HomeMy WebLinkAbout1997-2290 - Ordinance - 12/11/1997ORDINANCE NO. 2290
AN ORDINANCE DESIGNATING THE WOLF PEN CREEK CORRIDOR IN COLLEGE
STATION, TEXAS, AS REINVESTMENT ZONE NO. 7, CITY OF COLLEGE STATION,
TEXAS, ENUMERATING THE QUALIFYING CRITERIA, ADOPTING A PRELIMINARY
DEVELOPMENT AND FINANCING PLAN, ESTABLISHING A BOARD OF DIRECTORS
FOR SUCH ZONE, AND OTHER MATTERS RELATING THERETO; PROVIDING FOR A
SEVERABILITY CLAUSE AND AN OPEN MEETINGS CLAUSE.
WHEREAS, the City of College Station gave notice on the 3rd day of October, 1997, to the tax-
ing units, College Station Independent School District and Brazos County, of its intent to
consider the implementation of a tax increment financing district, a reinvestment zone, in the
area of the Wolf Pen Creek Corridor; and provided more than sixty (60) days notice of a meeting
to be held on December 11, 1997 at the City of College Station;
WHEREAS, on October 6, 1997, the College Station City Council directed staff to meet with
designated representatives from the College Station Independent School District and Brazos
County and these meetings took place to discuss the implementation of Reinvestment Zone No.
7;
WHEREAS, on November 4, 1997, the voters of the City of College Station passed a referendum
authorizing the City of College Station to proceed with the construction of a conference center;
WHEREAS, on November 14, 1997, representatives of the City of College Station met with
designated representatives from the College Station Independent School District and Brazos
County and these meetings took place to discuss the implementation of Reinvestment Zone No.
7;
WHEREAS, on November 17, 1997, City staffmade a formal presentation to the College Station
Independent School District Board of Trustees concerning the reinvestment zone. The presenta-
tion included a description of the proposed boundaries of the zone, the tentative plans for the
development or redevelopment of the zone, and an estimate of the general impact of the proposed
zone on property values and tax venues. The Board of Trustees unanimously approved participa-
tion in the reinvestment zone;
WHEREAS, on November 18, 1997, City staff made a formal presentation to the Brazos County
Commissioners Court concerning the reinvestment zone. The presentation included a description
of the proposed boundaries of the zone, the tentative plans for the development or redevelopment
of the zone, and an estimate of the general impact on property values and tax revenues;
WHEREAS, on December 1, 1997, notice of a public hearing to be held on December 11, 1997
was published in the Bryan-College Station Eagle, said notice being attached hereto as Exhibit
WHEREAS, a public hearing was held before the College Station City Council on the 1 lth day
of December, 1997, at 7:00 p.m. at the regular meeting of the Council;
WHEREAS, upon such public hearing being convened, there was presented proof and evidence
that notice of such hearing had been published and had been mailed as described above;
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ORDINANCE NO. 2290 Page 2
WHEREAS, the City Council at such hearing invited any interested person 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 boundary survey attached hereto
as Exhibit "D" and depicted in the diagram attached hereto as Exhibit "E", should be included in
such proposed reinvestment zone, the concept of tax increment financing, and the creation of a
board of directors for the proposed reinvestment zone;
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 heating to
protest the creation of the proposed reinvestment zone or the inclusion of their property in such
reinvestment zone;
WHEREAS, the City staff presented the preliminary financing and development plan for the
proposed reinvestment zone attached hereto as Exhibits "B" and "C"; and
WHEREAS, the proponents of the reinvestment zone offered evidence, both oral and documen-
tary, in favor of the foregoing matters relating to the creation of the reinvestment zone;
NOW, THEREFORE, BE IT ORDAINED by the City Council of the City of College Station,
Texas, that:
The facts and recitations contained in the preamble of this ordinance are hereby found and
declared to be true and correct.
II.
The City, at~er conducting such hearing and having heard such evidence and testimony and
considering the preliminary project and financing plan, has made the following findings and
determination, based upon the evidence and testimony presented to it:
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 mailed to all taxing units overlapping the territory inside the proposed reinvestment
zone.
CJ
Do
That the City has jurisdiction to hold and conduct this public hearing on the creation of
the proposed reinvestment zone pursuant to the Tax Increment Financing Act.
That creation of the proposed zone with boundaries as described in Exhibit "D" will result
in benefits to the City, its residents and property owners, and to the property, residents
and property owners in the reinvestment zone.
That the reinvestment zone as described in Exhibit "D" meets the criteria for the creation
of a reinvestment zone as set forth in the Texas Tax Increment Financing Act (Chapter
311 et. seq., ~x. 'r^x COD~. ^~n~. [Vernon 1997]) in that:
(1)
It is a contiguous geographic area located wholly within the corporate limits of the
City.
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ORDINANCE NO. 2290 Page 3
(2)
(3)
(4)
(5)
(6)
(7)
As required by the Act, not more than ten percent (10%) of the property in the
zone is used for residential purposes.
The total appraised value of al I taxable real property in the zone according to the
most recent appraisal rolls of the City, together with the total appraised value of
the taxable real property and al I other taxing existing reinvestment zones within
the City, according to the most recent appraisal rolls of the City, does not exceed
fifteen percent (15%) of the current total appraised value of the taxable real prop-
erty in the City.
Improvements in the reinvestment zone will enhance significantly the value of all
taxable real property in the reinvestrnent zone.
That a preliminary project plan and a financing plan have been developed and are
attached hereto as Exhibit "B" and Exhibit "C". Such preliminary project and
financing plans would be the basis for the master plan for the final financing and
development plans for the reinvestment zone and shall assist the staff and board of
directors in implementing a successful reinvestment zone.
On November 6, 1997, Davis T. McGill petitioned the City Council of College
Station that the area described in Exhibit "D" be designated as a reinvestment
zone. Please see Exhibit "F" for said petition. Davis T. McGill is the prot~n~y..
owner of more than fifty percent (50%) of the appraised value of the property m
the proposed reinvestment zone. Therefore, Reinvestment Zone No. 7 is hereby
established by owner petition pursuant to Section 311.005 (a) (5) of the Tax
Increment Financing Act.
That the following Council Members were present and considered the ordinance
on December I l, 1997.
Lynn Mcllhaney, Ma,¥or
Larry Mariott
Steve Esmond David Hickson
Hubbard Kennady Mayor Pro Tem Dick Birdwell
Swiki Anderson
III.
That the City hereby creates a reinvestment zone over the area described by the boundary survey
in Exhibit "D" attached hereto and such reinvestment zone shall be based on the preliminary
project and financing plans. This zone shall hereafter be identified as Reinvestment Zone No. 7,
City of College Station, Texas (the "Zone").
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ORDINANCE NO. 2290 Page 4
IV.
The Board of Directors for the Zone shall consist of nine (9) member directors. The City Council
of the City of College Station shall appoint five (5) members who shall meet the eligibility
requirements as set forth in the Act to serve on the Board of Directors. The School District shall
appoint one (I) member who shall meet the eligibility requirements set forth in the Act to serve
on the Board of Directors. The Brazes County Commissioners Court shall appoint one (1)
member who shall meet the eligibility requirements as set forth in the Act to serve as a member
of the Board of Directors. The member of the state senate in whose district the zone is located or
his designee is also a member of the board. The member of the state house of representatives in
whose district the zone is located or his designee is also a member of the board. The School
District member, the Brazes County Commissioners Court member, the member of the state
senate or his designee, the member of the state house of representatives or his designee, and three
(3) members appointed by the City of College Station, shall serve an initial two (2) year term
while the other two (2) appointed by the City of College Station shall serve initial one (1) year
terms. All subsequent appointments will be made for two (2) staggered terms or until a
successor director may be appointed thereafter. The City Council shall designate one (1) member
to serve as Chairman of the Board of Directors for the year ending December 31, 1998, and each
year thereafter, and authorizes the Board to elect from its members a Vice-Chairman and other
officers as it sees fit. The Board shall r~taln all powers pwvided it in the Act.
The Board of Directors shall make recommendations to the City Council concerning the admini-
stration of the Zone and shall prepare and cause to be prepared and adopt a Project Plan based
upon the preliminary Financing and Development Plan~ for the Zone and must submit such plans
to the City Council for its approval. The City hereby delegates to the Board of Directors all
powers necessary to prepare and implement such Project Plan, subject to approval by the City
Council, including the power to direct the staff and employ consultants to assist in the
preparation of the Project Plan and in the issuance of tax increment obligations.
Ve
That operation of the Zone shall commence on January 1, 1998, and that termination of the
operation of the Zone shall occur on December 31, 20117, or at a time designated by subsequent
ordinance or at such time subsequent to the issuance of tax increment bonds as all project costs
and tax increment bonds, and the interest thereon, have been paid in full.
VI.
That the tax increment base for the Zone, which is the total appraised value of all taxable real
property in the reinvestment zone, is to be determined as of January 1, 1998, the year in which
the Zone was designated as a reinvestment zone.
VII.
That there is hereby created and established a Tax Increment Fund for the Zone which may be
divided into such sub-accounts as may be authorized by subsequent ordinances into which all tax
increments are to be deposited. The Tax Increment Fund and any sub-accounts are to be main-
tained at the depository bank of the City and shall be secured in the manner prescribed by law for
Texas cities. The tax increments shall equal the amount of property taxes levied for a year on the
captured and appraised value, that 'is, the amount by which the current appraised value of all
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ORDINANCE NO. 2290 Page 5
taxable real property located in the Zone exceeds its tax increment base less any other funds
which are to be allocated from the tax increments pursuant to the Act. All revenues from the sale
of any tax increment finance bonds and notes hereafter issued by the City may be deposited into
such fund or sub-account 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.
VIII.
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.
IX.
That it is hereby found, determined and declared that a sufficient written notice of the date, hour,
place and subject of the meeting of the City Council of the City of College Station at which this
ordinance was adopted was posted at a place convenient and readily accessible at all times to the
general public at the City Hall of the City of College Station for the time required by law preced-
ing this meeting, as required by the Open Meetings Act, and that this meeting has been open to
the public as required by law, at all times during which this ordinance and the subject matter
hereon has been presented, discussed, considered and finally acted upon. The City Council of the
City of College Station further ratifies, approves and confirms such written notice and the
contents and posting thereof.
That the contents of the notice of public hearing, which hearing was held before the City Council
of the City of College Station on December 11, 1997, and the publication of said notice, is hereby
ratified, approved and confirmed.
PASSED, ADOPTED and APPROVED on this the 1 lth day of December, 1997.
APPROVED:
MclLHANEY, May~
ATTEST:
CONNIE HOOKS, City Secretary
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NOTICE OF PUBLIC i~EARING
The College Station City Council will hold a public hearing to consider an ordinance
designating approximately 15.11 acres consisting of Holleman Place Lot 2 (6.31 acres); a
6.38 acre tract or parcel of land, lying and being situated in the Morgan Rector League,
Abstract No 46, College Station, Brazos County, Texas and being a portion of that 32.28
acre tract conveyed to Sypcon Construction Corporation by Metro Properties Inc., by
deed recorded in volume 435, page 692 of the Deed of Records of-Brazos County, Texas;
and a 2.423 acre tract or parcel of land, lying and being situated in the Morgan Rector
League, Abstract No 46, College Station, Brazos County, Texas, and being comprised of
all that same tract conveyed to Simon Kahan as described by deed recorded in volume
1036 page 437 of the Deed of Records of Brazos County, Texas, and generally located at
the southwest comer of the intersection of Dartmouth Street and Holleman Drive East in
College Station, as Reinvestment Zone #7 for a Tax Increment Financing District as
provided in the Tax Increment F~anc'mg Act. This public heating will discuss the creation
of the zone and its benefits to the municipality and other matters related thereto. At the
hearing an interested person may speak for or against the creation of the zone, its
boundaries, or the concept of tax increment financing.
The hearing will be held in the City Council Chamber at College Station City HaH, located
at 1101 Texas Avenue, College Station, Texas at 7:00 p.m. on Thursday, December 1 lth,
1997.
Any request for sign interpretative services must be made 48 hours before the meeting.
To make arrangements call (409) 764-3547 or {TDD) 1-800 735-2989.
For additional information, please call Todd McDaniel, Senior Economic Development
Analyst, City of College Station Department of Economic and Community Development,
at (409) 764-3753.
EXHIBIT A
TAX INCREMENT FINANCING
REINVESTMENT ZONE NO. 7
WOLF PEN CREEK
OFFICE/HOTEL/CONFERENCE CENTER
Preliminary Project Plan
Preliminary Financing Plan
City of College Station
October 1997
EXHIBIT8 B & C
TAX INCREMENT FINANCING
REINVESTMENT ZONE NO. 7
Preliminary Project Plan
Preliminary Financing Plan
City of College Station
Octobor 1997
REINVESTMENT ZONE NO.7
CITY OF COLLEGE STATION, TEXAS
Wolf Pen Creek
Office/Hotel/Conference Center Project
Introduction
Tax increment financing in the State of Texas is authorized under the Texas Tax Increment
Financing Act of 1981. This Act allows a city to establish a reinvestment zone, "capture"
increased taxes resulting from increased property values and place the revenue generated into a
special fund. These revenues can then be used to finance improvements permitted under the law.
The City of College Station has completed a Request for Proposals process for the development
of a 200+ room full service hotel and 80,000 s.f. office building in conjunction with the City's
devleopment of a 45,000 net square foot conference center. The City proposed to fund the
issuance of debt for the construction and equipping of the conference center facility up to
$6,000,000. The City has proposed to use two primary funding sources for the servicing of this
debt. One source would be the captured value from a Tax Increment Finance Reinvestment Zone
containing the hotel and office building. These fac'dities have been guaranteed by the developer to
carry a value not less than $21,000,000 for the life of the TIF. The other funding source would be
through hotel/motel tax revenues. The City estimates that the hotel will generate approximately
$241,000 in hotel/motel tax revenues annually and has proposed to use $200,000 of those
revenues to service a portion of the debt on the conference center.
As baclcground, the firm of Coopers and Lybrand has conducted a feasibility analysis for both the
marketability of such a facility, as well as operational revenues and expenditures. The results of
the analysis indicate that there is a market for a 37,000 to 45,000 square foot mulit-purpose
fac'dity. The analysis also estimates that the facility would carry an operating deficit of
approximately $57,000 in year one decreasing to $37,000 by year five.
Area Description
The area under consideration as a tax increment reinvestment zone is described in Appendix A.
This area can generally be defined as approximately 15. Il acres at the southwest comer of
Dartmouth and Holleman in College Station, Texas.
The boundaries of the zone are reflected in Exhibit A. Property ownership is identified in
Appendix B.
Proposed Improvements
For purposes of this Reinvestment Zone, TIF revenues will be used for a conference center to be
owned by the City of College Station in the defined area
The City has agreed to contribute up to $6,000,000 for the construction and equipping of the
conference center. A schematic plan for the district is reflected in the following drawing.
Comprehensive Plan
The improvements recommended in this plan are compatible with the uses reflected in the
Comprehensive Plan for the City of College Station. The Comprehensive Plan was adopted in
August 1997.
Zoning
As part of the implementation of this project, zoplng changes will be necessary, These changes
involve rezoning of these properties fi'om the R-5 zoning district and the R-iL zoning district to the
Wolf Pen Creek zoning district. The City of College Station and the Development Team have
agreed that the appropriate zoning classification is WPC and will take the rezoning requests
through the appropriate process.
Figure I.
-- EXHIBIT A
I Memorandum of Understanding
Between WPC Team & City of
College Station
WOLF PEN
CREEK
PARK
Preliminary Project Plan
The Tax Code requires that a Project Plan be prepared by the Reinvesttnent Zone Board of
Directors. The Project Plan must include a map showing existing conditions, uses of real property
in the zone, proposed improvements and proposed changes in the city codes and master plans. A
Preliminary Project Plan, including th~ information required for the Final Project Plan, has been
formulated and is pre~nted below.
Use of Real Pmr~erty
The proposed reinvestment zone is essentially three adjacent tracts of land located at the
southwest comer of the intersection at Dartmouth and Holleman. An analysis of existing
conditions and land use within the zone indicates that the area is vacant with the exception of
College Staiton Fire Station #1 which is on a portion of the City's Holleman Place tract.
Area Pmport7 Conditions
There are currently no property conditions to be considered with the exception of Fire Station #1
which was completed in September ! 997.
Preliminary Financing Plan
The Tax Increment Financing Plan for Reinvestment Zone No. 7, City of College Station
identifies the projects to be accomplished, and the monetary relationships which accompany the
project for funding and ultimately paying for the improvement
Project Identity
R. einvestment Zone No. 7 has been proposed as set forth in the project plan, as well as the specific
projects. The development will be a new office, hotel, and convention center. Debt issued by the
City for the construction and equipping of the conference center will be paid for with TIF
revenues, as well as hotel/motel tax revenues.
Estimated Project Costs
The project costs are estimated to be $6,000,0000. Preliminary development costs were
developed by City staff. This facility is intended to act as an incentive for the development of
other private properties in the area. The intended purpose of this development is twofold: first,
to create a larger venue for conventions within the City of College Station; and second, to
function as a catalyst for in fill development with in the Wolf Pen Creek corridor.
Economic Feasibility
The City of College Station is aware that the area is eligible for the creation of a tax increment
financing district. This area, as documented in the Project Plan section, is underdeveloped with
the strong potential for new commercial development.
A. Appraised and Captured Value
Real property appraised value of the zone, as well as the captured value and the tax
increment projection is shown in Table 2. The table indicates a $359,000 increment
annually beginning in 1999 and a $2,941,000 cumulative increment over a ten (10) year
period. Furthermore, Table 2 is based upon a value guamatee of $21,000,000 for the
hotel/office building project and uses the entke City of College Station and Brazos County
ad valorem tax rates, and .86/$100 of the CSISD ad valorem tax rate. The total rate for
the TIF will be ($1.71/100).
ANNUAL
WPC ANNUAL CUMULATIVE TAX
YEAR BASE CAPTURED CAPTURED INCREMENT
CUMULATIVE
TAX
INCREMENT
1997 $507,515 $0 $0 $0
1998 8,508,000 8,000,000 8,000,000 69,000
1999 21,508,000 13,000,000 21,000,000 359,000
2000 21,508,000 0 21,000,000 359,000
2001 21,508,000 0 21,000,000 359,000
2002 21,508,000 0 21,000,000 359,000
2003 21,508,000 0 21,000,000 359,000
2004 21,508,000 0 21,000,000 359,000
2005 21,508,000 0 21,000,000 359,000
2006 $21,508,000 $0 $21,000,000 $359,000
Assumptions:
1. Scenario uses tax rates from CS,County, and CSlSD
(1.71/100)
2. WPC scenario uses a $21,000,000 in project in year 1998.
3. CSISD can not participate in first yr. of TIF.
$00
69,0000
428,000
787,0000
1,146,000
1,505,0000
1,864,0000
2,223,0000
2,582,000
$2,941,00(3
B. Taxing Units
There are three taxing units. Their tax rates per one hundred dollars of valuation are:
CSISD $1.74
City of College Station .4293
Brazes County .4174
Total: $2.5867
In the above appraised and captured value analysis, the City's entire ad valorem tax rate of
.42931100 for FY 97-98 is used; Brazos County's FY 97-95 ad valorem tax rate of
.41741100 is used; and .861100 ofthe CSISD ad valorem tax rate is used. No change over
time in the tax rates of the three units was considered.
Tax Increment Bond
The City of College Station has proceeded with the analysis for financing a portion of the
project costs with bond funds.The amount included in the plan for proposed tax
increment bonds are as follows:
Series 1998 $6,000,000
The financial requirements to amortize this issue on an annual basis are as shown below.
The debt service schedule is for nineteen (19) years with no capitalization.
Fiscal Year
Requirement
1999-2000
2000-2001
2001-2002
2002-2003
2003-2004
2004-2005
2005-2006
2006-2007
2007-2008
2008-2009
2009-2010
2010-2011
2011-2012
2012-2013
2013-2014
2014-2015
2015-2016
2016-2017
2017-1018
$502 076
$502 076
$502 076
$502 076
$502 076
$502,076
$502 076
$502 076
$502,076
$502,076
$502,076
$502,076
$502,076
$502,076
$502,076
$502,076
$502,076
$502,076
$502,076
Finanoial Structure
The above economic analysis sets forth the financing for the Zone's municpal project. In
summatT, the following is the recommended financial structure for the Financing Plan.
A. Projeet Cost $6,000,000
B. Funding
Debt Issuance $6,000,000
Pro|eet Duration
The project duration will be for a twenty (20) years with a nineteen (19) year amortization period
of the bond issue. During this period, the Zone will have collected tax increment funds in excess
ofthe annual amortization schedule. It would be expected that these funds would be banked and
would be used ii'necessary in relationship to the limits of the initial project.
Appendix A
Preliminary Description of Reinvestment Zone
t~
Beginning at thc northwest most comer of Lot 2, Hollcman Place Subdivision for a Point of Beginmng,
Thence in a generally northeasterly direction along the northwestern property line of Lot 2 Holleman
Place described in Vol. 1604 Page 038 (6.31 acres) also being the southeast right-of-way linc of Holleman
Drive East to thc northeastern comer of LOt 2 Hollcm~ Place Subdivision;
Continuing along the southeast right-of-way line of HoHcman Drive East, being the same as thc
northwestern property linc of Reserve Lot (PLof), Woodstock gl (6.38 acres) described in Vol. 2437 Page
033 to thc interaction of the southwest right-of-way line of Damuouth Street for a comer,
Thence, in a generally southeasterly direction along the southwest fight-of-way linc of Dartmouth Street
being the same as thc northeast property line of Reserve Lot (Pt. o0, Woodstock #1 to thc southeastern
most corner of said property,
Cominuing along thc southwest fight-of-way of Dartmouth Street being thc same as thc northeastern
property linc of Tract 54.1 M. Rector League (2.42 acres) described to the southeastern most property
comer for a comer:
~ following the property line of the above mentioned Tract 54.1 in a generally southwesterly
direction to its southwestern most comet,
Thence, generally in a northwesterly direction aloog the southwestern property line of Tract 54.1 to the
intersection with the southeastern property line of Reserve LOt (Pt. of), Woodstock #1. thence to the
southwest along this property line to the southwestern most comer of Resea~ LOt (Pt. oO Woodstock #l.
Thence, generally in a northwesterly direction along the southwest property line of Rcsenve LOt (Pt. of),
Woodstock #1 to the intersection of the northeastern most comer of LOt 2 Holleman Place Subdivisiou for
a col'ncr.
Theuce, along the southeast property line of Lot 2 HoHemnn Place Subdivision being the same ns the
northwestern right-of-way of Richards Street to the mutheastem most corner of said lot for a comer,
Thence, generally in a northwesterly direction along the southwest propet'ty line of LOt 2 Holleman Place
Subdivision to th~ Point of Bc~nving and contninin~ 15.11 acres moro or less.
Appendix B
Preliminary Description of Reinvestment Zone
OWNERSHIP DESCRIPTIONS
Parcel Number 1
Owner: McGilI, Davis & Thelma Family LTD. Partnership
Legal De, sc: Woodstock ltl, Lot Keserve (Pt. of)
Acres: 6.3800
Vol/Page: Volume 2437 Page 033
Parcel Number 2
Owner: City of College Station, Texas
Legal Desk: Holleman Place. Lot2
Acres: 6.3100
VoVPage: Volume l(:ff)4 Page038
Parcel Number 3
Owner: McGill, Davis
Legal Desc: Tract 54.1 Morgan Rector League (ICL)
Acres: 2.4200
Vol~Page: unknown
Exhibit D & E
METES AND BOUNDS DESCRIPTION
OFA
15.11 ACRE TRACT
(COLLEGE STATION TAX FINANCING REINVESTMENT ZONE NUMBER SEVEN)
MORGAN RECTOR LEAGUE, ABSTRACT NO. 46
COLLEGE STATION, BRAZOS COUNTY, TEXAS
Metes and bounds description of all that certain 15 11 acre tract or parcel of land, lying
and being situated in the Morgan Rector League, Abstract No 46, College Station, Brazos
County, Texas, a part of which was heretofore defined as "College Station Tax Financing
Reinvestment Zone Number One" by Ordinance Number 1791 of the City of College Station and
being more particularly described by metes and bounds as follows:
COMMENCING at the intersection of the southeast right-of-way line of Holleman Drive
and the southwest right-of-way line of Dartmouth Street in the City of College Station, Brazos
County, Texas;
TltENCE S 18° 16' 59" E - 20 97 feet with the tangent of a curve connecting the said
right-of-way line of Holleman Drive and the said right-of-way line of Dartmouth Street (Curve
data' central angle = 79° 59' 00", radius = 25 00 feet, tangent = 20.97 feet) to the the end of the
said curve for the POINT OF BEGINNING of this 15.11 acre tract;
THENCE S 18° 16' 59" E - 229 72 feet with said Dartmouth Street right-of-way line to
the point of beginning ora curve to the right,
THENCE along the arc of the said curve (Curve data. central angle = 3° 08' 04", radius
1099.94 feet, tangent = 30 09 feet, the chord bears S 16° 42' 57" E - 60.17 feet) to the point for
the end of the said curve,
THENCE S 15° 08' 55" E - 405 42 feet with said Dartmouth Street right-of-way line to
the southeast line ora 2 42 acre tract conveyed to Simon Kahan as described by deed recorded in
VOLUME 1036, PAGE 437 of the Official Records of Brazos County, Texas;
THENCE S 45° 21' 45" W - 228 23 feet with the southeast line of the said 2.42 acre tract
to the south common corner of the said 2 42 acre tract and Lot 17-B Block 3, Richards
Subdivision as depicted by plat recorded in VOLUME 137, PAGE 25 of the Deed Records of
Brazos County, Texas,
THENCE N 42° 40' 02" W - 335 46 feet with the common line of said 2 42 acres and
said Richards Subdivision to the southeast line of a tract conveyed to the Davis and Thelma
McGill Family Partnership as described by deed recorded in VOLUME 2437, PAGE 33 of said
Official Records,
000567-f02-28(2797)
PROJXS00~2797X7RA. DWG
THENCE S 45 ° 56' 52" W - 29 31 feet with the common line of the said McGill tract to
the south comer of the McGill tract, being a common comer of Lot 6, Block 3, Richards
Subdivision;
THENCE N 44° 55' 07" W - 406 69 feet with the common line of said McGill tract and
said Richards Subdivision to the northwest right-of-way line of Richards Street;
THENCE S 44° 52' 13" W - 720 31 feet with the northwest right-of-way line of
Richards Street and the southeast line of the Holleman Place subdivision to the south corner of
Lot 2, Holleman Place, as depicted by plat recorded in VOLUME 1040, PAGE 480 of said
Official Records,
THENCE N 46° 06'05"" W - 398 20 feet with said southwest line of Lot 2, Holleman
Place, to the southeast fight-of-way line of Holleman Drive;
THENCE N 44° 56' 54" E - 306.90 feet with said fight-of-way line to the point of
beginning of a curve to the right;
THENCE along the arc of the said curve (Curve data: central angle = 36° 47' 06", radius
= 965.00 feet, tangent = 320.87 feet, the chord bears N 63° 20' 28" E - 608.96 feet) to the point
for the end of said curve;
THENCE N 81 ° 44' 01" E - 514 76 feet to the point of beginning of a curve to the fight,
THENCE along the arc of the said curve (Curve data: central angle = 79° 59' 00", radius
= 25.00 feet, tangent = 20.97 feet,_the chord bears S 58° 16' 29"E - 32.13 feet) to the PLACE
OF BEGINNING of College Station Tax Financing Reinvestment Zone Number Seven
containing 15.11 acres of land, more or less
January, 1997
Municipal Development Group
College Station, Texas
Prepared by'
A.W. Kessler
Registered Professional Land Surveyor
No. 1852
000567-f02-28(2797)
PROJ~00~2797X7RA. DWG
NOTE.
This description has been computed
fi.om previous ground surveys and
public and private records and is
not the product of an on-the-ground
survey, and shall not be used for
the purpose of land conveyance
000567-f02-28(2797)
PROJ~00~797X7RA. DWG
7
I~1
C...D I ~ I
7(f)
Olll
1433 Mc(Jill Lane
Bryan, TX 7780g
November 6. 1997
City of College 8ration
Attn: Ilonorable Mayor Lynn Mellhaney
and Couneilmember$
PO Box 9960
College Station, TX 77542
RE:
6.38 acre tract or parcel of land, lying and being situated in
the Morgan Rector Ix)ague, Abstract No. 46, College Station,
Brazes County, Texas
and
2.42 acre tract, located on west linc of Dartmouth Drive
just south of ltolleman Drive. being part of Tract 54 in the
Morgan Rector League. Abstract No. 46, College Station,
Brazes County, Texas
Honorable Mayor l,y~m Mdihaney and Cotm¢ilmembers:
The City of College 8ration and I are property owners of adjoining land. I am the
primary property owner of moro Ihan 50°,4 of the property.
I hereby petition that the referenced property, alert8 with the adjoining property of the
City of College Station, be designated in the 'lax Increment Finance CLIP) roinvestment
?.one.
If you require additional doeumemation, please eontaot me at my office at 846-7703.
Sine, erely,
Davis T. MoOlli
EXHIBIT F