After reviewing all information before it regarding the establishment of the zone and after conducting the public hearing and affording a reasonable opportunity for all interested persons to speak and present evidence for or against the creation of the zone, the city council hereby makes the following findings of fact:
(1) 
The statements and facts set forth in the recitals of the ordinance from which this part derives are true and correct. Therefore, the city has met the notice and procedural requirements established by the code for creation of a reinvestment zone under chapter 312 of the Texas Tax Code.
(2) 
The improvements proposed for the zone, as more specifically outlined in the public hearing, are feasible and practical and, once completed, will benefit the land included in the zone as well as the city for a period in excess of ten (10) years, which is the statutory maximum term of any tax abatement agreement entered into under chapter 312 of the Texas Tax Code.
(3) 
As a result of designation as a reinvestment zone, the area within the zone is reasonably likely to contribute to the expansion of primary employment and to attract major investment in the zone that will be a benefit to property in the zone and will contribute to the economic development of the city.
(Ordinance 4662 adopted 1/5/2016)
The city council hereby designates the zone described in the boundary description included herein in section 11.05.254 as a reinvestment zone for purposes of granting a business expansion tax abatement, as authorized by and in accordance with chapter 312 of the Texas Tax Code. This zone shall be known as “Tax Abatement Reinvestment Zone Number One, City of Lufkin, Texas.” This project is eligible for a tax abatement pursuant to the tax abatement guidelines.
(Ordinance 4662 adopted 1/5/2016)
The zone shall take effect upon the effective date of the ordinance from which this part derives and expire five (5) years thereafter. The zone may be renewed by the city council for one or more subsequent terms of five (5) years or less.
(Ordinance 4662 adopted 1/5/2016)
TRACT 1
0.587 acres, more or less, out of the Allen Proctor Survey, Abstract No. 510, being situated in Angelina County, Texas and being more fully described by metes and bounds in exhibit A attached to Ordinance 4662.
TRACT 2
35.389 acres, more or less, part of the McKinney and Williams Survey, Abstract No. 463 and the Allen Proctor Survey, Abstract No. 510, being situated in Angelina County, Texas and being more fully described by metes and bounds in exhibit A attached to Ordinance 4662.
SAVE & EXCEPT TRACT 1:
9.246 acres, more or less, part of the McKinney and Williams Survey, Abstract No. 463 and the Allen Proctor Survey, Abstract No. 510, being situated in Angelina County, Texas and being more fully described by metes and bounds in exhibit A attached to Ordinance 4662.
SAVE & EXCEPT TRACT 2:
0.135 acres, more or less, part of the McKinney and Williams Survey, Abstract No. 463 and the Allen Proctor Survey, Abstract No. 510, being situated in Angelina County, Texas and being more fully described by metes and bounds in exhibit A attached to Ordinance 4662.
TRACT 3
0.485 acres, more or less, part of the McKinney and Williams Survey, Abstract No. 463, being situated in Angelina County, Texas and being more fully described by metes and bounds in exhibit A attached to Ordinance 4662.
TRACT 4
0.519 acres, more or less, out of the Allen Proctor Survey, Abstract No. 510, being situated in Angelina County, Texas and being more fully described by metes and bounds in exhibit A attached to Ordinance 4662.
TRACT 5
5.040 acres, more or less, part of the McKinney and Williams Survey, Abstract No. 463, being situated in Angelina County, Texas and being more fully described by metes and bounds in exhibit A attached to Ordinance 4662.
***NOTE: The company is prohibited from insuring the area or quantity of the land described herein. Any statement in the above legal description of the area or quantity of land is not a representation that such area or quantity is correct, but is made only for informational and/or identification purposes and does not override Item 2 of Schedule B [sic] hereof.
(Ordinance 4662 adopted 1/5/2016)