OR 2000-917 PSINet, Commerical-Industrial Tax Abatement ORDINANCE NO. 2000917
AN ORDINANCE OF THE CITY OF COPPELL, TEXAS, DESIGNATING
REINVESTMENT ZONE NO. 27 (PSINet); 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;
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF
COPPELL, DALLAS COUNTY, TEXAS THAT:
SECTION 1: That 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 f~nds 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 ai~er the expiration of a tax abatement
agreement.
SECTION 2. That pursuant to the provisions of Section 312.201 of the Texas Tax Code~
the property described in Exhibit ~A~ attached hereto 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. 27.~
SECTION3. That the property within Reinvestment Zone No. 27 is eligible for
cormnercial-industrial tax abatement effective on January l, 2000.
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
tinconstitutional.
SECTION 5. That 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 .l.j~ day of
~ ,2000.
APPROVED:
CAN'~Y SHEF~XN, MA~OR
ATTEST:
LIBBY BAL~, CiT~TSECRETARY
APPROVED AS TO FORM:
PETERT~7 SMITH, C~EY
(PGS/ttl 5/16/00)
2 33897
Description, of a 6.527 acre tract of land situated-in the Cotdelia ~owen Survey.
AbStrao~ No. S6. 'Dallas County, Texas: said tract being part of the Northlake 635
Business Park, an Additiou to the City of Coppoll, Texas according to the final plat
recorded in volume 85056, Pa~e 3358 of the Deed Records of Dallas County. Texas said
tree= being all of Lo~ 2. Block B. Northlake 635 Business Park, an Addition to the
City of Coppoll, Texas according to the Minor Plat recorded in Volume 98193. Page 30
of the Deed Records of D~llas County, Texa~; ea~d tract being all'of the s~me
described in Special Warranty Deed to ACLP Northlake L.P.0 recorded in volume
page 4570 of the Deed Records of Dallas Counny, Texas; said 6.S27 acre tract bein~
m~re particularly described as
BEGINNING at a 1/2-inch iron rod found at the East end of a corner clip at the
interzeotion of the Southwes~ right-of-way line of Lakeshore Drive (a 60 foc= wide
right-of-way) and ~he Southeast right-of-way line of Cresn~ide Drive (a 60 foot w~de
right-of-way); said point being t~e mo~t Easterl~ Northeast corner of the said Lot
THENet South 36 degrees 36 minutes 53 seconds Ea=t~ ~long the said Sou~hwes~ line oE
Lakeshore Drive. a distance uf 1~4.24 feet to a 1/2-inch iron rod found; said
being the Beginning 0f'~'=~urve to the left whose center bears North S~ degrees 21
minute= 07 seconds East, a distance of 380.00 feet from said poinn;
TMENCE Southeasterly. continuing along ~he'$aid Southwest line of Lakeshore Drive.and
said curve =o the left, through a ~entral angle=of-ZSdegree.= 1~ minutes,t1 seconds.
an arc distance of 167.50 feet, cn a chord bearing and distance of South'~9 degrees 14
minutes 3e seconds East. 166.15 Zest to a 1/2-inch iron rod found; said point being
the North corner of Lot 1, Block ~, Northlake ~3~ Business. Park. =n ~d~=ion to the
City of Coppoll, Texas according =o the Ffnal Plat recorded in volume 98008, Page ~!1
of the Deed Record: of Dallas County,
T~ENCS South 39 degrees 21 minutes 04 ~econds west dep.~rting the said Southwest line
of Lak~hore Drive and along a Northwest line of the said Lot 1. a distance of 2Sl.7~
feet to a 1/2-inch ~ron rod found an an angle
TMENCE Nor=k 89 deSreds 3s minutes 29 seconds wezt alon~ a North line of Chc said
1, a distance of 94.84 feet to a 1/2-inch iron rod found az the Northwest comer of
the said Lot 1; said point bein~ the Northeast corner of the remainder of th~ Mat~ie
Mad Lesley nrac="as'described in deed'recorded January'
THENCE South 89 degrees &0 m~nutes S2 seconds west along the North l~ne of =he said
Lesley tract. a distance of 704.00 feet to a 1/2~inch iron rod with "Pacheco Koch" cap
set for corn~: said point being the Southeast corner of Lot 2. Block D, Northlake
Business Park. anAddi~ion Eo the City of Co~pell, Texas according to the Final
recorded in Voluane 87110, Page 18~4 of tee Dee8 Records of Dallas County. Texas;
T~L~MQE North 00 degrees 30 minutes 00 seconds East, departing ~he ea~d North l~ne oE
the Lezley =rnc: =nd along the East line of :he ~aid Lot 2. Block D, a distance of
31~.42 feet no a 1/2-inch iron rod with "~owcll & Powe11. cap found a~ an angle
~{'~CE North 16 degrees 48 minutes 0B :econd~ East. cont~nuin~ along the said East
line o£ Lot 2, ~lock D, a dlscance of 30.69 feet to a 1/2-inch iron rod wish "Powell &
EX]~IBIT "f'
DESCRIPTION
~owell" cap found for corner~ said point being'in the SoUth line cf the said Crestside
Drive;' said point beinS ~he.Be~inning of a non~an~en~ ~Urv~ no the left whose center
bears North 29 degrees 26 minutes 21 seconds East, a diszence oE 380.00 feet' from $eid
THENCE Southeasterly, along the said Sou=h line of Crestside Drive and said curve to
the left, through a central angle of 28 degrees 56 minutes 21 seconds, an arc elistares
of 191.93 fee: on a chord bearing and distance of South 75 degrees 01 minutes 49
seconds East, 189.90 feet to a 1/2-inch iron rod found at the end of said curve;
T~ENCE South 89 degrees 30 minutes 00'seconds East, conzinuing along the said South
line of Crez==iae Drive, a aistance of 206.60 feet tO a 1/2-inch iron rod foun~;.=aid
point being ~he Beginning o~ ~ curve to =he lef: whose center bear= Nornh O0 degrees
30 minutes 00 seconds East, a distance of 380.00 fee~ from said point;
TMENCE Northeasterly, continuing along =he =aid Sou:h lane of erectside Drive and said
curve to the lef:, through a cen:ral angle of 37 degrees 06 minutes ~S seconds, an arc
distance of 246.16 feet:on+j~ chord bearing m~d distance of North 71. d~zreez S6 minutes
32 second~ East, 241.87 fee= =o a 1/~-inch iron rod found at the end 6f said curve;
T~L~NCE North 53 degrees 2a minutes 07 seconds Ea==, along =he' e=id South line of
Crest~ide Drive a distance of 109.67 fee~ to a 1/2-inch iron.rod found;. said. point
being the West end of the said corner clip a: the interSeCtion of the So6thwest
right-of-way line of Lakeshore Drive and the Southeast right-of-way line of Crcs~ide
Drive;
THENCE South 81 ~egrees 3~ minutes S3 seconds East, along the said corner clip, a
distance of 21.~1 feet no ~he Point of Beginning;
Ccn:aining, 284,334 square ~eet or 6.527 acres of land, more or lest.
NOTE: COMPANY DOE~ NOT REPRESENT T~AT TEE ABOVE ACREAGE AND/OR SQUARE FOOTAGE
CALCULATIONS ARE COP. RECT.
EXHIBIT