Loading...
O-92-2578 - 6/25/1992ORDINANCE NO. . 5 / U AN ORDINANCE DESIGNATING A CERTAIN AREA AS REINVESTMENT ZONE NO. THREE 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 25th day of June, 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; 1 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 2 (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. Three, 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 025 — day ,199 a%. 3 Alternative 2. READ and APPROVED on first reading this the day of 199 READ, PASSED, and ADOPTED on second reading this the of ,199 . ATTEST: NNE LAND, City Secretary MIKE ROBINSON, Mayor City of Round Rock, Texas Exhibit A FIELD NOTES McNEIL CONSUMER PRODUCTS CO. ROUND ROCK, TEXAS FIELD NOTES FOR A 64.28 ACRE TRACT OF LAND OUT OF THE EPHRAIM EVANS SURVEY, ABSTRACT NO. 2J2, BEING ALSO THE REMAINING 45.44 ACRES OF THAT CERTAIN 94.39 ACRE TRACT OF LAND CONVEYED TO McNEIL LABORATORIES, INC. BY A WARRANTY DEED RECORDED IN VOLUME 657 PAGE 659, AND THE REMAINING 18.83 ACRES OF THAT CERTAIN 38.58 ACRE TRACT CONVEYED TO McNEIL LABORATORIES, INC. BY WARRANTY DEED RECORDED IN VOLUME 657 PAGE 655 OF THE WILLIAMSON COUNTY OFFICIAL RECORDS. SAID REMAINING 64.28 ACRE TRACT BEING MORE PARTICULARLY DESCRIBED BY METES AND BOUNDS ASS FOLLOWS: BEGINNING at an iron pin on the south Right -of -W4 line of Chandler Road (County Road No. 114), said iron pin being the northeast corner of the 64.28 acre tract herein described and the northwest corner of Lot 1, Block "A", Oakmont Centre Section Two as recorded in Cabinet F, Slide 174 of the Plat Records,=,Williamson County, Texas, and from which beginning point the northeast corner of the said 94.39 acre tract of which the 64.28 acre tract described herein is a part of bears the N 70° 17' 00" E, 630.00' and N 19° 38' 36" W, 25.07'; THENCE S 19° 54' 10" E, along the southeast line of the 64.28 acre tract herein described, at 490.88' passing the southwest corner of Lot 1 and northwest corner of Lot 2 of said Oakmont Centre Section Two, at 664.21' passing the southwest corner of Lot 2 of said Oakmont Centre Section Two and the northwest corner of Lot 1, Oakmont Centre Section Five, a subdivision recorded in Cabinet F, Slide 140 of the Plat Records, Williamson County, in all 1500.36' to an iron pin at the southwest corner of Lot 1, Oakmont Centre Section Five, said iron pin being also on the north line of Lot 2 of Oakmont Centre Section Five, for the southeast corner of the 64.28 acre tract herein described; THENCE with the south line of the 64.28 acre tract herein described, and the north and west lines of Lot 2, Oakmont Centre Section Five, the following nine (9) courses: 1. N 72° 56' 57" W, 24.01' to an iron pin; 2. N 58° 11' 00" W, 157.52' to an iron pin; 3. S 68° 40' 00" W, 112.66' to an iron pin; 4. S 56° 03' 00" W, 373.98' to an iron pin; 5. S 23° 19' 15" W, 29.41' to an iron pin; 6. S 10° 26' 30" W, 69.49' to an iron pin; 7. S 6° 45' 30" E, 79.34' to an iron pin; 8. S 18° 57' 45" W, 45.05' to an iron pin; 9. S 34° 14' 45" E, 226.38' to an iron pin on the north line of Lot 3, Oakmont Centre Section Five pin for the southeastmost corner of the 64.28 acre tract herein described; Exhibit A FIELD NOTES McNEIL CONSUMER PRODUCTS CO. ROUND ROCK, TEXAS FIELD NOTES FOR A 64.28 ACRE TRACT OF LAND OUT OF THE EPHRAIM EVANS SURVEY, ABSTRAC"I NO. 2)2, BEING ALSO THE REMAINING 45.44 ACRES OF THAT CERTAIN 94.39 ACRE TRACT OF LAND CONVEYED TO McNEIL LABORATORIES, INC. BY A WARRANTY DEED RECORDED IN VOLUME 657 PAGE 659, AND THE REMAINING 18.83 ACRES OF THAT CERTAIN 38.58 ACRE TRACT CONVEYED TO McNEIL LABORATORIES, INC. BY WARRANTY DEED RECORDED IN VOLUME 657 PAGE 655 OF THE WILLIAMSON COUNTY OFFICIAL RECORDS. SAID REMAINING 64.28 ACRE TRACT BEING MORE PARTICULARLY DESCRIBED BY METES AND BOUNDS ASS FOLLOWS: BEGINNING at an iron pin on the south Right -of -W4 line of Chandler Road (County Road No. 114), said iron pin being the northeast corner of the 64.28 acre tract herein described and the northwest corner of Lot 1, Block "A", Oakmont Centre Section Two as recorded in Cabinet F, Slide 174 of the Plat Records,:=Williamson County, Texas, and from which beginning point the northeast corner of the said 94.39 acre tract of which the 64.28 acre tract described herein is a part of bears the N 70° 17' 00" E, 630.00' and N 19° 38' 36" W, 25.07'; THENCE S 19° 54' 10" E, along the southeast line of the 64.28 acre tract herein described, at 490.88' passing the southwest corner of Lot 1 and northwest corner of Lot 2 of said Oakmont Centre Section Two, at 664.21' passing the southwest corner of Lot 2 of said Oakmont Centre Section Two and the northwest corner of Lot 1, Oakmont Centre Section Five, a subdivision recorded in Cabinet F, Slide 140 of the Plat Records, Williamson County, in all 1500.36' to an iron pin at the southwest corner of Lot 1, Oakmont Centre Section Five, said iron pin being also on the north line of Lot 2 of Oakmont Centre Section Five, for the southeast corner of the 64.28 acre tract herein described; THENCE with the south line of the 64.28 acre tract herein described, and the north and west lines of Lot 2, Oakmont Centre Section Five, the following nine (9) courses: 1. N 72° 56' 57" W, 24.01' to an iron pin; 2. N 58° 11' 00" W, 157.52' to an iron pin; 3. S 68° 40' 00" W, 112.66' to an iron pin; 4. S 56° 03' 00" W, 373.98' to an iron pin; 5. S 23° 19' 15" W, 29.41' to an iron pin; 6. S 10° 26' 30" W, 69.49' to an iron pin; 7. S 6° 45' 30" E, 79.34' to an iron pin; 8. S 18° 57' 45" W, 45.05' to an iron pin; 9. S 34° 14' 45" E, 226.38' to an iron pin on the north line of Lot 3, Oakmont Centre Section Five pin for the southeastmost corner of the 64.28 acre tract herein described; Exhibit A FIELD NOTES McNEIL CONSUMER PRODUCTS CO. ROUND ROCK, TEXAS FIELD NOTES FOR A 64.28 ACRE TRACT OF LAND OUT OF THE EPHRAIM EVANS SURVEY, ABSTRACT NO. 2y2, BEING ALSO THE REMAINING 45.44 ACRES OF THAT CERTAIN 94.39 ACRE TRACT OF LAND CONVEYED TO McNEIL LABORATORIES, INC. BY A WARRANTY DEED RECORDED IN VOLUME 657 PAGE 659, AND THE REMAINING 18.83 ACRES OF THAT CERTAIN 38.58 ACRE TRACT CONVEYED TO McNEIL LABORATORIES, INC. BY WARRANTY DEED RECORDED IN VOLUME 657 PAGE 655 OF THE WILLIAMSON COUNTY OFFICIAL RECORDS. SAID REMAINING 64.28 ACRE TRACT BEING MORE PARTICULARLY DESCRIBED BY METES AND BOUNDS At,S FOLLOWS: BEGINNING at an iron pin on the south Right -of -W4 line of Chandler Road (County Road No. 114), said iron pin being the northeast corner of the 64.28 acre tract herein described and the northwest corner of Lot 1, Block "A", Oakmont Centre Section Two as recorded in Cabinet F, Slide 174 of the Plat Records,: Williamson County, Texas, and from which beginning point the northeast corner of the said 94.39 acre tract of which the 64.28 acre tract described herein is a part of bears the N 70° 17' 00" E, 630.00' and N 19° 38' 36" W, 25.07'; THENCE S 19° 54' 10" E, along the southeast line of the 64.28 acre tract herein described, at 490.88' passing the southwest corner of Lot 1 and northwest corner of Lot 2 of said Oakmont Centre Section Two, at 664.21' passing the southwest corner of Lot 2 of said Oakmont Centre Section Two and the northwest corner of Lot 1, Oakmont Centre Section Five, a subdivision recorded in Cabinet F, Slide 140 of the Plat Records, Williamson County, in all 1500.36' to an iron pin at the southwest corner of Lot 1, Oakmont Centre Section Five, said iron pin being also on the north line of Lot 2 of Oakmont Centre Section Five, for the southeast corner of the 64.28 acre tract herein described; THENCE with the south line of the 64.28 acre tract herein described, and the north and west lines of Lot 2, Oakmont Centre Section Five, the following nine (9) courses: 1. N 72° 56' 57" W, 24.01' to an iron pin; 2. N 58° 11' 00" W, 157.52' to an iron pin; 3. S 68° 40' 00" W, 112.66' to an iron pin; 4. S 56° 03' 00" W, 373.98' to an iron pin; 5. S 23° 19' 15" W, 29.41' to an iron pin; 6. S 10° 26' 30" W, 69.49' to an iron pin; 7. S 6° 45' 30" E, 79.34' to an iron pin; 8. S 18° 57' 45" W, 45.05' to an iron pin; 9. S 34° 14' 45" E, 226.38' to an iron pin on the north line of Lot 3, Oakmont Centre Section Five pin for the southeastmost corner of the 64.28 acre tract herein described; DATE: June 23, 1992 SUBJECT: City Council Meeting, June 25, 1992 ITEM: 9.D. Consider an ordinance designating 94.39 acres located at the southeast corner of IH -35 and Chandler Road (McNeil Consumer Products Company) as Reinvestment Zone No. 3 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 subject property covers the plant location for McNeil Consumer Products where a fifteen (15) million dollar first phase expansion is proposed. The adoption of the reinvestment zone does not by itself approve a tax abatement agreement. 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 a Tax Abatement Agreement is presented to council.