OR 91-511 Rediform Tax Abatement Area as reinvestment zone AN ORDiNANCE OFTHE CITY OF COPPELL, TEXAS
ORDINANCE NO. 91511
AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF COPPELL,
TEXAS, DESIGNATING THE REDIFORM TAX ABATEMENT AREA AS A
REINVESTMENT ZONE PURSUANT TO SECTION 312,201 OF THE PROPERTY
REDEVELOPMENT AND TAX ABATEMENT ACT; PROVIDING A SEVERABILITY
CLAUSE; AND DECLARING AN EFFECTIVE DATE.
WHEREAS, the City Council of the City of Coppell, Texas, held
a public hearing at 7:00 o'clock p.m. on the 23th day of July.
1991, at the Coppell City Hall, to designationof the
Rediform Tax abatement Area as a reinvestment zone pursuant to
Section 312,201 of the Property Redevelopmerit and Tax Abatement
Act; and
WHEREAS, the Council finds that all notices required by law
were properly and timely given and that at such hearing all
interested persons were heard and given the opportunity to present
evidence for and against the designation; and
WHEREAS, after holding said public hearing the City Council
made a finding, and does hereby find, that the area if so
designated, would be reasonably likely to contribute to the
retention or expansion of primary employment or to attract major
investment in the zone that would be a benefit to the property and
that would contribute to the economic development of the City and
that said property is eligible for commercial-industrial tax
abatement; and
WHEREAS, the City Council further found, and does hereby find,
that the improvements sought are feasible and practical and would
be a benefit to the land to be included in the zone and to the City
of Coppell after expiration of an agreement between the City and
the owners of said property.
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY
OF COPPELL, TEXAS:
SECTION 1. DESIGNATION OF REINVESTMENT ZONE
That the property owned by Prentiss/Copley Investment Group
and under lease to Rediform, a division of Moore Business Forms,
Inc., described as Lot 1, Block 8 of Park West Commerce Center, an
addition to the City of Coppell, more specifically described in
Exhibit "A" and shown on Exhibit "B" attached hereto, which are
made a part hereof for all purposes, be and the same is hereby
designated a Reinvestment Zone pursuant to Section 312.201 of the
Property Redevelopment and Tax Abatement Act.
SECTION 2. SEVERABILITY CLAUSE
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 3. EFFECTIVE DATE
This ordinance shall take effect immediately from and after
its adoption, as the law in such cases provides.
DULY PASSED by the City Council of the City of Coppell, Texas,
on the 23th day of July, 1991.
APPROVED
Mark Wolfe
MAYOR
ATTEST:
Dorothy Timmons
CITY SECRETARY
APPROVED AS TO FORM:
Lawrence W. Jackson
CITY ATTORNEY
Lot l, Block 8 of Park West Comanerce Center, an addition to the City of
coppell, Texas and being more particularly described as follows:
BEGINNING AT 1/Z - inch set iron rod located at the Intersection of the West
right-of-way line of Belt Line road (120 feet wide) with the South right-of-
way line of Airline Drive (60 feet wide),
T]IENCE North 890 06, 45" West along the south right-of-way line of said
Airline Drive, a distance of 3908.52 feet to an iron rod for corner said
point being the point of commencing;
THENCE Eouth 89o 06' 46" East along the South R.O.W. of Airline Drive, 540.00
feet to ~n iron rod for ~orner;
T][ENCE South 0o 53' ~4" West 559.S0 feet %o an iron rod for oorner;
THENCE North 89~ 06' 46" We~t 544.53 feet ~o an iron .ro~ for oozner;
THENCE ~orth 01~ 20' 07" East 559.02 feet to the point of oo~enotng ~nd
containing 303,068;26 square feet or 6.957 acres of land more or less.
EXHIBIT
MAC ARTHUR iNVESTMENTS, INC.
VOL 86126, PG. 0728 I]RDCT
~1
I ; -
r ' .. '. '. I
~;,..'
~l'* ;.,. c.". j::-?-"
.......
"> ..,
~-~ ~.~-~--- -. ~ , .~ ..~... .
- -,, : ~ >;,~'.* . :'} . ,C
. .,;....,-y.;...:..~..,
-' ).: ?.'~, :. -'{.~ .:;] .7.'' ' ' ....' ~
....-.,:. ...
. . -:{_ :, '.' ,'...] -.-.,,.. EXHIBIT "B' '
...-:/, -:-~:,, -
...W /