HomeMy WebLinkAboutOrdinance - 2011-O0096 - Designating A Reinvestment Zone. Chapter 312 Tax Code - 10/13/2011First Reading
October 13, 2011
Item No. 6.2
ORDINANCE NO. 2011-00096
Second Reading
October 27, 2011
Item No. 5.3
AN ORDINANCE DESIGNATING A REINVESTMENT ZONE WITHIN THE
CITY OF LUBBOCK AS AUTHORIZED BY CHAPTER 312, TAX CODE;
DESCRIBING THE BOUNDARIES OF SAID ZONE; DESCRIBING THE
ELIGIBILITY OF SAID ZONE FOR COMMERCIAL-INDUSTRIAL TAX
ABATEMENT; PROVIDING A SAVING CLAUSE AND PROVIDING FOR
PUBLICATION.
WHEREAS, Chapter 312 of the 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 heretofore 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 did declare its intent to
create said Reinvestment Zone by its adoption of Resolution No. 2011-R0406 on
September 27, 2011; and
WHEREAS, City Council did cause a Notice of Intent to create said
Reinvestment Zone to be delivered to all taxing units levying taxes on real property
within the zone; and
WHEREAS, the boundaries of the Reinvestment Zone were described in the
Exhibit A attached to and made a part of Resolution No. 2011-R0406; and
WHEREAS, the City Council did hold a public hearing to consider the
establishment of said reinvestment zone as hereinafter described, which said hearing was
conducted on October 13, 2011, prior to the adoption of this Ordinance; and
WHEREAS, the City Council did find 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;
NOW THEREFORE:
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF LUBBOCK;
SECTION l: THAT by and under the authority of Chapter 312, Tax Code, the
following described real property located within the City of Lubbock, County of
Lubbock, Texas, is hereby designated as a Reinvestment Zone:
METES AND BOUNDS DESCRIPTION OF TWO TRACTS OF LAND THAT
MAKE UP THE LUBBOCK RAILPORT REINVESTMENT ZONE.
METES AND BOUNDS DESCRIPTION of a 170.53 acre tract of land located in Section
38, Block D, Lubbock County, Texas, being further described as follows:
BEGINNING at a "PK" nail found at the Southwest comer of this tract which bears N.
88°33'49" W. a distance of 5287.13 feet from the Southeast comer of said Section 38;
THENCE N. 1°04'04" E., along the centerline ofa paved county road, (old U.S. 87) a
distance of 1825. 72 feet to a point of intersection;
THENCE Northeasterly, along said centerline, along a curve to the right, said curve
having a radius of2864.60 feet, a central angle of 10°07'00", a chord bearing ofN.
6°08 '40" E., and a chord distance of 505 .14 feet to a point of intersection;
THENCE N.l l 0 12'08" E., continuing along said centerline a distance of 309.80 feet to a
point of intersection;
THENCE Northeasterly, continuing alotJg said centerline, along a curve to the left, said
curve having a radius of 2864.99 feet, a central angle of 3 °3 7' 14", a chord bearing of
N.9°24' 14" E., and a chord distance of 181.0 I feet to a point of intersection;
THENCE S. 88°46'27" E., at 50.31 feet pass a½" iron rod with cap found in the East
right-of-way line of said county road, continuing for a total distance of 2531.92 feet to a
½" iron rod with cap set for the Northeast comer of this tract;
THENCE S. 1°13'33" W., at 2773.02 feet pass a½" iron rod with cap found in the North
right-of-way line of FM Highway No. 1294, continuing for a total distance of2823.02
feet to a point in the South line of said Section 38;
THENCE N. 88°33'49" W., along the South line of said Section 38 a distance of2649.62
feet to the Point of Beginning.
AND
METES AND BOUNDS DESCRIPTION ofa 131.12 acre tract of land located in Section
38, Block D, Lubbock County, Texas, being, the North portion of that 301.648 acre tract
of land recorded in Volume 7108, Page 73 Real Property Records of Lubbock County,
Texas, being further described as follows:
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BEGINNING at a cross chiseled on concrete found in the centerline of a paved county
road, (old U.S. 87) at the Southwest comer of this tract which bears N. 88°33'49" W. a
distance of 5179. 77 feet and N. 0 I 0 26' 11" E. a distance of 2813 .69 feet from the
Southeast comer of said Section 38, Block D, Lubbock County, Texas;
THENCE Northeasterly, along said centerline, along a curve to the left, said curve having
a radius of2864.99 feet, a central angle of 05°54'38", a chord bearing ofN.04°38' 18" E.,
and a chord distance of 295.42 feet to a point of intersection;
THENCE N. 1 °44'07" E., continuing along said centerline a distance of 343.52 feet to a
point of curvature;
THENCE Northeasterly, continuing along said centerline, along a curve to the right, said
curve having a radius of 1432.39 feet, a central angle of25 °00'00", a chord bearing of
N .14°05 '40" E., and a chord distance of 620.05 feet to a point of intersection;
THENCE N. 26°3 7' 44" E., continuing along said centerline a distance of 57 4.36 feet to a
point of curvature;
THENCE Northeasterly, continuing along said centerline, along a curve to the left, said
curve having a radius of 1273.24 feet, a central angle of 32°52'2 I", a chord bearing ofN.
10°12'07" E., and a chord distance of720.52 feet to a point of intersection in the North
line of said Section 38;
THENCE S. 88°44'36" E., along the North line of said Section 38, at 50.41 feet pass a
½" iron rod with cap set in the East right-of-way line of said county road, continuing for
a total distance of 2014.38 feet to a ½" iron rod with cap set for the Northeast corner of
this tract;
THENCE S. 01°13'33" W., a distance of2472.32 feet to a½" iron rod with cap found at
the Southeast comer of this tract;
THENCE N. 88°46'27" W., a distance of253 l.92 feet to the Point of Beginning.
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.
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AND IT IS SO ORDERED.
Passed by the City Co uncil on fir st reading on ____ D_c_t_o_b_e_r _l3 ____ , 2011.
Passed by the City Council on second reading on October 27 , 2011.
ATT EST:
PPROVED AS TO CO TE T:
An ly B~ircham ,
Chief Financial Officer
APPROVED AS TO FORM :
Linda L. Chamalcs,
Economic Development Attorney
LC:cityu1t/Li11dalRci111·esln1cn1Zo11cOrd-Railp,,rt
September I. 20! I
7 TOM MARTIN, MAYOR
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