OR 95-701 Designates Reinvestment Zone 5 ORDINANCE NO. 95701
AN ORDINANCE OF THE CITY OF COPPELL, TEXAS, DESIGNATING
TAX ABATEMENT REINVESTMENT ZONE NO. 5 (TAR-5); 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 CoppeLt, 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, TEXAS:
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 "Tax
Abatement Reinvestment Zone No. 5, City of Coppell, Texas (TAR-5)".
SECTION 3. That the property within Tax Abatement Reinvestment Zone No. 5 is
eligible for commercial-industrial tax abatement effective on January 1, 1996.
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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 ff~s 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 t~om and after its passage, as
the law and charter in such cases provide.
DULY PASSED by the City Council of the City of Coppetl, Texas, on the ~ ~'~day
of '~/~ , 1995. APPROVED:
TOM MORTON, MAYOR
ATTEST:
APPROVED AS TO FORM:
(PGS/jd 4-25-95)
AGG06B74
pROPERTY DESCRIPTION
BEING a tract or parcel of land situated in the William K. Payne Survey, Abstract No. 1140,
the J.T. Thweatt Survey, Abstract No. 1439, City of Coppell, Dallas County, Texas same being
a portion of 'Freeport North', a Preliminapj-Final Plat recorded in Volume B4203, Page 1835,
Dallas County Plat Records, same also being a potlion of that certain 190.160 acre tract
conveyed to Vista parmen by instrument of record in Volume 93184, Page 4526, Dallas County
Deed Records, said tract being more particularly descfibed by metes and bounds as follows:
BEGINNING at fence corner found for an interior all corner of said 'Freeport North', same
being the Southwesterly corner of that certain 214.090 acre tract conveyed to Angeles Esteve
by instrument of record in Volume 88246, Page 4209, Dallas County Deed Records;
THENCE along the common line of said 214.090 acre tract and said 'Freeport North', North
89 degrees 41 minutes 59 aeeonds East, 659.56 feet to a 1/2' Iron rod found for cornet, same
being the Noahw~erly cornet of that certain 100.000 a~ lract of land convey to Coppell
Industrial N.V. By instrument of nx~rd in Volume 820'/1, Page 1061, Dallas County Deed
Records;
THENCE along the common line of said 100.000 acre tract all said 'Freeport North', South
00 4e~_d=es 11 minutes 33 aeconds East, 1115.00 feet to a 1/2' iron rod set for corner;
THENCE delntfing said common line, South 89 degrees 48 minutes 27 seconds West, 450.00
THENCE South 44 ~ 48 rainurn 27 ,ee~ds West, 45.00 to · 1/2' iron rod ~t for
THENCE South 34 degrees 16 minutes 20 seconds West, 33.17 feet to · 1/2' iron rod act for
corner in the Easterly line of Royal Lane, 100 feet wide;
THENCE along said !:a~rly line the following five (5) courses:
1) 239.13 feet al~tg the arc of a non-tangent curve to the left having · radius of
1050.00 feet, · central angle of 13 degrees___ 02 minutes 56 seconds and · chord
bearing and ~ of Noah 62 degrees___ 15 minut~ 08 ~ West, 238.62
feet to a 1/2' Iron rod found for point of tangency;
2) North 68 degrees 46 minutes 36 seconds west 150.00 feet to a 1/2' iron rod
found for the beginning of a curve;
3) 1146.84 feet along the arc of a tangent curve to the fight having a radius of
950.00 feet a central angle of 69 degrees 10 minutes 01 secotids and a chord
bearing and distance of North 34 degrees 11 minutes 35 seconds West, 1078.46
feet to a 1/2' Iron md found for corner;
4) North 00 degrees 23 minutes 26 seconds Fa~t. 74.13 feet to a l/2* Iron rod found
for corner;
EXHIBIT "A"
PROPERTX SCR' DN
MEPC American Prop, ~ Inc.
Page No. 2 of 2
5) North 45 degrees 23 minutes 26 secoMs Fast, 21.21 feet to a 1/2" Iron rod found
for corner in the Southerly line of Creekview Drive, 60 feet wide;
THENCE departing said Easterly line and along said Southerly line, South 89 degrees 36
minutes 34 seconds l:a~t, 35.00 feet to a 1/2" Iron rod found for the beginning of a curve;
THENCE continuing along said Southerly line, 280.42 feet along the arc of a tangent curve to
the left having a radius of 1530.00 feet, a central angle of 10 degn:es 30 minutes 04 seconds and
a chord beating and distance of North 85 degrees 08 minutes 24 seconds l:~t, 280.02 feet to
a 1/2' Iron rod set for corner;,
THENCE delntting said Southerly line north 89 degrees 41 minutes 59 R~xmds l:a{, a distame
of 464.55 feet to the POINT OF BEGINNING, and containing 31.9602 Acres (1,392,185 square