Loading...
HomeMy WebLinkAboutContract 48003 CITY SE awv f CONIXACT No. ECONOMIC DEVELOPMENT PROGRAM AGREEMENT This ECONOMIC DEVELOPMENT PROGRAM AGREEMENT ("Agreement") is entered into by and between the CITY OF FORT WORTH, TEXAS (the "City"), a home rule municipality organized under the laws of the State of Texas, and GALDERMA LABORATORIES,L.P.,a Texas limited partnership("Company"). RECITALS The City and Company hereby agree that the following statements are true and correct and constitute the basis upon which the City and Company have entered into this Agreement: A. Company is an international manufacturer of dermatological products with its United States headquarters located in the City at 14501 North Freeway (the "Existing Site"). Company also owns or will have a long term lease on real property in the City located at the northeast comer of Texas Longhorn Way and Heritage Parkway, as more specifically described in Exhibit "A", attached hereto and hereby made a part of this Agreement for all purposes (the "Development Site"). In return for the economic development incentives set forth in this Agreement, Company will expand its operations in the City by constructing a new building on the Development Site of at least 100,000 square feet to house additional offices for Company's business operations, including research and development, marketing, sales, medical and regulatory affairs (the "Required Improvements"). B. The Required Improvements will benefit the City by increasing the scope of an important commercial operation in the City with significant opportunities for employment and tax base growth. As recommended by the City's 2015 Comprehensive Plan, adopted by the City Council pursuant to Ordinance No. 21693-03-2015 (the "Comprehensive Plan"), and in accordance with Resolution No. 3716-03-2009,the City has established an economic development program pursuant to which the City will, on a case-by-case basis, offer economic incentives authorized by Chapter 380 of the Texas Local Government Code that include monetary loans and grants of public money, as well as the provision of personnel and services of the City, to businesses and entities that the City Council determines will promote state or local economic development and stimulate business and commercial activity in the City in return for verifiable commitments from such businesses or entities to cause specific employment and other public benefits to be made or invested in the City(the"380 Program"). C. The City has determined that the feasibility of the proposed business expansion project described herein is contingent on Company's receipt of the Program Grants, as provided in this Agreement. The City Council has determined that the proposed development and use of the Required Improvements will benefit and stimulate the local economy and that the 380 Program is an appropriate means to achieve this Page 1 OFFICIAL RECORD Economic Development Program Agreement between City of Fort Worth and Galderma Laboratories,L.P. CITY SECRETARY FT. WORTH, TX i project. In addition, the City Council has determined that by entering into this Agreement the potential economic benefits that will accrue to the City under the terms and conditions of this Agreement are consistent with the City's economic development objectives, as outlined in the Comprehensive Plan. This Agreement is authorized by Chapter 380 of the Texas Local Government Code. NOW, THEREFORE, in consideration of the mutual benefits and promises contained herein and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties agree as follows: AGREEMENT 1. INCORPORATION OF RECITALS. The City Council has found, and the City and Company hereby agree, that the recitals set forth above are true and correct and form the basis upon which the parties have entered into this Agreement_ 2. DEFINITIONS. In addition to other terms defined in the body of this Agreement, the following terms will have the definitions ascribed to them as follows: 380 Program has the meaning ascribed to it in Recital B. Affiliate means all entities, incorporated or otherwise, under common control with, controlled by or controlling Company. For purposes of this definition, "control" means fifty percent (50%) or more of the ownership deternined by either value or vote. Base Grant Percentage has the meaning ascribed to it in Section 6.1. Central City means the area of the corporate limits of the City within Loop 820 (i) consisting of all Community Development Block Grant ("CDBG")-eligible census block groups; (ii) all enterprise zones, designated as such pursuant to the Texas Enterprise Zone Act, Chapter 2303, Subchapter F of the Texas Government Code; (iii) all census block groups that are contiguous by seventy-five percent (75%) or more of their perimeters to CDBG-eligible block groups or enterprise zones, as well as any CDBG- eligible block in the corporate limits of the City outside Loop 820, as more specifically depicted in the map attached hereto as Exhibit "B", attached hereto and hereby made a part of this Agreement for all purposes. Central City Employment Commitment has the meaning ascribed to it in Section 4.5.3. Page 2 Economic Development Program Agreement between City of Fort Worth and Galderma Laboratories.L.P. Central City Employment, Percentage has the meaning ascribed to it in Section 6.6. Central City Resident means an individual whose principal place of residence is at a location within the Central City. Certificate of Completion has the meaning ascribed to it in Section 5. Completion Date means the date as of which all occupiable space within the Required Improvements has received a temporary or permanent certificate of occupancy. Completion Deadline means December 31, 2016. Construction Costs means the following costs expended directly for the Required Improvements: actual site development and construction costs; contractor fees; costs of supplies and materials; engineering fees; architectural fees; and design fees. For removal of doubt, property acquisition costs do not constitute "Construction Costs." Development Site has the meaning ascribed to it in Recital A. Director means the director of the City's Economic Development Department or his authorized designee. Effective Date has the meaning ascribed to it in Section 3. Existing Site has the meaning ascribed to it in Recital A. Fort Worth Certified M/WBE Company means a minority- or woman-owned business that (i) has received certification as either a minority business enterprise (MBE), a woman business enterprise (WBE) or a disadvantaged business enterprise (DBE) by the North Central Texas Regional Certification Agency (NCTRCA); (ii) has a principal business office located within the corporate limits of the City that performs a commercially useful function; and (iii) has provided from such office the services or sales that Company is seeking to have counted under this Agreement. Fort Worth Construction Percentage has the meaning ascribed to it in Section 6.2. Fort Worth Construction Spending Commitment has the meaning ascribed to it in Section 4.4.1. Fort Worth Employment Commitment has the meaning ascribed to it in Section 4.5.2. Page 3 Economic Development Program Agreement between City of Fort Worth and Galderma Laboratories.L.P. Fort Worth Employment Percentage has the meaning ascribed to it in Section 6.5. Fort Worth Resident means an individual whose principal place of residence is at a location within the corporate limits of the City. Fort Worth Supply and Service Spending Commitment has the meaning ascribed to it in Section 4.6.1. Fort Worth Supply and Service Spending Percentage has the meaning ascribed to it in Section 6.7. Full-time Job means a job provided to one (l) individual by Company for at least forty (40) hours per week. M/WBE Construction Percentage has the meaning ascribed to it in Section 6.3. M/WBE Construction Spending Commitment has the meaning ascribed to it in Section 4.4.2. M/WBE Supply and Service Percentage has the meaning ascribed to it in Section 6.8. M/WBE Supply and Service Spending Commitment has the meaning ascribed to it in Section 4.6.2. New Taxable Tangible Personal Property means any personal property that (i) is subject to ad valorem taxation by the City; (ii) is located on the Development Site; (iii) is owned or leased by Company; and (iv) was not located in the City prior to the Effective Date of this Agreement. Overall Employment Commitment has the meaning ascribed to it in Section 4.5.1. Overall Employment Percentage has the meaning ascribed to it in Section 6.4. Personal Property Commitment has the meaning ascribed to it in Section 4.3. Program Grants means the annual economic development grants paid by the City to Company in accordance with this Agreement and as part of the 380 Program. Program Source Funds means an amount of City funds available for inclusion in a given Program Grant, which will equal a percentage (calculated in accordance with this Agreement) of the Project Real Property Tax Revenues, plus a percentage (calculated in accordance with this Agreement) of the Project Personal Property Tax Revenues received Page 4 Economic Development Program Agreement between City of Fort Worth and Galderma Laboratories.L.P. by the City during the Twelve-Month Period ending in the same year in which the Program Grant is payable. Proiect Personal Property Tax Revenues means City ad valorem taxes on New Taxable Tangible Personal Property located on the Development Site (but not the Existing Site). The taxable appraised value of New Taxable Tangible Personal Property located on the Development Site for any given year will be established solely by the appraisal district that has jurisdiction over the Development Site at the time. Proiect Real Property Tax Revenues means City ad valorem taxes on the Development Site (but not the Existing Site) and any improvements thereon, including the Required Improvements, minus the taxes attributable to the base collective taxable appraised value of the Development Site and all improvements thereon for the 2015 tax year, which base collective taxable appraised value (with AG exemption) is One Thousand Six Hundred Thirty-six Dollars ($1,636.00). The taxable appraised value of the Development Site and any improvements located thereon, including the Required Improvements, for any given year will be established solely by the appraisal district that has jurisdiction over the Development Site at the time. Real Property Commitment has the meaning ascribed to it in Section 4.2. Records has the meaning ascribed to it in Section 4.9. Required Improvements has the meaning ascribed to it in Recital A. Salary means a cash payment or remuneration made by Company to an individual for services rendered as an employee to Company, including any paid time off, commissions, or non-discretionary bonuses paid in accordance with Company's published bonus plan, but does not include the value of any benefits provided to an employee, any reimbursements for actual and necessary expenses incurred by the employee in the course and scope of the employee's job duties, or any discretionary bonuses. Supply and Service Expenditures means all expenditures by Company expended directly for the operation and maintenance of the Development Site and the Existing Site and all improvements thereon, including the Required Improvements, excluding amounts paid for electric, gas, water and any other utility services as well as any amounts paid for temporary direct labor on the Development Site or the Existing Site. Term has the meaning ascribed to it in Section 3. Twelve-Month Period means the period between February l of a given year and January 31 of the following year. Page 5 Economic Development Program Agreement between City of Fort Worth and Galderma laboratories. L.P. U.S. Headquarters Operations means the only U.S. office performing Company's business operations that include marketing, sales, medical and regulatory affairs. 3. TERM. This Agreement will be effective as of the date of execution by both parties (the "Effective Date") and, unless terminated earlier pursuant to and in accordance with this Agreement, will expire on the date as of which the City has paid all Program Grants required hereunder (the "Term"). 4. COMPANY OBLIGATIONS AND COMMITMENTS. 4.1. Use of Development Site; Maintenance of U.S. Headquarters Operations in City. From the Completion Date until expiration of the Term of this Agreement, Company must (i) use the Development Site as an office facility for Company's business operations and (ii) maintain its U.S. Headquarters Operations at a location in the City. 4.2. Real Property Improvements. Company must expend or cause to be expended at least Eleven Million Two Hundred Fifty Thousand Dollars ($11,250,000.00) in Construction Costs for the Required Improvements by the Completion Date, and the Completion Date must occur on or before the Completion Deadline (collectively, the "Real Property Commitment"). 4.3. Personal Property Improvements. Company covenants and agrees that New Taxable Tangible Personal Property having a value of at least Two Million Five Hundred Fifty Thousand Dollars ($2.550,000.00) must be in place on the Development Site by January 1, 2017 (the "Personal Property Commitment"). Company may elect for compliance with the Personal Property Commitment to be verified on the basis of either the taxable appraised value of the New Taxable Tangible Personal Property established by the appraisal district having jurisdiction over the Development Site for the 2017 tax year or receipts and other documentation reasonably requested by the City that reflect the actual purchase price of New Taxable Tangible Personal Property purchased on or before the Completion Deadline. Company must provide written notice to the City by the Completion Deadline as to which method of verification it elects. If Company elects for the City to verify compliance with the Personal Property Commitment on the basis of receipts and other documentation reasonably requested by the City, Company must provide the City Page 6 Economic Development Program Agreement between City of Fort Worth and Galderma Laboratories.L.P. { with such documentation by March 31, 2017, with the understanding that only New Taxable Tangible Personal Property purchased on or before the Completion Deadline will be counted. 4.4. Construction Spending Commitments 4.4.1. Construction Spending with Fort Worth Companies. Company must expend or cause to be expended by the Completion Date the greater of at least (i) Two Million Eight Hundred Twelve Thousand Five Hundred Dollars ($2,812,500.00) in Construction Costs for the Required Improvements or (ii) twenty-five percent (25%) of all Construction Costs for the Required Improvements, regardless of the total amount of such Construction Costs, with Fort Worth Companies (the "Fort Worth Construction Spending Commitment"). 4.4.2. Construction Spending with Fort Worth Certified NMBE Companies. Company must expend or cause to be expended by the Completion Date the greater of at least (i) Two Million Eight Hundred Twelve Thousand Five Hundred Dollars ($2,812,500.00) in Construction Costs for the Required Improvements or (ii) twenty-five percent (25%) of all Construction Costs for the Required Improvements, regardless of the total amount of such Construction Costs, with Fort Worth Certified M/WBE Companies (the "M/WBE Construction Spending Commitment"). Dollars spent with Fort Worth Certified M/WBE Companies will also count as dollars spent with Fort Worth Companies for purposes of measuring the Fort Worth Construction Spending Commitment, and, thus, attainment of the MIWBE Construction Spending Commitment will also constitute attainment of the Fort Worth Construction Commitment. 4.5. Emplovment Commitments. Determination each year of compliance with the following employment commitments will be based on the employment data provided to the City pursuant to Section 4.7.4 for the year under evaluation. 4.5.1. Overall Employment. Company must meet or exceed the following levels of overall employment for the calendar years specified below (for each year below, the "Overall Employment Commitment"). 4.5.1.1. 2016-2019. Page 7 Economic Development Program Agreement between City of Fort Worth and Galderma Laboratories.L.P. l By the Completion Deadline, and in each year thereafter through 2019, Company will meet the Overall Employment Commitment if Company provides and fills at least 320 Full-time Jobs on the Development Site and the Existing Site, collectively. 4.5.1.2. 2020 through Expiration of Term. Beginning in 2020 and in each year thereafter through the end of the Term of this Agreement, Company must provide and fill at least 622 Full-time Jobs on the Development Site and the Existing Site, collectively. 4.5.2. Employment of Fort Worth Residents. Company must meet or exceed the following levels of employment of Fort Worth Residents for the calendar years specified below (for each year below, the "Fort Worth Employment Commitment"). Full-time Jobs held by Fort Worth Residents in a given year will also count as Full- time Jobs for purposes of measuring the Overall Employment Commitment in the same year. 4.5.2.1. 2016-2019. By the Completion Deadline, and in each year thereafter through 2019, Company will meet the Fort Worth Employment Commitment if in the year under evaluation at least the greater of(i) 80 Full-time Jobs on the Development Site and the Existing Site, collectively, or (ii) twenty-five percent (25%) of all Full-time Jobs on the Development Site and the Existing Site, collectively, regardless of the total number of Full-time Jobs provided and filled thereon, were held by Fort Worth Residents. 4.5.2.2. 2020 through Expiration of Term. Beginning in 2020 and in each year thereafter through the end of the Term of this Agreement, Company will meet the Fort Worth Employment Commitment if in the year under evaluation at least the greater of (i) 162 Full-time Jobs on the Development Site and the Existing Site, collectively, or (ii) twenty-five percent (25%) of all Full-time Jobs on the Development Site and the Existing Site, collectively, regardless of the total number of Full-time Jobs provided and filled thereon, were held by Fort Worth Residents. Page 8 Economic Development Program Agreement between City of Fort Worth and Galderma Laboratories.L.P. 4.5.3. Employment of Central City Residents. Company must meet or exceed the following levels of employment of Central City Residents for the calendar years specified below (for each year below, the "Central City Employment Commitment"). Full-time Jobs held by Central City Residents in a given year will also count as Full- time Jobs for purposes of measuring the Overall Employment Commitment and the Fort Worth Employment Commitment in the same year. 4.5.3.1. 2016-2019. By the Completion Deadline, and in each year thereafter through 2019, Company will meet the Central City Employment Commitment if in the year under evaluation at least the greater of(i) 32 Full-time Jobs on the Development Site and the Existing Site, collectively, or (ii) ten percent (10%) of all Full- time Jobs on the Development Site and the Existing Site, collectively, regardless of the total number of Full-time Jobs provided and filled thereon, were held by Central City Residents. 4.5.3.2. 2020 through Expiration of Term. Beginning in 2020 and in each year thereafter through the end of the Term of this Agreement. Company will meet the Central City Employment Commitment if in the year under evaluation at least the greater of(i) 62 Full-time Jobs on the Development Site and the Existing Site, collectively, or (ii) ten percent (10%) of all Full-time Jobs on the Development Site and the Existing Site, collectively, regardless of the total number of Full-time Jobs provided and filled thereon, were held by Central City Residents. 4.5.4. Average Annual Salary. Beginning in 2016 and in each subsequent year of the Term of this Agreement, the average annual Salary, measured on a calendar year basis, of all Full-time Jobs on the Development Site and the Existing Site, collectively, must be at least One Hundred Ten Thousand Dollars ($110,000.00). Page 9 Economic Development Program Agreement between Citv of Fort Worth and Gaiderma Laboratories.L.P. 4.6. Supply and Service Spending Commitments. 4.6.1. Supply and Service Expenditures with Fort Worth Companies. Beginning in calendar year 2016, and in each calendar year thereafter during the Term of this Agreement, Company annually must expend at least Five Hundred Thousand Dollars ($500,000.00) in Supply and Service Expenditures with Fort Worth Companies (the "Fort Worth Supply and Service Spending Commitment"). 4.6.2. Supply and Service Expenditures with Fort Worth Certified M/WBE Companies. Beginning in calendar year 2016, and in each calendar year thereafter during the Term of this Agreement. Company annually must expend at least Two Hundred Fifty Thousand Dollars ($250,000.00) in Supply and Service Expenditures with Fort Worth Certified M/WBE Companies (the "M/WBE Supply and Service Spending Commitment"). Dollars spent with Fort Worth Certified M/WBE Companies will also count as dollars spent with Fort Worth Companies for purposes of measuring the Fort Worth Supply and Service Spending Commitment outlined in Section 4.6.1. 4.7. Reports and Filings. In addition to any documentation required for the City to ascertain compliance with the Personal Property Commitment, as outlined in Section 4.3, Company must provide the City with the following reports and filings: 4.7.1. plan for Use of Fort Worth Certified M/WBE Companies. By the Effective Date, Company has filed a plan with the Director as to how Company intends to meet the M/WBE Construction Commitment the M/WBE Supply and Service Spending Commitment. Company agrees to meet with the City's Business Diversity Office as reasonably necessary for assistance in implementing such plan and to address any concerns that the City may have with such plan. 4.7.2. Construction Spending Reports. 4.7.2.1. Monthlv Reports. From the Effective Date until the Completion Date, Company must provide the Director with a monthly report in a form reasonably acceptable to the Director that specifically outlines (i) the then-current aggregate Construction Costs Page 10 Economic Development Program Agreement between City of Fort Worth and Galderma Laboratories.L.P. expended or caused to be expended for the Required Improvements; (ii) the then-current aggregate Construction Costs expended or caused to be expended with Fort Worth Companies for the Required Improvements; and (iii) the then-current aggregate Construction Costs expended or caused to be expended with Fort Worth Certified M/WBE Companies for the Required Improvements. 4.7.2.2. Final Construction Reports. Within sixty (60) calendar days following the Completion Date, in order for the City to assess whether Company expended or caused to be expended at least Eleven Million Two Hundred Fifty Thousand Dollars ($11,250,000.00) in Construction Costs for the Required Improvements by the Completion Date, and the extent to which the Fort Worth Construction Spending Commitment and the M/WBE Construction Spending Commitment were met, Company must provide the Director with a report in a form reasonably acceptable to the Director that specifically outlines (i) the total Construction Costs expended or caused to be expended for the Required Improvements as of the Completion Date; (ii) the total Construction Costs expended or caused to be expended with Fort Worth Companies for the Required Improvements as of the Completion Date; and (iii) the total Construction Costs expended or caused to be expended with Fort Worth Certified M/WBE Companies for the Required Improvements as of the Completion Date, together with supporting invoices and other documents necessary to demonstrate that such amounts were actually paid, including, without limitation, final lien waivers signed by the general contractor for the Required Improvements. 4.7.3. Personal Property Report. In order for the City to track its obligations under this Agreement, Company will notify the Director in writing once it believes that the Personal Property Commitment has been attained. 4.7.4. Annual Employment Report. On or before February 1, 2017 and February 1 of each year thereafter, in order for the City to assess the degree to which the Overall Employment Commitment for the previous calendar year, the Fort Worth Employment Commitment for the previous calendar year, and the Central City Employment Commitment for the previous calendar year were met, as well as to verify the average annual Salary of all Full-time Jobs on the Page 1 I Economic Development Program AgreemenL between City of Fort Worth and Galderma Laboratories.L.P. Development Site and the Existing Site, Company must provide the Director with a report in a form reasonably acceptable to the Director that sets forth the total number of individuals, Fort Worth Residents, and Central City Residents who held Full-time Jobs on the Development Site and the Existing Site, collectively, as well as the Salary of each, all as of December 31 (or such other date requested by Company and reasonably acceptable to the City) of the previous year, together with reasonable supporting documentation. 4.7.5. Annual Supply and Service Spending Report. On or before February 1, 2017 and February 1 of each year thereafter, in order for the City to assess the degree to which the Fort Worth Supply and Service Spending Commitment and the M/WBE Supply and Service Spending Commitment were met in the previous calendar year, Company must provide the Director with a report in a form reasonably acceptable to the Director that sets forth the aggregate Supply and Service Expenditures made during such calendar year with Fort Worth Companies and with Fort Worth Certified M/WBE Companies. 4.8. Inspections of Development Site. At any time during Company's normal business hours throughout the Term and following reasonable notice to Company, the City will have the right to inspect and evaluate the Development Site and any improvements thereon, including the Required Improvements, and Company will provide full access to the same, in order for the City to monitor compliance with the terms and conditions of this Agreement. Company will cooperate fully with the City during any such inspection and evaluation. Notwithstanding the foregoing, Company will have the right to require that any representative of the City be escorted by a representative or security personnel of Company during any such inspection and evaluation. 4.9. Audits. The City will have the right throughout the Term to audit the financial and business records of Company or any Affiliate that relate to the Required Improvements and the Development Site as well as any other documents necessary to evaluate Company's compliance with this Agreement or with the commitments set forth in this Agreement (collectively "Records"). Company must make all Records available to the City on the Development Site or at another location in the City acceptable to both parties following reasonable advance notice by the City and will otherwise cooperate fully with the City during any audit. Page 12 Economic Development Program agreement between City of Fort Worth and Galderma Laboratories,LP. 5. CERTIFICATE OF COMPLETION. Within ninety (90) calendar days following receipt by the City of the final construction spending report for the Required Improvements submitted in accordance with Section 4.7.2.2, and assessment by the City of the information contained therein pursuant to Sections 4.8 and 4.9, if the City is able to verify attainment of the Real Property Commitment set forth in Section 4.2 (that is, that Company expended or caused to be expended at least Eleven Million Two Hundred Fifty Thousand Dollars ($11,250,000.00) in Construction Costs for the Required Improvements by the Completion Date, and that the Completion Date occurred on or before the Completion Deadline), the Director will issue Company a certificate stating the amount of Construction Costs expended for the Required Improvements, and the amounts of such Construction Costs expended specifically with Fort Worth Companies and Fort Worth Certified M/WBE Companies (the "Certificate of Completion"). The Certificate of Completion will also serve as the basis for determining the extent to which the Fort Worth Construction Spending Commitment and the M/WBE Construction Spending Commitment were met. 6. PROGRAM GRANTS. As more specifically set forth herein, if both the Real Property Commitment set forth in Section 4.2 and the Personal Property CoiTunitment set forth in Section 4.3 were met. Company will be entitled to receive ten (10) annual Program Grants, payment of which will begin in 2017 and end in 2026. The amount of each Program Grant will equal a percentage of the Program Source Funds available for that Program Grant, which percentage will be based on the extent to which the various commitments set forth in Section 4 were met and, specifically, will equal the sum of the Base Grant Percentage, the Fort Worth Construction Percentage, the M/WBE Construction Percentage, the Overall Employment Percentage, the Fort Worth Employment Percentage, the Central City Employment Percentage, the Fort Worth Supply and Service Percentage and the M/WBE Supply and Service Percentage, as defined in Section 6.1, 6.2, 6.3, 6.4, 6.5, 6.6, 6.7 and 6.8. In no event will any Program Grant exceed fifty percent (50%) of the Program Source Funds available for that year's Program Grant. 6.1. Attainment of Real Property Commitment and Personal Property Commitment (15%). Provided that the City is able to verify that both the Real Property Commitment set forth in Section 4.2 and the Personal Property Commitment set forth in Section 4.3 were met, each annual Program Grant will include fifteen percent (15%) of the Program Source Funds available for that year's Program Grant (the "Base Grant Percentage"). Pa-e 13 Economic Development Program Agreement between City of Fort Worth and Galderma Laboratories. L.P. 6.2. Fort Worth Construction Spending Commitment(Up to 5%). A percentage of each Program Grant will be based on the extent to which the Fort Worth Construction Spending Commitment, as outlined in Section 4.4.1, was met (the "Fort Worth Construction Percentage"). The Fort Worth Construction Percentage will equal the product of five percent (5%) multiplied by the percentage by which the Fort Worth Construction Spending Commitment was met, which will be calculated by dividing the actual Construction Costs expended for the Required Improvements by the Completion Date with Fort Worth Companies by the number of dollars comprising the Fort Worth Construction Spending Commitment, as determined in accordance with Section 4.4.1. For example, if Company expended or caused to be expended $12,000,000.00 in Construction Costs for the Required Improvements, the Fort Worth Construction Spending Commitment would be $3,000,000.00 (25% of $12,000,000.00). If only $2,400,000.00 in Construction Costs for the Required Improvements were expended with Fort Worth Companies by the Completion Date, the Fort Worth Construction Percentage for each Program Grant would be 4% instead of 5% (or .05 x [$2.4 million/$3 million], or .05 x .80, or .04). If the Fort Worth Construction Spending Commitment was met or exceeded, the Fort Worth Construction Percentage for each Program Grant will be five percent (5%). 6.3. M/WBE Construction Spending Commitment (Up to 5%). A percentage of each Program Grant will be based on the extent to which the M/WBE Construction Spending Commitment, as outlined in Section 4.4.2, was met (the "M/WBE Construction Percentage"). The M/WBE Construction Percentage will equal the product of five percent (5%) multiplied by the percentage by which the M/WBE Construction Spending Commitment was met, which will be calculated by dividing the actual Construction Costs expended for the Required Improvements by the Completion Date with Fort Worth Certified M/WBE Companies by the number of dollars comprising the M/WBE Construction Spending Commitment, as determined in accordance with Section 4.4.2. if the M/WBE Construction Spending Commitment was met or exceeded, the M/WBE Construction Percentage for each Program Grant will be five percent (5%). 6.4. Overall Employment Commitment (Up to 10%). Each annual Program Grant will include a percentage of the Program Source Funds available for that year's Program Grant that is based on Company's compliance with the Overall Employment Commitment in the previous calendar year, as outlined in Section 4.5.1 (the "Overall Employment Percentage"). The Overall Employment Percentage for each Program Grant will equal the product of ten percent (10%) multiplied by the percentage by which the Overall Employment Commitment was met in the previous calendar year, which will be calculated by dividing the actual number of Full-time Jobs provided and filled on the Page 14 Economic Development Program Agreement between Citv of Fort Worth and Galderma Laboratories. L.P. Development Site and the Existing Site, collectively, in the previous calendar year by the minimum number of Full-time Jobs that must be provided and filled thereon in that year, as set forth in Section 4.5.1, in order to meet the Overall Employment Commitment. For example, the Overall Employment Commitment for calendar year 2021 is 622 Full-time Jobs. If in 2021 only 575 Full-time Jobs were provided and filled on the Development Site and the Existing Site, collectively, the Overall Employment Percentage for the Program Grant payable in the following year would be 9.24% instead of 10% (or .10 x [575/6221), or .10 x .9244, or .0924). If the Overall Employment Commitment is met or exceeded in any given year, the Overall Employment Percentage applicable the Program Grant payable in the following year will equal ten percent (10%). 6.5. Fort Worth Employment Commitment (Up to 5%). Each annual Program Grant will include a percentage of the Program Source Funds available for that year's Program Grant that is based on Company's compliance with the Fort Worth Employment Commitment in the previous calendar year, as outlined in Section 4.5.2 (the "Fort Worth Employment Percentage"). The Fort Worth Employment Percentage for each Program Grant will equal the product of five percent (5%) multiplied by the percentage by which the Fort Worth Employment Commitment was met in the previous calendar year, which will be calculated by dividing the actual number of Full-time Jobs provided on the Development Site and the Existing Site, collectively, that were filled by Fort Worth Residents in the previous calendar year by the applicable number of Full-time Jobs constituting the Fort Worth Employment Commitment for the previous calendar year, as outlined in Section 4.5.2. For example, if 700 Full- time Jobs were provided and filled on the Development Site and the Existing Site, collectively, in 2021, under Section 4.5.2.2 the Fort Worth Employment Commitment for that year would be 175 Full-time Jobs (25% of 700 Full-time Jobs). However, if only 140 Full-time Jobs provided on the Development Site and the Existing Site in that year were filled with Fort Worth Residents, the Fort Worth Employment Percentage for the Program Grant payable in the following year would be 4% instead of 5% (or .05 x [I40/175]), or .05 x .80, or .04). If the Fort Worth Employment Commitment is met or exceeded in any given year, the Fort Worth Employment Percentage applicable the Program Grant payable in the following year will equal five percent (5%). 6.6. Central City Employment Commitment(Up to 5%). Each annual Program Grant will include a percentage of the Program Source Funds available for that year's Program Grant that is based on Company's compliance with the Central City Employment Commitment in the previous calendar year, as outlined in Section 4.5.3 (the "Central City Employment Percentage"). The Central City Employment Percentage for each Program Grant will equal the product of five percent (5%) multiplied by the percentage by which the Central City Employment Commitment was met in the previous calendar year, Page 15 Economic Development Program Agreement between City of f=ort Worth and Galderma Laboratories.L.11. which will be calculated by dividing the actual number of Full-time Jobs provided on the Development Site and the Existing Site, collectively, that were filled by Central City Residents in the previous calendar year by the applicable number of Full-time Jobs constituting the Central City Employment Commitment for the previous calendar year, as outlined in Section 4.5.3. If the Central City Employment Commitment is met or exceeded in any given year, the Central City Employment Percentage applicable the Program Grant payable in the following year will equal five percent (5%). 6.7. Fort Worth Supply and Service Spending (Up to 2.5%). Each annual Program Grant will include a percentage of the Program Source Funds available for that year's Program Grant that is based on Company's compliance with the Fort Worth Supply and Service Spending Commitment in the previous calendar year, as outlined in Section 4.6.1 (the "Fort Worth Supply and Service Percentage"). The Fort Worth Supply and Service Percentage for each Program Grant will equal the product of two and one-half percent (2.5%) multiplied by the percentage by which the Fort Worth Supply and Service Commitment was met in the previous calendar year, which will be calculated by dividing the amount of Supply and Service Expenditures made with Fort Worth Companies in the previous calendar year by $500,000.00, which constitutes the Fort Worth Supply and Service Commitment for each year, as outlined in Section 4.6.1. For example. if Company made only $425,000.00 in Supply and Service Expenditures with Fort Worth Companies in a given year, the Fort Worth Supply and Service Percentage for the Program Grant payable in the following year would be 2.125% instead of 2.5% (or .025 x [$425,0001500,000]), or .025 x .85, or .02125). If the Fort Worth Supply and Service Commitment is met or exceeded in any given year, the Fort Worth Supply and Service Percentage applicable the Program Grant payable in the following year will equal two and one-half percent(2.5%). 6.8. Fort Worth M/WBE Supply and Service Spending(Up to 2.5%). Each annual Program Grant will include a percentage of the Program Source Funds available for that year's Program Grant that is based on Company's compliance with the M/WBE Supply and Service Spending Commitment in the previous calendar year, as outlined in Section 4.6.2 (the "M/WBE Supply and Service Percentage"). The M/WBE Supply and Service Percentage for each Program Grant will equal the product of two and one-half percent (2.5%) multiplied by the percentage by which the M/WBE Supply and Service Commitment was met in the previous calendar year, which will be calculated by dividing the amount of Supply and Service Expenditures made with Fort Worth Certified M/WBE Companies in the previous calendar year by $250,000.00, which constitutes the M/WBE Supply and Service Commitment for each year, as outlined in Section 4.6.2. if the M/WBE Supply and Service Commitment is met or exceeded in any given year, the M/WBE Supply and Service Percentage Page 16 Economic Development Program Agreement between City of Fort Worth and Galderma Laboratories, L.P. applicable the Program Grant payable in the following year will equal two and one-half percent (2.5%). 6.9. No Offsets. A deficiency in attainment of one commitment may not be offset by the exceeding attainment of another commitment. For example, if in a given year the Central City Employment Commitment failed to be met by six (6) Full-time Jobs, but the Fort Worth Employment Commitment was exceeded by six (6) Full-time Jobs, the Central City Employment Percentage applicable to the Program Grant payable in the following year would still be reduced in accordance with Section 6.6 on account of the failure to meet the Central City Employment Commitment. 6.10. Deadline for Payments and Source of Funds. The first Program Grant payable hereunder will be paid by the City on or before June 1, 2017. Each subsequent annual Program Grant payment will be made by the City to Company on or before June 1 of the year in which such payment is due. It is understood and agreed that all Program Grants paid pursuant to this Agreement will come from currently available general revenues of the City and not directly from ad valorem taxes on the Development Site or improvements thereon or on New Taxable Tangible Personal Property that are received by the City. Company understands and agrees that any revenues of the City other than those dedicated for payment of a given annual Program Grant pursuant to and in accordance with this Agreement may be used by the City for any lawful purpose that the City deems necessary in the carrying out of its business as a home rule municipality and will not serve as the basis for calculating the amount of any future Program Grant or other obligation to Company. 7. APPLICATION FEE AND FEE CREDIT. Company has paid an economic development incentive application fee of $5,000.00. Of this, $2,000.00 is non-refundable and will be used to offset costs incurred by City staff in processing the application and preparing this Agreement. The remaining $3,000.00 may be used by Company for application toward any fees charged by the City in connection with the Required Improvements on or before the Completion Deadline. After the Completion Deadline, any unused balance of this credit will be refunded to Company within thirty (30) days following receipt of a written request from Company. Page 17 Economic Development Program Agreement between City of Fort Worth and Galderma Laboratories.L.P. 8. DEFAULT, TERMINATION AND FAILURE BY COMPANY TO MEET VARIOUS DEADLINES AND COMMITMENTS. 8.1. Failure to Meet Real Property Commitment or Personal Property Commitment. Notwithstanding anything to the contrary herein, the City will have the right to terminate this Agreement immediately upon provision of written notice to Company, without further obligation to Company hereunder, if the Real Property Commitment, as outlined in Section 4.2, is not met or the Personal Property Commitment. as outlined in Section 43, is not met. 8.2. Failure to Use Development Site for Business Purposes; Failure to Maintain U.S. Headquarters Operations. If Company (i) fails to use the Development Site as an office facility for Company's business operations for more than thirty (30) consecutive calendar days at any time during the Term of this Agreement for any reason (other than on account of Company's temporary displacement caused by a casualty to the Development Site and resulting ongoing repairs or restoration to the Development Site necessitated by such casualty), or (ii) fails to maintain its U.S. Headquarters Operations at a location in the City for more than thirty (30) consecutive calendar days at any time during the Tenn of this Agreement for any reason (other than on account of Company's temporary displacement caused by a casualty to such location and resulting ongoing repairs or restoration to that location necessitated by such casualty), Company will be in default under this Agreement and the City will have the right to terminate this Agreement following provision of notice and opportunity to cure in accordance with Section 8.6. 8.3. Failure to Meet Average Annual Salary Requirement. Notwithstanding anything to the contrary herein, if in 2016 or any subsequent year of the Term of this Agreement, the average annual Salary, measured on a calendar year basis, of all Full-time Jobs on the Development Site and the Existing Site, collectively, is not at least One Hundred Ten Thousand Dollars ($110,000.00), Company will forfeit payment of the Program Grant it otherwise would have been owed in the following year. In this event, the City will nevertheless be credited as having paid Company a Program Grant in that year for purposes of calculating the Term of this Agreement and the number of remaining Program Grants that the City is obligated to pay hereunder. Page 18 Economic Development Program Agreement between Citv of Fort Worth and Galderma Laboratories. L.P. x w 8.4. No Default for Failure to Meet Fort Worth and M/WBE Construction Spending Commitments,Employment Commitments or Supply and Service Spending Commitments. If the Fort Worth Construction Spending Commitment or the M/WBE Construction Spending Commitment are not met, or the Overall Employment Commitment, the Fort Worth Employment Commitment, the Central City Employment Commitment, the Fort Worth Supply and Service Spending Commitment, or the M/WBE Supply and Service Spending Commitment are not met in any given year, such failure will not constitute a default hereunder or provide the City with the right to terminate this Agreement, but, rather, will only cause the amount of the Program Grant that the City is required to pay in the following year to be reduced in accordance with this Agreement. 8.5. Failure to Submit Reports. If Company fails to submit any report required by and in accordance with Section 4.7, the City's obligation to pay any Program Grants at the time, if any, will be suspended until Company has provided all required reports; provided, however, that if any report required hereunder is delinquent by more than one (1) year, the City will have the right to terminate this Agreement following provision of notice and opportunity to cure in accordance with Section 8.6. 8.6. General Breach. Unless stated elsewhere in this Agreement, Company will be in default under this Agreement if Company breaches any term or condition of this Agreement. In the event that such breach remains uncured after thirty (30) calendar days following receipt of written notice from the City referencing this Agreement (or, if Company has diligently and continuously attempted to cure following receipt of such written notice but reasonably requires more than thirty (30) calendar days to cure, then such additional amount of time as is reasonably necessary to effect cure, as determined by both parties mutually and in good faith), the City will have the right to terminate this Agreement immediately by providing written notice to Company. 8.7. Knowing Employment of Undocumented Workers. Company acknowledges that the City is required to comply with Chapter 2264 of the Texas Government Code, enacted by House Bill 1196 (80th Texas Legislature), which relates to restrictions on the use of certain public subsidies. Company hereby certifies that Company, and any branches, divisions, or departments of Company, does not and will not knowingly employ an undocumented worker, as that term is defined by Section 2264.00](4) of the Texas Government Code. In the event that Company,or any branch, division, or department of Company, is convicted of a violation under 8 U.S.C. Section Page 19 Economic Development Program Agreement between City of Fort Worth and Galderma Laboratories,L.P. 8.4. No Default for Failure to Meet Fort Worth and M/WBE Construction Spending Commitments, Eu ployment Commitments or Supply and Service Spending Commitments. If the Fort Worth Construction Spending Commitment or the M/WBE Construction Spending Commitment are not met, or the Overall Employment Commitment, the Fort Worth Employment Commitment, the Central City Employment Commitment, the Fort Worth Supply and Service Spending Commitment. or the M/WBE Supply and Service Spending Commitment are not met in any given year, such failure will not constitute a default hereunder or provide the City with the right to terminate this Agreement, but, rather, will only cause the amount of the Program Grant that the City is required to pay in the following year to be reduced in accordance with this Agreement. 8.5. Failure to Submit Reports. If Company fails to submit any report required by and in accordance with Section 4.7, the City's obligation to pay any Program Grants at the time, if any, will be suspended until Company has provided all required reports; provided, however, that if any report required hereunder is delinquent by more than one (1) year, the City will have the right to terminate this Agreement following provision of notice and opportunity to cure in accordance with Section 8.6. 8.6. General Breach. Unless stated elsewhere in this Agreement, Company will be in default under this Agreement if Company breaches any term or condition of this Agreement. In the event that such breach remains uncured after thirty (30) calendar days following receipt of ATitten notice from the City referencing this Agreement (or, if Company has diligently and continuously attempted to cure following receipt of such written notice but reasonably requires more than thirty (30) calendar days to cure, then such additional amount of time as is reasonably necessary to effect cure, as detennined by both parties mutually and in good faith), the City will have the right to terminate this Agreement immediately by providing written notice to Company. 8.7. Knowing Employment of Undocumented Workers. Company acknowledges that the City is required to comply with Chapter 2264 or the Texas Government Code, enacted by House Bill 1196 (80th Texas Legislature), which relates to restrictions on the use of certain public subsidies. Company hereby certifies that Company, and any branches, divisions, or departments of Company, does not and will not knowingly employ an undocumented worker, as that term is defined by Section 2264.001'(4) of the Texas Government Code. In the event that Company, or any branch, division, or department of Company, is convicted of a violation under 8 U.S.C. Section Page 19 Economic Development Program Agreement between City of Fort Worth and Galderma Laboratories. L-P. 1324a(9 (relating to federal criminal penalties and injunctions for a pattern or practice of employing unauthorized aliens): • if such conviction occurs during the Term of this Agreement, this Agreement will terminate contemporaneously upon such conviction (subject to any appellate rights that may lawfully be available to and exercised by Company), and Company must repay, within one hundred twenty (120) calendar days following receipt of written demand from the City, the aggregate amount of the Program Grants received by Company hereunder, if any,plus Simple Interest at a rate of four percent(4%)per annum;or • if such conviction occurs after expiration or termination of this Agreement, subject to any appellate rights that may lawfully be available to and exercised by Company, Company must repay, within one hundred twenty (120) calendar days following receipt of written demand from the City, the aggregate amount of the Program Grants received by Company hereunder, if any,plus Simple Interest at a rate of four percent(4916)per annum. For the purposes of this Section 8.7, "Simple Interest" is defined as a rate of interest applied only to an original value, in this case the aggregate amount of Program Grants paid hereunder. This rate of interest can be applied each year, but will only apply to the aggregate amount of Program Grants paid hereunder and is not applied to interest calculated. For example, if the aggregate amount of the Program Grants paid hereunder is $10,000 and such amount is required to be paid back with four percent (4%) interest five years later, the total amount would be $10,000 + [5 x ($10,000 x 0.04)], which is $12,000. This Section 8.7 does not apply to convictions of any subsidiary or affiliate entity of Company, by any franchisees of Company, or by a person or entity with whom Company contracts. Notwithstanding anything to the contrary herein, this Section 8.7 will survive the expiration or termination of this Agreement. 9. INDEPENDENT CONTRACTOR. It is expressly understood and agreed that Company will operate as an independent contractor in each and every respect hereunder and not as an agent, representative or employee of the City. Company will have the exclusive right to control all details and day-to-day operations relative to the Required Improvements and the Development Site and any improvements thereon and will be solely responsible for the acts and omissions of its officers, agents, servants, employees, contractors, subcontractors, licensees and invitees. Company acknowledges that the doctrine of respondeat superior will not apply as between the City and Company, its officers,agents, servants, employees, contractors, subcontractors, licensees, and invitees. Company Page 20 Economic Development Program Agreement between City of Fort Worth and Galdertna Laboratories,L.P. further agrees that nothing in this Agreement will be construed as the creation of a partnership or joint enterprise between the City and Company. 10. INDEMNIFICATION. COMPANY, AT NO COST TO THE CITY, AGREES TO DEFEND, INDEMNIFY AND HOLD THE CITY, ITS OFFICERS, AGENTS SERVANTS AND EMPLOYEES, HARMLESS AGAINST ANY AND ALL CLAIMS, LAWSUITS, ACTIONS, COSTS AND EXPENSES OF ANY KIND, INCLUDING, BUT NOT LIMITED TO, THOSE FOR PROPERTY DAMAGE OR LOSS (INCLUDING ALLEGED DAMAGE OR LOSS TO COMPANY'S BUSINESS AND ANY RESULTING LOST PROFITS) AND/OR PERSONAL INJURY, INCLUDING DEATH, THAT MAY RELATE TO, ARISE OUT OF OR BE OCCASIONED BY (i) COMPANY'S BREACH OF ANY OF THE TERMS OR PROVISIONS OF THIS AGREEMENT OR (ii) ANY NEGLIGENT ACT OR OMISSION OR INTENTIONAL MISCONDUCT OF COMPANY, ITS OFFICERS, AGENTS, ASSOCIATES, EMPLOYEES, CONTRACTORS (OTHER THAN THE CITY) OR SUBCONTRACTORS, RELATED TO THE DEVELOPMENT SITE OR THE EXISTING SITE, OR ANY IMPROVEMENTS THEREON, INCLUDING THE REQUIRED IMPROVEMENTS, OR OTHERWISE TO THE PERFORMANCE OF THIS A GREEMENT. 11. NOTICES. All written notices called for or required by this Agreement must be addressed to the following, or such other party or address as either party designates in writing, by certified mail, postage prepaid, or by hand delivery: City: Company: City of Fort Worth Galderma Laboratories, L.P. Attn: City Manager Attn: Legal and Facilities 1000 Throckmorton 14501 North Freeway Fort Worth, TX 76102 Fort Worth, TX 76177-3304 with copies to: with a copy to: the City Attorney and Procurement Director Economic Development 14501 North Freeway Fort Worth, TX 76177-3304 Pagge 21 Economic Development Program Agreement between City of Fort Worth and Galderma Laboratories.L.P. 12. ASSIGNMENT AND SUCCESSORS. Company may at any time assign, transfer or otherwise convey any of its rights or obligations under this Agreement to an Affiliate without the approval of the City so long as Company, the Affiliate and the City first execute an agreement under which the Affiliate agrees to assume and be bound by all covenants and obligations of Company under this Agreement. Otherwise, Company may not assign, transfer or otherwise convey any of its rights or obligations under this Agreement to any other person or entity without the prior consent of the City Council, which consent will not be unreasonably withheld, conditioned on (i) the prior approval of the assignee or successor and a finding by the City Council that the proposed assignee or successor is financially capable of meeting the terms and conditions of this Agreement and (ii) prior execution by the proposed assignee or successor of a written agreement with the City under which the proposed assignee or successor agrees to assume and be bound by all covenants and obligations of Company under this Agreement. Any attempted assignment without the City Council's prior consent will constitute grounds for termination of this Agreement following ten (10) calendar days of receipt of written notice from the City to Company. Any lawful assignee or successor in interest of Company of all rights under this Agreement will be deemed "Company" for all purposes under this Agreement. 13. COMPLIANCE WITH LAWS, ORDINANCES, RULES AND REGULATIONS. This Agreement will be subject to all applicable federal, state and local laws, ordinances, rules and regulations, including, but not limited to, all provisions of the City's Charter and ordinances, as amended. 14. GOVERNMENTAL POWERS. It is understood that by execution of this Agreement, the City does not waive or surrender any of it governmental powers or immunities. 15. NO WAIVER. The failure of either party to insist upon the performance of any term or provision of this Agreement or to exercise any right granted hereunder will not constitute a waiver of that party's right to insist upon appropriate performance or to assert any such right on any future occasion. Page 22 Economic Development Program Agreement between City of Fort Worth and Galderma Laboratories.L.P. 16. VENUE AND JURISDICTION. If any action, whether real or asserted, at law or in equity, arises on the basis of any provision of this Agreement, venue for such action will lie in state courts located in Tarrant County, Texas or the United States District Court for the Northern District of Texas — Fort Worth Division. This Agreement will be construed in accordance with the laws of the State of Texas. 17. NO THIRD PARTY RIGHTS. The provisions and conditions of this Agreement are solely for the benefit of the City and Company, and any lawful assign or successor of Company, and are not intended to create any rights, contractual or otherwise, to any other person or entity. 18. INTERPRETATION. In the event of any dispute over the meaning or application of any provision of this Agreement, this Agreement must be interpreted fairly and reasonably, and neither more strongly for or against any party, regardless of the actual drafter of this Agreement. 19. CAPTIONS. Captions and headings used in this Agreement are for reference purposes only and will not be deemed a part of this Agreement. 20. SEVERABILITY. If any provision of this Agreement is held to be invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions will not in any way be affected or impaired. 21. ENTIRETY OF AGREEMENT. This Agreement, including any exhibits attached hereto and any documents incorporated herein by reference, contains the entire understanding and agreement between the City and Company, and any lawful assign and successor of Company, as to the matters contained herein. Any prior or contemporaneous oral or written agreement is hereby declared null and void to the extent in conflict with any provision of this Agreement. Notwithstanding anything to the contrary herein, this Agreement may not be amended unless executed in writing by both parties and approved by the City Council of the City in an open meeting held in accordance with Chapter 551 of the Texas Government Code. Page 23 Economic Development Program Agreement between City of Fort Worth and Galderma Laboratories,L.P. 22. COUNTERPARTS. This Agreement may be executed in multiple counterparts, each of which will be considered an original, but all of which will constitute one instrument. EXECUTED as of the last date indicated below: Page 24 Economic Development Program Agreement between City of Fort Worth and Galderma Laboratories. L.P. CITY OF FORT WORTH: GALDERMA LABORATORIES, L.P. a Texas limited partnership: By:Galderma General, LLC, a Delaware limited liability company and its general partner: By?esus � � ✓ By: J. Chapa Name: (,���nt;,� G3'CA / Assistant City Manager Title: V<<C Pr(S;Jeelf / Date: z-Z i. /4/7 Date: 3 APPROVED AS TO FORM AND LEGALITY: By: Peter Vaky Deputy City Attorney M&C: C°27'3916 07-28-15 12 2 0 1 �- Nq Al �td by. � • ° Wald P. Gonzales,Aist2CT6JqWA OFFICIAL RECORD CITY SECRETARY FT WORTH, TX Page Economic Development Program Agreement between City of Fort Worth and Galderma Laboratories,L.P. EXHIBITS "A"—Description and Map Depicting the Development Site "B"—Map of Central City Economic Development Program Agreement between Citv of Fort Worth and Galderma Laboratories,I.T. Exhibit"A"-Description and Map Depicting the Development Site Northeast corner of Texas Longhorn Way and Heritage Parkway TAMARM .• SrTE AREA 258,208 SF 15 N ACC B1lDHG AREA:100,000 SF C FAR:OS9 f r' PAWNG PROV.:389 SP PA&UIG RAW.3.8911000 p Heritage Pkwy&Texas Long hxll Way SP-03 0 {�( o.r.ae iw.rdr oee�Fn Economic Development Program Agreement between City of Fort Worth and Galderma Laboratories,L.P. MENTAGE PKWY l .�....... i i_� .� ��1 y i JAI•��_:.r"_,;.w_:�!4!!.: ` yl_.�'.:� ti. el h � _ f i /3 .d_ Economic t Development between City of Fort Worth and Galderma Laboratories,L.P. .r Y _r • f of OM*VM®t 107736 Lat 704700115095°N Irtl/Iryy♦ Lwr,il4=:./.al+,..• 0 100 200n Economic Development Program Agreement between City of Fort Worth and Galderma Laboratories,L.P. G,Ffbf B� 7 n d Tom 76M 762.6 - sd 79636 - 7iin 71116 1 76 7667!6 r 79135 Tt�22 L MIN 76663 n f M20 MIN 7111e 76601 ! 79116 79113 a 'J 76017 7901 f 76133 761 14 , 76011 76123 Legend t Ibitr ORTIJ 090712D14 t7r"calYnuma@of C costs HOtt �L'OEldt CDOCS cou" ° CDBG Eligible Areas & Central City Economic Development Program Agreement between City of Fort Worth and Galderma Laboratories,L.P.