HomeMy WebLinkAboutContract 53212-T1 CSC No. 53212-T1
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4 TERMINATION OF TAX ABATEMENT AGREEMENT
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ELFOR PROPERTY LOCATED IN A NEIGHBORHOOD EMPOWERMENT ZONE
ACT 1 CITY SECRETARY CONTRACT NO.53212
�RYOf FpprWo 3033 Hemphill Street
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This TERMINATION OF TAX ABATEMENT AGREEMENT OF CITY
SECRETARY CONTRACT NO. 53212, TAX ABATEMENT AGREEMENT FOR
PROPERTY LOACTED IN A NEIGHBORHOOD EMPOWERMENT ZONE is made and
entered into by and between the CITY OF FORT WORTH, a municipal corporation of Tarrant
County, Texas, acting herein by and through its duly authorized City Manager, its duly
designated Assistant City Manager, hereinafter referred to as the "City," and Berry Theatre, LLC,
acting herein by and through its duly authorized representative..
RECITALS
WHEREAS, the City of Fort Worth ("City") and Berry Theatre, LLC made and entered
into City Secretary Contract No. 53212 approved by the City Council on November 19, 2019 (the
"Agreement") to authorize a five year tax abatement agreement for the property at 3033 Hemphill,
Lots 9 and 10, Block 32, South Hemphill Heights located in the South Hemphill Heights
Neighborhood Empowerment Zone; and
WHEREAS, the City and Berry Theatre, LLC wish to terminate the Agreement in
accordance with Section 4.4 of the agreement upon determining that the Required Improvements
are no longer feasible.
NOW THEREFORE, City and Berry Theatre, LLC, acting herein by and through their
duly authorized representatives, enter into the following agreement:
1.
The City and Berry Theatre, LLC hereby mutually agree the Agreement is hereby
terminated, effective on June 23, 2021.
EXECUTED on this the I5 day of '`Wo q' , 20 GA .
[SIGNATURES IMMEDIATELY FOLLOW ON NEXT PAGP
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Termination of CSC No. 53212
Berry Theatre,LLC �,
CITY OF FORT WORTH: BERRY THEATRE,LLC:
a Texas limited liability company,
By: L ie� By:
Fernando Costa Name:
Assistant City Manager Title: I
Date: la�/S12oZ1 Date: t S Z
Approved as to Fo
,and Legality• Attested By:
Melinda Ramos, Sr. Assistant City Attorney Kayser, etSmTetafy
Ronald 1P. *n2ales
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Termination of CSC No. 53212 Page-2 6f3
Berry Theatre,LLC
STATE OF TEXAS §
COUNTY OF TARRANT §
BEFORE ME, the undersigned authority, a Notary Public in and for the State of
Texas, on this day personally appeared Fernando Costa, known to me to be the person whose
name is subscribed to the foregoing instrument, and acknowledged to me that he/she executed
the same for the purposes and consideration therein expressed, as the act and deed of the CITY
OF FORT WORTH, and in the capacity therein stated. �y�h n�
GIVEN UNDER MY HAND AND SEAL OF OFFICE this_L ' day of (.:! 52004 .
SELENA ALA
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�. ;�=Notary Public, State of Texas
Comm. Expires 03'of 024 otary Public, State of Texas
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oWO Notary ID 132422528
STATE OF TEXAS §
COUNTY OF TARRANT §
BEFORE ME, the undersi ed )uthori , a Notary Public in and for the State of
Texas, on this day personally appeared 2 011 , known to me to be the person whose
name is subscribed to the foregoing instrument, and acknowledged to me same was the act of
Berry Theatre, LLC., and that he executed the same as the act of Berry Theatre, LLC, for the
purposes and consideration therein expressed and in the capacity therein stated".
GIVEN UNDER MY HAND AND SEAL OF OFFICE this day of_ t� ��,�✓ , 2Q,� .
t�wY BMBAM A.JOHNSON
My Notary ID#10740923
"a; sP,�+• Expires July 7,2024
Notary Public, to of Texas
Termination of CSC No. 53212
Berry Theatre,LLC