R2000-069 05-22-00 RESOLUTION NO. R2000-69
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PEARLAND,
TEXAS, AUTHORIZING THE CITY MANAGER OR HIS DESIGNEE TO
ENTER INTO A TAX ABATEMENT AGREEMENT WITH CHEMCENTRAL
CORPORATION ("CHEMCENTRAL") FOR PURPOSES OF ABATING THE
INCREASED VALUE OF THE PROPERTY OWNED BY CHEMCENTRAL
AND LOCATED AT THE NORTHEAST CORNER OF MYKAWA ROAD AT
McHARD ROAD WITHIN THE CITY LIMITS OF PEARLAND AT A RATE
OF FIFTY PERCENT (50%) FOR A PERIOD OF SEVEN (7) YEARS
BEGINNING JANUARY 1, 2001, AND ENDING DECEMBER 31, 2007;
FINDING AND DETERMINING THAT TERMS OF SAID AGREEMENT AND
PROPERTY SUBJECT TO THE AGREEMENT MEET THE REQUIREMENTS
OF CHAPTER 312 OF THE TAX CODE, V.A.T.S. AS AMENDED,
ORDINANCE NO. 966,WHICH ESTABLISHED REINVESTMENT ZONE#9,
AND THE GUIDELINES AND CRITERIA FOR GOVERNING
REINVESTMENT ZONES AND TAX ABATEMENT AGREEMENTS SET
FORTH IN RESOLUTION NO. R98-59.
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PEARLAND, TEXAS:
Section 1 . That certain tax abatement agreement, by and between the
City of Pearland and Chemcentral Corporation, a copy of which is attached hereto as
Exhibit "A" and incorporated herein for all purposes, is hereby authorized and
approved.
Section 2. The City Council finds and determines that the tax abatement
agreement and the property subject to this agreement meet the requirements of
Chapter 312 of the Tax Code, V.A.T.S. as amended, Ordinance No. 966, which
established Reinvestment Zone #9, and the Guidelines and Criteria for Governing
Reinvestment Zones and Tax Abatement Agreements set forth in
Resolution No. R98-59.
1
RESOLUTION NO. R2000-69
Section 3. The City Manager or his designee is hereby authorized to execute,
and the City Secretary to attest, said Tax Abatement Agreement and any counterparts
thereof.
PASSED, APPROVED, AND ADOPTED this the 22nd day of May
A.D., 2000.
)9•3 OS-a
TOM REID
MAYOR
ATTEST:
UNG R
ITY S ETARY
APPROVED AS TO FORM:
DARRIN M. COKER
CITY ATTORNEY
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STATE OF TEXAS § EXHIBIT
COUNTY OF BRAZORIA §
METES AND BOUNDS DESCRIPTION of a 0.475 acre tract of land located in the
H.T.&B.R.R. Company Survey, Abstract 232 in Brazoria County, Texas. I Said 0.475
acre tract is a 50-foot wide right-of-way as established by the W. Zychlinski Subdivision
as recorded in Volume 29, Page 43 of the Brazoria County Deed Records and is more
particularly described by metes and bounds as follows:
COMMENCING at a 5/8-inch iron rod found at the intersection of the north line of
McHard Road (based on a variable width right-of-way) and the east line of Mykawa
Road as established in Volume 1232, Page 767 of the Brazoria County Deed Records
(based on a width of 100-feet);
THENCE, North 02°38'49"West, along the east right-of-way line of said Mykawa Road
for a distance of 1075.66 feet to the POINT OF BEGINNING for the herein described
tract, said point being 25.00 feet south of the common line between Lot 60 and Lot 66
of the aforementioned W. Zychlinski Subdivision;
THENCE, North 02°38'49"West, continuing along the east line of said Mykawa Road
for a distance of 50.00 feet to a point 25.00 feet north of said common line between Lot
60 and Lot 66, said point being the northwest corner of the herein described tract;
THENCE, North 87°17'16" East, along a line 25.00.north of and parallel to the common 7
line between said Lot 60 and Lot 66 for a distance of 407.50 feet to a point in the west
right-of-way line of the Atchison, Topeka, and Santa Fe Railroad right-of(based on a
width of 100-feet), said point being the northeast corner of the herein described tract;
THENCE, South 16°23'42" East, along the said west right-of-way line of the Atchison,
Topeka, and Santa Fe Railroad for a distance of 51.46 feet to a point for the southeast
corner of the herein described 0.475 acre tract;
THENCE, South 87°17'16" West, along a line 25.00 feet south of and parallel to the
common line between said Lot 60 and Lot 66 for a distance of 419.73 feet to the
POINT OF BEGINNING, containing a computed area of 0.475 acre (20,681 square
feet).
NOTE:
THE BEARINGS SHOWN HEREON ARE BASED ON CITY OF PEARLAND
MONUMENTS USING NAD 83 HORIZONTAL CONTROL.
Walsh Surveying, Inc. (W.S.I.) /� D
2006 East Broadway, Suite 105 I�t' S
Peariand, Texas 77581 Michael D. Wilson, R.P.L.S.
Phone: (281)485-3991 Registration No. 4821
Job No. 98-111 O F 2-9 q
August 2, 1999 ��;"ev:%s TEA,F�9 a-
MICHAEL D. WILSON
4821 yo t:
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