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OR 98-851 Designates Reinvestment Zone 20 ORDINANCE NO. 98851 AN ORDINANCE OF THE CITY OF COPPELL, TEXAS, DESIGNATING REINVESTMENT ZONE NO. 20; 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~ 1AND 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 ORDA1NED BY THE CITY COUNCIL OF THE CITY OF COPPELL, DALLAS COUNTY, TEXAS THAT: SECTION 1: That the City Council of the City of Coppcll, 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. 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. ] SS20852 SECTION 3. That the property within Reinvestment Zone No. 20 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/.. >~,/z~ day of ATTEST: KATHLEEN POACH, CITY SECKETAKY APPKOVED AS TO FORM: ~ ~'ETEK G. S~ CITY ATTORNEY (PGS/III 9/23/98) 2 SS20852 LEGAL DESCRIPTION Being a tra~ offand sirda~l in the James A. Si~,~ons Survey, Ah~:t No. 1296, in the Ci~ of Coppell, Dallas County, T~cas and being all of Loi I, Block 7 ofth~ repla~ of all ofBlock S smt 6 and ~ of Block 7 l'a~k West CorameEe Center, as recot6ed in Volume 9~017, Page 398 (D.R.D-C.T-), ~d all of Lot 3, Block 7 of tl~ r~lar oF ali of Lot 3 and Lot 1, Block 7 Park West Commerce C_*~__r_--, as z~r. orded on Volume 9~S158, Page I324 (D.R.D.C.T.) and being more l:~rficularly dsscn'bed as follows: BEGINNING g a l.r2 inch iron m<! with a yellow plastic cap sunnped "HALFIr AS,SOC. INC.' (herP. ai:~r r~f'~r~t to ~ 'with cap") found ~t the soulhedy comer ors comer clip on the uortherly right-of-way of Wrangler Driv~ (60 feet wide) at the into-section with the ~y right-of-way of Emerpr~ Drive (55 feet wide); THb'~CE North ~4 dq~,es 06 mlnu~s 46 seconds West, along said comer clip, a clis~ance of 28.2S feet to a IF2 inch iron tact with cap found on the easlsriy right-of-way of Enterprlse Dri~ (65 fwt wide); THENCE North 00 deSx~es 53 minutes 14 seconds East, alon~ said ~iste~ly right of way, a distance of 897.99 f~ to a I/2 inch iron rod found g the ~ corner of Lot 2, Block 7 Park We. st Commes~e Cnn~-r, ~s reco~kd in ¥olum~ 91071, Pa~e2582 (D.R.D.C.T.); THENCE South S9 deSr~s 06 ,,,,,urea 46 seconds Fast, departs said ~asterly fight-of-way along the south li~ of sald Lot 2, Block 7, a distan~ of 375.50 feet to a I/2 inch iron v~l found at the southeast comer of said Lot 2, Block 7; TH~'NCE South 00 degr~ 53 minutes 14 second~ W~st. departln~ said south l~ne and alon~ the w~-~t line of Lot 4, Block 7 of said P~k West Commer~ Center recorded in Volume 94155, Ps~ 132~, a dis~anc~ of 360.00 feet t'o a 1F2 ~ ixon rod found ~ the southwest comer of said Lot 4, Block 7; THENCE South S9 ~ 06 minu~s 46 seconds Fast, dq~ting said west line and along the south li~ of said Lot 4, Block 7, a cli.s~,mce of.S40.00 fe~ to a lr2 h~ ~ro,, rod with cap found at the southeasx comer of said Lot 4, Block 7; THENCE South 00 degrees 5~ rnin~es 14 seconds W~--r, dq~-tlns said south line se~ along the wes~ line of Lot 5, Block ? of said Park W~st Comxnerce Center zecolded in Volume 95017, Ps~e 398, a di,s~2~xc~ of 547.~9 f~-'l to a I/2 inch iron rod with cap found a~ the south,~-st corner of said Lot 5, Block 7, said point being on th~ north ~ of said Wrangler Drive; THENCE North 89 deW~.s 06 ~inutes 46 ~conds W~t, dq~iing said v,~st line and along rJxe northerly rigin-of-way of Wrangler Drive. a dlslan~ of 895.50 f~t to the POINY OF BEGINNING AND CON'rAINING 635,67~ sq~re feet or 1~.616 acres of hnd mo~ or EXtlIBIT "A" LEGAL DF~CI~rION Being a tract oflsnd sittsa~:l in the James A Simmons Survey, Ab~Iract No. 1296, in the CRy of Coppell, Dallas Coumy, Texas and being all of Lot 3R, Block $ of th~ ~-plst of all of Block 7 and 8 Park West Commerce Cenzer, as r~corded in Volume 91002, Page 31 (D.R.D.C.T.) and bei,~S mo~ patti~ahrly d6m'bed as follo,~: BEGINNING ~r a lf2 inch iron rod with yellow plastic cap stsmped 'HALFF A$SOC. INC." (hereafter r~ferr~d to as 'wkh cap") sst ~z the southerly gon~r of a 20 foot corner clip en the northerly rig~t-of-vtay line of Wrangler Drive (60 feet ~nid~) lv,:__~_,yl ~t the intersection with the we~-rly right-of-~,~y line of Enterprise Driv, (65 fz~t wide); THENCB North $9 dqt,,,-o 06 minu~s 46 .?~econtl~ W~t, alvng ~tid not~h fight-of-way, a distanc~ of S55.10 feet to · 3/4 inch ~'~n x~i with "Day/s" c~ found af ti~ gnr, hwest comer of said Lot 3P,, Block 8; THENCE North 01 degtee~ 19 minu~es 2g seconds F_~_~ departing said north line and along the west line of Lot 3R, Block 8, · distance of 442.86 feet to a 3/4 inch iwn rod found on a ~ curve to the right having a radius of 3S2.25 feet and ~ chonl ~ North lg degte~ 19 minutes 44 seconds We~ 25~.90 fwt; THENCE along said ~;,,;~Jm- c~ve continuing along said west line, through a ctntral angle of 39 degn~s 16 rnin~,~ 16 secvnds, an ate distance of 261.99 feet, to a lf2 inch iron rod found for cortl~:r; THENCE North 01 ctegr~es 20 minutes 07 seconds Ea=q, continuing along r~aid ,,,~t lin~, a cli~ance of 96.56 f~*Z ~o ~ Z/2 inch iron rod found at the so~hvt~'t con~r of Lot 1, Block 8 Pa~k West Comm~ce Center as re~xm:led in Volume 93080, Page 2115 (D.R.D.C.T.); TI-tt:NCE South 89 degrees 06 minu~es 46 seconds East, along the ~outh line of said Lot I, Block 8, and Lot 2R, Block S, · distance of 955.52 ~ to a 1/2 inch iron rod with cap s~t on the westerly right-of-w'ay of En~F,;se Drive (65 fe~t wide); THENCE South 0O degxe~ 53 minut~ 14 s~c, onds West, along said Wast righi-of-v~y, · distance of 761.99 feet to a I/2 inch ;,or, md with c.~ set at th~ honk-fly corner of ~ afor~m~tioned 20 fo~t comer cup; THENCE South 45 degrees 53 ruinutes 14 seconds West, along said comer clip a distance of 28.28 feet to the FOINY OF BEGINNING AND CONTAINING 704,441 gluan~ fret vr 16.172 ac-r~ of land mot~ vr EX~HIBIT "A"