HomeMy WebLinkAboutResolution 1459. ~ f ,~
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~~~ '~ ; ~ A Resolu~on
ATTACHMENT A
CITY OF FORT WORTH)J C~
COUNCIL RESOLUTION N0. /~~~
~' WHEREAS, American Airlines, Inc. has requested that the City
~~'` of Fort Worth enter into a Tax Abatement Agreement by and between
the City of Fort Worth and American Airlines, Inc. for a 157.6322
acre tract of land (Tract 1 ): and
WHEREAS, the City Council gave Public notice and all affected
taxing units were notified of the City of Fort Worth's intent to
enter into the proposed tax abatement agreement: and
WHEREAS, upon full review and consideration of the
Agreement, and all matters attendant and related thereto, the City
Council is of the opinion that the terms and conditions thereof
should be approved, and that the City Manager shall be authorized
to execute it on behalf of the City of Fort Worth:
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF FORT WORTH, TEXAS:
A. THAT the subject property that is described in the Agreement
is located within Tax Abatement Reinvestment Zone No. Two (2),
which was established by City Ordinance No. _______
~~~ B. THAT the City Council finds that the improvements sought are
feasible and practical, and would be a benefit to the land and
to the City after the expiration of the tax abatement
agreement.
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C. THAT the City Council finds that written notice of this
meeting and of the City's intent to enter into the Tax
Abatement Agreement, and copies of the attached proposed Tax
Abatement Agreement. were mailed by certified mail to all
affected taxing units in accordance with state law.
D. THAT the City Council finds that the terms and conditions of
the Agreement and the property subject to the Agreement,
having been reviewed by the City Council of the City and found
to meet the Policy Statement for Tax Abatement to Qualified
Commercial/Industrial Projects (Guidelines and Criteria)
established by City Resolution No. __•_ and the provisions of
the Property Redevelopment and Tax Abatement Act, V_T.C.A.,
Tax Code. Sections 312.001 through 312.209, and found to be
acceptable and in the best interests of the City of Fort
~. Worth and its citizens, are hereby in all things approved.
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CITY OF FORT AORTS
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.E. THAT the City Manager is hereby authorized to execute and
deliver the Agreement and all other documents in connection
therewith on behalf of the City of Fort Worth, substantially
according to the terms and conditions set forth in the
Agreement at the appropriate time and as approved by the City
Attorney or his assistant.
F. THAT this resolution shall take effect on the date of
,r adoption_
ADOPTED BY THE CITY COUNCIL DF THE CITY OF FORT WORTH TEXAS, THIS
22ND DAY OF AUGUST, A.D., 1989.
Bob Bolen
Mayor
ATTEST:
City Secretary
APPROVED BY
CITY COUNCIL
APPROVED AS TO FORM:
nuc zx 1989
City Attorney
City Seccatary of the
City of Fort Wortly Tatar
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C[T'Y OF FOSZ' w08T8
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STATE OF TEXAS § TAR ABATEMENT AGREEMENT
COUNTY OF DENTON § BETWEEN THE
COUNTY OF TARRANT § CITY OF FORT WORTH AND
CITY OF FDRT WORTH § AMERICAN AIRLINES, INC.
This Tax Abatement Agreement (the "Agreement") is entered
into by and between the City of Fort Worth, Texas (the "City"),
a home rule city and municipal corporation, duly acting herein by
and through its City Manager, and Amerlean Airlines, Inc. (`AA"),
_ ~ e Delaware corporation authorized to do business in the State o£
Texas, duly acting by and through its authorized officers.
W I T N E S SET H:
WHEREAS, on the day of August, 1989, the Clty Council
of the City ~of Fort Worth, Texas (the "City Council"), passed
Ordinance No. (the "Ordinance") establishing Tax
Abatement Reinvestment Zone No. ( ). City of Fort
Worth, Texas (the "Zone"), for commercial/industrial tax
abatement, as authorized by the Property Redevelopment and Tax
Abatement Aet, v.T.C.A., Tax Code §§312.001 et seq., as amended
(the "Code"); and
WHEREAS, on the 1st day of August, 1989, the City adopted a
Policy Statement on Tax Abatement to Qualified Commercial/
Industrial Projects (Guidelines and Criteria) (the "Policy
Statement"), attached hereto es Exhibit °A" and made a part
hereof for all purposes; and
WHEREAS, the Polley Statement constitutes appropriate
guidelines and criteria governing tax abatement agreements to be
entered into by the City as contemplated by the Code; and
WHEREAS, the City has adopted a resolution stating that it
elects to be eligible to participate in tax abatement; and
'"~" WHEREAS, in order to maintain and enhance the commercial and
.,f industrial economic and employment base of the Fort Worth area,
it is in the best interests of the taxpayers Eor the City to
enter into this Agreement in accordance with said Ordinance,
Policy Statement and Code; and
WHEREAS, the City Council finds that the contemplated use of
the Premises (hereinafter defined), the contemplated improvements
(hereinafter defined) to the Premises in the amount as set forth
in this Agreement and the other terms hereof are consistent with
encouraging development of the Zone in accordance with the
purposes for its creation and are in compliance with the
Orflinance, the Policy Statement and the guidelines and criteria
included therein, the Code and al] otheY applicable laws; and
WHEREAS, a copy of this Agreement has been furnished, in the
manner prescribed by the Code, to the presifling officers of the
governing bodies of anch of the taxing units in which the
Premises to be subject to the Agreement is located;
NOW, THEREFORE, the Clty for good and valuable
consideration, the eflequacy and receipt of which is hereby
acknowledged, which consideration includes the expansion of
primary employment and the attraction of major investment in the
Zone, which contributes to the economic development of Fort Worth
and the enhancement of the tax base in the City, and AA for good
and valuable consideration, the adequacy and receipt of which is
~, hereby acknowledged, which consideration includes the tax
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abatemeht set forth herein below, as authorized by the Code, as
amended, do hereby contract, covenant and agree as follows:
I.
GENERAL PROVZSIONS
A. AA is the owner of that parcel of land described on
Exhibit "H" attached hereto and made a part hereof foz al]
purposes (the "Premises"). The Premises are located within the
Zone, and, with the eaceptipn of approximately 0.0891 acres (the
"Annexation Treat"y described on Exhibit "C" attached hereto and
made a part hereof for all purposes, the Premises are located
_ within the City limits. Pursuant to 5312.20a(c) of the Code, the
- Annexation Treat shall be subject to all of the terms and
conditions hereof with respect to taxation by the City
immediately upon annexation. The Annexation Tract shall, for
purposes of all other taxing jurisdictions, be subject to the
terms and conditions hereof upon the execution of this Agreement
by the City and AA, accept as otherwise provided by law.
B. The Premises are not in an improvement project financed
by tax increment bonds.
C. This Agreement is entered into subject to the rights of
the holders of outstanfling bonds of the City.
D. None of, the property subject to abatement of taxes
unfler this Agreement is owned or leased by (i) any member of the
Fort Worth City Council, {ii) any member of the Fort Worth Plan
, Commission, (iii) any member of the Fort Worth Zoning
Commission, or (iv) any member of the governing body of any
taxing units joining in Or adopting this Agreement.
II.
IMPROVEMENTS AND JOBS
AA agrees to construct or cause to be constructed on and
within the Premises improvements (the "Improvements") consisting
~•~ of (i) a new commercial buiifling or buildings for aircraft
• maintenance end support uses containing a minimum of SOD,000
square £eet of floor space, (11) paving, and (111) Facilities and
other improvements related to eviction uses. The cost of the
improvements shall be, at a minimum, One Hundred Million Dollars
(510D,DOD,000). The approximate location of such Improvements is
reflectefl on a preliminary site plan attached hereto as Exhibit
D" and made a part hereof for all purposes. AA further agrees
that. there shall be created 700 new jobs in connection with the
operations of AA on, or within the immediate vicinity of, the
Premises.
III
PROPERTY SVBJECT TO TAR AHATEMENT,
' RATE OF TAR ABATEMENT,
TERM OF TAR ABATEMENT AND RELATED PROVISIONS
A. A tax nbatement, as described herein, shall be granted
in each year of the abatement period On (i) the Premises, (Si)
ell Improvements constructed on the Premises, and (iii) all
tangible personal property located on the Premises, excluding
inventory and supplies (except as otherwise provided in Paragraph
D below), as follows:
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(1) The Premises and all Improvements constructed
thereon shall be subject to abatement to the extent the
value thereof, as reflected on the tae rolls of the Denton
end Tarrant Appraisal Districts (the 'Tax Rolls") in each
such year; exceeds the value thereof, as reflected on the
Tar Rolls, for the year in which this Agreement is executed.
(2) All tangible personal property located on the
Premises, excluding inventory and supplies (except as
provided for in Paragraph D below), shall be suD,ject to
abatement as provided herein other than tangible personal
'`-~ property located on the Premixes before the execution of
-~~r this Agreement. AA represents and warrants that there is no
- such tangible personal property on the Premises as of the
date of execution of this Agreement, and the City
acknowledges this representation as true and correct.
H. The tax abatement rate under this Agreement shall be
one hundred percent (1008) of the value of the property described
herein as said value is reflected on the Tax Rolls.
C. The full fifteen (15) year tae abatement period
provided by law is hereby granted (except as otherwise provided
in Paragraph D below). This period of abatement shall commence
on January 1, 1441, unless such commencement date is deferred at
the sole election of AA or its assigns by notice in writing to
the City, such notice to be given on or before December 1, 1990.
AA may in such manner annually defer the commencement date, but
in no event beyond the earlier to occur of the following dates:
(i) January 1 of the year following the year in which a
certificate o_' occupancy is issued by the City for AA's principal
facility on the Premises, i.e., an aircraft hanger building, or
(11) January 1, 1996. Notice of each deferral shall be given in
writing on or before December 1 of the year preceding the year in
which the abatement is otherwise to commence.
D. Effective September 1, 1989, all inventory and supplies
located on the Premises shall be subject to tax abatement
pursuant to the provisions of S.B. No. 1312 as passed by the
._ • Legislature of the State of Texas (the "Legislature"), Aets of
the 71st Legislature, Regular Session, 1989, wherein the Code was
amended to add Subsection (e) to Section 312.206 thereof. As a
consequence of such amendment, all inventory and supplies located
on the Premises end owned or lensed by AA, as a certificated air
carrier, shall be subject to an abatement of one hundred percent
(1008) of the value thereof, as shown on the Tax Rolls, for e
period of ten (10) years. The commencement of such abatement
period shall be determined as eat forth in Paragraph C above.
E. The parties hereto acknowledge that the Legislature has
passed S.J.R. No. 11 proposing that Article VIII of the Texas
Constitution be amended by adding thereto a new Section 1-S,
providing Eor the exemption trom ad valorem taxation of certain
tangible personal property described in said proposed amendment
(the "Amendment"). Ths Amendment 16 to be submitted to the
voters of the State of Texas at en election to be held November
7, 1989. The parties hereto further recognize that the
Legislature has passed H.H. 2959 amending Chapter it of the Code
for the purpose, in part, of serving es enabling legislation for
the Amendment if it is approved by said voters, i.e., Sections 1,
2, 3 and 6 of H.B. 2959 are to be effective January 1, 1990, in
the event of such approval. It is the intent of the parties
hereto that the tea abatement provisions of this Agreement shall
be applicable to the inventory, supplies and other tangible
personal property located on the Premises only to the extent that
ad valorem taxes on such inventory, supplies and other tangible
personal property loented on the Premises are not, for the entire
a period of tax abatement hereunder, totally exempted as a
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consequence o£ the passage of the Amendment, the implementation
of x.H. 2959, and the concurrence in such azamption by al]
affected taring jurisdictions.
F. AA shall have the right to protest and contest any or
all appraianle or assessments of the Premises, or of the
Improvements thereon, or on tangible personal property, and the
tax abatement provided for herein for such property shall be
applied to the amount of taxes finally determined, as a result of
such protest or contest, to be Bue for such property.
x~, IV. .
FILING OF PLANS, CEATZFICATION OF
CDSTS AND JOHS, CITY ACCESS TO PREMISES
AND USE OF PREMISES AND IMPROVEMENTS
A. Construction plans for the Improvements constructed on
the Premises will be filed with the City. The plans as filed
shall be deemed to be incorporated Rerein by reference and made a
part hereof for all purposes.
H. AA shall, from time to time prior to the commencement
of the tax abatement period, as described In Section IIZ above,
certify in writing to the City the costs of construction of the
Improvements. AA shall further certify to the City the creation
of the new jobs specified in Section II herein. Such
certifications shall be in a form reasonably satisfactory to the
City and shall be deemed to be incorporated herein by reference
and made a part hereof for all purposes.
C. At all times throughout the term of this Agreement, the
City shad, upon giving reasonable notice to AA, have access to
the Premises by City employees for the purpose of inspecting same
to ensure that the Improvements are constructed in accordance
with the conditions of this Agreement; providefl, however, that
such inspection shall not lnterf ere with the normal business
operations of AA on the Premises.
"'~ D. The Premises and Improvements constructed thereon at
.,,~ all times shall be used in a manner (i) that is consistent with
the City's Comprehensive Zoning Ordinance, as amended, and (ii)
that during the period taxes nre abated hereunder, is consistent
with the general purpose of encouraging development or
redevelopment wl thin the Zone.
V.
BREACH
In the event that the Improvements are not constructed by
December 31, 1997, then, and only then, this Agreement shall
taxminnte and all tares which otherwise would have bean paid to
the City without the benefit of abatement under this Agreement
will become due to the City, subject to any and all lawful off-
sets, settlements, deductions, or credits to which AA may be
entitled. The recovery of such taxes shall be the sole remedy of
the City in the event of n 8efault hereunder by AA.
VI.
SALE, ASSIGNMENT OR LEASE OF PROPERTY
The tax abatement provided herein shall vest in AA and shall
be assignable, as provided below, to each new owner or lessee of
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all or a portion of the Premises and the Improvements and
tangible personal property located thereon, for the balance of
the term of this Agreement. AA may make such assignment or lease
without C1ty approval to (i) Alliance Airport Authority, Inc., a
Texas non-profit corporation, or (ii) any parent, subsidiary or
other affiliate of AA, or any successor by operation of law of AA
or o£ any such parent, subsidiary or other affiliate, including,
but not limited to,~ any successor as a result of any merger,
consolidation, or other reorganization thereof (whether such
successor is a corporation, business trust, or any other type of
entity). Any assignment or lease to any party other than to one
of the foregoing entities shall require the prior written
consent of the City, which consent shall not be unreasonably
xithhelfl.
VII.
NOTICE
All notices ca11e8 for or required by this Agreement shall
be addressed to the following, or such other party or address as
either party designates in writing, by certified mail postage
prepaid or by hand delivery:
AMERICAN AIRLINES. INC.
4200 American Boulevard
Fort Worth, Texas 76155
Attention: Managing Director of Taxes
with a copy to:
• CITY OF FORT WORTH, TERAS
.~ ~ City Manager
1000 Throclworton
Fort Worth, Texas 76102
VIII.
CITY COUNCIL AUTHORIZATION
This Agreement xas authorize8 by Resolution of the City
Council approved et its Council meeting on the day of
August, 1989, authorizing the City Manager to execute this
Agreement on behalf of the City.
IR.
HOAAD OF DIRECTORS AUTHORIZATION
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This Agreement was entered into by AA pursuant to authority
granted by its Hoard of Directors on the 19th day of July, 1989,
whereby one or more officers of AA ware authorized to execute
this Agreement on behalf of AA.
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X.
SEVERARILITY
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In the event any section, subsection, paragraph,
subparagraph, sentence, phrase or word herein is held invalid,
illegal, or unenforceable, the balance of this Agreement shall
stand, shall be enforceable and shall be read as if the parties
intended at ell times to delete said invalid section, subsection,
paragraph, subparagraph, sentence, phrase or word. In such event
there shall be substituted for each deleted provision a provision
as similar in terms and in effect to such deleted provision as
may be valid, legal and enforceable.
RI.
ESTOPPEL CERTIFZCATE
Any party hereto may request an estoppel certificate from
another party hereto so long os the certificate is requested in
connection with a bona fide business purpose. The certificate,
which if requested will be addressed to a subsequent purchaser or
assignee of AA, shall include, but not necessarily be limited
to, statements that this Agreement is in full force and effect
without def cult, if such is the case, the remalning term of this
Agreement, the levels of Tax Abatement in effect, and such other
matters reasonably requested by the party(ies) to receive the
certificate.
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AA STANDZNG
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AA, es a party to this Agreement, shall be deemed a proper
and necessary party in any litlgation questioning or challenging
the validity of this Agreement or any of the unflerlying
ordinances, resolutions, or City Council actions authorizing
same, anfl AA shall be entitled to intervene in said litigation.
RIII.
APPLICABLE LAW
This Agreement shall be construed under the laws of the
State of Texas.
RIV.
COUNTY BOUNDARY DISPUTE
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The parties hereto acknowledge the existence of a dispute
(the "IIispute") between Tarrant and Denton Counties over the
precise location of a portion of their common jurisdictional
boundary. It 1s not certain, as of the date of this Agreement,
whether or not the Premises, or a portion thereof, lie within the
area subj eat to the Dispute. In order to adequately provide for
the abatement of ad valorem tuxes ns provided herein, ail
appropriate Tasxant County end Denton County taxing jurisdictions
have entered into this Agreement. Providefl, however, that the
execution by such parties of this Agreement is without prejudice
to any such party with respect to the ultimate resolution of the
.Dispute or their relative positions in 6ueh Dispute.
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XV.
RECORDATION OF AGREEMENT
A certified copy of this Agreement in recordable form shall
be zecorded in the Deed Records of Denton and Tarrant Counties,
Texas.
EXECUTED this day of August, 1989, by the City.
- ERECVTED this day of August, 1989, by AA.
CITY OF FORT WORTH, TEXAS
ATTEST:
By:
City Secretary Douglas Harman, City Manager
APPROVED V1S TO FORM:
Wade Adkins, City Attorney ,
AMERICAN AIRLINES, INC.,
a Delaware corporation
ATTEST:
8y: _
Name:
Title:
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CITY MANAGER'S ACKNDWLEDGME~"f
THE STATE OF TERAS §
§
COUNTY OF TARRANT §
BEFORE ME, the undersigned authority, a Notary Publie in and
for the State of Texas, on this day personally appeared Douglas
Barmen, City Manager of the City of Fort Worth, Texas, a
municipal corporation, known to me to be the persan and officer
whose name is subscribe8 to the foregoing instrument and
acknowledged to me that the same was the act of the said City of
Fort Worth, Texas, a municipal corporation, that he was duly
r . authorized to perform the same by appropriate resolution of the
City Council of the City of Fort Worth, and thnt he executed the
same as the set of the said City for purpose and consideration
therein expressed and in the capacity therein stated.
GIVEN UNDER MY HAND AND SEAL OF OFFICE this day of
1989.
Notary Public in and for the State
~ of Texas
My Commission Eapires:
' CORPORATE ACSQJOWLEDGMENT
THE STATE DF TEXAS §
§
COUNTY OF TAAAANT §
HEFDRE ME, the undersigne8 authority, a Notary Public in and
tot said State and County, on this day personally appeared
being the of
American Airlines, Inc., a Delaware corporation, known to me to
is be the person and officer whose name is subscribed to the
toregbing instrument and acknowledged to me that the same was the
set of the said American Airlines, Inc., a Delaware corporation,
- and that he executed the same as the set o£ sai8 corporation for
purpose and consideration therein expressed and in the capacity
therein stated.
GIVEN UNDER MY HAND AND SEAL OF OFFICE this day of
19H9.
My Commission Expires:
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Notary Publie in an for the State
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Y SIGNATORY PAGE
County of Denton, Texas
STATE OF TERAS §
§
COUNTY OF DENTDN $
DENTON COUNTY, the undersigned taxing unit, to the extent of
-Sts jurisdiction over the Premises, joins in the execution of the
Tax Abatement Agreement between the City of Fort Worth and
American Airlines, Inc., for the purpose of granting abatement of
ad valorem taxes in the manner and in accordance with the terms
set forth herein and authorizes this page to be affixed to this
Agreement.
This Agreement was authorized by the minutes of the
Commies loners Court of Denton County, Teaas, et its meeting on
the day of 1989, whereupon it was duly
determined by appropriate order that the County Judge would
execute the Agreement on behalf of Denton County, Teaas.
COVNTY OF DENTON, TEAAS
Vic Burgess, County Judge
Attest:
County Clerk
Approved 8s to Form:
District Attorney
^_~ STATE OF TERAS §
_ §
COVNTY OF DENTDN $
ACfOiOWLEDGMENT
BEFORE ME, the undersigned authority, a Notary Public 1n and
for the State of Texas, on this dey personally appeared Vie
Burgess, County Judge of the County of Denton, Texas, a
subdivision of the State of Texas, known to me to be the person
and officer whose name is subscribed to the foregoing instrument
and acknowledged to me that the same was the act of the 6aitl
County of Denton, Teaas, a subdivision of the State of Texas.
that he was duly authorized to perform the same by appropriate
order of the Commissioners Court of the County o£ Denton, Texas,
and that ha executed the same as the set of the said County for
purpose end eonaidezation therein expressed and in the capacity
therein stated.
GIVEN VNDER MY HAND AND SEAL OF OFFICE this dey of
1989.
Notary Public in and for the
State of Teaas
My Commission Expires:
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SIGNATORY PAGE
Northwest Independent School District
STATE OF TEXAS $
$
COUNTY OF TARRANT $
NORTHWEST INDEPENDENT SCHOOL DISTRICS, the undersigned
taxing unit, having jurisdiction over the Premises, joins in the
execution of the Tax Abatement Agreement between the City of
,..~ Fort Worth and American Airlines, Inc., for the purpose of
granting abatement of ad valorem taxes in the manner and in
accorflance with the terms set Forth herein and authorizes this
page to be affixed to this Agreement.
This Agreement was authorized by appropriate resolution of
the Northwest Independent School District Hoard of Trustees et
its meeting on the day of 1989, whereupon it
xas duly determined that the Board President would execute the
Agreement on behalf of the Northwest independent School
District.
NORTHWEST INDEPENDENT SCHOOL
DISTRICT
Phoebe Dill, President,
Attest: Hoard of Trustees
Secretary, Northwest
Independent School District
Approved as to Form:
Attorney for Northwest
,~~ Independent School District
ACKNOWLEDGMENT
STATE OF TEXAS $
$
COUNTY OF TARRANT $
BEFORE ME, the undersigned authority, a Notary PuDlie in
and for the State of Texas, on this Bay personally appeared
Phoebe Di11, President of the Northwest independent School
Dlstrict 8oar8 of Trustees, known to me to be the person and
officer whose name is 6ubseribed to the foregoing instrument and
acknowledged to me that the same was the act of the said
Northwest Independent School Dietriet, a corporate body politic,
that she was duly authorizefl to perform the same by appropriate
resolution of the Northwest Independent School District, and
that she executed the same ss the net of the said Northwest
independent School District for the purpose end consideration
therein eapresaed and in the capacity therein stated.
GIVEN UNDER MY HAND AND SEAL OF OFFICE this day of
1989.
Notary Public in and for the
State of Texas
My Commission Expires:
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SIGNATORY PAGE
Tarrant County Water Control and
Improvement District Number One
STATE OF TEXAS §
§
COUNTY OF TARRANT §
TARRANT COUNTY WATER CDNTROL AND IMPROVEMENT DISTRICT NUMBER
ONE, the undersigned taxing unit, to the extent of its jurladie-
tion over the Premises, loins in the execution of the Tax
Abatement Agreement between the City of Fort worth and American
Airlines, Inc., for the purpose of granting abatement of ad
valorem taxes Sn the manner and in accordance with the terms set
forth herein and authorizes this page to be affixed to this
Agreement.
This Agreement was authorized by appropriate reso lutlon of
the Tarrant County Water Control and Improvement District Number
One Hoard of Directors at its meeting on the day of
1989, whereupon it was duly determine6 tnat the
Board President would execute the Agreement on behalf of the
Tarrant County Water Control and Improvement District Number One.
TARRANT COUNTY WATER CONTROL AND
IMPROVEMENT DISTRICT NUMBER ONE
Attest:
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Secretary, Tarrant County
Water Control and Improvement
District Number One
Approved as to Form:
Legal Counsel
STATE OF TEXAS
CDUNTY OF TARRANT
Buford I. King, Hoard President
BEFORE ME, the undersigned authority, a Notary Public in
and for the State of Texas, on this day personally appeared
Buford I. King, President of the Tarrant County Water Control and
Improvement District Number One eoazd of Directors, known to me
to be the person and officer whose name Ss subscribed to the
foregoing lnstzvment and acknowledged to me that the same was the
act of the said Tarrant County Water Control and Improvement
District Number One, that he was duly authorized to perform the
same by appropriate resolution of the said District, and that he
executed the same as the set of the said Tarrant County Water
Control and improvement District Number One for the purpose and
consideration therein expressed and in the capacity therein
stated.
GIVEN UNDER MY HAND AND SEAL OF OFFICE this day o£
1989.
My Commission Expires:
Notary Public in and for the
State of Texas
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SIGNATORY PAGE
Tarrant County Junior College District
STATE OF TEXAS g
S
COUNTY OF TARRANT g
TARRANT COUNTY JUNIOR COLLEGE DISTRICT, the undersigned
taxing unit, to the extent of its ~urisdietion over the Premises,
~o1ns in the execution of the Tax Abatement Agreement between the
J City of Fort Worth and American Airlines, Inc. , for the purpose
of granting abatement of ad valorem taxes in the manner and in
accordance with the terms set forth herein and authorizes this
page to be affixed to this Agreement.
This Agreement was authorized by Hoard Minutes of the Board
of Trustees o£ Tarrant County Junior .College District at its
Board meeting on the day of 1989, whereupon
it was duly determined that the Chairman would execute the
Agreement on behalf of the Tarrant County Junior College
District.
TARRANT COVNTY JUNIOR COLLEGE
DISTRICT
Attest: Chairman,
Hoard of Trustees
Secretary,
Tarrant County Junior Collage
District Hoard of Trustees
Approved as to Form:
Legal Counsel
~'~ ACKNOWLEDGMENT
STATE OF TEXAS §
g
COUNTY OF TARRANT g
BEFORE ME, the undersigned authority, a Notary Public in and
for She State of Texas, on this day personally appeared
Chairman of the Board of Trustees of Tarrant
County Junior College District, known to me to be the person and
officer whose name is subscribed to the foregoing instrument and
acknowledged to me that the same was the act of the said Tarrant
County Junior College District, that he was duly authorized to
perform the same by appropriate resolution of the Tarrant County
Junior College District, end that he executed the same as the
act of the said Tarrant County Junior College District for the
purpose and consideration therein expressed and in the capacity
therein statefl.
GIVEN UNDER MY HAND AND SEAL OF OFFICE this
1989.
day of
Notary Public in and for the
State of Texas
My Commission Expires:
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SIGNATORY PAGE
Tarrant County Hospital District
STATE OF T£RAS §
§
COUNTY OF TARRANT §
TARRANT COUNTY HOSPITAL DISTRICT, the undersigned taxing
unit, to the extant of its jurisdiction over the Premises, joins
in the execution of the Tax Abatement Agreement between the City
of Fort Worth and American Airlines, Inc., for the purpose of
granting abatement of ad valorem taxes in the manner and in
nccordance with the terms set forth herein and authorizes this
page to be n£fixed to this Agreement.
This Agreement was nuthorized by the resolution of the
Board of Managers of The Tarrant County Hospital District, at its
meeting on the day of 1989, whereupon the
Chairman was duly nuthorized to execute the Agreement On behalf
o£ the Tarrant County Hospital District.
TARRANT COUNTY HOSPITAL DISTRICT
Chairman,
Attest: Hoard of Managers
Secretary, Tarrant County
Hospital District
Approved 85 t0 FOrnt:
General Counsel
~, STATE OF TERAS §
COVNTY OF TARRANT §
BEFORE ME, the undersigned authority, a Notary Public in and
For the State of Texas, on this day personally appeared
Chairman of the Board o£ Managers of the
Tarrant County Hospital District, a political subdivision of the
State Of Texas, known to me to be the person and officer whose
name is subscribed to the foregoing instrument and acknowledged
to me that the same was the act o£ the said Tarrant County
Hospital District, that he wns duly authorized to perform the
same by ~approprinte resolution of the Board of Managers of the
Dlstzict, and that he eaecutad the same .as the act of the said
Tarrant County Hospital District for purpose end consideration
therein expressed and in the capscity therein stated.
GIVEN VNDEA MY HAND AND SEAL OF OFFICE this day o£
1989.
Notary Public in and for the
State of Texas
My Commission Expires:
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County of Tarrant, Texas
STATE OF TERAS $
S
COVNTY OF TAARANT $
TARRANT COUNTY, the undersigned taxing unit, io the extent
of its jurisdiction over the Premises, joins in the execution of
the Tax Abatement Agreement between the City of Fort north and
American Airlines, Znc., foz the purpose of granting abatement of
i ad valorem taxes 1n the manner and 1n accordance with the terms
_~. set forth herein end authorizes this page to be affixed to this
Agreement.
This Agreement was authorized by the minutes of the
Commissioners Court of Tarrant County, Texa6, at its meeting on
the day of 1989, whereupon it was duly
determined by appropriate order that the County Judge would
execute the Agreement on behalf of Tarrant County, Texas.
COUNTY OF TARRANT, TEKAS
Roy English, County Judge
Attest:
County Clerk
Approved as to Form:
District Attorney
ACKNOWLEDGMENT
_ ~ STATE OF TERAS $
S
COUNTY OF TARRANT $
BEFORE ME, the undersigned authority, a Notary Pub11c in and
for the State of Texas, on this bay personally sppeared Roy
English, County Judge of the County of Tarrant, Texas, a
subdivision of the State of Texas, known to me to be the person
and officer whose name is subscribed to the foregoing instrument
and acknowleflged to me that the same was the act of the said
County of Tarrant, Texas, a subdivision of the State of Texas,
that he wns duly nuthorized to perform the same by appropriate
order of the Commissioners Court of the County of Tazsant, Texas,
and that he executed the same as the act of the said County fo:
purpose and consideration therein expressed and in the capacity
therein -stated.
GIVEN VliDEA MY BAND AND SEAL OF OFFICE this day of
1989.
Notary Public in and for the
State of Taxns
My Commission Expires:
T:\wl~]bcbb\061H\0009\AWt~0.10 -1G~
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ERHIHZT "A"
TO TAR ASATEMENT AGREEMENT
POLICY STATEMENT
ADOPTED HT THE PORT WORTH ITT ODNCIL nw AOOOHT 1. i9go
CITY OF PORT WORTH POLICY STATEMENT
ON TAX ABASEHFJfT TO
QDALIFIED COMMERCIAL/IRDDSTRIAL PROJECTS
(LRIDELSRES AHD CRITERIA)
GENERAL PDRPOSE ARD OBJECTIVES
The City of Fort Worth is commitisd to the promotion of high quality
development in all parts of the Citp, and to an ongoing imp rovement in
the quality of life for its eitiseas. Insofar as these objectives ere
generally nerved by the enhancement of the tax bane and expansion and
diversifiea:ioa of the local •eonomy, the Citp of Fort Worth will, on
a case-by-case Dnaia, give conaiderati on to providing tax abatement,
pursuant io the Property Redevelopment and Tax Abatement Aet,
v.T.C.A., Tax Code, Sections 912.001 through 312.209, as from time
to time amended, as a atimula:ien for •eoaomie provth and
diversification in Fozt North. Priority consideration will be given
to those projects which result in little oz no additional cost to the
city sad/o: projects whi eh create greater than 1,000 nev jobs. It is
the policy of the City of Fost Worth thai said consideration vill be
provided in accordance with the guidelines, criteria end procedures
outlined in this document. Nothing herein shall imply oz suggest that
the City of Fort Worth is under any obligation to provide tax
abatement to •ny applicant. All applicants shall be considered on n
case-by-ease basis.
Aeeordin0 to Texas lav, Property Redevelopment sad Tax Abatement Act,
v.T.C.A., Tax Code, Chapter 312, the City of Fert Worth may grant tax
abatement on the increments] value of a particular property that is
improved yuzsuaat to a specific development proposal whi eh meets the
economic goals and objectives of iiie City. The abatement will apply
only to the iaesemental iacrsase in vnl anti oa. The abatement will
also apply to tangible personal property located is the zeiavestment
lone after the execution of as abatement agreement, including
inventory and supplies of certificated air carriers (Note: Senate
Bill 1312 sad Bouae Hill 20{3, Acts of the 71st Legislature, Regular
session, 1989). Tax ^batement will not bs ordinarily considered for
projects whi c6 would be developed xlthout such incentives unless ii
eaa be demonstrated that higher dsvelopmsat standards oz other
development sad community goals will be achieved through the use of
the abatement.
Based on the general purpose and objectival tad is compliance with the
intent and tenets of the Tesna Property Rsdsvalopment and Tex
Abatement Aet, the City of Fort Worth will establish reinvestment
sores for economic devslopment purposes. Within the reinvestment Bones
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'" •' there will be permitted tax abatement of the increase in value of
'~ real and tangible personal property, iacludin9 inventory and supplies
for certiticetad air cazriera. Tsx abatement will be offered only
within designated reinvestment Bones and only to those industries
identified in Section III, Defiaitiona, "Eligible Industries".
II. CRITERIA
Any ssquett foz tax abatement shall be reviewed by the City staff for
recommendations Lo the City Council. Its dstermiaation shall be
based uyon as evaluation of the following e:itsria and nay ~o ther
relevant information and material, which snob applicant will be
requested to address is narrative format. Any proposed project must
conform to the general guidelines specified below:
• Anp request foz tax abatement moat involve a dsvs7 opmant project,
exelud:nq load, viih either {i) a minimum Sneremental in e:eaae in
value of 25 million 6ollars oz (ii) a minimum coat of 25 million
dollars.
* The project must melee a substantial coatributioa to development
efforts in the City by eahnncing either additional development
sctivity or furthering redevelopment sad preservation activities
within apreial pl anninq areas oz be located in a special
development zone of the City such na an £nterpriae Zone,
• • The project must have high visibility, image impact or be of e
sipnificant]y higher level of development quality than that whiel:
currently exists is the City.
• The project must carve as a catalyst sad prototype for additional
development of a higher atandasd or development of an addl:ioaal
industry whieL bns been identified to be nn asset io the community.
• The project must generate a higher coneentzation of employment
potential than would otherviae be nehieved.
• The projret must enhance property value and eomylement other land
uses is the project vi eiaity.
Applications for tax abatement ineentivea should provide a vritter.
narrative dstailiag Low the proposed project relates to the criteria
established above sad tLs issues listed below. la addresaiaq the
' folloxing issues, the applicant should indicate the appropriate time
frames is whieL the proposed events and/oz reaultiap impacts will
occur, vberc aDplicabla.
Aflditionally, it is underftood the information provided will be, out
of necessity, satimates only. The applicant should endeavor to
provide the moat accurate eatimatas possible based upon available
information. TLe applicant may br requestsd by tLs City to describe
the logics/methodologies utilised to suppl9 supporting documentation.
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grf(PL07NENT IHPACT
-•• Number of sew Sobs created in Fort Worth.
Perceataye of saw employees which will
(a) come from outside the City of Fort Notth and
(b) from outside the State of Texas
Types of jobs erected.
Total Projected aaaual payroll of the Aewly created jobs.
PROP06ED INPROVEFIPNT6
Identify and describe the kind,. somber sad location of al] proposed
improvements to the property, as well as the land area and coat, and
discuss the development schedule of the proposed improvements. In
addition, City staff may request the square footage of the proposed
projeei.
Identify the infrastructure construction which will be required to
serve the proposed projsct and the estimated cost of said
eonstrueti oa.
Amouni of real and tangible personal property value added to the tax
rolls.
Amount of direct sales tax generated.
Proposed project's effect oa existiAg busiaessee sad/or office
facilities.
Cost to the City of Fort Worth to provide muaicipal servicss to the
proposed project.
COMIiORIT4 INPACT
Effect of the proposed project oa the local hotuia0 market.
£avironmeatal imp-et, if say, ersaied by the projsct.
Compatibility of ibe Proposed projsct with the City'a eompreheasive
plan.
Resoaiag sad plattiaglreplattiap required.
Impact on local school districts.
Impact oa the Couaty government.
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_~ .. Impact oa all other taxing entities.
Imp net on the City of Fort Worth.
The criteria outlined is this section will be uead by the City staff
to determine whether or not to recommend to the City Council that it
is in the besi .i atereat of the City of Fort Worth sad other affected
taxing entities that tax abatement be offered to a particular appli-
cant. Specific ooasideratioas will iaelude the degree to whieb the
individual project furthers the goals sad objectives of the community,
as well as the relative impact of the project on the eomnuaity.
III. DEFINITI085
"Eligible Industries": Ceztnia types of business investment shov high
promise of ereatinp acv jobs, new income sad positive economic
spill-over effects beaeficinl to the City. As a result, tax
abatements will be eligible only to certificated air carriers
sad industries in Major Oroup <S, "1'raaapoztati on by Air", as
described is Lhe i$$J1D$a,I~-Industrial -~•=•~f+~.r:,.., yea :, U.S.
Office of Hanagemeat and Budget, 1487. A copy of Major Group d5 of
the SIe flnnun7 is attached hereto sad made a part hereto bq reference.
IV. CDIDELINES
After follovinq sad eomplyiaq of th all statutory sad other require-
ments sad after a determination is made that a tax abatement agreement
should be entered Sato vith the applicant, the vnlue and term of the
abatement will be determined by Lhe follovinq quideliaes:
1dINIHDM ELIGIBILITY REQDIREM3ITS
1. The project must be an eligible industry as defined in Section
III. Defiaitioas.
2. Shc lavestment is nev facility (atruetura] improvements to land)
must result is a atruetura oz structures haviaq either a minimum
added value of tveaty-five million dollars (exeludiag ]tad) o: e
.~ minimum coat of iwaatp-five million dollars (exeludiaq land).
~.3. The project moat comply with all criteria defined is Seetioa II.
above.
TAZ ABATEMENT LIKITATIONS
1. The rate of tax abatement for say tax year shall be 1DDi of the
iaeremeatnl iaerease is value of teal property sad tangible
peraoaal property, taeludiaq iav eatory sad supplies of the
eertifieeted air e-rriera.
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2. Ia order to Qualify for for (1001) tax abatement, the owner of the
sub jeer property must meet the following minimum thraahold
eligibility requirements:
a. Coastruot and equip within the reinvestment zone a structure
or structures baviaq either a minimum sdded value of
twenty-five million dollars (excluding land) or a minimum cost
of tventY-flve million dollars (ascludia0 land).
3. To determine if the project meets the minimum eligibility
requirement, the applicant will esrtify to the City Maaaper's
Office the coat of the acv improvemaats for which the abatement is
requested.
4. The tar abatement period shall not exceed fifteen (15) years.
5. Any tax abatement granted a project will beoome effective c::
January 1 of the year following the issuance of a Certificate e:
Oeeupan ey (CO) for the new facilities unless otherwise speeif tea
in the tax abatement agreement. The total tetesge of the project
ahnll be ass esse8 at lOD yerceat market valuation upon execut: ::.
of the abatement agreement, unless othervise addressed is the :a.
abatement agreement.
6. If a project is not competed as specified is the tnx abatemer.:
a greemen:, the City has the right to canes] the abnteme:. •.
agroomont and abated Laxee zhall berome due to the City sad ot!•~
aflected taxing units as provided by law,
Y. lRDCtDitRAL Q92DLLIRLS
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Any person, pa::nership, organisation, .corporation or Other ent:•,
desiring that the City of fort Worth consider providing tax abatem.-.~
to encourage location of operations xithia the city limits of Fc::
Rcrth ahal] be required to eemply with the following proeedu:a:
guidelines. NothiAD vithla thasa puidelia ea shall imy]y or augges~
thst Fort Worth is under any obligation to provide tax abatement
any amount or val ua to any applicant.
Prelimiaarv Aonlienti on etees
A. Applicant shall submit as ''application for tax abatement".
B. Appli~eaai aha17 address all criteria questions outlines in Sect:.:.
II above is letter format.
C. Applicant shell prepare a survey map shoving the precise loca:: ~.
of the property, all roadways within five huadrsd (SOD) loc:
the site, all ezistiag land ones and zoning within five ~~nd,•i
(500) feet of the site sad the triad, number and location of a::
proposed improvements.
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~.~ D. City maY reQUest applicant to Drovida substantiation of the
r • V economic feasib111ty of the overall project to :saint in
determining the loap term beaef it to the C1ty.
D. A eemyleta'lapal deaerigtiea of !be pregerty shall be grevided.
P. Applicant shall complete •11 forms and information detailed in
items A through E above and submit them to the City Manager, City
of Fort Worth, 1000 Throckmortoa, Fart porth, Texas 76102.
gpplip~,'nn Review Stena
0. All information is the application package detailed above will be
reviewed for completeness sad accuracy. Additional information
may be requested as needed,
8. The apylieati on may be distributed to the appropriate City
departments for internal review sad comments. Additional
infotmation may be requested na needed.
I. Copies of the complete application Daekepe and staff comments will
be ptovided to the City Council.
Co
J. asideratioa of the Aoolication
The City Council will consider the application et meetings
conducted pursuant to the Open Meetings Aci and the Property
• Redevelopment and Tax Abatement Act. Rdditi onnl information may
be raQUCSted as needed.
T.. The Cify Council may consider a resolution calling a yublie hearing
to consider estsbliahment of a teiaveatment sone.
L. The City Couaeil may bold the public hearing sad determine whether
the creation of the reinveatmeat sone would contribute to the
retention or expaaaion of primary employment or would attract
major inveatmeat in the sone sad would ooatribute to the economic
development of the City.
M. The City Couaeii may eoaaider sdoption of as ordiaaaee desipantinp
the area described is the legal dsacriytioa o! the proposed
project as a commercial/iaduat rial reS AVettment sons for t:x
abatemeai.
~'!Q• The City Counei7 maY eoaaider adoption of a sesolutioa which
approves the terms sad eonditioas of to •preement between the City
sad Lhe npplieaat, and poveras the ysovisioa of the tax
abatement. At aiiaiawm, the apreemeat shall include tl~e
foliowiaq:
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~. General description of the project;
f-~ ~ 2. Amount of the tax abatement
3. Durntion of the abatement;
~~ 4. Typa, number, location and time table of planned
improvements; and
5. July specific terms and conditions to be met by the applicant.
O. The poveralaD bodies of nay aPfeeted iadependnnt school diatrlet,
Tacrnnt County or Deat on County, and a]] other applicable taxing
uni to map consider ratificati oa of and parti eipati oA in the tax
abatement •preemeat batveea the City of fort Worth and the
applicant.
Should the terms of the agreement not be satisfied, the tax
abatement abell be subject to eaacellation as provided Sa the tax
abntament agreament, and ell abated taxes shall be paid to the
City of Fort Worth and all other taxing jurisdictions
partiei yatinD is the tax abatement agreement as provided by ]au.
1f a project 4raated a tax abatement cans es to operate or is no
longer in conformance with this policy statement, the tax
abatement agreement shall not be in effect for the period of time
du: inp vhieh the project is not operati ap or is not in
eonformanee. The City of Fort Worth may negotiate with the
recipient of a tas abatement to vat ve the recapture provisions or
to terminate the'agrsement.
Q. The City of Fozt Worth reserves the right to verify the
applicant's credit vorthineas prior to granting a tax abatement
and to reviev the financial condition of the project during the
term of the abatement. The City of Fort Worth also reserves the
right for a representative to inspect the facilities of the
applicant during the term of the abntament and to verify the
information provided in the tax abatement agreement. Provisions
to tbis •ffset shall b• inoorpozated into the apraameni.
VI. EFFECT OF SALE. ASSTCNHENT OF LEASE OF PROPERTY
No tax abatement rights may be sold, aaaipned, or leased unless
otherviae specified is the tax abatement agreement. Any sale, assign-
ment or lease of the property vhicb is not permitted is the tax
abatement agseamant rasulls is a forfeiture of all tax abatement
riphta as to the property sold, aaaipned or leaned, unless the city
agrees to ratify the transfer.
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~7778~ T • P"
TO TAX ABATEMENT AGREEMENT
PROPERTY DESCRIPTION
(Eats re Trnct)
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YLIYO a rant of lam pc o! eba [. Dreiten B¢rq, 4br tract Ye. 972, sad tat A.
tlcDeoald Svnq, lbetraec Yo. 7t6, leeactl in tea Diq e[ Fait Ynta, Danten douacy,
Tana[, am bdn{ pact et • cs act et tau eevrgtl co 411 iaae• 4irpnq Led, u
sacred ie telaar 1431, tVe 413 of for Mtl 4eeru of Dantea Count!, Tnn, am
6dnt pass M a auc of latl eewgtl to Ytllretl/1]Sd, Ltd., a rueroad la pol.me
2313, !a{e !aD of said Mtl saenet, ud baia{ pet e1 • a¢c of land eeerq at co
Yillrom /133d. Ltd. u tsprdsd is Pelvu 2333, Pa{e 471 oS sal6 datl reeesda, aaG
Mini twsa prHcdulS uurlbtl u Eellwr:
CDg2YCIlC •c the nutbul7 natbruc eeinai et uld 411iws 4irpmc, Lcd. tra<c.
aald cespr baud w tae w[ riiet-efwq line of cbe 4.5. i d. T. Liliead (l09
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ride);
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2Y7716 feuth 9 ds{rna SS atiaosn 1) •se each Eui, deparcin{ nit tenth lice, a
ditcanee of 3600.00 fast tea point for a-eornat, pail point bein{ en tae nsrrh
ri{bo-etwq liw of prepam Tatirq 'Y' artwiea ()OD Eeet rich);
TLLLCL beocb dD d.{r••. 06 aiaacu 4T ucends Yatt, al oa{ wiC ooreD line.
dirtuse of 1600.00 fat to • pint for • eeraz, salt wrnsr baint w the rue ]ins
of said 411iaaea 4irperc, 1.r6. auc, uid caner alto beia{ u cbe we si~~[-af-
rq of a Cut of load eoargtl to the Cis? 0! Feic Yor tb, knwc at cbe 433iaaee
4isperi, u raeadu U polue 9179, lain ]dd e: tea Datl beau ei dazsuc CwatY.
iuaa, and solo•a 13@, !a{e 109 of tan Datl Lcaa a Mnca Ce®a, iasaa;
TBmDL Yenta 9 dr{rw S] ainutaa 11 ascends ens, dapatsiai Wait nee co lim, aln{
cbe eaeen liar Mtrau uid Clq of Sort Yes cb sae[ sal nit llliuca 4irport.
Ltd. nut, • Qbtaaea o3 1100.00 hat to • iliac fa • cernar;
'IDa1Q Yaca 1 antra S] adnecu 33 aaeeadt Out, cuciuin{ dep uiG eanaoe line,
• diataane of )N.71 !ut u • pint !a • prur;
'SLata Yertb f3 detrw 17 aiucu 00 wceadt Yut, da9artin{ uid eear,en lion, a
6latwa of 113.00 !at to • pier !a • eernr;
To1o6 tars 17 Ntraa 31 atlnatep 33 auendr Out, a dirtuea e! 411.67 !ut ce
-eint fen a ears. u16 eermr Mint u said ceaaen lice Mnw uid ciq eS Fesc
Yatb Cuc and Wd 411iteea Lixpat, lid. nut;
riLYCE YerW 9 Ntrut 37 ainvup 2] anenar Yatt, slut ail cettvoa lice.
diataut aS 767.14 fat to a pint fa • terns, uid eerrr -ein{ ea tat sort esl7
sitar-af-rq lir of a prepaad acrut (60 fat rids);
Aa1R Yatb S4 lairw 14 alnctu is uera0e Sat, lapntet ail caeen lien, •aa
ales{ uld au earl! lir, a diatanea d 204.11 fat ca tan pint ai aas•amre ai
dsnalu erera u tan rl{ac bnLt • radiw o! U0.00 Erpt;
ri~CL Yacbuuasl S. cendavin{ aleq uid urtarl7 liar, sad beat uid evne
tarp{0 a u¢ad aatla oS !7 damn 0) aiaasu 34 ncema, sa a:c hiss onto ei
394.71 rant a tea iliac eS rwnu eanamra a! a eiadar earn tp tat lelt hnia{
• rmiu et 490.00 hat;
riOCi YaWuRasl0, ceatinvia{ den{ •aid sutnl7 liu, am dw{ ufe cane
tbrwib a unad aa{le tl dt eat:oat 56 tiavtn 77 totems, as arc din nose e1
309.33 teat to • pint !a a eerur;
Tf~t2 Yatb 31 4{rau 16 aiaataa X +aeotlt iut, eentfnvia{ deaf uiG •att erl7
lion, a Oittuea vy-Sd .69 test to for 907%: Of a6aiD110 4OD WltTam 7EG 6.d68 ,460
ataua !uc a 137. 721 urn of land Herr a lnr.
Pa Re 1 of 1
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, F.X}iI BIT
H-I
TO TAX ABATEMENT AGREEMENT
l'
PROPERTY DESCRIPTION
(Millwood Trsot)
BffilG . oae d Lod oe td the G. Ovetmn Stmry, Abe¢an Na 9'72 and the A
1NtS)®ald Stme7', Abtttae No. 786 looted L the Cary td 1%on Wort4 I)eattm Coumy,
7tnay and befog'past of • aae of Lod etm.e7ed m HOeaoodf135g. Ltd, luo+v a
'AotrJ T n retmdadm Vaotme 2517, Page 160 at the Deed Rerade td 7?mtan Cmmry,
Tina, and being pan a! a tae of Lod «tn+e1~ m 770Ptoedr1738 Lt4 lmown u
?aa1 6 n raotded L Yale 2577. Pave hl eti tab dmd teetttM, and being mus
1 pattimlai5 deaaibed n fo0oerc
:~
CO1t~NCA7G n the atathen5 tgtth~weat enanei of t tact at Nod mvte5ad m AOianee
AtrpoR Ltd. n teevdad L Yti®e 2151 Page 172 d[ add Dad lieaorde, aid mrnv
being tin the cant opbtof,wa9lote d the A.T. t SF. lia0sud (100 fact wide). said ttoioer
ahn htimg the wubven tttaoa e>< add Parcel k '
TI~Ei~ Srtroh 7A depw 16 taLam 73 aaomN wes4 along said eae >ora, . dhma
etf 278.7D fact m a pa®t Eu a miner, wN eotoa bt3og the imreaatim dt aaid can tine
..Bh ibe aetuh ripmbfwf lore d ptttpoted bagk Patkwq (27D feet widek
T73>o1ie~ Stuah 6S tLgtaa 13 ante a5 a~ Fact, depaning add ens tine. aad dung
add avuh Tote, a ~ of ]233 Etct m the point at ettrvatme oI ^ ~ tatrre m the
left Living a radie0 df 121400 EeeC
TF]IIIfE Fssta)y, tamtmz~g alemg said moth tine, and akmg and eame.tbroagh a «aaal
.ngk a2 >r depce a9 a~ r aemnds, .n ate dnuna oS 72136 tau m the point of
*
~ - T13P71~'. Nortb gD degrees Od ~ a7 aeaamdt 73+0. ~g along aid attrah line,
• dimntz e><238t1/,Eaer m the 1'07N't OF S7iGRWING,
71:ffNCE Norm >s0 degrw 06 nriovee 17 aceundt Fist, mntmumg along aid atttuh iioe,
a di0aam bf 7600D bee m tht goon eff earanne of a e9tcalar nova m the sight ltnting
• radios ed 111400 ExS
77'3EEItE EtOedp, mmyoamg ding aid wub tio4 and along aid tame through a eeaaal
aogk ed 16 eLgtee SD acme 15 aetsmdt, as ats disma o[ 91883 ftxt m tha poitn of
^. taagaar
~` TFffSI~ SerOb 53 degree u nmmra 28.E F.aO, matioumg aloo8 said mouth lint,
a dieanu d 16520 fee m a pttiot trA a feint,
T13Eltf2; Sm06 /S depaa as matue 07 aeeomdt F~ o~g doo6 aid aeruh iitu,
• dotas~ td 373J3 feet m a petb0 for a none, aid mmrer iteLg dm the aonhetly
ri~¢at"wey tine ed ptvpued Turway'H' eaandm (300 foe teldtk
TI~'N~. Soetm 29 elegew S/ mmee 31 aoonds Wei, departing raid warn tint, sad
along said amtheely lice, a dhaose d 136781 feq m a point tin ^ meas. said coma
beotg em the ao®m Ime betwew add Altiaxs Aoput, ltd tsaa sad aid 4atcel 7;
TFIPMC~ NaM 89 degm 2g ttsLae Sg aeooodt wen, a7oog add tnaan>em Iioe sad
elepattLg add no¢thel, lom, a diaanu of 373]5 feet m a point for a acme;
T7'II1i(E Ntttm 6D degm @ taitrtrte 2E uemme4 Weir, departing wid m®® IoK a
Nsunee d Q886 fact m a pttim Eta a
11II77(~ North 9 dean 53 miDmn 79 aaedmdt West a doooee of 137<.79 Ear m a
goon far a soma, aid mina Deiop em pre tatrtmt® tine beaween said A7tiatta Airport,
ltd. ttae a~ said Pared 7;
TE3Z'N~ North 0 de~en Io rtthmw as aeemdt wen, admg aid ettotmo0 ling .
afmme eft 6117 txt m a peat Tor s owner, said toner bmg the neatbaly natmeaat
eetme ed add ATbfine woptar, Leh teat add mina aLo hamg toe awtherb aameaat
aatte ed old Forcer ~
T'f~7fs Norm ff9 tfegroe 25 mLme 20 aemadr war, along me et®da line beeoem
said AOi+na Afrport, Isd. tree std aai6 Passel 4 a etiseaoa o[ 3417 foe m a pomr fm
r a aunt,
+ ~ ~ Tl~1~ North 9 Ae~em 33. mmue 17 semoth Wen, daparnog aid oooaaon line, a
eti0anu aE 73957 leer m the POINT OF IdECrptNBIG AND OONTAlN1NG 3203,OP
s9aat'a Feat a 73 1325 aaea of Lad mue or lm
Page 1 of ]
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TRAC^ 1
E%HI HI? •C^
TO TAX ABATEMENT AGREEMENT
PRDPERTY DESCRIPTION
(Annexation Tract)
~ SETRG a tract of lam wt of cbe G. Overton Survey, ADSSr act No. 972, located io. the
-. Cicq of Fore Vorth, Dencoa Cwaty, Tezaa, and being part of a tract of land Convey ed
to Hillvood/1358, Ltd., Imwn as 'Pastel 6' as recorded in Volume 2512, Yege 47] of
the Daed Hecorda of Deacon County, Teas, and being more particularly deacr ib ed as
'
follwa:
C01DD:NCIAG •t cDe northerly nortbvest cezner of as Alliante Airport
Lcd. tract as
,
reeordad is Volpe 2451, Page 412 of the Deed Hec ords of Denton Couary, Texan, saiC
corner also being on the nut right-of-vay line of the A. T. E.F. Hailroad (100 teec
vide), said poiai also being the soutbveat Corner of said Parcel 6;
TBERCE South 89 degrees 25 miant ea 20 tee ead• East, along the Common line between
said Alliance Airport, Ltd. tract and said Parcel 6, a distance of 2229.29 £eet co
cDe POINT OF SEG IARIAG, said Point being on the soutD zigbc-of-vaq line of proposed
Eagle Pazkvap (120 fees villa);
THEACE AortD BO degrees 06 miact ea 4T setonda East, departing said common line
and
,
along said southerly line, a din caste of 204.97 feet to a point for a Borne:;
THEACE Sontb 9 degrees 53 mince ea 13 aetonds Easc, departing said •wtherly line, a
distance of 37.86 fees to a poiai for a eoroer, said corner Deiag oa as id common
like;
THEACE Aoz iD 89 dagreea 25 minutes 20 •etoads west, Tong acid common line, a
distance of 20b.43 fees to tDe P02Ai OF BEG IRHING AAD COATAII7IAG 3,880 ^qua ze feet
or 0.0891 acres of land more or less.
Page 1 of 1
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ERHIBI'" "D"
TO TAR ABATEMENT AGREEMENT
PRELIMINARY SITE PLAN
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