O-92-2582 - 8/27/1992ORDINANCE NO. < b0, -C,
AN ORDINANCE DESIGNATING A CERTAIN AREA AS REINVESTMENT ZONE
NO. FOUR FOR COMMERCIAL/INDUSTRIAL TAX ABATEMENT, CITY OF ROUND
ROCK, TEXAS, ESTABLISHING THE BOUNDARIES THEREOF AND OTHER
MA ITERS 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 August, 1992, 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
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;
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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 in Exhibit A attached hereto, 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 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
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(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. Four, City of
Round Rock, Texas.
SECTION 4: The reinvestment zone shall take effect on the adoption of this
Ordinance and shall expire five 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 / — day
of (j ,199 .
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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:
ANNE LAND, City Secretary
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MIKE ROBINSON, Mayor
City of Round Rock, Texas
EXHIBIT "A"
Property Description
FIELDNOTE DESCRIPTION of 2.1327 acres, (92.900 square feet) of land situated in the Wiley Harris
Survey, Abstract No. 298, Williamson county, Texas and more particularly being all of that certain 2.132
acre tract of land conveyed to Cecil L. Slayton by instrument of record in Volume 1289, Page 386, et.seq.
Williamson County Deed Records, said 2.1327 acres of land being more particularly described by metes
and bounds as follows:
BEGINNING at a concrete highway monument, market 102+40, found in the easterly right-of-
way line of U.S. Highway No. 81, (South Mays Street); 80 feet wide, said monument bears N 17° 20' 38"
W, 294.61 feet from a concrete highway monument found at an angle point in the said easterly right-of-
way line;
THENCE, along said easterly right-of-way line, N 28° 42' 51" E, 104.16 feet to a 1/2" iron rod
set in the southerly line of East Bagdad Avenue, (80 feet wide);
THENCE, along said southerly line, N 72° 39' 22" E, 435.25 feet to a 1/2" iron rod set for
corner, same being in the westerly line of that certain remainder tract originally conveyed as 57.36 acres
to International and Great Northern Railroad Company by instrument of record in Volume 22, Page 441,
et seq. Williamson County Deed Records;
THENCE, departing said southerly line and along the common line of said remainder tract and the
herein described tract, S 17° 20' 38" E. 122.48 feet to a 1/2" iron rod set for corner, said rod bears N
27° 03' 49" W, 50.00 feet northerly from the centerline of the main tracks of the Missouri Pacific Railroad
Company, as located and constructed;
THENCE, 330.00 feet along the arc of a non -tangent curve to the left, said curve being
concentric with said centerline and having a chord bearing S 59° 26' 47" W. 329.80 feet, a radius of
2708.78 feet and a central angle of 06° 58' 48" to a point for corner;
THENCE, S 34° 02' 37" E, 10.00 feet to a 1/2" iron rod set for corner, said rod being radial and
distant 40.00 feet from the centerline of said tracks;
THENCE, 203.00 feet along the arc of a non -tangent curve to the left, said curve being
concentric with said centerline and having a chord bearing S 53° 48' 06" W, 202.95 feet, a radius of
2698.78 feet and a central angle of 04° 18' 35" to a 1/2" iron rod set for corner in the aforementioned
easterly right-of-way line of U.S. Highway No. 81, said rod bears N 17° 20' 38" W, 4.40 feet from a
concrete highway monument found in said easterly right-of-way line;
THENCE, along said easterly right-of-way line N 17° 20' 38" W, at 47.51 feet pass a concrete
highway found, and continuing at 133.23 feet pass a concrete highway monument found, and continuing,
in all, a distance of 200.72 feet to the POINT OF BEGINNING, and CONTAINING 2.1327 acres (92,900
square feet) of land area within these metes and bounds.
DATE: August 25, 1992
SUBJECT: City Council Meeting, August 27, 1992
ITEM: 11.A. Consider an ordinance designating 2.1327 acres, located at 115
East Bagdad Avenue, as Reinvestment Zone No. 4 for
commercial/industrial tax abatement. (First Reading)
RESOURCE PERSON: Joe Vining
STAFF
RECOMMENDATION: Approval
The establishment of the reinvestment zone is a prerequisite to negotiating a tax
abatement agreement.
The adoption of the reinvestment zone does not by itself approve a tax abatement
agreement.
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Economic Impact: 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.