RE 2012-1211.2
RESOLUTION NO. 2012-1211.2
A RESOLUTION OF THE CITY OF COPPELL, TEXAS
DECLARING THE CITY’S SUPPORT OF PROPOSED
LEGISLATION THAT WOULD AUTHORIZE THE CREATION OF
THE COTTON BELT RAIL IMPROVEMENT DISTRICT;
PROVIDING AN EFFECTIVE DATE.
WHEREAS
, the City of Coppell, Texas (“City”) has received a request from promoters
of the development of the Cotton Belt Rail Improvement District that the City support proposed
legislation that would authorize the creation of a special purpose district to facilitate the
development of the Cotton Belt passenger rail project along the approximately 62-mile Cotton
Belt rail corridor (or any portion of it) that extends from southwest Fort Worth to Plano; and
WHEREAS
, the City may benefit from the creation of this district, including the
development of commuter rail within the City, which rail project will be of significant
importance to the long term future growth of the City and of benefit to its citizens; and
WHEREAS
, it is contemplated that one rail station will be included in the special
purpose district on property immediately adjacent to the city limits of the City potentially on
portions of property owned by the City; and
WHEREAS
, it is contemplated that the special purpose district will facilitate the
development of the Cotton Belt passenger rail project by providing a funding mechanism to
assist with the financing of the project; and
WHEREAS
, it is contemplated that revenues from existing or newly created tax
increment reinvestment zones, revenues from public improvement districts, and other economic
development streams of revenue of the City, may be utilized to assist with the development of
the project; and
WHEREAS
, the proposed legislation to create the Cotton Belt Rail Improvement
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District, to be filed in the regular session of the 83 Texas Legislature, is consistent with Chapter
375 of the Texas Local Government Code.
NOW, THEREFORE,BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF COPPELL, TEXAS:
Section 1.
The City Council hereby declares its support of proposed legislation that
would authorize the creation of the Cotton Belt Rail Improvement District by the Legislature of
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the State of Texas, a draft copy of which legislation, to be filed in the regular session of the 83
Texas Legislature, is attached to this Resolution.
Section 2.
This Resolution shall take effect upon its passage and approval.
PASSED AND APPROVED by the City Council of the City if Copp- , Texas this 1day
of,Ite_c_p_,y�12,Ch , 2012.
Kare► Selbo Hunt, Mayor
ATTE .' :
By: _ /.' /
Christel Pettinos, ity Secretary
APPROVE 1 A TO :
By: /77 1 d.'
Robert E. Hager,(ty Attorney