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OR 89-461 Designates Baptist Foundation Tax Abatement Area as a reinvestment zone AN ORDINANCE OF THE CITY OF COPPELL, TEXAS ORDINANCE NO. 89461 AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF COPPELL, TEXAS, DESIGNATING THE BAPTIST FOUNDATION 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 CoppeI1, Texas, held a public hearing at 7:30 o'clock p.m. on the 12th day of December, 1989, at the Coppert City Hall, to consider designation of the Baptist Foundation Tax Abatement Area as a reinvestment zone pursuant to Section 312.201 of the Property Redevelopment 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 of Coppell and that said property is eligible for residential tax abatement and/or 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 Coppel] 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 the Baptist Foundation of Texas and its wholly owned subsidiary, Branch Properties, Inc., that is generally bounded on the north by Bethel Road, on the east by Denton Tap Road, on the south by the STL & SW RR, and on the west by Coppell Road, more specifically described in Exhibit "1" and shown on Exhibit "2" 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 shah 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. ECTION 3. EFFECTIVE DATE This ordinance shall take effect immediately from and after its adoption, as the law in such eases provides. DULY PASSED by the City Council of the City of Coppell, Texas, on the 12th day of December, 1989. APPROVED: Mark Wolfe MAYOR ATTEST: Dorothy Timmons, City Secretary APPROVED AS TO FORM: CITY ATTORNEY CO89-1208 DEC O~ ~B 18:09 GRAHAH A'.3SOC. (~BI?)~S~-S~O P.~/5 PROPERTY DESCRIPTION TRACT 1 BEING a 114.6/9 acre tract in the J.A. Simmons Survey, Abstract'No, 1296 situated in the City of Coppell, Dallas County, Texas, and being more particularly described as follows: BEGINNING at a ½ inch iron rod found at the intersection of the east line of Coppell Road {a 60 foot R.O.W.) with the north line of the Cottonbelt Railroad right-of-way (50 foot from centerline); THENCE North 00003'34" East, along said east line of Coppell Road, 551.92 feet to a 1/2 inch iron rod found for corner; THENCE South 89°46'23'' East, leaving said east line of Coppell Road, 318.66 feet to a set 1/2 inch iron rod for corner; THENCE North 00°34'53" East, along a fence line, 147,88 feet to a 5/8 inch iron rod found for corner; THENCE South 8)°21'02'' West, along a fence line, 320.38 feet to a set ½ inch iron rod for corner on the east line of said Coppell Road; THENCE North 00°03'18" East. along said east line of Coppell Road, along a fence line 360,24 feet to a set ½ inch iron rod for corner; THENCE North 87°00'49" East, leaving said east line of Coppell Road along a fenceline. 90.00 feet to a to a set ½ inch iron rod for corner; THENCE South 86°07'31" East, 50.25 feet to a set 1/2 inch iron rod for corner~ THENCE SOUth 00~13'49'' West, 69.00 feet to a set ½ inch iron rod for corner; THENCE North 87°02'22" East, 44.03 feet to a set .) inch iron rod for corner; THENCE South 00°13'49'' West, 5.87 feet to a set ) inch iron rod for corner; THENCE South 87~13'48'' East, along a fence line, 140.07 feet to a ½ inch 'iron rod found for corner; THENCE North 00~20'07" East, along a fence line, 539.56 feet to a fence'post found for corner; THENCE North 87°17'24" West, along a fence line, 139.03 feet to a set½ inch iron rod for corner; THENCE North 00~05'18" East, 195.49 feet to a 3/8 inch iron rod found for corner on the south line of Bethel Road (a 50 foot THENCE South 88~13'24" East, along said south line of Bethel Road, 204.92 feet to a5/8 inch iron rod found for corner; THENCE South 88°38'14" East, continuing along said south line of Bethel Road, 734.15 feet to a set 1/2 inch iron rod for corner; EXHIBIT No. 1 THENCE South 02 24'07" West, leaving the south line of Bethel Road, 100.33 feet to a set ) inch iron rod for corner; THENCE South 88°24'47" East, 102.25 feet to a set ½ inch iron rod for corner; THENCE North 01°22'45" East, 100.00 feet to a set ½ inch iron rod for corner on the south line of said Bethel Road; THENCE South 88~24'20" East, along said south line of Bethel Road, 23.85 feet to a set 1./2 inch iron rod for corner being the beginning of a curve to the right having a central angle of 90°49'27'', a radius of 50.00 feet, and a tangent of 50.72 feet; THENCE Southerly, along said curve, for an arc distance of 79.26 feet to a set 1/2 inchiron rod for corner on the west line Of a Park Road {variable R.O.W.}; THENCE South 02~25'07~' West, along said west line of Park Road, 473.38 feet to a set t inch iron rod for corner; THENCE South 47"22'46'' West, continuing along said west line of a Park Road,79.71 feet to a set 1/2 inch iron rod for corner on the south line of said Park Road; THENCE North 89°17'30" East, along said south line of a Park Road, 79.71 feet to a 7/8 inch iron pipe found on the east line of said Park Road; THENCe North 02~27'30" East, along said east line of a Park Road, 362-57 feet to a set ) inch iron rod for corner; THENCE South 88~26'58'' East, leaving said east line of a Park Road, feet to a set ) inch iron rod for corner; THENCE North 01~36'02" East, 152-~2 feet to a set ) inch iron rod for corner on the south line of said Bethel Road~ THENCE south 87~20'24'' East, along said south line of Bethel Road, 314.43 feet to a set 1/2 inch iron rod for corner; THENCE South 88~4~'24'' East, continuing along said south line of Bethel Road, 1273 .52 feet to the beginning of a curve to the rilght having a central angle of 02 27'13'', a radius of 1,095.92 feet, and a tangent of 23.47 feet; THENCE Easterly, continuing along said south line of Bethel Roedin along said curveto the right, for an arc length of 46.93 feet to ) point for corner i being the intersection of sad south line of Bethel Road with the west line of Denton Tap Road (100 foot R.O.W.}~ THENCE South 01~17'37'' West, along said west line of Denton Tap Road, 1,206.36 feet to a set 1/2 inch iron rod for corner at the intersection of said west line of Denton T Road with the north line of said Cottonbelt Railroad right-of-way; PblO'3g~bJ,J 80:6 68, c. ,jJ'5 [,":EC v34 'E:9 18:1'3 GR,qH~qI'I .J:)C. ~81'7)6:)~-,",8'~0 P,4/S THENCE South 76°24'37" West, along said north line, 796.09 feet to a set ½ inch iron rod and the beginning of a curve to the right having a central angle of 10"59'24", a radius of 3,420,07 feet, and a tangent of 329.01 feet; THENCE westerly, continuing along said north line along said curve to the right for an arc distance of 656.00 feet to a stake found in a fence line; THENCE South 87~24'00" West, continuing along said north line, 2,081.06 feet to~ POINT OF BEGINNING and CONTAINING 4,995,437.20 square feet o~ 114.679 acres of land ' ['~EC ~4 ':39 18:11 GRAHF 30~:. ~817~633-5~.~0 P,5/5 PROPERTY DESCRIPTION TRACT 2 BEING a 0.483 acre tract in the J,A. Simmons Survey, Abstract" N~ 1296 situated in the City of Coppell, Dallas County, Texas, and being more particularly described as follows: COMMENCING at the intersection of the east line of Coppoll Road (a 60 foot R.O..W.) with the south line of Bethel Road {a 50 foot R.O.W.}; THENCE South 00°00'34" West, along said east line of Coppoll Road, l94.25 feet to a one inch iron pin found for corner being the POINT OF BEGINNING of this tract~ THENCE South 00~00'34'' West, continuing along said east line of Coppell Road, 105.06feet to a 7/8 inch iron pipe found for corner; THENCE South 87~14'06" East, leaving the east line of Coppoll Road~ 186,82 feet to a set ½ inch iron rod for corner~ THENCE North 00~46'30" East, 105.81 feet to a set ½ inch iron rod for corner; THENCE North 87~28'54" West, 188,~0 feet to the POINT .0F BEGINNING and CONTAINING 19,764.10 square feet or 0.453 acres of land." u BETHEL ' ,.5' / TE' ST~-~ SW RR BURNS ~ ' ISOUTHV~ESTERI, i o 0 / NORTH LAKE EXHIBIT No. :~