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HomeMy WebLinkAboutOrdinance 3030ORDINANCE NO. 3030 AN ORDINANCE enlarging the boundaries of Reinvestment Zone Number 1, City of North Richland Hills, and resolving other matters incident and relating thereto, including the preparation and execution of participation agreements with overlapping taxing jurisdictions; and providing an effective date. WHEREAS, pursuant to the provisions of the Tax Increment Financing Act, V.T.C.A., Tax Code, Chapter 311, as amended (the "Act"), and pursuant to Ordinance No. 2333, adopted on September 14, 1998 by the City Council of the City of North Richland Hills, Texas (the "City"), the City created a reinvestment zone known as Reinvestment Zone Number 1, City of North Richland Hills (the "Zone"); and WHEREAS, on October 20, 1998, the Board of Directors of the Zone (the "Board") prepared and adopted a project plan and reinvestment zone financing plan (jointly, the "Plans") for the Zone in accordance with Section 311.011{a) of the Act and submitted such Plans to the City Council for approval; and WHEREAS, the Council approved the Finance Plan and the Project Plan on October 26, 1998 and December 14, 1998, respectively; and WHEREAS, Section 311.007 of the Act allows the City Council to reduce or enlarge the boundaries of an existing reinvestment zone by ordinance or resolution, subject to the limitations provided by Section 311.006 of the Act; and WHEREAS, Section 311.006 of the Act allows a municipality to change the boundaries of an existing reinvestment zone so long as (i) less than ten percent (10%) of the property within the amended boundaries of the reinvestment zone, excluding any property dedicated to public use, is used for residential purposes, as def ned in Section 311.006(d) of the Act; (ii) the amended boundaries of the reinvestment zone will not contain more than fifteen percent (15%) of the total appraised value of taxable real property in the municipality and in the industrial districts created by the municipality; and •(iii) the amended boundaries of the reinvestment zone will not contain more than fifteen percent (15%) of the total appraised value of the real property taxable by a county or school district; and WHEREAS, pursuant to Section 311.007 of the Act, the City wishes to enlarge the Zone by adding certain real property which is contiguous with the Zone and is more specifically described in Exhibit A of this Ordinance (the "Property"); and WHEREAS, the Board has prepared and adopted a first amendment to the project plan and a first amendment to the reinvestment zone fnancing plan (jointly, the "First Amendments") for the Zone in accordance with Section 311.011(e) of the Act and submitted such First Amendments to the City Council for approval; and WHEREAS, on November 24, 2008, the City Council held a public hearing regarding the enlargement of the Zone and its benefits to the City and to property in the Zone and afforded a 65215105.1/1 06 1 1340 Ordinance No. 3030 Page 1 of 18 reasonable opportunity for all interested persons to speak for or against the addition of the Properly into the Zone; and WHEREAS, notice of the public hearing was published in a newspaper of general circulation in the City on November 14, 2008, which date was more than seven (7) days prior to the date of that hearing; and WHEREAS, prior to the public hearing the City provided written notice to all taxing units levying real property taxes within the Zone of the City's intention to add the Property into the Zone and of the public hearing; and WHEREAS, pursuant to Ordinance No. 3029, adopted on November 24, 2008, and in accordance with Section 311.011(e) of the Act, the City Council approved the First Amendments; now, therefore, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF NORTH RICHLAND HILLS, TEXAS: SECTION 1. Designation of Property. The City Council hereby enlarges the boundaries of the Zone by adding the Property specifically described in Exhibit A, which is attached hereto and hereby made a part of this Ordinance for all purposes. The Zone, as enlarged, shall continue to be known as "Reinvestment Zone Number 1, City of North Richland Hills, Texas", and shall consist of the property specifically described in Exhibit B, and, with the addition of the Property, the Zone continues to meet the requirements of Section 311.006 of the Act. SECTION 2. Board of Directors. The Board shall remain unchanged and shall continue to conform to the requirements of Section 311.009 of the Act. SECTION 3. Term of Zone. The addition of the Property into Zone shall take effect upon the adoption of this Ordinance. As provided in Ordinance No. 2333, the Zone will expire in 2019 or when bonds sold to fund Mackey Creek drainage improvements expire, whichever comes first. SECTION 4. Determination of Tax Increment Base. The tax increment base, as defined by Section 311.012(c) of the Act, for the Property added to the Zone shall be the total appraised value of the Property taxable by a taxing unit for the year 2008, which is the year in which the Property was added to the Zone. The tax increment base for the property located within the boundaries of the Zone prior to the adoption of this Ordinance shall remain unchanged. SECTION 5. Tax Increment Fund. The Tax Increment Fund created and established for the Zone pursuant to Ordinance No. 2333 (the "TIF Fund") shall include the percentage of any tax increment (as defined by Section 311.012(a) of the Act) produced by the Property that (i) the City dedicates to the TIF Fund and (ii) each taxing unit which levies real property taxes on the Property elects to dedicate to the TIF Fund under a participation agreement with the City, as authorized by Section 311.013(fj of the Act. SECTION 6. TIF Agreements. In accordance with Section 311.013(f} of the Act, the staff of the City is hereby authorized and directed to prepare and submit on behalf of this City 6521 S 105.1 / 10611340 2 Ordinance No. 3030 Page 2 of 18 Council to the overlapping taxing units agreements relating to each taxing unit's participation in the Zone and the additional amount of tax increment, if any, from the Property to be paid into the Tax Increment Fund, and the Mayor and City Secretary are hereby authorized to execute such agreements for and on behalf of the City and as the act and deed of this City Council. SECTION 7. Severability. If any provision of this Ordinance or the application thereof to any circumstance shall be held to be invalid, the remainder of this Ordinance and the application thereof to othex circumstances shall nevertheless be valid, and the City Council hereby declares that this Ordinance would have been enacted without such invalid provision. SECTION 8. Inconsistent Provisions. All ordinances, orders or resolutions, or parts thereof, which are in conflict or inconsistent with any provision of this Ordinance are hereby repealed to the extent of such conflict and the provisions of this Ordinance shall be and remain controlling as to the matters contained herein. SECTION 9. Incorporation of Findings and Determinations. The findings and determinations of the City Council contained in the preamble hereof are hereby incorporated by reference and made a part of this Ordinance for all purposes as if the same were restated in full in this Section. SECTION 10. Public Meeting. It is officially found, determined and declared that the meeting at which this Ordinance is adopted was open to the public and public notice of the time, place, and subject matter of the public business to be considered at such meeting, including this Ordinance, was given, all as required by V.T.C.A., Government Code, Chapter 551, as amended. SECTION 1 1. Effective Date. This Ordinance shall be in foil force and effect from and after its passage on the date shown below and it is so ordained. [Remainder of page left blank intentionally) 65215105.1/10611340 Ordinance No. 3030 Page 3 of 18 PASSED AND ADOPTED, this November 24, 2008. ATTEST: City Secretary APPROVED AS TO LEGALITY: City ttorney ,~ ~1G .....q N~'~,6 •' ~ .,. s ~ r ~ ~.ty Seal .,. ~ '~.~" J~ ~:~ r z = •~ r O '•, s ~ : ~ r l~ f • M~~~M~~~~~• ~ ~~~ 65215 105.1/10611340 S- Ordinance No. 3030 Page 4 of 18 EXHIBIT A METES AND BOUNDS DESCRIPTION EXPANSION AREA Approximately 297 acres BEGINNING at a point being on the south Right of Way (ROW) line of Richland Plaza Dr. and being on the north property Line of a tract designated by the Tarrant Appraisal District (TAD) as Tract A, A2 and A1, Richland Plaza Addition approximately 70 feet south and approximately 10 feet west of the southwest corner of a tract designated by TAD as Commercial Tract B out of the Richland Plaza Addition; THENCE, in a northeasterly direction leaving said south ROW line and crossing Richland Plaza Drive a distance of approximately 70 feet to the southwest corner of a tract designated by TAD as Commercial Tract B out of the Richland Plaza Addition; THENCE, in a northerly direction along the west boundary of said Commercial Tract B of the Richland Plaza Addition approximately 130 feet to the northwest corner of said tract; THENCE, in an easterly direction along the north boundary of said Commercial Tract B of the Richland Plaza Addition approximately 335 feet to the southeast corner of Lot 4, Block 10, Richland Hills West Addition; THENCE, in a northerly direction along the east boundary of said Lot 4, Block 10, Richland Hills West Addition approximately 120 feet to the northeast corner of said lot and also to a point in the south ROW line of Onyx Drive South; THENCE, following said south ROW line in an easterly direction of approximately 177 feet to a point in the said south ROW line and also being the northeast corner of Lot 6, Block 10, Richland Hills West Addition; THENCE, in a northeasterly direction leaving said south ROW line and said corner of Lot 6, Block 10, Richland Hills addition crossing Bonier St. a distance of approximately 110 feet to a point in the east ROW line of Bonzer,St.; THENCE, northeast along the east ROW line of Bonier St. approximately 760 feet to a point in the south ROW line of Jerrell St. and being the northwest corner of Lot 9A5, Block 9, Richland Hills West Addition; THENCE, in a northwesterly direction leaving said corner of Lot 9A5, Block 9, Richland Hills West Addition a distance of approximately 60 feet to a point in the north ROW line of Jerrell St. and also being in the south property line of Lot 27, Block 3, Richland Hills West Addition; 65215105.1/i0611340 A-1 Ordinance No. 3030 Page 5 of 18 THENCE, easterly along the north ROW line of Derrell St. a distance of approximately 400 feet to the southeast corner of Lot 33, Block 3, Richland Hills West Addition and being a point in the west ROW line of Rufe Snow Dr.; THENCE, northerly along said west ROW line of Rufe Snow Dr. a distance of approximately 1,014 feet to a point in the west ROW line of Rufe Snow Dr. and being the northeast corner of Lot 1 A, Block 12, Richland Hills West addition; THENCE, westerly along the north property lines of Lot 1 A through Lot 13, Block 10, Richland Hills West Addition a distance of approximately 810 feet, approximately 15 feet east of the southwest corner of a tract designated by TAD as Tract 2L04, out of the M. Lynch Survey, Abstract No. 953; THENCE, northeasterly along a curve approximately 615 feet to a point in the centerline of Harmonson Rd., perpendicular to the eastern property line of a tract designated by TAD as Tract 2L04A, out of the M. Lynch Survey, Abstract No. 953; THENCE, easterly along said centerline of Harmonson Rd. a distance of approximately 500 feet to a point in said centerline; THENCE, in a northerly direction leaving said centerline of Harmonson Rd. a distance of 365 feet to a point on the southern property line of Lot i 1R, Block 2, J.L. Autrey Addition; THENCE, in a westerly direction along the said southern property line a distance of approximately 200 feet to the southwest corner of said Lot 11 R, Block 2, J.L. Autrey Addition; THENCE, in a northerly direction, initially following the western property line of said Lot 11R, Block 2, J.L. Autrey, and continuing north, departing from the said western property line a total distance of approximately 240 feet to a point in the centerline of Rita Beth St. that is perpendicular to the most northern property Line of said Lot 11R, Block 2, J.L. Autry Addition; THENCE, in an easterly direction along the most northern property line of Lot 11 R, Block 2, J.L. Autrey Addition a distance of approximately 200 feet to the southeast corner of Lot 8, Block 3, J.L. Autrey Addition; THENCE, in a northerly direction a distance of approximately 205 feet to the northeast corner of Lot 6, Block 3, J.L. Autrey Addition; THENCE, in a westerly direction along the north property line of said Lot b, Block 3, J.L. Autrey Addition a distance of approximately 75 feet to the southeast corner of Lot D, Block 3, J.L. Autrey Addition; 6521 S 105.1/10611340 A-2 Ordinance No. 3030 Page 6 of 18 THENCE, in a northerly direction a distance of approximately 23 5 feet to the northeast corner of Lot A, Block 3, J.L. Autrey Addition; THENCE, in a westerly direction a distance of approximately 115 feet to a point on the centerline of Rita Beth St. perpendicular to the north property line of said Lot A, Block 3, J.L. Autrey Addition; THENCE, in a northerly direction roughly along the centerline of Rita Beth St. a distance of approximately 175 feet to a point in the centerline of Glenview Dr.; THENCE, in a westerly direction along the centerline of Glenview Dr. a distance of approximately S 85 feet to a point on said centerline which is perpendicular to the west property line of a tract designated by TAD as Tract 2B4A out of the John M. Vandusen Survey, Abstract No. 1588; THENCE, in a northerly direction leaving said centerline of Glenview Dr. following the west property line of said Tract 2B4A out of the John M. Vandusen Survey, Abstract No. 1588 a distance of approximately 745 feet to the northwest corner of Lot 1, Block 1, North Glenn Addition; THENCE, in a easterly direction along the north property line of said Lot 1, Block 1, North Glenn Addition a distance of approximately 830 feet to a point on the centerline of Rufe Snow Dr.; THENCE, in a southerly direction along said centerline of Rufe Snow Dr. a distance of approximately 535 feet, to a point on said centerline that is perpendicular to the south property line of Lot 14R, Block 6, Hillview Addition; THENCE, in an easterly direction parallel to said south property line a distance of approximately 320 feet to a point on the centerline of Carma Dr.; THENCE, in a southerly direction along said centerline of Carma Dr. a distance of approximately 197 feet to a point along said centerline of Carma Dr. that is perpendicular to the north ROW of Glenview Dr. THENCE, in an easterly direction along the north ROW line of Glenview Dr. a distance of approximately 2,710 feet to a point on said ROW line and being the southeast corner of Lot 6, Block 4, North Richland Hills Addition; THENCE, in a northerly direction along the east property line of said Lot 6, Block 4, North Richland Hills Addition a distance of approximately 11 S feet to the northeast corner of said lot; THENCE, in an easterly direction a distance of approximately 7 feet to the southeast corner of Lot 5, Block 4, North Richland Hills Addition; b5215105.1/10611340 A-3 Ordinance No. 3030 Page 7 of 18 THENCE, in a northerly direction along the east property lines of Lots 4 & 5, Block 4, North Richland Hills Addition a distance of approximately 163 feet to the most southern corner of Lot 3, Block 4, North Richland Hills Addition; THENCE, in a northeasterly direction parallel to the southeast property line of Lots 1-3, Block 4, North Richland Hills Addition, and extending across Blaney Ave. to a total distance of approximately 250 feet to a point on the eastern ROW line of Blaney Ave.; THENCE, in a northwesterly direction along the said east ROW line of Blaney Ave. a distance of approximately 350 feet to a point on said ROW line and being the southwest corner of Lot 1, Block 5, North Richland Hills Addition; THENCE, in an easterly direction a distance of approximately 775 feet to the east corner of Lot 14A, Block 5, North Richland Hills Addition; THENCE, in a northeasterly direction a distance of approximately 1,078 feet to the east corner of Block 5, Lot 11, North Richland Hills Addition; THENCE, in a northerly direction a distance of approximately 75 feet to the northwest corner of Lot 2, North Edgley Addition; THENCE, in an easterly direction parallel to the north property line of said Lot 2, North Edgley Addition a total distance of approximately 75 feet to a point on the centerline of Ken Michael Ct.; THENCE, in a northerly direction along said centerline of Ken Michael Ct. a distance of approximately 102 feet to a point on said centerline and being perpendicular to the south property line of Lot 9, North Edgley Addition; THENCE, in an easterly direction along the south property line of said Lot 9, Edgley Addition a distance of approximately 145 feet to the southeast corner of said lot; THENCE, in a northeasterly direction a distance of approximate 75 feet to a point on the west property line of Lot 2R, Block 1, North Edgley Addition; THENCE, in a northern direction along said west property line a distance of approximately 288 feet to the most west northwest corner of Lot 1R, Block 1, North Edgley Addition; THENCE, in an easterly direction following the property line of said Lot 1 R, Block 1, North Edgley Addition a distance of approximately SO feet; THENCE, in a northerly direction a distance of approximately 1,500 feet to a point on the west ROW line of Road to the Mall Dr. and also being the northeast corner of Lot 24, H.W. Kelley Estates Addition; 65215105.1/10611340 A-4 Ordinance No. 3030 Page 8 of 18 THENCE, in a northerly direction along the said west ROW line of Road to the Mall Dr. a distance of approximately 534 feet to a point on said ROW line and being the east corner of Lot 1R1, Richland Terrace Addition; THENCE, in a northeasterly direction perpendicular to the ROW lines for NE LOOP 820 a distance of approximately 350 feet to a point on the north ROW line of NE LOOP 820; THENCE, in a easterly direction along said north ROW line of NE LOOP 820 a distance of approximately 1000 feet to another point in said ROW line and also being the south corner of Lot 2R1, Block 42CR, Richland Terrace Addition; THENCE, in a southeasterly direction a distance of approximately 75 feet to a point on the north ROW line of NE LOOP 820; THENCE, in a easterly direction along the said north ROW line of NE LOOP 820 a distance of 1,920 feet to a point on said ROW line and being the most south southeast corner of Lot 4, Kip's Big Boy Addition; THENCE, in a southeasterly direction a distance of approximately 400 feet to a point on the west ROW line of Booth Calloway Rd. and being the most east northeast corner of Lot B 1, Calloway Park Addition; THENCE, in a southerly direction roughly along the said west ROW line of Booth Calloway Rd. a distance of approximately 675 feet to a point on the south ROW line of Roger Line Dr. and being approximately 15 feet west of the northeast corner of Lot 1 A, Block E, Calloway Farm Addition; THENCE, in an westerly direction along the said south ROW line of Roger Line Dr. a distance of approximately 1,430 feet to a point on said south ROW line and also being the northwest corner of a tract designated by TAD as Tract 9W01A of the William W. Wallace Survey, Abstract No. 1606. THENCE, in a northwesterly direction along a curved line that follows a private road in the North Hills Mall property, also known as Lot 1 R, Block A, Calloway Farm Addition a distance of approximately 470 feet to the east comer of Lot 2, Block J, Calloway Farm Addition; THENCE, in a southwesterly direction along the southeast property line of said lot a distance of approximately 425 to the south corner of said Lot 2, Block J, Calloway Farm Addition, and being the east comer of Lot 1, Block J, Calloway Farm Addition; THENCE, in a southwesterly direction along the southeast property line of said Lot 1, Block J, Calloway Farm Addition, a distance of approximately 320 feet to the south corner of said lot; 65215105.1/lU6I I34U A-5 Ordinance No. 3030 Page 9 of 18 THENCE, in a southwesterly direction a distance of approximately 90 feet to the east corner of Lot 1, Block E, Calloway Farm Addition; THENCE, in a southwesterly direction along the southeast property line of said Lot 1, Block E, Calloway Farm Addition a distance of approximately 450 feet to the south corner of said lot; THENCE, in a southwesterly direction along the curved property line of Lot 1R, Block D, Calloway Farm Addition a distance of approximately 400 feet to a point on said property line; THENCE, in a southwesterly direction departing from said property line a distance of approximately 1 S6 feet to the north corner of Lot 1 SR, Edgley Addition, and being a point on the south ROW line of Highway 26; THENCE, in a southwesterly direction along the said south ROW line of Highway 26 a distance of approximately 395 feet to a point on said ROW line and being the northwest corner of Lot 12, Edgley Addition, and being a point on the south City Limit line of North Richland Hills; THENCE, in a southwesterly direction along said south city limit line and roughly following the south ROW line of Highway 26 a distance of approximately 7,625 feet to a point on the said city limit line; THENCE, in a northwesterly direction a distance of approximately 165 feet to the east corner of Commercial Tract Al of the Richland Plaza Addition, a point being on the south ROW line of Richland Plaza Dr.; THENCE, in a northwesterly direction along the curve of the said south ROW line of Richland Plaza Dr., a distance of approximately 270 feet to the POINT OF BEGINNING. 65215!05.11106] 2340 A-6 Ordinance No. 3030 Page 10 of 18 EXHIBIT B METES AND BOUNDS DESCRLPTION EXPANDED ZONE {392 acres) BEGINNING at a point being the southeast corner of Lot 1, Block 17 Richland Hills West Addition and the most northerly corner of a 38.77 acre tract designated by the Tarrant Appraisal District {TAD) as Tract 1 out of the M. Lynch Survey, Abstract No. 953 and in the west right-of- way {ROVE line of Billie Faye Drive; THENCE, south along the west ROW line of Billie Faye Drive approximately 200 feet to a point; THENCE, in a southeasterly direction leaving said west ROW line and crossing Richland Plaza Drive a distance of approximately 65 feet to a point in the south ROW line of Richland Plaza Drive; THENCE, in an easterly direction following said south ROW line and also being the north property line of Tract A, A2 and A1, Richland Plaza Addition approximately 1,320 feet to a point in the said south ROW of Richland Plaza Drive; THENCE, in a northeasterly direction leaving said south ROW line and crossing Richland Plaza Drive a distance of approximately 70 feet to the southwest corner of a tract designated by TAD as Commercial Tract B out of the Richland Plaza Addition; THENCE, in a northerly direction along the west boundary of said Commercial Tract B of the Richland Plaza Addition approximately i 30 feet to the northwest corner of said tract; THENCE, in an easterly direction along the north boundary of said Commercial Tract B of the Richland Plaza Addition approximately 335 feet to the southeast corner of Lot 4, Block 10, Richland Hi11s West Addition; THENCE, in a northerly direction along the east boundary of said Lot 4, Block 10, Richland Hills West Addition approximately 120 feet to the northeast corner of said iot and also to a point in the south ROW line of Onyx Drive South; THENCE, following said south ROW line in an easterly direction of approximately 17? feet to a point in the said south ROW line and also being the northeast corner of Lot 6, Block 10, Richland Hills West Addition; THENCE, in a northeasterly direction leaving said south ROW line and said corner of Lot 6, Block 10, Richland Hills addition crossing Bonzer St. a distance of approximately 110 feet to a point in the east ROW line of Bonzer St.; 65215105.1/10611340 B-1 Ordinance No. 3030 Page 11 of 18 THENCE, northeast along the east ROW line of Bonier St. approximately 760 feet to a point in the south ROW line of Derrell St. and being the northwest corner of Lot 9A5, Block 9, Richland Hills West Addition; THENCE, in a northwesterly direction leaving said corner of Lot 9A5, Block 9, Richland Hills West Addition a distance of approximately 60 feet to a point in the north. ROW line of Derrell St, and also being in the south property line of Lot 27, Block 3, Richland Hills West Addition; THENCE, easterly along the north ROW line of Jerreil St. a distance of approximately 400 feet to the southeast corner of Lot 33, Block 3, Richland Hills West Addition and being a point in the west ROW line of Rufe Snow Dr.; THENCE, northerly along said west ROW line of Rufe Snow Dr, a distance of approximately 1,014 feet to a point in the west ROW line of Rufe Snow Dr. and being the northeast corner of Lot 1 A, Block 12, Richland Hills West addition; THENCE, westerly along the north property lines of Lot 1 A through Lot 13, Block 10, Richland Hills West Addition a distance of approximately 810 feet, approximately 15 feet east of the southwest corner of a tract designated by TAD as Tract 2L04, out of the M. Lynch Survey, Abstract No. 953; THENCE, northeasterly along a curve approximately 615 feet to a point in the centerline of Harmonson Rd., perpendicular to the eastern property line of a tract designated by TAD as Tract 2L04A, out of the M. Lynch Survey, Abstract No. 953; THENCE, easterly along said centerline of Harmonson Rd. a distance of approximately 500 feet to a point in said centerline; THENCE, in a northerly direction leaving said centerline of Harmonson Rd. a distance of 365 feet to a point on the southern property line of Lot 11R, Block 2, J.L. Aulxey Addition; THENCE, in a westerly direction along the said southern property Line a distance of approximately 200 feet to the southwest corner of said Lot 11 R, Block 2, J.L. Autrey Addition; THENCE, in a northerly direction, initially following the western property line of said Lot 1 IR, Block 2, J.L. Autrey, and continuing north, departing from the said western property line a total distance of approximately 240 feet to a point in the centerline of Rita Beth St. that is perpendicular to the most northern property line of said Lot 11R, Block 2, J.L. Autry Addition; THENCE, in an easterly direction along the most northern property line of Lot 11R, Block 2, J.L. Autrey Addition a distance of approximately 200 feet to the southeast corner of Lot 8, Block 3, J.L. Autrey Addition; 65215105.1/I0611340 B-2 Ordinance No. 3030 Page 12 of 18 THENCE, in a northerly direction a distance of approximately 205 feet to the northeast corner of Lot 6, Block 3, J.L. Autrey Addition; THENCE, in a westerly direction along the north property line of said Lot 6, Block 3, J.L. Autrey Addition a distance of appxoximately 75 feet to the southeast comer of Lot D, Block 3, J.L. Autrey Addition; THENCE, in a northerly direction a distance of approximately 235 feet to the northeast corner of Lot A, Block 3, J.L. Autrey Addition; THENCE, in a westerly direction a distance of approximately 115 feet to a point on the centerline of Rita Beth St. perpendicular to the north property line of said Lot A, Block 3, J.L. Autrey Addition; THENCE, in a northerly direction roughly along the centerline of Rita Beth St. a distance of approximately 175 feet to a point in the centerline of Glenview Dr.; THENCE, in a westerly direction along the centerline of Glenview Dr. a distance of approximately 585 feet to a point on said centerline which is perpendicular to the west property line of a tract designated by TAD as Tract 2B4A out of the John M. Vandusen Survey, Abstract No. 1588; THENCE, in a northerly direction leaving said centerline of Glenview Dr. following the west property line of said Tract 2B4A out of the John M. Vandusen Survey, Abstract No. 1588 a distance of approximately 745 feet to the northwest corner of Lot 1, Block 1, North Glenn Addition; THENCE, in a easterly direction along the north property line of said Lot 1, Block 1, North Glenn Addition a distance of approximately 830 feet to a point on the centerline of Rufe Snow Dr.; THENCE, in a southerly direction along said centerline of Rufe Snow Dr. a distance of approximately 535 feet, to a point on said centerline that is perpendicular to the south property line of Lot 14R, flock 6, Hillview Addition; THENCE, in an easterly direction parallel to said south property line a distance of approximately 320 feet to a point on the centerline of Carma Dr.; THENCE, in a southerly direction along said centerline of Carma Dr. a distance of approximately 197 feet to a point along said centerline of Carma Dr. that is perpendicular to the north ROW of Glenview Dr. THENCE, in an easterly direction along the north ROW line of Glenview Dr. a distance of approximately 2,710 feet to a point on said ROW line and being the southeast corner of Lot 6, Block 4, North Richland Hills Addition; 65215105.1/10611340 $-3 Ordinance No. 3030 Page 13 of 18 THENCE, in a northerly direction along the east property line of said Lot 6, Block 4, North Richland Hills Addition a distance of approximately 115 feet to the northeast corner of said lot; THENCE, in an easterly direction a distance of approximately 7 feet to the southeast corner of Lot 5, Block 4, North Richland Hills Addition; THENCE, in a northerly direction along the east property lines of Lots 4 & S, Block 4, North Richland Hills Addition a distance of approximately 163 feet to the most southern corner of Lot 3, Block 4, North Richland Hills Addition; THENCE, in a northeasterly direction parallel to the southeast property line of Lots 1-3, Block 4, North Richland Hills Addition, and extending across Blaney Ave. to a total distance of approximately 250 feet to a point on the eastern ROW line of Blaney Ave.; THENCE, in a northwesterly direction along the said east ROW line of Blaney Ave. a distance of approximately 350 feet to a point on said ROW line and being the southwest corner of Lot 1, Block 5, North Richland Hills Addition; THENCE, in an easterly direction a distance of approximately 77S feet to the east corner of Lot I4A, Block 5, North Richland Hills Addition; THENCE, in a northeasterly direction a distance of approximately 1,078 feet to the east corner of Block 5, Lot 1 1, North Richland Hills Addition; THENCE, in a northerly direction a distance of approximately 75 feet to the northwest corner of Lot 2, North Edgley Addition; THENCE, in an easterly direction parallel to the north property line of said Lot 2, North Edgley Addition a total distance of approximately 75 feet to a point on the centerline of Ken Michael Ct.; THENCE, in a northerly direction along said centerline of Ken Michael Ct. a distance of approximately 102 feet to a point on said centerline and being perpendicular to the south property line of Lot 9, North Edgley Addition; THENCE, in an easterly direction along the south property line of said Lot 9, Edgley Addition a distance of approximately 145 feet to the southeast corner of said lot; THENCE, in a northeasterly direction a distance of approximate 75 feet to a point on the west property line of Lot 2R, Block 1, North Edgley Addition; 65215105.1/10611340 B-4 Ordinance No. 3030 Page 14 of 18 THENCE, in a northern direction along said west property line a distance of approximately 288 feet to the most west northwest corner of Lot 1R, Block 1, North Edgley Addition; THENCE, in an easterly direction following the property line of said Lot 1R, Block 1, North Edgley Addition a distance of approximately 50 feet; THENCE, in a northerly direction a distance of approximately 1,500 feet to a point on the west ROW line of Road to the Mall Dr. and also being the northeast corner of Lot 24, H.W. Kelley Estates Addition; THENCE, in a northerly direction along the said west ROW line of Road to the Mall Dr. a distance of approximately 534 feet to a point on said ROW line and being the east corner of Lot 1R1, Richland Terrace Addition; THENCE, in a northeasterly direction perpendicular to the ROW lines for NE LOOP 820 a distance of approximately 350 feet to a point on the north ROW line of NE LOOP 820; THENCE, in a easterly direction along said north ROW line of NE LOOP 820 a distance of approximately 1000 feet to another point in said ROW line and also being the south corner of Lot 2R1, Block 42CR, Richland Terrace Addition; THENCE, in a southeasterly direction a distance of approximately 75 feet to a point on the north ROW line of NE LOOP 820; THENCE, in a easterly direction along the said north ROW line of NE LOOP 820 a distance of 1,920 feet to a point on said ROW line and being the most south southeast corner of Lot 4, Kip's Big Boy Addition; THENCE, in a southeasterly direction a distance of approximately 400 feet to a point on the west ROW line of Booth Calloway Rd. and being the most east northeast corner of Lot B 1, Calloway Park Addition; THENCE, in a southerly direction roughly along the said west ROW line of Booth Calloway Rd. a distance of approximately 675 feet to a point on the south ROW line of Roger Line Dr. and being approximately 15 feet west of the northeast corner of Lot 1 A, Block E, Calloway Farm Addition; THENCE, in an westerly direction along the said south ROW Line of Roger Line Dr. a distance of approximately 1,430 feet to a point on said south ROW line and also being the northwest corner of a tract designated by TAD as Tract 9WOlA of the William W. Wallace Survey, Abstract No. 1606. THENCE, in a northwesterly direction along a curved line that follows a private road in the North Hills Mall property, also known as Lot 1 R, Block A, Calloway Farm 65215105.1/10611340 B-5 Ordinance No. 3030 Page 15 of 18 Addition a distance of approximately 470 feet to the east comer of Lot 2, Block J, Calloway Farm Addition; THENCE, in a southwesterly direction along the southeast property line of said lot a distance of approximately 425 to the south corner of said Lot 2, Block J, Calloway Farm Addition, and being the east corner of Lot 1, Block J, Calloway Farm Addition; THENCE, in a southwesterly direction along the southeast property line of said Lot 1, Block J, Calloway Farm Addition, a distance of approximately 320 feet to the south corner of said lot; THENCE, in a southwesterly direction a distance of approximately 90 feet to the east corner of Lot 1, Block E, Calloway Farm Addition; THENCE, in a southwesterly direction along the southeast property line of said Lot 1, Block E, Calloway Farm Addition a distance of approximately 450 feet to the south comer of said lot; THENCE, in a southwesterly direction along the curved property line of Lot 1R, Block D, Calloway Farm Addition a distance of approximately 400 feet to a point on said property line; THENCE, in a southwesterly direction departing from said property line a distance of approximately 156 feet to the north corner of Lot 15R, Edgley Addition, and being a point on the south ROW line of Highway 26; THENCE, in a southwesterly direction along the said south ROW line of Highway 26 a distance of approximately 395 feet to a point on said ROW line and being the northwest corner of Lot 12, Edgley Addition, and being a point on the south City Limit line of North Richland Hills; THENCE, in a southwesterly direction along said south city limit line and roughly following the south ROW line of Highway 26 until the city limit line.departs from said ROW line and continues on its own a total distance of approximately 10,770 feet to a corner on the said city limit line and being the southwest corner of a Tract designated by TAD as Commercial Tract C of the Richland Plaza Addition; THENCE, in a northerly direction a distance of approximately 50 feet to a point on the west property line of said Commercial Tract C of the Richland Plaza Addition; THENCE, in a westerly direction a distance of approximately 360 feet to a point on the northeast property line of Lot 33, Block 2, Diamond Oaks South Addition; THENCE, in a northwesterly direction along the said northeast property line of Lot 33, Block 2, Diamond Oaks South Addition a distance of approximately 205 feet to the north 65215105.1/10611340 $-( Ordinance No. 3030 Page 16 of 18 corner of said lot and being the southeast corner of Lot 29R, Block 2, Diamond Oaks South Addition; THENCE, in a northwesterly direction along the northeast property line of said Lot 29R, Block 2, Diamond Oaks South Addition a distance of approximately 175 feet to the northeast corner of said lot; THENCE, in a northwesterly direction along the northeast property line of Lot 28R, Block 2, Diamond Oaks Addition a distance of approximately 175 feet to the north corner of said lot; THENCE, in a northwesterly direction a distance of approximately 1.65 feet to the northeast corner of Lot 22R, Block 2, Diamond Oaks South Addition; THENCE, in a northwesterly direction a distance of approximately 225 feet to the north corner of Lot 20R, Block 2, Diamond Oaks South Addition; THENCE, in a northwesterly direction a distance of approximately 215 feet to the northeast corner of Lot 16R, Block 2, Diamond Oaks South Addition; THENCE, in a northwesterly direction a distance of approximately 250 feet to the east corner of Lot 12R, Block 2, Diamond Oaks South Addition; THENCE, in a northwesterly direction along the northeast property line of said Lot 12R and Lot 11R, Block 2, Diamond Oaks South Addition a total distance of approximately 20S feet to the north corner of said Lot 11R, Block 2, Diamond Oaks South Addition; THENCE, in a northwesterly direction a distance of approximately 420 feet to the northeast corner of Lot 3R, Block 2, Diamond Oaks South Addition; THENCE, in a southeasterly direction a distance of approximately 20S feet to the southwest corner of a tract designated by TAD as Tract 4A of the Mahaly Lynch Survey, Abstract No. 953; THENCE, in an easterly direction a distance of approximately 1,600 feet to the POINT OF BEGINNING and containing approximately 392 acres of land. 65215105.1/10611340 $-7 Ordinance No. 3030 Page 17 of 18 RESOLUTION N0.2008-02 A RESOLUTION of the Board of Directors of Reinvestment Zone Number 1, City of North Richland Hills adopting certain amendments to the project plan and financing plan for Reinvestment Zone Number 1, City of North Richland Hills, and authorizing and approving other matters incidental and related thereto. WHEREAS, the City of North Richland Hills, Texas (the "City") has created Reinvestment Zone Number 1, City of North Richland Hills (the "Zone"); and WHEREAS, in connection with the Zone there has been adopted a project plan and reinvestment zone financing plan (each a "Plan", and jointly, the "Plans"} that contain, among other items, a map showing existing uses and conditions of real property in the zone and a map showing proposed improvements to and proposed uses of that property; and WHEREAS, the Board of Directors of the Zone (the "Board") desires to amend the Plans to expand the boundaries of the Zone to include additional property in the Zone; and WHEREAS, the Board has prepared a first amendment to the project plan and a first amendment to the reinvestment zone financing plan (jointly, the "First Amendments"), each of which details the amendments to be made to the respective Plan, and the Board desires to adopt such First Amendments; now, therefore, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF REIIWESTMENT ZONE NUMBER 1, CITY OF NORTH RICHLAND HILLS: SECTION 1. The First Amendments, attached hereto as Exhibit A and Exhibit B and incorporated herein by reference, are hereby approved and adopted pursuant to V.T.C.A., Tax Code, Section 311.011(e), as amended. SECTION 2. The Board hereby authorizes and directs that a copy of this Resolution be forwarded to the City Council of the City as a recommendation of the Board for the approval by the City Council of the First Amendments. SECTION 3. This Resolution shall take effect upon its adoption. PASSED, APPROVED AND ADOPTED this the 6th day of November, 2008. BOARD OF DIRECTORS, REINVESTMENT Z NE NUMBER 1, CITY O ORTH HLAND HILLS By: Chairman ATTEST: ecretary 65216019,1/10611340 Ordinance No. 3030 Page 18 of 18