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HomeMy WebLinkAboutContract 20776 f. 4 Ai • k 4'.' J�� j-.1 'ter a� ' y9 v L� h �"` ... ��� ��{����:� ar•�_ A� �`�,�h �'.�i��'�.�i.'�z� �'w�'`E1'��.i!a�A-.��lk�'��15."ra��ror.:�aa:ti�arma_..� __ �. . e.�.,,... .. ,.. ..... _`,'�,j .,'s 1 S kl7 Sly }# a t.1 o.yf A _ a s gc.:,.> { F+m;t4� xa 1;: Ett n b�°' 't7.i75`k.,:._. f 3d rV �u � r BY a9.S to d 7XT ry 10, rr <'r`ti.a I t l,i plc• £;` t e �a. Y �`4rnw 1 a %nX F7 Yr { ns r ., �C P A c y-^i...a w "1 ? rt E"� ° v s.^ a x. S'w r � a 171 337'.,: $^ } !" er�t�nts' to d 5 �l i Ftr f('S U °� :1" a i Ve to and ...S W ,._CJ2 ..., ... 6 >T {y, f� ap r � � . rev, a•r.� , � a ti+e � v z 1 yy Air #� • : £� f�t`r,S +., t" 5 c r r c - �� � ^ �1't Y r u+;� ;h,t, _ SIC.,s o '- = a 3 A re - "n� F � . Lh t u 2,-; 3' 4u a _� - is �7'e a n d .� f €dF r r,,r luv� - - '� `} r� 7 2 �Jf3Ltx _ ✓ by a t' _tai r ,_ 1r i t3 he;--eby contract' �zzri„� -lei f i 1 y t '` 6 a a.. s rid, d ~ _ _ , Irw a _ �s S - �i f y. b� k:.., it :..,., ,... tea=a.r. <+Y l 0.�1 "F Ip �11 rd,,;. �p SKIS ;yi ! 3i�h.'7i tlk 1" t 3� !r li ry T 4 j I, _ _ - a ax ' y c�;t.�-rr •,,,''^. air -i'ii S r. .' a 49�,�',.t k��� tz tom`'„�`I v' „,•k"%'°.�`+{'s NIS IT kO r � �e.,., ids e. yr t ii � �� , �G g�aks 1 h r��k o Y r �. n f r - 1 C`gat' +:'F �i i ? -� rC"S iC?ir #::�} •"?. ,,,z;'1� ''.'ti t # `��r ,�; w.. i_r'. ?" >o.L+...ca��r. c,' '...ti• '"�a�, �.'. r �1 w "� { :S'' j - ,:�.a! •1X' +i c��-Y . q". s•cy.• ..ice � '� �>i d� JT av7t . ' h01i+^•'a. a x°'4 �4`ASSt�. coat h i a {�} ars5, C'"Y o .� +�f •E.�� f �' r y pro r'it any !! 3T=T �''•'� - •+ �c,L'. �_. ail �.�_d ue_ .Fl." � � ' s L� r r j'!? ;- f.1 � + R ~ �. c. h• .. ,{ y: F �x d? .tJ'c 7 x:G' �t '� �,"{ y D C r= ;..fit^,. ....a. _ s px ;s.1., f 4k i .;,t" l c !'j f F;tea t : `=PUa '='i F Y ._ � � t1?,i't�'`.1 �J*: oil�'' �'�` r �°J� al all, 1,7 a �Y4 5 'i I�t .V. t valor cr `a s result of e-x stZz':T aarf e�r f u .re s that n� s>1h sr;�tionc, °d t, �ii2 ,?�� 8 �i :oar-mend 4s a y I- C'n t T b e r e 15 f;rflnts az a ,etemnnt all � � 3 f ti:� A,•" l ()Wne' r a3ci.3.4 tY a7 y t+c£tG.+.0 .rt,iFi r LV veta'ent-s�� subjec 1_;:..�t"v.413"6ti,3 t X'iu"3 u°In : ?I'ij .p r Company /,. SSE t .k) Ya ga vs h re4 ? aria e part Of this -;Ziz—Mi.n_ by � �c�r�C�, -_ �S�inxrca � such d c> ���Ilt : tiers az i5^�ee�cl to b., the cI%} c?F,3tD --v?th;` the 1 'S. j' i;ant -Ic wr ` ti HPC a:£s£°'£"s tC ;PAY {'rt]bject to r rfi aj Zy t lirai.tations are :such tile ia7 z�z i u costs � �' Ct72ti3��'L�d fiG 19 1ST Certain e"Agreement �r {�iea . de4tai kYY� '3 �N� P- tSL" 3s aT# 331i�7 1 a F norm of `L h'e most recent z s� y � P 'F?S`Il3T 1�C) i 'S.s,-. tic3tt? '"E�< k?'7�e �'c *3'^t? ?jy. isE' .�7e Y3'33 '`Si.' •. be snteTed - tv Y�F�v�r� db8f? tar.-'S f3 e-t unless ;-rlp d 3.Sr Otitdc q tly i�;za£� "'Phase, Vii, r 1—h '''n 5 eq,. � vl C Y ¢, k e cha�.t � �'9i {L'a r','_3 i1 3'3"11 n'Zs_rat n 4%� _ .� �E�3.^> De:;;ae rI--s 3t CCU {':`T..>.z^-"Id 7,3:_igat ic"4ia L - x:;7a 1,ec .1"?T' ly _e Ct The ]2 % Gt t",e ' 0-F 'e"lc w e,ei. id3i. figs --r�1_ 0 li�i ;L2u$ d',! it l l7 t2;1 �1;_ £Zt( ?` t c D r.,a w on 0P i 9 Axis; jaris& rtiow F. '-` i t't .x4., ° '._ ra svbject to this ram jeacheT _h - Y `T'clX -:ls me:t = PAWWRA in c. - " a 02 provided, f,il� :t� trd� �saf ut 21 , Q � _respect & art 3.m_ c ys.`,reo,,. -,1W. operates 13 as a ¢... l s 3 r is (together ,ti h S Abstarent . yt 7 ornev .. :;- '.a to an tax year Tox limit she !) t e t e l ✓e ;but*Ten, the Ab8tsmsat the owner 009" bUt Mr a9 total A ...x. 1 n! r t c T i r .j__ . Y � ¢ + causiDg t P z �� the k a itif::��`� receive - m: ^7'a'. q, r..��`. '� v.�:4` ! -IM IC. C ,c' is v t_ tin ',c HOW= 77W &batement -ell qlWan, and total Abstemerls i ' o. : not 7he oat te y.tTtj,& u year Coon ' ow"Ps R Atabwwc in year � '7 r.� .. cS.� �* l� n,:.7.k .1 V h r �_t C r •f'° < <fu6 5 and r S N e s; tt. xs MIA k'P 4 �r and t6`,.var the Y_l� Y t n City any a t. J } +-"s f .-t parspaht to this se=�Wn 771 .0, The ^r�+ai.. �. . ^x+9'1 herein 7.i $ g J or :�_t 101.191 e .Js i ;106 _�r � ! �. i t - bR�t as .aJ' if 50d be be shall exacnt; an 6 a 4t- lY icn .. 7 .} _ e #�A mum ;r h e t .,, .G` .M_. SAW Wgin an a.. INS T� Vp 3,. t T, 1 N T t a do ' �, 9fi, t i g ���.r`r.M� t}a� r;rVt �' �• 1 r 'Y� � .� -; R )> y ec E.eta by (i) _ny delay i r^ T r ,;, os J. oL �h` , Yl l p`F a k=i��E P r o j C•,-t,• �:i:A.} �tl}" 'S A}�c1.C`,. :.r,?.. ...?, l.,'!.�.y- o s E,�':w 4, 2�:�-' C? :.e�CBS IAFa�JP3J' the orAgi Cie: erk 9 G;,? 7 1 ., � Sdn--)v 't1�se i` rzoje ts} " e 7 described above, (iii) at?ly Sc3�:. GT trs��sfe bid' S&1 4s�FS1�3 G r�nIr of the Impl:ovementw (subject: to th limitation on sale and transfer of raS°t Abai—elrie it P szt- forth ii n V1 has reof) , or y (iv) the t-exr,rnation, for all; rep o^., of the Funding Agreemer:'t. y Each rimer shall hf.,, e the 1:iglit to protest, and ::ontest any o% all appraisals or a:ssessment.:s of any PioPer'ty and/or j a.auj.%roti°E:Inents oP°°on tine Completion of axi liiiprov�merat for wklzc3l an Abatement is a toe{ed pursuant to th-i- Agree.ient, t!le owner of .' 6uch Improvement or the underlying P ope_ty shall notify the City of Such fact purssuant to the notice attached hereto as Exhibit "F" . Notwithstanding an.r 'prov$s ior, in this 'Agreement to the contrary, the failure to pro fide such notice shall not m eIi-miAl€.3te a C)wner's, o any r;.4r±3fe,F.'-e-'^sv right t0 31 i?> 3ts-)IileFit under this Agreement t',�,ith respect: tQ anY An:nrovement > I. The Abatement shall_ not be delayed because the Maximur�l t' Tax Abaterrient has not Yet been determined', However, to the extent the Abatement ey� .;,nterl to the Owners in the a ' ge�regate actu l S .'. n e�`tC��?f3 the o axit7jusT� i ca itivaa c°�i^G: §;, the PlxitlP s S ghfl)I repay �n the City the amount of such excess, in proportion to x the Abatement granted: to such Owners, lv s � A. The City shall ha- right to review the financial condition of each Propert-_ €-ach Improvement to deterenilne compliance with this Agre+ -The City ;shall annually (or such other times deemed aPPropziate by the City) evaluate any Property and Im aroveme � to insure compliance with this ' grejeritent. Each Owner (oz the ©w. %:Ls in the aggregate) shall provide the following information to the City; t (i.r t<l ;numbs r and do Zar amounts of all construction contracts and subcontracts awarded on the Properties . specifying whit h Cp1T1?c1TA]�-Ki are OZt Worth entities (to be provided quarte•-Iyi r (ii ) the tr:'tal number of employees who work on the T ra?-e_9_ies, t.he., total salaries, th;a number of employees who reside in trot", Worth and trei g�;�� � S-31aries. These jabs snail �n J F PP ::Przate to the e.nployees kro be (Lk'?.Cih°C zE.:llrald ) i R t 6 _ D:26 05 r' v.; i { i 73 (iAia the gross dollars s ent :n � t�p � 3 er and Pz )f £ syi ora l sry i c a ' :n r acts with respect to the Mp erties, broken down �s to demonstrate the amounts by contract Fort �arth lalavrduaAv a5 aAIed an Performed by s r s -arnua rly nc �nitEN (to be Provided Dz atiGO the dollar amount of ��;:rtr�act s a��ax�ded to antag d Business Enterprises (to bs ;ro��'�:dQ annually) ; ;4 (v) if the $'d'oilals r y, g • a O P�'rce y al,s-s do 1,,ot ei'ue s� c rig�z a O City Council, approved m0di:0ad prcjactions, tl Owners shall state 4ths explanation for the f pure to .meet- the a pr�� ectibr�, together with recommended course of rec'tifi:cation Notwithstanding the foregoing, the owners �� p7�y r�nen shall q e required Y d 4..� R�y��Lt i'nf'.fLlAiut�6�J)A. YYAI.Y.i%b'� is 1do7. ��Y{1".�.�TUYJ i•'w�^ ��5. d.A R;� Requ.1R e�$ Y to tIn owners (e.g. , info oration in the control of an owner ° s lessee or tenant) after making a goon faith effort to procure such information from the person or entity Katy pos�e:�szr���� such information. D , At all t-a.mes throughout the `It:rui, , "e City and its employees shall have access tea each Pr c�9" and e:zc&� ' Iiilp.ro5it��[3e���: for t�L�:' pevrp r�.Sp �;f i�l::ipe�,'t:A�:g SaYYBYe to e1C'cs'fl.YI'e tjtaat the relevant improvement is Mai:ntai'necl in accordance wit h toe Application and to ver y that the - , 'a nla tirnn a� this s Agr eerent are being comp) Od with, Provided� t,a .reasoraaiy interfere with an ow nar�s such nsPect ion sha 11 not business operations, (Or lessee' s or tenant ' s) k ixor seal 'E A. With respect to Pach Owner (i .e. jointly) , :gin the even that severalyy out not i Section I .A. is not met by the(,Owners in the zap set font), in she t3wner breaches any of the other terms or conditions of this Agreement, then such Owner shall be in default Of this Agreement (an v 4�£- f_a a ° . with such defaulting Owner being the .°�3€ 1i -_ ,pax°°} a Variations or additions in Improvements from L-he description provided in t the shall. be within the discretion of the Owners and achOwlaratand such variations small. not be an Event of Default (it being understood that, irrespective of the natu .e or t variations, the Owners , failure � he � ype Of such � in Section I .A. hereof steal! be �. meet the r�rndition Provided event that an E°;: Event of Default) .m In the Event of Default �t:c s, the City shall give the Deb =�t�!t:irea +�€�saer written notice of such Event of Def'au t- and if the. Defaulti"g Owner has :got culed Such Event of Default within Hrsr__,tl; (90) day of said written notice, Wm 3nated by the City with respezL to the De"<_nultinge��, nerr�rbuut 5:2605 "'o t =yli' other r�er Owner; Pl ov i dedR� h Ow '° e3 s i � r� �f ° }i �" �'Y :Default in no of day " $ i1a �Y St "ce t3�l of Ciz within suc . 3,yety ptrSACR Period and the Defaulting eule!. h the ClTe of same, y� � e �t�� $rkt CoC enQ d an is ot ci# Of t be Defy : � advising the oefatltixc or.� f� Time lr:ay t�til.i�e an addation€�l. r3AaLts its sdditiron to the foregoing l�f3 da � �r � (90) days. t ae C'ty Council , A5 liquidated da�cuage�,a for uncured authorized by raefault unCor Pars Ph '�X..A. ,{ 3g g Wig. - gat of i, i A a�bo`S e,. a L. r the expiration of 4" he a+PpROSble notice and cure othc�,rl'7 sz Would have bee �o�� io ti� all. taxes which �+ G�v,ner but for A rz Pain to the C t.Y' by the, Default ir..jg rZ �atement UPl.icable exempt=ions) ,Kill ����i�t taking aa�A�o account Owner to the City, become a tir ,st by the Def' rjltia�g the City SUch amount shall be -due, Owing �r�� paid to � City by the Defaulting P$1 it$tii n'� iikr t�%! r159J=i�` Iil�e O nner within i t,� � ) f t �ilfS °�� tt3c the role argil wx e.� x: k , _..c: bla Cure per_:ass)(,) as �.ltgs.i:ve rent of the City. If an i�vent> of i �f��tglt under �Pa�'ag��acxh V.A. (ii) a ove �>� �2t�t o��rec3 � expiration. O the app1i :able notis;e aa�d after the Abatement ?, th respect` t. s s�gc i� �r�xn�r sh��l�; =v re periods, the year in hic h notice of the Event of �°�_f � erminate fear. the futua�e yeaa-s, it: being un u u t is given and all. respect to an y � de�stoad tai � the Abateg�ent with u. year prior to Lhe year in which such notice is g'i'�re��. shall n�sst~ be fort�ateci or recaPtUrM B. NoWithstanding the for � and any owner a�tttt�a;�iY determine eco rzg �sara��r.ataia� if. the i:�L� �p the Owner ' s c �.�amu pin er e that the development or use of herein are P .t or Owned mprOveients as co t mplate:l . ?A0 Longer appropriate or feayible or that a �ai�xher or .bette.r use is preferable, the �i,t�T artd such f��anq thi:, Agreement as i`�; applies to that r may terminate to and other Owner) b �� Particular Owner (but not Y a writing signed b period Of Abatement as it a ° plies t 1'' be�t� part ��� the Hirt t ara�' P o, that °� x`t �cu.lar Owner y other Owner) shall ezpi..re as of the effective date of the termination,ion, there shall be n PreviOusl o recapture of amounts abated, and neither Party shall' have rights or Obl igaw io ns hereunder,, and further i A. Each Abatement Provided herein bari.otalaz Js�rraer tra chin shall crest in the 'but o:. i it relates and shall be assignable only to a Permitted Assignee (defined below)) , aF provided below, in whole or in part to each new owner of all or a Of this t��re-;pr r s G��ner� Property � portion assignee or transferee :�rp��n;i.;�•_ or �v+rrgecl l:+tp,overgtents (With the Improvements acquired b r t g w "Owner" and the Property or ""Owned rrfl s ; r_ t. "Owned w the rt�w �3sj ac a L, "Owned SLifi'�1 Owner 's } the Term., ImProV4=?iPent s,,, f � A.31 Cewt1:�r 1Ta rittake such r fr�k ��d� �c�1�.c3ns @ �f 'tp.a'�-rova_i. , O anY Listed Party �i�il�4s�3r�irr(?nT7l: '( 3 � Without City a MAI term 1>> �A � !Of in _ 3 _ x':4605 Exhibit:: B8G" hereto) or any other Owner, O to any individual, pastn xship, aoi:::,, venture, corporation, trust or other entity that 12 controlled by, controls, or is under cornrl n control wi ter the assignor, any Owner or any ListeR pang (including but not limited to, any successor as L i71t sti7 to <`a i e Or €lit o$ any merger', result `a_ Q- ^ ,o3'°D�RS,�: Y'Fa�'lYgaaie atn:ion there-of) v (ii) FnTib�IC?�3t ry pity appxova3., Goat' Person ox. rntit <_� transfer back to Owner or any Listed Party uw�the ya�w�.�b knee �c�zQ�e� �o Abatement (whether p o tk a benefits of the the trans mater back of the Abatement is in the fcrhti of a repayment .sbligatiop, a credit against amounts cawing by Owner: car any Wsted Party to t�.� assignee, Marx increased charge or fc e to assignee, or any other method) , Git�r approval, which may not be u�nr masona l� h el {ii.i} with otherother person" or entity (any .� withheld, to any I nce �•, y �Se mit ted assi.gn.ee €.€:rarer this shall The referred tr., er r ® aeirr as Qyiq w) „ Owner shah notify the Citsr t_ of any Suvh as= �gnrent . A assignment which ! does not meet the terms of the "mmediateiy precroeding, sentence shall r=esult in the termination in later MrS of the Abatement with respect t located on the Property assigned o transferred.o any Improvement ew tr�.rZSferx'�� � Sells, assigns, transfers or conveys all or a i Owned property to a Permitted .Assigne a the Permitted Portion of its shall be entitled to an Abatement _on any improvements (or Assignee builds � (c,r causes to k��.€�ld) and any improvements already built can the pro arty assigned to it , subject to the limitations set fort.:,thisAgreement , in B. Notwithstanding aaraT contrary, g Y provision in this Agreement to the y, if _ any Owner o-T its assignee ,lenses its Abatement because of an assignment or transfer ?' Owned :[it� rcr=a-er�exrts to a of its owned Property` or Assignee, person which is not a Permitted g `e, such loss of Abatement to that Owner and/or yssignee shall not results in any other_ owner or assignee losing its Abatement' or in the trarsforor Owner losing, any Abatement on any Improvements on Property it did not assign or transfer. C. Notwithstanding any provision in this Agreement to the contrary, the costs of arty Improvements incurred by any Owner or ' Permitted Assignee prior: to the end of the � included sand counted for � Term small be Purposes o_ determining whether the requirement :yet forth in Section I .A. is met (irres )ect:.ive of whether such owner or Permitted Assignee later assigns or ctaar.,-e�, c; a� ! transfers, �� or a ;portion of such Improvements or its Owned Property to any other: person,. o _ entity y {aaclu any Permitted Assignee or arpeg ion or �T�t s r11? i:' ' 2s not a Peimltted Assignee) ) . 9 0:2505 .t J'j3' All 110tic,-s c alleld for or required t',y thi5 Agreement ��e addressed t�;. �i� = � �� �dt s�da:�i 4 irizv.t3 dd r a r"p z gk other party or addrsss as �. el-thee p&rty designates in writing, by Certified mail postage prepaid or by hand delivery: n Alliance Airport , Ltd. Attn: Darcy Anderson , 2421 Was:-port Parkway Suite 200 Fort Worth, Teas 76177 ; Heritage p.etai 1 Partners Ltd Attn, Darcy Anderson 2421 Westport Parkway Suite 200 Fort Worth, Texas 76177 Hiilwcrcad/31:, I td. Attn r?,mz's."i.y A de r qen f 2421 WeNstport parkway Suite 200 Fort Worth, 'Texas 76177 FAillwood/117, Ltd. Attn: Darcy Anderson � 2421 Westport Parkkway Suite 200 Fort Worth, Texas 76177 Ii'�.:I�"�wood/1.24, Ltd. CoQun�E�_ r° A tn: Darcy Anderson 2,421 Westport Parkway Sui to x£:r, Fort Worth, Texas 761,77 h1.1 ,(wood/1.358, Ltd . a: 1;t.f..ri Darcy A.ii erS;_m °We ispCr t Pa%kwa iui-te 200 ' . ,','o r t W tt^r is is t; T e x;j S 716 i 'a' r ALtn Darcy Anderson 2421. Kastpo.r Parkway sui#-e .200 F°C'A tt Wc-i t i, Te.xas 7617 7 t r 4 µ, m 9 Hi:llWOOO/Freeway, Ltd. Attni Darcy Anderson 2421 Westport Parkway Suite 200 Fort Worth, Texas 76177 Finland Partners T Ltd. a,�,..: t AttnA Darcy F:ndirsoa2 ( ���� � 2421 WeS t port Parkw ky Suite 200 Fort Worth, Texas 76177 h I � Alliance Gateway No. 1,. Ltd. At:tno Darcy Andersoa? 2421 Westport Varkwriy Sux to 200 FOr t Worth, Texas 76177 Alliance Tech Center Sao. 2, U& QW - Attn: Karol _Andersoni 2421 Westport Park-,7& Suite 200 Fort WoTtfa, 76177 CITY: 3 I City Manager 1000 Throc kmorton Street pp4 Ford Worth, Tee x a s 761 .2 I meeting Thiso�Agreement ent was c�authorized� by �thra City Council at .its 1994, F,>ay C.V nt:i l appre��rzrzc Mayor and Courecll Co= u"Iication too. c�� 1ce t authorizing the City Manager to execute this Agreement on behalf of the City. in WZRAUXurr In the Event any sectlop, QUCCO90,stand, pa% - , icPl, sentence,phra e or word is held invalid, Ile 1balance of - r Unconstitutionaa the s gree �ent shall shall be enforceable Pnd shy a ? by read of he parties intended at all times to delete said invalid section, S'C.ad;'sE?cY_ion, Paragraph, sentence, �aih% asf: 07 word.px'o >c�rt_ ; �; tha� a- 8:i.e Terara wj, �! respect to as)y F - Y longer Lhan al_lowed by ti jo, o: ; �, th�� w •N�o � rn f teent k..i c a t i L.!'ca F.S`i i. 1 NOW to a broader bar tai tae Abatement halt ;�e �x BIlo lowed classification of jkr x' Prop erty et ty c bat e C h� t�i f b�taTse - sye % to h the Term, that � the Plortion of owed by law. This Agree invalid with respect Met shall not be an" � merely benk with respect W another Owner, i t is : n aliej US U %i?dA written request of any Or.,,n�jr,IG da Y after such request, �re xar. the City s ?al l, wi th ir,c ertificate with aad deliver an estoppel rs� ar nor Owned � all cf the Owner w s Upon y"Ittan request Owner, sarc a rage as E wit�lir) 30 de'y� ���r� Such �request,� �� prepare anr.".& E�eli`ver an esto����Fel cer:t�.� acs: '� �. Or more or all tO with regard one {34n7r , w 3.... t�� the owner 's x M, �`3i�k'T t"?�C�i t�., e Im lovem certificate - shall be addresseC as directed e� -v;q Ia'a:�a +�,.by..C,y +9.''{j .0 include, \}l k.R�.F:t S8`•'.w�d S�'����.R� uestir �Sds b a..P F �..�.('d..6.:i 1.3u f` '��H �t tea tints that tfa �; � �, ��aa°� ��� a��; � �rr�i� ed to gre,�I tint witka rei-.3pect` 6w t the a Owner is in fia:'r_�. force , � �_x. ti r�l�v�nt jj exists a nature �^� arr}I,c�� c�.g:���.!gtt wat_..�:�3_T.�. �'I�fa�-.t dOr, if default. P 4""Al��L`�F ,'°e.�,4.. St� A�72�"C \.i�..e�_C.i 4..0.iC' k`y�,flSS�. s�rrt�_a.a d biz. ard,.dert_undertaken,� t o, h curative action whickh A7Tor {c tie remaining i.f~r:C�i c �a4acz Abatement, this with respect to a f meet, a statement, °oncerna � d t ?e Owner 's t�¢ar� Improvements, i lv the ad valorem taxes, i� aarr�, s�iaw and respect t:e such Owned lrrtpz:�� mom!"±tom � payable with s reasonably requested tsar the pa�r;�y(i—s� and 'wlao�i t�e;�cert f�cate is i1+h.ddras"asede 3 u r. f Each Owner, as a Party to this Agreement Proper and 116c:essary party in any � ° F shall ' be deemed a challenging the validity - r �t���tion guestio ning or Owner: or �ln�T C �� this Agreement as it applies � of the underlyin r ? � o such Council actions au 9 ordinances,� rances,. resolutions, or City t.Yrcri iTTC same, aria each Owner shalt be T1ta,tA�: s� T3ta?�:ven€: in �``i'aid litigation , i b'�:a to ?ii Texas . ���? 1tt 3 �; �' C:d�tj ,� 1 rr�.� a.1nC e . tY?e 1 >ws of the a t State 's District e �:o any Ic io .,att_t._x this agx�;�c�a�zent sh,I.]. Agreement is performable of arant t Tty Pe as . This Xi Mr i��c A eerwi COPY of this .. P be ca decl in the Used ;Records Of T�xaanty �;ountyda�e����,� rr� s��a?1 '1hi.; .Agreenic-nt may be codified by the ar � include Other prcvisions which ec�u7.z1 h �e�' orieaxa��x.eto to dnclzaded in thi this Agreement or �� d�let� provisions g Y been a�r.fg naAl r necessax t��t were "rot Y to this; Agre,-,rsent Pursuant o the procedures set forth in Title 3 , Cra�a ter 317 of thr� CC de. EXECUTED this - _ day of City. --. _ 1994, by the EXECUTED this .7,j st` Owner A. day of ►mac% , 1994 d by EXECUTED this %s r Owner E. _. cay 0f _ ----- , 1994, by EXECUTED this V5r day o f A ,� Owner C. 1'9.94",d by EXECUTED th' s t w y Owner D. -- —'�� 1994 d r` r EXECUTED this 24 day Of ► i"e Owner E. - 2994, by f "_ EXECUTED t 11 i. 24) owner r. - -- day Cff vet f by EXECUTED this Z! day of �� �' lam&:;.:er (3. __ _— _ _ 1994 . by EXECUTED this �t��_ day o f �x:�a�e Owner ut _ - __ - _� 1994 , by EXECUTED t}xis 7!9- Owner I . - --- day of -- PC ----------_ _< 1)94. by EXECUTED ` h-I 5 Z4 Sr clay C>f ���° �s ta f � Owner j. ------ - ----- _ o i 9 9,; , by s 13 1):2605 F b O EXECUTED this d a wner K, by 1'17ST: Tram e i p 1 Ss4 atant ty Manager s Texas limited partnership Conti^yet Authorization Fty: Hi 1.1A/ood Holding Corporation, Ante its general partner Name: Fi and G. P4ttecson Tit lc-t: President HERITAGE RETAIL PARTNERS 1, LTD. , ---- a Texas l.4cnited paxtn+arssaip' By: Millwood Holding Corporation, a Texas corporation, � US genera IF By Title: Fres_��derit__ ILLWOOD 31, LTD. , f a Texas limited partnership By: Hilllwood Holding Corporation, a Texas corporation, is general (1eyT3 714�i O'Bil Y. L.'Patterson T3+.',.iz,: Pre icleP- - c D:?rfi5 HILLWOOD/117, a Texas limited partnership rho Eti.iiwe,a,A. Holing Corpo=ration, 3 7e za , corporatioll, u tea ,? al partner VK By: _.. ATe3Ttle: Title., rresident H I LL6dOOD/`3.2 4, LTD.. , y a Tawas limited partnership BY: Hi.11wood Holding Corporatioyl, � a Texas corporation, its general partner Mfr Nam r:--Ftlenara attea:son „ Ti.t`le:__President _ l LLi OOD/1.3 a 8, LTD. , : a Texas limited partnership BY: Hillvrood Holding Corporation, a Texas corporation, �.ts general partner Uy z f Name:— Richard G. Patterson Tit 1.e,- Preside-it AI's LL OOD/2500, :STD. a Texas limi-Cad partnership f By: jai llwood Holding Corporation, a Texas corporation, w. itc., general partner ff ,By. Name "_..___ zILbbard G. Patterson Title.----�� � dr�� r 0:2W*" s { 4t ! a Texas 3.im.Ated partnership lT, Hillwood Holding Corporation, a Texas cor,por&tion, its general partner rINLAND PARTNERS I, LTD, , -T� ,a Texas I Imited partnership By! Hillwood Property Cofi; ny. a Texas corporation its general partner By: Name s FZhar peen s baIA 7E Gg Tg ErtK 7 NO 1 LTD.D. a Texas limited partnership BY: Milwood Property _Company a Texas corporation, its;; general ;partner Name" z ,!iars3 �� + i tie a President ALLIANCE :TECH CENTER NC. 2, LTD. ,, a Texas limited partnership By: Hillwsod Property Company a Texas corporation, its general partner ",chard G P-gtterson T law .Creslv:.Alt '?lei, j : 9 p f } i i t t 4 t _ Reu j o \. *.Li' a1 'I %qNV WHOA C�L Sv u2iAoUddv t, j •-----•�_-._..__._..�..__.._.�.........._ 4 7'• �r8YMM4x6MlPatl6dlte*ii�43�r"3�S?;:;. : 'kL� .. `S'NdPIM Sual.10 zoo u e 0 1 Tax i A x� �b 0 V .4 ' } � e�_•__,_Y _.���,—�-,+. 'y `�r`'�� '�:�%%�.l :/� @fin% ;aA�?cFk `'SBT4T?ua PTeF� 30 peep pue °x.75 9q4 S2 Pue Pajegs uisiegq A4,FoedeD aq4 tz i pass;;,-,LLt ow pug: Ses-od nd au4,4 log cures aLI4 �:Iri'09X6 at', -teq-1 aUU 01 ymOUNOe Due f4uGcunxqsu f cad xoa �a�� cs�} pe x;-)s ns s i v°R T I aso rr c ca rid T¢ cf o: u o ��f ®d rYSZ rr�xtr rcrs ;i Sew al S , "P='.I "--jjcd-r-Ev 8,-uBTTTV acs= IaU4--ted Te.Iau86 Se (zo-E el-od.1o0 sexaj� e 'uo-c4ea+ djo,-) '6rrTPI0H j et(0,Sx9d AeP S-EX1 uO "-A.4TJ0q4ne pau6zs,x,apun aq4 ; 'aW _i� _ - .f du,� l� l:>� �s "'x log to Pue gut `sTlgnd Aje,1014 t^C6S;V y^s, a ,.t viya "Jo xeP r A4TOedeo aq4 ul pug pasSajdxa sU00 aqq G63 t17cs3c a -t pue rd�"-OM q.a0.a jo A:4IO aqq go I Tarrc� ;7 aq-4 gee uoz:4nT0G9 r Acf cures ej,4 tzi.xea :s 0- =;)92T xeggnq AI.•ip sem 9'ci `rz017vJ,0.f 10;c) ISd-L D 1 U,.,,,r 2 °RIHC?hD LU0A {, ,40 7LLI3 PTe5 atj:j � ;� ! =o :�, rr aucrtw a.I� �eq4 OW 0:4 PBkiLOa-(t40U:g0U PTJe 'jUaurria4SUT 6 U ,Qf);F�j B144 04 per-ixosgns is aujL- I 0,_q0 �r usyy�77P7 arat� Fiti eq o:i &V) 0*4 yy'✓`r.'1J0�ulf 'U0—c:4e codxo j lyyIgql/e1/tT��Z7�(o"�tcTanw c}� ri tf erU r3✓e'.a Phi.vt r '"1 40 Jaff'Y-tUCW A:i �� �u@gSTSSV a WWI b^II�.0�i E) a'7x.&Y+c G+�a.YZe'C��d� d;ll caosiad Aep s it uo "A'1,121044ne pOUbr.S.xaPxxrx aq4 'aij x v � STATE OF TEXT C04JWJ OF TARRAYI 4 4 �?EFOR3 ME, the. undersigned authority, on this day personally � r t a o Hillwood Holding Corporation, a Texas corporation, es genersl partner of Fed Mega Ratai_l Partners 1, Ltd. , a T,xa limited partnership, known to 53:9a to be thea person whose name is S`ubscti-bed to t�1€� foregoing i.nstr�?anent, any? acknowledged to me that e executed ti! same for the purposes and ccnsi.derat.i:on therein expressed, in the Capacity therein stated and as the act and deed of said entities . GIVEN UNDER DW HAND AND SEAL OF OFFICE this _- day, of De .embe , 1994 . JUDY K. SAM= NOTARY PUBLIC � vote of Texas No ary w U. 11c in and fog, ' 3m. xp.C3P31U9 t>he State of Texas Judy K. `Branco Notary's Printed t w-ae � HE STATE E • S... tip C01. OF TARRANT BEFORE ME, the undersigned authority, on this day pe;sC151ai.;ly appeared jidmrd PateEla� President Co aa _ of �a 1� �c � �Holdin tion, a Texas corporation, general partner of Hillwood/31, Ltd. , a Texas limited partnership, known to me to he the person whose name is subscribed to the Kregaing instrument, and acknowledged to me that he executed the same f6r the purposes and consideration therein expresser?, in. the capacity -herein state„ and as the act and creed of said entities. GIVEN UNDER PTT HAND AND SEAL OF OFFICE this 1st day of December-, 1994 . JUDY K, FRANCO 1,3 5 i�.3�J� �C; 11 s!of State of Te)'Fjs :.C317i PP EY,) stjnjo,8 llr'ti K t`;"'.i. _.> - --------_.---__..-_. ------- a stn q s wear sra s ay: :ru No t=a r y s 4 0:2505 TkUK STATE OF TEXAS COUR rY F TABU kHT ;BEFORE ME, they undersigned authority, on this day personally appeared _Ri.h rd G. Patterson_-, of T'ti I1wC3Od Holding Corporation!, a corporetaon. as general partner of 0.. Hillwood/1.17, Ltd. , a Texas limited partnership, known to me i:o be the person whose name is subscribed to the foregoing inst:.rumiant, and acknowledged to rage that he executed the same for F.. the purposes and consideratican therein expce used, irj the capacity therein agitated and as the act and deed of said entities. GIVEN UNDER MY HAND AND SEAL OF OF ICE thi� ?1st day of December, 1994 . yam'7KI�R p a ,p�Exp 08 1 98! L i N ark olio iri and for the Stag of 'Tee as Judy K. Franco Notary' s printed Name - THE STATE OF I--= ,, CO by OF TAR ' i".r BEFORE MR, the undersigned authority, on this day pe so ally appeared Richard Go Patterson Pre sa:cient' o£ i'l itaaoe Holding Corporation, a Texas corporation, as general partner of l-la.11wood/124, Ltd. , a Texas limited partnership, known to me to be the person whose name* is subscribed to than foregoing instrument', and acknowledged to me that he. executed the same: for the purposes and consideration therein expressed, in the capacity therein stated a nd as the act and deed of said "entities. GIVEN UNDER MY HAND AND SEAL F OFFICE this 21st day: of December, 1994 . L' _ s. �� , Spay JUDY K. FRANCO N a):y b I i c in and for NOTARY PUBLIC the Stat e of Texas State iii i e xas t" a aet umm. EXp,oil-10.98 Juav K. Francu T Notary' s :Printed Name D:2606 t IT-E STATE OF TEXAS CWUNTY OF TARRAN s BEFORE ME, the undersigned authority, on this day pessoaxally appeared ._.U.0jaic� G. Patterson_. �f}residence 0 �"i Aler y Hc��.ing 'cart?oratiion, a Texas corporatio1j, aV enema partner of M11WOOd/1358' Ltd. , a Texas IAMAI.tsd partnership, knowvn to sae to tae the person whose name is subscribed to the foregoing a instrument, and acknowledged to raze that he- executed thE, same for Lhe purposes and consideration therein exl:ressed, in the capacit,. therein stated and as the act and deed of said entities . GIVE? UNDER MY HAND AND SEAL OF € FFICE this day o JL December, 199,4 m JUDY K. FRANCO NOTARY PUBLIC i�c a ry P a�3 fir° ��� ar�r for R State Texas t �A aui ri.._ Franco Notary' s Printed Name _ THE STRTE OF, IfFyiUs COO OF TAPdRANZ 1 BEFORE ME, the undersigned authority, on this day per orally appeazed _ Richard. G. Patterson_., _ President _ _ of, 3i1 :lwrood Holding Corporation, a Texas corporation, aS general partner of H llwoodf?500, Ltd. , a Texas limited partnership, known to nee to t►r-.- 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 ,said entities. GIVEN UNDER JAKY HAND AND SEAL OF OFFICE this 21st day of 0. December, 1994 , - JUDY K. FRANC�O NOTARY PUBLIC Q ry Pqj,",<_c° in and for A Staid~ of Ts h State of Texas hsz«++aaeaa�s� v K^ Franco ------ Notary' s Pr..intec'3 s THE, STATE OF TEXAS � COUNTY OF TAR RANT � BEFORE ,ME, the undersigned authority, on this day personally TM ras,r reams sms`I Ri r_•ha, r{_C;_,_.�'.3Sti °xQ ., �� l�r.� (� Hi %'fJt)C se ..� _ T olding Cvrporatior., a Tz as corp�)Zatlojl,R as general partner of Hillwood/Freeway, Ltd. , a texas liffkJ.t d partnership, known to me Lo be the* persona whese name is subscribed to the foaegoi.ni instrument , end acknowledged to me •.nat he executed the ;same for the purposes and consideration ther-eir ::impressed, in the capacity therein stated and as the act and deed of said entities . GIVEN UNDER MY HAND AND SEAL OF OFFICE this 21st_ day of December, 1994 . JUDO' K. ERNCO NOTARY PL .Stag ; &�; riot t �a ° :irt i and for �c 08-10-98 the State f Judv K. Franco Notary 's Printed Name TEE STAB OF TEXAS -11TY OF TARRANT . BEFORE ME, the undersigned authority, on thI s day personally appeared Richard ., jattersg4__., __ iresidtnt _ ; PrOPertY €OMpany, a `texas corporation,_�as^ of i1:�.�ra� f generalpartner of Finland Partners I, Ltd. , a Texas limited partnership, 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 said entities . E' GIVEN UNDER MY HAND AND SEAL OF OFFICE this i t day of December, 1994 . WE NCO K , ��C1'rAR,Y PUBLIC O r•y F l a c i;:I and for the State- _. tip` C nnn, cxp •10•�a ' Judy K. FraT�co Notary' s PEi.nted. Name ----- - 2 4 i)72btD5 THE STATE OF TEXAS BEFORE ME, the undersigned authority, on this day � � '�y ��rSC)11c�J...;y � appeared a.ehard Go P�!L rson_ _.. Nr� i��u1 O i.11t c oe Property Company, a Te�ay �°c�rporatior�„ � �� -=��rr �a.t dart ne r spa` 4; Alliance Gateway Nay. 1, Ltd. , a Texas limited partnership, known tWIR O me to use t>e person _whose name in subscribed to the foregopro inst1'1nFatent. and acknowledged to cage that he executed the same Vic.., the purposes and consideration thaayein expressed, in the capacity I therein stated and as the act and deed of said entities , GIVEN UNL R IMY HAND AND SEAL OF OFFICE this jjy _ day of December, 1994 'nbry'�Oa[klp9� d'bF'd^"'�d�:ID$c@.i�lAQ4 JUDY K. FRANCO n y NOTARY PUBLIC State �xTa xAs Not:er �?�b .'c in and for tsa comas.. ERC. 013.10.98 the Mate `Pxa S�'a5�i4lR avKRpwt F's'�4,„yp2eyq, guy E-_- Franco Notary' s Printed Name r ” THE STATE C$F TEXAIS BEFORE ME, the undersigned authority, on this day personally appeared _ s ._5���' I ers�r� f Pr+.=_szd'en of Millwood woC?i Property Company, a Texas corporation, as general partner ' of Alliance Tech Center No. 2 , Ltd'. , a Texas limited partnersh:lp, known to me to be the person whose name is subscribed to the � foregoing instrument, and acknowledged t€7 me that he executed the same for the purposes and consideration therein expressed,_ in tno capacity therein stated und as the act and deed of said e:ntitiew .. GIVEN UNDER HE HAND PAD SEAL OF OFFICIK this 21st day of December, 1994 A' NOTARY .t P U B L O Nfl �,r e P q l i c M ill and for State FAT Texas 8.5.. „<�Y--',}-iU 6l�f' Texas a��� - 1 comm. Ea.0.109- _Judy K. Fr_ Printed;� It 260!1 E 1 POLICY STATEMENT Opp Y10- 260S f EXHIBIT "A" to Tax Abatement ,Ag.-eement 'CY � 1 �-0 000000000 0� o° oa J Q o � o 0 0 o � QA0 O Pag W ���' Y jM"'" ® 19 1 ate Meru .0 1 #. i Office of Economic Development City Manager's Office Fort Worth, Texas 76102 (817) 871-6103 i I{ r' �I POLICY STATERUENT TAX ABATEMENT FOR COMYTERCLAL/1N.DUSTRIAL PR1%NYEC1J1,,1F CITY OF FORT WORTH 1. General Purpose and Objective Certain types of business investment result in the creation: of new jobs, new income and provide for positive economic growth and inner-city econo-auc, stabilization which is beneficial to the City as a whole. The City Council of the City of Fort; forth has �_.. approve: thils Tax Abatenient Policy, which primides the general guidelines for all comrrse�:cialtm �xstr al tax abatement projects. This po'icy will be considered', 112 accordance with state law,on a case-by-ease basis in evaluating cornmercial/industrial project's for potential tax abatement. This policy applies to the owners of real property and it is not the general policy of the City of Fort Worth to approve abatements to landlord or lease holders interest, Nothing in the policy shall be construed as an obligation by the City of 'Fort Worth to approve any tax,- a't'aternent application-1. It is the policy of the City of F"ort'Worth to ;Five priority 'consideration for projer,;s that: (a are located it the enterprise zones; result in a developrner?t with little or no additional cost to the tarty; or (c) result in 1,000 €r more n.ev,jobs, It is further the policy of the City of Fort Worth to encourage the use of disadvantaged business enterprises, (Any final tai: abatement contact may include specific goals and objectives relative to disadvantaged business enterprises,utilization of Fort Yl2iath based firms, prospective employment commitrnents for Fort Worth ' residents and other specific criteria as may be negotiated,) M Definitions 'Abatement' r Bans the full or partial exemption from ad valorem, taxes of eligible properties in a reinvestment zone designated as such by the City of Fort Worth for economic development purposes. "Modernization" means the re-placernent and/or upgrading of existing facilities which increases producti3n, updates technology,or substantially the cost of operation and extends the ecorkoinic life of the facility. 41 "4.ei1'vestment Zone" is an area desig.mAed aS slLc.h by "ity of Fort Worth in accordance with title T"exa"s' Property Redf:ve1oNlT ent, slnj rl ax Abatement Act, Sections 312.001 through 312.2119; Tax Code. t Fort Warikh. "Inner City" is a census tract lir`1'iPing at least two of l-l�E' `t�ll(:t;''nl"D? a 3��.� -:.ps��� a?, � ase on 1990 census data regarding the residents in the tract: (1) UP?e Ploymenf- rate greater than 1,5 times the stage r,.a.t� (2) 20% or more pov'µrty. (3) Lo w income (70°1 or more of she Inousehold leave incorrae at or below ,, m'faaat.aa`t). (4} Population loss equal to or &prea'ter ¢h:art 20% (between 1980 an 1.990). A. map of he eligible areas is includled as Attachment "A." III. Criteria Y A. Tax afaatement may,be granted for a development project,excluding land, Nvl:.icl has a minimum.c.a�,)ital investment of one of the following, 3. 10 m-i-Iffion if the e� - t. Ca:. if �aru�,..t as located a��y�vher� z�� �,r.-�� �3a,;� of Fort Worth. 2. e$5s..�0�1000 A 'L IE?'project is located in t3.'"3'. "inner city" o:d property alac>.e.. at to the x gior thoroughfares as identified on l•<:xhlk,alt, `A" Specifically: xl znsfi-1A T-Ftir^ jm L Tracts .02, p Q�s 7..i' iJ.f Ps '4%P'mm7 VFi1 l $Cl`3L.3. Adjacent to Tracts 1646.0 , :I:046.03 1046.04 Felix A( acent. to Tract 11;59.00 Hemphill 2kdjacent to Tracts 104 .03, 1045.02 & 3 1040.00 £eta Avenue Adjacent to Tra=cts 1041.:.s0, 10300 & 1029.00 Henderson Adjacent to Tracts :1018.00 & 1010.00 21st treet Adjacer t to Trad 1004:00 H; y 199 Ad acent try 'rract is 004.00 Azle Avenue A4:jacent to Tract 005.01 N. Mahi Adjacent to Tract 1003.00 Decatu, Adjacent to T rac-t 11002.02 Dean Road Adjacent, to Tract 1050.0 28th Street Adjacent to Tracts 1060.06, 1002.02 & Riverside t..Jr.__ .!' di acer. fit.i] �g�Z°%:'t"i_.. 1,.„.J1, .76,Z) /� r� }5��eadkoivib,�°�ICJ.t4_ 31-):'. <"�,'dl ace.- /t'o .-a.�:'....,; 101aa fit.02 ��rr�-: �I 1/,�'S/,.A, .()3 ' Miller . .iPe? T;ja.?,4 `iAl L.`,.) ,1:' a'}. 0y oC)ry h .�tJ`3C1. �✓ Camp 1:yow�1 �;iv Adjacent to T,-a ,t 1020.00 Adjacent tlo 020.00 4(`1.c Ti; Blvd, ? (_<�c:.'c�.itt. '_i.; 'R_-a �, ..10-5 .:0 &OM property abuttling the thoroughfoi°;:s as listed above.l 29 commits to hiring rE•Sidents from an eligible "inner-city" area, fear full« time, permanent positioras. . Less than S 00,000 if the project is located in the inner-city areas having three of the ffbur criteria lisued above under, the "inner-city" definition or pa`r3perty adjacent 1.0 file major hwhorougrifares borderirttl "e_hos£? tracts as identified on Exhibit "A Be '11 he state law prohibits tags abatement of existing tax base.: Abatement can be considered only for the increase in valuation alcove the existing variation apt"a Particular property and for a. maximum terra of� 10 year' The amount and terms of the abatement will be determined by factors siachs as the costs to the City, the project's increased valuation to Islxe tax base, and the number and type,; of new jobs and new or expanding local businesses resulting fro m the project. 4. The "Application for Tax Abatement" four: must be completed and submitted (*with an application fee of 1% of project cost., fbe not to exceed $15,000) to the City Manager outlining the following: 1. project specifications, 2. coats and benefits to the City, 3. employment impact in, the City and the region, . fiscal impact, � 5. community impact, projected construction dollars to be .spent can the project with a percentage of such dollars that would be awarded to Fort Worth contractors and subcontractors, and 7. pr%'ected'tota.l annual supplier and professional service contracts in terms of dollars, and the projected percentages of each such category that will be awarded to fort Worth companies and entities, during the abatement -period. If construction on the project is begun NVIthin a one (I) year period from the date of the ap plication (with or without a tax abatement), this free shall lie' credited to any permit, impact, inspection or any other lav,,ful fee required by the City of}.ort 'North. If the proiect is not constructe=d, the application fee Shall not be refunded or otherwise credited_ D3 Jmprovernaccts sulaject to ta.c abatement, are t hese which will take place after the :a.#p_,I ens?" eat, Is ex£'cut-ci. IV. Procedural Gu:ideli7i os AnY applicant desiring that the City of Fcrt Worth consider, providing tax Rbatea ent to encourage location., expansion andlor modernization of operations -within the city limits of Fort Worth shall be required to comply with the following procedural guidelines. Nothing within these guidelines shall imply or suggest that 'Fort Wort 3a 9;ti-ac.aka.t a..xp° a.3ruHg.::°..r3ra to pt°fSVxde tt3.4C abatement in any aY.notdnt or value to any 5 applicant. s Prelinxinar,y Application Stop; A. Applicant must complete a%City of Fort Worth "Application For Tax Abatement, , and pay an application fee. The application shall include financial and other information deeded appropriate for evaluating the��in.anC al capacity and other factors of the applicant. If the applicant is not the f;w ner of the property at the time of application, the property owner's au.thorizatlu'r) must -=lso be included. B. A complete legal description of the property and tax certificate verifying that no � taxes are past due cars. the applicant's property shall be provided as part of the application. C. For an urxpletted site, the applicant shall prepare a c,ir rey map showering be s 'precise location of the property, all roadways wvithir-Ive ' ndr�d. (500) feet of .; M1� ..._ - th+e,site, all existing land arses and zoning within five hundred t504is feet of th e site, D. Applicant shall provide a survey, plat or site plan or,, which is shown the kind, number and location of all proposed improve-4xaerts. E. City may request applicant to provide su bstantiation of the economic feasibility of the overall project to assist any determining the long term. . benefit to the City. F. Applicant shall complete all forms and information detailed in items A through E above and submit, them to the City ManagET, City of For. : Worth, 1000 Throckmor°ton„ Fort Worth,rth, Texas 76102. Application. Review Steps G. All infbzrmation in tlj.e application package detailed above will see reviewed for completeness and accuracy. The application clay be distributed to the x ppn priate City departments for 'internal rew,ip�, and comments. Addit=onal inff'orination may be requesf,c M1 H. Copies ox the complete application package and staff comments will be pr ov de to the City Council. `.l?he City Manager's Office wIll malke a r°ec+arra..menclati.ca as to whether or not it is in the City's (and. the other, taxing autl *: ities') best interest to offer tax abatement to a. particular applican'.0 Consideration of the Application I. The Ca.y­ o;rvd.,n l consider the applieatican a4: meetings conducted pursuant to the Open Meetings Act and the Proper°t•y Redevelopment and Tai r'�baL��cie�st Acts. Additional information may be requested. f� J. For applications received on projects located outside any State designated enterprise zone, the £ ity Council shall consider c alling public hearing to consider establishment of a reinvestment v0ne, When the prq ect location is not within ariv enterprise zone, the City Council shall held a' public hearing and determine 'whether the creation'' of the reinvestment zone Meets the economic development objectives of the City and the criteria s eeif ed by sta`e law of both of these criteria are met, the Cite aoanc I will adopt an or dinarlce creating a i rainy strnen�, zo��for t �abatement purposes. Consideration of the Tax Ab¢.. e-irnent Agreernerau L. The City Council may consider actlon w.6.1n--h ar8 roves the terms and conditions d"an agreement betweer the City and the applicant, and governs the provision of the tax abatement. At minimum, the agreement shall include the following. L General description of the project; 2. Amount of she tax abatement and percent of'value to be abated each yei r. 3. Duration of the abatement; 4. Type, number, location and timetable of p]a.nned improvements; . Proposed use of the facility, 6. Number of ,jobs to be created or retained and a percentage of errploy erit in Fort Worths 17z Any specific: terms and conditionF, to b a root by the applicant; and 8. Reporting inforrraation. M. Any tax �_abateiiarant grantedl a project vyill become effective on .anuary 1 of the ye€x following the issuance of a Certificate of Occupancy (CO) for the new � facilities (ujaless otherwise specified in the tax abatement agre\ement). V. Recapture e If a i>ro�1ew.t ;s not completed as specified, or if the r erins of the :.ax abatement agreement are not met, the city has the Fight to cancel o, amend, the abatement agreeirent and abated taxes shall become clue to the City aria' other affected tasting knits as provided by- Law. If a project grans ed a to"f Plop.teTriertt ceases to operate O s:'a rtf? longer 111 CL?l,"' ii'Y'1�a?1:' ' \!',:!'; '•-'`.:c? fiu.`a u' A' [1 1l' ii. a..,is I%':rJ, the agreement shall { J not be in effect: for the period of time during which the or � �n:-giect iti not OperatingOperating not in, conformance. not V.I. Inspection and Financial 'Verification The City of Fort Wort'n reserves the right to review and vex ify the applicant's financial statements prior to granting a tax abatement Ejrid to review the financial condition of the project during the term of the abatement. e -. u. The pity of Fort Worth i al reie ve s t'l-IG a xgR,',t �^�", sue, ;'aN rncv�nfsa¢ivxz to ins'p?ct the facilities o the Y3p�b�t�^El�b� during the tdrarr of the abatement and to verify the hiformation provided in the tax � abaltement agreement. Prcivisions to this effect shall be a agreement. incor pr7rated into the s k .i:i. Evaluation Upon completion cif.construction of the facilities, the City Mana�°er's desi � n� annually (or such other Lures deemed appropriate by the � aty) evaluate each facility receiving abatement to insure cornplian�ce with the agreement and report possible violations of the agreement- to all af-ected. taxing units. Any Individual or entity receiving a tax abatentent from tine City of Fort Worth shall provia e information in the Marx;ter described in the, tax abatement agreement ineia ding, L t riot, gimite top the following: rA \�a,� aaxc: aaiwaaa x..a LLa" �rnn.r,.o..:•;�`:: a;,� �1�. !°fFF�a'�'7'#?C`.'ti�A31 contracts s�.1d � subcontracts awarded Uri t7 e job, specifyiru,; which compG��sies e Fort � Worth eiitities. (To be provided quarterly.) (B) The total number of e?mployeas of the care. an ya their total salaries, the number of e1:nployees who reside in Fort Worth and their grass salaries. These jobs shall be re p orted in job c1 assifrcatiors appropriate to the employees. (To be provided annually.) (C) The gross dollars spent on supplier and rofession.ai i3rSJi��^,.,2J. t"tUVSiT7: to fie%ll.l?i''3stI'c"A�:C.' t:�'1£ �� SC'r�TICe CU��B°dCts, perfdrarled 13 - Fran ��'rsrtli`individuals � by contract awarded and � ndividuals and entities. `To be provided semi- annually.) (D) The dollar airiount of.contract: awarded to Disadvantaged, Business Enterprises (DBE). (To be provided annu,aily.) (E xf the dollars or per, C approved a a ^entage r,� not �: �. f�e bt:; i�al or Council "y. tr TtOt.t l?f. ui� f�E 3t rfS, t` c }a t T'�� the abatement' ant sh i sllalle tile•, expl s"i '.tion for the faiii,'i'Q CC 1Ci4 .':. the �::rojection., to either Sal iti I LU3T2 r:t s.G E. l cou Se Uf rec;ti ic:at,ron. �,It, is=. the poliq.y of t�"le,"JfY of Fort Worth k1hat, Rrl 8,c-r,-=e'd upor, per I:enta�'^ of 1110 employees Uf• companies receiving dti! �3.i"3AtC?11�x)t }?uli rec:: de, irl �:.",. the end t±f ec1Ci1 'All � i;�'`t­ 'H�e :C T '�J# � t with. their addresses Co the G t y Darr xj:ier s t lfftce. If the peaticentfage as below that agreed upon. for the prior year, Uhe -�Ibatenient rar �fCI the next year 3 y . . e .'.ewez°ed a I 2c ,ti. / scra ai-l' ° lcuio loo shall (dG3 VIII, Eff`-et Of Sale, Assignment Or Lease Of'Property NO tax abatement rights may be sold, assigned or leased unless otherwise specified in the tax abatement agreement, An s ale assignment or lease the $ i ia? not ��'`�er.��.�.att4�'. 'f � 4 f � ��C��a..�rC9�eX'4:�y7.��'l��lk d in the tax abatement agreennent rer.ults in a forfeiture of all tai: abatement rights on the property. Adopfed;�111 the Fort Worth City auttcif urT DecsenGei,II, 3992 Revised September 21, 7993. s i � . g. " INNER CITY " ' EL I G a BLE AREAS FOR 'TAX ABATEMENT As Identified In Scctlon III . A. t2) City of P• Fort Worth Pc ! vcy Statement on Tax Ab3t err.ent T To OuaIified Commer iai. Ind ustrial Prof ct� . A9 Amended and Rzateted . December 3, 1992 ; �,,:rr u :-�:��' •gym � ° ,,��}. _ �' �� . f z o Y. .. FORT 3 T r a WORTH �• ` L, tom° i ! ,r ` f , I _ LEGEND c r �U I 'y " I z a �t r,s s T BEs�• = __ r i. 4. K " ^}-- •��� ��, - n i c noet3 et : east 2 of t�,t 4 :r , l�- ia nvo! v ny s ..'nemplc}mtnt. pov►rty. ! gip aJ ncor, c. and 7QpUl3 Ion 10 4,3. _ ��^eta 2 of the ? J,w � 4 qr-. , it —i a `1,k *a r t L / i A ` i °• � ° )a y. �,.1IS .(:w'!LJ. .�ivx.s � � ..a". _ tom; • , --f�� � � � ��a I °a"n •� � � a$�I,,�° v�,�it .tai: �!, �'` —T -V STMe k a k•.'"°R° ( �. .._...._ e.7-.`'5�:� 6 .� ��~?. *•ws� .I....orz. I_"�.r°'.j.,°��^L^ R...Lrk�... �. a y \ cc 14, Alf �,... ' .C��•_a..). � �•,.�_ } dT� `�yr ( ^:'.�Jr���l�.aj.�.4s ()�r ¢ � —�7 �3, w 7 _ o � ,u"fin. + ,.m. ~,> x�.atmr�smcm�®ART'Wa �1�4x ��r �'1wr.Wnttr9 huv.�ir vramf(v. 'eraw.s9 .nFlultneMVmeEer �f P b THE PROPERTY �fi EXHIBIT ,ABs, to Tai: Abatement: Agreement FORT WORTH REINVESTMENT ZON-'- No. 18 SE"NG a tract of land situated in the William Bush Survey, Abstract No. 205, the Allen Hen±erson Survey, Abstract No. 596, the Hamilton Survey„ Abstract No. 1022,the Reyburn Survnr,r, Abstract No. 11—0, the James E ds Survey, Abstract No. 410, the Alexarndet McDonald Survey, Abstract No. 786, the Benjamin Matthews Survey, Abstract loo. 860,the P.K. f.latthews Survey.Abstract too. 865,the Greenberri Overton Survey,Abstract No. 972; the P. M. Smith Survey, Abstract No. 1170, the C. Sutton Survey, Abstract Flo. 1230' tho J. Evans Survey,,Abstract No. 396 &Ito. 470, the E. S-Peters Survey, Abstract No. 1626, the A. G. Warren Saarvey, Abstract No. 1687, the William fluff Survey, Abstract No. 648 No. 519, the F. guelia Survey, Abstract No. 267 & No. 2711, the T. & P. RR. Survey, Abstract Rio. 1569, the Jose Chirino Survey, Abstract Rio, 265, the S. T. Rhode$ Survey: Abstract No. 1858, the T. G.:A. 'Pillis Survey, Abstract No. 1682, the M E. P & P. RR. Co Survey, Abstract No. 114:x, the J. Ashford Survey, Abstract No. 1716, the N. S.'greed Survey,Abstract No. 1998, the H. Cox Survey, Abstract No. 386 and the William McCowen � Survey, Abstract No. 999, said tract being in Tarrant County and Denton County, Texas, and teeing more particularly described by metes and'bounds as fellows SEC-INNING at the intersection of the southerly= right-of-way tire; of State Highway No. 170 with the westerly lire; of Ulnion Pacific Railroad right-ref-way ('100 feet wide); Thence S 25003'34"". 561.39 feet; Thence N 80000'03-0"W, 851.14 feet to the beginning of a carve to the right; Thence with said curve to the right, through a cantral angle of 00130'04", a radius of 1030.00 feet, the long chord of which bears S 09 P44'56'W, 9.01 feet, an are distance of 9.01 feet; Thence S 09059'583 W, 435.47 feet to the beginning Of a curve to the right; Thence with said curve to the right,through a central angle of 84052'42",a radius of 490-00 feet,the long chord of which bears S 27°26`19 293,70 feet, an arc distance of 298.28 feet to the beginning of a curve to the right; Thence with said curve to the right, through a central angle of 11007'48",a radius of 411.50 feet,the long chord of which bears S 6", °17'08"E,. 79.81 feet, an arc distance of 79.94 feet, Thence S 55°43'13"E, 49.56 feet. Thencs S 25063'33"W, 301.26 feet; Thence S 04ID21'03"W, -0.9.79 feet; Thence S 80 000'0 1"E, 567.79 feet; File Na-ne ALL..-LEG.LEG Page 1 of 14 Thence 1) 25003'34"W, 470.2S feet; Thence 3 10043`46"Ep 136.59 feet to the beginning of a curve to the rights "Thence with said curve to the €fight, through a central angis of 11 1104'50", a radius of 2560.00, feet,the ldn"g chord of whf ch a cars S 0511 V21 494,31 feet, an arc distance of 495.08 feet; ; 'hence S 00121'04"W, 1 63.95 feet to the beg'nning of a cfvwe -tc the left; Whence with said curiae to the left, through a central angle of 90C,00'00", a radius of 90.00 feet, the €onq chard of which bears S 44"38'56""E, 127.28 feet:, an are distance of 141.37 feetp Thence 13 89 1138'56"E, 2082.15 feet; Thence .> 25108`34"W, 24.43.73 feet; Thence N 69038'54"'ill, 4462.77 feet, Thence N 00128` 2"E, 2704.93 feet,. `hence N 89051'03"W, 485.07 feet; `hence S X90"28"0,"`W, 2703.21 feetp, Thence N 89038r3l"W, 2915.57 feet; Thence N 00000'31"W, 500.91 feet; Thence S 87°5615°'W, 1197.35 feet; r. Thence a 70059'45°"W, 147.47 feet; Thence S 01 048152"E, 556.08 feet; Thence S 87055'57"VV, 131 9,02 feet; Thence N 89051'03"W, 19.73 feet-, Thence S 00006'267"F, 1:352.09 feet, .Thence; IS 00"32'U Val, 4265.64 f`ei.—. Thence I\S 89.1 36'57"W, ,-:118.1'.515 fern F ;.z Nar e A:_.6. y.a:i»t.z_EcR Fans 2` of 14 a } f ( Thence hi C 0006'4C)"W, 3486.11 feet, i " Thence S 68016'03"W, 1564.50 feet; Thence "1039'04"W, 12.43 feet; L ,� Thence S 49"X1'36°991f, 71.27 feet *0 the beg'.1nning of a curve to the left; i Whence with said curve to the left, through a central angle of 14033'00", a radius of 746.20 feet, the long chord of which hears S 1r1 035'02g"W, 188.99 feet, an arc distance of 189.49 feet; Thence S 85041'290E, 7.25 feet,' Thence 3 00049'03"", 2409.27 feet; Thence 6189040'35"W, 3017.78 feet; Thence 00' 000033-18"W, 3328.24 feet; Thence N 90049'00'W, 560.88 feet; Thence S`14°59'49"W, 5066.80 feet; "Thence 3 89055'45'"E, 661.15 feet; Thence S 00021'11"'V, 3.94 feet; Thence S 89038'47"E, 778.66 feet tc the beginning of a cUrve to the right; Thence with said curare to Elie right, throunh a central angle of 32053'51",a radius of 556.28 feet; the long chord of which bears S 73011'52"°8, 371.66 feet, an arc distance of 376.92 feat; Thence S 56044'074"E, 236,30 feet to the beginning of a carve to t"�® left; Thence with said curve to the left,through a central angle of 29023'50", a radius of 633.26 feet, the long chord of v.hich bears S 71 025'59" , 321.35 feet, an arc distance of 324.91 feet; Thence S 0070 13`21"W, 1223.38 feet; Thence N 89 '46'32°"W, '8 616.27 feet; Thence S 89 057'29°"W, f98.13 feet; `hence S 00001'23"WI 22707.80! feet; // _f_,y 5,, No �., A 77 pp ,. _, page 3 of 14 i Thence S 89"J'1"I 3"E, 1836.02 feet: Thence 3 171153'49"E, 290.07 feet, Thence S 001114'41"W, 3035.70 feet. Thence N 81"15'4,3"W, 1837.01 feet to fine beginning of M �t. .e to thy= left. Thence with said curve to the left,through a central angle of 08 a 35'30", a radios of 1 930.00 feet, the long chord of which beais N 85033'28"W, 289.�1 e, feet, an arc distance of 289.41 feet; Thence: N 89151'13"W, 144,21 feet, Thence S 001100115"W, 3605.70 feet Thence S 89059'45"E, 80.14 feet to the beginning of a curve to the left; Thence with said curve to the left,through a central angle of 25030'00°", a radius of 1250.00 feet, the long chord of which bears N 770 15`16"E, 55134 4 feet, an are distance of 556.32 feet; Threncie N 64130'1 1127.32 feet to the beginning of e curve ri jht, Thence with said curve to the right, through a central angle of 09°40°57", a radius of 2r s0.00`feet, the long chord of which bears N 59120`44"E, 346..02 feet, are arc distance of 346.44 feet , Thence N 741111"12"E, 325.91 feet- Thence 6 00 c'1 J'45 P"E. 1463.91 feet, s' Thence S 001102"03`°E, 369+.67 feet i :ence S 89"162'210'W, 1010.94 feet, Thence 8 00 012:56"E, 2273.20 feet; Thence N 39113'1'1 6"E, 1000.44 feet; Thence S 00007`53"E, 1463.98 feet; Thence 3 891138`34"W, 2988,74 feet, Thence N 00"05'37"E, 1458.1 cS feet; "Thence H 00002'34"E, 2289.38 feet; C&LI Job No. 9 2?4.007'3 ;Sovcri.b3s 17, 1394 File Narne AL LEG.1 ECT, Page 4 of 1,,A Thence N 01 14`44"W. 194.67 feet Thence N 00001'37"W, 900.23 feet, Thence N 001003'04"W, 1426.02 feet; Thence S 890 3'05"E, 610.00 feet: Thence N 00°00'95"E, 5d0.C'' feet; i Thence N 89®43'05"W, 610.00 feet, t `}'hence N 000x02'02"E, 713.85 feet; i Thence N 00000'25"'W, 29d` .39 aces; r Thence N 00000'31"E, 2194.62 feet to the beginning of e curve; to the right; "Thence with said carve to the right, through a central angle, of 14015713"1 a radius of 5554,58 feet, the bong c:Fwd of which bears N 07029'07"E, 1445.58 feet, an arcAistance of 1449.69 feet; Thence N 14057'44"E, 41160.17 feet; Thence N 18032'52"6, 401`.:4 feet; Thence N 14054'18"E, 349.33 feet; Thence N 14018'21"E, 5087.12 feet; Thence N 01 0 50'44"E, 6778.23 feet; Thence N 09022'37"F, 2838.89 feet; Thence N'79020"16"W, 353.67 feet to the beginning of a curve, to the right; Thence with said curve to the right, through a central angle of 06 043'40°, a radius Of 2000.00 feet, the long chord of which bears S 58039'30"fit/, 234.71 feet, an arc distance of 234.85 feet, the beginning of a curve to the right; Thence with^--aid curve to the right,through a central angle 0, 28°12'27 a radius of 325.00 feet, the long chord of which bears S 131157'58"E, 158.39 feet, an arc distance of 160.()0 feet; Thence N 89051'47"'W, 296.11 feet; Thence N 000013'1 a"l;, 153.62 feet, C&S ,fob No. 92140079 November 17, 1994 Tile Name ALL__Ct:GAIG Page 5 of 14 Thence 3 891151'4VE, .236.10 feet VI the beginning of a, curve to the IS;:�g; Thence with said curve acs the left,through a central angle of 041152'2V,,a, rare°us of 1 9909.00 feet, than long hord of wnich 'Dears Al 6000-y'43".r � ,2 st � _ ��."� feet, an are; di��ance of 169.31 feet,. Thence N 21 051'45"M ,263.06 feet, hence S 68008'.15"W, 698.69 feet; i Thence hi 87050'56"W, 100.55 feet to the beginning of 8 Curve to the left; 1 Whence with said curve to the lent,through a central angle r,,f 0 117'22',a radius of 1250.0 feet, the lore chord of which hears 3 04059'34"W,, 13714 feet, an arc distance of 137`.21 r feet, the beginning of a curve to the right; ` 4 Thence with said curve to the right, througin a centrfr,l angle of 83`17`23",a radius of 90.00 feet, the long chor- )f which hears S 4 *59'34"W, 125.37 feet, an are distance of 138.69 feet; Thence N 89'051',; "AIV, 345.903 feet; { Thence N 090531 1"W, 63.44 feet; Thence N 68 008 15"6s CD8.33 fe6A; Thence N 08 003'15"E, 423.73 feet; Thence S 63103'15"' , 132.44 feet; Thence N 09053'13"W, 1034.46 feet; Thence N 0006'47 �., 719.012 feet; Thence N 14048'55"", 1:1320.87 feet; Thence S 80006'47'" t'u 1271.02 feet; Thence N 0911513111 1W, 649.35 feet, Thence I`-J 600CIEV I 'E"6, 858,54 fiat; Thence N 09"'5,3'13"W 1065:: 9 feet: lkence N 09 3'i 3"W, 589.56 feet; Thence N 09 0531 3""W, 445.15 feet: Therice S 80006'12"it'd, 898.044 feet, Thence N 091'5313"W, 1060.43 feet; Thence , l t�c'.16'47"� . 2657.36 feet; Thence � J9 053'1 3„ J. F 790.00 feel, Thence NO 0006'47"E, 1210.00 feet, � "Thence N 09053'13baW, 1799.61 feet, Thence N 80006'47"E, 463.4” feet; Thence N 29 057"33D6m 443.50 feet= "Thence N 15002'28"W, 424.04 feet; Thence N 29®57`34"6 1238.32 feet, Thence 3 610002`24"E, 'mss.". Thence N 291157'36"", 69.18 feet to the beginning of a curve to the left; b % Thence with said curve to the left,through a central angle of 04028'58',a radius of 1090.00 feet, the long chord of which bears N 51 0263: "W, X35.26 feet, an arc distance 0 f'85.78 feet; Thence N 29 57'34"E, 53.19 feet; Thence N 53042'218"W, 301.84 feet, Thence. S 29057'34"W, 13.91.27 feet, Thence N 60'`02°2£"W, 1 153.93 feet; Thence N 09053'13"W, '1579.40 feet; Thence N 801106'47'E, 780.00 feet to the beginning of a curve to the right; Thence with said curve tc, the right, through a central ax g'e, of 34°45'2; "s. a radius of 11401.00 feet,the bang chard of which hears 3 32 a30,29"FE, 031.00 feet, an arc distance of 691.56 feet; Thence 1.4 30"00`52"E, 233.67 feet to the beginning of a curve to the ieff; I''hence wit?i sail w t! he r•.F C} f'9 ' 10f t, tNrO. gh a central angle �1`�5°, radius of R45.�3. Nk 17, 1994 f feet, t3;e long chord of which bears N 00,J 1,0.20-E, 243J33 feet, are arc dista;lra fir 2,,95.22 feet; "Thence, N 29040'12-W, 193.59 feet to the beginning of a curve to the right; Thiencc with said curve to the right, through a ce it vi -jng!C of 15042'27'; tt.,s � a radius of 205.00 feet, thn long chord of which begs N 21048'59'W, 56.02 feet, 1 n arc distance of 56.20 feet; Thence 5 80006'56"W, 462.63 feet; ,4 (hence N 09x'53'04:"W, 72.39 feet; I Thence S 80006'56"W, 630.65 feet; Thence N 09053'04"W, 170.00 feet: Thence G,80006'56°°W, 467.00 feet; T Thence S 09153'04"E, 575.39 feet; Thence S 80006'47"", 2369.54 feet to the beginning of a curve to the tight, � Thence with said ounce to the right, through a central angle of 34"48'20", a radius of 1090.00 feet, the long chard of which bears N 62 029'03"W, 65:2.01 feet, an arc distance Of 66'2.1 feet; _ Thence N 24016'14"E, 352.97 feet; Thence N`25 123'59"E, 3175.47 feet; Thence S 6203524"E, 321.76 feet; "Thence S 72030`45"E, 320.51 feet; Thence 3 661147`23`°E, 343.54 fee's,.° Thence e 49038'39s"E, 440.66 feet; Thence S 76^1 7'58x`, 223.86 feet; Thence S 82'08'50"E, 27'T.29 feet; Thence S 44058"14.'E, 2:9 .00 feet. p8 e d s �i�.C'.. 'J✓f�sr E'.-P 270.39 feet: Nip, N'arnt, ALL �•;� � ,r�1�H: 177, 1994 8 of 14 .E,. Thence 3 70049'43"E, 490.59 feet; Thence S 69°27`13"E, 240.31 feet; Thence N 62004'49"E, 241.39 feet; _. Thence N 4E- '3$'26"E, 233.99 feel. Thence N 31 x'21'45"E� 283.14 feeet,. Thence N 17002'55"E, 113.06 feet; Thence N 09"35'4.0"W, 221.28 feet; Thence N 24035'04"E, 1 7.19 feet; Thence N 45042'41"E, 193.55 feet; Thence N 211146'56"E, 113.15 feet, Thence N 01051'21"E, 299.36 feet; Thence S 9014'44"E, 2894,57 feet; Thsnce S 05°42'56`°E, 139.76a feet; Thence S 86033'08"E, 503.02 fleet; Thence 3 01 1534"W, 4071.30 feet; Thence S 00033:52" , 652.06 feet; Thence S 0.01135'58"". 278.51 feet, Thence M 78022`27"E, 232.95 feet; Tffence S 891132'26"E, 460.66 feet; `hence 3 00014'26"E, 13.34 feet; Thence 891140'212"E,E, 1860A 2 feet; Thence S 001136'52"E, 663.82 feet; Thencw fV 39 023`07"E, 3'755.00 fee'; Thence N 00r,36 52"W, 65'x.66 feet; 0&3 Jo Na, 512140079 November 1-7, 1994 fliune ALL p '? of 14 oge t i i Whence 8 89"40'22-E, 439.90 `eet; i Thence N 00004'49"E, 2603.60 feet; Thence a 89001'38"E, 602,58 feet; Thence S 89052'47"F-, 1909.19 feet; Thence S 75004'22"E, .;131.60 feet, Thence N 691124'37"E, 663.77 feet Thence rS 0 11 "'x;'05" , 777.657 aeet; Thence S 65 13"k96`W 1`1,62.75 feet; "hence S 08°37'55"W, 62.35 feet, Thence S 50032'1 9"E, 671.24 feet; Thence S 21 ®26'16"W, 482.93 feet, Thence 00001'46"E, 377;37 feet, Thence a 251158"1 4-W, 871.51 feet, Thence N 89D 16'4 6"W, 2387.56 feet; Thence S 00036`40"1f1t', 1877.00 feet, Thence N 391104'27"W, 2635.27 feet; Thence N 89030'53"W, ,2459.90 feet, i Thence N 65049'49"W, 401.21 feet, Thence S 29`57`.34" ', 1496.00 feet; Thence S 891130- 1"W, 72.74 feet; Thence S 00006'33"W, 125,96 feet; Pience S 29057,33,:E, 572.69 feet to the beginnirig of a Cum? to the right; Thence with said curve to the right, through a central angle of 03037'06", a radius of 2644.711, feet, the Ion(] ch ir-' of which bears S, 31 46`06"V!, 179.62 feet, are am distance of 179.65 feet; He No�eanbei 17, 1994. Pats C.) of 14 Thence N 60c'02'06"W, 32.27 feet; Thence S 29057`54"W, 70.00 feet; Thence 3 60002'01"E, 27.04 feet; Thence 6 34037'06"W, 363.99 feet to the becginnIMg of e curvy Thence with said curve to the left,through a central angle of 04 c,3242"p a radius of 2384.79 feet,the long chord of which beats S 32 a 2Ge4 5"1,'„I, 228.77 feet, an arc distance of 228.83 � feet to the beginning of a curve to the left; Thence with said curve to the left,through a central angle of 06045'54", a radius of 1 021.14; feet, the long chord of which bears S 36000'29"W, 120.51) feet, an arc distance of 120.57 feet;' Thence S 29034'07"ICJ, 246.56 fe-:tP Thence IS 27025'4'7"W, 239.43 feet; Thence S 29 1152°36"W, 335,54 feet to the beginning of a carve to the left; Thence with said curve:to the left,through a a;enitral an le of 021146"05",a rad-us of 5749.58 feet, the long chard of which bears S 2,'134.'30"W, 277-73 fect, a i arc distance of 277.76 feet; Thence 3 2701 1'29"W, 14339.79 feet to the beginning of a curv- to the lefts Thence with said curve to the left,through a central angle of 00039'54%a radius of 5929.5$ feet, the long chord of which bears S 260,51'32"W, 68.63 feet, an arc distance of 6$.33 feet; Thence S 13"16'35"E, 616.6 feet; Thence 3 001141'19"W 2828-87 feet; Whence N 891"a1`35"mac, 174.92 feet; Thence S 00003"0'W, 2341.21 feet; "hence 3 000:55"07"E, 366.82 feet; 1henc.e ��;. a9 �, AP yPS c 2666.1 a? feet; Thence N 00 6,1,"E, 2075,'72 feet; Thence N 151*153'5 7"JE, 120.79 feet; Ctti3 Job No, 9214007q, rflr l e AL; : �:.�. IEG November g rf 9994 Page 14 of 14 Thence N 26°29'11"E, 204.78 feet; Thence N 141136'14-.,E., 114.66 feet; Thence N 01 c,3"40"E, 165.67 feet; Thence N 89 a?43'a 6"E, 42` .71 feet; Thence 3 891'09'14"E, 1141.86 feet, Thence S 87116669'°x:, 247.61 feet; Thence N 89c,31'02"E, 1280.34 feet; Thence 9 69038'23"E, 1014.44 feat; Thence N 87cl O'14m6. 133.62 feet; Thence N 86059'63"E, 59.76 feet; , Thence N 0"13'16"E, 1241.32 feet; Thence 9 89050'48"E, 764.44 feet; Thence N 001117'36"E, 2;P,3.64 f-let; Thence N 89050'52"E,, .693.88 feet; Thence N 000 32'51"Wp 766.30 feet, Thence S 89'031-'02"E, 712.71 feet, Thence S 001026'32'V\I, 427.43 feet; A w., Thence S 89031,25"E, 274.50 feet, Thence N" 00028'32"E, 427.39 feet. Thence S 99c31' 5"E, 487.84 feet; Y Thence S 390:343' i"'gip 324,6s fie$" fi Thence NJ 00026"21" ', 38 y-63 feet, - a 3 a Thence 1.1 2.. G,3W3 @"E, 346 27 feet; Thence N 85016'3.""E, 175,2: feet; m Page 7 of 14 Thence S 8.9030'.37-E, 304.45 feet, Whence S 89030'32"E, 305.93 fees.. 'thence N 00042°30-E, 2335.€ ! feet; Thence N 00036'58"E, 1520.38 feet: a a Thence S 891123'01"E, 1 096.64 feet;, r Thence N 00036`5€".E, 750.00 feet; Thence fq 89023°02'"'x, '1100.f30 reete Thence N 00036`;56"E, 21.403 feet, Whence 8 89 046'186"E, 168437 feet, Thence N 0001,5'20"W, 1623.32;feet; 'Thence N 90000`00"E, 1033.53 feet; Thence 8 00017'46-E; 1627.45 feet„ Thence S 89 046`18"r., 1424.97 feet; 'rhence S 01013'44"ail, 1652.47 feet, "Thence 8 8£1046116"E, 3942.39 feet; "Thence S 250013'33"W, 673.47 feet; then€re S 25^0>3'34rz $ 663.81 feet tc,the POINT OF BEG€NMi G, containing 4881.20 acres of iand of whi,,h 463.9`5 acres are within streets, SAVE AND EXCEPT the following All of Lot 1, Block 9. The Northport Addition, an addition to the City of Port Worth &s recorded it) Cabinet "A% Slide No. 5�)7, Tarrant County flat Records, containing 1.01 acres of land, more or less. rand BEING 1.06 acres Of iz"id situatee in W81 dell Texas and being �: t' � Thomas a�; afden �:>�(•�;�r, Abstract I'VQ. °192t, Tarrant Bing df;srt-,t as follows C-0-flMENCING at the northeast cornFr of the East tract of lard as described by ahead to ;sunbelt Si—inns Association and recorded in Volurn� (3(328, Pao 784, County f�c�cords, I arrant Cow j,,t''y', 'r yes, i)$i f i ?. n, x :I.e scrutll lime of f�elPw•; t s{;;et Pc1ac; Page Thence S 89049'56"E, 132.43 feet to the POINT OF BEGINNING; Thence S 00004'09"W,W, 130.94 feet; a Thence N 84050'25"W, 304.91 feet to e pmnt in the east right-of-way dirge of 1-35W; Thence N 10041110"E, 80 feet, along said east right-of-vfay line; f "thence N 48110459"E, 113 feet,continuing along said east r gh' -cif-way dirge to a pent in the south urge of Keller-Haslet Road; T e)nce S 89049'56"E, 205 feet to the POINT OF BEGINNING and containing 1.06 acres of land LEAVING A, NET AREA OF 4415.18 ACRES OF LAND, MORE OR LESS. f i i i C-R^ .,Ala [i :rf.�:.)r 17, 1994 i :ir; a.arr�t' ;€ 1. .t E Fags ,� of i 4 r i ct1- -,1 TO op 41 >-4 " LA IT fT MAM IL"liaa^QU xEI of n43n 1I81HXj THE APPLICATION s t w r D ; i t f j t. P C-1 DORRILl.:2605 h k EXHIBIT "C" to Tax Abatement Agrc-em ,t APPLICATION FOR TAX AI4XTT,-#D3W TO THE CI7"Y OF' FORT WVR7,F1 BY THE PROPERTY OWNERS LISTED BELOW s ' - p?9Derty_ wnex Applvina _f r_A atgmpnt. The entities listen on Exhibit A to if)'_s appiication (each, an "A- UQ_knt" and collectively the "ApQ] �anrs°) rP making this application for tax abatement (the The address, telephone and telecopv number cf each Applicant is listed or, Exhibit A. Darcy Anderson is the representative of each Applicant for purposes of this Application. Mr. Anderson's address and s telephone numbers are as follows: 2421 Westport Parkway, Suite 200, Fort Worth, Texas 76177, telephone: (817) - f 224-6000; telecopy. (817) 224-•6060. ) c H 2- General._lrescriDt The Applicants request the City to agree to abate property i taxes on certain improvements made by each Applicant (and 5 its permitted assignees) to the property described in Scaction 4 below. The p ,used abatement wpulc, be for ^; 100% of the increase in value of the improvements, ;would ' apply to any improvement completed after the date of execution of the abatement agreement, and would have a t t term o ten years beginning on January 1, 1995 in j consideration of -„tering into the abatement agreement,a t the ,applicants would agree to make improvements costing' ' at least $10 million in the aggregate, which irprovements` would be completed by December 31, 2004. Irk addation, the abatement would be condition( 1 on Millwood Property ' Company entering into -he Funding AgLQement °` 7 attached hereto as Exhibit B, subject to changes agreed to by HPC and the -City. The total abatement to the Appllrants would not exceed HPC's outlay pursuant to the Funding Agreement. x ; 3. Eliaibiity Grjt __ia• The project= is eligible for tax i abatement because the construction costs of improvements On tile Premises are expected to exceed the required ' capital investment amount. 1 4 . Descrip Y__�ubect tq I�bem'n The property subject to abatement will be those improvements r to be completed on the property described on Exhibit C to r. this Application (the ndeYn° _Prop -r v"), Exhibit C } also lists the Applicant owning the particular property described. (Improvements may ;ultim'ately _be owned and/or constructed by a different entity than the current l andowner. 'i j 3 1 - 0:2609 i I 5 . �urren �T�7 � 9f—_ h __ nclryr_3 in9- Prolaez_<.z9s . The latest property tax statement. from Tarrant Appraisal District or Denton County Appraisal District with respect to each Underlying Property wil ;. be provided upon request . T 6 . P v�m�x? s tc _�� -0.49-12 Y_ t-b-Q Apr9ia t T Applicants expect to construct warehouse t distribution/aviation centers and/or offices on the Underlying Property having an aggregate cost of at least ` $10 million (taking into account all hard and soft costs and all improvements currently under construction) . Such improvements are expccted to include (i, a warehouse/distribu.tion center, having approximately 500, 000 square feet (with approximately 14 , 000 square feet of office space) a ( 11ZaDi1�_���rovemwarehousefdistribution center Kevin g Pnt ") , (ii) a a pproximately i 140, 000 square feet (with approximately 20, 000 square feet of office space) , and an assembly/packaging area of approximately 20, 000 square feet ("N1�Impr ,nt,,) and (iii) a warehouse/distribution center having approximately 130, 000 square feet (with )3 ,`000 squaw feet of office space} ( '•IATr�>v_ mn ") . J In addition to these improvements identified above, the Applicants expect that improvements will be made generally in conformity with Alliance' s master plat) for Property the Applicants own in the reinvestment zone. A r map outlining the master plan is provides in Exhibit D 1 hereto. 7 . Fart Wor h 1Bu�inesses Qr Cpl r /llis-advantaCe-d E34a ineas " The goal of the percentage of M Fort Worth businesses and suppliers,liexs is 25 of r pro?@C't costs, � and (ii) disadvantaged business enterprises is 5%-15% of 4 p'eject costs . For purposes of the goals above, only I project costs up to, but not exceeding;, $10 million shall } be considered (i .e. , the goal is that $2 . 5 million of ' 1 project costs will be spent with Fort worth businesses and suppliers, and that $500, 000 of project cost will be spent with disadvantaged business enterprises) . If the Applicants determine that this goal may not be achievable, one or more Applicants would notify the City of the anticipated variances from this goal . Promptly following the diving of such notice, the City and one or more Applicants mould then revie-a the anticipated variances and consider ways to minimize t:. . ir. impact . After taking into c:onsider,at:ion any comments and recommendations by the City, the goal shall be revised to reflect such anticipated variances or any mutually agreed revisions thereof . qa_t_es-. The Zenith Improvemert is expectec, to be completed by dune, 1995 . The total. number of cons�rixction jobs for the Zenith a Img�ravemerit is expected to be approk.:.imately 50, with an s estimated total ca°Ist.ruction payroll of $360, Uf){) . The Nokia Improvement is expected to be conipleterl by Marco, 1995 . the total number of construction the Nokia Improvement is expected pubs fur p d to be ap�,roxirriatPly 240, with an estimated total construction parol.i ' of $260, 000. The AT, Improvement is expected to be complet'c(f ky early 1995. The total number of construction jabs for the S'I'C $ Improvement is expected to 'be a P pproxS.mately 220, with an estimated total construction payroll of $240,000. 9 Fpint Tnfor►nation f4 lmrayet��antg qnc� 4:, 4P e"-t-19-R-al. The information in this paragraph hr,6 been provided to the Applicants by their potential tenants , The Applicants have not verified the accuracy r3f the following information. UP011 ccmpletion of the Nokia a Improvement, it is expected that approximately 200 individuals will be full-time at the improvement site. Upon completion of the zenith Improvement , it is expected that approximately 70 ind vidual.s will be employed full-time;' at the improvement site. Upon ' completion of the ATC lmprovem4r1t, it is expected that j approximately 70 individuals will be employed full-time at the improvement site. i The types of jabs created as a result of the comO_ietion of the imprcvements will likely include: ® Managers Financial Analysts ® ' Packaging and distribution personnel Sales representatives Administrative personnel- 10 G_ rta�_ri.% ar Dre� Beneit � to__� t y_ a Res�?lr _off Cons r5act on of the" IliprovPffl-ents ancJ__E n Ferina Into Ab�temc�n�. Agreeme��. The warehouse distribution/aviation centers will E ,hance the co'nniinity' s progressive image as a i.�ar.sportation and distribution hub. The warehouses, distribu*.; on/aviation centers and offices should stimulate further economic develop of the area and should encourage diversification. 3 - D:2609 Entering into the abatement agreement- will fzcilitate HPC entering the Funding Agreement, thereby enabling HP(-, to participatc in the costs of constxuctinq the d1amond interchange at Interstate Highway J1-?5W and Hillwood Boulevard ll . ZQna_n9LP'1_sa.tt.1n.9 - The Underlying Property is currently zoned appropriately for the expected improvements . It is expecte5 that certain replatting will be necessary in connection with the construction of the improvements . ?.2 Environment�a 1mpac . It is not ;anticipated that there will be any environmental impact in exces3 of that "reasonably expected with the " t,-pe of warehouses , distribution/aviation centers, offices and ietail shopping centers described in this app.licatior_. n for _Tax A_t�a t tgaUe The abatement requested is justified -solely on the favorable economic impact which will result from the p •oposad improvements . In addition, the abatement by definition cannot exceed the amount paid by NP\-- under the Funding Agreement , Pursuant to the Funding Agreement ,; HPC would agree to pay certain costs which would otherwise be the obligation of the City. The :acts and figures set forth in this Application are believed by- the Applicants to be reasonable based( on existing information and reasonable assumptions . The Applicants will provide any additional clarification wits respect to ttae information provided in this Application as requested b,, the City ALLIANCE AIRPCRT, LTD. HERITAGE RETAIL 'PARTNERS ; I , LTD. HILLWOOD/31 LTD. HILLWOOU/1.17, LTD. HILLWOOD/124 , L'I'D. HILLWOOD/7358 , LTD HIL'LWOOD/2500, LTD. HILLWOOD FREEWAY, LTD. FINLAND PARTNERS I , LTD. ALLIANCE GATEWAY 140. 1 , LTD . A,TLI-,NCE TECH CENTER NO . 2 , LTD. -- 4 - U::1(.0) 1 . Alliance Airport , Ltd. 2 . Heritage Retail Partners I , Ltd, 3 . Hillwood/31,- Ltd 4 liillwood/117, Ltd. 5 . Hillwood/124 , Ltd. 6 . _Hillwood/1358, Ltd. 7 , Hillwood/2500, Ltd. 8 . Hillwood Freeway, Ltd . 9 . Finlaad Partners I , Ltd . 10 . Alliance Gateway No . 1_, Ltd. 11 . Alliance Tech Center No . 2 , Ltd. The name, address', telephone number and telecopy number of each of the entities described above is as follOWS.* 2421 Westport Parkway, Suite 200 , Fort Worth, Texas 76177 ,, (81r ) 224-6000, telecopy number (,817) 224-606u . �, - 1 Cmkt taCJ!ed. r P- 1 F OIJBIT 1191, to Application This Funding Agreement ( the ,Ag_e_e,1le '° ) is entered into between the City of Fort Worth, Texas (the rrd through sts ,; + meaty ) , acting key g Ci ..y Manager, and 1-I:i l lwood Proper. 3_v Company ( "REC" ) acting by and through its President . Whereas, the City and the State of Texas propose to enter into that certain "Agreement--federal Innovative Projects,,dated 19— -_--, attached hereto as Exhibit A and incorporated herein_ by reference ( the which agreement addresses the duties and obligations the City and the State of Texas with respect to the construction � Of a diamond interchange at Interstate Highway T-35W and Hillwood Boulevard within the corporate limits of the City (such interchange, excluding frontage roads , referred to as the Whereas. the City and certain parties related to HPC (ee �h an wnek,,) have entered into that certain "Tax Abatement Agreement" between the City of Fort Worth and the Owners ., dated _ 1994 Aqr_e� �n ,. —. (the "Axaterl� nt. pursuant to which the City has gr,-Inted a ' tax abatement to each Owner, which agreement is conditioned on HPC ' s agreeing to execute this Agreement ; and Whereas, the City and HPC> r't'es; re to set forth the trms and conditions of HPC " s eagreernt�:sf to City' s fund certain of the> y payment obligations under the Project Agreement for Phase 1 Project . the NOW THEREFORE, for good and valuable Consideration the receipt and adequacy of which are hereby ack;zowledged, HPC and the City agree as follows : 1 . HPC agrees to pay the following costs and expenses (but only the following costs and expenses) that the City is or becomes obligated to pay under the Project Agreement` (excluding , however, amendments hereto unless a writing by HPC) for the Phase i Project : y pproved in ( 1) Design (2) Engineering; (3) Construction; (4) Utility relocation, adjuscme<<t or removal ; : 5) Rig11t-of-P]ay and Easemen+ Acquisition ( including acquisition related activirie.$) ; ( 6) Engineering Review, col?st:ruction management , and administration by thc. Te,>as Departmeljtt of Transportatio!! ; and - ( 7) Environmental remediation and Mitigation . Durk tau;, I i (All of the foregoing collectively referred to as the se 1 "Pha GSZSq„ ) Except _ for HPC ' s obligation to pay tiie Phase- 1 Costs , HPC shall have no liability or obligation whatsoever- fcr ( i) any additional duties or obligations of tine City under the Project Agreement, or (ii) any breach by the City of its duties and obligations under the Project Agreement . 2 . Notwithstanding any provision in this agreement to the cntrary, ( i) both HPC and the City must approve all commissioners ' awards in any condemnation proceeding, and any party not approving any such commissioners , award shall have the right: to terminate its further obligations under this Agreement ; (ii ) HPC shall not be required to pay any costs for right-of-way acquisition until such time as federal funds under the Project Agreement have been irrevocably committed in a manner reasonably satisfactory to the City and HPC; and ( iii) HPC shall not be required to pay more than $2 , 500, 000, pursuant to this Agreement . 3 . HPC shall dedicate, at no cost , all right-of-way e °ned 'sir HPC and requij_ed by the 'Tex as Department of Transportation for the Phase I Project, provided, however, such dedication shall include an automatic: and unconditional reversion of the property to HPC, if federal funds under the Project Agreement have not been irrevocably committed ('in a manner reasonably satisfactory to the City and HPC) by December 31, 1995 4 . HPC shall have the right to manage, can behalf of the City: all right-o£--way acquisition activities; provided however, all such activities must be in accordance w.—C.1',, standard City policies . The City agrees to 'cooperate fully with HPC, including the exercise of the City' s power of eminent domain as may be approved and authorized by the City Council of tine City . 5 . HPC shall secure its financial obligations under this Agreement through the pledge of government securities in the minimum amount of $1, 833 , 273 , which pledge shall be pursuant: to the terms and conditions of the Pledge Agreement attached hereto as Exhibit "B'° EXECUTED this day of City. 1994 , by the EXECUTED this .-- day of -- — -, 1994 , by HPC. ATTEST: C 1 TY OF FORT WORTH, TEXAS —- ---- ---- By: Ci.ry Secretary City Manager` APPROVED AS TO FORM AND LEGALITY Citv Attorney Date: HII.]G6ITOOD Pffi OPERTY COMPANY, a Texas corporation BY: Richard C . Patterson President (Attached . I a'r. ' i :,- 1 Oil AWb A 641 a pq , c - = u r E /V 1 �. , cn JL 'I } i 2 [Attached. ] i i ;a x a s 5 a e s' i i i i D-.1 NNI 7F oil 1 F 4 i a - S it li � �--- w i • y z o O VA 6+ iIBIT-J2. FUNDING AG.REFMEN 4 1 C;t?RR s LL:2fip5 EXHISIT ID" to Tax Pbatement Agreement This Funding Agreement (the ': C ae.MaTj�t.°") is entered into between the City of Fort Worth, Texas (the "C ") , acting by and through its City Manager, and Hillwood Property Company (`'3kC") acting by and through its President® Whereas, the City and `-he State of Texas propose to Plater into that certain "Agreements-Peda,;�l Innovative Pro ects" dated �. 19._M_, attached hereto as Exhibi A and .: I ncorporated herein by refan;zence (the which agreement addresses the duties and obligations of the City and the State of Texas with respect to the construction a of a diamond interchange at Interstate Highway 1-35W and H;illwood Boulevard r• ithin the corporate limits of the City ' (such interchange, excluding frontage roads, referred to as the "E!hase 1 Project") ,• Whereas,, the City, and certain parties related to HPC ' (each an " r,.) have entered into that certain "Tax Abatement Agreement" between the City of Fort Worth and the owners, mated 1994 (the 31Ah_a±p P AgregULeDt.") , pursuant to which the City has granted ,a tax abatement to each 'Owner, which agreement is conditioned on HPC's agreeing to execute this Agreement; and Wherea s, the City and HPC; (,11eesire to set forth the terms and conditions ; of HPC' s agreement to fund certain of ' the City's payment obligations under - the Project Agreement for the Phase 1 Project,, NOW THEREFORE, for good and valuable consideration the receipt and ' adequacy of which are hereby acknowledged, ;HPC and the City agree as follows 1 » HPC agrees to 'pay the following costs and expenses (but only the foi.lowing costs and expenses) that '-he City is or becomes obligated to pay under the Project. Agreement (excluding, however, amendments thereto unless rippraved in writing by HPQ for the Phase 1 Project: (1) Design; (2) Engineering; (3) Construction; (4) Utility relocation, adjustment or removal ; (5) Right-of -Way and Easement Acquisition (including acquisition related activities) ; (e) Engineering Review, construction management, and administration by the Texas Department of Transportation; and Environmental remediation and mitigation. (All, of the foregoing collectively r€aferri.)d to as the Except xor HPC° s obligation to pay the PJAase i Costs, HPC_ shall have no liability or obligaLic�a. .had soeve.r for (i) any additional duties or obligations of the City under the Project Agreement, or (ii) any breach by the City of its duties and obligations under the Project Agreement . 2 . Notwithstanding any gr-ovisi j., in this Agreement to the contrary, (i} bath HPC and the City muse approve all r coa),Tli:ssioners® awards in any condemnation proceeding, y psirt , not �, a�ttl ara y approving any such commissioner,.%- " award shall have t the right to terminate its firther obligations under this , Agreement`, (ii.) HPC shall not be required to pair any costs for right--of-way acguisitiog, until such time as federal funds under the Project Ag:.eement have been :irrevocably committed in a manner reasonably 3ati.sfactory to the City and HPC;, and (iii) HPC shall not be required to pall more than $2,500, 000 pursuant to this Agreement. 3. HPC shall dedicate, at i o cast, all right-of-way owned by HPC" and required by the Texas Department of Transportation for the Phase i Project; providted, however, such dedication shall include an automatic and unconditional' reversion of the property to HPC; if federal funds under the Project Agreement have not been irrevocably committed (in a manner reasonably satisfactory to the City and HPC by December 31, 10-995 . 4 HPC shall have the right to manage, on behalf of the City, all right--of-way acquisition acti.vities'; provided, however, all such activities must be in accordance Frith standard City policies . The City agrees to cooperate fully with HPC, :including the exercise - of the City' s power of eminent domai:-a as may be approved and authorized by the City Council of the City. 5 . HPC shall secure its financial obligations under this Agreement through the pledge of government securities in the minimum amount of 1, 033,273, which pledge shall be pursuant to the terms and conditions of the Pledge Agreement attached hereto as Exhibit "B" . city. EXECUTED this day of 1.994 , by the -- __._._. , EXECUTED this day of 1994, by ifpc. By: City Secretary City Manager_ APPROVED Aq To pORM AND LEGALITy. i y Attorney Date: If PROPERTY COmpAny, a Texas corporation BY, Richard G. Patterson President OWN(p L:2608 3 MAXIMUM 'VAX ABATEME14T i .l DORRILL:2605 NOTICE CORM NOTICE ..F TLIPPOVEMENT TJA"L,?PYTNc�.� FOR TAX ABATEMENT To, City Manager 1000 Throckplorton Street Fort Worth, Texas 7610 hereby v 4xtr. t a t t`he mPEOvent8rat described xaa�a EX''bit A �l�d a: � Fort "ImProvement") has been completed, and that 4. (the entitled to an 3ba t-ement under the 1.ax Abatemen't Agreepaieblt, by and among the city of Fort [for b y %�i I:iwoot T ,, Ltd. , et ax, i c �313aan Airport, Ltd. , respect to such Improvement, beginning �_raAttle 19 tax yea with ._� , ;dear, s 5� E�Sd.4�a;.eery I s 5 LISTED PARrZ ' The t "Ll steel Ra r t entities. Alli aric� Partrl�r� ��� aalc��s�e� each, ®f the �U11owin s t�l l i ante Gateway �P�. � Ltd. , Alliance Gateway �!�' � � AlAi<�ricta , Ltd. , ,Alliallcg c�at��aa , l..t �. Alliance Gata wal , Alliance G�t6way No' � , Alliance G�te���� No. y Ltd. , Alii.�3nc.e Gatecv� , Ltd. . �, r Ltd. , Al�.aarsc:e , Ga��t,ra y Inca. S, Ltd. , A .BSaY1C �GaC}� Center �, y AJ. Xf), iatd. v Ltd. , Alliance Tet:h Gentr No, Alliance "i�ec.�l dent Center Ica. �d Ltd. ® lI iaa ce Tech Center Rio. 5, Ltd. , Alliance Tech Center �xn, rax 7, Ltd. Alliance Tech �§ J 2-a n°'i'. .1.84'%2 v di L a Center No- Center r;, L3, L-.d, , Al:�a.a�It �'ech 9, I�td. r `Atliance Tech CeYlt�� Air, Partners, Ltd. , ii:.l:lwood Holdin Yr Ida. 10, Ltd. ,, Alliantr Property C Company. � Cc x � crn ar< carataoal and HiI.lwcaod i t?t)RR t t.i.,260 ti 4 OFHCE OF THE CITY ATTORNf:Y THE CITY OF FORTWORTA ;CND THRc3CKM0RTON FOR-I"WORTH,TEXAS 76102 (817)Y'r1 Yoco - INTF-RiA'ppicE i•`.JLRREbrw"S"`IJnEV Er??CE _ DATE: January 4, 199 s TO: Paul cai,n w rno Mic Development �s , y Assistant stant City At•tc►rney : � Execution Copies Of H%1.'lwood T&c AbateaFunding Agreement, and Pledge Aaeenroxt ert Agreement, B y have re--ewed ,the mass quant;t ies of P a e r You delivered this A.M. and have figured <aut how theee' should be file bar the he City 1. The, attached two execution copies �� the Agreement (T AA) signed and dated 12 x;? Tam. agent form,, including than Exhibits � 1/94 are .gin complete :tad final needed to include a co �a�� one t ia�ae, �; thought that we of the Pr+aaect . e and the State eye a.n exhibit to Exhibit gD of he between the City Y 3 oxager teei ghat it is necessary) P but I no The two execut,:ion copies of the TAA eho-u1d. be attestF�ci b City Secretary, assigned a contract nu��aer, and one co y the fi3 ed a>rnd the gather sent back to J § ,�. py Should be I need a xerox copy of the tiled III 2. Thexc were two execution coples of the F urdina Agreement axed. three executi.o�a capi es off: the Pledge � g ee�rient {k°A� and signed on 12/2:3/94 by the City.. S,� Agre�,lneti� (�'�� sUb-ii.tted the FA, I see no need to file it under nce tileaPA is Exhibit B to in the f SC. 1 have therefore repi..aced the rn niter to the two exec•:aa�ti(.)n cc�aies of tsr.� s�� with ���a�xexe°✓c�a�edxco�i.�:s of tkne PA (mn.�nd added a �<,ve3_ page-- identify., �sla;wzn az Exhibit p� f ss ThRr two executed FA ,S, should Ae�' aJ attested by .0 Ma A wit, t,?, the '..6- ,.Tip.a.� ti."-1 e �° � bl number g� tkl'e it is�t�9.ce'?�_aq{Secretary, _a ( � PY9 y�A contract ¢� :. � BA the ,�( . `?1�Y.ie U these should",�b.tLF Cpv,1 :}.?igh-Aed one con 1r.A.act � .returrnad is Jeff_ Do'r.r�il , along with thxR A fi,;d and the other Pledge Agreement— 1 g "Plird exe-L.,uted copy of Lhe - 1 I I r`3' ��� ,�,mf"am"'!yy �� �. d .F,� �a q. �•��•4/sit fi �7. f a- way, cbUncir : NAME, t 2/1 i /74 G-10912 UR, TECT APPROVAL or TAX ABATEMENT AGREEMENT FOR PROPERTY IN REINVESTMENT ZONE 18 V4fl1FH 'VARIOUS LIMITED PARTS ERS'°HIP FOR WHICH a ILLWO OD HOLDING CORPORATION IS THE GENERAL PARTNER ANID APPROVAL OF FUNDING AND PLEDGE AGREEMENTS WITH HILLAVOCD PROPERTY COMPANY AND NATI NSBA!,' OF TEXAS, N.A. � It is recommended that the City Councii take the follows~ig regarding gardirtg propased " developments by 1-141 uond Holding Corporation as general partner en behalf of several limited E paartner hips: 1 : Find that the improvements sought are feasible and practical and would be a ber:efit to the ?` i land and to the City after the expiration of the tax abatement agreement, and 2• Find that the terms and c onditions of the Agrr;ement and the property subject to the Agreement meet. the requirements of the City's Policy Statement for Tax Abafement to Qualified Commercial Indusvial Projects as established in !'2ii&t— G-9945 adopted by the City Council on December 3, 1992 ("the Policy"), and k� 3 Find that written nonce of the City's � y's intent to enter into the attached Tax ,abatement , Agreement along with copies of the Agreement were delivered by certified snail to all affected taxing units in accordance with state law, and 4. Authorize the City !":.Manager to execute the Tax a- ba e t..ment Agr eem..nt with the .propaert ys ! owners iisced below in a^cordancF with the Policy and state iavv, and 5. Authorize the City Manager to execute the attached Funding Agreement with Hillwood { Property Company, and 6. Authorize the City Manager to execute the attached Pledge Agreement with I-Iillwood Property Company and Nationsraank of Texas, N.A. y0 The property subject to tax abatemenT is locz ted enlireiy vvirhin Reinvestment Zone 18. The woposed tax anaterzteng would authorize one hundred r ;z cent (100%) abatement of the ,ncrea rn in valuation rasuffilnc irorn rYal property imProverT?ent ,*ithi;-i The reinvestment zone area for an amount equal to th] lesser of (a) $2.5 miiiiGn, ,-)r '(,b) the actual cost of the city's participation, funlded by Nilluvood Pror)erty C;omoany, in con<,ruction of the Millwood interchange on 1-35W in north f=ort Worth. l 1, UlY 3d'f Af ay C G-1 "7 a of 2 F'oa o,A! OF�TAX ABATEMENT 9 S"" AGPEENIEah t OR PROPERTY jt4 n�:�o���e a av►6�$R ® i ZONE IS WITH VARIOUS I ITE aaA- 'FNFRSH;1'_ ( 4 HiitW D OLDINia CORPORATI N 13 THGENERAL F s4Ti4ER ,AN:) APb Pe'ROVAL � F FUNNING AND l PLEDGE AI~I�EHAEIiI'3 S W;,,'a lsl1LLVeaGQD PROPERTY �COMPANY AND NATIONSBA llK � OF °EXAS, N,A. The tax abatement is contingent upon execution of a funding a rt:azrn;prit between the City of�:Ort Worth and 11-111wood in which Hillwood covenant a deg fund certain C ty :acts for construction of Thais intercha4 nge. The property owners which are parties to the tai abatarnent agreement are as ¢cIIow . Alliance Airport, Ltd. 6II1 wcs:df 2' 500, Ltd. l He itage Retail Pirtners I, Ltd. Hillwood 1, Ltd, I- ilwcod/Freevvay Ltd, � Finland Partners Ltd. I-lill c�r��i/'1 7, tcx, Aliiance Gateway No. 1, Lt-1. Hilfwoadfl 24„ Ltd. Hilleooa/?358, Ltd, Alliance Tech, Center No. 2, Ltd. RISCA lINF0Ei~AIA 100&ERTIFIQA° aQ N. The Director of Fiscal Services certsfies that no eype nditure of_City funds is required for thaw: 8T:l � t sub maitted for city markaf Ee 15 ",rNi9 � ACCOUNT i�����--- _•� m �>. - �;1a ih�a� My SECRETARY Mike Grm.,itr 614 � II -�---W...�. _ q 1P� ,i(�8{��f a Ors","inatirg DeTnrtment Fe3d: ?-._ .. e � ..s. . a d I! I tom,,O)U I Tnraa Higgins b I�C ..l�.-.�..�.a.��...�s,,...,� �..,�.�.. ;`� << •� �(from'r F'or Additeorx.f± aat'aarma;6atg Turn R'v n. -pm Prunr�5 on'eC1CNed 7AjW