HomeMy WebLinkAboutResolution - 2012-R0453 - Notice Of Intent To Establish Reinvestment Zone - 11_29_2012Resolution No. 2012—RO453
November 29, 2012
Item No 5.3
RESOLUTION
WHEREAS, the City Council of the City of Lubbock hereby declares its intent to
consider the designation of a Reinvestment Zone within the City of Lubbock, which
Reinvestment Zone is more fully described in the "Notice of Intent" attached hereto as
Exhibit A and made a part hereof for all purposes; and
WHEREAS, the City Council of the City of Lubbock is authorized to establish a
Reinvestment Zone by authority of Chapter 312 of the Tax Code; and
WHEREAS, the Tax Code requires a Notice of Intent to be sent to the governing
body of each tax unit that levies real property taxes on the property described in Exhibit
A (except school districts, ) not less than seven (7) days before a hearing on creation of a
Reinvestment Zone; and
WHEREAS, the City Council of the City of Lubbock does hereby authorize a
public hearing to be conducted upon the establishment of said Reinvestment Zone be
conducted at 6:30 P.M. on December 17, 2012, in the City Council Chambers of the City
of Lubbock at 1625 13t` Street, Lubbock, Texas, after proper notice is given in
accordance with Chapter 312, Tax Code; NOW THEREFORE:
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LUBBOCK:
SECTION 1. THAT the City Council hereby orders that a public hearing be
conducted at 6:30 P.M. on December 17, 2012, at the City Council Chambers of the City
of Lubbock at 1625 13'h Street, Lubbock, Texas, pertaining to the proposal of the City
Council to establish a Reinvestment Zone as indicated on the Notice of Intent attached
hereto as Exhibit A.
SECTION 2. THAT the Notice of Intent attached hereto as Exhibit A be delivered
by the City Manager or his designee to the governing body of all taxing units levying real
property taxes on the property described in said Exhibit A (except school districts) not
less than seven (7) days prior to the date of the public hearing.
SECTION 2. THAT the City Manager, or his designee, cause publication of
notice of the public hearing on this proposed designation of a Reinvestment Zone not less
than seven days prior to the date of the hearing in a newspaper of general circulation in
the City of Lubbock.
Passed by the City Council on November 29 , 2012
GLP. RO TSON, MAYOR
ATTEST:
Reb ca Garza, City Secre
APPROVED AS TO CONTENT:
U
Cheryl frock,
Budget Director
APPROVED AS TO FORM:
Linda L. Chalnales,
Economic Development Attorney
Lc: city aft/ Linda/ReinvestmentZoneRes E 14'b & Elm
September 12, 2012
Exhibit "A"
NOTICE OF INTENT
TO
DESIGNATE REINVESTMENT ZONE
WHEREAS, the City Council of the City of Lubbock hereby declares its intent to
consider the designation of a Reinvestment Zone within the City of Lubbock, which
Reinvestment Zone is more fully described in the property description described herein;
and
WHEREAS, the City Council of the City of Lubbock is authorized to establish a
Reinvestment Zone by authority of Chapter 312 of the Tax Code; and
WHEREAS, the Tax Code requires a Notice of Intent to be sent to the governing
body of each tax unit that levies real property taxes on the property described in Exhibit
A-1 (except school districts, which may not participate in Chapter 312 tax abatements)
not less than seven (7) days before a hearing on creation of a Reinvestment Zone; and
WHEREAS, the City Council of the City of Lubbock has hereby authorized a
public hearing to be conducted upon the establishment of said Reinvestment Zone be
conducted at 6:30 P. M. on December 17, 2012, in the City Council Chambers of the City
of Lubbock at 1625 13'h Street, Lubbock, Texas.
The proposed boundaries of said Reinvestment Zone are attached as Exhibit A-1,
Notice is further given that the tentative plans for development and the estimate of
the general impact of the proposed zone on property tax revenue are as follows:
This location is currently owned by the City of Lubbock and is producing no
property tax revenue. Lubbock Economic Development (LEDA) is interested in
obtaining and developing this site for industrial businesses. The investment will vary
according to the business recruited and therefore the estimated annual tax revenues from
real and personal property on this development inclusive of all taxing entities is
unknown,
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61 �
"Exhibit A-1"
HUGO REED AND ASSCICIATES, INC.
1601 AVENUE N / LUBBOCK, TEXAS 76401 t 806-763-5641 f FAX IDG-763.3961
TEXAS REGISTERED ENGINEERING FIRM F-760
TEXAS LICENSED SURVEYING FIRM 100676.00
METES AND BOUND DESCRIPTION of a 11.809 acre tract out of a 64.5 acre tract as described in
Volume 1234, Page 650 of the Deed Records of Lubbock County, Texas, located in Section 3, Block
O, Lubbock County, Texas, being further described as follows:
BEGINNING at a 3/4" iron pipe found in the South right-of-way line of East 14th Street, at the most
Westerly Northwest corner of said 64.5 acre tract and this tract, same being the original Northeast
corner of Lot 3, Hill Addition to the City of Lubbock, Lubbock County, Texas, according to the map,
plat and/or dedication deed thereof recorded in Volume 1349, Page 533 of the Deed Records of
Lubbock County, Texas, from whence a found 3/4" iron pipe bears N. 88°12' W. 250.00 feet;
THENCE S. 88°12' E., along said South right-of-way line and the Northern boundary of said 64.5 acre
tract, a distance of 130.70 feet to a 1/2" iron rod with cap set for a comer of said 64.5 acre tract and this
tract;
THENCE N. 01°48' E. continuing along said South right-of-way line and the Northern boundary of
said 64.5 acre tract, a distance of 15.00 feet to an "X" cut in concrete in the South right-of-way line of
East 14th Street as described in Volume 378, Page 303 of the Deed Records of Lubbock County,
Texas, for the most Northerly Northwest corner of said 64.5 acre tract and this tract;
THENCE S. 88° 12' E., continuing along said South right-of-way line and the Northern boundary of
said 64.5 acre tract, a distance of 961.84 feet to a 1/2" iron rod with cap set for the Northeast corner of
this tract, from whence a found 3/4" iron pipe bears S. 88012' E. 429.29 feet;
THENCE S. 01 °48' W. a distance of 301.00 feet to a 1/2" iron rod with cap set for the Southeast corner
of this tract;
THENCE S. 69°27'52" W. a distance of 480.91 feet to a 1/2" iron rod with cap set for a corner of this
tract;
THENCE N. 88°1T W. a distance of 301.00 feet to a 1/2" iron rod with cap set for a corner of this
tract;
THENCE S. 44032' W. a distance of 229.50 feet to a 1/2" iron, rod with cap set in the Western
boundary of said 64.5 acre tract and the Eastern boundary of a tract described in Volume 89, Page 213
of the Deed Records of Lubbock County, Texas, for the most Southerly Southwest corner of this tract;
THENCE N. 45028' W„ along the Western boundary of said 64.5 acre tract and the Eastern boundary
of said tract described in Volume 89, Page 213, a distance of 260.00 feet to a 3/4" iron pipe found at
the Southeast comer of said Lot 3, Hill Addition, a corner of said 64.5 acre tract and the most Westerly
Southwest corner of this tract;
Page ! of 2
"Exhibit A-1"
THENCE N. 01°48" E., along the Eastern boundary of said Lot 3, Hill Addition and the Western
boundary of said 64.5 acre tract, a distance of 460.90 feet to the Point of Beginning.
Bearings are relative to Grid North, NAD 83, Texas Coordinate System, North-Central Zone, City of
Lubbock Geodetic Network and Aerial Control. Distances are Surface, U.S. Survey Feet.
CONTAINS: 514,392 square feet.
Qfi T
November 9, 2012 '."
Brent Carroll
Registered Professional Land Surveyor
No. 5410 State of Texas
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