OR 2016-1456 Designating Reinvestment Zone 106 MLRPORDINANCE NO. 2016-1456
AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF COPPELL,
DALLAS COUNTY, TEXAS, DESIGNATING REINVESTMENT ZONE NO. 106
(MLRP PARK WEST CROSSING, 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 FOR A SEVERABILITY CLAUSE; PROVIDING FOR A REPEALING
CLAUSE; AND PROVIDING FOR THE EFFECTIVE DATE OF SAID
ORDINANCE.
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,
WHEREAS, the proposed Tax Abatement Agreement by and between the City of Coppell, Texas, and MLRP
Park West Crossing, LLC, attached hereto as Exhibit `B," has been presented to the City Council; and the City
Council is of the opinion and finds that the terms and conditions thereof should be approved and that the Mayor
should be authorized to execute the Agreement on behalf of the City of Coppell.
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. 106" or "MLRP Park West Crossing, LLC".
SECTION 3. The property within Reinvestment Zone No. 106 is eligible for commercial -industrial tax
abatement effective on January 1, 2016.
SECTION 4. The Agreement attached hereto as Exhibit `B" having been reviewed by the City Council and
found to be acceptable and in the best interests of the City and its citizens, is hereby approved, and the Mayor
is hereby authorized to execute the Agreement on behalf of the City of Coppell, Texas.
SECTION 5. Should any word, sentence, paragraph, subdivision, clause, phrase or section of this ordinance
be adjudged or held to be void or unconstitutional, the same shall not affect the validity of the remaining portions
of said ordinance or as amended hereby, which shall remain in full force and effect.
SECTION 6. All ordinances of the City of Coppell in conflict with the provisions of this ordinance shall be,
and the same are hereby, repealed; provided, however, that all other provisions of said ordinances not in conflict
herewith shall remain in full force and effect.
SECTION 7. This ordinance shall take effect immediately from and after its passage in accordance with the
provisions of the Charter of the City of Coppell, and it is accordingly so ordained.
DULY' PASSED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF COPPELL,
DALLAS COUNTY, TEXAS, ON THIS THE I DAY OF 17P ca-;: LD , 2016.
AT ST:
RISTEL PETT S, CITY SECRIffARY
AS TO FORM:
ROBERT E. HAGEW CITY ATTORNEY
Exhibit A
Legal Description
Block A, Lots 2 - 5 of Park West Crossing (24.059 acres)
Exhibit B
Tax Abatement Agreement to be attached.