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OR 98-855 Designates Reinvestment Zone 22 (IBM Call Center) ORDINANCE NO. 98855 AN ORDINANCE OF THE CITY OF COPPELL, TEXAS, DESIGNATING REINVESTMENT ZONE NO. 22 (IBM CALL CENTER); PROVIDING ELIGIBILITY OF THE ZONE FOR COMMERCIAL-INDUSTRIAL TAX ABATEMENT; CONTAINING FINDINGS THAT THE AREA QUALHYlES 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 properly 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 CTI'Y 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 wilt, 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 al~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. 22." I 8821501 SECTION 3. That the property within Reinvestment Zone No. 22 is eligible for commercial- industrial tax abatement effective on January 1, 1999. 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. 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/6~' rr ~1 day of IL'~,'~: ~ ~- ~ - , 1998. APPR,OVED: .- / C~A~(Y SHEE~IA~, ATTEST: / PETE G. S ,n O TY TTO ,NEY (PGS/ta ~0/27/~8) 2 ss~0~ LEGAL DESCRIPTION Being a Iract of land situated in the James A- Simmons Survey Abstract No. 1296, in the City of Coppoll, Dallas County, Texas, and being all of Lot 1, Block 5 of Park West Commerce Center as roeordeal in Volume 98191, Page 33 Dallas County Deed Records (D.C.D.R.), and being more particularly dcscn'bed as follows; BEGINNING at a Vz-inch iwn rod with a yellow plastic cap stamped "Halff Assoe" (hex~afier called "with cgp'), found at the noxthwest carner of sald Lot 1, Block 5 of park W~t Co-~-~erce Center Volume 91~191 Page 33, said point being located along the f. outh right-of-way of Airline Drive (60 feet wide); THENCE South 89 degrees 06 minutes 46 seconds East, along said south right-of-way of Airline Drive a distance of 760,47 feet to a *h-inch iron rod with cap found for a comer; TI-fENCE South 74 degrees 11 minutes 05 seconds East conunumg along s~id south fight- of-way a distance of 64.05 fet-t to a Vz-inch rod with cap found for a cometl THENCE South 89 degrees 06 minutes 46 seconds East a distance of 124.92 feet to a inch iron rod with cap found for a comer at the no~,hwest point of a radial comer clip located along the west right-of-way of Beltline Road 020 foot right-of-way at this THENCE along said comer clip, departing said south fight-of-way an arc distance of 59.94 feet, through a central angle of 90 degrees 22 minutes and 29 seconds, a radius of 38.00 feet to a W-inch iron rod with cap found for a comer on the west right-of-way ofB eltline Road; THENCE South 01 dogrue 15 minutes 30 seconds West along said west right-of-way a distance of 332.09 feet to a point for a comer; THENCE South 08 degrees 06 minutes 14 seconds West, a distance of 100.72 feet to a pont for a comer, THENCE South 01 degree~ I5 minutes 30 secondi~ West a distance of 149.25 feet to a point for a comer; TI-I~'CE South 89 degrees 06 minutes 46 seconch East a distance oft2.00 feet to apolnt for a comer;, THENCE South 01 de~rees 15 minutes 30 seconds West a disumce of 9.50 feet to a point for a comer; THENCE North 89 degree~ 06 minutes 46 seconds West departing said west xight-of-w:~y line a dime of 981-45 feet to apoint for a comer; THENCE North 00 de~rees 53 minut~ 14 seconds East along the west llne of said Lot 1, Block 5, a distance of 645,50 feet to the POINT OF BEGINNING AND CONYAINING 628,966 square feet or 14.439 ac~es ofl~na_ more or less. EXMIBIT "A"