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HomeMy WebLinkAboutORD 2024-40 - Westinghouse Road Reinvestment Zone 2024-01ORDINANCE NO. 2024- 4 D AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF GEORGETOWN, TEXAS, DESIGNATING REINVESTMENT ZONE NO. 2024-01; PROVIDING ELIGIBILITY OF THE ZONE FOR COMMERCIAL - INDUSTRIAL TAX ABATEMENT; CONTAINING FINDINGS THAT THE AREA QUALIFIES TO BE DESIGNATED AS A REINVESTMENT ZONE AND THE IMPROVEMENTS SOUGHT ARE FEASIBLE AND PRACTICABLE AND OF BENEFIT TO THE LAND AND THE CITY; PROVIDING A REPEALING CLAUSE; PROVIDING A SEVERABILITY CLAUSE; AND PROVIDING AN EFFECTIVE DATE. WHEREAS, the City Council of the City of Georgetown, Texas, has caused notice to be published in a newspaper having general circulation in the City and has delivered such notice to the presiding officer of the governing body of each taxing unit that includes in its boundaries real property described herein that is to be included in the proposed reinvestment zone described herein; and WHEREAS, the City Council of the City of Georgetown, Texas, has conducted a public hearing on the designation of the area described herein as a reinvestment zone on July 23, 2024, at 6 p.m. in the City Council Chambers at which interested parties were allowed to speak and present evidence for or against the designation of the reinvestment zone; NOW THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF GEORGETOWN, TEXAS, THAT: Section 1. The City Council of the City of Georgetown, Texas, finds that the area described herein will, if designated as a reinvestment zone, be reasonably likely to contribute to the retention or expansion of primary employment, or to attract major investment in the zone that will be of benefit to the property and contribute to the economic development of the City. The City Council further finds that the improvements sought are feasible and practicable and would be of benefit to the land to be included in the zone and to the City after the expiration of a tax abatement agreement. Section 2. Pursuant to the provisions of Section 312.201 of the Texas Tax Code, the property described in Exhibit "A" attached hereto and made a part hereof for all purposes is hereby designated as a reinvestment zone and for identification is assigned the name "Reinvestment Zone No. 2024-01." Section 3. The property within Reinvestment Zone No. 2024-01 is eligible for commercial - industrial tax abatement effective on January 1, 2024. Section 4. All provisions of the ordinances of the City of Georgetown, in conflict with the provisions of this Ordinance be, and the same are hereby, repealed, and all other provisions of the ordinances of the City of Georgetown not in conflict with the provisions of this Ordinance shall remain in full force and effect. Section 5. Should any sentence, paragraph, subdivision, clause, phrase, or section of this Ordinance be adjudged or held to be unconstitutional, illegal, or invalid, the same shall not affect Ordinance Number: ?AZ i-1 y Page 1 of 3 Description: 1�f�JC�iMI•h,� ZoxL ZD — 0 Date Approved: t Zp ZL' Exhibit A Attached the validity of this Ordinance as a whole or a part or provision thereof other than the part thereof decided to be unconstitutional, illegal, or invalid. Section 6. 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 in accordance with the provisions of the City Charter of the City of Georgetown. APPROVED on First Reading on the 04day of July 2024. dtkL APPROVED AND ADOPTED on Second Reading on the P7 day of August 2024. Robyn Densmore, City Secretary APPROVED AS TO FORM: Skye asson, City Attorney Ordinance Number: Description: Date Approved: Page 2 of 3 Exhibit A Attached EXHIBIT A Reinvestment Zone Location BEING A 10.000 acre tract of land, located in the Francis A. Hudson Survey, Abstract No. 295, and the James S. Patterson Survey, Abstract No. 502, Williamson County, Texas. said 10.000 acre tract, being a portion of the remainder of that called 70.08 acre tract of land recorded in Document No. 2021066473, Official Public Records. Williamson County. Texas: Said 10.000 acre tract being more particularly described by metes and bounds as follows: BEGINNING at a 1/2" iron rod located in the southeast right-of-way line of Commerce Boulevard, as shown on the plat of record in Document No. 2022028845, Official Public Records, Williamson County, Texas, being the northwest corner of the remainder of said 70.08 acre tract, being in a northeast line of Lot 5, Block A, of Park Central One, Section Il, according to the plat of record in Cabinet O, Slide 246-248, Plat Records, Williamson County, Texas, said point being the northwest corner of the herein described tract of land; THENCE, with the southeast right-of-way line of Commerce Boulevard, a northwest line of the remainder of said 70.08 acre tract, N 68' 26' 36" E, a distance of 421.88' (Record per Doc. No. 2022028845: N 68' 26' 36" E, a distance of 754.72% to a 1/2" iron rod with a blue "Quick Inc RPLS 6447" plastic cap set in the southeast right-of-way line of Commerce Boulevard, a northwest line of the remainder of said 70.08 acre tract, said point being the northeast corner of the herein described tract of land which bears S 68' 26' 36" W, a distance of 332.84' from a 1/2" iron rod located at an angle point of Commerce Boulevard and an angle point of the remainder of said 70.08 acre tract; THENCE, departing the southeast right-of-way line of Commerce Boulevard, across the remainder of said 70.08 acre tract, the following three (3) courses and distances: S 20' 18' 38" E, a distance of 961.72', to a 1/2" iron rod with a blue "Quick Inc RPLS 6447" plastic cap set for the southeast corner of the herein described tract of land; S 69° 41' 22" W, A distance of 485.50', to a 1/2" iron rod with a blue "Quick Inc RPLS 6447" plastic cap set for the southwest corner of the herein described tract of land: N 200 22' 36" W, A distance of 515.97', to a 1/2" iron rod with a blue "Quick Inc RPLS 6447" plastic cap set in a northwest line of the remainder of said 70.08 acre tract, a southeast line of Lot 1, of Park Central One, Section III, according to the plat of record in Cabinet W, Slide 1, Plat Records, Williamson County, Texas, said point being an exterior corner of the herein described tract of land which bears N 68' 26' 32" E, a distance of 137.73' from a 1/2" iron pipe located for an exterior comer of the remainder of said 70.08 acre tract; THENCE, with the northwest and southwest lines of the remainder of said 70.08 acre tract, the southeast and northeast lines of said Lot 1, the northeast line of said Lot 5, Block A, the following two (2) courses and distances: N 68' 26' 32" E, a distance of 69.74' (Record: N 68' 25' 32" E, a distance of 207.61'), to a 1/2" iron rod located for an interior comer of the herein described tract of land: N 21 ° 01' 21" W, a distance of 435.09' (Record: N 21 ° 02' 01" W), to the POINT OF BEGINNING containing 10.000 acres of land. Note: The Basis Of Bearing Was Established Using The Trimble VRS Network, NAD (83), Texas State Plane Coordinate System, Central Zone, 4203, US Survey Foot, Grid. Ordinance Number: Page 3 of 3 Description: Date Approved: Exhibit A Attached