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O018 CITY OF KENNEDALE ORDINANCE NO. 18 WHEREAS, the City Council of Kennedale, Texas, has determined that the economic well being of the City of Kennedale is of primary concern to the City Council, and; WHEREAS, Chapter 312, Texas Property Tax Code, known as the Texas Property Redevelopment and Tax Abatement Act, provides that the City of Kennedale has the authority to create reinvestment zones within the City for the purpose of economic development, and; WHEREAS, on November 14, 1991 the City of Kennedale City Council, by resolution, established certain guidelines and criteria governing tax abatement agreements and indicated the desire of the City of Kennedale to become eligible to participate in tax abatement agreements, and; WHEREAS, Bill Millhouser (Millhouser and Brimer) has requested the designation of a reinvestment zone for purposes of tax abatement of real and personal property for the purposes of economic development as defined under the Texas Property Redevelopment and Tax Abatement Act, and; WHEREAS, on the 6th day of February, 1992, notice was published in the Kennedale News stating that a public hearing would be conducted by the City of Kennedale Council on the 13th day of February, 1992, to consider the request to have the property herein described in Exhibit "A" designated as a reinvestment zone, and; WHEREAS, it is the finding of the City Council of the City of Kennedale that the proposals as presented to the City of Kennedale meet the applicable guidelines and criteria adopted by the City Council of November 14, 1991, and; WHEREAS, it is the finding of the City Council of the City of Kennedale that the creation of a reinvestment zone for the above stated property would be a benefit to the said property and the development anticipated to occur in the proposed zone would contribute to the economic development of the City of Kennedale, and; WHEREAS, it is the finding of the City Council of the City of Kennedale that the designation of the reinvestment zone would contribute to the retention or expansion of primary employment within the City of Kennedale, Texas, and; WHEREAS, it is the finding of the City Council of the City of Kennedale that it is in the best interest of the citizens of Kennedale to grant a variance to allow exemption of the personal property, and; WHEREAS, it is the finding of the City Council of the City of Kennedale that the designation of the reinvestment zone would attract major investment in the zone, now; BE IT THEREFORE ORDERED that the City Council of the City of Kennedale hereby designates as a reinvestment zone property herein described in Exhibit "A" pursuant to the authority contained in Section 312.201 of the Texas Property Redevelopment and Tax Abatement Act and grants a variance to the guidelines adopted on November 14, 1991 so as to include personal property in the tax abatement criteria as requested in Exhibit "B ". Passed in open session of the City Council of the City of Kennedale this 13th day of February, 1992. APPROVED: / dig k' ayor Steve Radakovich ATTEST: City Secretary EXHIBIT "A" BEGINNING at a 1/2" iron in the north line of Bolen Road and the south line of Interstate Hwy. No. 20, said point being N 89 43' 26" W, 39.75 feet from the old west line of Kennedale- Bowman Springs Road; Thence N 89 43' 26" W, along the north line of said Bolen Road, 756.12 feet to a 1/2" iron; THENCE N 00 06' 24" E, along the east line of said Bolen Road, 202.95 feet to a 1/2" iron in the south line of said Interstate Hwy. No. 20, said point being the beginning of a non - tangent curve to the right whose radius is 1412.40 feet and whose long chord bears S 76 43' 06" E, 337.00 feet; THENCE along the south line of said I. H. No. 20 as follows: Along sid curve, in an easterly direction, through a central angle of 13 42' 12 ", 337.80 feet to a highway monument at the end of said curve; S 69 52' E, 182.50 feet to a highway monument at the beginning of a curve to the left whose radius point bears N 20 08' E, 974.93 feet; Along said curve, in an easterly direction, through a central angle of 14 53' 01 ", 253.26 feet to a 1/2" iron at the end of said curve; S 42 42' E, 14.79 feet to the POINT OF BEGINNING and containing 1.858 acres of land. Authentic Press EXHIBIT "B" DESCRIPTIVE LIST I. Machinery or Equipment located on the REAL PROPERTY, including but not limited to the following types of machinery or equipment items and all associated fixtures and appurtenances (including replacement parts): 1. Printing Presses 2. Viewing Booths 3. Cameras 4. Stripping Fixtures 5. Film Processors 6. Plate Processors 7. Proofing Equipment pment 8. Plate Punches 9. Film Exposers 10. Plate Exposers 11. Job Racks 12. Exposer Lights 13. Single & Multi Paper Punches 14. Saddle Stitcher 15. Folders 16. Die Cutters 17. Shrink Wrap Machines 18. Scales 19. Pallet Jacks 20. Air Compressors 21. Press Rollers & Parts 22. Perfect Binder 23. Wire Binder 24. Hydraulic Paper Cutters 25. Densitrometers 26. Padding Racks 27. Chilling Units 28. Gages 29. Cranes, Hoists, Lifting Devices & Fork Lifts 30. Quality Measuring 31. Cleaning 32. Environmental 33_ Maintenance . 34. Safety & Security 35. Gas, Telephone & Electrical 36. Material Handling 37. Storage & Retrieval 38. Water & Fire 39. Tooling 40. Office (including Computer Hardware & Software Page 1 of 2 P.O. Box 170119 • Arlington, Texas 76003 / 7200 Interstate 20 • Arlington, Texas 76016 • Metro 572 -5611 / (817) 478 -7715 Authentic Press II. Building and structures and all appurtenances thereto located on the REAL PROPERTY including but not limited to new, improvements or additions to existing, or reconstruction of existing in all or of any part, AND including but not limited to: streets, fences, landscaping, sprinkler systems, signs, heating, ventilation, air conditioning, foundations, interior /exterior finishout, roofs, doors, windows, floors, plumbing, electrical, structural and nonstructural, and all furnishings of all such buildings and structures. Page 2 of 2 P.O. Box 170119 • Arlington, Texas 76003 / 7200 Interstate 20 • Arlington. Texas 76016 • Metro 572 -5611 / (817) 478 -7715 e B & B Publishing, Inc. 833 East Enon P.O. Box 40230 Everman, TX 76140 -0230 Phone (817) 478 -4661 Publishers Of: AFFIDAVIT OF PUBLICATION EVERMAN TIMES STATE OF TEXAS: KENNEDALE NEWS FOREST HILL NEWS COUNTY OF TARRANT: SOUTH COUNTY NEWS CITY OF KENNEDALE BEFORE ME, the undersigned authority, on this day personally appeared ARVETA RAY who having been duly sworn, says upon her oath: That she is the CirculationManager of the KENNEDALE NEWS which is a weekly newspaper published in Tarrant County, Texas with a general circulation in the City of Kennedale e s- $' - ' 2--2 ' -)--/- ' and that a copy of PUBLIC HEARING, REINVESTMENT ZONE which is attached to this affidavit, was published in said newspaper on the following date(s): to wit February, 6TH,1992 EXECUTED THIS 12th DAY OF Marchl992 A -L J (Itom ARVETA RAY / SUBSCRIBED AND SWORN TO BEFORE ME THIS, THE12th DAY OF March,1992 i , 1/ / ( , , ' , 7 ,/ NOTARY PUBLIC TEXAS