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Ord. 0757 11-25-96ORDINANCE NO. 757 AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF PEARLAND, TEXAS, FINDING THAT THE CITY HAS ESTABLISHED GUIDELINES AND CRITERIA FOR GRANTING TAX ABATEMENT PURSUANT TO RESOLUTION NO. R96-12; FINDING THAT A REINVESTMENT ZONE HAS BEEN CREATED PURSUANT TO ORDINANCE NO. 728 IN ACCORDANCE WITH THE PROPERTY REDEVELOPMENT AND TAX ABATEMENT ACT; FINDING THAT THE IMPROVEMENTS SOUGHT BY TEXAS HONING, INC. ("TEXAS HONING") IN SAID REINVESTMENT ZONE ARE FEASIBLE AND PRACTICAL AND WOULD BE A BENEFIT TO THE LAND IN THE ZONE AND THE MUNICIPALITY AFTER THE EXPIRATION OF THE TAX ABATEMENT AGREEMENT WHICH GRANTS TAX ABATEMENT TO TEXAS HONING; GRANTING A VARIANCE IN ACCORDANCE WITH SECTION 3(f) OF THE GUIDELINES AND CRITERIA FOR GRANTING TAX ABATEMENT; AND AUTHORIZING THE CITY MANAGER TO SIGN TAX ABATEMENT AGREEMENTS WHEN APPROVED BY THE CITY COUNCIL; HAVING A SAVINGS CLAUSE AND A SEVERABILITY CLAUSE; PROVIDING FOR CODIFICATION AND AN EFFECTIVE DATE. WHEREAS, the City Council has, pursuant to Resolution No. R96-12, established Guidelines and Criteria for Granting Tax Abatement; and WHEREAS, Chapter 312 of the Texas Tax Code (the "Property Redevelopment and Tax Abatement Act") authorizes the City to designate Reinvestment Zones for economic development and grant tax abatement to eligible economic development projects; and WHEREAS, Texas Honing has acquired property located within an area of the City which has been designated as a Reinvestment Zone pursuant to Ordinance No. 728; and WHEREAS, the City Council, on November 25, 1996, held a public hearing to review a tax abatement application submitted by Texas Honing and finds that the improvements sought are feasible and practical and would be a benefit to the land in 1 ORDINANCE NO. 757 the zone and to the municipality after the expiration of an agreement under the Property Redevelopment and Tax Abatement Act; now, therefore, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF PEARLAND, TEXAS: Section 1. That pursuant to the Property Redevelopment and Tax Abatement Act, the City Council of the City of Pearland, Texas, hereby grants tax abatement for Texas Honing in the Reinvestment Zone described in Exhibit "A" attached hereto and made a part hereof for all purposes. Section 2. That a variance from Section 3(f) of the Guidelines and Criteria for Granting Tax Abatement is hereby granted to Texas Honing for construction purposes. Section 3. That tax abatement in the area described in Exhibit "A" is reasonably likely to contribute to the retention or expansion of primary employment, or to attract major investment into the zone that would be a benefit to the property and that would contribute to the economic development of the City, and that the improvements sought are feasible and practical and would be a benefit to the land to be included into the zone and to the municipality after the expiration of the Tax Abatement Agreement as authorized by the Property Redevelopment and Tax Abatement Act. Section 4. That the Reinvestment Zone described herein expires on May 12, 2001, and may be renewed by a subsequent ordinance of the City Council for a period not to exceed an additional five (5) years. That expiration of the original designation shall not affect an agreement entered into under the provisions of this ordinance. Section 5. That the City Council hereby authorizes agreements in writing with Texas Honing regarding its taxable real estate located within the designated 2 ORDINANCE NO. 757 Reinvestment Zone, subject to the requirements and optional provisions of the Property Redevelopment and Tax Abatement Act and the conditions of the Guidelines and Criteria for Granting Tax Abatement heretofore adopted by the City Council. Section 6. That any agreement to be entered into under the provisions of this ordinance must be approved by the affirmative vote of a majority of the members of the City Council at a regularly scheduled meeting of the City Council. On approval by the City Council, the agreement may be executed by the City Manager. Section 7. Savings. All rights and remedies which have accrued in favor of the City under this Ordinance shall be and are preserved for the benefit of the City. Section 8. Severability. If any section, subsection, sentence, clause, phrase or portion of this Ordinance is for any reason held invalid, unconstitutional or otherwise unenforceable by any court of competent jurisdiction, such portion shall be deemed a separate, distinct, and independent provision and such holding shall not affect the validity of the remaining portions thereof. Section 9. Codification. It is the intent of the City Council of the City of Pearland, Texas, that the provisions of this Ordinance shall be codified in the City's official Code of Ordinances as provided hereinabove. Section 10. Effective Date. This Ordinance shall become effective upon passage and approval of its second reading. 3 ORDINANCE NO. 757 PASSED and APPROVED ON FIRST READING this the Gle5t day of , A.D., 1914 . ATTEST: Y� f DA C. BENITEZ CITY SECRETARY TOM REID MAYOR PASSED and APPROVED ON SECOND AND FINAL READING this the of , A.D., 1996. TO REID MAYOR ATTEST: 4,6L e YADA C. BENITE CITY SECRETARY APPROVED AS TO FORM: fil es ri\'CA/a51) ZY Mh ESCMcCULLOUGH CITY ATTORNEY day SURVEY A 10. 204G ACRE TRACT OR PARCEL CF LAND GUT OF THE EAST 1/2 CF LOT OR TRACT No. 47 OF THE SUBDIVISION OF SECTION 4, H T & B RR 1MPANT SURVE/ , ABSTRACT No. 543, IN THE CITT CF FEARLAND, BRAZORIA COUNTY, TEXAS, AND BEING BORE PARTICULA.RLT DESCRIBED AS FOLLOWS: BEGINNING at a 5/8 nch iron rod set for the Northeast corner of this tit in the North line -•f said Lot 47 at the Northwest corner of a 20 foot strip conveyed to the City of Pear and for road purposes recorded in Volume 1390, Page 20 of the Brazoria County Deed Records, from which a 5/8 inch iron rod in the old West right of way line of Mykawa Road (60 feet bide) rears Fast, a distance of 20 feet; THENCE South along the West line of said 20 foot strip and the new right of way line of Mykawa Road, passing a 5/8 inch iron rod on line located in the South line of a called 7.5 acre tract recorded in Volume 875, Page 774 =f the Brazoria County Deed Aecorda at 318.50 feet, a total distance of 322.15 feet to a 5/8 nch iron found for the most northerly Southeast corner of this tract and marking; the Northeast corner of a 1.250 acre tract; THENCE N 896 27' 45" W along the north ine of said 1.250 acre tract, a distance of 286.31 feet to a 5/8 inch iron rod found for an interior corner of this tract and marking the Northwest corner of said 1.250 acre tract; THENCE 3 0' 31' 00" 9: along the treat line of said 2.250 acre tract, a distance of 191.38 feet to a 5/8 inch iron rod found for corner of this tract and marking the Southwest corner of said 1.250 acre tract located in the South line of a called 4.5 acre tract recorded in Volume 691, Page 213 of the Brazoria County Deed Records; TICS West along the South line of said 4.5 acre tract, a dis- tance of 689.90 feet to a 5/8 inch iron rod found for the South-- west corner orthis tract and said 4.5 acre *let, from which a 2 inch iron pipe marking the Southwest corner of said Lot 47 bears South 123.16 feet to a 1 inch iron pipe and continuing West a distance of 994.7 feet; THENCE nth along the West line of said 4.5 and 7.5 acre tracts, paasing a 1 inch iron pipe on line at 192.34 feet, in all a total distance of 510.84 feet to a 1i;nch iron pipe found for the Northwest corner of this tract and said 7.5 acre tract; THENCE East along the North Line of said 7.5 acre tract and said Lot 47, a distance of 976.7cU feet to the PLACE OF BEGINNING and containing 10.2040 acres of land, more or less. Office of V. K. HRRKSTRESSER Consulting Engineer Houston, Taxan 77023 644 0219 STATE OF TEXAS