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OR 2007-1186 Reinvestment Zone No. 58 AN ORDINANCE OF THE CITY OF COPPELL, TEXAS ORDINANCE NO. 2007-1186 AN ORDINANCE OF THE CITY OF COPPELL, TEXAS, DESIGNATING REINVESTMENT ZONE NO. 58 (TDC GATEWAY BUSINESS CENTER, L.P.); 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. 58 TDC Gateway Business Center, L.P.).” 1 21246 SECTION 3. That the property within Reinvestment Zone No. 58 IS eligible for commercial-industrial tax abatement effective on July 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 ofCoppell, Texas, on the II ~day of ~C!..e. ,~ 2007. A TrEST: ~LdCLL-- LIBB BAL, TY SECRETARY 2 21246 EXHIBIT" A" LEGAL DESCRIPTION OF LAND LEGAL DESCRIPTION OWNER'S CERTIFICATE STATE OF TEXAS COUNTY OF DALLAS WHEREAS TDC Gateway Business Center, L.P. is the owner of a tract of land situated In the City of Coppell, Dallas County, Texas, and being a part of the Cardelia Bowen Survey, Abstract Number 56 and the Joel Wilson Survey, Abstract Number 1555 and being pert of a tract of land described as Tract A to TDC Gateway Business Center, L.P. as recorded In Document No. 200600457351, Official Public Records of Dallas County, Texas, (O.P.R.D.C.T'), and being more particularly described as follows: COMMENCING at a 1/2-lnch found Iron rod with a yellow plastic cap stomped 'HALFF ASSOC INC' (hereinafter referred to as 'with cap') for the southwest corner of Gateway Business Park No.2, an addition to the City of Coppell as recorded In Volume 98043, Page 0001, Deed Records of Dallas County, Texas D.R.D.C.T., and being on the northerly right-of-way line of Interstate Highway 635 as recorded in Volume 79122, Page 1381 ,D.R.D.C.T.; THENCE South 36 degrees 44 minutes 37 seconds East, along said northerly right-of-way line, a distance of 575.13 feet to the POINT OF BEGINNING at a 112-lnch set Iron rod with cap on the south line of a Lone Star Gas Company easement as recorded In Volume 71167, page 1308,D.R.D.C.T.; THENCE South 89 degrees 03 minutes 34 seconds East, along the south line of said Lone Star Gas Company Easement and along the south line of a Lone Star Gas Company Easement as recorded In Volume 71167, Page 1306, D.R.D.C.T., a distance of 1033.54 to a 1/2-1nch set Iron rod with cap on the west right-of-way line of Freeport Parkway (0 variable width right-of-way) as recorded In Volume 98067, Page 3324,D.R.D.C.T.; THENCE South 35 degrees 16 minutes 43 seconds East, along said west right-of-way line, 0 distance of 104.07 feet to a 1/2-1 nch set Iron rod with cop for the point of curvature of a tangent circular curve to the right having a radius of 770.00 feet and whose chord bears South 11 degrees 48 minutes 27 seconds East, a distance of 613.36 feet, from which a 5/8-lnch found Iron rod bears South 24 degrees 51 minutes 40 seconds East, a distance of 1.99 feet; THENCE Southeasterly, continuing along said west right-of-way line and along said curve to the right, through a central angle of 46 degrees 56 minutes 33 seconds, an arc distance of 630.86 feet to a 1/2-lnch set Iron rod with cap for the point of tangency; THENCE South 11 degrees 39 minutes 50 seconds West, continuing along said West right-of- way line, a distance of 245.91 feet to the southerly southwest corner of said right-of-way for Freeport Parkway; THENCE South 78 degrees 20 minutes 10 seconds East, along the south line of said right-of- way, a distance of 0.39 feet to a point for corner of a tract of land described to the Texas Department of Transportation TxDOT) as recorded In Volume 84195, Page 0604, D.R.D.C.T., and being on the northerly right-of-way line of Interstate Highway 635, from which a TxDOT brass disc monument found bears North 56 degrees 3- minutes 39 seconds West, a distance of 0.19 feet; THENCE South 66 degrees 59 minutes 56 seconds West, departing said Freeport Parkway right- of-way line and along said I. H. 635 right-of-way line, a distance of 80.88 feet to a point for corner, from which a 5/8-lnch found Iron rod beers South 28 degrees 04 minutes 11 seconds East, a distance of 1.75 feet; THENCE North 80 degrees 50 minutes 21 seconds West, continuing along sold I. H. 635 right-of-way line, a distance of 68.28 feet to 0 point for corner, from which 0 found TxDOT monument bears North 34 degrees 52 minutes 11 seconds West, a distance of 0.30 feet; THENCE North 78 degrees 19 minutes 41 seconds West, continuing along said I. H. 635 right-of-way line, a distance of 275.97 feet to a TxDOT brass disc monument found for corner; THENCE North 63 degrees 57 minutes 56 seconds West, continuing along said I. H. 635 right-of-way line, a distance of 157.53 feet to a point for corner, from which 0 found TxDOT brass disc monument beers North 01 degree 26 minutes 07 seconds West, a distance of 0.36 feet; THENCE North 42 degrees 29 minutes 08 seconds West, continuing along said I. H. 635 right-of-way line, a distance of 141.98 feet to a point for corner, from which a found TxDOT brass disc monument bears North 17 degrees 03 minutes 27 seconds East, a distance of 0.32 feet; THENCE North 59 degrees 21 minutes 26 seconds West, continuing along sold I. H. 635 right-of-way line, a distance of 28.00 feet to a TxDOT brass disc monument found for corner on the northeasterly line of a tract of land described to the State of Texas as recorded In Volume 79122, Page 1381, D.R.D.C. T.; THENCE North 34 degrees 23 minutes 31 seconds West, continuing along sold I. H. 635 right-of-way line and along said northeasterly line, a distance of 810.50 feet to 0 1/2-lnch set Iron rod with cap for corner, from which a 1/2-inch found Iron rod bears South 23 degrees 36 minutes 22 seconds East, a distance of 1.95 feet; THENCE North 36 degrees 44 minutes 37 seconds West, continuing along said I. H. 635 right-of-way line, a distance of 63.87 feet to the POINT OF BEGINNING AND CONTAINING 787,831 square feet or 18.09 acres of land, more or less.