HomeMy WebLinkAboutContract 30738-T1 FoRT WORTH.,
01 CITYSECMIMV�
P NTRACT NO,
'00
December 18, 2013
CERTIFIED .
[7013 1090 0000 2196 13451
Cott Beverages Inc.
Attn-., Legal Department
4211 W. Boy Scout Blvd.
Suite 290
Tampa, FL 33607
Re: Termination o f Tax Abatement Agreement
City Secretary Contract No. 30738 {the "Agreement"
Dear Sir or Madam.:
As of October 15, 2004 the City of .Fort, Worth (the "City and Cart Beverages Inc.
("Cott") entered. into the above-referenced Agreement lior construction of a bottling facility and
associated warehouse space (the "Required Improvements" on certain property in or around the
Centre ort Business Park, as more specifically set forth In the Agreement (the "Land"). fn
return for C tt's meeting various obligations under the Agreement, the City agreed to grant Cott
a l -year tax abatement on certain taxable tangible personal property located on the Land.
Cott, is re ulred to submit to the City regular reports concerning employment on the Lan .
and supply and service spending directly connected to the operation of the Required
wuired
Improvements, as well as any other documentation reasonably necessary for the City to evaluate
Cott's compliance with its obligations under the Agreement. Seeti n 3.3.6 of the Agreement
ent
provides that the fall-Lire to submit to the City all information required by the Agreement
constitutes an Evert of Default under the Agreement. Sections 4.1, 4.2 and 4.3 of the Agreement
collectively specify that upon receipt of written notice of an Event of Default, Cott has ninety
(90) calendar days to cure the Event of Default. If Cott fails to cure the Event of Default within
such time, the City has the right to terminate the Agreement.
On August 20, 2013 the City provided Cott with written notice of an Event of'Default efault on
account of Cott's failure to submit to the City all information required by the Agreement
pursuant to Section 3.3.6. The City notified Cott that it had ninety 1 days to cure this ,vent of
efaolt. As of the date hereof, Cott has, not responded to the City's August 20, 2011,3 notice and
has cured this Event of Default. Therefore, pursuant to Section 4.3 o f the Agreement, the City is
hereby exercising its right to terminate the Agreement, effective :immediately.
CITY MANAGER'S OFFICE
THE CITY O 'E+ RT WORTH* 1000 THROCK ORT STET *FORT WORTH,TEXAS 761
817-392-6111* FAX 817-392-6134
RECEIVEn DEC. 2 0 71113
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