HomeMy WebLinkAboutContract 44277 Aft
s SECRETARY
CONTRACT NO,, 14 LJ
STATE OF TEXAS
COUNTY OF TAR. NT §
TAX ABATEMENT BATE ENT AG E EN 1
This TAX ABATEMENT AGREEMENT ("Agreement") is entered into by and
between the CITY OF FORT WORTH, TEXAS (the "City"), a horns rule municipality
organized under the laws of the State of Texas, and BUCK'S WHEEL & EQUIPMENT CO.
("Owner"), a Texas corporation.
The City Council CAP the City of Fort Worth "Cl"ty Council") hereby finds and the parties
hereby agree that the following statements are true and correct and constitute the basis upon which
'the parties have entered into this Agreement-,
A. On June 12, 12, the City Council adopted Resolution No. 4096-06-2012, stating
that the City elects to be eligible to participate 'in tax abatement, as authorized by and in accordance
with the Property Redevelopment and Tax Abatement Act, codified in Chapter 312 of the Texas
Tax Cade, as amended (the "Code"):.
130 On December 6,1 2011, the City Council adopted Resolution No. 4051-12-2011 and
approved a, relocation Incentives Policy (the "Reloea ton Incenflves, Policy") for qualifying,
businesses that are displaced and must relocate due to a Major Public Infrastructure Project, as that
tern. is defined in the Relocation Incentive Policy .Yax abatement is one of the incentives
available under the Relocation Incentives Policy.
C On July 18, 2006, the City Council adopted Resolution No. 339 "-2006, finding
that -the Trinity River Uptown Pre eet, as defined in Resolution N . 3 3 90- x 006, is a Ma or
Public Infrastructure Project and that, therefore, businesses that are displaced and must relocate on
account of the Trinity River Uptown Project are eligible for incentives pursuant to and in
accordance with the Relocation Incentives Policy.
D Owner currently operates an automotive and mechanical repair and maintenance
facility at 220 South Commercial Street in the City, This property has been acquired or is intended
to be acquired by Tarrant Regional Water District on account of the "trinity River Uptown Project,
which will displace Owner's business operations. Owner has purchased property at, 5 1 forth.
Main St. and 5201 N. Main St. (collectively, the "Land"), as more specifically described in
Exhibit `A", attached hereto and hereby made a part of this Agreement for all purposes, and
intends to relocate Owner's business operations to the Land. The Land is located within that area
of the City defined by the Relocation Incentives Policy as area 3, which qualifies Owner for tax
abatement under the Relocation Incentives Policy.
E. The City ty Council established "fax Abatement Reinvestment Zone No. 86, City of'
Pert Worth, Texas (the "Zone"') pursuant to Ordmance No. 20584 1 C 13, which was adopted on
Page I OFFICIAL RECORD
Tax Abatement Agreement between
City of Fort Worth and Buck's Wheel&Equipment Co. CITY SECRETARY
43 FT,WOV Ho TX
RECEIVED MAR 14 201
..........____.............
January 15, 2013, as amended by Ordinance No. 20594-01-2013, which was adopted on January
297 2013 (collectively, the "Ordinance"').
F, On October 3 1, 2012 Owner submitted an application for tax abatement to the City
concerning the contemplated use of the Land (the I'Appli ca tion"),, attached hereto as Exhi"bit "B"
and hereby made a part of this Agreement for all purposes.
G. The contemplated use of the Land, the Required Improvements, as defined in
Section I, and the terms of thi's Agreement are consistent with encouraging development of the
Zone and generating economic development, and increased employment opportunities in the City,
in accordance with the purposes,for creation of the Zone.
H, Written notice that the City 'Intends to enter into this Agreement, along with a copy
of this Agreement, has been tuniched in the manner prescribed by the Code to the presiding
officers of the governing bodies of each of'the taxing units 'in which the Land is located.
NOW, THEREFORE,, the City and Owner, for and in consideration of the terms and
conditions set forth herein,, do hereby,contract,, covenant and agree as follows:
I REQUIRED IMPROVEMENTS AND USE OF LAND BY OWNER,
Owner shall expend at least One Million Five Hundred Thousand Dollars
($1 5010,0�00.00) 'in Construction Costs for improvements to the and or to existing
improvements thereon, as specified in the Application (collectively, the "Requi,red
Improvements"), in order to relocate O,wner�s automotive and mechanical repair and
maintenance facility from 220 South Conim ere ial St. to the Land. For purposes of this
Agreement, "Construction Costs" shall mean means the following costs expended to construct
the Required Improvements: actual site development costs, construction costs, contractor fees,
costs of supplies, and materials, engineering, fees, architectural and design fees, and any pen-nit
fees. Construction Costs specifically excludes any acquisition costs, of the Land.
Once Owner has completed the Required Improvements, Owner shall notify the City in
w 'fing. Stich written no ice must occur on or before December 3 1'� 2013 (the "Compleon fl
ri, 1 to
Deadline"'). This written notice shall include a description of any new taxable tangible personal
property,that was not located in the City prior to the Effective Date of this Agreement and that has
been placed on the Land since the Effective Date of this Agreement New Personal Property").
Following receipt of such written notice, the City shall promptly verify whether the Required
Improvements have been made and what New Personal Property is on the Land. Upon such
veri ic,at"on the City shall provide Owner with written confirmation that the Required
Improvements were completed (the date of such written confirmation being the "Completion
Date") and a description of the New Personal Property that has been located on the Land as of the
Completion Date. Following the Completion Date and all times thereafter during the Term of this,
Agreement, Owner shall use the Land, the Required Improvements and the New Personal Property
for the purpose of operating, an automotive and mechanical repair and maintenance facility, as set
Page 2
Tax Abatement Agreement between
City of Fort Worth and Buck's,Wheel&Equipment Co.
forth in the Application. The parties hereto agree that such use of'the Land is consistent with the
general purpose of encouraging redevelopment of the Zone during the Term of thi's Agreement.
2, ABATEMENT AMOUN TS,TERMS AND CONDITIONS,
In return for Owner's construction of the Required Improvements and use of the Land in
accordance with Section I of this Agreement, the City will grant to Owner property tax, abatements
on (1) the Land and any improvernents thereon and (ii) any New Personal Property annually for a
period of three (3) years, beginning in the first full tax year following the Completion Date
(collectively, the "Abatement"). T'he amount of each annual Abatement granted under this
Agreement shall be (1) twenty-five percent (25%) of the increase in value of the Land and any
improvements thereon, and (1i) twenty-five percent (25'%) of the increase in value of the New
Personal Property over their respective values as of January 1, 2013, which is the year in which
-the parties entered into this Agreement.
3. TERM.
This Agreement shall take effect on the date as of which both Athe City and Owner have
executed this Agreement and, unless to mated earlier in accordance with its terms and conditions,
shall expire on December, 31 of the third (3rd) full calendar year following the Completion Date
(the "Term").
4* RECORDS2 AUDITS AND EVALUATION OF REQUIRED IMPRO�VEMENTS,
4.1. Inspeeflon of'Pro per!y.
At any time during normal office hours throughout the Term and the year following
the Term, and following reasonable notice to Owner, the City shall have and Owner shall
provide access to the Land, any 'improvements 0
rov thereon, including the Required
Improvements and any New Personal Property, in order for the City to inspect the Land
and evaluate the Required Improvements and the New Personal Property to ensure
compliance with the terms and conditions of this Agreement. Owner shall cooperate fully
with the City during any such inspection andJor evaluation. Notwithstanding the foregoing,
Owner shall have the right to require that any representative of the City be escorted by
Owner's security personnel while on the Land.
4.2. Compliance Cerfification by Owner.
On or before March I of each year following the year in which the Completion
Date occurred, Owner shall submit a written certificate to the City as to whether Owner is
in compliance with all terms and conditions of this Agreement.
Page 3
Tax Abatement Agreement between
City of For worth and Buck's Wheel&Equipment Co.
4.3, Audits.
The City shall have the right to audit the financial and business records of Owner
and Owner that relate to Owner's construction of the Required Improvements operations
(collectively, the "Records") at any time during the ne i r IN erm solely in order to verify that
the Land is being used for the commercial purposes set forth in Section L Owner shall
make all Records available to the City on the Land or at another location in the, City
following reasonable advance notice by the City and shall otherwise cooperate fully with
the City during any audit.,
5, DEFAULT AND TERMINATION.
5.1. Failure to Complete Requi P red Improvements,
If Owner falls to expend at least One Million Five Hundred Thousand Dollars
($1,500,00101) in Construction Costs for the Required Improvements by the Completion
Deadline, or if over fails to notify the City in writing on or before the Completion
Deadline that the Required Improvements have been completed, the City shall have the
right to terminate this Agreement immediately upon provision of written notice to Owner.
5.2. Other Default.,
An event of default shall occur under this Agreement if(0 the Land is not used for
the commercial purposes set forth in Section I for more than thirty (30) consecutive
calendar days; (ii) ad valorem taxes on the Land, any 'improvements thereon or any
personal property located thereon that are owed to the City by Owner become delinquent
and Owner does not timely and properly follow the legal procedures for protest and/or
contest, of any such ad valorem real, property or tangible personal property taxes* or ('111)
Owner breaches any other term or condition of this Agreement. If the City determines that
an event of default has occurred pursuant to this Section 5.2, the City shall provide a
written notice to Owner -that describes the nature of the default. Owner shall have thirty
(30) calendar day's from -the date of receipt of this written notice to fully cure or have
cured the default. If Owner reasonably believes that Owner will require additional time
to cure the default, Owner shall promptly notify the City in writing, in which case (i) after
advising the City Council in an open meeting of Owner's efforts and intent to cure,
Owner shall have ninety (go') calendar days from the original date of receipt of the
written notice to cure the default, or (1i) if Owner reasonably believes that Owner will
require more than ninety (90) days to cure the default, after advising the City Council in
an open meeting of Owner's efforts and intent to cure, such additional time, if any, as
may be offered by the City Council in its sole discretion. Notwithstanding anything to
the contrary herein, if Owner has been default tinder this Agreement for failure to use the
Land for the commercial purposes set forth in Section I for more than thirty (30)
consecutive calendar days on two (2), previous occasions during the Term of this,
Agreement, the City may terminate this Agreement upon provision of written notice to
Page 4
Tax Abatemen:t Agreement between
City of Fort Worth and Buck's Wheel&Equipment Co.
. .. ................
uwner after the third such default without the obligation to provide Owner the right to
cure as provided aboive, In the event this Agreement is terminated pursuant to this
Section 5.27 there shall be no recapture of any taxes abated prior to the effective date of
termination.
5.3. Termination at Will.
Owner may terminate -this Agreement at any time by providing written notice of
such intent to the City. In this event, ('i) ifthe "I'erm has commenced, the Tenn shall expire
as of the effective date of the tier-in of this Agreement-, (11) there shall be no recapture
of any taxes abated, prior to the effective date of termination; and, (iii) neither party shall
have any further rights or obligations hereunder.
5.4. Know"n,
'I g Emylovment of Undocumented Workers.
Owner acknowledges that the City is required to comply with Chapter 2264 of the
Texas Government Code, enacted by House Bill 1196 (80th Texas Legislature), which
relates to restrict-ions on the use of certain public subsidies. Owner here, y certfl
that
Owner, and any branches, divisions, or departments of Owner, does not and will not
knowingly employ an undocumented worker, as that term, i's defined by Section
2264.00](4) of the Texas Government Code., In the event that Owner, or any branch,
division, or department of Owner, is convicted of a violation under 8 U.S.,C. Section
1 3 2 4 a(l) (r e l a t i n g t o e deral criminal penalties and injunctions for a pattern or practice
of employing unauthorized Wiens), subject to any appellate rights that may, lawfully be
available to and exercised by Owner, Owner shall repay, within one hundred twenity
(12 0) calendar days following receipt of written demandfrom the City, the amount of
Abatement received by Owner hereunder, if any,plus Simple Interest at a rate of four
percent (4Yo) per annium based on the amount of Abatement received as of December.
3 o the tax year in winich the Abatement was granted..
For the purposes, of this Section 5.4, "Simple Interest" is defined as a rate of
interest applied only to an original value in this case the amount of Abatement. This rate
of interest can be applied each year, but will only apply to the amount of the Abatement
received and is not applied to interest calculated. For example, if the aggregate amount of
Abatement received by Owner is $10,000 and it is required to be paid back with four
percent (4%) interest five years later, the total amount would be $10,000 + [5 x ($10,0010 x,
0.04)], which is $12',000. This Section 5:.4 does not apply to convictions of any Affiliate of
Owner, any franchisees of Owner, or any person or entity with whom Owner contracts.
Notwithstanding anything to the contrary herein, this Section 5.4 shall survive the
expiration or termination of this Agreement.
Page 5
'Fax Abatement Agreement between
City of For Worth,and Rink's Wheel&Equipment Co.
60 EFFECT OF SALE OF LAND, MQUIRED IMPROVEMENTS A I OR
PERSONAL PROPERTY,
The Abatement ,fir e hereunder shall vest only in Owner, and cannot be assigned to
new owner of all or any portion of the Land, the Required Improvements and/or the New Personal
Property.
7. NOTICES.
All written notices called 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 mil,
postage prepaid, or by hand.delivery
CI with copies o:
City of Fort Worth the City Attorney and
Attn: City Manager Eton mic/Comm-iu ity Development
000'l"hrockmorton Director at the same address
Fart Worth,TX 76102
Owner:
Bu ck"s Wheel & Equipment Co..
Attn: Gary Brawner, President
P.O. Box 471668
Fort Worth, TX 76147
81 COMPLIANCE WITH LAWS ORDINANCES, RULES AND REGULATIO �
ALL GRANTS SUBJECT TO APPROPRIATION.
This agreement will he subject to all applicable federal, state and local laws, ordinances,
rules and regulations, 'Including, but not limited to, all provisions of the City's Charter and
ordinances, as amended.
9. GOVERNMENTAL POWERS.
It is understood that by execution of this Agreement, the pity does not waive or, surrender
any o it governmental powers r uniti
f'� es.
Page
1'ax Abatement Agreement between
City of Fort Worth and Buck's Wheel&Eck i c-n n Co.
too NO WAIVER.,
The failure of either party to insist upon the performance of any term or provision of this
I I
t
Agreement or to exercise any right n granted hereunder shall not constitute a,waiver of that party's
right to insist upon appropriate performance or to assert any such right on any future occasion.
11, VENUE AND JURISDICTION,
If any action, whether or not real or asserted, at law or 'in equity, arises on the basi's of any
provision of this Agreement, venue for such action shall lie in state courts located in Tarrant
County, Texas or the United States Court for the Northern District of Texas—Fort Worth Division.
Ills Agreement shall be construed in accordance with the laws of the State of Texas.
124, NO THIRD PARTY RIGHTS,
The provisions of this Agreement are solely for the benefit of the City and Owner, and are
not intended to create any rights, contractual or otherwise, in any other person or entity.
13. SEVERABILITY.
If any provision of this Agreement is held to be invalid, illegal or unenforceable, the
validity, legality and enforceability of the remaining provisions shall not in any way be affected
or impaired.
140, INTERPRETATION,
In the event of' any dispute over the meaning or application of any provision of this
Agreement, this Agreement shall be interpreted fairly and reasonably, and neither more strongly
for or against either party, regardless of the actual drafter of this Agreement. In the event of any
conflict between, the City's zoning ordinances, or other City ordinances and regulations, and this
Agreement, such ordinances or regulations shall control.
15, BONDHOLDER RIGHTS,
The Required Improvements will not be financed by tax increment bonds., This Agreement
is subject to the rights of holders of outstanding bonds of the City.
Page 7
Tax Abatement Agreement between
City of Fort Worth and Buck's Wheel&Equipment Co.
16, CONFLICTS OF INTEREST.
Neither the Land nor any of the Required Improvements covered by this Agreement are
owned or leased by any member of the City Council, any member of the City Plan or Zora*ng
Commission or any member of the governing body of any taxing unit with J*urisdicti on in the Zone.
17. CAPTIONS,
Captions and headings used in this Agreement are for reference purposes only and shall not
be deemed a,part of this Agreement.
18. ENTIRETY OF'AGREEMEN'T,
This Agreement, including any exhibits attached hereto and any documents in
herein by reference, contains the entire understanding and agreement between the parties hereto as
to the matters contained herein. Any prior or contemporaneous oral or written agreement is hereby
declared null and void to the extent in conflict with any provision of this Agreement. This
Agreement shall not be amended unless executed in writing by both parties and approved by the
City Council.
19, COUNTERPARTS,
This Agreement may be executed in multiple counterparts, each of which shall be
considered an original, but all of which shall constitute one instrument.
IN WITNESS WHEREOF, the undersigned have caused this Agreement to be executed
as of the later date below:
[SIGNATURES IMMEDIATELY FOLLOW ON NEXT TWO PAGES]
Page 8
Tax Abatement Agreement between
City 'Fort Worth and Buck's Wheel&Eq,uipment Co.
CITY OF FORT WORTH, APPROVED AS TO FORM AND LEGALITY:
By: id r
Fernando Costa Peter Vaky
Assistant City Manager Deputy City Attorney
Date: 8 3 M C: C-26076 '.i- I-
T � 000 .
City Seer
X0,
»x"11
STATE OF TEXAS
COUNTY TARRANT
BEFORE ME, the undersigned authority, ors this day personally appeared Fernando
Costa, Assistant City Manager of the CITY OF FORT WORTH,, a municipal corporation.
t rganiz,e. under the laws of the State of Texas, lo-iown to me to be the parse and officer whose
name is, subscn'bed to the foregoing instrument and acknowledged to me that the same was the act
of the CITY OF FORT WORTH,that he was duly authorized to perform the same by appropriate
resolution of the City Council of the City of Foil Worth and that he executed the same as the act of
the CITY OF FORT WORTH for the purposes, and consideration therein expressed and in the
capacity therein. state ..
GIVEN UNDER MY HAND AND SEAL OF OFFICE this dad of
12013.
EVONIA DANIELS
MY COMMISSION EXPIRES
m,.. � 3
f
Rage 9 OFFICIAL RECORD
FIJI a
Tax
rF Y
� t nc rat between Agreement C T
Cit of Fort Worth and Buck"s Wheel&Equipment Co,. CITY SECRETARY
lu""UCK'S, WHEEL & EQUIPMENT CO., ATTEST:
a,i ex corporation,
10
C100
Gary B wner;
President
Date:
STATE OF TEXAS
COUNTY OF TARRANT
BEFORE ME,, the undersigned authority, on this day personally appeared Gary Brawner,
President of BUCK'S WHEEL & EQUIPMENT CO., a Texas corporation, known to me to be
the person and `icer whose name is subscribed to the foregoing instr-ument, and acknowledged to
me that tree same was the act of BUCK'S WHEEL & EQUIPMENT CO, and that ne executed
the same as the act of BUCK'S WHEEL & EQUIPMENT CO. for the purposes and
consideration therein expressed and in the capacity therein stated.
GIVEN DER MY HAND AND SEAL OF OFFICE this (T day of
12 .3.
W
JON
-CL
'®R
Notary Rublic in and fo'
the State of Texas
Notary's Printed Name
SARAH J.ODLE
MY COMMISSION EXPfRES
Page 10
Tax Abatement Agreement between
City of Fort Worth and Buck's Wheel&Equipment Co.
r,./vHIBITS
A —Map and Legal Descripfion of the Land
"B"—Relocation Incentives Application
Page I I
rrax Abatement Agreement between
City of Fort Worth and Buck's Wheel&Equipment Co.
EXHIBIT 44A"
DESCRIPTION OF THE LAND
BEING a 14.189 acre tract of land in the A.F. Albright Survey, Abstract Number 1849, situated
in I arrant County, Texas, and being a portion of Lot 3, dock I and all of Lot 2, Block I 820
Business, Park, an addition to the City of Fort Worth, Texas, recorded 'in Cabinet A, Slide 12879,
Plat Records Farrant County, Texas. The bearings for this description are based on the west line
of said Lots 2 and 3, Block I of 820 Business Par, . Said 14,189 acre tract being described by
metes and bounds as follows;
BEGINNING at a V2" iron rod with plastic cap stamped "RPLS 4818" found at the northwest
corner of said Lot 3, Block I-
THENCE North 8957' " East, along the north line of said Lot 3, Block 1 a, distance of
1208.99 Feet to a 1/2," 'iron rod with plastic cap stamped "RPLS 4818" set at the northeast corner
of Lot 3, Block 1, same being on the westerly right-of-way line of Interstate Loop 820, access
road, a public right-of-way.-
THENCE South 28,'43'00" West, departing said north of Lot 3, Block 1, and continuing along
the easterly line of said Lot 3, Block I and along said westerly right-of-way line, a distance of
64.49 Feet to a V27 iron rod iound at the point of curvature of a non-tangent curve, concave to; the
northwest, having, a radius of 178,0.8,6 Feet, a central angle of 0"18,'35", and a chord of 9.63 Feet
bearing South 289 V59" West-,
THENCE southwesterly, continuing along said easterly line of Lot 3, Block 1, and the said
westerly right-of-way line, and along the arc of said curve, a distance of 9.63 Feet to a V2" 'iron
rod with plastic cap stamped ",RPLS 4818" set at the northeast corner of that certain tract of land
described in deed to American National Credit Corporation, recorded in County Clerks File
Number D205143326, Real Property Records, Tarrant County, Texas;
0
THENCE departing sai.d. westerly right-of-way line and continuing over and across -the said Lot
3, Block 1, along the northerly, westerly and southerly lines of'the said American National Credit
Corporation tract the following courses and distances-,
North 87'36'54" West, a distance of 262,36 Feet to a V2" iron roc I t with plastic cap
,stamped "RPLS 4818" set;
South 74044"0611 West, a distance of 234.27 Feet to a 1/2" iron rod with, plastic cap
stamped "RPLS 4818" set,
South 2'09'44" East, a distance of 223.76 Feet to 1/2" 'iron rod with plastic cap stamped
''RPLS 481 8" set,
North 89'13'34" East, a distance of 297.81 Feet to aY2" 'iron rod with plastic cap stamped
"RPLS 4818" set on the said westerly right-of-way line, same being the easterly line of
said Lot 3, Block 1, a,nd being the beginning of' a non-tangent curve,, concave to the
northwest, having a radius of 1780.86 Feet, a central angle of 7'05'39"', and a chord of
220�.36 Feet bearing South 42'43'59" West'
THENCE on the said westerly right-of-way line, and said easterly line Lots 3 and 2, of said
Block 1, the following courses and distances,-
Southwesterly, along the arc, of said non tangent curve, a distance of 220.50 Feet to a V2"
iron rod with plastic cap stamped " LS 4818" set;
South 46021'00" West, a distance of 310i.,72 Feet to a broken concrete highway
monument, and the beginning of a non-tangent curve, concave to the southeast, having a
radius of 845.,20 Feet, a central angle of 7'06'54", and a chord of 104.89 Feet bearing
South 42'42'18" West-,
Southwesterly, along the arc said curve, a distance of 104.96 Feet to a 1/2" iron rod with
plastic cap stamped "PR:S 4,818" found at the southeast corner of Lot 2 of said Block 1,
820 Business `ark-,
T HENCE South 89'22'29" West, departing said westerly right-of way line, and continuing
along the south line of the said Lot 2, Block 1, a distance of 548.33 Feet to a bent V2" iron rod
I
found southwest comer of the said Lot, 2, Block
THENCE North 0010'00" East, along the west line of said Lots 2 and 3, Block 1, a distance of
793.70 Feet to the POINT OF BEGINNING, and containing a computed area of 14.,18,9 Acres,
more or less.
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Relocation Incent'ives
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General Information J Date
-'A
I.Applicaition Information., 0 a a 01 Z
Company Name t,I Y,+ �1� 0,11*1
NOW
Company Address
zip 0'7
_V- 4 71
Contact Person Title/Position
Telephone Number Ext. -------0
Mo ile Telephone Number Fax Number
E-Mail Address
S Qy�f) V-V
TIA-o
2. New Location of Bu iness;
A,ddress/Loc,ation NA I
1 11 �I I r 1
c f rACA I n
3. Develwment re es j Is that will be sought foLtho,proiec se c al that t l aj)1)/V).. 610 1 0
F- Replat Current Zonin,g
7 Rezoning Requested Zoning
Variances if yes,please describe AT
Downtown Design Review Board
Landmark Commission
4., 1ncenfiveC4_Rgjquested_by. ► lease Refer to the Attached R, location Incentives Policv and Map to
0-
Select thQ Approp i to Ar a and Incentives,*
Area 3: K9 Expedited Plan Review $1 Expedited Zoning Process $1 3,-year 25%Tax Abatement
Area 2,-. F Expedited Plan Review Expedited Zoning Process 4-year 50%Tax Abatement
F RelIease of Certain Liens,please specify
Waiver of the Fo//o wing Developm en It Departmen t Fees,Please select the fees,-
F Building Permit F_ Zoning r- Platting F_ Ordinance Inspection f- Encroachment f- Expedited Zoning
Fire,Sprinkler,Alarm Permit
Area 1: F- Expedited Plan Review Expedited Zoning Process f` 8-year 75%Tax Abatement
F Release:of Certain Liens,please specify
Waiver of the Following Development Department Fees,Mease select the fees:
F Building Permit [' Zoning Platting F" Ordinance Inspection F Encroachment Expedited Zoning
F_ Fire,Sprinkler,Alarm Permit
Page 2 of 3
............
,busi
mess In�formation
5. BusiaQs,
�_Qegi�2rofiQn.-.
A.Please provide a brief description of the business
B.Real Estate Development
Peal Property:
Size Cost of Construction
ZOO
2.Site Development(parking,,fencing,landscaping,etc.):
Type of Work to he done F �
Cast of Site Development$
C.Personal Property
New Personal Property:
Cast of Equipment,Machinery,Furnishing,etc. b V-Z--
Purchase or Lease .'
Disclosures
6. Lin ers n, or firm i-e,ce vin are r cols e .� I � ��iiss or r other of- r �� � i��� �qd
m._ __.. *._ _.�._..LL. _. __..
� v rr �r �° obtained can from, � � � �„ �e ��� C� � r=
on t_�.._..__...._...... � a �.�.�.._ v...�__.. tai _.......� _ .__._ .._�_ _w__.... „ _ M_. ._�....r:...
a
a ttach-��WiLs�.
p
7. Please orovide the ollo wi ` *
a. Attach,a site plan of the project. I r, DeNI eLOIVMJ�N I-V
h. Attach a legal description or surveyor 1,s certified metes&bounds,description
ro ert tax statement from the a r ruts a raisai district�. attach a c� ��f the most recent � ct fc�r all parcels ir��r�l�r+ed�l
�
the r�.jlc�� t, i4 t 95 N, ft)YOtIN
On behalf of the applicant,l certify the information contained in this application,including al'l attachments to he true and correct.I further
certify that,on behalf of the applicant,I have read the current Incentive Policy and all other pertinent City of Fort Worth policies,and I
agree with the guidelines and criteria state therein.
% t
Printed Nam Title p��e-5
Signature Date X,
Page 3 of 3
10/291/2012 15,06 8176259978 THE RE GROG PAGE 0 5
AN
100 E.Weatherford, Forl Wcall't, TX 76196
K
RON WRIGH'T
(8 17)
884.1'100
TARRANT CO rY e-mail taxotf i(Ofla t I an(k wfflv S�n I
TAX ASSESSOR-Col J�ECPOR web,wwIw,ta rrin tcoity,t ot i)
IMFRUTA Lolade(�hanges
DATE: 0'2/1'020112 ghe bv of statement,
I
ACCOUNT,A
000414371960 IMM'AMECamblos Legi-slativos
LEGAL: $20 WSINF.$$PARK Comparul6nl de 5 Anos detras,del:Cobro.
BLX I LOT 21
OWNW, OTCARP IINC 48729
P CE!L ADDRESS: 0006101:N MAIN ST
EXEMPTII
ANN-
LAO VALUE o7 -AP—PRAISED VAS
$5,872 651872
TAANG rt: T I'FES APPRA-ISED VADUE-77, EXEMIPM10�' TAX0164L TAX,RATE 0ASE TAX S DUE
AMOUNT VALUE PER$100 CURRENT1,Y
—w—ok H—CITY" 6$ 65�872
IFT T I # 5163 211 553.21
"r NUT COUNTY 651 0 650,872 i O,264I000 17 3.901 173.90
REG WA TER DIST 650872 0 135,872 0,020000 1:3 17 13.1,7
T C HOSPITAL, 651872 0 651,872 0.2278197 1150.12 150,12
I T C COLLI. 65 872 0 615872 0,14897'0 96.13 98 `13
EAGLNITISACs ISO 6508,72 65,87 1,5310000 1*007.64 1,007,84
TOTAL,TAXES 2,006,37 21 0 1 .ST
PAY by Credit Card or eCheck PENALT'Y &INTEREST 140 44
TOTAL AMOUNT DUE 2,146.81
INCLUDE$ PAYMENTS RE-CEIVED
in perwrl only P*V online wflh thsse omrI
or by ph one st:017-WA-1 111,0
*LAWSUIT HAS BEEN FILE D ON DELINOUENTITAXES. CALL 8171884-1051 FOR ADDITIONAL AMOUNT DUE.
YOUR CHECK WILL BE CONVERTED INTO AN ELECTRONIC FUND TRANSPER 1304027
�w
tnmP INC M fU F1 q W VFW PA 17 OE f
LOO 75153-10, PAY THIS AMOUNT
NO LAWSUIT 19LIW A&WST D!EL MUJINTTAXES.CA U 01 Vg"l CV $21,1416.81
[OF-LINQUENT APTF_R; 01/311201,2
OW41437000 2011
I E P-AIU,IN
MAR 20186,93
APR 2122 .0,8
CITCARP IINC
2400 E AVE
FORT WORTH TX 7011 64-6140
Make check 001011
RON WRIGH!T. TAX ASSESSOR-COLLECTOR
PO Box 961018
FORT WORTH TX 76161-0018
000411437950 '2146811 0000216693 000022a708 0 i2 1,4 2 0 12 01 0 QQ 0
29/2012 15*0 08 8176259978 THE REAL ESTATE GROP PAGE 0 4
100 E. Weatherford, F�ort wo(tri TX 76196
RoN WRIGHT (8 17)884-1100
e-rn a i t:ta xo ff i c e(Pt a r r a m ly.(onl
TARRANT COUNTY
web:www.tarratit(oLinity.�,.01)1
TAX AS,5F.9_,5�0R_C0u,x,M,, R
OATE# 02/14/2012 2011 TAX, STATEMENT
5 Y*ar Com lson tie statement.
ACCOUNT. 000414371909 IMEOIANI -Camblos,Legisfativos
LEGAL-. 8120 DUSIUM PARK Comparacj6n de 5 Amas detris�cl Cob r
OLK I LOT 3 0
OWNER! CI 'WP INC 46730
1
PARCEL ADD".", =6201 N IN ST
LAND VALUE APP VAL,
312r720 312,720
I ENTITIES AFPRA,ISEQ , L EXEMPTION' T BLE TAX RAT`E �BAS2 TAX— 7._J�XF_S5Z�_E �11
AMOUNT VALUE PER$100 CURRENTLY
FT WORTH CITY 312,720 1 0 31217' 0.955000 2,6173-76, 73.76
TNT COUNTY 3121,720 0 3121720 0.264000 25.58 825,,58
REG WATER DIST 3121720 0 312,720 Ow020000 8254 62,54
T C HQS,PITAL 312t720 a 312,720 O,227 97 712,68 712,68
T 0 CMLEGE 312,720 3121,720 O.148970 465,80 465 86
GLMT/SAG I D 312, 312,720 1.513,0000 4 m 784. 2 4,784,62
TOTAL TAAL-S 915,25, 9.52504
Pay by Credit Card or eChack PENALTY INTEREST 6661,77
TOTAL AMOUNT VU E 104191.81
M, INCLUDES PAYMENTS RECEIVED
In parson only Poy orgine v*h thme cards,
or bv ph wo,at: 17 -i 1 1 0
*'LAWSUIT HAS BEEN FILED ON DELINQUENT TAXES,CALL 917/88*1051 FOR ADDITIONAL AMOUNT DUE.
"YOUR CHECK WILL SE CONVERTED INTO AN ELECTRONIC FUND TRANSFER 13,04064
CMX90"l NC
L000�7 583-10 PAY THIS AMOUNT
NOTE LAWSUfT FILEO AGAINST DEL INQUENT TAXE$,CALL 01 7/W1 061. $107191. I1
DELINQUENT AFTER 01/3112012
00041437WO 2011,
MA,R 382.29
APR 10.572 80
CITCARIP INC
2400 E4,US AVE
FORT WORTH TA 76184-8140
Make check payable for
1111 RON WRIGHT,TAX ASSES SON-COLLECTOR
PO 80A 961,018
FO,RTWORTH TX 761161-0018
00041437969 00,01014181 0001038229 0001057280 QE!14 2012100 00O
4
C Review Page 1 of 2
Official site of the City of Fort" or h,,Texas
CITY COUNCIL AGENDA
FORT W
COUNCIL ACTION: Approved on 1/29� 2 1:3 -Ordinance No. 20594-011-20113,. , „u,,,,,,, o,L..,,,/,,, 6, /O,dim,;,,,,,ii //,c/„! O✓%/, ri i l/,, /L/ll/%air/c/m
l O ,
DATE: 1/291/2013 REFERENCE C-260761 G NAME: 1 7i �ABUCKSWHEEL
CODER- C TYPE: NOW PUBLIC
CONSENT HEARING.-
SUBJECT-, Authorize Execution of Tax Abatement Agreement with Bucks heal & Equipment
Company for the Construction of a,n, Automotive tive and Mechanical Repair and Maintenance
Facility on Property Located at 5101 and 5201 North lain Street and Amend Ordinance
No., 20584-01-2013 to Correct Certain Recitals and References to the Reinvestment done
Number and to Confirm Previous Designation of'the Reinvestment Zone (COUNCIL
DISTRICT )
RECOMMENDATION:
It is recommended that the City Council'.
1,. Authorize the execution of a Tax Abatement Agreement pursuant to the City of Fort Worth's
Relocation Policy with Bucks Wheel & Equipment Company for the construction of a facility dedicated
to automotive and mechanical repair and maintenance on property located at 5101 and 5201 Worth
Main Street; and
2. Amend Ordinance Inc. 2051814-01-2,013 by adopting the attached Ordinance that corrects certain
recitals and references to the Tax Abatement Reinvestment Zone number and confirms designation
cf'the Zone.
DISCUSSION:
Bucks eel' & Equipment Company (Company) is located at 220 South Commercial Street and is
being displaced due to the Trinity River Uptown Project. As a result of the displacement, the
Company is considering relocating to property located at 51101 and 5201, North Main Street. Ulnder
the pity of Fort Worth's Relocation Incentives Policy (the Policy) a business that is displaced due to a
rimer Infrastructure Project and which relocates to one of the three target areas outlined in the Policy
is eligible to receive certain incentives, including tax abatement. Pursuant to Resolution No. 3390-
2006, the City Council designated the Trilnity diver Uptown project as a Major Public Infrastructure
Project for purposes of the policy.
The Company, is proposing new capital investment in the amount of$1,500,000 to develop the
site. To enable the development and retain at least 14 full time positions, the Company has applied
for incentives under the relocation Policy. The property under c nsideiraticn is defined in the
Relocation Incentives Policy as Area 3. In accordance with the Relocation Policy, Staff recommends
that the City Council authorize the execution of a, Tax Abatement Agreement with the Company
granting a three-year, maximum 25 percent abatement on real and personal property at the site. The
term of the abatement will begin on January 1 st of the year following the calendar year in which the
re uired improvements are completed. The projected value of the tax abatement over the terra is
approximately in the amount of$9,812.00.
On January 15, 2013 (M&C -17789)the City Council conducted a public hearing and adopted
Ordinance No.. 20584-01-2013 designating this location as Tax Abatement reinvestment Zone
lumbeir 86, City of Fort Worth, Texas. However, some of the introductory statements and Section 2
of Ordinance No. 20584-01,-2013 incorrectly contained references to Tax Abatement reinvestment
http:/'/apps.cfwnet.org/counci'i- � . 9D=I 78 2&c n i Wate 1/29/2013 02/28/2013
M&C Review Page 2 f2
Zone Number 81 and the project related to that Zone. As a result,, it is necessary for the City Council
to amend Ordinance No. 2,0584-01-2013 by adopting the attached + rdinr ance, which corrects those
references and confirms designation of Tax Abatement Reinvestment Zone Number 86.
The proposed development is located in COUNCIL DISTRICT7.
FISCAL INFORMATIONICERTIFICAT ION
:
The Financial Management Services Director certifies,this action will have no material effect on City
funds.
TO Fund/Accou,nVCenters FROM Fund/Account/Centers
Submitted for Cily fanggeils Office by: Fernando Costa (6 122)
Ors ginati,ag Department Head.:, Jay Chapa (5804,)
a 10% Robert S,turns, (8003)
Addiftional Information Contact.
Maggie Allen (223,5)
ATTACHMENTS;
121107 Bu �1111 f
Pr
http-.//apps.cfwnet.org/'coun,c'l 02/28/20113
1 _pa,cket/mc,—rev'iew.a,sp.?tD=17892&COLincildate=1/29/2013