HomeMy WebLinkAboutResolution 2972
A Resolution
NO ~ /
A RESOLUTION OF THE CITY COUNCIL OF FORT WORTH, TEXAS,
CONSENTING TO THE CITY OF IRVING'S GRANT OF A REBATE INCENTIVE
FOR NETWORK LOGISTICS, INC , TO RELOCATE ITS NEW CENTRAL
WAREHOUSE/DISTRIBUTION FACILITY TO DALLAS/FORT WORTH
INTERNATIONAL AIRPORT
WHEREAS, the Dallas/Fort Worth International Airport has requested the Cities of
Fort Worth and Dallas Texas to approve resolutions consenting to the City of
Irving granting a rebate incentive for Network Logistics Inc to relocate its new
central warehouse distribution facility to Dallas/Fort Worth International Airport
and
WHEREAS, the Dallas/Fort Worth International Airport Board approved an
Interlocal Agreement with the City of Irving by Resolution No 98 10 327 on
October 23 1998 and
WHEREAS, the City of Dallas approved a Resolution No 983297 on November 11
1998 to execute an Interlocal Agreement with the Dallas/Fort Worth International
Airport Board, the City of Fort Worth Texas and the City of Irving Texas for
sharing of revenue generated within the boundaries of Dallas/Fort Worth
International Airport and
WHEREAS, the City of Fort Worth, Texas adopted Resolution No 2475 dated
December 15 1998 authorizing an Interlocal Agreement with the Dallas/Fort Worth
International Airport and the Cities of Irving and Dallas for the sharing of revenges
generated within the boundaries of Dallas/Fort Worth International Airport and
WHEREAS, the City of Irving by Resolution No 10-22 98 535 dated October 22
1998 approved an agreement with the Cities of Fort Worth and Dallas and
WHEREAS, the Interlocal Agreement dated December 21 199$ between the City
of Irving, the City of Fort Worth the City of Dallas and Dallas/Fort Worth
International Airport provided that the City Councils of Fort Worth and Dallas must
approve any requested tax exemptions or abatements pertaining to developments on
Dallas/Fort Worth International Airport that are subject to the Interlocal
Agreement and
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WHEREAS, the inability of the City of Irving to provide the rebate incentive
would result m an alternative site selection by Network Logistics Inc and prevent
any economic benefits to the partres identified m the Interlocal Agreement and
WHEREAS, by granting this exemption, Network Logistics Inc facility will not
only relocate to a Dallas/Fort Worth International Airport location, but will also
provide direct revenues to the airport and the cities and stimulate additional
development opportunities that will generate additional land rent and tax revenues
as anticipated in the Interlocal Agreement
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF FORT WORTH, TEXAS
SECTION 1 That the City of Fort Worth hereby consents to the City of Irving s
grant of a rebate incentive for Network Logistics Inc man amount equal to the
tax Network Logistics Inc would otherwise pay on the value of its personal
property Freeport eligible inventory to be located at the Dallas/Fort Worth
International Airport The City of Fort Worth s consent to the City of Irving s
grant of rebate incentives for Network Logistics Inc is solely for the purposes of
compliance with Article III of the Interlocal Agreement
SECTION 2 That. the approvals contained in this resolution are conditional upon
similar approvals by the City Councils of Dallas and Irving
SECTION 3 That this resolution shall take effect from and after its passage by the
City Council of the City of Fort Worth m accordance with the provisions of the
Charter of the City of Fort Worth and approval of similar resolutions by the City
Councils of Dallas and Irving and it is accordingly so resolved
ADOPTED this ~ _ day of - ~_ 2003
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.APPROVED
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City Secretary of the
City of Fort'Worth, Te~ea9
APPROVED AS TO FORM AND LEGALITY
ATTEST
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