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OR 97-817 Designates Reinvestment Zone 16 ORDINANCE NO. 97817 AN ORDINANCE OF THE CITY OF COPPELL, TEXAS, DESIGNATING REINVESTMENT ZONE NO. 16; 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 ofbcer 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 Coppcll, 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 alter 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 identifmation is assigned the name "Reinvestment Zone No. 16." 13215 SECTION& That the property within Reinvestment Zone No. 16 is eligible for commercial-industrial tax abatement effective on January 1, 1998. SECTION 4. If any article. paragraph or subdivision, clause or provision of this ordinance shall bc 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 fi~om and after its passage, as the law and charter in such cases provide. DULY PASSED by the City Council of the City of Coppeli, Texas, on the ['/7 ~; day of ,"~;'}t:'~.,',2: ,,}i ]3 (/' , 1997. KATHLEEN ROACH, CITY SECRETARY 13235 APPROVED AS TO FORM: PETER G. SM~TORNEY {PGS/pr 10/21/97) 13235 FIELD NOTES Being o tract of land situated In the Cordella Bowen Survey, Abstract NO. 5G, In the CIty of Coppall, Dallas County. Texas, and being part of Northlake 635 Business Pork, an Addltla~ to the CIty of Coppoll, Dallas County, Texas. according to the plat thereof recorded In Volume 85056. Page 3358 of the MOp Records of Dallas County./eras, and being more particularly BEGINNING at O I/2 Inch set Iron rod with plastic yellow cap stamped 'Halff Assoc. Inc.' (I/2 tncn fauna Iron rod with copl-ot the West line of Belt Line Road (a IZO foot width right-of-way at th:5 polntl, and the most southern southeast corner of the Northlake 635 Business Pork, on AdJItlon to the CIty of Coppoll, Texas, according to the plat recorded In Volume 85056, Page 3558. Deed Records of Dallas County, TaxGel TH:NCE South 89 degrees 53 minutes 18 seconds West, 1,174.28 feet. with the North line of o tract at land described In Deed to Hottle Mac Leelay doted January 24, 1958, as recorded In Deed Ru ;ords of Dallas County. Texas, to o t Inch diameter Iron pipe found for corner~ ~HENCF NOrth OO aegrees 56 minutes 56 seconds East, 1,1|1.41 feet, with the East line of sold Le';ley Tract, to o found I inch diameter Iro~ pipel T.ENCE South 89 degrees 50 minutes 51 seconds East. 95.43 feet, to a ~/2 Inch set Iron rod for TH'2NCE North 39 degrees 2t minutes 04 seconds EaSt, 251,T5 feet to a ~/zlnch set Iron rod for corner In the Southerly line of Lakesnone Drive [a 60 foot rlqht-of-woy}. o dedicated street In sold Dr re, on arc distance of 183.25 feet to a V2 Inch Iron rod w/cap found for the point of tendency of I.I'.NCE South 89 degrees 30 minutes O0 seconds East, 388.27 feet, with said Southerly line of of a circular Curve to the right having o Centralangle of (2 degrees 50 minutes t9 seconds, a rodlus at ~00.00'; ~H' NCE with Sold curve In a Easterly alter(Ion and with the sold Southerly line of Lakeshare Or,ve. on arc distance of E,T,22 feet to o ~,'~ Inch Iron rod set for the point of reverse curvature of o curve to the left having o centralangle of 12 degrees SO .;Inute5 19 5econds, a radius of 300.00 feeh ~H"NCE wtr~ sold curve In on Easterly direction and with the sold Southerly line of Lakesnore Orlve, and or~ distance of 67.22 feet to QVZlnCh rod found for the point of tendency of sold Curvel THENCE South 89 degrees 30 minutes O0 seconds East, 20~.34 feet, with sold Southerly line of THFNCE South IG degrees 48 minutes 30 seconds East, 56,09 feet departing sold Southerly IIn,- of Lakeshare 0rive. to o ~/2 Inch Iron rod found for corner Ir~ the west line of Belt Line Rood llz. foot width right*of-way at this palnil; Be ~ LIn~ Rood, to The POINT OF BEGINNING and Containing 1.446.FJ2 square feet or 33.2000 ~XHIBIT "A"