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Res 16-38 Amending and Expanding the Charles Schwab Neighborhood Empowerment Zone 4 TOWN OF WESTLAKE RESOLUTION NO. 16-38 A RESOLUTION OF THE TOWN COUNCIL OF THE TOWN OF WESTLAKE, TEXAS,AMENDING RESOLUTION 16-31, DESIGNATING NEIGHBORHOOD EMPOWERMENT ZONE#4 IN THE TOWN OF WESTLAKE,TARRANT AND DENTON COUNTIES,TEXAS,TO AMEND THE BOUNDARIES OF NEIGHBORHOOD EMPOWERMENT ZONE #4 IN THE TOWN OF WESTLAKE. WHEREAS, the Town Council ("Council") of the Town of Westlake, Texas, ("Town") approved Resolution 16-31 designating Neighborhood Empowerment Zone #4 in the Town of Westlake, Tarrant and Denton Counties, Texas, and WHEREAS, the Town and CS Kinross Lake Parkway a Delaware limited liability company, its affiliate Charles Schwab & Co., Inc, ("Schwab") desire to amend the Economic Developer Agreement which sets out responsibility for Schwab and the Town as it relates to development in Westlake as established in Resolution 16-31, approved on August 22, 2016; WHEREAS, the Council desires to amend the boundaries of Neighborhood Empowerment Zone#4 in the Town of Westlake; and WHEREAS, the Town Council finds that the passage of this Resolution is in the best interest of the citizens of Westlake. NOW,THEREFORE,BE IT RESOLVED BY THE TOWN COUNCIL OF THE TOWN OF WESTLAKE,TEXAS: SECTION l: That, all matters stated in the Recitals hereinabove are found to be true and correct and are incorporated herein by reference as if copied in their entirety. SECTION 2: That the Town of Westlake Town Council does hereby find and determine that: a) That the amending of Neighborhood Empowerment Zone ("Zone") would pro mote and increase in economic development in the Zone; b) the attached as Exhibit "A", shall be the property to be contained within the Zone and is incorporate herein in its entirety c) That the amendment and expansion of the Zone benefits and is for the public purpose of increase public health, safety and welfare of the person in the Town, and the expansion and amending of the Zone satisfied the requirements of Section 312. 202 of the Teas Tax Code. Resolution 16-38 Page 1 of 2 SECTION 3: That pursuant to Chapter 378 of the Texas Local Government Code, the Council hereby amends and expands the Zone in the earlier described Exhibit A, attached here to and incorporated herein. SECTION 4: That the Zone shall take effect on the 14th date of November 2016. SECTION 5: If any portion of this Resolution shall, for any reason, be declared invalid by any court of competent jurisdiction, such invalidity shall not affect the remaining provisions hereof and the Council hereby determines that it would have adopted this Resolution without the invalid provision. SECTION 6: That this resolution shall, for any reason, be declared invalid by any court of competent jurisdiction, such invalidity shall not affect the remaining provision hereof and the Council here by determines that it would have adopted this Resolution without the invalid provision. PASSED AND APPROVED ON THIS 14TFI DAY OF NOVEMBER 2016. ATTEST: Laura L. Wheat, Mayor Kell Edw , Town Secretary Thomas Br n Mager APPROVED S TO FORM: A h L. ton Lo n Attorney 1 Resolution 16-38 Page 2 of 2 TRACT 3 1.802 ACRES TRACT 2 2.992 ACRES TRACT 1 69.337 ACRES K:\DAL_CIVIL\NO_PROJ\_PERSONAL\MOSS\PROJECT BLIZZARD\20160909_AERIAL EXHIBIT\20161019_BLIZZARD AERIAL W PROP FLOOD PLAIN EXHIBIT.DWG 10/19/2016 2:18 PM12750 MERIT DRIVE, SUITE 1000, DALLAS, TX 75251 PHONE: 972-770-1300 FAX: 972-239-3820 WWW.KIMLEY-HORN.COM TX F-928 ‹.,0/(<+251$1'$662&,$7(6,1& WESTLAKE, TEXAS OCTOBER 2016 NOTE: THIS PLAN IS CONCEPTUAL IN NATURE AND HAS BEEN PRODUCED WITHOUT THE BENEFIT OF SURVEY, TOPOGRAPHY, UTILITIES, CONTACT WITH THE CITY, ETC. NORTH BOUNDARY EXHIBIT Res 16-38 Res 16-38