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0802 ORDINANCE NO. 802 AN ORDINANCE DESIGNATING REINVESTMENT ZONE NUMBER THREE IN THE CITY OF SOUTHLAKE, TEXAS, PURSUANT TO CHAPTER 312 OF THE TEXAS TAX CODE; ESTABLISHING THE BOUNDARIES THEREOF AND OTHER MATTERS RELATING THERETO; PROVIDING THAT THIS ORDINANCE SHALL BE CUMULATIVE OF ALL ORDINANCES; PROVIDING A SEVERABILITY CLAUSE; AND PROVIDING AN EFFECTIVE DATE. WHEREAS, the City Council of the City of Southlakc, Texas (the "City"), desires to promote the development or redevelopment of a certain contiguous geographic area within its jurisdiction by the creation of a reinvestment zone for commercial-industrial tax abatement, as authorized by Chapter 312, of the Texas Tax Code (the "Act"); and WHEREAS, the City Council, by resolution has established certain guidelines and criteria governing tax abatement agreements and indicated thc desire of the City of Southlake to participate in tax abatement; and WHEREAS, on June 14, 2001, the City held a public hearing on the proposed designation of the reinvestment zone, after publishing notice of such public hearing and giving written notice to all taxing units overlapping the territory inside the proposed reinvestment zone as required by Chapter 312; and WHEREAS, the City Council finds that the area within the reinvestment zone created under this ordinancc is reasonably likely as a result of the designation of the rcinvestment zone to contribute to the retention or expansion of primary employment or to attract major investment in the zone that would be a benefit to the property and that would contribute to the economic development of the city; and Ordinance No. 802 adopting Reinvestment Zone No. 3 Approved June 19, 2001 Page I of 6 WHEREAS, the City Council further finds that the reinvestment zone created hereunder otherwise meets the criteria of Section 312.202 of the Texas Tax Code and is eligible for tax abatement as provided in Chapter 312 of the Texas Tax Code; and WHEREAS, the City Council finds that improvements proposed to be made within the reinvestment zone are feasible and practical and would be a benefit to the land within the zone and to the city after the expiration of tax abatement agreements and that the creation of the reinvestment zone for commercial-industrial tax abatement will result in benefits to the City. NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF SOUTHLAKE, TEXAS: SECTION 1. The facts and recitations contained in the preamble of this ordinance are hereby found and declared to be true and correct. SECTION 2. The area described in Exhibit 'A' attached hereto and incorporated herein is hereby designated as City of Southlake Reinvestment Zone No. 3. The boundaries of this reinvestment zone shall be as described in Exhibit 'A'. This reinvestment zone shall expire five (5) years after the adoption of this ordinance unless it is renewed as provided by law. SECTION 3. It is hereby declared to bc the intention of the City Council that the phrases, clauses, sentences, paragraphs and sections of this ordinance are severable, and if any phrase, clause, sentence, paragraph or section of this ordinance shall be declared unconstitutional by the valid judgment or decree of any court of competent jurisdiction, such unconstitutionality Ordinance No. 802 adopting Reinvestment Zone No. 3 Approved June 19, 2001 Page 2 of 6 shall not affect any of the remaining phrases, clauses, sentences, paragraphs and sections of this ordinance, since the same would have been enacted by the City Council without the incorporation in this ordinance of any such unconstitutional phrase, clause, sentence, paragraph or section. SECTION 4. This ordinance shall be cumulative of all provisions of ordinances of the City of Southlake, Texas, except where the the provisions of such ordinances ordinances are hereby repealed. >rovisions of this ordinance are in direct conflict with in which event the conflicting provisions of such SECTION 5. This ordinance shall be in full force and effect from and after its passage and it is so ordained. PASSED AND APPROVED ON FIRST READING ON THIS 14th DAY OF JUNE, 2001. Rick Stacy, MAYOR ATTEST: Sandra LeGrand, City Secretary Ordinance No. 802 adopting Reinvestment Zone No. 3 Approved June 19, 2001 Page 3 of 6 PASSED AND APPROVED ON SECOND READING ON THIS 19m DAY OF JUNE, 2001. EFFECTIVE: ATTEST: ~anc~r~t-LeGran~t,'City Secretary APs~OVED AS TO FORM AND LEGALITY: City Attorney ~/ Ordinance No. 802 adopting Reinvestment Zone No. 3 Approved June 19, 2001 Page 4 of 6 EXHIBIT BEING a 25.00 acre tract of land situated in the J.B. Martin Survey, Abstract 1134, Tarrant County, Texas, and being a part of the land conveyed to Maguirc Partners-Solana Limited Partnership, by Special Warranty Deed recorded in Volume 14641, Page 232 Deed Records Tarrant County, Texas (D.R.T.C.T.), and filed in County Clerk's File Number D200273882, and being more particularly described as follows: BEGINNING at a 5/8-inch found iron rod with a plastic cap stamped 'HUITT- ZOLLARS" (hereinafter referred to as with "H-Z" cap) at the intersection of the north right-of-way line of Dove Road (a variable width right-of-way) with the west right-of- way line of Kirkwood Boulevard (a variable width right-of-way), as established by the plat of Kirkwood Hollow Phase l, an addition to the City of Southlake and recorded in Cabinet A, Slide 4537 of the Plat Records of Tarrant County, Texas; THENCE North 89 degrees 39 minutes 47 seconds West along the north right-of-way line of said Dove Road, a distance of 280.16 feet to a 5/8-inch found iron rod with H-Z cap for comer at the southeast comer of a tract of land conveyed to the City Of Southlake by Donation Deed recorded in Volume 14028, Page 263, D.R.T.C.T.; North 00 degrees 35 minutes 38 seconds East along an off-set line in said north right-of- way line, a distance of 29.3 l feet to a 5/8-inch found iron rod with H-Z cap for comer; North 89 degrees 24 minutes 23 seconds West along the north right-of-way line of said Dove Road, a distance of 250.00 feet to a 5/8-inch found iron rod with H-Z cap for an angle point in said right-of-way line; North 78 degrees 05 minutes 47 seconds West along the north right-of-way line of said Dove Road, a distance of 254.95 feet to a 5/8-inch found iron rod with H-Z cap for an angle point in said right-of-way line; North 89 degrees 24 minutes 25 seconds West along the north right-of-way line of said Dove Road, a distance of 153.00 feet to a 5/8-inch found iron rod with H-Z cap for comer, said point being in the northeast right-of-way line of State Highway 114 (a variable width right-of-way); North 23 degrees 48 minutes 03 seconds West along said northeast right-of-way line of State Highway 114, a distance of 807.00 feet to a 1/2-inch set iron rod with a yellow plastic cap stamped "HALFF ASSOC. INC." (hereinafter referred to as "with cap") for comer, from which a 5/8-inch found iron rod with H-Z cap bears South 83 degrees 12 minutes 26 seconds East, a distance of 0.22 feet; Ordinance No. 802 adopting Reinvestment Zone No. 3 Approved June 19, 2001 Page 5 of 6 THENCE North 66 degrees 10 minutes 55 seconds East, departing said northeast right- of-way line of State Highway 114, a distance of 1,046.34 feet to a point for comer on the southwest right-of-way line of said Kirkwood Boulevard from which a 5/8-inch found iron rod with H-Z cap bears North 08 degrees 34 minutes 42 seconds East, a distance of 0.12 feet; THENCE South 33 degrees 33 minutes 58 seconds East, along said southwest right-of- way line of Kirkwood Boulevard, a distance of 11.08 feet to the beginning of a tangent curve to the right having a radius of 1,778.00 feet and whose chord bears South 16 degrees 34 minutes 08 seconds East, a distance of 1,039.51 feet; THENCE in a Southeasterly direction along said curvc to the right and continuing along said southwest right-of-way line of Kirkwood Boulevard, through a central angle of 33 degrees 59 minutes 40 seconds, an arc distance of 1,054.91 feet to the point oftangency; THENCE South 00 degrees 25 minutes 42 seconds West continuing along the west right- of-way line of Kirkwood Boulevard, a distance of 243.06 feet to THE POINT OF BEGINNING and CONTAINING 1,088,861 square feet or 25.00 acres of land, more or less. Ordinance No. 802 adopting Reinvestment Zone No. 3 Approved June 19, 2001 Page 6 of 6 INVOICE Star-Telegram Customer ID: CIT57 400 W.7th Street Invoice Number: 201927751 FORT WORTH,TX 76102 (817)390-7761 Invoice Date: 6/22/01 Federal Tax ID 22-3148254 Terms: Net due in 21 days Due Date: 6/30/01 Bill To: PO Number: CITY OF SOUTHLAKE 1400 MAIN ST Order Number: 20192775 STE 440 Sales Rep: 073 SOUTHLAKE, TX 76092-7604 Description: CITY OF SOUTHLA Publication Date: 6/22/01 Description Location Col Depth Linage MU Rate Amount CITY OF SOUTHLAKE TEXAS ORDINA 13580 I 43 43 LINE S6.08 $261.44 CITY OF Sales Discount S ORDINANCETNOAS ($226.61) AN ORDINANCE RE- INVESTMENT ZONE NUMTHE BER THREE CITY OIN F EX- AS, PPURSUANT TO Net Amount: $34.83 THE P TEXAS TER 2 TAX CODE ESTABLISH- ING ARIES THE THEREOF AND OTHER MAT- TERS RELATING THERETO' PROVID- ING THAT TIS ORDINANCE SHALL BE CUMULATIVE OF ALL ORDINANCES; PROVIDING A SEV- ERANDBPROVIILITYD NLAG AN EFFECTIVEPASSEDTI AND DATE. - Y CITYVED COUNCIL TOF THE IT SOUTHLAKE T EX- OF AS ON THIS THE 19TH DAY OF JUNE, THE STATE CM 2001. AYOR RICK STACY County of Ta ATTEST: SANDRA L. SECRETARY CITY Before me, a FORMVED ALLTO ENN ,r said County and State, this day personally appeared Tammie Bryant, Bid and Legal Coordinator for the Star-- ATTORNEYR., CITY the Star-Telegram, Inc. at Fort Worth, in Tarrant County,Texas; and who,after being duly sworn, did depose and ipping of an advertisement wag publish:�the above name aper on the listed dates: SUBSCRIBED AND SWORN TO BEFORE ME, THIS Friday,June 5, 0 / ,dow._ Notary Public s"` :':. CHRISTY L.HOLLAND ' *I MY COMMISSION EXPIRES Thank You For Your Payment llG����� ` JULY 31,2004 Remit To: Star-Telegram Customer ID: CIT57 P.O. Box 901051 Customer Name: CITY OF SOUTHLAKE FORT WORTH, TX 76101-2051 Invoice Number: 201927751 Invoice Amount: $34.83 PO Number: Amount Enclosed: $