HomeMy WebLinkAboutResolution - 2023-R0219 - Notice of Intent to Designate a Reinvestment Zone on X-FAB Texas, Inc. propertyResolution No. 2023-R0219
Item No. 7.15
April 25, 2023
RESOLUTION
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 Chapter 312 of 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 associated with
the Notice of Intent not less than seven (7) days before a hearing on creation of a Reinvestment
Zone, excluding school districts, which may not participate in tax abatements under Chapter 312
of the Tax Code; and
WHEREAS, the City Council of the City of Lubbock wishes to consider the designation of a
Reinvestment Zone within the City of Lubbock through a Notice of Intent; 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 at 2:00 P.M. on May 9, 2023 in
the City Council Chambers of the City of Lubbock at 1314 Avenue K, Lubbock, Texas, after
proper notice is given in accordance with Chapter 312 of the 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 2:00
P.M. on May 9, 2023, at the City Council Chambers of the City of Lubbock at 1314 Avenue K,
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 a Notice of Intent be delivered by the City Manager or his designee to the
governing body of each taxing unit levying real property taxes on the property described in
Exhibit B not less than seven (7) days prior to the date of the public hearing.
SECTION 3. 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 (7) 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 April 25, 2023
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TRAY P E, AYOR
ATTEST:
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Courtney Paz, City Secr
APPROVED AS TO CONTENT:
Bfb-<oste1iqfi, Chief i Officer
APPROVED AS TO FORM:
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ccdocs/RES.RZ Notice of Intent
April 19, 2023
Resolution No. 2023-R0219
EXHIBIT A
NOTICE OF INTENT TO DESIGNATE REINVESTMENT ZONE
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, Chapter 312 of 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 depicted on
the map and property description attached to this Notice of Intent and labeled Exhibit B
not less than seven (7) days before a hearing on creation of a Reinvestment Zone, with the
exception of school districts, which may not participate in Chapter 312 tax abatements; 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 at 2:00 P. M.
on May 9, 2023, in the City Council Chambers of the City of Lubbock at 1314 Avenue K,
Lubbock, Texas; NOW THEREFORE,
THE CITY COUNCIL OF THE CITY OF LUBBOCK HEREBY DECLARES:
THAT it intends to consider the designation of a Reinvestment Zone within the City of
Lubbock, which Reinvestment Zone is more fully described in the property description
attached as Exhibit B; and
THAT the proposed Reinvestment Zone is to be located on the property as described in
Exhibit B; and
THAT 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:
The development plan is to be implemented by the investment of
approximately $480,000,000 in new machinery and equipment at the
existing facility. The estimated increased annual tax revenues will be
approximately $2.3 million, City of Lubbock only. A tax abatement will be
proposed for the increased value that, if approved, will lower the tax
revenues collected.
Exhibit B
Legal Description
SITUATED in the City of Lubbock and being all of Tract A, Texas Instruments Addition, an
addition to the City of Lubbock according to the map, plat and/or dedication deed thereof,
recorded in Volume 1363, Page 977, Deed Records of Lubbock County, Texas (D.R.L.C.T.)
and all of that abandoned Drake Street as described by Correction Quit Claim Deed from the
City of Lubbock to Texas Instruments Incorporated, a Delaware corporation, recorded in
Volume 1541, Page 32, D.R.L.C.T. and being more particularly described by metes and bounds
as follows:
BEGINNING at an aluminum disk monument found at the Northeast corner of said Drake Street on
the South line of Block 1, Lubbock State School Addition, an addition to the City of Lubbock,
according to the map, plat and/or dedication deed thereof, recorded in Volume 1143, Page 677,
D.R.L.C.T. and also being North 0 deg. 01 min. 09 sec. East - 10.00 feet from the Northwest corner
of Lot 1, Lawson Addition, an addition to the City of Lubbock, according to the map, plat and/or
dedication deed thereof, recorded in Volume 838, Page 211, D.R.L.C.T.
THENCE South 0 deg. 01 min. 09 sec. West, along the East line of said abandoned Drake Street, at
10.00 feet, passing the Northwest corner of said Lawson Addition, continuing along the West line of
said Lawson Addition, at 60.00 feet, passing the Southeast corner of said abandoned Drake Street
and the most Northerly Northeast corner of said Texas Instruments Addition, continuing on for a
total distance of 139.91 feet to an aluminum disk monument found for the Southwest corner of said
Lawson Addition;
THENCE South 89 deg. 58 min. 01 sec. East, along the North line of said Texas Instruments
Addition and the South line of said Lawson Addition, a distance of 143.27 feet to an aluminum disk
monument found for the most Easterly Northeast comer of said Texas Instruments Addition and the
Southeast corner of said Lawson Addition on the West Right-of-way of University Avenue (F.M.
1264, variable width R.O.W.);
THENCE South 0 deg. 32 min. 04 sec. East, along the East line of said Texas Instruments
Addition and the West Right-of-way of said University Avenue, a distance of 2422.31 feet to a
1/2 inch iron rod set for corner;
THENCE North 89 deg. 27 min. 56 sec. East, along the East line of said Texas Instruments Addition
and the West Right-of-way of said University Avenue, a distance of 10.00 feet to a 1/2 inch iron rod
set for corner in the North Right-of-way of Loop 289 at the beginning of a curve to the right having a
radius that bears North 89 deg. 50 min. 33 sec. West, a distance of 215.00 feet;
THENCE Along the North Right-of-way of said Loop 289 and along said curve to the right, with
a chord that bears South 42 deg. 01 min. 23 sec. West - 286.98 feet, through a central angle of 83
deg. 43 min. 52 sec. and an arc length of 314.20 feet to a concrete Right-of-way marker found for
corner at the end of said curve;
THENCE South 84 deg. 14 min. 24 sec. West, along the North Right-of-way of said Loop 289,
a distance of 833.14 feet to an aluminum disk monument found for corner at the beginning of a
curve to the left having a radius that bears South OS deg. 45 min. 28 sec. East, a distance of
5879.65 feet;
THENCE Along the North Right-of-way of said Loop 289 and along said curve to the left,
with a chord that bears South 82 deg. 04 min. 50 sec. West - 443.52 feet, through a central
angle of 04 deg. 19 min. 23 sec. and an arc length of 443.63 feet to an aluminum disk
monument found • for corner at the end of said curve;
THENCE South 83 deg. 47 min. 51 sec. West, along the North Right-of-way of said Loop
289,. a distance of 766.83 feet to a concrete Right-of-way marker found for corner;
THENCE South 73 deg. 26 min. 45 sec. West, along the North Right-of-way of said Loop 289,
a distance of 266.20 feet to an aluminum disk monument found for corner;
THENCE South 89 deg. 52 min. 26 sec. West, along the North Right-of-way of said Loop 289,
a distance of 599.04 feet to an aluminum disk monument found for the Southwest corner of
said Texas Instruments Addition and the Southeast corner of a called 286.15 acre tract of land
conveyed to the City of Lubbock as described in a deed recorded in Volume 370, Page 55,
D.R.L.C.T.;
THENCE North 0 deg. 00 min. 37 sec. East, along the West line of said Texas Instruments
Addition and the East line of said 286.15 acre tract, a distance of 2318.79 feet to an
aluminum disk monument found for the most Westerly Northwest corner of said Texas
Instruments Addition;
THENCE South 89 deg. 56 min. OS sec. East, a distance of 100.19 feet to an aluminum disk
monument found for an inside ell corner of said Texas Instruments Addition;
THENCE North 0 deg. 00 min. OS sec. West, along the West line of said Texas Instruments
Addition and the East line of said 286.15 acre tract, at 706.65 feet, passing the Southwest
corner of the above mentioned abandoned Drake Street and continuing for a total distance of
766.65 feet to an aluminum disk monument found for the most Northerly Northwest corner of
said Texas Instruments Addition and the Northwest corner of said abandoned Drake comer on
the South line of the above mentioned Block 1, Lubbock State School Addition;
THENCE South 89 deg. 53 min. 30 sec. East, along the North line of said Drake Street and
the South line of Block 1, Lubbock State School Addition, a distance of 2800.50 feet to the
POINT OF BEGINNING and containing 203.377 acres of land.
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