance of 398.49 feet to a ½-inch set iron rod with cap for the point of curvature of a circular curve to the right having a central angle of 37 degrees 06 minutes 53 seconds and a radius of 320.00 feet, whose chord bears North 18 degrees 03 minutes 27 seconds West a distance of 203.68 feet; Northerly, along said curve for an arc distance of 207.29 feet to a ½-inch found iron rod for the point of tangency; North 00 degrees 30 minutes 00 seconds East, a distance of 556.13 feet to a ½-inch found iron rod with cap for the intersection of said east right-of-way line of Lakeshore Drive with a line of 5 feet north of and parallel to the north line of a 50 foot Open Channel Drainage Easement as dedicated by the aforementioned plat of Northlake 635 Business Park; THENCE departing said east line and along said parallel line, the following calls: South 89 degrees 30 minutes 00 seconds East, a distance of 629.41 feet to a ½-inch found iron rod with cap for the point of curvature of circular curve to the left having a central angle of 27 degrees 17 minutes 51 seconds and a radius of 470.00 feet , whose chord bears North 76 degrees 51 minutes 05 seconds East a distance of 221.81 feet; Easterly, along said curve for an arc distance of 223.92 feet to a ½-inch set iron rod with cap for the point of reverse curvature of a circular curve to the right having a central angel of 27 degrees 17 minutes 51 seconds and a radius of 530.00 feet, whose chord bears South 76 degrees 51 minutes 05 seconds East a distance of 250.13 feet; Easterly, along said curve for an arc distance of 252.51 feet to a ½-inch found iron rod for the point of tangency; South 89 degrees 30 minutes 00 seconds East, a distance of 168.37 feet to a point for the intersection of said parallel line and the aforementioned west right-of-way line of Beltline Road, said point bears North 00 degrees 30 minutes 00 seconds East, a distance of 30.00 feet from the intersection of the center line of said 50 foot Easement and said west right-of-way line; THENCE South 00 degrees 30 minutes 00 seconds West, along said west right-of-way line, a distance of 1235.26 feet to a ½-inch set iron rod with cap for corner; THENCE South 10 degrees 48 minutes 36 seconds East, continuing along said west right-of-way line, a distance of 56.09 feet to the POINT OF BEGINNING AND CONTAINING 1,430,216 square feet or 32.83 acres of land, more or less.