HomeMy WebLinkAboutResolution 3699-12-2008A Resolution
NO 3699-12 2008
AMENDING THE RELOCATION INCENTIVES POLICY
FOR BUSINESSES DISPLACED BY MAJOR PUBLIC INFRASTRUCTURE PROJECTS
WHEREAS pursuant to Resolution No 3556-11 2007 adopted by the City Council on November 27
2007 the City Council adopted a Relocation Incentives Policy for businesses displaced by mayor
infrastructure projects, such as the Tnmty River Uptown Project and the Southwest Parkway (SH 121T)
Project; 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, as specifically identified m the Relocation Incentives Pohcy (the `Targeted Areas") and
WHEREAS, the Relocation Incentives Pohcy 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, the Relocation Incentives Policy currently only makes displaced business that purchase
property eligible for any kind of tax abatement, which excludes those businesses that lease property
within the Targeted Areas from receiving that incentive; and
WHEREAS the Crty Council wishes to amend the Relocation Incentives Policy so that displaced
businesses which lease, rather than buy property are also eligible for tax abatement on new taxable
tangible personal property that the businesses place on such leased property when they relocate their
operations,
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF FORT
WORTH, TEXAS
1 THAT the City Council hereby adopts the amended Relocation Incentives Policy attached
hereto which constitutes the guidelines, cntena, and procedures governing incentives,
including tax abatement, available to businesses displaced by mayor infrastructure projects, to
be effective from the date of adoption of this Resolution through December 20 2009 unless
earlier amended or repealed by a vote of at least three fourths (3/4) of the members of the
City Council. Amended language is indicated
RESOLUTION NO 3699-12-2008
by a strikethrough for language that is being deleted from the Relocation Incentives Policy and a double
underline for language that is being added to the Relocation Incentives Policy
2. THAT (i) this amended Relocation Incentives Policy as tt may subsequently be amended, will
expressly govern all tax abatement agreements with persons or entities qualif}nng for abatement
hereunder (u) the General Tax Abatement Policy adopted by the City Council pursuant to Resolution
No 3629-06-2008 as it may subsequently be amended, will expressly govern all tax abatement
agreements with persons or entities qualifynng for abatement thereunder and (iii) the Neighborhood
Empowerment Zone Tax Abatement Policy adopted by the City Council pursuant to Resolution No
3487-OS-2007 as it may subsequently be amended, will expressly govern all tax abatement agreements
with persons or entities qualifying for abatement thereunder
ADOPTED this 16th day of December 2008
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APPROVED
CITY COUNCIL
By
Cit}%,Secretary ~
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City Secretary of the
City of Fort Worth, Texas
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RESOLUTION NO 3699-12-2008
CITY OF FORT WORTH
RELOCATION INCENTIVES POLICY & GUIDELINES
FOR QUALIFYING BUSINESSES AFFECTED BY PUBLIC
INFRASTRUCTURE PROJECTS
1 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, in 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 Ctty 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" in an effort to retain those businesses m the City
The City acknowledges that different areas of the City face varying degrees of challenges m
attracting private sector capital for quality business development. Therefore, the City has
designed this Policy to provide greater assistance to businesses relocating in areas of the City
where pnvate investment and market activity has lagged behind other areas of the City (See
Attachment A)
2 INCENTIVES AVAILABLE
Any business that is displaced and must relocate as a result of an eminent domain, or
condemnation, action filed by the Crty or another public agency or as a result of official written
notification from the City or another public agency that an errunent domain action will be filed,
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 list of
incentives, as applicable, if that business relocates to a location within the corporate limits of the
City The City Council shall have sole and final authority to deterrnine 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 Mayor Public Infrastructure Project will, in
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
poor 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 zoning process fee; and
g. fire, sprinkler and alarm perrrut 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 Eight year 75% tax abatement on new real and new personal property investment for
businesses that purchase real property within the Central Crty Target Area (Area 1),
as depicted in Attachment A, and make improvements on that property and
otherwise m accordance with state law
6 Eight year 75% tax abatement on new personal property investment for businesses
that lease real property within the Central City Target Area (Area 1), as depicted in
Attachment A, 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 zomng 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 perriut 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
Crty Target Area) (Area 2), as depicted m Attachment A, and make improvements on
that property and otherwise in accordance with state law
6 Four year 50% tax abatement on new personal property investment for businesses
that lease real property within the Central City (but outside the Central City Target
Area) (Area 2), as depicted in Attachment A, 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 in the City (but outside the Central City)
(Area 3), as depicted m Attachment A, and make improvements on that property
and otherwise m accordance with state law
4 Three year 25% tax abatement on new personal property investment for business
that lease real property in the City (but outside the Central City) (Area 3), as depicted
m Attachment A, 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 Economic &
Community Development Department at 817 392-6103
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City of Fort Worth, Texas
Mayor and Council Communication
«.a a
COUNCIL ACTION Approved on 12/16/2008 Res. No 3699-12 2008
DATE Tuesday December 16 2008
LOG NAME 17RELOAMEND
REFERENCE NO G-16404
SUBJECT
Adopt Resolution Amending the Relocation Incentives Policy for Businesses Displaced by Major
Public Infrastructure Projects
RECOMMENDATION
it is recommended that the City Council adopt the attached resolution amending the Relocation Incentives
Policy for businesses displaced by major public infrastructure projects in the City of Fort Worth to allow
those businesses that lease property in certain targeted areas of the City of Fort Worth to be eligible for tax
abatement on new tangible personal property that is located on such leased property
DISCUSSION
Businesses from time to time may be required to relocate from their current locations due to major public
infrastructure projects in the City of Fort Worth (City), such as the Trinity River Uptown Project and the
Southwest Parkway (SH-121T) Project. On November 27 2007 the City Council adopted Resolution No
3556-11 2007 establishing the current Relocation Incentives Policy (Policy). This Policy creates a set of
relocation incentives, including tax abatement and development fee waivers to be available to displaced
businesses in an effort to retain the businesses in the City (M&C G-15045).
The Policy as currently written requires businesses displaced by major infrastructure projects to purchase
real property in certain targeted areas in order to qualify for any kind of tax abatement. This provision
excludes businesses who may choose to lease rather than purchase real property in these targeted areas
from receiving tax abatement on new tangible personal property that is located on the leased property to
accommodate the displaced business's relocated operations. The attached amendment allows for
businesses that choose to lease real property to be eligible for tax abatement on new tangible personal
property located on their leased property
The City staff recommends that the City Council adopt this Amendment 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 the City of 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
Logname: 17RELOAMEND Page 1 of 2
TO Fund/Account/Centers FROM Fund/Account/Centers
Submitted for City Manager's Office b~
Originating Department Head.
Additional Information Contact:
Tom Higgins (6140)
Jay Chapa (6192)
Mark Folden (8634)
Logname• 17RELOAMEND Page 2 of 2