OR 2007-1187 Reinvestment zone No. 59
AN ORDINANCE OF THE CITY OF COPPELL, TEXAS
ORDINANCE NO. 2007-1187
AN ORDINANCE OF THE CITY OF COPPELL, TEXAS, DESIGNATING
REINVESTMENT ZONE NO. 59 (KTR COPPELL LLC); 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. 59 KTR COPPELL LLC.”
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SECTION 3. That the property within Reinvestment Zone No. 59 IS eligible for
commercial-industrial tax abatement effective on January 1, 2008.
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.
DUL y PASSED by the City Council of the City of Coppell, Texas, on the II ~day of
IV
~~ ,2007.
A TrEST:
~'l3c~
IB Y BAL , rry SECRETARY
CITY A TrORNEY
(PGS/tc 12/3/07)(17910)
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EXHIBIT" A"
LEGAL DESCRIPTION OF LAND
STATE OF TEXAS
DALLAS COUNTY
OWNERS CERTIFICATION
WHEREAS KTR COPPELL LLC is the owner ofa tract or parcel of land situated in the S.A.,
and M.G. Railroad Survey Survey Abstract No. 1439, Dallas County, Texas, and being parts of
Lots 1 and 2, Block 1, of the Minyard Addition, an addition to the City of Coppell as recorded in
Volume 97056, Page 1150, Deed Records of Dallas County, Texas (D.R.D.C.T.), and also being
part of that tract ofland described in Deed to Minyard Food Stores, Inc as recorded in Volume
80037, Page 2327, (D.R.D.C.T.), and part of that tract of land described in Deed to Minyard
Properties, Inc as recorded in Volume 84146, Page 2788, (D.R.D.C.T.) (now known as Minyard
Food Stores, Inc), and being more particularly described as follows:
BEGINNING at a 5/8-inch iron rod with cap stamped "Transystems Corporation" found for
comer at the intersection of the south right-of-way line of Bethel Road (a variable width right-of-
way) and the west right-of-way line of Freeport Parkway (a variable width right-of-way);
THENCE South 01 degree 24 minutes 00 seconds West, along said west right-of-way line of
Freeport Parkway, a distance of 1,788.23 feet to a point for comer on the north line of a tract of
land described in deed to Dallas Area Rapid Transit Property Acquisition Corporation as recorded
ill
Volume 91008, Page 1341 (D.R.D.C.T.) from which a l/2-inch iron rod with cap stamped
"Horizon Survey Co." bears South 31 degrees 13 minutes 23 seconds East, a distance of 0.29
feet;
THENCE South 87 degrees 24 minutes 00 seconds West, departing said west right-of-way line
and along said north line, a distance of 1,838.72 feet to a l/2-inch iron rod found for southwest
comer of said Minyard tract and also being the southeast comer of a tract of land described in
deed to United
States Post Office North Texas as recorded in Volume 87108, Page 3399 (D.R.D.C.T.);
THENCE North 01 degree 44 minutes 17 seconds East, departing said north line and along said
common line, a distance of 822.33 feet to a 1/2-inch iron rod found for comer;
THENCE North 88 degrees 23 minutes 16 seconds West, continuing along said common line, a
distance of 14.08 feet to a point for comer from which a l/2-inch iron rod bears North 69 degrees
06 minutes 48 seconds East, a distance of 0.45 feet;
THENCE North 01 degree 36 minutes 44 seconds East, continuing along said common line, a
distance of 1,187.42 feet to a l/2-inch iron rod with cap stamped "Halff Associates, Inc." set for
comer on the south right-of-way line of said Bethel Road;
THENCE along said south right-of-way line of Bethel Road the following bearings and distances:
South 79 degrees 45 minutes 34 seconds East, a distance of 436.26 feet to a l/2-inch iron rod with
cap stamped "Halff Associates, Inc." set for comer;
South 88 degrees 40 minutes 08 seconds East, a distance of 1,147.30 feet to a 5/8-inch iron rod
with cap stamped "Transystems Corporation" found for comer;
South 01 degree 49 minutes 20 seconds West, a distance of 10.95 feet to a 5/8-inch iron rod with
cap stamped "Transystems Corporation" found for comer;
South 88 degrees 10 minutes 40 seconds East, a distance of245.95 feet to a 5/8-inch iron rod with
cap stamped "Transystems Corporation" found for comer;
South 43 degrees 34 minutes 02 seconds East, a distance of 20.99 feet to the POINT OF
BEGINNING AND CONTAINING 3,464,226 square feet, or 79.528 acres ofland, more or less.