HomeMy WebLinkAboutResolution 3832-12-2009A Resolution
NO 3832 12 2009
READOPTING THE RELOCATION INCENTIVES POLICY
FOR BUSINESSES DISPLACED BY MAJOR PUBLIC INFRASTRUCTURE PROJECTS
WHEREAS pursuant to M&C G-15045 approved by the City Council on December 20 2005 the City
Council adopted a Relocation Incentives Policy for businesses displaced by mayor infrastructure
projects, such as the Trinity River Uptown Project and the Southwest Parkway (SH 121T) Project,
which, pursuant to Resolution No 3556-11 2009 was readopted m 2007 with an expiration date of
December 20 2009 and
WHEREAS the Relocation Incentives Policy provides for tax abatement, vanous fee waivers and other
incentives to certain businesses displaced by mayor infrastructure projects if those businesses relocate
their facilities and operations to areas of the City targeted by the City Council for development or
redevelopment; and
WHEREAS the Relocation Incentives Policy has helped the City retain businesses that might otherwise
have located outside the City or otherwise faced additional hardship due to displacement by mayor
infrastructure projects, and
WHEREAS, Chapter 312 of the Texas Tax Code provides that a policy pursuant to which a
municipality offers tax abatement is effective only for two (2) years from the date that the policy was
adopted, and
WHEREAS accordingly the ability of the City to offer tax abatement as an incentive under the
Relocation Incentives Policy will expire on December 20, 2009 unless the Relocation Incentives Policy
is readopted,
WHEREAS the City Council wishes to continue the offering of tax abatement as an incentive for
businesses displaced by mayor infrastructure projects m accordance with the current Relocation
Incentives Policy
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF FORT
WORTH, TEXAS
1 THAT the Crty hereby elects to be eligible to participate m tax abatement m accordance with
Chapter 312 of the Texas Tax Code.
2. THAT the Relocation Incentives Policy attached hereto is hereby readopted and that the
ORTw
'_..
RESOLUTION NO 3832-12-2009
provisions relating to tax abatement therein shall be effective from December 15 2009 through
December 14 2011 unless earlier amended or repealed by a vote of at least three fourths (3/4) of the
members of the City Council.
3 THAT notwithstanding the provisions of any previous Resolution adopted by the City Council,
(i) this Relocation Incentives Policy as rt may subsequently lie amended, will expressly govern all tax
abatement agreements with persons or entities qualifying for abatement hereunder (ii) the General Tax
Abatement Policy adopted by the City Council pursuant to Resolution No 3629-06-2008, as previously
amended and as tt may subsequently be amended, will expressly govern all tax abatement agreements
with persons or entities quahfymg for abatement thereunder and (iii) the Neighborhood Empowerment
Zone Tax Abatement Policy adopted by the City Council pursuant to Resolution No 3742-OS-2009 as rt
may subsequently be amended, will expressly govern all tax abatement agreements with persons or
entities qualifying for abatement thereunder
ADOPTED this 15th day of December, 2009
APPROVED
CITY CQUNCf~
DEC 1 ~ 2009
City Secrcet~ry of tht~
City of Fort Worth, xexas
ORT WORT
T'
RESOLUTION NO 3832-12-2009
CITY OF FORT WORTH
RELOCATION INCENTIVES POLICY & GUIDELINES
FOR QUALIFYING BUSINESSES AFFECTED BY PUBLIC
INFRAST~tUCTURE PROJECTS
GENERAL PURPOSE AND OBJECTIVES
The City of Fort Worth ("City") values the many businesses that comprise the fabric of Fort
Worth s business community and which provide for the creation of new fobs and lead to positive
economic growth and stabilization. As a result, m accordance with the provisions and conditions
of this policy statement ("Policy"), the City will, on a case-by-case basis, consider the granting of
incentives for businesses that are displaced and must relocate as a result of an eminent domain, or
condemnation, action filed by the City or another public agency on account of a public
infrastructure project that is designated by resolution of the City Council as a `Major Public
Infrastructure Project"man effort to retain those businesses in the City
The City acknowledges that different areas of the City face varying degrees of challenges in
attracting private sector capital for quality business development. Therefore, the City has
designed this Pohey to provide greater assistance to businesses relocating m areas of the City
where private investment and market activity has lagged behind other areas of the Crty (See
Attachment A)
2 INCENTIVES AVAILABLE
Any business that is displaced and must relocate as a result on an eminent domain, or
condemnation, action filed by the City or another public agency on account of a public
infrastructure project that is designated by resolution of the City Council as a `Mayor Public
Infrastructure Project" will qualify under this Policy for the following lrst of incentives, as
applicable, if that business relocates to a location within the corporate hmlts of the City The City
Council shall have sole and final authority to detercrune the applicability of this Policy including,
but not limited to whether a particular operation is a `business" within the meaning and intent of
this Policy and whether a given Major Public Infrastructure Project will, m fact, displace the
business. A business must complete and submit a relocation incentive application with the City
of Fort Worth s Economic and Community Development Department prior to locating to a new
location in order to qualify for these incentives.
Incentives for Relocating within Area 1 (as applicable)
1 Waiver of the development fees outlined below
a. building permit (including fees for inspection)
b zoning fee (required for zoning changes),
c. ordinance inspection fee (all trades),
d. temporary and permanent encroachment fees (up to 90-days),
e. platting fees
f. expedited zomng.process fee; and
g. fire, sprinkler and alarm permit fees,
RESOLUTION NO 3832-12-2009
2. Release of certain hens such as weed, demolition, board-up/open structure, and
paving;
3 Expedited plan review (through the City contracted plan review service),
4 Expedited Zoning process, and
5 Eight year 75% tax abatement on new real and new personal property investment for
businesses that purchase real property within the Central City Target Area and make
improvements on that property and otherwise in accordance with state law
Incentives for Relocating within Area 2 (as applicable)
1 Waiver of the development fees outlined below
a. building permit (including fees for inspection)
b zoning fee (required for zoning changes),
c. ordinance inspection fee-(all trades)
d. temporary and permanent.encroachment fees (up to 45-days)
e. platting fees
f. expedited zoning process fee, and
g. fire, sprinkler and alarm permmt fees,
2 Release of certain liens such as weed, demolition, board-up/open structure, and
paving;
3 Expedited plan review (through the City contracted plan review service),
4 Expedited Zoning process, and
5 Four year 50% tax abatement on new real and new personal property investment for
businesses that purchase real property within the Central City (but outside the Central
City Target Area) and make improvements on that property and otherwise m
accordance with State Law
Incentives for Relocating within Area 3 (as applicable)
1 Expedited plan review (through the City contracted plan review service), and.
2. Expedited Zoning process (if fee paid)
3 Three-year 25% tax abatement on new real and new personal property investment for
businesses that purchase real property m the Crty (but outside the Central City) and
make improvements on that property and otherwise in accordance with state law
3 CONTACT INFORMATION
For more information about this program, contact the City of Fort Worths Housing and
Economic Development Department at 817 392 7313
City of Fort Worth, Texas
Mayor and Council Communication
~_ ~ . _ ~ _~
COUNCIL ACTION: Approved on 12/fi5/2009 -Res. No. 3832-12-2009
u
DATE Tuesday December 15 2009 REFERENCE NO G-16800
LOG NAME 17RELORENEW2009
SUBJECT
Adopt a Resolution Readopting the Relocation Incentives Policy for Businesses Displaced by Major Public
Infrastructure Projects in the City
RECOMMENDATION
It is recommended that the City Council adopt a Resolution readopting the Relocation Incentives Policy for
businesses displaced by Major Public Infrastructure Projects in the City
DISCUSSION
Businesses from time to time may be required to relocate from their current locations due to Major Public
Infrastructure Projects in the City such as the Trinity River Uptown Project and the Southwest Parkway
(SH-121 T) Project. On December 20 2005 the City Council adopted the initial Relocation Incentives
Policy creating a set of relocation incentives including tax abatement and development fee waivers, to be
available to such businesses in an effort to retain the businesses in the City (M&C G-15045). Each
request for tax abatement incentives under the policy requires approval from the City Council In order for
a business to be eligible under this policy the City Council must first pass a resolution designating the
public infrastructure project impacting that business as a 'Major Public Infrastructure Project" which will
then allow for the use of available relocation incentives
Under State law policies pursuant to which a municipality offers tax abatements expire after two years
Adoption of the attached Resolution will readopt the Relocation Incentives Policy for another two years
There are no proposed changes from the previous Relocation Incentive Policy
City staff recommends that the City Council readopt this Policy to provide greater assistance to displaced
businesses relocating in areas of the City where private investment and market activity has lagged behind
other areas of the City Specifically it is the objective of this policy that the City's strategic investment of its
incentive resources improve Fort Worth's entire portfolio of diverse community assets
FISCAL INFORMATION /CERTIFICATION
The Financial Management Services Director certifies that this action will have no material effect on City
funds
FUND CENTERS
TO Fund/Account/Centers
FROM Fund/Account/Centers
CERTIFICATIONS
Submitted for City Manager's Office b~
Thomas Higgins (6140)
Logname 17RELORENEW2009 Page 1 of 2
Originating Department Head.
Additional Information Contact:
Jay Chapa (6192)
Guy Brown (7313)
Logname 17RELORENEW2009 Page 2 of 2