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OR 99-900 Designates Reinvestment Zone 26 (Lam Lee Group) ORDINANCE NO. 99900 AN ORDINANCE OF THE CITY OF COPPELL, TEXAS, DESIGNATING REINVESTMENT ZONE NO. 26 (LAM LEE GROUP); PROVIDING ELIGIBILTY 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 FEASIBI,E AND PRACTICABLE AND OF BENEFIT TO THE LAND AND THE CITY; PROVIDING A SEVERABILITY CLAUSE; PROVIDING A REPEALING CLAUSE; AND PROVIDING AN EFFECTIVE DATE. W!iEREAS, the City Council of the City of CoppeR, 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 ~ CITY COUNCIL OF THE CITY OF COPPELL, D.AI,LAS 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 primmy 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 feasq~le 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 ofthe Texas Tax Code, the property descri~ in Exhibit "A" attached herdo and made a part hereof for all purposes is hereby designated as a reinv~ zone and for identification is assigned the name '~xeinvestment Zone No. 8828162 SECTION 3. That the property within Reinvestment Zone No. 26 is eligible for commercial- industrial tax abatement effective on January 1, 2000. 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 SECTION 5. That all provisions of ordinances of the City of Coppeil, 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 of Coppell, Texas, on the ~ --~ day of )L~~ ~ J ,1999. APPR~, ~~ _ CANDY S~, MAYOR ATTEST: APPROVED AS TO FORM: PETER G. S~~~C~ATTORN~Y (PGS/ul 2 OWNFR'S CFRTIFICATF Whereas . and ore the owner~ of a 13.085 acre tract of land situated in the William K. Payrio Survey, Abstract No. 1140, the C.S. Dunna<Jon Survey, Abstract No. 1439 and the Jessie Moore Survey, Abstract No. 968, Dallas County, Texas; sold tract being part of Lot 5R, Freeport North, an odditio~ to the City of Coppall, Texas according to the plat recorded in Volume 95245, Page 2050 of the Deed Records. Dallas County. Texas; said 1.}.085 acre tract being more particularly described as follows; BEGINNING, at o 1/2-inch iron rod found in the west right-of-way llne of Royal Lane (o 100 foot wide right-of-way); said point being the southwest corner of Lot 343, Freeport North, an addition to the City of Coppall, Texas according to the plat recorded in Volume 92220. Page 702 of the 0eed Records. Dallas County, Texas; THENCE, South 89 degrees, 39 mi0ute, 54 seconds East, along the south line of said Lot 3C, a allstance of 799.18 feet to o 1/2-inch iron rod found for corner;, said point being in the east line of said f~rst coiled Freeport North and the west line of a tract of land described in deed to Angeles Esteve, recorded in Volume 88246. Page 4209 of the Deed Records. Dallas County, Te'xos; THENCE. South 00 degrees, 13 minute, 40 seconds West. departing said south line and along the said east line of the Esteve tract, passing at o distance of 547.94 feet a 1/2-inch iro~ rod w~th 'Pacheco Koch' cap set at he north line of a 100 foot wide Drainage Easement. dedicated by instrument recorded in Volume 84205. Page 1836 of the Deed Records. Dallas County. Texas; continuing along said west line. in all a distance of 599.61 feat to on angle point; THENCE. South 00 degrees. 56 minute, 27 seconds West. continuing along said west line. o distance of 2600 feet to a point for corner: said point being in the centerline of said 100 foot wide drainage easement; THENCE. westerly. deporting said west line and along said centerline. the following three Courses and distances; South 75 degrees. 23 minute. 58 seconds West. a distance of 30966 feet to a point; said point ~eing the beginning of a curve to the right whose center bears North ~4 degrees. 3~5 minute. 02 seconds West. o distance of 1356.90 feet from said point; Westerly, along said curv~ tot he rkjht. through o central angle of 15 degrees. 00 minute. 00 seconds, on arc distance of 550.00 feet. on o chord bearing and dlsl:ance of South 82 degrees. 55 minute, 58 seconds West, 349.00 feet to o point at the end of sold curve; North 89 degrees, 36 minute, 02 seconds West. o distance of 155.49 feet to o point; said point being in the said east rkJht-of-woy line of Ro)~31 Lone: THENCE. north OO degrees. 23 minute, 26 seco-ds East. departing said centerline and along said east line. a distance of 750.41 feet to the POINT OF BEGINNING; CONTAININC. 5~9.974 square feet or 13.085 acres of land. more or less EYtiIBIT "A"