OR 93-607 Designates Reinvestment Zone 1 ORDINANCE NO. 93607
AN ORDINANCE OF THE CITY OF COPPELL, TEXAS, DESIGNATING
TAX ABATEMENT REINVESTMENT ZONE NO. I (TAR-1); 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 MAXIMUM
PERIOD OF ABATEMENT OF FIVE (5) YEARS; 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, 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.
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SECTION 2. That pursuant to the provisions of Section 312.201 of the Texas
Property 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. 1, City of Coppell, Texas
(TAR-l).
SECTION 3. That the property within Tax Abatement Reinvestment Zone No.
1 is eligible for commercial-industrial tax abatement effective on January 1, 1993, and shall
terminate on December 31, 1997, provided that it may be renewed by the City Council
at that time for additional periods not to exceed five (5) years.
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.
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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, this the
/ ~ day of 1993.
APPROVED:
....... ~ ~\ .. MAYOR
ATTEST:
AGGO~38D
62.528 ACRE PROPERTY DESCRIPTION
SITUATED in Dallas County, Texas, and being a tract of land in the S.A. and M.G.R.R.
SURVEY, Abstract No. 1439, and being more particularly described as follows
BEGINNING at the point of intersection of the northerly right-of-way line of the St.
Louis-Southwestern Railroad with the west line of a 20 foot wide street easement
granted to the City of Coppell by instrument recorded in Volume 79074, Page 69, of
the Deed Records of Dallas County, Texas, said point being 20.06 feet South 87 degrees
24 minutes West from an iron rod in place at the point of intersection of said
northerly line of railroad right-of-way with the present west line of Esters Road;
THENCE South 87 degrees, 24 minutes West with said northerly right-of-way line of
railroad, 1462.2 feet to an iron rod;
THENCE North 1 degree, 39 minutes, 45 seconds East, 1928.4 feet to an iron rod in the
south line of Bethel School Road;
THENCE with said south line of Bethel School Road as follows:
South 86 degrees, 15 minutes, 27 seconds East, 278.45 feet;
North 4 degrees, 15 minutes, 30 seconds East, 11.4 feet;
South 88 degrees, 38 minutes, 18 seconds East, 119.85 feet;
South 0 degrees, 59 minutes, 30 seconds West, 8.5 feet and
South 88 degrees, 43 minutes East, 1061.55 feet to an iron rod in the west
line of Esters Road;
THENCE South 1 degree, 20 minutes West with said west line of Esters Road, 293.0 feet
to an iron rod at a fence corner;
THENCE North 88 degrees, 43 minutes West 10.78 feet to the northwest corner of said
20 feet wide street easement;
THENCE South 1 degree, 24 minutes west with the west line of said 20 foot wide
street easement, 1527.11 feet to the PLACE OF BEGINNING, and containing 62.528 acres
(2,723,716 square feet), more or less.
EXHIBIT A