OR 2006-1148 Eligibility of Zone 50
ORDINANCE NO. 2006-1148
AN ORDINANCE OF THE CITY OF COPPELL, TEXAS, DESIGNATING
REINVESTMENT ZONE NO. 50 (IBM SOLUTIONS CENTER);
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. 50 (IBM Solutions Center).”
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SECTION 3. That the property within Reinvestment Zone No. 50 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 contlict
with the provisions of this ordinance be, and the same are hereby, repealed, and all other provisions
not in contlict 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
/It~-J~OO6.
YOR
ATTEST:
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ffiBY B CITY SECRETARY
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EXHIBIT "A"
LEGAL DESCRIPTION OF LAND
LEGAL DESCRIPTION
P ARK WEST COMMERCE CENTER
LOTS I & 2 OF BLOCK 5
Being a tract ofland situated in the James A. Simmons Survey Abstract No. 1296, in the City of
Coppell, Dallas County, Texas, and being all of Block 5 Park West Commerce Center as
recorded in Volume 97248 Page 31 Dallas County Deed Records (D.C.R.D), and being more
particularly described as follows:
BEGINNING at a liz-inch iron rod found at the northeast corner of Lot I, Block 6, Park West
Commerce Center, the northwest corner of Lot I, Block 5, said point being located along the
south right-of-way line of Airline Drive (60 feet wide);
THENCE South 89 degrees 06 minutes 46 seconds East along said south right-of-way line of
Airline Drive a distance of 760.47 feet to a liz-inch iron rod with cap set for a corner;
THENCE South 74 degrees II minutes 05 seconds East continuing along said south right-of-way
line a distance of 64.05 feet to a liz-inch iron rod with cap set for a corner;
THENCE South 89 degrees 06 minutes 46 seconds East a distance of 124.92 feet to a liz-inch
iron rod with cap set for a corner at the northwest point of a radial corner clip located along the
west right-of-way line of Belt line Road (120 foot right-of-way);
THENCE along said corner clip, departing said south right-of-way an arc distance of 59.94 feet,
through a central angle of90 degrees 22 minutes and 29 seconds, a radius of38.00 feet to a lIz-
inch iron rod with cap set for a corner on the west right-of-way line of Belt line Road;
THENCE South 01 degree 15 minutes 30 seconds West along said west right-of-way line a
distance of332.09 feet to a liz-inch iron rod with cap set for a corner;
THENCE South 08 degrees 06 minutes 14 seconds West a distance of 100.72 feet to a liz-inch
iron rod with cap set for a corner;
THENCE South 01 degree 15 minutes 30 seconds West a distance of 149.25 feet to a liz-inch
iron rod with cap set for a corner;
THENCE South 89 degrees 06 minutes 46 seconds East a distance of 12.00 feet to a liz-inch iron
rod with cap set for a corner;
THENCE South 01 degree 15 minutes 30 seconds West a distance of 452.07 feet to a liz-inch
iron rod with cap set for a corner;
THENCE South 08 degrees 06 minutes 06 seconds West a distance of 100.71 feet to a liz-inch
iron rod with cap set for a corner;
THENCE South 01 degree 15 minutes 30 seconds West a distance of 100.00 feet to a liz-inch
iron rod with cap set for a corner at the northeast point of a corner clip located along the north
right-of-way line of Wrangler Drive;
THENCE South 46 degrees 04 minutes 22 seconds West a distance of28.41 feet to a liz-inch iron
rod with cap set for a corner on the north right-of-way line of Wrangler Drive (65 foot right-of-
way);
THENCE North 89 degrees 06 minutes 46 seconds West continuing along said north right-of-
way line a distance of945.13 feet to a liz-inch iron rod set for a corner at the southwest corner of
Lot 2, Block 5;
THENCE North 00 degrees 53 minutes 14 seconds East departing said north right-of-way line
and along the east line of said Lot I, Block 6 a distance of 1307.99 feet to the POINT OF
BEGINNING AND CONTAINING 1,275,502 square feet or 29.2871 acres ofland more or less.