O-89-2393 - 2/9/1989ORDINANCE NO. JI
�c.�J
AN ORDINANCE DESIGNATING A CERTAIN AREA AS REINVESTMENT
ZONE NO. ONE 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 9th day of February, 1989, 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;
and
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;
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY
OF ROUND ROCK, TEXAS:
SECTION 1: That 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 the metes and bounds description
attached hereto as Exhibit "A" and depicted as Lot 1 on the
plat attached hereto as Exhibit "B"; and
(c) That creation of the reinvestment zone for commercial/
industrial tax abatement with boundaries as described in
Exhibits "A" and "B" will result in benefits to the City
and to the land included in the zone and the improvements
sought are feasible and practical; and
T36ORDNCE
(d) That the reinvestment zone as defined in Exhibits "A" and
"B" 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
That the reinvestment zone as defined in Exhibits "A" and
"B" 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. 2391 on January 26,
1989.
(e)
SECTION 3: That pursuant to Section 312.201 of the Code, the City
hereby creates a reinvestment zone for commercial/industrial tax
abatement encompassing only the area described by the metes and
bounds in Exhibit "A" attached hereto and depicted on the plat
attached hereto as Exhibit "B" and such reinvestment zone is hereby
designated and shall hereafter be designated as Reinvestment Zone No.
One, City of Round Rock, Texas.
SECTION 4: That the 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.
of -Ap, PASSED, and ADOPTED on first reading this / day
�L.n.� , 1989.
Alternative 2.
READ and APPROVED on first reading this the day
of , 1989.
READ, APPROVED, and ADOPTED on second reading this the day
of , 1989.
ATTEST:
.� iflZLJ
NE LAND, City Secretary
ieez /7,4,
MIKE ROBINSON, Mayor
City of Round Rock, Texas
2.
EXHIBIT "A"
METES & BOUNDS DESCRIPTION OF A 9.38 ACRE TRACT OF LAND, BEING
PART OF A 55.55 ACRE TRACT LOCATED IN THE DAVID CURRY SURVEY,
ABSTRACT 130, WILLIAMSON COUNTY, TEXAS.
BPING a 9.38 acre tract out of a 55.55 acre tract of land located
in the David Curry Survey, Abstract 130, Williamson County, Texas
being part of a certain 55.57 acre tract conveyed to Baker Hughes
Inc. by deed recorded in Volume 1672 Page 819 of the Official
Records of Williamson County and out of an original call 169.43
acre tract conveyed to Theron S. Bradford by deed recorded in
Volume 574 Page 390 of the Deed Records of Williamson County and
being more particular}y described as follows:
Commencing at a found concrete R.O.W. marker in the East right-
of-way line of Interstate 35 (IH 35) and West line of said 169.43
acre tract, said marker being 175.00 feet left of Station 1230+00
on IH 35:
THENCE, South 05 degrees •48 minutes 00 seconds East, 161.48 feet,
along the common line of IH 35 and west lin** of said 169.43 acre
tract to a found 1/2" iron rod for the call Northwest corner of
said 55.57 acre tract, the Northwest corner hereof and the '`POINT
OF BEGINNING";
THENCE, North 71 degrees 06 minutes 22 seconds East, 502.72 feet
to a set 5/8o iron pod for the Northeast corner hereof:
THENCE, South 18 degrees 53 minutes 38 seconds East, 699.84 feet
to a set 5/8, iron rod for the- Southeast corner hereof:
THENCE, South 71 degrees 06 minutes 22 seconds West, 665.50 feet,
along the common South line of said 169.43 acre and 55.57 acre
tracts to a •set 5/8 inch iron rod in the East right-of-way line
of IH 35 for the Southwest corner hereof;
THENCE, North 05 degrees 48 minutes 00 seconds West, 718.52 feet,
along the East right-of-way line of IH 35 to the "POINT OF
BEGINNING" and containing 9.38 acres.
1
.2
EXHIBIT "B"
G. 10'S.W.B.T. ESMT.
L. 845 PG 482
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DATE: February 7, 1989
SUBJECT: Council Agenda, February 9, 1989
ITEM: 8B. Consider an ordinance creating a Reinvestment Zone.
(First Reading)
STAFF RESOURCE PERSON: Bob Bennett
STAFF RECOMMENDATION: This proposed reinvestment zone is located
in front of the B.J. Hughes facility on IH35 North. The creation
of the Zone will allow the Council to enter into a real property
tax abatement agreement if the Council so desires. It is important
to note that ONLY real property can be abated. Personal property
cannot be abated. This is important to note since many "high tech"
companies have greater personal property tax liabilities than real
property tax liabilities. Once the Zone is created a tax abatement
agreement will be considered at a future Council meeting. The abatement
agreement must meet the previously adopted guidelines and criteria
and should clearly demonstrate a positive impact on the City. Furthermore,
a public hearing on the agreement should be conducted before the
agreement is considered by Council.
This is our first reinvestment zone and much Council and
staff work has gone into it. Staff recommends adoption of the ordinance.