OR 2016-1455 Designating Reinvestment Zone 110 SFPLP HoldingsAN ORDINANCE OF THE CITY OF COPPELL, TEXAS
ORDINANCE NO. 2016-1455
AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF
COPPELL, TEXAS, DESIGNATING REINVESTMENT ZONE NO. 110 (SFPLP
HOLDINGS MANAGEMENT, LLC); 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. 110 SFPLP
Holdings Management, LLC."
SECTION 3. The property within Reinvestment Zone No. 110 is eligible for commercial -
industrial tax abatement effective on January 1, 2016.
SECTION 3. The property within Reinvestment Zone No. 110 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 13 day of
2016.
AT
�CMSTEL PETTINOS, CITY SECRETARxYJ
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Exhibit "A"
(Legal Description of Land)
Lot 1, Block A of the Gateway Business Park No. 2 (4.73 acres) and 6.987 acres of unplatted land from the Joel
Wilson Survey, Abstract Number 1555 and the James A. Simmons Survey, Abstract Number 1296, located at the
southeast corner of Fritz Drive and Freeport Parkway