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Ordinance No. 10,288ORDINANCE NO. 10,288 AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF BAYTOWN, TEXAS, CREATING THE TEXAS PETROCHEMICALS REINVESTMENT ZONE PURSUANT TO RESOLUTION NO. 1771 OF THE CITY COUNCIL OF THE CITY OF BAYTOWN; MAKING VARIOUS FINDINGS AND PROVISIONS RELATED TO THE SUBJECT; AND PROVIDING FOR THE EFFECTIVE DATE THEREOF. WHEREAS, the creation and retention of job opportunities that bring new wealth is one of the highest civil priorities of the City of Baytown (the "City"); and WHEREAS, Texas Petrochemicals LP ( "Texas Petrochemicals ") desires to refurbish and construct a manufacturing plant for specialty chemical products; and WHEREAS, Texas Petrochemical has represented that it will increase the value of its property by approximately TWENTY MILLION AND NO /100 DOLLARS ($20,000,000.00) after the construction is completed; and WHEREAS, Texas Petrochemicals has represented that the modernization project will result in the creation of fifteen (15) new jobs in 2007 and an additional 10 jobs in 2012 as well as the creation of one hundred fifty (150) to two hundred (200) jobs during the construction period; and WHEREAS, the City Council of the City of Baytown has held a public hearing on March 23, 2006, on the designation of the proposed reinvestment zone to be known as the Texas Petrochemicals Reinvestment Zone (the "Zone "); and WHEREAS, the City Council of the City of Baytown finds that it is reasonably likely that the creation of the Zone will contribute to the expansion of primary employment and will attract major investment in the Zone that will be of benefit to the property and that will contribute to the economic development of the City; and WHEREAS, the improvements sought to be constructed within the Zone are feasible and practicable and will be of benefit to the land to be included within the Zone and to the City; after the proposed tax abatement agreement concerning the property within the Zone; NOW THEREFORE BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF BAYTOWN, TEXAS: Section 1: That the recitals set forth hereinabove are hereby found to be true and correct and include the findings of the City Council which were made prior to the establishment of the reinvestment zone herein. Section 2: That the City Council of the City of Baytown, Texas, hereby establishes and designates a reinvestment zone to be known as the Texas Petrochemicals Reinvestment Zone for the purpose of encouraging economic development though commercial or industrial tax abatement. This designation shall be effective for five (5) years from the effective date of this Ordinance. Section 3: That the Zone hereby established is more particularly in Exhibit "A," which is attached hereto and made a part hereof for all intents and purposes. • Section 4: That this Ordinance shall serve as notice to every taxing unit that includes inside its boundaries property that is located within the boundaries of the Zone of the establishment of the Texas Petrochemicals Reinvestment Zone by the City, and the City Clerk is hereby directed to send certified ® copies of this Ordinance to all such affected taxing units. Section 5: Should any portion or part of this Ordinance be held for any reason to be invalid and unenforceable, the same shall not be construed to affect any other valid portion hereof, but all valid portions hereof shall remain in full force and effect and to this end all provisions of this Ordinance are hereby declared to be severable. Section 6: This Ordinance shall take effect immediately from and after its passage by the City Council of the City of Baytown. INTRODUCED, READ and PASSED by the affirmative vote of the City Council of the City of Baytown this the 23rd day of March, 2006, a, CALVIN MUNDINGER, May LORRI CGODY, MY-y IClerk APPROVED AS TO FORM: ACID RAMIREZ, SR., Ca Attorney RAKarcn \FileslCity Council\Ordinances\2006Warch 23\ EstablishmentoFrexasPetrochemicalsReinvestmentZone .doc • • METES AND BOUNDS 17.6329 ACRES Being a tract containing 17.6329 acres 1768,088 square feet) of land, more or less, out of a 19.1192 acre tract described as parcel I, which is out of a 31.39,4 acre tract filed in the Official Public Records of Real Property of Harris County, Texas, under Clerk File No. E440858, and Film Code No. 121 -02 -1001, out of the Harvey Whiting Survey, Abstract 840, in Baytown, Harris County, Texas, and being described more particularly by metes and bounds as follows: BEGINNING at a 112 inch iron rod set marking the southeast corner of said 31.394 acre tract at the intersection of the west right - of -way line of the Houston Northshore Railroad with the north right -of -way of Baker Road 180 feet wide); THENCE S 86 degrees 53 minutes 29 seconds W a distance of 862.80 feet along the north right -of -way of Baker Road to a 1/2 inch iron rod set for corner; THENCE N 2 degrees 54 minutes 48 seconds W a distance of 541.15 feet with the east line of a 24.921 acre tract recorded under Harris Country Clerk File No. N070826 and Film Code No. 030 -06- 1231 to a 1/2 inch iron rod found for corner; THENCE N 87 degrees 06 minutes 02 seconds E a distance of 176.24 feet along the south line of the said 24.921 acre tract to a 1/2 inch iron rod set for corner; THENCE N 2 degrees 53 minutes 58 seconds W a distance of 493.42 feet along an east line of the said 24.921 acre tract to a 112 inch iron rod set for corner; THENCE N 87 degrees 06 minutes 02 seconds E a distance of 518.43 feet to a 1/2 inch iron rod set on the west line of a 1.5165 acre tract recorded under Harris County Clerk File No. N305419 and Film Code No. 045 -04 -2116; Iof2 A • THENCE S 2 degrees 33 minutes 08 seconds E a distance of 3!4.43 feet along the west line of the said 1.5165 acre tract to a 1/2 inch iron rod set for corner; THENCE N 87 degrees 32 minutes 26 seconds E a distance of 199.63 feet along the south line of the said 1.5165 acre tract to a 1/2 inch iron rod found for corner; THENCE S 2 degrees 33 minutes 08 seconds E a distance of 412.31 feet along the west right -of -way line of the Houston Northshore Railroad to a 112 inch iron rod set for corner; THENCE along the west right -of -way line of the Houston Northshore Railroad along a curve to the right having a central angle of 9 degrees 28 minutes 17 seconds, a radius of 1843.26 feet, on orc length of 304.70 feet, a chord bearing of S 2 degrees II minutes 03 seconds W, and a chord distance of 304.36 feet to the POINT OF BEGINNING of the herein described tract containing 17.6329 acres (768,088 square feet) of land, more or less. 2 of 2 t........... :fit' 40DOLFO SkNDO+IAi �e 3srE S u • x _Yi:a qtr: :n ��asiga a:�g •E i; ;= �i �a �i� ,ia � : ors .�a�! �� =a.� =6� yaiC $iS =a �: B3II .•6y =ja: naq eay ..a. �� -� Iy �C QS� CS � QC • • 7� Y is�'yY I >s a S 3 r izn Q ?ea f a i d F. 3.p 5 �t ti C- � e d � z•ea � Y I•.i -vbse .uax -xx.n r a Ali w s =acb.xz.M ly b o 'q S � 3� i a 8 'b aS � met•�.so•c. 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