HomeMy WebLinkAboutRes 2019-02-543 PH Creation of Tirz VHCCITY OF ANNA, TEXAS
RESOLUTION NO.,Q(q- U-� - Jj3
A RESOLUTION SETTING A PUBLIC HEARING UNDER SECTION
311.003 OF THE TEXAS TAX CODE FOR THE CREATION OF A TAX
INCREMENT REINVESTMENT ZONE WITHIN THE CITY OF ANNA,
TEXAS; AUTHORIZING THE ISSUANCE OF NOTICE BY THE CITY
SECRETARY OF ANNA, TEXAS REGARDING THE PUBLIC HEARING;
AND DIRECTING THE CITY TO PREPARE A PRELIMINARY
REINVESTMENT ZONE FINANCING PLAN.
WHEREAS, the City of Anna, Texas (the "City"), is authorized under Chapter 311 of the
Texas Tax Code, as amended (the "Act"), to create a tax increment reinvestment zone within its
city limits;
WHEREAS, the City Council of the City (the "City Council") wishes to hold a public
hearing in accordance with Section 311.003 of the Act regarding the establishment of a tax
increment reinvestment zone in the City (the "Zone") with the boundaries being described in the
metes and bounds attached as Exhibit A; and
WHEREAS, in order to hold a public hearing for the creation of the Zone, notice must be
given in a newspaper of general circulation in -the City no later than the 7th day before the date of
the hearing in accordance with Section 311.003 of the Act; and
WHERAS, the City Council has determined to hold a public hearing on March 12, 2019
on the creation of the Zone.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL:
Section 1. That a public hearing is hereby called for March 12, 2019 at 7:00p. m. at Anna
Council Chambers, 111 N. Powell Parkway, Anna, TX 75409, for the purpose of hearing any
interested person speak for or against the inclusion of property in the proposed Zone, the creation
of the Zone, its boundaries, or the concept of tax increment financing with respect to the creation
of the Zone.
Section 2. At such time and place the City Council will hear testimony regarding the
creation of the Zone and will provide a reasonable opportunity for the owner of any property within
the proposed Zone to protest the inclusion of their property within the Zone. Upon closing the
public hearing, the City Council may consider the adoption of an ordinance authorizing the
creation of the Zone.
Section 3. Attached hereto as Exhibit B is a form of the Notice of Public Hearing, the
form and substance of which is hereby adopted and approved.
TIRZ Hearing Resolution Page 1 of 5
Section 4. The City Secretary is hereby authorized and directed to cause said notice to be
published in substantially the form attached hereto in a newspaper of general circulation in the
City on or before March 4, 2019.
Section 5. Before the March 12, 2019 hearing concerning the Zone, the City shall prepare
a preliminary reinvestment zone financing plan.
Section 6. This resolution shall be in full force and effect from and after its passage and it
is accordingly so resolved.
PASSED AND APPROVED on this the 12th day of Februar , 2019.
ATTEST: P
l
Nate Pike, Mayor
Orr Q
Carrie L. Smith, City Secretary ,f 9
as
TIRZ Hearing Resolution Page 2 of 5
EXHIBIT A
Metes and Bounds for the Zone
LEGAL DESCRIPTION
BEING a tract of land situated in the Joseph Boyle Survey, Abstract Number 105, W.S. Rattan Survey,
Abstract Number 752, T. Rattan Survey, Abstract Number 782, and the J. Coffman Survey, Abstract
Number 197, Collin County, Texas and being part of that tract of land described in deed to CADG
Hurricane Creek, LLC, recorded in Instrument Number 20150529000631020 of the Official Public
Records of Collin County, Texas and being more particularly described as follows:
BEGINNING at a 5/8" iron rod found for the northeast corner of a remainder tract WBK Partners, LTD
recorded in Volume 4292, Page 27 of said Official Public Records and the easternmost southeast corner
of said CADG Hurricane Creek, LLC tract;
THENCE S 88058'27" W, 1,910.63 feet with the south line of said CADG tract to a 5/8" iron rod with
plastic cap stamped "PELOTON" set;
THENCE departing said south line of the CADG Hurricane Creek, LLC tract, N 00° 15'27" E, 421.11 feet
to a 5/8" iron rod with plastic cap stamped "PELOTON" set;
THENCE N 46018'49" E, 320.76 feet to a 5/8" iron rod with plastic cap stamped "PELOTON" set;
THENCE N 43°41'11" W, 120.00 feet to a 5/8" iron rod with plastic cap stamped "PELOTON" set;
THENCE S46018'49" W, 117.06 feet to a 5/8" iron rod with plastic cap stamped "PELOTON" set;
THENCE N 43°41'11" W, 50.00 feet to a 5/8" iron rod with plastic cap stamped "PELOTON" set;
THENCE N 46018'49" E, 145.00 feet to a 5/8" iron rod with plastic cap stamped "PELOTON" set;
THENCE N 43°41' 11" W, 120.00 feet to a 5/8" iron rod with plastic cap stamped "PELOTON" set;
THENCE N 46018'49" E, 570.00 feet to a 5/8" iron rod with plastic cap stamped "PELOTON" set;
THENCE N 4304I'11" W, 170.00 feet to a 5/8" iron rod with plastic cap stamped "PELOTON" set;
THENCE N 46° 18'49" E, 2.17 feet to a 5/8" iron rod with plastic cap stamped "PELOTON" set to the
beginning of a curve to the right;
THENCE, with said curve to the right, an arc distance of 47.91 feet, through a central angle of 05°54'13
having a radius of 465.00 feet, the long chord bears N 49'15'56" E, 47.89 feet to a 5/8" iron rod with
plastic cap stamped "PELOTON" set;
THENCE N 43°41'1 I" W, 163.78 feet to a 5/8" iron rod with plastic cap stamped "PELOTON" set;
THENCE N 46018'49" E, 259.23 feet to a 5/8" iron rod with plastic cap stamped "PELOTON" set;
THENCE N 89° 13'07" E, 741.15 feet to a 5/8" iron rod with plastic cap stamped "PELOTON" set;
TIRZ Hearing Resolution Page 3 of 5
THENCE S 23012'58" E, 16.58 feet to a 5/8" iron rod with plastic cap stamped "PELOTON" set;
THENCE N 89013'07" E, 140.84 feet to a 5/8" iron rod with plastic cap stamped "PELOTON" set;
THENCE N 59°26'33" E, 195.37 feet to a 5/8" iron rod with plastic cap stamped "PELOTON" set;
THENCE N 89013'07" E, 731.48 feet to a 5/8" iron rod with plastic cap stamped "PELOTON" set;
THENCE S 00°46'53" E, 284.46 feet to a 5/8" iron rod with plastic cap stamped "PELOTON" set;
THENCE N 89013'07" E, 525.00 feet to a 5/8" iron rod with plastic cap stamped "PELOTON" set;
THENCE S 00046'53" E, 460.00 feet to a 5/8" iron rod with plastic cap stamped "PELOTON" set;
THENCE S 89" 13'07" W, 170.00 feet to a 5/8" iron rod with plastic cap stamped "PELOTON" set;
THENCE S O1032'35" W, 138.83 feet to a 5/8" iron rod with plastic cap stamped "PELOTON" set;
THENCE S 03056'49" W, 63.28 feet to a 5/8" iron rod with plastic cap stamped "PELOTON" set;
THENCE S 20040'36" W, 64.06 feet to a 5/8" iron rod with plastic cap stamped "PELOTON" set;
THENCE S 34°31'32" W, 64.92 feet to a 5/8" iron rod with plastic cap stamped "PELOTON" set;
THENCE S 56°29'24" W, 66.49 feet to a 5/8" iron rod with plastic cap stamped "PELOTON" set;
THENCE S 55011'09" W, 70.72 feet to a 5/8" iron rod with plastic cap stamped "PELOTON" set;
THENCE S 3300712" E, 131.90 feet to a 5/8" iron rod with plastic cap stamped "PELOTON" set;
THENCE S 36016'47" E, 50.00 feet to a 5/8" iron rod with plastic cap stamped "PELOTON" set;
THENCE S 53043'13" W, 1.72 feet to a 5/8" iron rod with plastic cap stamped "PELOTON" set;
THENCE S 36° 16'47" E, 163.61 feet to a 5/8" iron rod with plastic cap stamped "PELOTON" set in the
east line of said CADG Hurricane Creek, LLC. Tract at the beginning of a curve to the right;
THENCE with said curve to the right, an arc distance of 61.57 feet, through an angle of 05°02'21", having
a radius of 700.00 feet, and a long chord which bears S 56°44'35" W, 61.55 feet to a 5/8" iron rod with
plastic cap stamped "PELOTON" set;
THENCE S 59°01'02" W, 294.65 feet to a 5/8" iron rod with plastic cap stamped "PELOTON" set;
THENCE S 89°21'12" W, 420.50 feet to a 5/8" iron rod with plastic cap stamped "PELOTON" set;
THENCE S 01 031' 10" E, 184.67 feet to the POINT OF BEGINNING and containing 4,015,625 square
feet or 92.186 acres of land, more or less.
TIRZ Hearing Resolution Page 4 of 5
City of Anna City Council
Notice of Public Hearing
On Creation of Reinvestment Zone
THE ANNA CITY COUNCIL WILL HOLD A PUBLIC HEARING ON TUESDAY MARCH 12, 2019 AT 7:00
P.M. AT ANNA CITY COUNCIL CHAMBERS, 111 N. POWELL PARKWAY., ANNA, TEXAS 75409, ON
THE CREATION OF A REINVESTMENT ZONE AND ITS BENEFITS TO THE CITY OF ANNA AND TO
PROVIDE A REASONABLE OPPORTUNITY FOR ANY OWNER OF PROPERTY WITHIN THE PROPOSED
REINVESTMENT ZONE TO PROTEST THE INCLUSION OF THEIR PROPERTY WITHIN THE PROPOSED
REINVESTMENT ZONE, WHICH PROPOSED ZONE CONSISTS OF APPROXIMATELY 92.186 ACRES
GENERALLY LOCATED NORTH OF FM 455, WEST OF US HIGHWAY 75, AND EAST OF ANNA'S
WESTERN CITY LIMITS, LOCATED WITHIN THE CITY AND AS MORE PARTICULARLY DESCRIBED BY
A METES AND BOUNDS DESCRIPTION AVAILABLE AT ANNA CITY HALL LOCATED 11 N. PARKWAY,
ANNA, TEXAS 75409 AND AVAILABLE FOR PUBLIC INSPECTION. AT THE PUBLIC HEARING, ANY
INTERESTED PERSON MAY SPEAK FOR OR AGAINST THE INCLUSION OF PROPERTY WITHIN THE
ZONE, THE CREATION OF THE REINVESTMENT ZONE, ITS BOUNDARIES, OR THE CONCEPT OF TAX
INCREMENT FINANCING. FOLLOWING THE PUBLIC HEARING, ANNA CITY COUNCIL WILL
CONSIDER ADOPTION OF AN ORDINANCE CREATING THE REINVESTMENT ZONE.
'-�O/ V -A? -5q 3
TIRZ Hearing Resolution Page 5 of 5