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Res 199-83 10/4/1983RESOLUTION NO. /f7—I5 A RESOLUTION DESIGNATING A TRACT OF LAND AS DEATON & WAGGONER BLIGHTED AREA NO. 1 WHEREAS, an area hereafter called the Deaton & Waggoner Blighted Area No. 1 is located within the City of Wichita Falls, Texas; and, WHEREAS, the proposed Deaton & Waggoner Blighted Area No. 1 is described as follows: A TRACT OF LAND out of the John V. Wheeler Survey, A-377 and the E.A. Austin Survey A-701, Wichita County, Texas said tract being more specif- ically described by metes and bounds as follows : BEGINNING at a point in the South line of the above mentioned John V. Wheeler Survey, which bears West 1344.8 feet from its Southeast corner; said point also lies in the North line of the aforementioned E.A. Austin Survey; THENCE West along the South line of the aforementioned John V. Wheeler Survey a distance of 95.0 feet; THENCE along the West line of Morningside Park as follows: South 419.9 feet; East 77.9 feet; South 11 30' East 151.8 feet; North 59° 35' East 45.0 feet; South 06° 40' West 56.2 feet; South 19° 45' East 83.0 feet to a point for the Southeast corner of this tract; THENCE West 748.5 feet to a point for the Southwest corner of this tract; THENCE North passing along the East line of the Harrell School tract a distance of 1683.4 feet to a point in a curve of the South line of U.S. Highway No. 277 for the Northwest corner of this tract; THENCE along a 2.053 degree curve to the right in a Northeasterly direction a distance of 517.19 feet, the long chord of said curve bears North 76° 43' 07" East 516.45 feet; THENCE leaving the South right-of-way line of the aforementioned U.S. Highway No. 277, South 200 34' East 198.6 feet; THENCE South 96.3 feet; THENCE East 102.6 feet; THENCE South 846.1 feet to the place of beginning and containing 25.76 Acres, more or less; and, WHEREAS, the map of the proposed Deaton & Waggoner Blighted Area No. 1 is incorporated as part of this resolution; and, WHEREAS, the City Council finds designation of the Deaton & Waggoner Blighted Area No. 1 is justified for the following reasons: There is a need to develop additional employment opportunities for persons in the Wichita Falls community. 9- There are a substantial number of substandard structures within the City of Wichita Falls, including approximately 6,830 homes in struc- turally poor condition and approximately 7,400 homes exposed to flooding in the 100-year flood plain. The large amount of vacant land within the city constitutes an economic liability. The development of property in a manner which enhances the tax base is essential to the City of Wichita Falls. The unemployment rate in the Deaton & Waggoner Blighted Area No. 1 is 7.4%, which is higher than the city-wide rate of 6.7%. Approximately 33% of the structures in the Deaton & Waggoner Blighted Area are substandard, which is higher than the city rate of 22%. A large amount of vacant land exists within the Deaton & Waggoner Blighted Area No. 1 despite city policies encouraging infill develop- ment; and, WHEREAS, objectives of the City of Wichita Falls include the infill of vacant land, enhancement of theaposition of Wichita Falls as a regional service and retail center, provision of an adequate supply of employment opportunities, and maintaining an adequate ad valorem tax base to meet community requirements; 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 Deaton & Waggoner Blighted Area No. 1 is hereby desig- nated as a blighted area by the City of Wichita Falls and that the Texas Industrial Commission is requested to accept the blighted area for commercial projects in accordance with the provisions of the Development Corporation Act of 1979 and the administrative 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 community economy and improve the position of the city as a regional service and retail center. 3- B. Detrimental uses include those uses which would have a significant negative impact on residential areas or which would not complement businesses in the surrounding areas. C. More specifically, the City Council shall use the following criteria when evaluating projects for Industrial Revenue Bond funding: 1) Use of Industrial Revenue Bond funds is necessary to make the project financially feasible. 2) No project shall be approved if the parcel of land on which the project is to be 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 restrictions placed upon said parcel. 3) At least 70 percent of the workers on a craft-by-craft basis shall be residents of the Wichita Falls Standard Metropolitan Statistical Area. An exception to this policy may be granted by the City Council, in any case where it is proven that there are not sufficient resident workers available in a par- ticular craft to meet the requirements of this resolution. D. In order to assure compliance with the conditions of this resolu- tion, the developer shall submit an annual report containing detailed documentation that all requirements are being met. A final report shall be submitted when all requirements have been met and the project has been completed. The City Council may require the posting of bonds, authorize execution of a binding contract, or take other steps to assure compliance with all requirements. SECTION 3. Public improvements in the area are expected to include streets, drainage, and public utility line installation. Improvements will be made at the expense of the developer and will be scheduled as part of the platting process. PASSED AND APPROVED THIS THE St/../ day of 1983. M A Y O R ATTEST: Adir CITY CLERK N I G HWAr SEYM uR L.,517.9 276979 NO m T.a- x.F I1 EAST 10 .6' co 00 Iico STURDEVANDT F o_ PLACE OF BEGINNING WEST 95' co a 00 EAST 77.9' S II° 30' E 151.8' N 59° 35' E 45.0' 5 06° 40' W 56.2' S 19° 45' E 83.0' WEST 748.5' W thil NINTH STREET DEATON & WAGGONER BLIGHTED AREA NO. 1