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G-93-05-13-11A - 5/13/1993ORDINANCE NO. g - 9,3 05 -13- 1/ A AN ORDINANCE DESIGNATING 9.663 ACRES OF LAND OUT OF THE DAVID CURRY SURVEY, ABSTRACT NO. 130, ROUND ROCK, WILLIAMSON COUNTY, TEXAS, AS REINVESTMENT ZONE NO. SIX FOR COMMERCIAL/INDUSTRIAL TAX ABATEMENT, CITY OF ROUND ROCK, TEXAS, ESTABLISHING THE BOUNDARIES THEREOF AND OTHER MATTERS RELATING THERETO. BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF ROUND ROCK, TEXAS: WHEREAS, the City Council of the City of Round Rock, Texas (the "City"), desires to promote the development or redevelopment of a certain contiguous geographic area within its jurisdiction by the creation of a reinvestment zone for commercial/industrial tax abatement, as authorized by Chapter 312, Tax Code, V.A.T.S. (the "Code"); and WHEREAS, the City Council called a public hearing for 7:00 P.M. on the 13th day of May, 1993, to consider establishment of a reinvestment zone, such date being at least seven (7) days after the date of publication of the notice of such public hearing and the notification of other taxing jurisdictions as required by the Code; WHEREAS, the City held such public hearing after publishing notice of such public hearing, and giving written notice to all taxing units overlapping the territory inside the proposed reinvestment zone; and WHEREAS, the City at such hearing invited any interested persons to appear and contend for or against the creation of the reinvestment zone, the boundaries of the proposed reinvestment zone, whether all or part of the territory described in the Ordinance calling such hearing should be included in such proposed reinvestment zone, the concept of tax abatement; and 1 WHEREAS, the proponents of the reinvestment zone offered evidence, both oral and documentary, in favor of all of the foregoing matters relating to the creation of the reinvestment zone, and opponents of the reinvestment zone appeared to contest creation of the reinvestment zone; NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF ROUND ROCK, TEXAS,THAT: SECTION 1: The facts and recitations contained in the preamble of this Ordinance are hereby found and declared to be true and correct. SECTION 2: The City Council, after conducting such hearings and having heard such evidence and testimony, has made the following findings and determinations based on the testimony presented to it: (a) That a public hearing on the adoption of the reinvestment zone has been properly called, held, and conducted and that notices of such hearings have been published as required by law and mailed to all taxing units overlapping the territory inside the proposed reinvestment zone; and (b) That the boundaries of the reinvestment zone should be the area as described as in Exhibit A, and (c) That creation of the reinvestment zone for commercial/industrial tax abatement with boundaries as described above will result in benefits to the City and to the land included in the zone and the improvements sought are feasible and practical; and (d) That the reinvestment zone as defined above meets the criteria for the creation of a reinvestment zone as set forth in Section 312.202 of the Code in that it is reasonably likely as a result of the designation to contribute to the 2 retention or expansion of primary employment or to attract major investment in the zone that would be a benefit to the property and that would contribute to the economic development of the City; and (e) That the reinvestment zone as defined above meets the criteria for the creation of a reinvestment zone as set forth in the City of Round Rock criteria and guidelines adopted by Ordinance No. 2556, on December 12th, 1991. SECTION 3: Pursuant to Section 312.201 of the Tax Code, V.A.T.S., the City hereby creates a reinvestment zone for commercial/industrial tax abatement encompassing only the area described in Section 2 of this ordinance and such reinvestment zone is hereby designated as Reinvestment Zone No. Six, City of Round Rock, Texas. SECTION 4: The reinvestment zone shall take effect on January 1, 1994 and shall expire ten years after such date. SECTION 5: If any portion of this Ordinance shall, for any reason, be declared invalid by any court or competent jurisdiction, such invalidity shall not affect the remaining provisions hereof. Alternative 1. By motion duly made, seconded and passed with an affirmative vote of all the Council members present, the requirement for reading this Ordinance on two separate days was dispensed with. READ, PASSED, and ADOPTED on first reading this of i ClA} , ,199 3 . 3 /3'A day Alternative 2. READ and APPROVED on first reading this the day of 199 READ, PASSED, and ADOPTED on second reading this the day of ,199 ATTEST: vvne,:.tc/rccL E LAND, City Secretary APPRO ED AS To FORM: 011-I-P2r Steph L. Sheets, City Attorney 4 MIKE ROBINSON, Mayor City of Round Rock, Texas EXHIBIT "A" Property Description OF A 9.663 ACRE PARCEL OF LAND OUT OF THE DAVID CURRY SURVEY, ABSTRACT NO. 130, CITY OF ROUND ROCK, WILLIAMSON COUNTY, TEXAS; BEING THE SAME PARCEL DESCRIBED IN SUBSTITUTE TRUSTEE'S DEED RECORDED IN VOLUME 1669, PAGE 957, DEED RECORDS OF WILLIAMSON COUNTY, TEXAS; SAID 9.663 ACRE PARCEL BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS: Beginning at 1/2" iron rod found on the easterly right-of-way line of Chisholm Trail (an apparent 80 foot R.O.W.) at the southwesterly corner of this parcel; THENCE NO2°03'01"E 249.38 feet with said right-of-way line to a 1/2" iron rod set; THENCE the following three (3) consecutive courses with the fenced perimeter of a City of Round Rock well site (0.115 acre) as described in Volume 792, page 510 Deed Records of Williamson County, Texas: (1) S87°58'04"E 49.99 feet to a 1/2" iron rod found; (2) NO2°01' 56"E 100.04 feet to a 1/2" iron rod found; (3) N87°58' 04"W 49.96 feet to a 1/2" iron rod set on the easterly right of way line of Chisholm Trail; THENCE NO2°03'01"E 548.53 feet with said right-of-way line to a 1/2" iron rod set at the northwesterly corner of this parcel; THENCE S89°33'27"E 362.85 feet with the southerly right-of-way line of Chisholm Trail (an apparent 40 foot R.O.W.) to a 1/2" iron rod set; THENCE the following three (3) consecutive courses with the perimeter of a City of Round Rock well site (0.020 acre) as described in Volume 855, Page 512, Deed Records of Williamson County, Texas: (1) S00°52'33"W 24.48 feet to a 60d nail found; (2) S89°07'27"E 34.98 feet to a 60d nail found; (3) N00°52'33"E 24.74 feet to a 1/2" iron rod set on the southerly right-of- way line of Chisholm Trail; 5 THENCE S89°33'27"E 34.79 feet with said right-of-way line to a concrete monument found; THENCE the following three (3) consecutive courses with the westerly right-of-way line of Interstate Highway No 35: (1) S26°46'46"E 112.70 feet to a 1/2" iron set; (2) S00°27'51"E 297.64 feet to a concrete monument found; (3) S02°40'21"E 402.89 feet to a 7/8" iron rod found; THENCE S80°08'00"W 544.76 feet with the common line between this parcel and Lot 1, Burnette Business Park, Section One, a subdivision recorded in Cabinet E, Slide 362, Plat Records of Williamson County, Texas to the POINT OF BEGINNING, containing 9.663 acres of land. This parcel is subject to the following easements of record: (1) A 15 foot public utility easement recorded in Volume 811, Page 119, Deed Records of Williamson County, Texas. (2) A 15 foot public utility easement recorded in Volume 855, Page 517, Deed Records of Williamson County, Texas. 6 PETER CHUNG-SHENG WU 949/ 744 (26208 AC) 21.534 AC 600 300 0 LIQ 1- J 1-1 SCALE or FLET 127{_6e' 91.7021'92. 231.56 MKM PROPERTIES 650/179 20.0193 AC 430• .5 MMAe o DAVID K.G. CHAN A• INTERGROUP ASSOC. 8.822 AC. 8.J.HUGHES, INC. 1672 /819 55.57AC EDGAR HOPPE 429/485 EXHIBIT - 3200 N. IH -35 DATE: May 11, 1993 SUBJECT: City Council Meeting, May 13, 1993 ITEM: 11.A. Consider an ordinance designating 9.663 acres of land out of the David Curry Survey, Abstract No. 130, Round Rock, Williamson County Texas as Reinvestment Zone No. Six for commercial /industrial tax abatement (Micro -Bac International, Inc.). (First Reading) STAFF RESOURCE PERSON: STAFF RECOMMENDATION: ECONOMIC IMPACT: Joe Vining Approval None. However, any tax abatement agreement negotiated following the adoption of a reinvestment zone will have an economic impact. This impact will be outlined in detail when such tax abatement agreement is presented to Council on May 27, 1993.