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Res 072-84 4/17/1984RESOLUTION NO. 7,2,---433/ A RESOLUTION DESIGNATING MIDTOWN AREA NO. 2 AS BLIGHTED AND REQUESTING THE TEXAS ECONOMIC DEVELOPMENT COMMISSION TO ACCEPT THE BLIGHTED AREA AS ELIGIBLE FOR COMMERCIAL PROJECTS WHEREAS, an area hereafter called the Midtown Blighted Area No. 2 is located within the City of Wichita Falls, Texas; and, WHEREAS, the proposed Midtown Area No. 2 is described as follows: Beginning at the intersection of the west right-of-way line of US 287 and the south bank of the Big Wichita River; Thence southerly along the east property line of Riverside Cemetery to the south right-of-way line of 5th Street; Thence east to the east right-of-way line of Brook Ave. ; Thence north along an extension of the east right-of-way line of Brook Avenue to the north and east right-of-way line of US 287; Thence northwest along the right-of-way line to the south bank of the Big Wichita River; Thence along the south bank of the Big Wichita River to the place of beginning; and, WHEREAS, the map of the proposed Midtown Blighted Area No. 2 is incor- porated as part of this resolution; and, WHEREAS, the City Council finds designation of the Midtown Blighted Area No. 2 is justified for the following reasons: 1. The Midtown Blighted Area No. 2 is located adjacent to two proposed or designated Blighted Areas. The Midtown Blighted Area No. 2 has similar devel- opment characteristics. 2. Approximately 25% of the residential structures in the area are severely dilapidated or deteriorated, and approximately 30% of the remaining homes show evidence of deterioration or substandard condition. 3. Commercial structures in the area are generally antiquated and substandard. 4. The failure of vacant land in the area to develop and the lack of modernization and redevelopment near the urban core impairs the sound growth and development of the city; and, WHEREAS, the City Council finds that the Midtown Area No. 2 contains a substantial number of substandard, slum, deteriorated, or deteriorating structures, such conditions substantially impairing the sound growth of the city and constituting economic and social liabilities; and, WHEREAS, objectives of the City of Wichita Falls include the infill of vacant land, encouraging redevelopment of the urban core, encouraging development of 2- the Wichita River Greenbelt, and provision of an adequate supply of employment opportunities; and, WHEREAS, the availability of financing of projects for commercial uses under the Development Corporation Act of 1979 (Article 5190.6 Vernon's Texas Civil Statutes, as amended) will contribute significantly to the alleviation of the blighted conditions. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF WICHITA FALLS, TEXAS THAT: SECTION 1. The Midtown Area No. 2 is hereby designated as a blighted area by the City of Wichita Falls and that the Texas Economic Development Commission is requested to accept the blighted area for commercial projects in accordance with the provisions of the Development Corporation Act of 1979 as amended and the admin- istrative rules and regulations adopted under its authority. SECTION 2. The City Council shall review all project descriptions for approval. Specific projects for commercial uses shall be reviewed in order to determine whether such projects are consistent with the City's objectives and guidelines for development of the Blighted Area. A. Desired projects are those which will result in significantly enhanced employment opportunities for local residents and which will strengthen the Wichita River Greenbelt project. B. The project should avoid displacement of area residents. When displacement is unavoidable, a reasonable effort should be made to assist the displaced persons and mitigate any hardships involved. C. The project should not have a significant negative impact on existing residential areas. Development near residential areas should include buffering and screening. No project shall be approved if the parcel of land on which the project is located is limited by deed restrictions to residential purposes. No project shall be approved if the proposed use would constitute a violation of the deed restriction placed upon said parcel. D. The project should comply with the Wichita Falls Flood Plain Ordinance No. 3282. Projects with larger amounts of runoff should use storm water detention or other methods to reduce peak flood volumes. PASSED AND APPROVED THIS THE /1/X, 'day of 984. i 01 ATTEST: MAYOR CITY CLERK It 1109 L 411lli\o, 5 2''.......'4.„..\ 54 56:6e VO• i60 m 2` N co26o-oo1) eo ItLAK]EILY I " ORO N0.2480 O• D Pi 0DD yb . 0 tc 700 3RD STREET aI30-070- Fl t` e I'03) rG b mss' D.NQ 2478 076 AG 1( 4530-071) IRD o STRE ET LP mow=140 8 IseR379,i J 66... likH w w H ems' CD 122.5' 0` 4 R • * ccocE0 9y Op0'ez/ 1,. ii43 30 140' R g l40 R n 4TN ST I00 _ 11 I 43 4TH ST o. _ ., 29 I" r ,0 5 10 9Ctrs STS n ` , ORO-I726 Q 49 0 _ 24 C.)CC I ' lL- I 00 j1 f. J,)54 U 19 15TH ST i 5 23 11111MMEMINIMMIUMMINIMMENIMMINS i 1T I \-sw ' Proposed Blighted Area Page 14 of 14 Pages Agenda Item No.