OR 2016-1451 Designating Reinvestment Zone 107 ZS PharmaAN ORDINANCE OF THE CITY OF COPPELL, TEXAS
ORDINANCE NO. 2016-1451
AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF
COPPELL, TEXAS, DESIGNATING REINVESTMENT ZONE NO. 107 (ZS
PHARMA, INC.); 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; and,
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF
COPPELL, DALLAS COUNTY, TEXAS, THAT:
SECTION 1. 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. Pursuant to the provisions of Section 312.201 of the Texas Tax Code, the real
property described in Exhibit "A" 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. 107 ZS Pharma,
Inc."
SECTION 3. The property within Reinvestment Zone No. 107 is eligible for commercial -
industrial tax abatement effective on January 1, 2016.
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. 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 of Coppell, Texas, on the day of
N� 2016.
APPROU D S TO F
CITY ATTORNEY
Exhibit "A"
(Legal Description of Land)
Lot3R-1, Block 8 of Park West Commerce Center (15.688 acres)