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Home My WebLink AboutOrdinance - 2023-O0055 - X-Fab Texas, Inc. Reinvestment Zone Designation - 05/23/2023First Reading May 9, 2023 Item No. 7.2 Second Reading May 23, 2023 Item No. 6.7 ORDINANCE NO. 2023-00055 AN ORDINANCE DESIGNATING A REINVESTMENT ZONE WITHIN THE CITY OF LUBBOCK AS AUTHORIZED BY CHAPTER 312 OF THE TEXAS TAX CODE; DESCRIBING THE BOUNDARIES OF SAID ZONE; DESCRIBING THE ELIGIBILITY OF SAID ZONE FOR COMMERCIAL -INDUSTRIAL TAX ABATEMENT; PROVIDING A SAVINGS CLAUSE; AND PROVIDING FOR PUBLICATION. WHEREAS, Chapter 312 of the Texas Tax Code authorizes the City Council of the City of Lubbock to designate a Reinvestment Zone for commercial -industrial tax abatement purposes; and WHEREAS, the City of Lubbock has established its intent to participate in tax abatement by Resolution and has established guidelines and criteria for commercial -industrial tax abatement within the City of Lubbock; and WHEREAS, the City Council of the City of Lubbock declared its intent to create a Reinvestment Zone by its adoption of Resolution No. 2023-RO219 on April 25, 2023, authorizing the City Secretary to send a Notice of Intent to all taxing units levying taxes on the real property located within the zone; and WHEREAS, the boundaries of the Reinvestment Zone were described in the Notice of Intent attached to and made a part of Resolution No2023-RO219; and WHEREAS, the City Council held a public hearing to consider the establishment of said Reinvestment Zone which was conducted on May 9, 2023, prior to the adoption of this Ordinance; and WHEREAS, the City Council found, at the conclusion of said hearing, that the improvements sought for the property within the Reinvestment Zone are feasible, practical, and would benefit the land; and WHEREAS, the City Council of the City of Lubbock has determined and finds that the real property to be included in the Reinvestment Zone will be reasonably likely as a result of the designation to contribute to the retention or expansion of primary employment and would contribute to the economic development of the City of Lubbock; and NOW THEREFORE; BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF LUBBOCK: SECTION 1: THAT by and under the authority of Chapter 312 of the Texas Tax Code, the described and depicted real property in Exhibit 1 is located within the City of Lubbock, County of Lubbock, Texas, and is hereby designated as a Reinvestment Zone. The name of the Reinvestment Zone is the X-Fab Texas, Inc. Reinvestment Zone A description and depiction of the area designated as the Reinvestment Zone is attached hereto and is incorporated in this Ordinance as Exhibit 1. SECTION 2. THAT the area of the Reinvestment Zone will be reasonably likely as a result of the designation to contribute to the retention or expansion of primary employment and will contribute to the economic development of the City of Lubbock. SECTION 3. THAT should any paragraph, section, sentence, phrase, clause, or word of this Ordinance be declared unconstitutional or invalid for any reason, the remainder of this Ordinance shall not be affected thereby. SECTION 4. THAT the City Secretary of the City of Lubbock is hereby authorized and directed to cause publication of the descriptive caption of this Ordinance as an alternative method provided by law. AND IT IS SO ORDERED. Passed by the City Council on first reading on May 9, 2023 Passed by the City Council on second reading on May 23, 2023 ATTEST: Courtney Paz, City Part II —Legal Description EXHIBIT "A" 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 corner of said Texas Instruments Addition and the Southeast comer 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 comer 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 comer 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. Proposed Reinvestment Zone Located Within Section 12, Block A, at the Northwest intersection of University Ave and N Loop 289 �� .rat_ rrrri a� jamA• Proposed Reinvestment Zone 203.37 Acres f r A t i� s �• S I CCI (Kit) As aaq dfW br Clapbr MI Oeo"Ad Dab Roluch d to Gammad Cole 66 prodid o for rinut Sartd proposes a+d eoYfr rxt le9w char prrptry0 RR m Ea rabttlo for less. te4eot�nq R atan�jnng D fl does trot rtprtoolrt �n one ivaandarx�r�nprcarrrrs�9arapModmRorolydvolooeta�0l�rsaabss:undarlw. I N LOOP 289 Lubbock nru Mptsl orthapba"p-Aply \fay 2022