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HomeMy WebLinkAboutContract 44995-CA1 (2)CITY SECRETARY CONTRACT NO. _� ASSIGNMENT OF TAX ABATEMENT AGREEMENT This Assignment of Tax Abatement Agreement is made and entered into by and between Waterview Estates, L.P., Pars Investment, Inc., General Partner ("Assignor") and CTMGT Waterview Estates FL-1, LLC.,. ("Assignee") and the City of Fort Worth% ("City") RECITALS A. Waterview Estates, L.P., Pars Investment, Inc., General Partner and the City of Fort Worth, Texas (the "City") entered into that certain Tax Abatement Agreement ("Agreement") for Property Located 5424 Grenada Drive; Lot 21; Block 3; Waterfront at Enchanted Bay; an Addition to the City of Fort Worth, Tarrant County, Texas, according to the plat recorded and filed in Cabinet A; Slide No. 11723, Plat Records, Tarrant County, Texas ("Property") which is located in the Lake Arlington Neighborhood Empowerment Zone, such Agreement approved by the City Council of Fort 'Worth November 6, 2007, City Secretary Contract Number 44995 ("Agreement"): B. Section 5 of the Agreement permits Assignor to assign all of its rights under the Agreement to Assignee, without obtaining the prior consent of the City Council: C. Waterview Estates, L.P. has formed CTMGT Waterview Estates FL-1, LLC under the direction of Waterview Estates, L.P. to manage the remaining properties in Waterview Estates not yet sold to a builder. D. Pursuantto that certain Special Warranty Deed dated as of September 27, 2013 recorded under Tarrant County Deed Records, Assignor conveyed the Property to CTMGT Waterview Estates FL-1, LLC. and Assignee acquired title to the real property, which is the subject of the Agreement. AGREEMENT NOW THEREFORE, in consideration of the mutual terms and conditions herein contained and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereby agree as follows: 1. Assignment. Assignor hereby ASSIGNS, TRANSFERS AND CONVEYS all rights, duties, obligations, title and interest under the Agreement to Assignee. 2. Acceptance. Assignee hereby accepts the Assignment granted herein, and assumes all of Assignor's rights, duties and obligations arising under the Agreement. 3. Effective Date. The effective date of this Assignment is September 27, 2013 ("Effective Date"). All rights, duties and obligations under the Agreement arising, accruing or relating to the period before the Effective Date are allocated to Assignor and all rights, duties and obligations arising, accruing or relating to the period thereafter shall be allocated to Assignee. F n t'2 . tnt Assignment of Tax Abatement Contract #44995 froi Waterview Estates, LP to CTMGT, LLC 1 OFFICIAL RECORD CITY SECRETARY FT, wom'i, ": ]i 4. Release and Surrender of Assignor. Except as otherwise expressly set forth in this Assignment Assignor will be discharged from any and all further obligations under the Agreement as of the Effective Date. Assignor must surrender the Property to the Assignee on or before 11:59 p. m. on the date prior to the Effective Date in its present condition. Assignor relinquishes any light to any improvements fixtures or equipment on the Property. 5. Representations. Assignor represents, warrants and covenants with Assignee that as of the Effective Date, that Assignor is not in default under any of its obligations contained in the Agreement. 6. City of Fort Worth's Consent. City of Fort Worth hereby consents to this Assignment upon the terms and conditions set forth herein. Unless and until City of Fort Worth has executed this Assignment, this Assignment is of no effect. The consent granted herein should not be construed as consent to any further assignment except as provided in the Agreement. The failure or delay of City of Fort Worth in seeking to enforce any provisions of the Agreement or this Assignment should not be deemed a waiver of rights or remedies that City of Fort Worth may have, of a waiver of any subsequent breach of the terms and provisions therein of herein contained. 7. Notices. Any notice given by any party to another party hereto must be given in the manner required under the Agreement. The addresses set forth below supercede any addresses for notices set forth in the Agreement. CITY OF FORT WORTH. City of Fort Worth Housing and Fconomic Development Department (NEZ) 1000 Throckmorton Fort Worth, Texas 76102 ASSIGNOR: ASSIGNEE' Waterview Estates, L.P. CTMGT Waterview Estates FL-1, L L C Pars Investment Inc., General Partner 3901 Airport Freeway, Suite 200 3901 Airport Fieeway, Suite 200 Bedford, TX 76021 Bedford, TX 76021 8. Successors. Nxcept as herein otherwise provided, this Assignment will be binding upon and inure to the benefit of the parties, and their respective heirs, executors, administrators, successors and assigns. 9. Counterparts. This Assignment may be executed in multiple counterparts, each of which, once executed, will be an original and fully -binding on the parties so executing; and all such counterparts together constitute one and the same agreement. Assignment of Tax Abatement Contract #44995 from Waterview Estates, LP to CTMGT, LLC 2 10. Binding Offer. This Assignment will be not be binding until executed and delivered by all three parties. IN WITNESS WHEREOF, the parties have executed this Assignment as of the date first above written. CITY OF FORT WORTH ineat44 Fernando Costa Assistant City Manager STATE OF TEXAS § COUNTY OF TARRANT § BEFORE ME, the undersigned authority, on this day personally appeared Fernando Costa, Assistant City Manager of the CITY OF FORT WORTH, a municipal corporation, 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 CITY OF FORT WORTH, TEXAS, a municipal corporation, that he was duly authorized to perform the same by appropriate Mayor and Council Communication of the City Council of the City of Fort Worth and that he executed the same as the act of the said City for the purposes and consideration therein expressed and in the capacity therein stated. GI EN UNDER MY HAND AND SEAL OF OFFICE this 02 day of , 2013. otary Public in and or the State of Texas MarJKaser, ei 'ee{•eta6 y y APPROVED AS TO FORM AN k ijAkca Melinda Ramos Assistant City Attorney M & C: C-22514 EVONIA DANIELS Notary Public, State of Texas My Commission Expires July 10, 2017 OFFICIAL RECORD CITY SECRETARY Assignment of Tax Abatement Contract #44995 from Ft WORTH, TX Waterview Estates, LP to CTMGT, LLC 3 therein stated. ASSIGNOR: Waterview Estates, L.P., Pars Investment, Inc., General Partner Name: Mehrdad Moayedi Title: President STATE OF TEXAS COUNTY OF TA�Ad'qT § /A5 BEFORE ME, the undersigned authority, on this day personally appeared Mehrdad Moayedi of Waterview Estates, L.P., a Texas Limited Partnership, Pars Investments, Inc., General Partner, known to me to be the person whose name is subscribed to the foregoing instrument, and acknowledged to me that he executed the same for the purposes and consideration therein expressed, in the capacity therein stated and as the act and deed of Waterview Estates, L.P., a Texas Limited Partnership, Pars Investment, Inc., General Partner. V N UNDER MY HAND AND SEAL OF OFFICE this �a day of , 2013. 1 ary P&blic in and for the State of Texas ASSIGNEE: CTMGT Waterview Estates FL-1, L.L.C. Name: Mehrdad Moavedi Title: Managing Member STATE OF TEXAS COUNTY OF TA DEBBIE RENEE LYTLE My Commission Expires August 1, 2016 BEFORE ME, the undersigned authority, on this day personally appeared Mehrdad Moayedi, Managing Member of CTMGT Waterview Estates FL-1, L.L.C. known to me to be the person whose name is subscribed to the foregoing instrument, and acknowledged to me that he executed the same for the purposes and consideration therein expressed, in the capacity GIVEN UNDER MY HAND AND SEAL OF OFFICE thiarre day of 1 otary P iblic in and for the State of Texas , 2013. Assignment of Tax Abatement Contract #44995 fro Waterview Estates, LP to CTMGT, LLC 4 DEBBIE RENEE LYTLE My Commission Expires August 1, 2016 • FFICIAL RECORD (14`tflr SECRETAPV v i'.v v iv rr J. I4SV -1 CITY COUNCIL AGENDA DATE' CODE' SUBJECT: official site of the City of Fort Worth, rcxas FORT WO COUNCIL ACTION: Approved As Amended on 11/6/2007 11/6/2007 REFERENCE C-22514 LOG NAME* 05ENCHANTEDBAY NO.: C TYPE NON- PUBLIC CONSENT HEARING° NO Authorize Execution of a Five Year Tax Abatement Agreement with Waterview Estates, L.P , a Texas Limited Partnership, and Woodhaven Homes, L.P., a Texas Limited Partnership, Located in the Lake Arlington Neighborhood Empowerment Zone II IiI110111 RECOMMENDATION: it is recommended that the City Council: 1. Authorize the City Manager to enter into a five year Tax Abatement Agreement with Waterview Estates, L.P., a Texas Limited Partnership, and Woodhaven Homes, L.P., a Texas Limited Partnership, located in the Lake Arlington Neighborhood Empowerment Zone; and 2. Find that the statements set forth in the recitals of the attached Tax Abatement Agreement with Waterview Estates, L.P., and Woodhaven Homes, L P., are true and correct. DISCUSSION: Waterview Estates, L.P , and Woodhaven Homes, L.P., are the owners/developers of the 118 properties listed in Exhibit "A'. This real property is located in the Lake Arlington NEZ and Neighborhood Empowerment Reinvestment Zone (NERZ No. 16). Waterview Estates, L.P. and Woodhaven Homes L.P. have applied for a five-year municipal property tax abatement under the NEZ Tax Abatement Policy and Basic Incentives (M&C G-14947), as amended. The NEZ Program offers a five-year municipal property tax abatement on the increased value of improvements to the qualified owner of any new construction within a NEZ. The Housing Department has reviewed the application and certified that the property meets the eligibility criteria to receive NEZ municipal property tax abatement Waterview Estates, L.P., and Woodhaven Homes, L.P , will invest a minimum of $15,200,000.00 to construct 118 single-family homes in the Lake Arlington NEZ. In order for Woodhaven Homes, L.P., or any other developer or builder approved by the City Manager or his designee to qualify for the tax abatement, they must construct homes with a minimum of 1200 square feet of living space with at least three bedrooms one and one-half baths and 70% mortared brick which will appraise for a minimum of $100,000.00. A more detailed description of the homes to be constructed and sample drawings are attached as Exhibit "8" The Agreement is attached as Exhibit "C". nttp://apps.cfwnet.org/council_packet/mc_review.asp?ID=8145&councildate=11/6/2007 05/19/2009 IL`vl&U Review Page ? (Ai Upon execution of the tax abatement agreement, the total assessed value of each home used for alculating municipal property tax will be frozen for a five-year period, starting on the date the home is ;old to a homebuyer to be used as a primary residence, at the pre -improvement value as defined by the Tarrant Appraisal District (TAD) on January 1, 2007, as follows: Pre -improvement TAD Value of Improvements $ 0.00 Pre -improvement Estimated Value of Land $2,025.00 Total Pre -improvement Estimated Value $ 2025.00 The municipal property tax on the improved value is estimated at $550.00 per house, per year, for a total of $2,750.00 over the five-year period for each house. However, this estimate may be different from the actual tax abatement value, which will be calculated based on the TAD appraised value of the property. The tax abatement agreement provides that the agreement may be assigned without subsequent City Council approval to Woodhaven Homes, L.P or another builder approved by the City Manager or his designee or the developer's first mortgage, or to a homebuyer who will use the required improvements as his/her primary residence, or to the homeowner's mortgagee. All other assignments must be approved by City Council The agreement also provides that the failure of the owner to send the City notification of the sale of the required improvements and the executed assignment of the agreement with the new owner within 30 days of the transfer of ownership of the required improvements shall result in the automatic termination of the Agreement. This property is located in COUNCIL DISTRICT 5. FISCAL INFORMATION/CERTIFICATION: The Finance Director certifies that this action will have no material effect on City funds. TO Fund/Account/Centers FROM Fund/Account/Centers Submitted for City Manager's Office by: Dale Fisseler (6140) Oriainatina Deaartment Head: Jerome Walker (7537) Additional Information Contact: Sarah Odle (7316) ATTACHMENTS Continued Exhibit B for M&C.odf Exhibit A for M&C.xls Exhibit B for M&C.doc http://apps.cfwnet.org/council_packet/mc _review. asp?ID=8 145 &councildate=1 1/6/2007 05/19/2009 LVLUGI. IS.CVICW i i.1k�c .J UL J Final TA Agreement for M&C.doc Location Map for M&C.pdf • http://apps.cfwnet.org/council packet/mc_review.asp'?ID=8145&councildate=11/6/2007 05/19/2009 WATERFRONT AT ENCHANTED BAY PHASE lA David Strickland Survey, Abstract No. 1376 City of Fort Worth, Tarrant County, Texas Filed in Cabinet A, Si de No.11723, Plat Records, Tarrant Co., Texas on 02/23/07 NEZ Cert #` ‘- Black Lott;St e"et;Qddcess .'.; wi. a Subdi`vis�on =. 4 t Atiatementsh Abatement Abatement Abatement Abatement 1 Abatement Abatement Abatement Abatement Abatement Abatement Abatement Abatement Abatement Abatement Abatement Abatement Abatement Abatement Abatement Abatement LA-C-0001-001 1 1 5641 Grenada Drive Waterfront At Enchanted Bay Tax LA-C-0001-002 1 2 5637 Grenada Drive Waterfront At Enchanted Bay Tax LA-C-0001-003 5629 Grenada Drive Waterfront At Enchanted Bay Tax LA-C-0001-004 5621 Grenada Drive 'Waterfront At Enchanted Bay Tax LA-C-0001-005 Waterfront At Enchanted Bay Tax LA-C-0001-006 Waterfront At Enchanted Bay Tax LA-C-0001-007 Waterfront At Enchanted Bay Tax LA-C-0001-008 Waterfront At Enchanted Bay Tax LA-C-0001-009 Waterfront At Enchanted Bay Tax LA-C-0001-010 Waterfront At Enchanted Bay Tax LA-C-0001-011 Waterfront At Enchanted Bay Tax LA-C-0001-012 Waterfront At Enchanted Bay Tax LA-C-0001-013 Waterfront At Enchanted Bay Tax LA-C-0001-014 Waterfront At Enchanted Bay Tax LA-C-0001-015 Waterfront At Enchanted Bay Tax LA-C-0001-016 Waterfront At Enchanted Bay Tax LA-C-0001-017 Waterfront At Enchanted Bay Tax LA-C-0001-018 5441 Waterfront At Enchanted Bay Tax LA-C-0001-019 5437 Waterfront At Enchanted Bay Tax LA C 0001 020 5429 Waterfront At Enchanted Bay Tax Tax Abatement LA-C-0001-021 LA-C-0001-022 LA-C-0001-023 LA-C-0001-024 LA-C-0001-025 LA-C-0001-026 LA-C-0001-027 LA-C-0001-028 LA-C-0001-029 LA-C-0001-030 LA-C-0001-031 LA-C-0001-032 LA-C-0001-033 LA-C-0001 034 LA-C-0001-035 LA-C-0001-036 LA-C-0001-037 LA-C-0001-038 LA-C-0001-039 LA-C-0001 040 LA-C-0001-041 ILA-C-0001 042 ILA-C-0001-043 1LA-C-0001-044 1 4 1 l 6 1 7 5617 Grenada Drive 1 9 5609 Grenada Drive 1 10 5605 Grenada Drive 1 11 5601 Grenada Drive 1 12 5549 Grenada Drive 1 13 5545 Grenada Drive 1 14 5541 Grenada Drive 1 ' 15 5537 Grenada Drive 1 16 5533 Grenada Drive 1 17 5529 Grenada Drive 1 18 5525 Grenada Drive 1 21 5513 Grenada Drive 1 22 5509 Grenada Drive 1 26 1 27 1 28 1 29 1 30 1 31 1 33 1 35 1 37 2 1 2 2 2 3 2 4 2 5 2 6 2 7 2 8 2 9 2 2 2 2 2 2 2 2 2 5425 Waterfront At Enchanted Bay 5421 Waterfront At Enchanted Bay 5417 Waterfront At Enchanted Bay 5409 Waterfront At Enchanted Bay 5401 Waterfront At Enchanted Bay 5365 Waterfront At Enchanted Bay 5640 Waterfront At Enchanted Bay 5636 'Waterfront At Enchanted Bay 5628 'Waterfront At Enchanted Bay 5808 'Waterfront At Enchanted Bay 5804 Waterfront At Enchanted Bay 5800 Waterfront At Enchanted Bay 5801 Waterfront At Enchanted Bay 5805 Grenada Court Waterfront At Enchanted Bay 5809 Grenada Court Waterfront At Enchanted Bay 10 5813 Grenada Court Waterfront At Enchanted Bay 11 5620 Thunder Bay Dr. Waterfront At Enchanted Bay 12 5616 Thunder Bay Dr. Waterfront At Enchanted Bay 13 5612 Thunder Bay Dr. Waterfront At Enchanted Bay 14 5608 Thunder Bay Dr. Waterfront At Enchanted Bay 15 5604 Thunder Bay Dr. Waterfront At Enchanted Bay 16 5600 Thunder Bay Dr. Waterfront At Enchanted Bay 17 5572 Thunder Bay Dr. Waterfront At Enchanted Bay 18 55681 Thunder Bay Dr. Waterfront At Enchanted Bay Grenada Drive Grenada Drive Grenada Drive Grenada Drive Grenada Drive Grenada Drive Grenada Drive Grenada Drive Grenada Drive Grenada Drive Grenada Drive Grenada Drive Grenada Court Grenada Court Grenada Court Grenada Court Tax Abatement Tax Abatement Tax Abatement 1 Tax Abatement Tax Abatement Tax Abatement Tax Abatement Tax Abatement Tax Abatement Tax Abatement Tax Abatement Tax Abatement Tax Abatement Tax Abatement Tax Abatement Tax Abatement Tax Abatement Tax Abatement Tax Abatement Tax Abatement Tax Abatement Tax Abatement I Tax Abatement Page 1 of 3 Filed NEZ:Certi#.? Jy-, LA-C-0001-045 LA-C-0001-046 LA-C-0001-047 LA-C-0001-048 LA-C-0001 049 LA-C-0001-050 LA-C-0001-051 LA-C-0001-052 LA-C-0001-053 LA-C-0001-054 LA-C-0001-055 LA-C-0001-056 LA-C-0001-057 LA-C-0001-058 LA-C-0001-059 LA-C-0001-060 LA-C-0001-061 LA-C-0001-062 LA-C-0001-063 LA-C-0001-064 LA-C-0001-065 LA-C-0001-066 LA-C-0001-067 LA-C-0001-068 LA-C-0001-069 LA-C-0001-070 LA-C-0001-071 LA-C-0001-072 LA-C-0001-073 LA-C-0001-074 LA-C-0001-075 LA-C-0001-076 LA-C-0001-077 LA-C-0001-078 LA-C-0001-079 LA-C-0001-080 LA-C-0001-081 LA-C-0001-082 LA-C-0001-083 LA-C-0001 084 LA-C-0001-085 LA-C-0001-086 LA-C-0001-087 LA-C-0001-088 LA-C-0001-089 LA-C-0001-090 WATERFRONT AT ENCHANTED BAY PHASE 1A David Strickland Survey, Abstract No. 1376 City of Fort Worth, Tarrant County, Texas in Cabinet Al Slide No.11723, Plat Records, Tarrant Co., Texas on 02/23/07 Bieck Lot S r t eet Address.':'. ,;_ ', . '�; ;Su6di,�ision �..,.7;`: w Abati 2 19 5564 Thunder Bay Dr. Waterfront At Enchanted Bay Tax 2 20 5560 Thunder Bay Dr. Waterfront At Enchanted Bay Tax 2 21 5556 Thunder Bay Dr. Waterfront At Enchanted Bay Tax 2 22 5552 Thunder Bay Dr. Waterfront At Enchanted Bay Tax 2 23 5548 Thunder Bay Dr. Waterfront At Enchanted Bay Tax 2 24 5544 Thunder Bay Dr. Waterfront At Enchanted Bay Tax 2 25 5540 Thunder Bay Dr. Waterfront At Enchanted Bay Tax 2 26 5536 Thunder Bay Dr. Waterfront At Enchanted Bay Tax 2 27 5532 Thunder Bay Dr. Waterfront At Enchanted Bay Tax 2 28 5528 Thunder Bay Dr. Waterfront At Enchanted Bay Tax 2 29 5524 Thunder Bay Dr. Waterfront At Enchanted Bay Tax 2 30 5516 Thunder Bay Dr. Waterfront At Enchanted Bay Tax 3 1 5621 Thunder Bay Dr. Waterfront At Enchanted Bay Tax 3 2 5617 Thunder Bay Dr. Waterfront At Enchanted Bay Tax 3 3 5613 Thunder Bay Dr. Waterfront At Enchanted Bay Tax 3 4 5609 Thunder Bay Dr. Waterfront At Enchanted Bay Tax 3 5 5601 Thunder Bay Dr. Waterfront At Enchanted Bay Tax 3 6 5561 Thunder Bay Dr. Waterfront At Enchanted Bay Tax 3 7 5553 Thunder Bay Dr. Waterfront At Enchanted Bay Tax 3 8 5549 Thunder Bay Dr. Waterfront At Enchanted Bay Tax 3 9 5545 Thunder Bay Dr. Waterfront At Enchanted Bay Tax 3 10 5541 Thunder Bay Dr. Waterfront At Enchanted Bay Tax 3 11 5537 Thunder Bay Dr. Waterfront At Enchanted Bay Tax 3 12 5533 Thunder Bay Dr. Waterfront At Enchanted Bay Tax 3 13 5529 Thunder Bay Dr. Waterfront At Enchanted Bay Tax 3 14 5525 Thunder Bay Dr. Waterfront At Enchanted Bay Tax 3 15 5521 Thunder Bay Dr. Waterfront At Enchanted Bay Tax 3 16 5517 Thunder Bay Dr. Waterfront At Enchanted Bay Tax 3 17 5513 Thunder Bay Dr. Waterfront At Enchanted Bay Tax 3 18 5509 Thunder Bay Dr. Waterfront At Enchanted Bay Tax 3 19 5505 Thunder Bay Dr. Waterfront At Enchanted Bay Tax 3 20' 5501 Thunder Bay Dr. Waterfront At Enchanted Bay Tax 3 21 5424 Grenada Drive Waterfront At Enchanted Bay Tax 3 ( 22 5428 Grenada Drive Waterfront At Enchanted Bay Tax 3 1 23 5432 Grenada Drive Waterfront At Enchanted Bay Tax 3 1 24 5436 Grenada Drive Waterfront At Enchanted Bay Tax 3 25 5440 Grenada Drive Waterfront At Enchanted Bay Tax 3 26 5444 Grenada Drive Waterfront At Enchanted Bay Tax 3 27 5448 Grenada Drive Waterfront At Enchanted Bay Tax 3 28 5500 Grenada Drive Waterfront At Enchanted Bay Tax 3 29 5504 Grenada Drive I Waterfront At Enchanted Bay Tax 3 30 5508 Grenada Drive !Waterfront At Enchanted Bay Tax 3 31 5512 Grenada Drive Waterfront At Enchanted Bay Tax 3 32 5516 Grenada Drive I Waterfront At Enchanted Bay Tax 3 33 5520 Grenada Drive I Waterfront At Enchanted Bay Tax 3 34 5524 Grenada Drive I Waterfront At Enchanted Bay Tax emerttss Abatement Abatement Abatement Abatement Abatement Abatement Abatement Abatement Abatement Abatement Abatement Abatement Abatement Abatement Abatement Abatement Abatement Abatement Abatement Abatement Abatement Abatement Abatement Abatement Abatement Abatement Abatement Abatement Abatement Abatement Abatement Abatement Abatement Abatement Abatement Abatement Abatement Abatement Abatement Abatement Abatement Abatement Abatement Abatement Abatement Abatement Page 2 of 3 Filed N EZ,.Cifit #i LA-C-0001-091 LA-C-0001-092 LA-C-0001-093 LA-C-0001-094 LA-C-0001-095 LA-C-0001-096 LA-C-0001-097 LA-C-0001-098 LA-C-0001-099 LA-C-0001-100 LA-C-0001-101 LA-C-0001-102 LA-C-0001-103 LA-C-0001-104 LA-C-0001-105 LA-C-0001-106 LA-C-0001-107 LA-C-0001-108 LA-C-0001-109 LA-C-0001-110 LA-C-0001-111 LA-C-0001-112 LA-C-0001-113 LA-C-0001-114 LA-C-0001-115 LA-C-0001-116 LA-C-0001-117 LA-C-0001-118 LA-C-0001 LA-C-0001.: LA-C-0001 LA-C-0001._ .` LA-C-000:1 LA-C-0001: LA-C-0001: LA-C-000.1. 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Bay Bay' • Tax Abatement Tax Abatement Tax Abatement Tax Abatement Tax Abatement Tax Abatement Tax Abatement Tax Abatement Tax Abatement Tax Abatement Tax Abatement Tax Abatement Tax Abatement Tax Abatement Tax Abatement Tax Abatement Tax Abatement Tax Abatement Tax Abatement Tax Abatement Tax Abatement Tax Abatement Tax Abatement Tax Abatement Tax Abatement Tax Abatement Tax Abatement Tax Abatement N o Abatement N o -Abatement. 4-4 N o Abatement N o Abatement N o: Abatement • N o -Abatement N o Abatement:" No Abatement • No Abatement - No Abatement No Abatement: N o Abatement' N o Abatement Page 3 of 3