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OR 2000-933 Designates Reinvestment Zone #29 ORDINANCE NO. 2000933 AN ORDINANCE OF THE CITY OF COPPELL, TEXAS, DESIGNATING REINVESTMENT ZONE NO. 28 (CATELLUS DEVELOPMENT CORPORATION); 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 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. 28." 36237 SECTION3. That the property within Reinvestment Zone No. 28 is eligible for commercial-industrial tax abatement effective on January 1, 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 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 14th day of November,2000. CAND ~ N Y i Y- ATTEST: LIBBYBALL, C~ SECRETARY AZ~ ~ FORM: ~'ErTI~b, i~.t~ ~H, CITY ATTORNEY (PGS/tt110/19/C~ 2 36237 FIELD NOTES: WHEREAS, Catellus Development Corporation is the Sole Owner Of a tract of land situated In the Coreella Bower Survey. A/:)StrOCt NO. Be, DallaS County. TexaS, and being Oilof LOT land 2. Block C, and LOT and Common Area I. Block 8 Caraway Business Pork No. ll, an addition to tP.e Clty of CoDaell, as records, In Volume 89190. Page 3418 of the geed Records of Oallos County, Texas, and being more pal tlcularty described as followS: BEGINNING at a Coph SS monument, Said pOInt being on the North right-of-way line of Lyndon B. Johnson Freeway {interstate HIghway 635} {a 400 foot right-of-way at this paint)and the western most sour corner of sold Block C and the East llne of o 5.935 acre tract of land conveyed to the tats Of Texas as recorded rn volume 64195, Page 0604 of said Deed Records: THENCE North 4 d 19 minutes 41 Seconds East. deporting .said North line and along sold East line, o of 740.ZZ feet to o Texas Deportment of Transportation {Tx0OT} monument; THENCE North 6 de, ees 34 minutes 59 seconds East, along sold east llne, a distance of 49.82 feet to aY2lnch se Iron rod with a yellow plastic CoP stamped 'Haiti Associates, fnc,' [hereafter referr~ to as *with coP'), said point being at the Intersection of said east line with the north line of sold 5.935 acre tract; THENCE SOuth 77 de '48 minutes 41 seconds East, deporting said east llne and along sold north line, a of 4.72 feet to aYzlnch set Iron rod with COp, Said point being on tl~e east right-of-way line Freeport Parkway (a I00 foot right-of-way at this point): THFNCE North 11 de ee5 39 minutes 37 seconds East. along said East right-of-way line, a distance of 245.91 :set to a'/zlnch Set IrOn rod with COP for the Oornt Of Curvature Of o circular Curve tO the left a radius Of 870.00 feet, and a Chord becrlng and distance of North-I Degree 27 minutes Seconds East 308.45 feet; THENCE along sold dive to the left and East rlght-of-woy line. through O centralangle of Z0 degrees 25 mlnute~ 17 Seconds for on arc distance of 310.09 feet to ol/2lnch set Iron rod with cap for the pOInt 3f reverse curvature of O circular Curve to the right having o radius of 382,I0 feet, and o chord ,eating an~ distance of North 5 degrees 0 minutes 51 seconds 'Nest, 49.92 feet: THENCE along said to the right end East right-Of-way line. through a Central angle of T degrees 29 25 seconds for on arc distance of 49.95 feet to oy;zlnch set iron rod with GaD for the Dornt of averse CurvatzJre Of a circular Curve to the left having a radius Of 225.48 feet, and a chard bearing distance Of North 8 degrees 29 minutes 16 seconds west, 56.59 feet: THENCE along said Jrve to the left and East right-of-way line, through a centralangle of 14 degrees Z6 mlnu¢e., 38 seconds for an arc distance of 56.84 feet to ayzinch Set Iron rod with cad for the POInt Of c orepound curvature of o CIrCular Curve tO the left having a radius Of 880.00 feet, and a chord becrlr and distance of North 20 degrees 45 minutes 28 seconds West, 155.03. feet: THENCE along Sold rye tc the left and east right-of-way line I c II0 foot right-of-way at this point), thrOUgh 3 angle of 10 degrees S minutes 24 Sadands for on ore distance of 155.23 feet to a Paint fc Corner. Said point being the Intersection Of said East rlght-Of-~/ay and the SOUth end of o corner aID Of the South right-of-way line of Wrangler Drive: THENCE Nortl~ 17 de, lees Z4 m:nutes 8 seconds East along south right-of-way line corner clip a distance Of feet to O point of Curvature of O Circular curve to the right having <I radius of 567.50 feet. and o ;hard becring and distance of North 76 degrees 33 minutes 29 seconds West, 281.92 feet: THENCE along said c jrve to the right and South right-of-way line of Wrangler Drive { o 65 foot right-of-way of ths thrOUgh O centralangle Of 28 degrees 45 minutes 52 seconds for an arc distance of 28 1.90 feet to o point for corner: THENCE SOuth 89 de ;lees 3 minutes 35 seconds East, along sold South right-of-line {variable width rlght-Of-woyl a distance of 397.0Z feet to a point for COrner, Said point being tt~e east;~rn most northeastern pOInt Of said Block B: