HomeMy WebLinkAbout1198 12-12-1995ORDINANCE NO. 1198
AN ORDINANCE AMENDING ORDINANCE NO. 1163 AND
RECONFIGURING AND REDUCING THE BOUNDARIES OF
REINVESTMENT ZONE NUMBER ONE, CITY OF EULESS, TEXAS;
MAKING CERTAIN FINDINGS AND DETERMINATIONS IN RELATION TO
SUCH REINVESTMENT ZONE AND RESOLVING OTHER MATTERS
INCIDENT AND RELATED THERETO.
WHEREAS, in accordance with the provisions of the Tax Increment Financing Act,
V.T.C.A., Tax Code, Chapter 311 (the "Act "), the City of Euless did on December 13, 1994,
adopt Ordinance No. 1163, designating a certain area of the City as Reinvestment Zone Number
One, City of Euless, Texas; and
WHEREAS, the City Council of the City of Euless, Texas (the "City "), in accordance with
the provisions of the Tax Increment Financing Act, V.T.C.A., Tax Code, Chapter 311 (the "Act'),
particularly Section 311.007(a) of the Act, desires to reconfigure and reduce the boundaries of
the existing reinvestment zone;
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF
EULESS, TEXAS:
SECTION 1: That the facts and recitations contained in the preamble of this ordinance
are found and declared to be true and correct and are hereby incorporated by reference for all
purposes as if same had been restated in this section.
SECTION 2: The City Council hereby makes the following findings and determinations
based on the evidence presented to it:
(a) That the changed boundaries of the reinvestment zone do not cause the zone to
include property more than 10 percent of which, excluding property dedicated to
public use, is used for residential purposes (as that term is defined by the Act).
(b) That the changed boundaries of the reinvestment zone do not cause the total
appraised value of all taxable real property in the zone, according to the most
recent appraisal rolls of the City, together with the total appraised value of taxable
real property in all other existing reinvestment zones within the City, if any,
according to the most recent appraisal rolls of the City, to exceed 15 percent of
the current total appraised value of taxable real property in the City and in the
industrial districts created by the City, if any.
(c) That the changed boundaries of the reinvestment zone do not cause the zone to
contain more than 15 percent of the total appraised value of real property taxable
by a county or school district.
SECTION 3: That the City hereby amends Ordinance No. 1163 and reconfigures and
reduces the boundaries of Reinvestment Zone Number One, City of Euless, Texas pursuant to
Section 311.007(a) of the act, over the area described by the metes and bounds in Exhibit "1"
attached hereto and depicted in the map attached hereto as Exhibit "2" and such reinvestment
zone shall continue to be identified as Reinvestment Zone Number One, City of Euless, Texas
(the "Zone" or "Reinvestment Zone ").
SECTION 4: That it is hereby declared to be the intention of the City Council that the
sections, paragraphs, sentences, clauses and phrases of this Ordinance are severable, and if any
section, paragraph, sentence, clause or phrase of this Ordinance shall for any reason be held to
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be invalid or unconstitutional by the valid judgment or decree of any court of competent
jurisdiction, the invalidity or unconstitutionality of such section, paragraph, sentence, clause or
phrase shall not affect any of the remaining provisions of this Ordinance, since the same would
have been enacted by the City Council without the incorporation in this Ordinance of any such
invalid or unconstitutional section, paragraph, sentence, clause or phrase.
SECTION 5: It is officially found, determined, and declared that the meeting at which
this Ordinance is adopted was open to the public and public notice of the time, place, and subject
matter of the public business to be considered at such meeting, including this Ordinance, was
given, all as required by V.T.C.A., Government Code, Chapter 551, as amended.
SECTION 6 This Ordinance shall be in full force and effect immediately from and after
its passage and publication in accordance with the provisions of the Charter of the City of Euless
and the laws of the State of Texas and it is accordingly so ordained.
SECTION 7- That the provisions of Ordinance #1163 shall remain in full force and
effect, except as expressly amended by the provisions of this Ordinance.
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PRESENTED AND GIVEN FIRST READING and approved at a regular meeting of the
Euless City Council on the 12th day of December, 1995; by a vote of 7 ayes, 0 nays and
0 abstentions.
ATTEST:
usan Crim, C, City Secretary
APPROVED AS TO FORM:
A.-\ORDINNC.WRK
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APPROVED:
Mary Li Saleh, Mayor
TAX INCREMENT FINANCING DISTRICT
Being a tract or parcel of land situated in the A. Bradford Survey,
Abstract Number '152, and the A. Barnard Survey, Abstract number
107, in the City of Euless, Tarrant County, Texas, and being a
portion of that certain tract of lard conveyed to Sunbelt Savings
Association of Texas, as recorded in Volume 9161, page 631,. Deed
Records, Tarrant County, Texas, and being all of that certain:tract
of land conveyed to Bear Creek Associates II, as recorded in Volume
6856, Page 237, of said Deed Records, and being all of a 30.387
acre tract of land referred to as Ph'a'se VI -B, shown on Boundary
Survey _performed`. by Kimley -Horn and Associates, Inc. for the
Dallas -Fort Worth International Airport Board, Contract Number
8001139, dated February 1993, and being more particularly described
as follows;
BEGINNING at a point for the intersection of the south right -of =way
of N,idway Drive (!an 8o foot R.O.W.) with the east right -of -way of
Bear Creek Parkway (an 80 foot R.O.W.), as shown on the Right -Of-
Way Dedication Plat for Midway Drive, as recorded in Volume 388-
199, Page 85, Plat Records, Tarrant County, Texas, said point being
the beginning of:.a curve to the left, having a central angle of
12 006147 ", a radius of 990.00 feet, a tangent length of 105.04
feet, and a long:chord that bears S 84 °02'40" E, 208.91 feet;
THENCE with said curve and said south right -of -way of Midway
Drive arc distance of 209.30 feet to a point;
THENCE __ N 89 °53'.`56" E, 406.15 feet with said south right-of-way
of Midway Drive Ito a point for the intersection of said 'south
right -of -way with the west right -of -way of Minters Chapel Road (a
50 foot R.O.W.);!
THENCE S 00 °081133" E, 813.82 feet with said west right- of-way of
Minters Chapel Road to a point;
THENCE N 89 °21'23" E, diverting from said west right -of -way of
Minters Chapel Road, passing the northwest corner of said 30.387
acre tract at 50: feet: said northwest corner being in the: east
right -of -way of s6.id Minters Chapel Road, and continuing with the
north line of said 30.387 acre tract a total distance of 956.13
feet to a point for the northeast corner of said 30.367 acre tract,
said point being!in the west right-of-way of State Highway 360,
hereafter referred to as S.K. 360 (a variable width R.O.W.),-said
point being the beginning of a non - tangent curve to the right,
having a central angle of 31 040'46 ", a radius of 1879.86 feet, a
tangent. length of 533.35 feet, and a long chord that bears
S 03 °19'59" W, 1026.20 feet;
THENCE an arc distance of 1039.39 feet with said curve and with
said west right -of -way of S.II. 360 to the point o= curvz�tureiof a
tangent curve to the right, having a central angle of 50 °19'39 ", a
radius of 924.93 feet, a tangent length of 434.52 feet, and a long
chord that bears S 44-2011111-W, 786.57 _feet;
REVISED
116TIOOO.FNS E XH T B= T ' Pace 1
DESCRIPTION
TAX INCREMENT FINANCING DISTRICT
THENCE" an arc;distance of 812.44 feet with said curve and with
y said west right -of -way of S.H. 360 to a point in the north right -
of- way of.State Highway 163, hereafter referred to as S.H. T83 (a
variable width R.0.W.); i
THENCE." S 69 °2d'31" W, 241.74 feet with said north right -ot -way
of S.H.: 183 to aipoint;
THENCE N 69 005'29" W, 58.03 feet "th said :forth right -of -way
of S.H. 183 to a,point;
THENCE N 15 036129" W, 51.89 feet with said north right -of -way
of S.F. 183 to a �Oint for the intersection of said north right -of-
way with the aforementioned east right -of -way of Minters Chapel
Road;
i1
THENCE S 89 °50 "'19" W, 50.00 feet crossing said Minters Chanel
Road to "a point for the intersection of said north right -of -way e'
S.H. 183 with tie aforementioned west right -of -way of Minters
Chapel Road;
THENCE S 11 004!'09" W, 51.07 feet with said north right -of -way
of S.H. 183 to aipoint;
THENCE S 29 °03'43" W, 112.47 feet with said north right -of -way
of S.H. 183 to aipoint;
THENCE: S 66 °06;'19" W, 98.38 feet with said north right - cif -way
of S.H. 183 to a point;
THENCE - S 77 °11'11" W, 98.15 feet with said north right- df-way
of S.H. 183 to aipoint;
t
THENCE S 82 00 &121" W, 98.17 feet with said north right -of -wad
of S.H. 183 to aipoint;
1
THENCE S 87 °04,139" W, 96.20 feet with said north right -of -way o-
S.H. 183 to a point;
i
THENCE S 89 °39'53" W, 143.12 feet with Said north right -o;f -way
of S.H. 183 to aipoint;
i
THENCE S 89 °41'28" W, 466.51 feet with said north right -olf -way
of S.H. 183 to aipoint;
THENCE N 45 0481'06" W. 71.20 feet with said north right -o° -way cf
S.H. 183 to a point;
THENCE N 00 °54''59" W, 476.55 feet with said -orth right -oY -way
Of S.H. 183 to a point;
1
THENCE N 51 °5!''36" W, 148.64 feet with said north right -o'; -way'
Of S.H.' 183 to a poir.t;
REVISED
11671000.F?IS Y—r BS T y ' oiage 22
DESCRIPTION
TAX INCREMENT FINANCING DISTRICT
I
THENCE. N 00 °50'54" W, 31.41 feet with said north right -of -way of
S.H. 183 to a point; i
THENCE S 89 908113" W, 19.88 feet with said north right -qf -way
of S.H.: 183 to a point for the intersection of said north right -of-
way with the aforementioned east right -of -way of Bear 'Creek
Parkway;
THENCE N 00 °511'49" W, 262.60 feet w th said east right -cif -way
of Bear Creek Parkway to the paint of curvature of a tangent curve
to the right, having a central angle of 39 °44108 ", a radius of
910.00 feet, a tangent length of 328.84 feet, and a long chord that
bears N 19 °00114 E, 618.53 feet;
THENCE an arc :'distance of 631.10 feet with said curve an� with
said east right -df -way of Bear Creek Parkway to a point; I
THENCE N 38 °5?118" E, 200.00 feet with said east right -of -way
of Bear Creek Parkway to the point of curvature of a tangent curve
to the left, haNting a central angle of 28 005'16 ", a radius of
990.00 feet, a tangent length of 247.54 feet, and a long chord that
bears N 24 °49'40 ", E, 480.47 feet;
THENCE an arc !distance of 485.32 feet with said curve and with
said east right -oIf -way of Bear Creek Parkway to a point;
THENCE N 10 °47i'03" E, 578.99 feet with said east right -df -way
of Seat' Creek Parkway to the POINT OF BEGINNING and containing approximately
88 acres (3,850,000 square feet) of land. i
I
,
REVISED
116TIOOO.:NS E H S 13 S T °age 3
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