HomeMy WebLinkAboutOrdinance 1635
ORDINANCE NO. 1635
WHEREAS, the City of North Richland Hills City Council has
determined that the economic well being of the City of North
Richland Hills is of primary concern to the City Council, and;
WHEREAS, Chapter 312, Texas Tax Code, known as the Texas
Property Redevelopment and Tax Abatement Act provides that the
City of North Richland Hills has the authority to create
reinvestment zones within the City for the purpose of economic
development, and;
WHEREAS, on September 11, 1989, the City of North Richland
Hills City Council, by resolution, established certain guidelines
and criteria governing tax abatement agreements and indicated the
desire of the City of North Richland Hills to become eligible to
participate in tax abatement agreements, and;
WHEREAS, AEGON/Life Investors has requested the designation
of a reinvestment zone for purposes of tax abatement of real
property belonging to AEGON/Life Investors, for the purposes of
economic development as defined under the Texas Property
Redevelopment and Tax Abatement Act, and;
WHEREAS, on the 16th day of September, 1989, notice was
published in the Mid Cities News stating that a public hearing
would be conducted by the City of North Richland Hills City
Council on the 25th day of September, 1989, to consider the
request of AEGON/Life Investors to have the property herein
described in Exhibit "A" designated as a reinvestment zone, and;
WHEREAS, it is the finding of the City Council of the City
of North Richland Hills that the terms of the agreement and the
property subject to the agreement as presented to the City of
North Richland Hills by AEGON/Life Investors, meet the applicable
guidelines and criteria adopted by the City Council of September
11, 1989, and;
WHEREAS, it is the finding of the City Council of the City
of North Richland Hills that the creation of a reinvestment zone
for the above stated property would be a benefit to the said
property and the development anticipated to occur in the proposed
zone would contribute to the economic development of the City of
North Richland Hills, and;
WHEREAS, it is the finding of the City Council of the City
of North Richland Hills that the designation of the reinvestment
zone would contribute to the retention or expansion of primary
emploYment within the City of North Richland Hills, Texas,
and; WHEREAS,
ót...."",
WHEREAS, it is the finding of the City Council of the City
of North Richland Hills that the designation of the reinvestment
zone would attract major investment in the zone, and;
BE IT THEREFORE ORDERED that the City Council of the City of
North Richland Hills hereby designates as a reinvestment zone
property herein described in Exhibit "A" pursuant to the
authority contained in Section 312.401 of the Texas Property
Redevelopment and Tax Abatement Act.
Passed in open session of the City Council this 25th day of
September, 1989.
Tommy Brow
City of N
Hills, Texas
ATTEST:
~-!:~ ~~~~¿tarY
-- ----
PROPERTY DESCRIPTION
FOR PARCEL ....NO. 1
ZONING 0-1
17.Q2 acres of land situated in the L. C. Walker Survey,
Ab8~ract No. 1652, Tarrant County, Texas and also being a
poc~ion of an 25.939 acre tract and a 50.001 acre tract
conveyed to The Fort Worth National Sank of Foct worth, Texas,
Tru~tee (1/2 interest), PrudE!nce Wyman Lucas (1/4 interest),
and James A. Lucas, Tustee of Nancy Lucas Traweek Irrevocable
Tru$t (1/4 interest), said 17.02 acres of land being more
particularly desccibed by metes and bounds ae follows:
BEG¡NNING at a point in the west line of said 50.001 acre
traat, said point lies S Oott 12' 34" W 664.0 feet from the
norUhwest corner of said 50.001 acre tract:
THEt4CE S 89° 47' 26" E 698.97 feet to a point for corner¡
Ther\ce S 00° 12' 34" W 614.10 feet to an angle point:
'l'HE~CE $ 44° 04' E 147.20 feet to a point for cocner¡
THE~CE S 45° 56' w 561.33 feet to a point for corner;
THEt;CE ~ 88° 05' 581 W 400.00 feet to a corner;
'l'HE~CE N 00° 12' 34" E at 100.00 feet pass a 3/4 inch pipe in
the north 1 ine of said 25.939 acre tract and a130 being the
southweet corner of said 50.001 acre tract and continuing in
all 1099.57 feet to tbe POINT OF BEGINNING and containing 11.02
acr,e of land.
EXHIBIT "A".
TOTAL P. 02
SEP 18 '88 15:07
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LEGAL AFFIDAVIT
THE STATE OF TEXAS:
COUNTY OF TARRANT
Before me, the undersigned authority on this day personally ap-
peared Vir gin i a Ran kin known to me to be a credible person, who
first being sworn, deposed and upon her oath said:
That she is the C AM
of the Mid r.it1P.S Npws ,anewspa-
per which has been regularly and continuously published and of general
circulation in the Citytrown ofN. R ic h 1 and Hill s. pror a period of
.more than one year next preceding the first publication of the attached
Le~a1
and that he caused said notice to be published in
said newspaper on the following date(s). 9/ 16
That the attached is a true and correct copy of said notice as
I'
published on said date(s) in said New syå per
Sworn to and subscribed be:~::/:: lJW!day
¿:!?
of s..E.£J,.
19-ª.2....
4~N m~
Notary Public,
County, Texas
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(O//Cf/q 3
ATTACH LEGAL
COPY HERE
NOTICE OF
PUBLIC HEARING
T~e City Council of the
C~ty of North Richland
HIlls shall consider the
passage of an ordinance
designating a Reinvest-
ment Zone on property
located at the northwest
c,!rner of Grapevine
Highway (SH-26) and
Prec!nct Line Road. The
PublIc Hearing shall be
at 7:30 P.M. on Monday
September 25, 1989 in th~
Council Chambers at
7301 Northeast Loop 820
North Richland Hills'
Texas. '
At the above meetin
the City Council shaH
consider an Abatement
Agreement for impra.ve-
ments with]n the desig-
nated Reinvestment
. Zone.
Tommy Brown
Mayor
MCN CPN 521
PUB: 9/16/89