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O016 CITY OF KENNEDALE ORDINANCE NO.16 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, Heidelberg Harris Corporation has requested the designation of a reinvestment zone for purposes of tax abatement of real and personal property belonging to Heidelberg Harris Corporation, for the purposes of economic development as defined under the Texas Property Redevelopment and Tax Abatement Act, and; WHEREAS, on the 5th day of December, 1991, notice was published in the Kennedale News stating that a public hearing would be conducted by the City of Kennedale Council on the 12th day of December, 1991, to consider the request of Heidelberg Harris Corporation 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 by Heidelberg Harris Corporation, meet the appli- cable 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 requested by Heidelberg Harris Corporation, 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 Rede- velopment 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 for Heidelberg Harris Corporation as requested in Exhibit B. Passed in open session of the City Council of the City of Kennedale this 12th day of December, 1991. APPROVED: ;) /7 iir k =i_( ayor Steve Radakovich ATTEST: City Secretary, EXHIBIT A REAL PROPERTY 1. Blk: 1, Lot: 1A, Harris Corporation Addition, City of Kennedale, Tarrant County, Texas, further described as follows: BEGINNING at the Southeast corner of Lot 13, W. J. Boaz Subdivision; THENCE South 89 degrees 43 minutes East 172.12 feet to an iron pin in the West line of Gail Drive; THENCE South 00 degrees 07 minutes West 566.95 feet along the West line of Gail Drive to an iron pin in the North line of Linda Road; THENCE North 89 degrees 47 minutes West 1532.97 feet along the North line of Linda Road to an iron pin at the intersection of the North line of Linda Road and the East line of Dick Price Road; THENCE North 00 degrees 37 minutes East 900.3 feet along the East line of Dick Price Road to an iron pin for corner; THENCE South 89 degrees 54 minutes East 1358.0 feet to an iron pin for corner; THENCE South 00 degrees 15 minutes West 333.0 feet to the Place of Beginning and containing 30.26 acres of land more or less. SAVE AND EXCEPT FOR: Property: BEING a tract of land out of the M.F. Scott Survey, Abstract 1450, Tarrant County, Texas, said tract being a portion of Lots 12 and 13 of the W.J. Boaz Subdivision as recorded in Vol. 1383, Page 588, DRTCT, and being a portion of the Harris Corporation Addition to the City of Kennedale, Tarrant County, Texas, as recorded in Vol. 388 -149, Page 92, PRTCT; said tract being more particularly described by metes and bounds as follows; BEGINNING at 5/8" iron rod at the southeast corner of said Lot 13 of the W.J. Boaz Subdivision, same point being an interior ell corner of said Harris Corporation Addition; THENCE S 89 °43'00" E a distance of 172.12 feet to a 5/8" iron rod in the west R.O.W. of Gail Drive; THENCE S 00 °07'00" W along said west R.O.W. a distance of 50.00 feet to a 5/8" iron rod for the southeast corner of the herein described tract; THENCE N 89 °43'00" W a distance of 342.24 feet to a 5/8" iron rod; THENCE N 00 °15'00" E a distance of 382.46 feet to a 5/8" iron rod in the north line of said Harris Corporation Addition; THENCE S 89 °54'00" E along said north line, a distance of 170.00 feet to a 5/8" iron rod in the west line of the Tommy L. Gay PAGE 1 of 2 Addition as recorded in Vol. 388 -46, P. 67 and 68; THENCE S 00 °15 "00" W along said west line, a distance of 333.00 feet to the POINT OF BEGINNING and containing 1.69 acres of land, more or Tess. For a net acres of 28.57 surveyed acres (heretofore called in error 29.92 acres by the Tarrant County Appraisal District) , commonly known as 501 South Dick Price Road. 2. Blk: 2, Lot: 1, Harris Corporation Addition, City of Kennedale, Tarrant County, Texas, further described as follows: BEGINNING at the Northwest corner of Lot 1, Gay Daughters Subdivision according to plat recorded in Volume 388 -17, Page 211, Deed Records, Tarrant County, Texas, said point being an iron pin in the South line of Linda Road; THENCE 251.6 Feet along the West line of said Lot 1, to an iron pin for corner in the South line of the M.F. Scott Survey; THENCE South 89 degrees 00 minutes West 863.0 feet along the South line of said Survey to an iron pin for corner, being in the East line of Dick Price Road, said point being 19.0 feet North 89 degrees 00 minutes East of the Southwest corner of said survey; THENCE North 00 degrees 37 minutes East 259.9 feet along the East line of Dick Price Road to an iron pin at the intersection of the East line of Dick Price Road and the South line of Linda Road for corner; THENCE South 89 degrees 47 minutes East 863.0 feet along the South line of Linda Road to the place of beginning and containing 4.96 acres of land more or less. The above described 4.96 acres being commonly known as 601 South Dick Price Road. PAGE 2 of 2 EXHIBIT B DESCRIPTIVE LIST A. 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) : (i) Lathes (ii) Planers (iii) Machining Centers (iv) Grinders (v) Boring Mills (vi) Balancers (vii) Gages (viii) Cranes, Hoists, Lifting Devices and Fork Lifts (ix) Coating (x) Quality Measuring (xi) Cleaning (including Cleaning Stations) (xii) Environmental (xiii) Maintenance (xiv) Experimental (xv) Welding (xvi) Safety and Security (xvi i) Laboratory (xviii) Assembly (including Assembly Buildings) (xix) Office (including Computer Hardware and Software) (xx) Tooling (xxi) Water and Fire (xxii) Storage and Retrieval (xxiii) Material Handling (xxiv) Machine Rebuilding (xxv) Gas, Telephone and Electrical B. 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, walls, interior /exterior finishout, roofs, doors, windows, floors, plumbing, electrical, structural and nonstructural, and all furnishings of all such buildings and structures. PAGE SOLO