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O-1484-3-97ORDINANCE NO. 1484-3-97 ' AN ORDINANCE OF THE CITY OF ALLEN, COLLTN COUNTY, TEXAS, DESIGNATING A CERTAIN AREA AS A INDUSTRIAL REINVESTMENT ZONE; PROVIDING FOR THE ESTABLISHMENT OF AGREEMENTS WITHIN THE ZONE, AND OTHER MATTERS RELATING THERETO; PROVIDING FINDINGS OF FACT; PROVIDING A SEVBRABH= CLAUSE; AND PROVIDING AN EFFECTIVE DATE FOR THE COMMENCEMENT OF 1 Y: I:49:A 12VI 7.1J IITI I WTD J .0 �.� • : �, a . « WHEREAS, the City Council of the City of Allen, Texas, desires to promote the development of a certain contiguous geographic area within its jurisdiction by the creation of a Reinvestment Zone, as authorized in Chapter 312 of the Texas Tax Code (the "Code"); and, WHEREAS, a hearing before the City Council was held at 7:30 p.m. on the 6th day of March, 1997, such date being not later than seven (7) days after the date of publication of the notice of such public hearing in a newspaper of general circulation in the City of Allen; and, WHEREAS, the City has called a public hearing and published notice of such public hearing, and has properly notified the proper officials of Collin County, Collin County Community College and the Allen Independent School District, as required by the Code; and WHEREAS, at such hearing the City invited any interested person, or their representative, to appear and contend for or against the creation of the Reinvestment Zone, whether all or part of the territory, ' which is described by a metes and bounds description attached hereto as Exhibit "A' and depicted in the drawing attached hereto as Exhibit B," should be included in such proposed Reinvestment Zone; and, WHEREAS, all owners of property located within the proposed Reinvestment zone and all other taxing units and other interested persons were given the opportunity at such public hearing to protest the creation of the proposed Reinvestment Zone or the inclusion of their property in such reinvestment zone; and, WHEREAS, all activities within the Reinvestment Zone will adhere to the guidelines defined in City of Allen Comprehensive Zoning Ordinance No. 1425-5-96, and its amendments; NOW, THEREFOR$ BE IT ORDAINED BY THE CITY COUNCIL OF THE MY OF ALLEN, TEXAS, THAT: SECTION 1: The City Council of the City of Allen, Texas, after conducting such hearing and having heard such evidence and testimony, has made the following findings and determinations based on the evidence and testimony presented to it: (a) That the public hearing on adoption of the Reinvestment Zone has been properly called, held and conducted and that notice of such hearing has been published as required by law. (b) That the City has jurisdiction to hold and conduct this public hearing on the creation of the proposed Reinvestment Zone pursuant to the Code. ' (c) That creation of the proposed zone with boundaries as described in Exhibits "A" and "B" will result in benefits to the City, its residents and property owners, and to the property, residents and property owners in the Reinvestment Zone. (d) That the Reinvestment Zone, as defined in Exhibits "A" and "B," meets the criteria for the creation of a Reinvestment Zone as set forth in the Code in that: ' (1) It is a contiguous geographic area located wholly within the corporate limits of the City. (2) The area will reasonably be 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. (3) No pan of the property in the Reinvestment Zone is owned or leased by a member of the governing body of the City of Allen or by a member of a zoning or planning board or commission of the City of Allen. (4) Improvements in the Reinvestment Zone will enhance significantly the value of all taxable real property in the Reinvestment Zone. SECTION 2• The City hereby creates a Reinvestment Zone over the area described by the description in Exhibit "A" attached hereto and depicted in a drawing attached hereto as Exhibit "B," and such Reinvestment Zone shall hereafter be identified as the Industrial Reinvestment Zone, No. 10, City of Allen, Texas (the "Zone"). SECTION 3: Operation of the Zone shall commence on March 6, 1947, for a period of ten (10) years. SECTION 4: A written agreement(s), as provided in the Act, with the owners of the property located within the Reinvestment Zone is hereby authorized for a period up to ten (10) years, and the written ' agreement shall provide an exemption from taxation of the increased value in the real property in an amount of up to four hundred percent (400%) of the increased value over ten (10) years. SECTION 5: 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 phrase, clause, sentence or section of this ordinance shall be declared unconstitutional or invalid by any judgment or decree of a court of competent jurisdiction, such unconstitutionality or invalidity shall not affect any other remaining phrase, clause, sentence, paragraph or section of this ordinance; and the City Council hereby declares it would have passed the remaining portions even though it had known the affected pans would be held unconstitutional or invalid. DULY PASSED AND APPROVED BY THE CITY COUNCIL OFTHE CITY OFALLEN, TEXAS, ON THE 3RD DAY OF MARCH, 1997. APPROVED. /YjA� 2L Bevin L Lilly, MAY APPROVED AS TO FORM: ATTEST: ' A. Do er, C] ATTORNEY J Mo n, UMU, U1717Y SECRETARY OrdinanceNo. 1484-3-97_ page 2 OAIII@1NCE NO. 1484-3-97 Exhibit A City of Allen Reinvestment Zone #10 The general description of the Reinvestment Zone is as follows: - - BEING a 12.842 acre tract out of the William Perrin Survey, Abstract No. 708, and the Rufus Sewell Survey, Abstract No. 875, Collin County, Texas; said tract being part of Lot 1, Block 1, Enterprise Addition No. 2, an addition to the City of Allen, Texas according to the plat recorded in Cabinet G, Page 457 of the Plat Records of Collin County, Texas; said 12.842 acre tract being more particularly described as follows: COM31ENCING, at a %-inch iron rod found at the intersection of the south rightof-way line of Bethany (hive (a 110 -foot wide right-of-way) and the east right-of-way line of Enterprise Boulevard (a 60 -foot wide right-of-way); said point being the northwest corner of said Lot 1, Blockl: THENCE, South 20 degrees, 33 minutes, 10 seconds East, along the said east line of Enterprise Boulevard and the west line of said Lot 1, a distance of 153.71 feet to a %,-inch iron rod found at the beginning of a curve to the right whose center bears South 69 ' degrees, 26 minutes, 50 seconds West, a distance of 180.00 feet from said point; THENCE, in a southerly direction continuing along the said east line of Enterprise Boulevard and said curve to the right, through a central angle of 34 degrees, 36 minutes, 10 seconds, on an arc distance of 108.71 feet to a %:-inch iron rod found at the end of said curve; THENCE, South 14 degrees, 03 minutes, 00 seconds West, continuing along the said east line of Enterprise Boulevard, a distance of 69.64 feet to Y: -inch iron rod with "Pacheco Koch" cap set at the POINT OF BEGINNING; THENCE, South 68 degrees, 03 minutes, 17 seconds East, departing the said east right-of-way line of Enterprise Boulevard and the west line of said Lot 1, a distance of 802.71 feet to a %cinch iron rod with "Pacheco Koch" cap set in the west right-of-way line of Southern Pacific Railroad (a 100 -foot wide railroad right-of-way) and the east line of said Lot 1; THENCE, South 21 degrees, 56 minutes, 43 seconds West, along the said west line of Southern Pacific Railroad and the east line of said Lot 1, a distance of 624.09 feet to a %,-inch iron rod found at an angle point; THENCE, South 22 degrees, 08 minutes, 57 seconds West, continuing along the said west line of Southern Pacific Railroad and the east line of said Lot 1, a distance of 123.91 feet to a %:-inch iron rod with "Pacheco Koch" cap set for comer; ORDMANCE NO. 1484-3-97 THENCE, North 68 degrees, 03 minutes, 17 seconds West, departing the said west line of Southern Pacific Railroad, a distance of 684.35 feet to a %,-inch iron rod with "Pacheco Koch" cap set for comer in the said east line of Enterprise Boulevard and the said west line of Lot 1; THENCE, North 11 degrees, 30 minutes, 00 seconds East, along the said east line of Enterprise Boulevard, a distance of 315.97 feet to a %cinch iron rod found at an angle point; THENCE, North 14 degrees, 03 minutes, 00 seconds East, continuing along the said east line of Enterprise Boulevard, a distance of 441.45 feet to the POINT OF BEGINNING; CONTAINING, 559,399 square feet or 12.842 acres of land, more or less. h n 3 2 Exhibit B ED 130Hj OMINANCE NO. 1464-3-97 j. 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