HomeMy WebLinkAboutORD 96-05 - Assesment IH35 Business ParkORDINANCE
AN ORDINANCE OF THE CITY COUNCIL
OF
OF
GEORGETOWN,AMENDING ORDINANCE 9342 TO
REAPPORTION THE ASSESSMENT OF THE 21 .26 ACRE TRACT OUT
OF THE J.B. PULSIFIER SURVEY NO. 36 AND NICHOLAS PORTER
SURVEY NO. • IN
WILLIAMSON
COUNTY
TEXAS,
PROPORTIONATELY BY
SQUARE FOOTAGE
OF
EACH PROPOSED
RIM
E �
UMM11914GE111.. 1 Y . i♦ :.
WHEREAS, on November 28, 1995 the City Council exhibited its intent to allow
reapportion of the assessments which were levied against property owners on East 1-35
Frontage Road for a portion of the costs of construction of the frontage road, to allow for
resubdivision of property and increased marketabiltiy of lots; and
WHEREAS, the property described in the original assessment as 21.26 acres and
further described in that attached exhibit "A" of ordinance 93-42, (the "Assessed
Property,"); and
WHEREAS, Georgetown 35 Joint Venture was the owner of the Assessed Property
at the time of the original assessment; and
WHEREAS, the current owner of the Assessed Property is 1994 Land Fund it -
Dallas, I L.P.; and
WHEREAS, on January 9, 1996, the City Council approved the preliminary plat for
resubdivision of the Assessed Property ("Preliminary Plat") as identified in the attached
Exhibit "A" to this ordinance;
WHEREAS, on January 23, 1996, the City Council approved the abandonment of
existing right of way located on the Assessed Property in exchange for new right of way
identified on the Preliminary Plat; and
WHEREAS, on January 23, 1996, the City Council approved dedication of parkland
as identified on the preliminary plat; and
WHEREAS, the Owner has requested that the full assessment be reapportioned
on a pro rata basis according to the square footage of the remaining acreage in Lots 1
through 10, and excluding the acreage of the right of way and parkland dedications; and
East 1-35 Fronta e Road Assessment Revision for 21.26 Acre Tract
Ordinance No.
Page 1 of 3
WHEREAS, the City Council has determined that the reapportionment of the
assessment is in the best interest of the City;
NOW, •- ORDAINED BY THE CITY COUNCILOF THE CITY
OF GEORGETOWN,
SECTION 1. The facts and recitations contained in the preamble of this ordinance
are hereby found and declared to be true and correct, and are incorporated by reference
herein and expressly made a part hereof, as if copied verbatim. The City Council hereby
finds that this ordinance implements the following policies of the Century Plan -
Development Plan Element:
1. Transportation Policy 15, which states: "The City will encourage a
transportation system that provides for the safe and efficient movement of
traffic, promotes the economic interests of the community, and adequately
serves the personal needs of individuals;"
2 Economic Development Policy 1 which states: "The City will encourage a
diversified growth and promote business opportunities to create }obs,
broaden the tax base and minimize the impact of economic fluctuations;"
3. Finance Policy 1 which states: "The City will conduct all Municipal
operations in an efficient business -like manner;"
and further finds that the adoption of this ordinance is not inconsistent or in conflict with
any other Century Plan Policies, as required by Section 2.03 of the Administrative Chapter
of the Policy Plan.
SECTION . The assessment of $196,000 as levied in Ordinance No. 93-42 and
as amended by Ordinance No. 95-59 will remain due and payable on the lots identified
on the Preliminary Plat and will be subject to payment of the full assessment of $196,000
until such time as a final plat of the property, is approved and recorded in the Plat
Records for Williamson County, Texas. The assessment of $196,000 will be divided
apportioned between Lots 1 - 10 in accordance with lot size. At the time that each lot
sells, the seller shall pay to the City the assessed amount against the lot as stated below.
Lot #
Acreage
Assessed Amount
1
2.337
$29,539.68
2
.875
$11,060.00
3
.918
$11,603.52
4
1.252
$155825.28
5
.655
$ 81279.20
6
.708
$ 81949.12
7
.789
$ 93972.96
East 1-35 Frontage Road Assessment Revision for 21.26 Acre Tract
Ordinance No._ftaas
Page 2 of 3
8 .591 $ 71470.24
9 .767 $ 91694.88
10 6.614 $833605.02
SECTION 3. Release of the assessment on each lot will be contingent upon
payment in full of that lot's portion of the assessment as designated in this ordinance.
SECTION 4. Until such time as the final plat is recorded the assessment will still
be due and payable on each lot in accordance with the original assessment ordinance 93-
42 and as amended by Ordinance 95-59.
SECTION . All ordinances and resolution, or parts of ordinances and resolutions,
in conflict with this Ordinance are hereby repealed, and are no longer of any force and
effect.
SECTION 6. If any provision of this ordinance or application thereof to any person
or circumstance, shall be held invalid, such invalidity shall not affect the other provisions,
or application thereof, of this ordinance which can be given effect without the invalid
provision or application, and to this end the provisions of this ordinance are hereby
declared to be severable.
SECTION 7. The Mayor is hereby authorized to sign this ordinance and the City
Secretary to attest. This ordinance shall become effective and be in full force and effect
on approval after passage on second reading.
PASSED AND APPROVED on First Reading on the i ° 'day of __rte.. Fa , 1996.
PASSED AND APPROVED on Second Reading on the t day of
1996.9
ATTES
andra D. Lee, City Secretary
Marianne Landers Banks
City Attorney
East 1-35 Fronta e Road Assessment Revision for 21.26 Acre Tract
Ordinance No.
Page 3 of 3
THE CITY OF GEORGETOWN:
Y Y
Leo Wood, Mayor