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OR 2007-1188 Reinvestment Zone No. 57 AN ORDINANCE OF THE CITY OF COPPELL, TEXAS ORDINANCE NO. 2007-1188 AN ORDINANCE OF THE CITY OF COPPELL, TEXAS, DESIGNATING REINVESTMENT ZONE NO. 57 (DUKE REALTY LIMITED PARTNERSHIP) 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. 57 (Duke Realty Limited Partnership).” 1 21341 SECTION 3. That the property within Reinvestment Zone No. 57 IS eligible for commercial-industrial tax abatement effective on January I, 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 I/~day of ~~~2007. A ITEST: CITY ATIO (PGS/tc 12/3/07)(2134 2 21341 EXHIBIT "A" LEGAL DESCRIPTION OF LAND LEGAL DESCRIPTION POINT WEST I & II COMBINED DESCRIPTION, of a 23.518 acre tract of land situated in the Cordelia Bowen Survey, Abstract No. 56, in the City of Coppell, Dallas County, Texas; being part of those tracts of land described in a Special Warranty Deed as "Tract 1" and "Tract 2" to Duke Realty Limited Partnership recorded in Instrument No. 200600301442 of the Deed Records of Dallas County, Texas; said 23.518 acre tract being more particularly described as follows: BEGINNING, at a 1/2-inch iron rod with "Pacheco Koch" cap found in the west line of Beltline Road (a 120-foot right-of-way) at the northeast corner of Lot 1, Block C, Duke Lesley Addition Dividend Drive and Point West Boulevard, an addition to the City of Coppell, Texas, according to the plat recorded in Instrument No. 20070240528 of said Deed Records; THENCE, North 89 degrees, 57 minutes, 33 seconds West, along the north line of said Lot 1, Block C and passing at a distance of 634.52 feet a 1/2-inch iron rod with "Pacheco Koch" cap found, at the northwest corner of said Lot 1 and the northeast corner of Lot 2, Block C of said Duke Lesley Addition Dividend Drive and Point West Boulevard addition, continuing along the north line said Lot 2, a total distance of 1,090.30 feet to a 1/2-inch iron rod with "Pacheco Koch" cap found for corner; THENCE, South 73 degrees, 49 minutes, 34 seconds West, continuing along the said north line of Lot 2, a distance of 50.00 feet to a 1/2-inch iron rod with "Pacheco Koch" cap found for corner at the east line of Point West Boulevard (a 50-foot wide right-of-way) according to the said Duke Lesley Addition Dividend Drive and Point West Boulevard addition; said point being the beginning of a non-tangent curve to the left; THENCE, along the said east line of Point West Boulevard, the following five (5) calls: In a northerly direction, along said curve, having a central angle of 28 degrees, 49 minutes, 34 seconds, a radius of 475.00 feet, a chord bearing and distance of North 30 degrees, 35 minutes, 13 seconds West, 236.47 feet, an arc distance of 238.98 feet to a 1/2-inch iron rod with "Pacheco Koch" cap found at the end of said curve; North 45 degrees, 00 minutes, 00 seconds West, a distance of 69.44 feet to a 1/2-inch iron rod with "Pacheco Koch" cap found for corner; said point being the beginning of a curve to the right; In a northerly direction, along said curve, having a central angle of 45 degrees, 02 minutes, 27 seconds, a radius of 425.00 feet, a chord bearing and distance of North 22 degrees, 28 minutes, 47 seconds West, 325.56 feet, an arc distance of 334.10 feet to a 1/2-inch iron rod with "Pacheco Koch" cap found at the end of said curve; North 00 degrees, 02 minutes, 27 seconds East, a distance of 93.74 feet to a 1/2-inch iron rod with "Pacheco Koch" cap found for corner at the southwest end of a corner-clip at the intersection of the said east line of Point West Boulevard with the south right-of- way line of Dividend Drive (a 90-foot right-of-way) according to the said Duke Lesley Addition Dividend Drive and Point West Boulevard addition; North 45 degrees, 01 minutes, 05 seconds East, along said corner-clip, a distance of 21.22 feet to a 1/2-inch iron rod with "Pacheco Koch" cap found for corner; PW I & Il.doc THENCE, along the said south line of Dividend Drive, the following four (4) calls: In a easterly direction, along said curve, having a central angle of 31 degrees, 37 minutes, 32 seconds, a radius of 495.00 feet, a chord bearing and distance of North 73 degrees, 49 minutes, 52 seconds East, 269.77 feet, an arc distance of 273.22 feet to a 1/2-inch iron rod with "Pacheco Koch" cap found at the beginning of a reverse curve to the right; In a easterly direction, along said curve, having a central angle of 32 degrees, 01 minutes, 21 seconds, a radius of 405.00 feet, a chord bearing and distance of North 74 degrees, 01 minutes, 46 seconds East, 223.42 feet, an arc distance of 226.35 feet to a 1/2-inch iron rod with "Pacheco Koch" cap found at the end of said curve; South 89 degrees, 57 minutes, 33 seconds East, a distance of 928.81 feet to a 1/2-inch iron rod with "Pacheco Koch" cap found for corner at the west end of a corner-clip at the intersection of the said south line of Dividend Drive with the said west line of Beltline Road; South 44 degrees, 57 minutes, 33 seconds East, along said corner clip, a distance of 21.21 feet to a 1/2-inch iron rod with "Pacheco Koch" cap found for corner; said point being in the said west line of Beltline Road; THENCE, South 00 degrees, 02 minutes, 27 seconds West, along the said west line of Beltline Road, a distance of 770.00 feet to the POINT OF BEGINNING; CONTAINING, 1,024,420 square feet or 23.518 acres of land, more or less. PW I & Il.doc LEGAL DESCRIPTION Point West III & IV DESCRIPTION, of a 25.411 acre tract of land situated in the Cordelia Bowen Survey, Abstract No. 56, in the City of Coppell, Dallas County, Texas; said tract being part of that tract described in Special Warranty Deed as "Tract 1" to Duke Realty Limited Partnership recorded in Instrument No. 200600301442 of the Deed Records of Dallas County, Texas; said 25.411 acre tract being more particularly described as follows: BEGINNING, at a 1/2-inch iron rod with "Pacheco Koch" cap found at the northwest end of a corner clip at the intersection of the south right-of-way line of Dividend Drive (a 90' right-of-way), according to the plat of Duke Lesley Addition Dividend Drive and Point West Boulevard, an addition to the City of Coppell, Texas, according to the plat recorded in Instrument No. 20070240528 of said Deed Records, and the west right-of-way line of Point West Boulevard (a 50' right-of-way); THENCE, South 44 degrees, 57 minutes, 33 seconds East, along said corner clip, a distance of 21.21 feet to a 1/2-inch iron rod with "Pacheco Koch" cap found for corner; said point being in the said west line of Point West Boulevard; THENCE, along the said west line of Point West Boulevard, the following seven (7) calls: South 00 degrees, 02 minutes, 27 seconds West, a distance of 93.74 feet to a 1/2-inch iron rod with "Pacheco Koch" cap found for the beginning of a tangent curve to the left; In a southerly direction, along said curve, having a central angle of 45 degrees, 02 minutes, 27 seconds, a radius of 475.00 feet, a chord bearing and distance of South 22 degrees, 28 minutes, 47 seconds East, 363.86 feet, an arc distance of 373.40 feet to a 1/2-inch iron rod with "Pacheco Koch" cap found at the end of said curve; South 45 degrees, 00 minutes, 00 seconds East, a distance of 69.44 feet to a 1/2-inch iron rod with "Pacheco Koch" cap found for the beginning of a tangent curve to the right; In a southerly direction, along said curve, having a central angle of 45 degrees, 00 minutes, 00 seconds, a radius of 425.00 feet, a chord bearing and distance of South 22 degrees, 30 minutes, 00 seconds East, 325.28 feet, an arc distance of 333.79 feet to a 1/2-inch iron rod with "Pacheco Koch" cap found at the end of said curve; South 00 degrees, 00 minutes, 00 seconds East, a distance of 367.88 feet to a 1/2-inch iron rod with "Pacheco Koch" cap found for the beginning of a tangent curve to the right; In a southerly direction, along said curve, having a central angle of 17 degrees, 52 minutes, 50 seconds, a radius of 425.00 feet, a chord bearing and distance of South 08 degrees, 56 minutes, 25 seconds West, 132.09 feet, an arc distance of 132.63 feet to a 1/2-inch iron rod with "Pacheco Koch" cap found at the end of said curve; said point being the northeast end of a corner clip at the intersection of said west line of Point West Boulevard and the north right-of-way line of Interstate Highway No. 635 (a variable width right-of-way); South 63 degrees, 22 minutes, 48 seconds West, along said corner clip, a distance of 21.20 feet to a 1/2-inch iron rod with "Pacheco Koch" cap found for the said north line of Interstate Highway No. 635; PW III & IV. doc THENCE, along the said north line of Interstate Highway No. 635, the following four (4) calls: North 71 degrees, 35 minutes, 05 seconds West, a distance of 272.46 feet to a 1/2-inch iron rod with "DCA" cap found for an angle point; North 51 degrees, 30 minutes, 48 seconds West, a distance of 1,057.19 feet to a broken concrete monument found for an angle point; North 39 degrees, 55 minutes, 52 seconds West, a distance of 808.75 feet to a broken concrete monument found for an angle point; North 35 degrees, 43 minutes, 45 seconds West, a distance of 178.58 feet to a 1/2-inch iron rod with "Pacheco Koch" cap found for the beginning of a non-tangent curve to the left; said point being in the said south line of Dividend Drive; THENCE, along the said south line of Dividend Drive, the following two (2) calls: In an easterly direction, along said curve, having a central angle of 54 degrees, 13 minutes, 48 seconds, a radius of 495.00 feet, a chord bearing and distance of South 62 degrees, 50 minutes, 39 seconds East, 451.22 feet, an arc distance of 468.51 feet to a point at the end of said curve; South 89 degrees, 57 minutes, 33 seconds East, a distance of 1,019.79 feet to the POINT OF BEGINNING; CONTAINING: 1,106,907 square feet or 25.411 acres of land, more or less. PW III & IV.doc LEGAL DESCRIPTION POINT WEST VI, VII & VIII COMBINED DESCRIPTION of a 101.156 acre tract of land situated in the Cordelia Bowen Survey, Abstract No. 56, in the City of Coppell, Dallas County, Texas; being part of that tract of land described in a Special Warranty Deed as "Tract 1" to Duke Realty Limited Partnership recorded in Instrument No. 200600301442 of the Deed Records of Dallas County, Texas; said 101.156 acre tract being more particularly described as follows: BEGINNING, at a 1/2-inch iron rod with "Pacheco Koch" cap found at the south end of a corner- clip at the intersection of the west right-of-way line of Beltline Road (a 120-foot wide right-of-way) with the north line of Dividend Drive, a (90-foot wide right-of-way) according to the plat of Lot 1 and Lot 2, Block C Duke Lesley Addition Dividend Drive and Point West Boulevard recorded in Inst. No. 20070240528, of said Deed Records; THENCE, along the said north line of Dividend Road, the following ten (10) calls: North 89 degrees, 57 minutes, 33 seconds West, a distance of 928.81 feet to a 1/2-inch iron rod with "Pacheco Koch" cap found for corner; said point being the beginning of a curve to the left; In a westerly direction, along said curve, having a central angle of 32 degrees, 01 minutes, 21 seconds, a radius of 495.00 feet, a chord bearing and distance of South 74 degrees, 01 minutes, 46 seconds West, 273.07 feet, an arc distance of 276.65 feet to a 1/2-inch iron rod with "Pacheco Koch" cap found at the end of said curve; said point being the beginning of a reverse curve to the right; In a westerly direction, along said curve, having a central angle of 32 degrees, 01 minutes, 21 seconds, a radius of 405.00 feet, a chord bearing and distance of South 74 degrees, 01 minutes, 46 seconds West, 223.42 feet, an arc distance of 226.35 feet to a 1/2-inch iron rod with "Pacheco Koch" cap found at the end of said curve; North 89 degrees, 57 minutes, 33 seconds West, a distance of 1096.36 feet to a 1/2-inch iron rod with "Pacheco Koch" cap found for corner; said point being the beginning of a curve to the right; In a westerly direction, along said curve, having a central angle of 54 degrees, 13 minutes, 48 seconds, a radius of 405.00 feet, a chord bearing and distance of North 62 degrees, 50 minutes, 39 seconds West, 369.18 feet, an arc distance of 383.33 feet to a 1/2-inch iron rod with "Pacheco Koch" cap found at the end of said curve; North 35 degrees, 43 minutes, 45 seconds West, a distance of 728.59 feet to a 1/2-inch iron rod with "Pacheco Koch" cap found for corner; said point being the beginning of a curve to the right; In a westerly direction, along said curve, having a central angle of 35 degrees, 57 minutes, 42 seconds, a radius of 855.00 feet, a chord bearing and distance of North 17 degrees, 44 minutes, 54 seconds West, 527.88 feet, an arc distance of 536.64 feet to a 1/2-inch iron rod with "Pacheco Koch" cap found at the end of said curve; North 00 degrees, 13 minutes, 57 seconds East, a distance of 202.14 feet to a 1/2-inch iron rod with "Pacheco Koch" cap found for corner; said point being the beginning of a curve to the left; In a westerly direction, along said curve, having a central angle of 36 degrees, 00 minutes, 19 seconds, a radius of 495.00 feet, a chord bearing and distance of North 17 PW VI VII VlIl.doc degrees, 46 minutes, 13 seconds West, 305.97 feet, an arc distance of 311.06 feet to a 1/2-inch iron rod with "Pacheco Koch" cap found at the end of said curve; North 35 degrees, 46 minutes, 22 seconds West, a distance of 45.50 feet to a 1/2-inch iron rod with "Pacheco Koch" cap found for corner; said point being in the south line of that tract of land described in Special Warranty Deed to Coppell Independent School District recorded in Volume 417, Page 461 of the said Deed Records; THENCE, North 89 degrees, 26 minutes, 32 seconds East, along the said south line of the Coppell Independent School District tract and passing the southeast corner of said Coppell Independent School District tract at a distance of 1,202.90 feet, continuing along the south line of Lot 2, Block D, Northlake 635 Business Park, an addition to the City of Coppell, Texas, according to the plat recorded in Volume 87110, Page 1874, of said Deed Records, passing the southeast corner of said Lot 2, Block D at a distance of 487.54 feet, continuing along the south line of Lot 1, Block A, PSINET Addition, an addition to the City of Coppell, according to the plat recorded in Volume 99252, Page 6210, of said Deed Records, continuing a total distance of 2,387.33 feet to a 3/4-inch iron pipe found for corner; said point being the northwest corner of Lot 1, Block B, Coppell Business Center II, an addition to the City of Coppell, Texas, according to the plat recorded in Volume 98008, Page 11, of said Deed Records; THENCE, South 00 degrees, 29 minutes, 23 seconds West, departing the said south line of Lot 1, Block A, and along the west line of said Lot 1, Block B, a distance of 1,111.44 feet to a 3/4-inch iron pipe found for the southwest corner of said Lot 1, Block B; THENCE, North 89 degrees, 25 minutes, 45 seconds East, along the south line of said Lot 1, Block B, a distance of 1,174.28 feet to a 1/2-inch iron rod with "DCA" cap found for corner; said point being in the said west line of Beltline Road; THENCE, South 00 degrees, 02 minutes, 27 seconds West, along the said west line of Beltline Road, a distance of 566.52 feet to a 1/2-inch iron rod with "Pacheco Koch" cap found for corner; said point being the northerly corner of said corner-clip; THENCE, South 45 degrees, 02 minutes, 27 seconds West, along said corner-clip, a distance of 21.21 feet the POINT OF BEGINNING; CONTAINING: 4,406,369 square feet or 101.156 acres of land, more or less. 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