HomeMy WebLinkAboutContract 26344 CITY SECRETARY , r
CONTRACT NO.
TAX ABATEMENT TERMINATION AGREEMENT
(CITY SECRETARY CONTRACT NO. 20756)
This TAX ABATEMENT TERMINATION AGREEMENT ("Agreement") is hereby
made and entered into by and between the CITY OF FORT WORTH (the "City"), a home rule
municipal corporation organized under the laws of the State of Texas and acting by and through
Mike Groomer, its duly authorized Assistant City Manager, and BANK ONE, TEXAS,
NATIONAL ASSOCIATION ("Bank"), a national banking association in good standing to do
business in the State of Texas and acting by and through Gloria Reynolds, its duly authorized
Vice President.
WHEREAS, on or about December 21, 1994 the City and Bank entered into a Tax
Abatement Agreement, on file as a public document with the City Secretary as City Secretary
Contract No. 20756 (the "Abatement Agreement"), under which the City agreed to abate
certain real property taxes otherwise payable by Bank in return for (i) the construction of certain
improvements on property owned by Bank and (ii) certain annual employment commitments by
Bank; and
WHEREAS, pursuant to the letter attached hereto as Exhibit "A", which is hereby made
a part of this Agreement for all purposes, Bank has requested the City to terminate the
Abatement Agreement due to changes in organizational and economic circumstances of the
Bank; and
WHEREAS, the City is not opposed to a termination of the Abatement Agreement;
NOW, THEREFORE, the City and Bank agree as follows:
1. In accordance with and as provided by Section V.B of the Abatement Agreement, the
City and Bank hereby mutually agree to terminate the Abatement Agreement, to be
effective on the execution date of this Agreement.
IN WITNESS WHEREOF, the City and Bank have executed four (4) duplicate original
copies of this Agreement on this day of_ 6)eA jae,,e— , 2000.
CITY OF FORT WORTH: BANK ONE,TEXAS, NATIONAL
ASSOCIATION, a national banking association:
By: By:
Mike Groomer Gloria Reynolds
Assistant City Manager Vice President
Tax Abatement Termination Agreement ( °` END
Bank One,Texas,N.A. U�ff� PMS�I�1El�u
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ATTEST: ATTEST:
By: 6 ) yd 1`6 c- By:
`,iJ .City S retary
APPROVED AS TO FORM AND LEGALITY:
By:
Peter Vaky
Assistant City Attorney
M& C: none required
Tax Abatement Termination Agreement rJ(
Bank One,Texas,N.A. 2
STATE OF TEXAS §
COUNTY OF TARRANT §
BEFORE ME, the undersigned authority, a Notary Public in and for the State of
Texas, on this day personally appeared Gloria Reynolds, known to me to be the person
whose name is subscribed to the foregoing instrument, and acknowledged to me that the
same was the act of Bank One, Texas, N.A. and that she executed the same as the act of
Bank One, Texas, N.A. for the purposes and consideration therein expressed and in the
capacity therein stated.
GIVEN UNDER MY HAND AND SEAL OF OFFICE this day of
2000.
V.-'NSABRINA A.DEWNGER 7
$` '= MY COMMISSION EXPIRES „
:Z , _ sep�meers�ooa Notary Public in a. d for the State of Texas
a4.
STATE OF TEXAS §
COUNTY OF TARRANT §
BEFORE ME, the undersigned authority, a Notary Public in and for the State of
Texas, on this day personally appeared Mike Groomer, known to me to be the person
whose name is subscribed to the foregoing instrument, and acknowledged to me that the
same was the act of the City of Fort Worth and that he executed the same as the act of the
City of Fort Worth for the purposes and consideration therein expressed and in the
capacity therein stated.
GIV N UNDER MY HAND AND SEAL OF OFFICE thisday of
2000.
kAi
Notary Public in and for tate o exas
$ARAM JANE O LE
NOTARY PUBLIC
*" 1* State of Texas
comm. Exp. 01-29-2002
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Tax Abatement Termination Agreement
Bank One,Texas,N.A. 3 `�'`a�t'�F
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