HomeMy WebLinkAboutItem 10 - TIRZ No. 2MEMO TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL
FROM: BRUNO RUMBELOW, CITY MANAGER
MEETING DATE: FEBRUARY 20, 2024
SUBJECT: ORDINANCE APPROVING AN AMENDED PROJECT AND FINANCING
PLAN FOR TAX INCREMENT FINANCING REINVESTMENT ZONE
NUMBER TWO
RECOMMENDATION: City Council to consider approval of an ordinance to amend the Tax
Increment Financing Reinvestment Zone Number Two Project and
Financing Plan, and take any necessary action.
FUNDING SOURCE: This action does not require funding.
BACKGROUND: The Tax Increment Financing Reinvestment Zone Number Two (Gaylord)
was established in 1998. On January 16, 2024, the composition of the
Board of Directors was amended to limit membership to contributing
taxing entities.
Upon approval by the TIF Number Two Board of Directors, this item will
then be considered by City Council for approval of the ordinance.
The ordinance approves recommended amendments to the TIF Number
Two Project and Financing Plan which would allow for a new project cost
category (Operating Reinvestment Zone Project Facilities). Upon
approval, expenses to operate eligible project facilities (Grapevine Middle
School) would be allowable TIF expenses. The amended list of project
costs is shown in Exhibit A.
Staff recommends approval.
ORDINANCE NO. 2024-013
AN ORDINANCE OF THE CITY COUNCIL OF THE
CITY OF GRAPEVINE, TEXAS APPROVING AN
AMENDED PROJECT AND FINANCING PLAN FOR
TAX INCREMENT REINVESTMENT ZONE NUMBER
TWO, CITY OF GRAPEVINE, TEXAS; MAKING
VARIOUS FINDINGS RELATED TO SUCH PLAN;
PROVIDING FOR SEVERABILITY; DECLARING AN
EMERGENCY AND PROVIDING AN EFFECTIVE
DATE
WHEREAS, on December 8, 1998, the City Council of the City of
Grapevine, Texas, pursuant to Chapter 311 of the Texas Tax Code, approved
Ordinance No. 98-140 designating a contiguous geographic area within the City
as Reinvestment Zone Number One, City of Grapevine, Texas (the "Zone") and
established a Board of Directors for the Zone (the "Board of Directors") to promote
development or redevelopment in the Zone; and
WHEREAS, on December 15, 1998, the City Council of the City of
Grapevine, Texas, pursuant to Chapter 311 of the Texas Tax Code, approved
Ordinance No. 98-141 approving the Project and Financing Plan for the Zone; and
WHEREAS, as authorized by Chapter 311 of the Texas Tax Code (the
"Act") and pursuant to Ordinance No. 2024-003 adopted by the City Council of the
City of Grapevine, Texas (the "City") on January 16, 2024, the City amended the
Zone to amend the composition and powers of the Board of Directors; and
WHEREAS, as authorized by Section 311.011(e), and 311.008, of the Act,
on February 20, 2024, the Board recommended that the amended Plan in Exhibit
"A", be approved by the City Council, and
WHEREAS, all constitutional and statutory prerequisites for the approval of
this ordinance have been met, including but not limited to the Open Meetings Act
and Chapter 211 of the Local Government Code; and
WHEREAS, the City Council deems the adoption of this ordinance to be in
the best interests of the health, safety, and welfare of the public.
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE
CITY OF GRAPEVINE, TEXAS:
Section 1. Findings.
That the City Council hereby makes the following findings of fact:
1.1 The statements and facts set forth in the recitals of this Ordinance are true
and correct.
1.2 That the Plan includes all information required by Sections 311.003(b) and
(c) of the Act.
1.3 That the Plan is feasible and the Plan conforms to the City's master plan.
Section 2. Approval of Plan
That based on the findings set forth in Section 1 of this Ordinance, the Plan
is hereby approved.
Section 3. Severability
That if any portion, section or part of a section of this Ordinance is
subsequently declared invalid, inoperative or void for any reason by a court of
competent jurisdiction, the remaining portions, sections or parts of sections of this
Ordinance shall be and remain in full force and effect and shall not in any way be
impaired or affected by such decision, opinion or judgment.
Section 4. Declaring and Emergencv and providing an Effective Date
That the fact that the present ordinances and regulations of the City of
Grapevine, Texas, are inadequate to properly safeguard the health, safety, morals,
peace and general welfare of the inhabitants of the City of Grapevine, Texas,
creates an emergency for the immediate preservation of the public business,
property, health, safety and general welfare of the public which requires that this
ordinance shall become effective from and after the date of its final passage, and
it is accordingly so ordained.
PASSED AND APPROVED by the City Council of the City of Grapevine, Texas,
this the 20th day of February, 2024.
APPROVED:
William D. Tate
Mayor
Ordinance No. 2024-013 2
ATTEST:
Tara Brooks
City Secretary
APPROVED AS TO FORM:
Matthew C.G. Boyle
City Attorney
Ordinance No. 2024-013
Tax Increment Reinvestment Zone #2
City of Grapevine, Texas
Tax Increment Reinvestment Zone #2, City of Grapevine
On December 8, 1998, the City Council of the City of Grapevine, Texas, pursuant to Chapter 311 of the Texas Tax
Code, approved Ordinance No. 98-140 designating a contiguous geographic area within the City as Reinvestment
Zone Number Two, City of Grapevine, Texas. This update to Attachment One of the previously approved Project
Plan outlines the funding of $51,500,000 in project costs, including costs related to public improvements such
as streets, water and sanitary sewer systems, public parking facilities, as well as costs associated with operating
reinvestment zone project facilities, and economic development grants. The TIRZ will fund these improvements
through the contribution of 100% of the City's ad valorem increment generated within the zone. The table below
includes a number of improvements within Tax Increment Reinvestment Zone #2 that will be financed by in part by
incremental real property tax generated within the TIRZ.
Proposed Project Costs
Street and Intersection Improvements $ 6,500,000
Water and Sanitary Sewer Facilities and Improvements $ 1,000,000
Public Parking Facility $ 7,414,482
Educational Facilities* $ 24,000,000
Operating Reinvestment Zone Project Facilities $ 12,559,768
Administration $ 25,750
TOTAL $ 51,500,000
*GCISD Middle School Debt Service Payment
UPDATE TO "ATTACHMENT ONE" OF THE PROJECT PLAN
FEBRUARY 2024
Chapter 311 of the Texas Tax Code
Sec. 311.002.
(1) "Project costs" means the expenditures made or estimated to be made and monetary obligations
incurred or estimated to be incurred by the municipality or county designating a reinvestment zone that
are listed in the project plan as costs of public works, public improvements, programs, or other projects
benefiting the zone, plus other costs incidental to those expenditures and obligations. "Project costs"
include:
(A) capital costs, including the actual costs of the acquisition and construction of public works, public
improvements, new buildings, structures, and fixtures; the actual costs of the acquisition, demolition,
alteration, remodeling, repair, or reconstruction of existing buildings, structures, and fixtures; the actual
costs of the remediation of conditions that contaminate public or private land or buildings; the actual
costs of the preservation of the facade of a public or private building, the actual costs of the demolition of
public or private buildings; and the actual costs of the acquisition of land and equipment and the clearing
and grading of land,
13% (B) financing costs, including all interest paid to holders of evidences of indebtedness or other
2% obligations issued to pay for project costs and any premium paid over the principal amount of the
14% obligations because of the redemption of the obligations before maturity,
47%
24%
0.05%
100.00 %
The categories listed in the table above outline various public improvements, and are meant to include all projects
eligible under Chapter 311, Section 311.002 of the Texas Tax Code. The costs illustrated in the table above are
estimates and may be revised. Savings from one line item may be applied to a cost increase in another line item.
The $51,500,000 project cost total amount shall not be exceeded without an amendment to the project and
financing plan.
The project costs are anticipated to be incurred over the term of the TIRZ, subject to demand for development driven
by market conditions. It is anticipated that the individual TIRZ project costs will be evaluated on a case -by -case
basis consistent with Chapter 311, Section 311.002, and brought forward to the TIRZ Board and City Council for
consideration.
(C) real property assembly costs;
(D) professional service costs, including those incurred for architectural, planning, engineering, and legal
advice and services;
(E) imputed administrative costs, including reasonable charges for the time spent by employees of the
municipality or county in connection with the implementation of a project plan;
(F) relocation costs;
(G) organizational costs, including the costs of conducting environmental impact studies or other studies,
the cost of publicizing the creation of the zone, and the cost of implementing the project plan for the
zone;
(H) interest before and during construction and for one year after completion of construction, whether or
not capitalized,
(I) the cost of operating the reinvestment zone and project facilities,
(J) the amount of any contributions made by the municipality or county from general revenue for the
implementation of the project plan;
(K) the costs of school buildings, other educational buildings, other educational facilities, or other
buildings owned by or on behalf of a school district, community college district, or other political
subdivision of this state; and
(L) payments made at the discretion of the governing body of the municipality or county that the
governing body finds necessary or convenient to the creation of the zone or to the implementation of the
■
TIRZ #2
1
— DAVID PETTIT
Economic Development
Grapevine, Texas Reinvestment Zone Number Two
Opryland Area Tax Increment Financing District
Approved - 71F Board - 12.14-98
Approved - City Councii - 12-15-98
Project Plan
Grapevine, Texas Reinvestment Zone Number Two
Opryland Area Tax Increment Financing District
As set forth in Section 311 .011 in the Tax Increment Financing Act of the Tax
Code, the Project Plan for the Grapevine, Texas Reinvestment Zone Number Two
must include the following elements:
1. A map showing existing uses and conditions of real property in the
zone and a map showing proposed improvements to and proposed
uses of the property.
The property contained within the reinvestment zone is undeveloped
which negates the need for a map showing uses and conditions of
real property. The maps showing the proposed improvements are
included with this report with each map showing a different aspect of
the project. The contents of the maps are as follows:
Map 1
Boundaries of the TIF District
Map 2
Preliminary water main system plan
Map 3
Preliminary sanitary sewer system plan
Map 4
Preliminary road network plan
Map 5
Preliminary parking facility plan
2. Proposed changes of zoning ordinances, the master plan of the
municipality, building codes and other municipal ordinances.
The City amended Section 36 of the Zoning Ordinance to allow full
development of a Hotel in the Planned Commerce Development
District. Prior to this change, the use was allowed under the zoning
district and the master plan, but not governed by the Hotel -Corporate
Office District regulations, which are crafted specifically to hotel
development. No other ordinance changes are anticipated.
3. A list of estimated nonproject costs.
Nonproject costs within the TIF zone are those development costs not
paid for by the TIF. The costs are those associated with the
construction of the Opryland Texas Hotel. The total nonproject costs
equal $267,070,000.
4. A statement of a method of relocating persons to be displaced as a
result of implementing the plan.
There are no existing residences or businesses in the reinvestment
zone.
A detailed list of the projects proposed for the reinvestment zone is not a
requirement for the Project Plan, however, Attachment One details the proposed
projects and their estimated costs. The statutes require a detailed list of the
projects in the Financing Plan,
Attachment One
Public Infrastructure Improvements and Costs
for Opryland Texas Development
Streets
Water and Sanitary Sewer System
Public Parking Facility
Opryland Projects - total
Wtlffl#T#T "I
11-000,000
&ON
$27,500,000
Grapevine Middle School — debt service $24,000,000
TOTAL - $51,500,000
16
TIF BOUNDARY
ft
PROPOSED,:/
BRIDGE.
LEGEND
— — PROPOSED TIF FUNDING
PROJECT PLAN
GRAPEVINE, TEXAS REINVESTMENT ZONE NUMBER TW-
OPRYLAND AREA TAX INCREMENT FINANCING DISTRIC
MAP I BOUNDARIES OF THE TIF DISTRICT
W&~.oww
b 1 PV-A f)PPVI d ninl ann oI nl wt
MAP 3
SANITARY SEWE
0
1
� � 1
r7
LIC
F
Ir-- T►F BOUNDARY e�
� k
I _s
PROP. 4'SEWER
FORCE MAIN PROP. LIFE STATION
' (0.10 MGD)
LEGEND
PROP.4' SEWER
•::
FORCE MAIN •,: �"� SANITARY SEWER SYSTEM
IV
E" z PROJECT PLAN
RGRAPEVINE, TEXAS REINVESTMENT ZONE NUMBER TWO
OPRYLAND AREA TAX INCREMENT FINANCING DISTRICT
` MAP 3 PRELIMINARY SANITARY SEWER SYSTEM PLAN
- 4Z user7.6arp.cs
Ccm�w�^�m�*�
._L�..._�,� _ _ -
�'�
t•t AU/51100Vt .�A+nt atF taa: rana�
FINANCING PLAN
Grapevine, Texas Reinvestment Zone Number Two
Oprylaind Area Tax Increment Financing District
Approved - TIF Board - 12-14-9 8
Approved - City Council - 12-15-98
Financing Plan
Grapevine, Texas Reinvestment Zone Number Two
Opryland Area Tax Increment Financing District
As set forth in Section 311.011 in the Tax Increment Financing Act of the Tax
Code, the Financing Plan for the Grapevine, Texas Reinvestment Zone Number Two
must include the following elements:
1. A detailed list describing the estimated project costs of the zone,
including administrative expenses; and,
2. A statement listing the kind, number and location of all proposed
public works or public improvements in the zone.
The proposed public improvements in the zone fall into three general
categories; streets, water and sanitary sewer systems and a public
parking facility. In addition to the projects related to the Opryland
development the TIF will reimburse the School District for its debt
service for the new Grapevine Middle School, which is included in the
TIF District's boundaries. The costs of each item and a brief
description of the project components follows:
Streets $6,500,000
Elements included in this category:
Construction of Opryland Blvd and Bridge
Reconstruction of Ruth -Wall Road
Related landscaping and irrigation
Signage
Signalization
The proposed street projects are for the construction of public access
roads and include the landscaping, irrigation and lighting of these
roads. The signage and signalization projects will facilitate the flow of
traffic throughout northeast Grapevine.
Water and Sanitary Sewer Systems $1,000,000
The water system plays an integral part in the area's public water
system network and will provide water service within the zone through
a looped system. The multiple interconnection of the on site looped
system and the surrounding transmission network provides an element
of safety through redundancy by allowing segments of the
transmission lines to be valved off in cases of emergencies while
continuing to provide adequate service for fire protection and potable
uses through the cross connected network on site. The public sanitary
sewer system will serve the hotel, adjacent parcels and undeveloped
land in the area.
Public Parking Facility $20,000,000
The public parking facility will provide parking for the development and
could provide the TIF with an optional revenue source by maintaining
the right to charge parking fees.
Debt Reimbursement (Principal) $24,000,000
As a part of the TIF District, the School District will be reimbursed for
its debt service, principal and interest, for the new Grapevine Middle
School. The site is wholly within the boundaries of the TIF District
and will benefit the community by replacing an existing structure that
is need of extensive repairs and relocation due to its location under the
flight path of the proposed west runway at DFW.
Total $51,500,000
3. An economic feasibility study.
An economic feasibility study has been completed and is included as
an attachment to this document.
4. The estimated amount of bonded indebtedness to be incurred.
The total principal amount to be issued for project costs is
$27,500,000 with an additional estimated $3,510,000 in issuance
costs and capitalized interest. The total indebtedness is estimated at
$31,010,000.
5. The time when related costs or monetary obligations are to be
incurred.
It is anticipated that there will be a debt issuance as early as the
summer of 1999 to fund a portion of the public works improvements
(Streets and Water and Sanitary Sewer Systems). A second issuance
is anticipated as early as the summer of 2000 to pay the costs of
completing the remaining public improvements (Public
Parking Facility).
6. A description of the methods of financing all estimated project costs
and the expected sources of revenue to finance or pay project costs,
including the percentage of tax increment to be derived from the
property taxes of each taxing unit on real property in the zone.
All estimated project costs associated with Opryland will be financed
through the issuance of debt instruments. The expected revenue
source for the payment of the debt will be the real property taxes
captured by the TIF District. The debt instruments may also be
secured by a back-up pledge of a general ad valorem tax levied by the
City of Grapevine. The City of Grapevine is participating at the 100%
level for both its debt and maintenance and operations property taxes.
The Grapevine/Colleyville Independent School District is participating in
the TIF with 100% of its M&O rate. Tarrant County, Tarrant County
Junior College District and Tarrant County Hospital District are all
participating at with 25% of their M&O rates in the TIF district. The
participation of the Grapevine/Colleyville Independent School District
(the "School District") will be reduced by the amount necessary to
offset any negative impact on the School District, as a result of its
participation in the TIF District, relating to State funds that would
otherwise be received by the School District under school finance
legislation or relating to amounts that must be paid or contributed by
the School District under school finance law.
The City may also utilize the provisions of Chapter 380, Texas Local
Government Code.
7. The current total appraised value of taxable real property in the zone.
The current total appraised value of the taxable real property in the
zone is $2,713,957.
8. The estimated captured appraised value of the zone during each year
of its existence.
The estimated appraised value of the improvements in the zone per
year is listed below. The estimated value of the zone assumes an
annual growth in the appraised value of .5% after 2002.
Appraised
Year
Value
1999
0
2000
99,500,000
2001
190,000,000
2002
267,070,000
2003
268,405,350
2004
269,747,377
2005
271,096,1 14
2006
272,451,594
2007
273,813,852
2008
275,182,921
2009
276,558,836
2010
277,941,630
2011
279,331,338
2012
280,727,995
2013
282,131,635
2014
283,542,293
2015
284,960,005
2016
286,384,805
2017
287,816,729
2018
289,255,812
2019
290,702,091
2020
292,155,602
2021
293,616,380
2022
295,084,462
2023
296,559,884
2024
298,042,684
2025
299,532,897
2026
301,030,561
2027
302,535,714
2028
304,048,393
2029
305,568,635
2030
307,096,478
9. The duration of the zone.
The zone was created on December 8, 1998. The termination of the
zone is set as either December 31, 2030 or the date when all project
costs are paid and all debt is retired, whichever comes first.
City of Grapevine
And
Grapevine-Colleyville Independent School District
Agreement to Participate
In the
Reinvestment Zone Number Two, City of Grapevine
THIS AGREEMENT is made and entered into by and between the City of Grapevine
("City"), a municipal corporation, and the Grapevine-Colleyville Independent School District,
("School District") of Tarraqt County, Texas
WITNESSETH:
WHEREAS, in accordance with the provisions of the Tax Increment Financing Act,
V.T.C.A., Tax Code, Chapter 311 (the "Act"), and after due notice to the School District and other
taxing units levying real property taxes in the area, the City Council of the City anticipates that it
will adopt an Ordinance (the "Ordinance") on December 8, 1998, in the form attached hereto as
Exhibit A and incorporated herein by reference, creating, establishing and designating
0 -
"Reinvestment Zone Number Two, City of Grapevine" (hereinafter called the "Reinvestment Zone")
tinder the Act; and
WHEREAS, the City also anticipates that it will adopt an Ordinance approving the Project
Plan and Financing Plan (collectively the "Plan") for the Reinvestment Zone in substantially the
form of the Plan attached hereto as Exhibit B and incorporated herein by reference; and
WHEREAS, the Act provides that each taxing unit levying taxes on real property in a
reinvestment zone is not required to pay into the tax increment fund any of its tax increment
produced from property located in the reinvestment zone unless such taxing unit enters into an
agreement to do so with the governing body of the municipality that created the reinvestment zone;
and
WHEREAS, a tax increment agreement under the Act may be entered into any time before
or after the reinvestment zone is created, and such agreement may include any conditions for
payment of the tax increment into the fund and must specify the portion of the tax increment to be
paid into the tax increment fund and the years for which that tax increment is to be paid into the tax
increment fund.
NOW, THEREFORE, the City and the School District, in consideration of the terms,
conditions, and covenants contained herein, hereby agree as follows:
Section 1. The School District hereby agrees to pay into the tax increment fund
established by the City for the Reinvestment Zone (the "Tax Increment Fund") one hundred percent
(100%) of the School District maintenance and operations ("M&O") ad valorem tax collections on
the captured appraised value of real property in the Reinvestment Zone subject to the following
terms and conditions.
a. Hold Harmless. The City shall indemnify and hold the School District harmless
from any negative financial impact on the School District as a result of its
participation in the public infrastructure projects described in the Plan caused by or
relating to a "change in applicable law" (as herein defined). Each fiscal year, the
School District shall calculate the amount of the negative financial impact and shall
be reimbursed such amount by the City. Each such calculation shall take into
account any adjustments to the amount calculated for the previous fiscal year that
should be made in order to reflect the actual impact on the School District for such
previous fiscal year. Without limiting the generality of the foregoing, it is
understood and agreed that this "hold harmless" provision shall apply in the event
that a change in applicable law occurs which would free or increase the amount of
"Robin Hood" funds received by or available to the School District but for the School
District's participation in the Reinvestment Zone. Notwithstanding the foregoing, the
School District shall, throughout the term of this Agreement, pay into the Tax
Increment Fund one hundred percent (100%) of the School District M&O ad valorem
tax collections on the captured appraised value of real property in the Reinvestment
Zone.
b. Change in Applicable Law. A "change in applicable law," as used herein, means
any change in law applicable to the School District, to tax increment financing or to
reinvestment zones subsequent to the date of this Agreement, including, without
limitation, any change in any statutory law applicable to the School District, to tax
increment financing or to reinvestment zones or any interpretation, ruling, order,
decree or court decision interpreting existing law or any law enacted during the term
of this Agreement which is applicable to the School District, to tax increment
financing or to reinvestment zones, provided such interpretation, ruling, order, decree
or court decision is made administratively by the Comptroller of Public Accounts of
the State of Texas, the Texas Attorney General, or any other Statc agency, or by a
court of competent jurisdiction.
C. Boundary. The boundaries of the Reinvestment Zone are and shall be those
boundaries described in the Ordinance, or an amendment thereto revising the
boundaries duly approved by the Reinvestment Zone Board of Directors and the City
Council of the City; provided, however, that the City agrees that the boundaries of
the Reinvestment Zone shall not be changed to exclude any schools of the School
District which are located within the boundaries of the Reinvestment Zone, unless
-2-
r
the Board of Trustees of the School District has first approved such boundary
change; provided, however, that the City Council of the City and the Board of
Directors of the Reinvestment Zone may include additional schools of the School
District within the boundaries of the Reinvestment Zone.
d. Purpose and Program., Within the boundaries of the Reinvestment Zone, public
infrastructure improvements, school district improvements and retail, restaurant and
office space are to be constricted as nearly as possible in conformity with the Plan.
Any additions, changes, revisions or modifications to the Plan made after the date
of this Agreement may only be made by the Board of Directors of the Reinvestment
Zone and the City Council of the City; provided, however, that the City agrees that
it will not approve any additions, changes, revisions or modifications to the Plan
relating to any of the school improvement projects described in the form of the Plan
attached hereto as Exhibit B unless the Board of Trustees of the School District has
first approved such addition, change, revision or modification.
e. Appraised Value. The real property within the boundaries of the Reinvestment
Zone is to be appraised in 1998 for ad valorem tax purposes and for establishing the
tax increment base referenced in Section 311.012 of the Act.
f. Bond Limit. The total principal amount of bonds or notes to be issued to pay
project costs for the Reinvestment Zone pursuant to Section 311.015 of the Act shall
not exceed twenty-seven million, five hundred thousand dollars ($27,500,000) in
1998 present value funds. Total capitalized interest, debt service, and operating
reserves costs will be approximately thirty-one million, five hundred thousand
dollars ($31,500,000) including nine hundred fifteen thousand dollars ($915,000)
for issuance costs.
g. Use of TIF Funds. All amounts paid into the Tax Increment Fund shall be used
solely to repay cash expenditures of project costs or the principal of and interest on
any tax increment bonds or notes issued to finance project costs under the Act, and
to pay direct costs properly chargeable under the Act and under generally accepted
accounting principles to the administration of the Reinvestment Zone, all in
accordance with the Plan. It is specifically understood and agreed that even though
additional or other projects may be included in the Plan, the funds contributed by the
School District to the Tax Increment Fund shall and may be used only for the
projects described in the Plan attached hereto as Exhibit B. The City specifically
agrees that amounts in the Tax Increment Fund will be used to reimburse the School
District, on an annual basis, for its debt service (including principal and interest) on
bonds issued by the School District for the new Grapevine Middle School. Subject
to the foregoing, the Tax Increment Fund shall be applied first to the school
improvements and public infrastructure projects described in the Plan. All funds, if
-J-
any, in excess of annual obligations for such projects shall be paid into a dedicated
Escrow Account from which funds cannot be removed without the School District's
consent. All funds, if any, remaining in the Escrow Account after all project costs
have been paid and/or any payment of reimbursement to the School District
contemplated in Section La. shall be returned to the School District in the same
proportion that the funds originally contributed by the School District to the Tax
Increment Fund for public infrastructure projects bears to the total amount
contributed by taxing units to the Tax Increment Fund for public infrastructure
projects. In addition, it is specifically understood and agreed that the School District
shall be reimbursed for its actual costs associated with the creation of the
Reinvestment Zone, including its reasonable attorneys' fees, consultants' fees and
other professional fees.
h. Limits of Oblieation of the School District. Except for payment to the Tax
Increment Fund of one hundred percent (100%) of the School District M&O ad
valorem tax collections on the captured appraised value of real property in the
"Reinvestment Zone" subject to the terms and conditions set forth herein, the School
District shall have no obligation for any costs or expenses associated with the
operation of the Reinvestment Zone, including, without limitation, any obligation to
pay or repay any debt issued by the City, the Reinvestment Zone, or the Board of
Directors of the Reinvestment Zone relating to the Reinvestment Zone or any costs
associated with the operation of Reinvestment Zone or any projects relating thereto.
Limit of School District's Obligation - City Participation. The School District shall
have no obligation to make contributions to the Tax Increment Fund in the event the
City, for any reason during the term of this Agreement, does not contribute to the Tax
Increment Fund 100% of the taxes collected by the City on the captured appraised
value of the real property in the Reinvestment Zone.
j. School District Representation. The School District shall have the right to appoint
and maintain one (1) voting member on the Board of Directors of the Reinvestment
Zone at all times. Failure of the School District to appoint and maintain a
representative on the Board of Directors of the Reinvestment Zone at any time shall
not be deemed a waiver of the School District's right to make such appointment at
any other time.
Section 2. In accordance with Section 311.013 of the Act, the School District shall not
be required to make any contribution to the Tax Increment Fund after three (3) years from the date
the Reinvestment Zone has been created unless the following conditions exist or have been met
within such three year period
M
J � T
bonds have been issued for the Reinvestment Zone under Section 311.015 of the Act
to finance projects described in the Plan;
b. the City has acquired property in the Reinvestment Zone pursuant to the Plan; or
constriction of improvements pursuant to the Plan has begun in the Reinvestment
Zone.
Section 3. As inducement to the School District to enter into this Agreement, the City
agrees that City bonds or tax increment bonds of the Reinvestment Zone will be issued to finance
projects contemplated in the Plan until (a) a final Plan has been prepared and adopted by the Board
of Directors of the Reinvestment Zone and approved by the City Council of the City, and (b) the City
has fiirnished documentation, evidence and assurances satisfactory to the Board of Directors of the
Reinvestment Zone to the effect that funds necessary to support cash expenditures and/or the
retirement of tax increment bonds will be available either from revenues of the Tax Increment Fund
or from other funds provided by the City.
Section 4. This Agreement shall become effective as of the date of the final signature
hereto and shall remain in effect until the earlier of: (i) December 31, 2030, or (ii) the date on which
the Plan has been fully implemented and all project costs, tax increment bonds, interest on such tax
increment bonds and all other obligations, contractual or otherwise, payable from the Tax Increment
Fund have been paid in full; provided, however, that, at the option of the School District, this
Agreement shall be null and void and of no further force and effect if the City fails to adopt the
Ordinance and the Plan, in the forms attached hereto as Exhibit A and Exhibit B, respectively, by
December 31, 1998.
Section 5. To the extent of their respective liabilities, the City and the School District
shall each be responsible for the sole negligent acts of their officers, agents, employees or separate
contractors. In the event of joint and concurrent negligence of both City and School District,
responsibility, if any, shall be apportioned comparatively in accordance with the laws of the State
of Texas, without however, waiving any governmental immunity available to the City and School
District under Texas law and without waiving any defenses of the parties under Texas law.
Section 6. This Agreement shall be administered by the City Manager or his designees.
Section 7. Whenever this Agreement requires or permits any consent, approval, notice,
request, proposal, or demand from one party to another, the consent, approval, notice, request,
proposal, or demand must be in writing to be effective and shall be delivered to the party intended
to receive it at the addresses shown below:
-5-
If intended for City, to:
City Manager
City of Grapevine
P.O. Box 95104
Grapevine, Texas 76099
If intended for School District to:
Superintendent of Schools
Grapevine -Grapevine Independent School District
3051 Ira E. Woods Avenue
Grapevine, Texas 76051-3897
or to such other addresses as the parties may request, in writing from time to time.
Section 8. This Agreement is made subject to the provisions of the charter and
ordinances of the City, as amended; the policies of the School District's Board of Trustees; the Texas
Constitution, codes, and statutes; and all other applicable state and federal laws, regulations and
requirements, as amended. Venue shall be exclusively in Tarrant County, Texas.
Section 9. This Agreement embodies the complete understanding of City and School
District with respect to the subject matter hereof superceding all oral or written previous and
contemporary agreements between the parties relating to matters herein. The Agreement may be
amended, modified, or supplemented only by an instrument in writing executed by City and School
District.
Section 10. The provisions of this Agreement are severable and the invalidity or
unenforceability of any provision hereof shall not affect the validity or enforceability of any other
provision. It is the intention of the parties that each provision hereof be construed in a manner
designed to effectuate the purposes of such provision to the maximum extent enforceable under
applicable law.
Section 11. Failure of either party hereto to insist on the strict performance of any of the
covenants or agreements herein contained or to exercise any rights or remedies accruing hereunder
upon default or failure of performance shall not be considered a waiver of the right to insist on, and
to enforce by any appropriate remedy, strict compliance with any other obligation hereunder or to
exercise any right or remedy occurring as a result of any future default or failure of performance.
Section 12. No party hereto waives or relinquishes any immunity or defense on behalf of
itself, its trustees, officers, employees or agents as a result of its execution of this Agreement and
performance of the covenants contained herein.
M
EXECUTED this the A� � day of )414eAa4,� , 1998, by the City,
signing by and through its City Manager, duly authorized by Resolution No.
approved on 1998, and by School District through its duly authorized
officials by approval at a duly called and noticed Board meeting on December 7, 1998.
CITY OF GRAPEVINE GRAPEVINE-COLLEYVILLE
INDEPENDENT SCHOOL DISTRICT
Roger N son Janie ane
City Manager Presi ent, Board of Trustees
ATTEST:
Carol Wollin
Secretary, Board of Trustees
Exhibits
Exhibit A — City of Grapevine Ordinance 98-140
Exhibit B — Project Plan and Financing Plan for the Reinvestment Zone
-7-
FESSJT1034259\008015
DALLAVSDFINAGDOC
12/8/98--9:50 AM
EXHIBIT "A" TO GRAPEVINE-
COLLEYVILLE ISD PARTICIPATION
AGREEMENT
CITY OF GRAPEVINE, TEXAS
CERTIFICATE OF CITY SECRETARY'S OFFICE
STATE OF TEXAS
COUNTY OF TARRANT
CITY OF GRAPEVINE
I, the undersigned, Linda Huff, City Secretary of the City of Grapevine, Texas, a
municipal corporation, in the performance of the functions of my office, hereby certify that
the attached ordinance is a full, true, and correct copy of Ordinance No.98-140 as the
same appears of record in the City Secretary's office, having been passed and approved
by the City Council of the City of Grapevine, Texas, on the 8th day of December, 1998, and
that I am the lawful possessor and have legal custody of said record.
WITNESS MY HAND AND SEAL OF OFFICE at my office in Grapevine, Texas, this
the 16th day of December, A. D., 1998.
Lin a Huff
City Secretary
City of Grapevine, Texas
(Cf? Y SEAL)
City of Grapevine • City Secretary's Office • P.O. Box 95104 • Grapevine, Texas 76099 • Phone Metro 817/410-3182 • Fax 817/410-3004
ORDINANCE NO. 98-140
AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF
GRAPEVINE, TEXAS DESIGNATING A CERTAIN AREA AS
TAX INCREMENT FINANCING REINVESTMENT ZONE
NUMBER TWO, CITY OF GRAPEVINE, TEXAS,
ESTABLISHING A BOARD OF DIRECTORS FOR SUCH
REINVESTMENT ZONE AND OTHER MATTERS RELATING
THERETO; PROVIDING A CLAUSE RELATING TO
SEVERABILITY; DECLARING AN EMERGENCY AND
PROVIDING AN EFFECTIVE DATE
WHEREAS, the City Council of the City of Grapevine, Texas (the "City"), desires to
promote the development of a certain contiguous geographic area (the Opryland
Hotel/Grapevine Middle School area) within its jurisdiction by the creation of a
reinvestment zone, as authorized by the Tax Increment Financing Act, Chapter 311 of the
Texas Tax Code, Vernon's Texas Codes Annotated (the "Act"); and
WHEREAS, in compliance with the Act, the City has called a public hearing to hear
public comments on the creation of the proposed reinvestment zone and its benefits to
the City and the property in the proposed reinvestment zone; and
WHEREAS, in compliance with the Act, notice of such public hearing was
published in the Fort Worth Star Telegram, a daily paper of general circulation in the City,
such publication date being not later than seven (7) days prior to the date of the public
hearing; and
WHEREAS, such hearing was convened at the time and place mentioned in the
published notice, to wit, on the 81h day of December, 1998 at 7:30 p.m., in the Council
Chamber of the City of Grapevine, Texas, which hearing was then closed; and
WHEREAS, the City, at such hearing, invited any interested person, or his
attorney, to appear and contend for or against the creation of the reinvestment zone, the
boundaries of the proposed reinvestment zone, whether all or part of the territory which is
described by the metes and bounds description attached hereto as "Exhibit "A" and
depicted in the map attached hereto as Exhibit "B" should be included in such proposed
reinvestment zone, the concept of tax increment financing and the appointment of a
board of directors for the proposed reinvestment zone; and
WHEREAS, all owners of property located within the proposed reinvestment zone
and all other taxing units and other interested persons were given the opportunity at such
public hearing to protest the creation of the proposed reinvestment zone and/or the
inclusion of their property in such reinvestment zone; and
WHEREAS, the proponents of the reinvestment zone offered evidence, both oral
and documentary, in favor of all of the foregoing matters relating to the creation of the
reinvestment zone, and opponents, if any, of the reinvestment zone appeared to contest
creation of the reinvestment zone.
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY
OF GRAPEVINE, TEXAS:
Section 1. That the facts and recitations contained in the preamble of this
ordinance are hereby found and declared to be true and correct.
Section 2. That the City Council, after conducting such hearing and having
heard such evidence and testimony, has made the following findings and determinations
based on the evidence and testimony presented to it:
(a) That the public hearing on adoption of the reinvestment zone has been
properly called, held and conducted and that notice of such hearing has
been published as required by law and delivered to all taxing units
overlapping the territory inside the proposed reinvestment zone.
(b) That creation of the proposed reinvestment zone with boundaries as
described in Exhibits "A" and "B" will result in benefits to the City, its
residents and property owners, in general, and to the property, residents
and property owners in the reinvestment zone.
(c) That the reinvestment zone, as defined in Exhibits "A" and "B", meets the
criteria for the creation of a reinvestment zone set forth in the Act in that:
(1) It is a contiguous geographic area located wholly within the corporate
limits of the City.
(2) The area impairs the sound growth of the City in its present condition
and because the area is predominately open and because of
obsolete platting or deterioration of structures or site improvements
and other factors.
(d) That 10 percent or less of the property in the proposed reinvestment zone,
excluding property dedicated to public use, is used for residential purposes,
which is defined in the act as any property occupied by a house which has
less than five living units.
(e) That the total appraised value of all taxable real property in the proposed
reinvestment zone according to the most recent appraisal rolls of the City,
together with the total appraised value of taxable real property in all other
existing reinvestment zones within the City, according to the most recent
appraisal rolls of the City, does not exceed 15 percent of the current total
ORD. NO. 98-140 2
appraised value of taxable real property in the City and in the industrial
districts created by the City, if any.
(f) That the proposed reinvestment zone does not contain more than 15
percent of the total appraised value of real property taxable by a county or
school district.
(g) That the improvements in the reinvestment zone will significantly enhance
the value of all taxable real property in the reinvestment zone and will be of
general benefit to the City.
(h) That the development or redevelopment of the property in the proposed
reinvestment zone will not occur solely through private investment in the
reasonably foreseeable future.
Section 3. That the City hereby creates a reinvestment zone over the area
described by the metes and bounds in Exhibit "A" attached hereto and depicted in the
map attached hereto as Exhibit "B" and such reinvestment zone shall hereafter be
identified as Tax Increment Financing Reinvestment Zone Number Two, City of
Grapevine, Texas (the "Zone" or "Reinvestment Zone").
Section 4. That there is hereby established a board of directors for the Zone
which shall consist of nine (9) members. The board of directors of Tax Increment
Financing Reinvestment Zone Number One shall be appointed as follows:
(a) Five members shall be appointed by the City Council, and each of the
governing bodies of the following taxing units which levies taxes on real
property in the Zone (Tarrant County, Tarrant County Hospital District,
Grapevine-Colleyville Independent School District and Tarrant County
Community College District) may each appoint one (1) member to the
board; provided, however, that if a taxing unit waives its right to appoint a
member of the board, the City may appoint such member instead. The
initial board of directors shall be appointed by resolution of the governing
bodies of the City and the taxing units as provided herein within sixty (60)
days of the passage of this ordinance or within a reasonable time
thereafter. All members appointed to the board shall meet eligibility
requirements as set forth in the Act.
(b) The terms of the board members shall be for two year terms. The City
Council shall designate a member of the board to serve as chairman of the
board of directors, and the board shall elect from its members a vice
chairman and other officers as it sees fit.
ORD. NO. 98-140 3
(c) The board of directors shall make recommendations to the City Council
concerning the administration of the Zone. It shall prepare and adopt a
project plan and reinvestment zone financing plan for the Zone and must
submit such plans to the City Council for its approval. The board of
directors shall possess all powers necessary to prepare, implement and
monitor such project plans for the reinvestment zone as the City Council
considers advisable, including the submission of an annual report on the
status of the Zone.
Section 5. That the Zone shall take effect on January 1, 1999, and that the
termination of the Zone shall occur on December 31, 2030, or at an earlier time
designated by subsequent ordinance of the City Council in the event the City determines
that the Zone should be terminated due to insufficient private investment, accelerated
private investment or other good cause, or at such time as all project costs and tax
increment bonds, if any, and the interest thereon, have been paid in full.
Section 6. That the Tax Increment Base for the Zone, which is the total
appraised value of all taxable real property located in the Zone, is to be determined as of
January 1, 1998, the year in which the Zone was designated a reinvestment zone.
Section 7. That there is hereby created and established a Tax Increment Fund
for the Zone which may be divided into such subaccounts as may be authorized by
subsequent resolution or ordinance, into which all Tax Increments, less any of the
amounts not required to be paid into the Tax Increment Fund pursuant to the Act, are to
be deposited. The Tax Increment Fund and any subaccounts are to be maintained in an
account at the City Treasurer's affiliated depository bank of the City and shall be secured
in the manner prescribed by law of Texas cities. In addition, all revenues from the sale of
any tax increment bonds and notes hereafter issued by the City, revenues from the sale
of any property acquired as part of the tax increment financing plan and other revenues to
be dedicated to and used in the Zone shall be deposited into such fund or subaccount
from which money will be disbursed to pay project costs for the Zone or to satisfy the
claims of holders of tax increment bonds or notes issued for the Zone.
Section 8. That if any section, paragraph, clause or provision of this ordinance
shall for any reason be held to be invalid or unenforceable, the invalidity or
unenforceability of such section, paragraph, clause or provision shall not affect any of the
remaining provisions of this ordinance.
Section 9. The fact that the present ordinances and regulations of the City of
Grapevine, Texas are inadequate to properly safeguard the health, safety, morals, peace
and general welfare of the inhabitants of the City of Grapevine, Texas, creates an
emergency for the immediate preservation of the public business, property, health, safety
and general welfare of the public which requires that this ordinance shall become
effective from and after the date of its passage, and it is accordingly so ordained.
ORD. NO. 98-140 4
PASSED AND APPROVED BY THE CITY ' COUNCIL OF THE CITY OF
GRAPEVINE, TEXAS on this the 8th day of December, 1998.
ATTEST:
Gndp( Huff
City Secretary
APPROVED AS TO FORM:
Boyle, ' John F. y , Jr.
City Attorney
ORD. NO. 98-140
APPROVED:
William D. Tate
Mayor
0
A
eXHINT TO
DESCRIPTION 17
OF
TIF DISTRICT BOUNDARY
BEING A 121.817 ACRE TRACT OF LAND SITUATED IN THE G.F. MARTIN SURVEY,
A-1003, A. ANDERSON SURVEY, A-26, W.P. HERRING SURVEY, A-664, W.K. PAYNE
SURVEY, A- 1211, SAMUEL FREEMAN SURVEY, A-526, A.F. LEONARD SURVEY, A-
946, T. MAHAN SURVEY, A-1050, CITY OF GRAPEVINE, TARRANT COUNTY, TEXAS
AND BEING ALL OF A 52.254 ACRE TRACT OF LAND DESCRIBED IN DEED TO BAJA
DEVELOPMENT CORPORATION RECORDED IN VOLUME 11236, PAGE 937 OF THE
DEED RECORDS OF TARRANT COUNTY, TEXAS (D.R.T.C.T.), ALL OF A 20.566 ACRE
TRACT CONVEYED TO GRAPEVINE-COLLEYVILLE INDEPENDENT SCHOOL
DISTRICT BY DEED RECORDED UNDER COUNTY CLERK'S FILE NO. Dl 98190528
D.R.T.C.T., AND BEING A PORTION OF THE FOLLOWING TRACTS OF LAND: THE
UNITED STATES OF AMERICA CORPS OF ENGINEERS TRACT NO. A-2A RECORDED
IN VOLUME 2026, PAGE 163 D.R.T.C.T., A 28.6448 ACRE TRACT OF LAND
CONVEYED TO R. TED ENLOE BY DEED RECORDED IN VOLUME 6948, PAGE 1618
D.R.T.C.T., THE RIGHT-OF-WAY OF STATE HIGHWAY NO. 26, A 29.896 ACRE TRACT
CONVEYED TO ROBERT W. BRUNSON AND KATHLEEN A. BRUNSON BY DEED
RECORDED IN VOLUME 11114, PAGE 1113 D.R.T.C.T., LOT 8, WATSON ADDITION AS
RECORDED IN VOL. 388-9, PAGE 55 D.R.T.C.T., LOT 7, WATSON ADDITION
CONVEYED TO JIMMY DEAN GREMMINGER BY DEED RECORDED UNDER COUNTY
CLERK'S FILE NO. D 197177651 D.R.T.C.T., A 0.991 ACRES TRACT DESCRIBED IN
AFFIDAVIT RECORDED UNDER COUNTY CLERKS FILE NO. D 198253252 D.R.T.C.T.,
A 463.63 SQUARE FOOT TRACT OF LAND CONVEYED TO THE STATE OF TEXAS BY
DEED RECORDED UNDER COUNTY CLERK'S FILE NO. DI 97099180 D.R.T.C.T.,
TRACT 5 CONVEYED TO TRINITY/TARRANT PARTNERS, LTD BY DEED RECORDED
UNDER COUNTY CLERK'S FILE NO. D197128889 D.R.T.C.T., TURNER ROAD RIGHT-
OF-WAY, LOT 1, BLOCK I COBBLESTONE VILLAGE ADDITION DESCRIBED IN DEED
RECORDED IN VOLUME 0166, PAGE 51 D.R.T.C.T., TRACT 2 CONVEYED TO
CATHERINE VERBURG BY DEED RECORDED IN VOLUME 11393, PAGE 0691,
D.R.T.C.T., TRACT A CONVEYED TO CAPITOL CONCEPTS PROPERTIES 82-2 BY
DEED RECORDED IN VOLUME 83016, PAGE 2529 D.R.T.C.T., WILDWOOD LANE, A
0.288 ACRE TRACT CONVEYED TO RICHARD E. WALTHER AND WIFE VIOLA E.
WALTHER BY DEED RECORDED IN VOLUME 8287, PAGE 823 D.R.T.C.T., THE
UNITED STATES OF AMERICA CORPS OF ENGINEERS TRACT NO. A-20 RECORDED
IN VOLUME 2397, PAGE 121 D.R.T.C.T. AND THE UNITED STATES OF AMERICA
CORPS OF ENGINEERS TRACT NO. A-22A RECORDED IN VOLUME 2296, PAGE 472
D.R.T.C.T.. BEARINGS ARE NAD-83 GRID, TEXAS NORTH CENTRAL ZONE, BASED
ON GPS OBSERVATIONS OF THE CITY OF GRAPEVINE HORIZONTAL CONTROL
MONUMENTS NO. 1, NO. 2, NO. 5 AND NO. 7. SAID 121.817 ACRE TRACT BEING
MORE PARTICULARLY DESCRIBED BY METES AND BOUNDS AS FOLLOWS:
PAGE I OF 7
1:\SUR\98220901\SDATA\TIF.FNS
December 2, 1998
BEGINNING AT CORPS MONUMENT W/ BRASS CAP STAMPED "A 54-1963" FOUND
MARKING THE NORTHWESTERLY INTERIOR CORNER OF SAID 52.254 ACRE
TRACT, COMMON WITH AN EXTERIOR CORNER OF SAID CORPS TRACT NO. A-2A
AND BEING ON THE APPROXIMATE WEST LINE OF THE SAID G.F. MARTIN
SURVEY, COMMON WITH THE EAST LINE OF THE SAID SAMUEL FREEMAN
SURVEY;
THENCE WITH THE COMMON LINES OF SAID 52.254 ACRE TRACT AND SAID TRACT
NO. A-2A THE FOLLOWING CALLS:
N 00°29'53" W, A DISTANCE OF 574.09 FEET TO A POINT FOR CORNER;
N 28031'45" E, A DISTANCE OF 115.85 FEET TO A POINT FOR CORNER;
N 76037'11" E, A DISTANCE OF 168.68 FEET TO A 1/2" IRON ROD FOUND;
S 01 °26'40" E, A DISTANCE OF 468.47 FEET TO A CORPS MONUMENT W/PK
NAIL FOUND;
N 8904323" E, A DISTANCE OF 303.81 FEET TO A CORPS MONUMENT W/
BRASS CAP STAMPED "A 49-1963" FOUND;
THENCE S 13 04255" E, CROSSING SAID TRACT NO. A-2A, A DISTANCE OF 1399.88
FEET TO A CORPS MONUMENT W/ BRASS CAP STAMPED "A 46-1963" FOUND;
THENCE CROSSING SAID CORPS TRACT NO. A-2A AND SAID 28.6448 ACRE TRACT
THE FOLLOWING CALLS:
S 01 °45'51" W, A DISTANCE OF 950.24 FEET TO A POINT FOR CORNER;
S 36054'57" E, A DISTANCE OF 655.56 FEET TO A POINT FOR CORNER;
S 11 °47'23" W, A DISTANCE OF 128.35 FEET TO A POINT FOR CORNER;
S 13 02458" E, A DISTANCE OF 537.43 FEET TO A POINT FOR CORNER;
S 34007'00" E, A DISTANCE OF 243.33 FEET TO A POINT FOR CORNER;
ALONG A CURVE TO THE RIGHT HAVING A RADIUS OF 600.00 FEET, A
DELTA ANGLE OF 34043'12", A LONG CHORD THAT BEARS S 17°56'33" E, A
DISTANCE OF 358.05 FEET, AN ARC DISTANCE OF 363.59 FEET TO A POINT
FOR CORNER;
PAGE 2 OF 7
I AS UM9 8 22 090 2 WATAMUN S
December2, 1998 EXHIBIT.. TO
Page of ..:�._...._
S 00034'55" E, A DISTANCE OF 221.43 FEET TO A POINT FOR CORNER;
ALONG A CURVE TO THE LEFT HAVING A RADIUS OF 550.00 FEET, A DELTA
ANGLE OF 46-5I'l7", A LONG CHORD THAT BEARS S 24°00'34" E, A
DISTANCE OF 437.34 FEET, AN ARC DISTANCE OF 449.77 FEET TO A POINT
FOR CORNER;
S 47 02603" E, A DISTANCE OF 48.94 FEET TO A POINT FOR CORNER IN THE
EXISTING RIGHT-OF-WAY OF STATE HIGHWAY NO.26;
THENCE ON OVER AND ACROSS SAID STATE HIGHWAY NO.26 THE FOLLOWING
CALLS:
N 42021'05" E, A DISTANCE OF 672.90 FEET TO A POINT FOR CORNER FROM
WHICH A 112" CAPPED IRON ROD FOUND MARKED RLG BEARS N 37°21' W
23.1 FEET;
S 47040'50" E, A DISTANCE OF 101.38 FEET TO A POINT FOR CORNER ON THE
SOUTHEAST SIDE OF STATE HIGHWAY NO.26;
S 42°25'57" W, A DISTANCE OF 1391.77 FEET TO A POINT FOR CORNER ON
THE SOUTHEAST SIDE OF STATE HIGHWAY NO.26;
N 47°39'07" W, A DISTANCE OF 99.41 FEET TO A POINT FOR CORNER FROM
WHICH A 1l2"CAPPED IRON ROD FOUND MARKED RLG BEARS N 04°32' W
31.6 FEET;
N 42021'05" E, A DISTANCE OF 618.81 FEET TO A POINT FOR CORNER;
THENCE CROSSING SAID 28.6448 ACRE TRACT AND SAID CORPS TRACT NO. A-2A
THE FOLLOWING CALLS:
N 47°25'37" W, A DISTANCE OF 49.31 FEET TO A POINT FOR CORNER;
ALONG A CURVE TO THE RIGHT HAVING A RADIUS OF 650.00 FEET, A
DELTA ANGLE OF 46051'14", A LONG CHORD THAT BEARS N 24-00-35" W, A
DISTANCE OF 516.85 FEET, AN ARC DISTANCE OF 531.54 FEET TO A POINT
FOR CORNER;
N 00°34'56" W, A DISTANCE OF 221.43 FEET TO A POINT FOR CORNER;
PAGE 3 OF 7
1ASUM98220901WATA\T UNS EXHIBIT TO A,0/4� 9-1 O
Dcccmber2, 2998 Page
Of —�Z—._.
ALONG A CURVE TO THE LEFT HAVING A RADIUS OF 500.00 FEET, A DELTA
ANGLE OF 34043'l5% A LONG CHORD THAT BEARS N I7°56'31" W, A
DISTANCE OF 29 8.3 8 FEET, AN ARC DISTANCE OF 303.00 FEET TO A POINT
FOR CORNER;
N 34048'02" W, A DISTANCE OF 220.63 FEET TO A POINT FOR CORNER;
N 28038'12" W, A DISTANCE OF 379.27 FEET TO A POINT FOR CORNER;
N 41 °59'57" W, A DISTANCE OF 744.79 FEET TO A POINT FOR CORNER;
S 48°00'02" W, A DISTANCE OF 672.45 FEET TO A POINT FOR CORNER;
THENCE S 00031'49" E, ALSO CROSSING SAID 29.896 ACRE TRACT, A DISTANCE OF
3114.08 FEET A TO A POINT FOR CORNER IN STATE HIGHWAY NO.26;
THENCE ALONG A CURVE TO THE RIGHT HAVING A RADIUS OF 2149.19 FEET, A
DELTA ANGLE OF 23 043'36", A LONG CHORD THAT BEARS S 76°21'54" W, A
DISTANCE OF 883.66 FEET, AN ARC DISTANCE OF 890.00 FEET TO A TO A POINT
FOR CORNER IN STATE HIGHWAY NO.26;
THENCE S 89023'59" W, A DISTANCE OF 5295.16 FEET A TO A POINT FOR CORNER IN
STATE HIGHWAY NO.26;
THENCE N 00026'54" W, DEPARTING SAID HIGHWAY, A DISTANCE OF 347.33 FEET
TO A "X" CUT FOUND MARKING AN INTERIOR CORNER OF SAID 20.566 ACRE
SCHOOL DISTRICT TRACT;
THENCE WITH THE PERIMETER OF SAID 20.566 ACRE SCHOOL DISTRICT TRACT
THE FOLLOWING CALLS:
N 89037'45" W, COMMON WITH THE NORTH LINE OF LOT 1, BLOCK 1,
DEAN/DAVIS ADDITION RECORDED IN CABINET A, SLIDE 1560 OF THE PLAT
RECORDS OF TARRANT COUNTY, TEXAS (P.R.T.C.T.), A DISTANCE OF 162.71
FEET TO A 1/2" IRON ROD FOUND;
S 00°28'17" E, CONTINUING WITH SAID LOT 1, A DISTANCE OF 3293 FEET TO
A "X" CUT FOUND;
N 89037'15" W, CONTINUING WITH SAID LOT 1 A DISTANCE OF 232.96 FEET
TO A 3/4" IRON ROD FOUND;
PAGE 4OF 7 EXHIBIT-. TO IA,- 49-A` )
Page ��' of 17
December 2, I998
S 04027'36" E. CONTINUING WITH SAID LOT 1 A DISTANCE OF 64.08 FEET TO
A "X" CUT FOUND;
N 56°50'58" W, COMMON WITH THE EASTERLY LINE OF THE W.C. LUCAS
ADDITION AS RECORDED IN VOLUME 388-I, PAGE 81 P.R.T.C.T., A DISTANCE
OF 223.21 FEET TO A 1/2" IRON ROD FOUND;
N 00°47'04" W, CONTINUING WITH SAID LUCAS ADDITION, A DISTANCE OF
760.42 FEET TO A 5/8" IRON ROD FOUND IN SOUTH LINE OF HILLTOP DRIVE;
N 89°17'22" E, ALONG HILLTOP DRIVE, A DISTANCE OF 50.00 FEET TO A 5/8"
IRON ROD FOUND;
N 00°47'46" W, ALONG HILLTOP DRIVE A DISTANCE OF 112.55 FEET TO A 1/2"
IRON ROD FOUND;
N 89°39'54" E, ALONG HILLTOP DRIVE A DISTANCE OF 100.03 FEET A TO A
POINT FOR CORNER;
N 00°58'54" W, ALONG HILLTOP DRIVE A DISTANCE OF 25.74 FEET A TO A
POINT FOR CORNER IN THE SOUTH LINE OF GRAPEVINE HILLTOP
APARTMENTS, LTD., AS RECORDED IN VOLUME 5319, PAGE 257 D.R.T.C.T.;
N 89-11'14" E, A DISTANCE OF 569.27 FEET TO A P.K. NAIL FOUND MARKING
THE MOST NORTHERLY NORTHEAST CORNER OF SAID SCHOOL DISTRICT
20.566 ACRE TRACT, COMMON WITH AN INTERIOR CORNER OF A 17.113
ACRE TRACT CONVEYED TO JOHN W. VILBIG, III BY DEED RECORDED IN
VOLUME 5219, PAGE 277 D.R.T.C.T.;
S 00030'07" E, A DISTANCE OF 203.51 FEET A TO A POINT FOR CORNER,
COMMON WITH THE SOUTHWEST CORNER OF A 0.954 ACRE TRACT
CONVEYED TO MARY F. LABRECK BY DEED RECORDED IN VOLUME 4365,
PAGE 732 D.R.T.C.T.;
N 89 ° 16'26" E, ALONG SOUTH LINE OF SAID 0.954 ACRE TRACT, A DISTANCE
OF 211.83 FEET A TO A POINT FOR THE NORTHWEST CORNER OF LOT 1,
BLOCK 1, THE STOREHOUSE ADDITION AS RECORDED IN VOLUME 388-153,
PAGE 89 P.R.T.C.T.;
S 00°40'10" E, ALONG THE WEST LINE OF SAID LOT 1, A DISTANCE OF 193.83
FEET A TO A POINT FOR CORNER;
PAGE 5 OF 7
1:\S UR\98220901 \SDATA\TIF.FNS
Dcccmbcr 2, 1998
EXHIBI T —j— 14
Page • 6- of
S 89°41'05" E, ALONG THE SOUTH LINE OF SAID LOT 1, A DISTANCE OF
372.80 FEET TO A CAPPED IRON ROD FOUND MARKED AREA;
S 00° 18'32" E, A DISTANCE OF 133.58 FEET TO A CAPPED IRON ROD MARKED
LINDES FOUND MARKING THE NORTHEAST CORNER OF LOT 8, SAID
WATSON ADDITION;
THENCE S 00020'27" E, DEPARTING SAID SCHOOL DISTRICT TRACT AND ALONG
THE EAST LINE OF SAID LOT 8, A DISTANCE OF 280.99 FEET TO A CAPPED IRON
ROD MARKED LINDES FOUND MARKING THE NORTHEAST CORNER OF LOT 7,
WATSON ADDITION;
THENCE S 00022'21" E, ALONG THE EAST LINE OF SAID LOT 7 AND THE EAST LINE
OF SAID 0.991 ACRE TRACT, A DISTANCE OF 170.83 FEET A TO A POINT FOR
CORNER;
THENCE S 88059'06" W, ALONG THE SOUTH LINE OF SAID 0.991 ACRE TRACT,
COMMON WITH THE NORTH LINE OF LOT 1, BLOCK A, BILL MASSY FURNITURE
CO., INC. ADDITION AS RECORDED IN VOLUME 388-158, PAGE 11 P.R.T.C.T., A
DISTANCE OF 368.51 FEET TO A 5/8" IRON ROD FOUND MARKING THE SOUTHWEST
CORNER OF SAID 0.991 ACRE TRACT AND BEING IN THE EAST LINE OF THE GROUP
W CABLE ADDITION AS RECORDED IN VOLUME 399-205, PAGE 62 P.R.T.C.T.;
THENCE N 00052'03" W, ALONG COMMON LINE OF SAID CABLE ADDITION AND
SAID 0.991 ACRE TRACT, A DISTANCE OF 37.53 FEET TO A 1/2" IRON ROD FOUND
MARKING A SOUTHEAST CORNER OF SAID SCHOOL DISTRICT TRACT;
THENCE S 89008'55" W, ALONG COMMON LINE OF SAID CABLE ADDITION AND
SAID SCHOOL DISTRICT TRACT, A DISTANCE OF 302.64 FEET TO A 1/2" IRON ROD
FOUND MARK `NG THE NORTHWEST CORNER OF SAID CABLE ADDITION AND
BEING AN INTERIOR CORNER OF SAID SCHOOL DISTRICT TRACT;
THENCE S 00027'52" E, ALONG THE WEST LINE OF SAID CABLE ADDITION,
COMMON WITH AN EAST LINE OF SAID SCHOOL DISTRICT TRACT, A DISTANCE OF
325.97 FEET TO A POINT IN STATE HIGHWAY NO.26;
THENCE N 89023'59" E, A DISTANCE OF 5245.15 FEET TO A POINT IN STATE
HIGHWAY NO.26;
THENCE ALONG A CURVE TO THE LEFT HAVING A RADIUS OF 2148.19 FEET, A
DELTA ANGLE OF 20049'45", A LONG CHORD THAT BEARS N 77°48'47" E, A
DISTANCE OF 776.66 FEET, AN ARC DISTANCE OF 780.95 FEET TO A TO A POINT
FOR CORNER IN STATE HIGHWAY NO.26;
PAGE 6OF 7 EX iISI I -L TO
IASUR198220901\.SDATAITIF.FNS Pare of 7
Deccmber 2, 1998
THENCE N 00 '31-49" W, CROSSING SAID 463.63 SQUARE FOOT TRACT, SAID
TRINITY/TARRANT PARTNERS, LTD. TRACT 5, TURNER ROAD, SAID LOT 1, BLOCK
1, COBBLESTONE VILLAGE ADDITION,
SAID CATHERM VERBURG TRACT 2, SAID
WILDWOOD LANE, SAID 0.288 ACRE TRACT AND SAID CORPS TRACT NO. A-20, A
DISTANCE OF 3720.54 FEET TO A POINT FOR CORNER;
THENCE N 32008'40" W, A DISTANCE OF 145.44 FEET TO A 5/8" IRON ROD FOUND AT
A POINT OF TANGENT IN THE SOUTHWESTERLY LINE OF SAID 52.254 ACRE
TRACT;
THENCE N 39032'14" W, WITH SAID SOUTHWESTERLY LINE, A DISTANCE OF 580.42
FEET TO A 5/8" IRON ROD FOUND FOR A WEST CORNER OF SAID 52.254 ACRE
TRACT;
THENCE N 03 037'50" E, ALONG THE WEST LINE OF SAID 52.254 ACRE TRACT, A
DISTANCE OF 309.48 FEET TO A POINT FOR CORNER;
THENCE N 21019'56" W, CROSSING SAID CORPS TRACT NO. A-22A, A DISTANCE OF
259.51 FEET TO A POINT FOR CORNER;
THENCE N 02029'54" W, CROSSING SAID CORPS TRACT NO. A-22A, A DISTANCE OF
1156.92 FEET TO A POINT FOR CORNER; ,
THENCE N 85 056'37" E, A DISTANCE OF 503.69 FEET TO THE POINT OF BEGINNING,
AND CONTAINING 121.817 ACRES OF LAND, MORE OR LESS.
DATE OF SURVEY: SEPTEMBER-NOVEMBER 1998
a
fwsN'r�*
. su -�i'
PAGE 7 OF 7
MSM98220901WATAMUNS
Decc.mbcr2,1993 EXHIBIT -L T0 b el-
g
17
EXHIBIT B W.I, SCXE
CALLED 20S64 ACRES
LIw"EYtE totLETYLtE
1 ECEPENOENT SCHOOL DrSTF4CT tA) lcs so SCALE
L CL DAT.C.T.
WX-LUCAS AoaTCN COURSE TABLE COURSE TABLE
PLAT RECORD VOL. 38b-1<PO.81
PAT.C.T. j
LINE No. BEARING DISTANCE LINE No. BEARING DISTANCE
She
00'29'53'W 574.09' 30 N 89'37'15'W 232.96'
2 N 28'31'45'E 45.85' 31 S 04'27'36'E 64.08'
1 L35 ulnrvtMT}, tra I
L29 L36 YtS. r�K2sI 3 N 76'37'U'E 168.68, 32 N 56'50158'W 223.21'
Kr°kYc°4O4° 127 437 i 4 S 01'26'40'E 468.47' 33 N 00'47'04•W 760.42'
1 5 N 89'43'23'E 303.81' 34 N 89'17'22'E 50.00,
Lag-- uy ° 6 S 13"42'551E 1399.88, 35 N 00'47'46'W 02.55'
tAttte nil sacs
L" 7 S 01'45'51'W 950.24' 36 N 89'39'54'£ 100.03,
i++ lr`o`sTr"c a " Y�"a sin°5lri , 8 S 36'54'S7'£ 655.56' 37 N 00'58'54'W 25.74'
ra.rc. -Y sets 9 S U'47'23'W 128.35' 38 N 89.1194'E 569.27'
r
f + { 10 S 13'24'58"E 39 S 00"30'07'E 203.51' ,
11 S 34-07.00-E 243.33' 40 N 89'16'26'E 21483' -
ter Lai 12 S 00'J4'S5'E 221.43' 41 S 00'401101E 193.83' xt ruxr Y0..1LI rare
o.�ru. g^
n, 3 Lta it° 13 S 47"26'03'£ 48.94' i 42 S 84'4I'05'£ 372.80'
mr. •Atsa conic+ M.W-14 Kn 14 N 42'21'05'E 672.90' 8_''- 43 S 00'18'32'E t33.58'
%-. 3.4 KSS IA.i,t,l.
j IArrr. _ IS S 47'40'50'E 101.38' 14- 44 S 00'20'27'E 280.99"
«a r"I'mu{K 16 S 42'25'57'W 1391.77' :jj2 45 S 00'22'21'E 170.83,
L- M,c, ar•Arxs 17 N 47"39'07•W 99.41' 46 S 88'591061W 368.SI'
MLL„A, K scl%,,-.cs A
�j Bnu LWk•. % r mesas 18 N 42'21'05'E 618.81, 1 47 N 00'52'03'W 37.53'
onlrsltst
19 N 47'25'37'W 49.31' j 48 S B9"OB'S5'W 302.64'
I `4 20 N 00'34'56'W 221.43' - 49 S 00'27'52'E 325.9T'
=j- 21 N 34'48'02'W 220.63' I 50 N 89'23'S9'E 5245.15'
22 N 28'38'12'W 379.27' 51 N 00'31.49'W 3720.54'
I 23 N 41'59'57'W 744.79' ! 52 N 32'08'40'W 145.44'
i 24 S 4B'Od'02'W b72.45' 53 N 39'32'14'W 580.42,
25 S 00'31'49'E 3114.08, - 54 N 03'37'SO'E 309.48'
j 26 S 89'23'59'W 5295.16' I 55 N 21'19'56'W 259.51'
27 N 00'26'54•W 347.33" 56 N 02'29'54'E 456.92'
1 28 N 89.37'45'W 162.71' 57 N 85'56'37'E 503.69,
29 S 00'28'17'E 32.93' I
i � ar. n aurcv*c
C � T.rM+rR tGtrtT, r�.a2
L 1
CURVE TABLE
CURVE No. RADIUS ARC LENGTH DELTA CHORD CHORD BEARING
1 2: AflMS CALD r rt 1 600.00, 363.59' 34"43'12' 358.05' S 17'56'33'E
I
r°.cr s 2 550.00' 449.77' j 46'51'17' 437.34' S 24'00'34'E
E11A.rrCc -- t.ATACIK.tra
ccA.x•vsr:AA+s 3 650.40' S3l.54' 46'51`14' 516.85' N 24'00`35"W
acrtT.
4 500.00' 303.00' i 34'43'15' 298.38' N i7'56'31'W
4 " ca"tnrc VtAML o 5 2149.19' 890.00, - 23*431361 883.66' S 76'21'54'W
urrlT+ax 6 2148.19' 780.95' : 20'49'45" 776.56' N 77'48'47'E
gsj,
Q_ CALLED A,lss wx IW4
CALLED e3N AcKs KdC°r lrw r4 vw
TUCT Yr r.,•er.t L1. IL. TWO SEARS v AWOL,
�. V Mft YgtA LYALrKR i YCA,. RS.K Ct1 j cw" a L-Owms
• `- `� CE s CALLED i.. M. "M.ri..us eArtT. COACT IArL . a•t n
f 1 a c: to Ara x arc rrp 1 154J455 l58
:..
C53 s¢ 6 Mani uis , usito STATts v +uc uu FQC�T OF
1 7 rg1..SEA r..ISt% GOrr'S W t,A7(t l% (il
h
CALL0 I'l,tiIlk,Isl GATtT. `\ rlutI b .n Sr��BuCiN: fIIVC
$" t- or Itw�a'T. 1 � ---Lsi' 11 \ Y0...eS.t I m � � A.r.I IMP .Snl. r 31M.S)ij.C�u in r Er sIns,
rAE v." sy� cr
w.rx.r r....-................�.. �. °'..�;: °:. �.. 1�.. �.. LI
�� BA,lA OEY£L0PE3ENT CORD -» ••�•~ {� � Aar°an w ii'
RLM( WALL st.--/ L26 ,7 _ \, CALLED $2'.254 AM TRACT
j CALM MI � Aats >' 1 � � VOL.1236.PO.093T ••`•'�
j..rKaX
e,.rnw
I
DnriT.
1
I
i
j
i
r
•i95
Ya.. 7gri.KK7 Ti AREA Y E2Lb"�'..'C'S
I
tMiC1 w Qlr j �� j u�
tut.Lr.
�,,.• -
}'= �,,
j �•
Lt
iMT[D starts bt AAiLhtt
cD"rs a OCYCLK
`�
r.
COACT (f
Yn- left Y it
Lllr.Li. I
t .-Lt2 {i Trt I Ca. .A
L13 j
WTM STATtt 01 AMCMA
tars a OuctAS
(T°ACr -1.7U
O.A.I,1:.I+ K7
iS-0 w0[
Y' txltD rL"„ e Sutr
v w «:x s a�TLAI
COACT wA-1.
m o.Sori ra Kl
°.r t.
C Cs�a7DdaK TIF DISTRICT BOUNDARY EXHIBIT
=' CITY OF GRAPEVINE
TARRANT COUNTY, TEXAS
EXHIBIT A TO '
Page qp /
F'•1« p ..W_�_ I MTY YAw'.Y� I