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1227ORDINANCE NO. 1227 AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF SOUTHLAKE, TEXAS, DESIGNATING A CERTAIN AREA AS A TAX ABATEMENT REINVESTMENT ZONE FOR COMMERCIAL -INDUSTRIAL TAX ABATE- MENT, TO BE KNOWN AS REINVESTMENT ZONE NO. 1; ESTABLISHING THE BOUNDARIES THEREOF AND OTHER MATTERS RELATED THERETO; PROVIDING A SEVERABILITY CLAUSE; PROVIDING A CUMULATIVE CLAUSE; AND PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, the City Council of the City of Southlake, Texas (hereinafter referred to as the "City") desires to promote the development or redevelopment of a certain contiguous geographic area within the City of Southlake, Texas, by the creation of a reinvestment zone for commercial -industrial tax abatement, as authorized by Chapter 312 of the Texas Tax Code, as amended; and WHEREAS, a public hearing before the City Council of the City of Southlake, Texas, was scheduled and held at Tob p.m. on June 2, 2020, such date being at least seven (7) days after the date of publication of the notice of such public hearing, pursuant to Section 312.201(d) of the Texas Tax Code, as amended; and WHEREAS, the City Council of the City of Southlake, Texas, held such public hearing after publishing notice of such public hearing, and giving written notice to all taxing units overlapping the territory inside the proposed Reinvestment Zone No. 2; and WHEREAS, the City at such public hearing invited any interested person to appear and speak for or against the creation of Reinvestment Zone No. 2, the boundaries of the zone, whether all or part of the territory should be included in such proposed zone, and the concept of tax abatement. NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF SOUTHLAKE, TEXAS, THAT: SECTION 1 The findings set forth above are incorporated into the body of this ordinance as if fully set forth herein. SECTION 2 The City, after conducting such public hearing and having heard such evidence and testimony has made the following findings and determinations based upon the testimony presented: City of Southlake Values: Integrity ♦ Innovation ♦ Accountability ♦ Commitment to Excellence ♦ Teamwork (a) That a public hearing on the adoption of Reinvestment Zone No. 2 has been properly called, held and conducted, and that notice of such hearing has been published as required by law and mailed to all property taxing units overlapping the territory inside the proposed Reinvestment Zone No. 2; and (b) That the boundaries of Reinvestment Zone No. 2 should be the area as described and/or depicted in Exhibit A, which is attached hereto and incorporated herein for all purposes; and (c) That creation of Reinvestment Zone No. 2 will result in benefits to the City and to the land included within the zone, and the improvements sought are feasible and practical; and (d) That Reinvestment Zone No. 2 meets the criteria for the creation of a tax abatement reinvestment zone as set forth in Section 312.202(a) of the Texas Tax Code, as amended, and in particular Section 312.202(a)(6) of the Texas Tax Code, in that it is "reasonably likely as a result of the designation 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 (e) That Reinvestment Zone No. 2 as described an/or depicted in Exhibit A meets the criteria for the creation of a reinvestment zone as set forth in the City of Southlake, Texas, Tax Abatement Guidelines and Criteria; and (f) That the improvements proposed for the Reinvestment Zone are feasible and practical and would be a benefit to the land to be included in the zone and to the City after the expiration of any tax abatement agreement. SECTION 3 Pursuant to Section 312.201 of the Texas Tax Code, as amended, the City hereby creates a tax abatement reinvestment zone for commercial -industrial tax abatement encompassing only the area described and/or depicted in Exhibit A, and such zone is hereby designated, and for identification shall be known as "Reinvestment Zone No. 2". SECTION 4 Reinvestment Zone No. 2 shall take effect immediately upon passage of this ordinance. Reinvestment Zone No. 2 is effective for five (5) years and may be renewed for periods not to exceed five (5) years. SECTION 5 This ordinance shall be cumulative of all provisions of ordinances and of the Code of Ordinances of the City of Southlake, Texas, as amended, except where the provisions of this ordinance are in direct conflict with the provisions of such ordinances and such Code, in which event the conflicting provisions of such ordinances and such Code are hereby repealed. SECTION 6 Should any sentence, paragraph, subdivision, clause, phrase or section of this ordinance be adjudged or held to be unconstitutional, illegal or invalid, 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, illegal or unconstitutional, and shall not affect the validity of the Code of Ordinances as a whole. SECTION 7 The City Secretary of the City of Southlake is hereby directed to publish this ordinance to the extent required by law. SECTION 8 This ordinance shall take effect immediately from and after its passage and approval, and it is so ordained. PASSED AND APPROVED ON FIRST READING this 19th day of May, 2020. V Laura Hill ayor `I%%%#it/,y' LAKF O', ATTEST: 0j . ` J ' , �44.. •�= kf�j .0;=_ ter' Amy Iley, TR v ' City Se retary �''�,����•• �'�*����` PASSED AND APPROVED ON SECOND READING this 2nd day of June, 2020. 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M bWnp Ia M NOW, i IItAEFOMP. N weviJwuri,r d th rwv tie Ok1 ant OWI W 131.189 WLLAIL wW Wb SHIN ant voluubll dN Wacedrp roWse. navhp aruJlufJ .47 001. Incl wnoH civUd begs SouN It depeeW rdssHN,0. rM rseUiWW uxl sulficiuxydwnivbuMuby xbnuwlalYsJ UoJ cunlbud.Ov'w+(W 4yca)Mcb w q ` mNulaa t/seaKWa East adlaWrrceW l]9.331antl aka», 4uircl+im, and fwTv held M1xlnler lMCirya/SrwNlalq faH0.. wnkipw wpurvliug lxrcirflwu ''il� rHFJIG! SouNaHlany, daDptiny acid eaW rgklvf weTr f y said aeuNwHledy rgMgw Wte SUW wr tins all alniw Iw Jumrry f wry Lint TIM OUrwr(s) may our Mvf w nuT Inauirw0a Mr i. 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JgHf 00 minuteq Op saws(, for as we IaryN d 15! 91 b • IM (upas Mve again] M l.' Y M hp s b i b f uywy to puauu Jwmye to yrry�wlY dw 'sw, brWwq SURVEYOR'S CENTIFIGTE 112{rx;h bunt ren rod w In ITT 201 Wl9' caD kr w(r w fuwA darrtt hM ant I M - p,ul leo d II h1 NW efTaW IhLL nray M couud w naY Iwva btu sM by IM ' rHENC[SeuN y30ayreaf lO minulea 00 Hegira]] EaaS'sgr10nulny abrq sant aauNwaelaly rgnH�, w allan of nfl boJinl el,a ]Skin// IT RWn,w Nw rywruliue uliWw nwiuW�awe WauWdlwuinnfl pnpineWw STATE OF TEJ(AE j Ibis, a 3aWrrce d 401.47 feel ]aura'%• vAkK IM pe911 d cwaMe W a clrwlW curve la Vy id UullaNfar Wath LuenwOarW A4put na'N adl, 0 Gill.Wfgal wMs0 lNad beg( SwN Sl deyreH 40 mrnura l9 sxwaf Er Nueyccd rhe Nis rekw rM9bbiMinp upw MO-14"b'" Owlw,rMb Min wd wipry oM Uwcawni•uucral wnh rt�,•'rd COUNTTOFTAiWnNT aialgrKe d N?.491aeb Io raW p rqpuuryry Iocald a w u rM 4alruart aryl,l ad Wiov of IM Ciry of Suur4luYe. 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SwN 11 regi• saRygp [� R IFNCfi SwlneasWry, ball Nap Sap aouQlw"ll, t rgn4W-waylM and abrq Ha c'vaLlarl +ya'ry T IH 1l sawa0.ban are I.Nh.1131./7 fba1 'ITIB STATB Of TM%A9 ACe/1WN ATaaU. 1, IDayoinlba+rtar, en -T- 11 9 PrtlaHbW Lan99weyw 1HFF,,NCE SeuN 09 d $! nN-I 12 aecoWN Ea•I, 0nuiq abrq Hid spulnweslerlr ripnl-ql-waY Beta( int on Ni+day pwsen+PY wpaueq rl+n pdew la tlRl SdH. LLG Ynown b me+e W Ire Denson whor name b S d TW NneJaa Oialana dteSpTr.'5'w toe S'941chipwrd yen WN IIUITT tOLIMS'capb Ne Inld sWaalbN rprM rwMbina lmwrma and x+newkdasd to m•Nwl NVYexesulN rM+meb lM purpOsl+nl eenNde,aOee 0aw. ape d • c .I V art/ b In• riylN, nevin9 a raJl 47.00 feN wa wnuse -d bear• 540 42 NHeln e.wesred JayylI ea 0liN ll. 4S sswnNa West,adwWxad91.01 Mip Ne lwrNwlY aAlbfi a6Wwnor p'q Givun uwhv mylwM anJ UW of.IMurhM I�.N)d ts[fAanww Ap.'013 Wtye M awN ,I" rght d"Y In• ant IM rprtli rghtNft. bred Kt _ BoulavwP (131 IaW'wide �gldgl-way]; MfyNC! SeuNweWwy, ae{1a'IYq b seumweslenY iyn1W-Y Ime, clary eaa nada wrnar cfi ire s It�xllxe Wrwu--IW="L-- brp M cvcular can• Ip Ne r'y1,6 Nraayn a wnbii a'qN W 90 auryanf 00 nAnwef 00 semM..�r an O - IargNd2O.B9bNb.ppnlfacarver. iFI E SwN d1 dryeae Ot mir u 41 saWM, WacL deparlNp said radial corrw a,yy q abrq Ha MyN W wpY Inq a drsWI��ee W 4 911eN b ¢ 111Ywir 1puM iron rad wM'HUITT 2OLlAH9' cpD b Lien fl. H AGhrw WeN9 . ' p. dcWvalWedacYpuu u,nabNa gR, MvinOafadluaW Ls50 SOIeN ant wluH ckW'U Mxf 9TAILOF SeyN f1 dUyeaf 52, Ilk 10 sewMf Weal a �Islan d 65) 2] I- --- fHeNCE S.-w.rlerlY, ar{lirwirq abrq..M na0 rWnld Y Nr ala dap ae10 0-1. cwva b Ne COON" OF lu4 InmuyIN a w a�qk {- 2t deyruea 191rrhulea �/ Swxrnda w ar am Ill.& W 65{.19 I. b a Iq inJlbuM iron rod au remaimdacap by wrtNlr, I Wlwea•1T WOOD PROPERTY MUHiGAGE.I.LC.aU.Mware lNniWd llabary Cempany, w.Wp by and rENG! SwN 92 deyre q3 mNulnf 73 s WryptF Wr,wuap agnp saa norN .ylMq-war P plwL int day auNaiaed span], ¢ (argil pr pan n. JI(sl d Ne pwpwry,6wicef Mian, apse I JiaW W 13691ae1 b IM M d wnaMe YcuWr Woe to Ne rgM, Mvirp a rddMr d 80.90. lea ldo ab fHdY al Oedicalgne wa aa.,awn. N Nia plN as Wrown. 1: r[JIT REVISION ridwMv Wwrd caw. Natl rde I1 rllnu 29 -Went adrlawAd11!9!bN, bPnpa a nd�I awligap Mlwwn+pa rla�` n�pngwe Ilne �"�.aa narlrma.lady rgnld-war Ime WI SWI. Izea yea nm• - ' i 1.0T 1R BLOCK B lIt Y BYTHIP~wO&ZON94COMMEs" MTP -IBM ADDITION NO. t Ocwwrc NpNwaskdy, Opplullrp aWd nwN ri91lif wtlY'r�N. ;b+q Hq radia wriwr clip ant Uby d __ _._ w plercwvabNe dyrA WQQ�rxq�nawr4Wan�dIea ee1190 dwwyyea iminwef lNwaN.lq Rr an arp krglad Tiw f AN AODItIONTO THEGTYOFSOUMLAKE, t2'�01 ISN ba YI iUN1sa�- em rOJ mN'NUITT 20GAR9'capb wn✓. 9TAHwOOD PRoO�yLLC. Dent: 1 J_ I � Otto REVISION OF rNE1NNGGE NraN 3f aayHf o! minul.a t 1 beaa'4112% o DaarrWWgg a raU'WI wnar clip ant Wa Ha Ui lam Lair LOT 1, BLOCK B. MTP -IBM ADDITION NO. 1, 4ores1 1g awe�r 9r�b,adklaMed101.4'IIe poll a to =. d, 6r O,c ab Ne '���WQ 41 Wrbq a.aaba d 9I1.Y1 lea and wrwfe toad Ma�f Nark 43 dawn.. 01 min.to 32 suaage WO9. "I S r - TO THE PLATS THMEOf RECOROEO w 9TAfE OF Pr�•�-...eIN Me - a diplarwe d 20t.l0leN: ! PLATRECORDSOF TARRANT COUNTY. TEXAS MEM,L Nalkwes4xly car(Irluhp abny sant roryla I9fy qMW war Erre ass akaq Ha ciculwlcw• GWNTY OF _j __ unW PAGE WSIo IM Ie4lhWpn a wNd X194 d 1 t dayran Sj r wll.f 30 sawgr, br an wo IapN d 202.011eW la BY R1! CITY COUNCIL CABINET 0, S W THE a pgiN b arHr. BEFOHE ME, er rnanrsyvd audwiry, Un N. WY Pwaenaly appaarad w rHENCE NqN 47 aepl qa �ninul 09 sacwrda We Wrulrp aNpp Hid rgrNl9aslarlr dWnQ-rvar Nrwwn ro rM to a Ne parampl wMH name(sl if argil auOauWed ID Ne a { ann9unw4 rd 93.Ik �c-[a..�-E�.Ltia PIAT RECORDS 0/ OFlITON COUNTY. TEXAS. M.l a UMlace dWp b a fount past Tanaf pe Id d TranapWlzibn nlmwnW n N achrvwleapod la me NN (IWal�llreyf uxawlad N• >ame fw Ne pu,posBd Ha aonaMsra sawaaaM arW b A,') dsaT WHICH IS 20.17 ACRES LOCATED IN THE la •po4ndcurvabredl'c4culW curve to Nl !q In'Iarryerdb N•Drecedlrp waMn. vlrpa, uw capwiry Npralnsleled ant a.IM aW ara deead saa �d9dac3L\ Lan.^+ _ w. MEDLIN SURVEY, A83TRACT 195E AND IN THE d t,It7J91eN ant wlwse awrd bHn /1 d e 11 mNule. n sewMf weN a a `Wna. U.P. MARTIN SURVEY, ABSTRACT 1011 W le9WMat GIVEN UNDER MY IUIap AND SEALOF OFFICE on Ni•IM-�y_,Iayd �29tS C9a War3; j CHIT`/Of SOIL LAKE, IH LNaNwealer .wn�y"�rpabq HarralMaalglN rpMdwaY ne ara aarq saa ca 09.7 uve Nawr Paa -- -- 4.� 7AWWI7 COUNTY, TEXAS I ISS rbYA Wmpn 4d arrpl dotdeeyw Hllrn4yN SO seceraM.-brpNd lBp.NllprWq - sae ay iM+O1RTOFBEGINNI1q AND CONTAINING a//,e0/a�are hda20.15t1aaHdlaM, moN Conrm s:boa p4ee: Qb. 20 - 4 yyye,•,pWa»f. NER SURVEYOR .a I .�w""' ,' aj WWN g19ss1- OW0.NAW1g1AFI'YEa `r' HALFFr Bep dBoubgkNe re.a�00w0'naM srWarrflfl YNG e�NaN Can4N oa Zormdl bash on LNT ,sWbeLeWN93i `� eMsdw V[ - 1 9 0. e+n I � � FUN+raO.lai2alwa W SouIhMM Ik menym Mt1aM 13 CaadinHkl sMwn are rya wordNaka, dkWbp {•is PDa^R caEFA KSG •vnrasr assns wrwvrw Ruaara+naarw +Ipwn aesWlwA d-aliMMlacek lH:b X411.0001511{. �'�r•r"' 1^rasa 'TD RO.N. SUIR ]a0 r hMiESIA 1]r nO.traBFA pID+I :�d� mwrlw p ru w.DMEcr i us9w zLlzu{ 2