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Home My WebLink About06-08-1984 0 • s ' AGENDA CITY OF DENTON CITY COUNCIL June 8, 1984 12;00 Noon for bl the Blighted of Area 'Industr. ial t 1 lihearing y of Denton Eligible the C:it Revenue Bonds. 2. Consider approval of a resolution declaring certain areas of the City of Denton as blighted for the purpose of allowing the sale of Industrial Revenue Bonds to improve these areas. On this 4't J day of 19 4`O, the original of this instrument was file among t e of.f c al records of the City of Denton, Texas, and an original copy was posted on the bulletin board in the main lobby of the Municipal Building of the Cit of Denton at 1 o'clock, on said date. 3UM DA V 16 , 5N, ,RED R CL Y OF DENTON, TEXAS 1823M LEUAL NU'rl(:& on June bi 1984, at 11tUU noon, the City Council of Denton, 'T'exas will conduct a ppublic nearing in the City Council Chamber at 115 E. McKinney 5t. and will consider a resolution con- eerninb the designation of blighted areas in Denton. This action is required to obtain Industrial Development bonds, Industrial Uevelopwuat bonds are tax exempt bonds which provide industrial and commercial businesses funds for expansion or canstrUeLion to improve the community. Tnese funds provide lower than warket interest rates. The toilowing is a description of ttte o0undaries for Lhe proposed blignCed areas in Denton: PAuPOSEU MjIGHTED ARE~\ DESiGNXVION Area I SOULn. Boundary - Page tcoad I West Boundary - Sout(lwest along 1-35 E. and northwest along Mayttill Koad North Boundary - Along Maytiill Koad to the intersection of MayaiL1 and City Boundary and South along MKT railroad Lvacks to City Boundary. East Boundary - City Boundary Line Area G West Boundary - South Carroll Boulevard Norta Boundary - eagle Drive East Boundary - Fort Wortn Drive k.highway 377) Soutn Boundary - intersection of Carroll and Fort Worth Drive A map of trLese boundaries is posted at City ball aL 215 E. McKinney. It you gave any questions concerning Ltte public hearing or blii!OiLed area designations, please contact the City ricinager' s Ottice at )OU-ti:SUL . 1616M • -x t.• ~ i y I ~ i h' i 4 a .x N~ QP ru I i r r , . r L - t , r t~ i • r n ~ 1 i 417 - 'I- i i 1 ' _ kA It 5kkLtl h u. N ' AGENDA CITE' OF DENTON CITY COUNCIL June 8, 1984 12;00 Noon 1, Public hearing on Eligible Blighted Area designations in the City of Denton for the sale of Industrial Revenue Bonds. Consider approval of a resolution declaring certain areas of the Cite of Denton as blighted for the purpose of allowing the sale of Indus~rial Revenue Bonds to improve these areas'. On this day of lu the ori.giral r this instrument;as filed`Tainong ~~'e ofici.l records' ecords (-f t: City of Dentor, 'T'exas, and. an oriin<tl copy was posted oil bulletin board in the main 101) V of 1.:)L' !1u11ici;>F:1 Evil ling the Cit of Denton at o'1loci:, or, caa'.d date. -H S 1 8231T C1rYof DEWON, TEXAS MUNICIPAL BUILDING % DENTON, TEXAS 76201 i TELFPNQNF (817) 5668200 Office of the City Manager M E M O R A N D U M i`U; Mayor and Members of the City Counc.t.1 FRU4; Betty McKean, Assistant City:1anager DA'L`E; June 5, 1984 SUBJECT: Designation of Blighted Areas At the May 22, 1984 Council ;fleeting, a request was made to designate an area of land along Carroll Boulevard and Eagle Drive as blighted, for the purpose of allowing tIt o use of Industrial Development Bond funds, Also, as a result of that meeting, Mr, Hobert 13it tton made a request that hie property along Maythi11 Road and I-35 be considered for a blighted area designation to promote commercial development on his property, Both of these pvoporties are adjacent to previously designated blighted areas. Attached is a copy of a map whose shaded treas reflect the proposed blighted areas and Mir. Button's request For a blighted area designation at the intersection of I-35B and :4r,yhil-1 Road. ].n an attempt to moot required legal notice designation time periods, a special called meeting is being held on June 8th, at 12:00 noon to conduct a public hearing on these areas and to consider a resolution declaring these areas as blighted. If you have any questions concerning this meeting, please let me know. Betty can, A, sistant City Manneer in jf 18201 G yam, \ f,i " f r l ~1, •i411. 11."~ ti. } y~, ~'("~~',T~+~ -i V~`//r~~ 1 .~.1. r~Jll ~ VVV ! 1 ..~w~'~ S~ z.ti.rv •na. r ( 3 / lt1.i'~ - rM09 f ~IM1 - - S11 riff. S JI -iwi ~:.i. i+n an l tl .___..-mrwt-~'~ C/. /tw~ Fit liiii~l 1. ~ Z r -_L n ~ Lllt c 1 ~ ~ ~ ~ r l/G '1rnI T1 1 y-J ~ ' fl +~nr t d 1 ,I r ~r,l. n=7 - '~1., JL'7~i__'-ii- _I L. .'I J 1 2 LITTON PROPERTIES INC. 1 F F 15889 Preston Road M8 Dallas, Texas 76248 214-388-4886 May 25, 1984 Mr, W?lliam McDonald Administrative Assistant to the City Manager City of Denton Denton, Texas 76201 Dear Mr, McDonald, Per our meeting of Wednesday, May 23, 1984, please consider adding my property on the south east corner of Mayhill Road and I, 35 (see en- closed site plan) to your already designated blight area. This tract is contiguous to the Henry S.Miller tract on the west side of Mayhill Road, As I discussed with you on Wednesday, this tract in total contains approximately 18 acres, all of which is presently submitted for zon- ing, and a part which is submitted for annexation (in short, part in the city and part in E.T.J.). The total 18 acre tract will be divided into three phases, Phase I Is approximately 6 acres, all of which is currently zoned goneral retail. The plan for Phase I is for the construction of n Mini Mall which would contain approximately 20 stores employing approximately 80 people. The plan for Phase II is for a motel which would employ approximately 30 people, The plan for Phase III is for a light industrial user with rail orders which would employ approximately 75 people. I do realize at this time that only Phase I can be included due to the fact that it is the only phase that currently is in the city, but I felt the record should show the plan used for the entire parcel, If you have any questions, please feel free to call me at any time. Yours Very Truly, R. .J,Button$ President BUTT ON-ZIFF PROPERTIES, INC. R E S O L U T I O N WHEREAS, by Resolution adopted March 1990, by the Cit Council of the City of Denton, Texas, the ,ity of Denton autr,- prized the creation of the City of Denton 11idUStrial Development Authority to exercise the powers of such corporations otganiae: pursuant to the Development Corporation Act 0~ 1979, as amenda (the 4Act")1 and WHEREAS, the Act together with the Rules foe Issu:n; Industrial Development Bonds promulgated thereunder by the Te:eaa Economic Development commission (tile 'Rules"), provide tot -i financing of projects for commercial uses] and WHEREAS, said Act and Rules provide certa.n procedures w:tr_ respect to the establishment and designation of Eligible Blighter Areas Within the City for the purposes of financing projects commercial uses and alleviating economically disauvantage: areasi NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF DENTON, TEXASi SECTION I. That the areas outlined on the attached maps which a:a designated boundaries and are further described in Exhibits k and B attached hereto are established and designated as Eligizi e Blighted Areas for the purposes of the Act and the Rules, n:- betrig portions of the City. SECTION 11, That the Cfty finds that the areas designated herein is Eligible Blighted Areas contain a substantial number of unlc: employed people and substandard or deteriorating structu:as which !,mpair or arrest the sound growth of the City and i:t areas that constitute an economic or social liability in the:t present condition or use. The information attached as Exhioi: further supports thy! City's decision to designate the ar:is referenced in Exhibits A and A as Eligible Blighted Areas, SECTION III. That the City finds and represents to the Texas Eeonen:c Development Commission that the availability of financing :f projects tot commercial uses under tae Act will contrlc::e significantly to the alleviation of the blignted condit:a%s found to exist in the designated Eligible Blighted Areas, SECTION IV. That the principal types of projects for commercial .ses desired and authorized by the City to enhance its redevolopma:t efforts in the Eligible Blighted Areas are those proje_:s allowed under the Act and as may be limited by morel rustrici:,e policies established by the city of Denton Indust Developmont Authority. SECTION V. That the City represents that it will review all pro:ect descriptions for approval of spedific projects for commer.:sl uses in order to determine whether sucn projects are consis -r:" PAGE 1 With the City's objectives for redevelopment of the BligWle Blighted Areas. SECTIO41 V1, That attached hereto as Exhibit D is a description of proposed public improvements to be made in the Eligible Blighted Areas, the estimated commencement and approximate schedule for such public improvements, and the aource of funds the City .rill use for such purposes, all of which is based on the City's best estimates as of the date of adoption of this resolution. SECTION VI;. That this Resolution shall take effect. immediately upon its adoption and the City Secretary is hereby directed to transmit r certified copy of this Resolution to the Texas Eeonomi_ Development Commission. PASSED AND APPROVED this tits day of , 1984 RICHARD 0. STE ART, MAYOR CITY Oe DENTON, TEXAS ATTESTi CHARLOTTE ALLEN, CITY SECRETAR' CITY OF DENTON, TEXAS APPROVED AS TO LEGAL FORM: C. J. TAYLOR, JR., CITY ATTORNEY CITY OF DENTON, TEXAS 4, 1 BY: PAGE 2 EXHIBIT A Blighted Area Boundary for Intersection of eagle Drive and Carroll Boulevard West Boundary - South Carroll Boulevard North Boundary - Eagle Drive East Boundary - Fort Worth Drive (Highway 3M South Boundary - intersection of Carroll and Fort Worth urive PAGE 3 1 i 1 ' I r t A ~ r 1 ~ ~ ~ ~ Irlf=N 1 1 ~ rl I, .1 t .%AYL•%'Pr!!9f/HDn•,.MW M1MU.ryrrV 0.~'i1(1l9N-M•~IY~hU • It FIrkJ1l!!.ryl.r. N+Mrl r':V.LI 1 Ih '.♦'.i it !t •.Y.'.: ♦~r?. 4 :I.'V_YN. J. l:, +r-.. r n ..,r..i ..1'f,:r rryAlM EXH1_T 8 Blighted Area Boundary tot Interaeotion of I-35E and ,Mayhill Road South Boundary - Page Road west Boundary - Southwest along I-35 E and northwest along Hayhill goad North Boundary - Along , and II Road to the South along UT Mayhill and City Boundary a Railroad Tracks to City Boundary, East Boundary - City Boundary Line PAGE 4 r. 1 1 1 _ 1 P.. IC II t f . 1 Vl.w..l 1~ y\_ i41 Y11 ! 1 LIB ,(1 1. r 4111 ~ _ ►.W:YM .uWr.CC,1!M..+.yry.µtl/.hvM1'ryiYRYi.nc-.aOY:V'OR4AY hVY'.I UPiiJq..4W:w:~Y'IS1i•4•.YM.'r '/-..I ny!~{gtr.c l/T ~pO~Yl.i YIIkY'rla4!4V-vFH4:✓H.y ~ .l.r..-ITw!RA@WtNaYJ EXRIBIT C Blighted Area Designation Statistics Neighborhood Blighted Areas Item City Nei ghboc::,d 22 Intersection of Median Family Eagle & Carroll Blvd, income (see exhibit for $20,724 $11,:!: boundaries) percent of Families 1Z ._1 Below Poverty 7% Tract 212 Intersection of Median Family 1-35E 6 Mayhill Road income $20,724 percent of Families Below Poverty 1% 2'I P,* " E; 5 EXH;e I T D Capital Improvement Plan - Public Works Improvements Planned in Blighted Areas Area Intersection of Fagle & Carroll Boulevard No Public Improvements Planned Intersection of 1-35& & ,Mayhlll Road No Public Improvements Planned PAGE 6 C!~k I}'I~A Ui= A I I THIS IS TO CIFTIFY fhol Iho rnicrophalopraphc appoorln9 on IhIs flira«1110 ilatiiny wllh CITY CO_.QNClt, AGENDA PACKET n~inu~Lg~I - - and 1ndlnp vellh CITY COUNCIL, AGENDA PACKET „ or* accurato end tomplots mprodvcllonc of Iho r0cord6 of (Company and Dopl,) CIT,,,,.TY OF p NTON CITY SECRETARY ot dolivorod In Iho roquler tovrc0 of bucino« for pholoQrophlnp, h It fwrthor cortlAod Thal Ihp rnloolpholvnrpphlc pr406146 w'ho occontpllohod In a monnw and on Alm which moolc wild, m1witom0nit of Ihp Nallonol s6ir"y of Slandonlt Fsv pKrrtononi mlcraphotagraphic <opyI .aura o Rocordo Comptf.... 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