HomeMy WebLinkAboutContract 28112ci�Y ��������
STATE OF TEXAS § �C?l�T�A�"� � , O� � � ��
COUNTY OF TARRANT §
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TAX ABATEMENT AGREEMENT FOR PROPERTY LOCATED IN A
NEIGHBORHO�D EMPOWERNiENT ZONE �
This TAX ABATEMENT AGREEMENT ("AgxeemenL") is entered into by and
between the CITY OF FORT WORTH, TEXAS (the "Ciiy"), a home rule municipal
corporation organized under the laws of the State of Texas and acting by and throtzgh
, its duly autharized Assistant City Manager, and the Fort Worth
Housing Finance Corporatian, a non--profit housing development
carporatianT ("Owner"), acting by and through 7erame Walker, its duly
authorized Owners' Representative.
The City Council vf the City of Fort Worth (`�City Cou.ncil"j hereby finds and the City
and Owner hereby agree that the following statements are true and correct and constitute the
basis upon which the City and Owner have entered into this Agreement:
A. Chapter 37$ of tha Texas Lc�cal Governrnent Code allows a municipality to create
a Neighborhood Empowerment Zone (NEZ) if the m�nicipaIity determines that
the creation of the zone would promote:
1. The creation of affordable housing, including manufactured housing in the
zane;
2. An increase in econornic development in the zone;
3. An increase in the quality of sacial servic�s, edueation, ar public safety
provided ta residents of the zone; or
4. The reliabilitation of affordable housing in the zone.
B. Chapter 3'78 of the Texas Local Go�ernment Code provides that a municipality
that creates a NEZ, may enter inta agre�ments abating municipal property ta�ces
an property in the zone�
C. On ]uly 31, 2001, the City adopted basic incenti�es for praperty owners who own
property lacated in a NEZ, stating that the Gity elects to be eligible to participate
in tax abatement and including guidelines and cr�teria gov�rning tax abaternent
agreements c�ntered into between the City and variaus third parties, titled "NEZ
Basic Incentives" ("l�EZ Incentives"), which is attached hereta as Exhibit "A"
and here�y made a part of this Agreement for all purposes. •
D. The NEZ Incentives contains appropriate guidelines and criteria gav�rning tai.x
abatement agreements to be entered into by the City as contemplated by Chapter
312 of the Texas Tax Code, as amended (the "Code"). .
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E. On September 11, 24Q1, the Fart Worth City Council adopted Ordinance No.
147b7 (the "�rd.inance") establishing "hieighborhood Empowerment
Reinvestment Zone No. 1," City of Fort Worth, Texas (the "Zone"}.
F. �wner owns certain real property Iocat�d entirely within the Zone and ihat is
more particularly described in ExhibiC "B", attached hereto and hereby rnade a
part af this Agreement far all purposes (the "Premises").
G. Owner or its assigns p�an to construct the Required Impravements, as defined in
Section 1.1 of this Agreement and as described in Exhibit "C", on the Premises to
be used for as a single-family residence that will be owner aecupied. (the
"Project"). -
H. On Septe�nber 28, 2001, Owner submitted an applica�ian for NEZ incen�ives and
tax abatement to the City concerning the conternplated use of the Premises (the
"Application"}, attach�d hereto as Exhibit "D" and hereby made a part af tha�
Agreemem for all purposes.
I. The City Council finds that the contempiated use of the Premises, the Required
Improvements, as defined in Section 1.1, and the Cerms of this Agreement are
consistent with encouraging development of the Zone in accordance with the
purposes fnr its creation and are in compliar�ce with the NEZ Tncentives, the
Resolution and other applicable laws, ordinances, rules and regrxlatians.
J. The City Council finds that the terms of this Agreement, and the Premises and
Required Improvements, satisfy the eligibility criteria of the NEZ �ncentives.
K. Written notice that the City intends �o enter into this Agreement, along with a
copy of this Agr�emant, has been furnished in the manner prescr�bed by the Code
to the presiding officers of the governing bodies of each of the taxing units in .
which �he Premises is located.
NOW, THEREFORE, the City and Owner, for and in consideration of the te�ns and
conditions se� forih her�in, do hereby contract, c.ovenant and agree as follows:
1. OW�iER'S COVENAI�TS.
1.1. Real Propertv Imnro�ements.
Owner shalI construct, or cause to he construcCed, on a�d within the Premises
certain impra�ernents cansisting af a single famiIy residence, (i) of at least 1,2Q0 square
feet in size, and (ii) having a construction cost upon cornpletion of $ 60,OQ0 including site
dev�;topment costs but s�ch minimum construction costs sha�l be reduced by any
construction cost savings (collecti�ely, the "Required ImproWG���s"). 'f7��ter 5�a11
prayide a survey of the completed home showing Required �nprov�ix�e1���. ���fo� [�l�e
home is sold. The parties agree that the final survey shall be a p�u�t ���t�i�� ��r.e�ma�t asad
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shall be Iabeled Exhibit E. Minar variations, and more substantial variations if approved
in writing by both of ti�e parties to this Agreement, in the Required Improvements from
the description provided in the. Application for T,ax Abatement sha13 not cvnstit�te an
Event af D�fault, as defined in Section 4.1, provided that the conditions an the first
sentence of khis Section 1.1 are met and the Required Irnpra�ements are used for the
puzposes and in the manner described in Exhibit "D".
�.�. Comnletaon Date of Required Yin�ravements.
Owner covenants to substantially cornplete construction of all of the Required
Lnprovements within two years from the issuanee and receipt of the building permit,
unless delayed because of force majeur�:, in which case khe two years shall be extended
by the number of days comprising the specific force Frtajeure. For purposes of this
Agreement, force� majeure shall mean an event beyond Owner's re�sonable control,
including, without limitati�n, delays caused by adverse weather, delays in receipt of any
re�uired permits or agprovals from any governmental authority, or acts af God, fres,
strikes, nationa� disast�rs, wars, riots and material or labor restrictions and shartages as
determined by the City oi Fart Worth in its sole discretion, which shall not be
unreasonabIy withheld, but shal� not includ� construction delays caused due to pu�ely
financia� matters, such as, without Izmitation, delays in the obtaining of adequate
financing.
1.3. Use of Premises,
Owner covenants that th� Required Improvements shall be constructed and the
Premises shall be sold so that it is continuousIy used as the primary residence of the
Home Buyer in acc�rdance with the description oi the Project set forth in Exhibit "D". In
addition, Owner covenanis that tl�'oughout the Term, the Required Impxo�ements sha�l
be operated and masntained for the puiposes set forth in this Agreement and in a manner
that is consistent with the general purposes of encouraging development or
redevsloprnent of the Zone.
2. ABATEMENT AMOUNTS. TERMS AND CONDITIONS.
Subject to and in accordance wi�th this Agreem�nt, the City her�by grants to Owne� a rea]
property tax abatem�nt an the Premises, the Required Irnp:roveme:nts, as •specifically pravided in .
this Section 2(��Abatement"}. "Abatement" of rea] property taxes only inc�udes City af Fort
Worth-imposed taxes and not taxes from other taxing entities.
�.1. Amount af Abatement.
The actual amount of the Abatement granted under this Agreement shall be
based upon the increase in value af the Premises and the Required Impro�ements over
th�ir values on January 1, 2002 and accai�ding to the Tarrant Appr�i�a� �;�;��t, this
amount is $1,040 the year in whict� this Agreement was ent�rea���ntr�:
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One Hundred perc�nt (1DQ%) a� the increase in value from the
conskruction of the Required Improvements.
If the totaI constructiot� costs of the Required Trtmprovements are less thaza as
pro�ided in Sec�ian 1.1 of this Agreement, except that such rninimum construction casts
shall be reduced by construction cost savings, Owner will not be eligible to receive any
Abatement under this Agreement.
2.2 Term of Abatement.
The term of the Abatement (the �"Term"} shall begin on ranuary 1 of the
year following �he calendar year in which the Required Improvement is sold to a
Home Buyer ta be u�ed as its primary residence (`B�ginning Date"}_and, unless
saoner terminated as herein provided, shall end on December 31 immediateIy
preceding the fifth (S`h} anniversary of the Beginning Date. Upon th� sale to a
Home Buyer, City shalj certify Chat the Required 7�npravements have been
completed in satisfaction of the terrns of this Agreement.
However, the Cornpliance Auditing Term will begiri on the date this agreement is
executed and will end on the expiration date of the Term.
2.3. . Protests Over Appra�sals or Ass,�s,sments. '
Owner shall have the right to protest and contest any or all appraisals or
assessments af the Premises and/ar irnpro�ements thereon.
2.4. Abatement Anplication Fee.
The City acknowledges receipt from Own�r of the required Abatement
applicadon fee of twenty-five dollars {$25,00).
3. RECORDS. CERTIFICATION AND EVALUATION OF PROJECT,
3.1. I�asnection of Premise,s,
Between the executian date of this Agreement and Che last day of the Term, at any.
time during construction of the Required Improvements and following reasonable notice
ta Owner, the City shall have and Owner shall pz'ovide access to the Prem.ises iri order far
the City tfl inspect the Premises and evaluate the Required Improvements to ensure
cornpliance with the �terms and conditions of this Agreement. . Owner shall cooperate
fully with the City during any such inspection andlar e�aluation. �_
3.�. Certiiication
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Praperty Owner, and Horne �uyer once �he property is sald, .shall certify annually
to the City that it is in compliance with each applicable terrn of this agreement. The City
shall have the right ta audit at the City's expense the financial a�d business records af
Owner that rela�e to the Construction af the Project and Abatement terms and conditions
(collec�ively, the "Records") at any time during the Cornpliance Auditing Term in order
to determine compliance with this Agreement and to calculate the con.rect percentage of
Abatement available to Owner. Own�r sI�all rnake all applicable Records available to the
City on the Premises or at another location in the C�ty follawing reasonable advance
notice by the City and shall otherwise cooperate fully with the City d�tring any audit.
3.3. Provision of Information.
On or before February 1 following the end of every year during the Compliance
Auditing Term and if requested by the City, Owner shall grovicle in�orma�ion and
documentation for the previous year tha� addresses Owner's compiiance with each of the
terms and conditions of this Agreement f�r that calendar year.
Failure ta provide all infor»aation within the control of Owner required by this Section
3.3 shall canstitute an Event of Defauit, as defined in Sectiora 41.
3.4. D�termina�ian of Compliance.
On or before August 1 af each year during the Complianee Auditing Tern1, the
City shal� make a decision and rule on the actuaj annua� percentage of Abatement
available to �wner For the following year of the Term and shaI.l notify Owner of such
decision and ruling, The actual percentage af the Abatement gran�ed %r a given y�ar of
the Term is therefare based upon Owner's campliance with the terms and conditions of
Chis Agreement during the previous year of ihe Compliance Auditing Term.
4. EVEl�iTS OF DEFAULT
4.1. De�ined.
Unless otherwise specified herein, Owner shall be in default of this Agreement if
(i) Owner fails to construct the Required Improvements as dc:fined in Section 1.1; (ii) ad
valorem real property Ca�ces with respect io the Premises or the Project, or its ad valorem
taxes wiih respect to the tarjgible personal property located on the Premises, became
delinquent and �wner does not timely and properly follow the legai procedures for
protest andlor cantest o� any such ad valorem rea� property ar tangible personal property
taxes or (iii) HQme Buyer does not use the Premises as primary residence ance ti�e
abatement begins (collectiveiy, each an "Event of Default").
4.�. I�lotice to Cure.
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Subjeet to Sectian 5, if the City determines that an Event �f Default has occunred,
the City shall pro�ide a written notice ta Owner that describes the nature of the Event o�
Default. Owner shall have ninety {9Q) cal�ndar days from the date of receipt of this
written notice ta iully cure or have cured the Event of De�ault, If Owner reasonably
believes that Owner will require additianal time to cure the E�+ent af Default, Owner shall
promptiy notify the City in writing, in which case (i) after advising the City Cauncil in an
ap�n meeting of Owner's effarts and intent ta cure, Owner shall have one hundred eighty
(180) calendar days fram the original date of receipt of the written natice, or {ii) if Owner
reasonably believes that Owner will require rriore than one hundred eighty (180) days to
cure the Event af Default, aftez' advising the City Council in an open mee�ing of Owner's
efforts and intent to cure, such addrtianal time, if any,, as rnay be affered by the City
Coancil in its sole discretion. �
4.3. Termin�tion far E�ent of De�ault and Pavment af Liquidated Dama�es.
Tf an Event of I?efault which is deiined in Section 4.1 has not been cured within
the time frame specifically allowed under Section �4.2, the City shali have the right to
terminate this Agreement immadiately. Owner acknowiedges and agrees that an uncured
Event af Default will (i} harm �the City's economic develapment and redeveiopment
e�forts on the Premises and in the vicinity �f the Premises; (ii) require unplanned and
expensive addstional administrative o�ersight and involvement by the City; and (iii)
otherwis� harni the City, and Owner agrees that the amounts of actual damages therefrom
are speculative in nature and will be difficult or impassible to ascertain. Therefore, upon
termination of this Agreement for any Event af Default, �wner shall not be eiigible far
the Abatement far the remaining Terrn and Owner shall pay the City, as liquidated
damages, all taxes that were abated in accordance with this Agreement for each year
when an Event of Default existed and which otherwise would have b�en paid to the City
in t�e absence of this Agreement. The City and Owner agree tha� this amount is a
reasonable appraximation af actual damages that the City wili incur as a result of an
unc�red E�ent of Default and that this Sectian 4.3 is intended to pro�ide the City with
campensation for actual damages and is nat a penalty. Tnis ainount may be recovered by
the City through adjustments made to �wner's ad valarem property tax ap�raisal by the�
appraisal district that has jurisdiction over the Premises. Otherwise, this amount shall be
due, owing and paid to the City within sixty (60} days following the effectiv� date of
termination of this Agreement. In the event that all or any por�ion of this amount is nat
paid to the City within sixty (b0) days following the effecti�e date of termination af this
Agreement, Owner shall also be liabl� far a�] penalties and interest on any outstanding
amount at the statutory rate for delinquenk taxes, as determined by the Code at the time of
the payment �f such p�nalties and interest (currently, Section 33.Q1 of the Code).
4.4. Termination at Will.
If t�e City and Owner mutua�ly determine that the d��elopr�rient or use of the
Premises or the az�ticipated Required Tmprovements are n� longer appropriaie ar feasible,
or that a higher or better use is preferable, the City and Own�r may te�-nnir�,��� +u:���
Agreement in a wnttcn format that is signed by bath parti�s. In thi� event, {i) if ��c: T`���'i
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has comrnenced, the Term shall expire as of the effective date of the ternunation of this
Agreement; (ii} there shal� be no recapture of any taxes previously abated; and (iii)
neither party shall hava any further rights or obligatians hereunder.
5.
6.
City•
EFFECT OF SALE OF PREMISES.
The Abatem�nt granted hereundar shall vest only in Owner and cannot be
assigned to a new awner of all or any portion of the Premises and/o� R�quired
Impro�ements without the prior written consent of the City Council, which cansent shall
not be unreasonalaly withheld provided that (i) the City Council finds that the prnposed
assignee is fis�aneially capable of ineeting the terms and concli#ions of this Agreement and
{ii} tt�e groposed purchaser a$ress in writing to assume all terms and conditians of Owner
under this Agreement. Owner may nat atherwise assign, lease or convey any of its rights
under this Agr�ement. A�y attempted assignment without �he City Cauncii's prior
written cansent shall canstitute grounds for terrnination of this Agreement and the
Abatement granted hereunder following ten {lq) calendar days of receipt of written
notice frorn the City to Qvvner.
In no even� shall the abatement texm be e�tended in the event a£ � subsequent sale
ar assagnment. �
1�iOTICES.
All written�natices called for or required by this Agrcement shaIl be addressed to
the following, or such other party or address as either party designates in writing, by
certified mail, postage prepaid, ar by hand de�ivery: �
Owner:
City of Fort Worth
Attn: City Manager
1.000 Throckmorton
Fort Worth, TX 761a2
7. NQSCELLANEOi3S.
7.1. Bonds.
Fort Wort� Housing Finance Corporation
I000 Throckmorton
Fort Worth, Texas 76142
The Required improvements wi11 not be finance;d by tax increment bonds. This
Agreement is subject to rights of holders of �utsta:ndin.g bonds of th� City.
�.2. Cbnf�icts af Interest.
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Neither the Prernises nar any �o� the Required Irnpz'ovements covered by this
Agreement are owned or Ieased by any member of the Gity Council, any member of the
City Pianning or Zoning Comrnission or any member of the govarning body af any taxing
units in the Zone.
i.3. Conflicts Between Documents.
In the event of any conflict between �he City's zoning ordinances, or other City
ardinances or reguIations, and this Agreement, such ordinances or regulations sha.Il
controi. In the event of any conflict between the body of this Agreernent and Exhibit
"D", Che body of this Agreernent shali cantroi.
'�.4. Future Analication.
A portion or all of the Premi�es� and/or Required Tr�provements may b� eligible
for complr;te �r partial exemption from ad �alarem taxes as a result of existing law or
future Iegislation. This AgreeYn�nt shall not be � construed as evidence �i�at such
exemptions do not apply to the Premises and/or Required I�nprovements.
'�.5. Ci�v Council Authorization.
This Agreement was authorized by the City Council through approval of Mayar
and Council Communication No. on , which, among other
tt�ings, authorized the City Manager ta execute this Agreement on behalf of the City.
7.b. Estoppel Certif Cate.
Any party hereto m�y request an estopp�l c�rtificate from another party hereto so
long as the certificate is requested in connection with a bona fide business puzpose. The
certificate, which if requested will be addressed ta the Owner, shall include, but not
necessarily be �limited to, stateme�►ts that this Agreement is in fu]I force and effect
without default (or if an Event of Default exists, the nature of the Event of De�aulf and
curative action taken and/ar necessary to effect a cure), the remaining tertn of this
Agreement, the levels and remaining term af th� Abat�rnent in effect, and such other
matters reasanably requested by the party or parties ta receive the certificates.
'�.'�. Owner 5tandin�.
Owner shall be deemed a proper and necessary party in any litigation questioning
or challenging the vaiidit�r of this Agreement or any of the underlying laws, ordinances,
resolutions or City Council actians a�thorizing this Agreem�nt, and Owner shall be
entitled to intervene in any such litigation.
7.8. Venue and Turisdictian.
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This Agreement s�all b� construed in accordance with the laws of the State of
Texas and applicable ardinances, r�les, regula�zans ar policxes o� the City. Venue for any
action under this Agreement sYtall lie in the State District Caurt of Tarrant County, Texas.
This Agreement is performable in Tarrant County, Texas
7.9. Recordation.
A certified capy of this Agreement in recordable form shall be recorded in the
Deed Records of Tarrant County, Texas.
7.10. Severabilitv,
If any provision of �his Agreement is held to be invalid, illegal or unenforceable,
the va�idity, legality and enforceability af the remaining pro�isions shall not in any way
be affected or impaired. � �
7.11. Headings Not Contrallin�.
Heaclings an.d titles used in this Agreement axe for reference purposes only and
shall nat be deemed a part of this Agreernent.
i.12, �ntiretv of A�reement.
This Agreemenk, including any exhibits attached hereto and any documents
incorporated herein by reference, contains the entire understanding and agre�ment
between the City and Owner, their assigns and successors in� interes�, as to the matters
contained herein. Any prior or contcmporaneous oral or written agreement is hereby
declared nu11 and void to the extent in canflick with any prpvision of this Agreement.
This A�reement shall not be amended unless executed in writing by both parties and
appro�ed by the City Cauncil. This AgreemEnt rr�ay be executed in multiple
countexparts, each of which shall be considered an original, but all of which shall
constitute one instrument.
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EXECUTED this day of , 2002, by the Czty of Fort Worth,
Texas.
EXECUTED this Lo�day of ���n-�., ���... . 2002, by Fort Worth Housing
Financc Carporation.
CITY OF FORT WORTH:
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By: . � T� . , t �_.
-T-.
Assistant City Manager
ATTES
By: �C r ,�� �
�City Secretar
FQRT WORTH HQIIS�NG F�l'ANCE
CORPORATION: �
B y. �i.cl1/+'�-� � � ---�'°-
Jer e C. Walker
AT1'EST:
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APPROVED TO FORM AND LEGALITY:
By: .
Cy�thia Garcia
Assistant City Attorriey
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STATE OF TEXAS � §
COUNTY OF TARRAllT'I' §
BEFORE ME, the undersign�d authority, on this day personally appeared
���icL'�i�,er_�.'t-��i' , Assistant City� Manager of the CTTY OF FORT WORTH, a municipaI
corporation, known to me to be the person and officear whosc� name is subscribed to the foregoing
instrument, and acknowl�dged to rne that the same was the act af th� said CITY OF FORT
W�RTH, TEXAS, a municip�l corporation, that he was duly authorized ta perform the same by
appropriate Mayor and Council Communicatian af the City Caunci3 of the City af Fart Worth
and that he executed the same as the act of the said City far �h� purposes and consideratian
therein expressed and in the capacity th�;rein stated. ' . '
GIVEN UNDER MY HAND AND SEAL OF OFFYCE this f�'?`� day of
�(�c��en , 2002. , .
/�'��-E'.�--� /� k..�.�..��"
Nntary Public in and for
the State of T'exas
��r.���f1�6 $A��.11J�s
Notary's Printed Name
�,�p,�tY A�y
zp,� ��t ROSEL�A BARNES
��� NOTAI�Y PU���C
�p�.,�l� � State ot 7exas
�'.;� oF'�: � Camm, Exp. 03-9 i-2005
d�-�,.,,,�...,�.
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STATE OF TEXAS §
COUNTY OF TARRAI�T ' §
BEFORE ME, the undersigned autharity, on this day personally appearec� �e.- � �,-, � C f L,..�.i � e v-
��•��—� of the Fort Worth Housing Finance Corporation, a Texas non- profit corporation,
kn�rt�un to me to be the persan whose name is subscribed to the foregoing instrument, and
acknowledged to me that he executed th,e same foz' t�e purposes and consideraiian therein
expressed, in the capacity therein stated and as the act and deed of the Fort Worth Hausing
Finance Corporation.
GIVEN Y]NDER MY HAND AND SEAL OF OFFICE this ���� day
of 5��� 1..t ��.� , 2Q02.
�Ja � ��
Notary Public in and for ; _• =°= -��-- ---«�--a ---- --� .
,` ,�,,�,�r�,,. ""_ _ q
the State of Texas ;��'� � w��t�A�ul H�rvrrr' �
_ �; , MY COMMIS510N �XPIFTES
, :�.� �� JaRuary2i,20Q3�
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Notary's P�inted Nar3ae
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Exhibit A: NEZ Incentives
Exhibit B: Property Description
Exhibit C: Project description in.cluding kind, number and location of the proposed
impro�ements.
Exhibit D: Application: (NEZ) Incentives and Tax Abateinent
Exhibit E: Final Survey
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crr�r or �oR� wo��H
NEICHBORHODD �MPOWERM�MT ZON� (RlEZ) BAS�C iPlC�NiIV�S
Adapfed 6y the Forf Worfh Cify Cauncil on Ju1y 31, 2009 (M&C G-13208 R)
Amended by the Fort Worth City Council on Apri12, 2002 (M&C G-93580), July 23, 2002
(M&C G-936S2) .
I. C�iVERA� PURPOS� AN� O�J�CYN�S
Chapter 378 of the Texas Lacal Government Code allows a municipality ta create a
Neighborhood Ernpowerment Zone (NEZ) when a"...municipality determines that the creation
ot the zone would promate:
(1) the creat�on of affordable housing, including manufactured
(2) an increase in ecor�nmic de�elopment in the zone;
(3) an increase in fhe quality of sacial ser�ices, education, ar
residents of the zone; or
(4} the �ehabilitatian of affordable housing in the zone."
housing, in �he zone;
public safety pro�ided #o
The City, by adopting the following incentives, wil! pramot� afFa��able i�ousir�g and
economic devefopment irt the NEZ. NEZ incentives will not be granted after the NEZ expires as
defined in the resolution designating the NEZ. �ar each NEZ, the Gity Council may approve
additional terrns and i�centives as permitted by Chapter 378 of the Texas Local Government
Code or by City Cauncil resolution. However, any tax abatemenf awarded before the expirat9on
of a NEz s�all carry its fuil term according #a its tax abatement agre�ment approved by the Cify
Cauncil. .
�s mandated by state taw, the praperty tax abat�men# under this policy appl'res fo fhe
owners o� real praperty. No#hir�g in �he policy shall be cons�ru�d as an ob[igaf�ion by �he
City vf �ort War'rh ta a�prove any tax abafement applica#ion.
fl. �EF[1�ITlONS
"Abatemenf" means the full or par�iai exemption from City af Far# War�h acE valorem taxes an
eligib�� proper�fes for a period of uP to 10 years and an amoun� of up to 1Q0°fo of the increase ir�
appraised value (as reflected on the certifi�d tax rolf of the appropriate county appraisal districf)
resialting from improvements. Eligible prnperties must b� locat�d in the NEZ.
"Base Ualue" is the vai�e of the property, excluding land, as determined by the Tarrant Ca�nfy
Appraisal District, during the year rehabilitafion occurs.
"Building Standards Cnmmission" is fhe commission created �nder Sec. 7-77, Article IV,
Minimum B�[ildi�g 5tandards Cocie of the Fort Worth City Code.
"Caprtal lnvestmsnt" includes only real property impravements such as new faciiifies and
structures, site improvements, facility expansion, and facility modernization. Capifal Investment
does NOT includ� land acquisitian costs andlor at�y sxisting impro�ements, or personal property
(such as machin�ry, equipment, andlor suppfies and in�ent�ry}.
"City af Fart Worth Tax A,bafement Polrcy Stafement" means the policy adopted by City Council
on February 29, 2000.
"Commercial/Industrial Developmenf Project" is a de�eEopmen# project which proposes to
canstruct or rehabilitate commerciallindustrial facilities on prdperty that is (or meefs fhe
requirements to be) zaned commercial, i�dustrial or mixed use as defined by the City of Fort
Worth Zoning Ordinance.
"Comrnunity Facility Developmenf Project" is a develapm�nt project which praposes to canstruct
or rehabilifate community facilities an praperty that alfows such use as defined by the City of
Fort Worth Zoning Ordinance.
"Eligible Rehabili�at�ion" includes onfy physicaf improvements to real praperty. Eligibl�
ReF�abilitati�n does NOT incl�da persona[ property (such as furniture, applianc�s, eq�tipment,
andlar supplies).
"Gross Floor Area" is measured by taking the outside dimensians of the building at each flonr
level, except that por�ion of the basement used only for utiliiies ar storage, and any areas wifhin
the building �ased far off-str�ef parl�ing.
"Minimum Burlding Standards Code" is Ar�icle N of t�e Fort Wor�h City Code adopted pursuant
to Texas Local Gavernment Code, Ghapters 54 and 214.
"Minority Business Enterprise (MBE)" and "Wamen Business Enterprise {WBE}n is a minority or
woman owned business thai has received certifcation as eiff�er a certified MBE or certified
WBE by eitF�er t�e NortFt Texas Regior�al Certification Agency {NTRCA} or the Texas
Depar#ment of Transportation (TxDot}, Highway Divisiorr.
"Mixed-Use Develaprnent Project" is a devela�ment project which propases to consfruct or
rehabilitate mixed-use facilities in which residentia[ uses constitu�e 20 percent or mare o� the
total gross floor area, ar�d office, eating and entertainment, andlor retail sales ar�d service uses
constitu#e � 0 percent or mnre of the tatal grass floor area and is an praper#y that is (ar meets
the requireme�ts ta be) zoned mixed-use as described by the City af �'ort Warth Zaning
Ordinance.
"Multi-family Development Projec#" is a deve�opment project which proposes fo construct or
rehabilitate m�lti-family r�sidential li�ing units an property that is (or meets the requi��ments to
be) zoned muiti-family or mixed use as defined by the City af Fort Wo�th Zoning Ordinance.
"Reinvesfinent Zone" is an area designated as such by the City of Fort Worth in accordance
with fihe Property Redevelopment and Tax Abatement Act codified in GE�apter 312 af the Texas
Tax Code, or an area designated as an enterprise zone pursuant to #he Texas Enterprise Zone
Act, codifie� in Cnapter 2303 af the Texas Government Code. `
Tf�
A.
IUIUNICIP�� PR�P�RTY TAX A�AiEIWa�MTS
I��SI��F�! 1 I,�L �'RO��RiI�S LOC�Poi�b IN A NI�Z: FULL A�A��I!l��N� �OR S
Y�ARS
z
9. For residential property purchased before NEZ designation, a home�wner shall be
eligible to apply for a tax a�atemen# �y meeting fhe foflowing:
a. Property is owner-occupied and the primary residence of the homeow��r prior to
ihe final NEZ designafion. Homeowner shail provide proof of awnership by a
warranfy deed, affidavit of heirship, or a prabated will, and sha[I show proof of
primary reside�ce by homestead exemption; and
b. Homeowner must perform Eligible Rehabilita#ion on the praperty after NEZ
designafian equal io ar in excess of 30% of the Base Val�e of tt�e property; and
c. Proper�y is not in a tax-delinquent sfatus when fF�e abatement application is
submitted.
2. For residential property purchased after NEZ designation, a homeowner shall be
eligible to apply for a ta�c abatement by meeting the following:
a. Property is newly construeted or rehabilitated after fhe date of final NEZ
designafion; and �
b. Pr��er#y is owner-occupied and is fhe primary residence of the homeowner.
Hameown�r shall provide �roof of ovvr�ership by a warranty deed, affidavif of
heirship, or a probated wil[, and shall show proaf of primary residence by
homestead exempiion; and
c. F'ar Tehabilitated property, Eligible RehabiGtation costs on fhe prnperty shall be
equal io or in excess o� 30% of the Base Value of ti�e praperty_ Th� s�li�r or
own�r shall pr�vide the Cify infarmatian to suppor� rehabilitation costs; and
d. Property is nof in a tax-delinquent status when the abatement application is
submittec[; and '
e. Property is in conformance with the City �f Fo�t Warth Zoning Ordinance.
3. F'or investor owned single family property, an in�esfnr shall be eligible ta a�ply for a
tax abatement by meeting the following:
a. Property is newly consfructed or rehab'tlitated by the in�estor af�er NEZ
designation; and
b. For rehabilitated property, Eligible Rehabilitation cos#s on the properky shalf be
equal to or in excess nf 30% of the Base Value of the property; and
c_ Properky is not in a tax-delinquent status when the abatement applicatian is
submift�d; ar�d
d. Proper�y is in canformance wifh the City of Fort Worth Zoning Ordinance.
�. �IYU��ie�AMILY DEVELOPME[VT P�AJ�C�S �OCAT�� IN A fV��
1. Full Abatement for 5 years.
In order to be eligible for a pro�erty tax abatement, upon camplefion, a newly
construeted or rehabilitated multi-fiamily development project in a N�Z must satisfy
the fallowing:
At least trrvenfy percant (20°/a) of #i�e total units constructed or rehabilitafed shall
be affordable (as defined by the U. S. Departmeni of Housing and Urban
De�elopment) to persons wifh incomes at or belaw eighty percent (80%} of area
median income based on family size and such unifs shall be set aside fQr
persons at or below 80% of fhe median incoma as defined by the U.S.
Department of Housing and Urban De�eEapment. City� Council may waive or
reduce �he 20% affardability requirement on a case-by-case basis; and
(a) For a mulfi-�amily development pra}ect constructed after NEZ designaiian, the
project must provide at ]east fi�e {5j residential Iiving units OR have a
minimum Capital �n�estment ot $200,000; or -
(b) �or a rehabi[itation project, the pro���y must be rehabilitat�d affer NEZ
designation. Efigible Rehabilifatian costs an the property sf�al� be a� least
30% of fhe Base Val�te of the �roperty. S�ach Eligibfe Rehabifitation costs
must come from the rehabifitat�on of at least five (5) residential living units ar
a minimum CapitaE In�estmenf of $200,000.
2. 1%-100% Abatement o# City Ad Valorem taxes �p to 1 Q years
If an applican# applies for a tax abatement agreement with a term of mare than five
years, this section sMall apply.
Abatements tor mufti-family devefopment projects for up to 10 years are subject to
City Council approval. Th� applicant may apply with the Hausing �epartm�nt for
such abatement.
Years 1 fihrouah � of �he [ax Abaf�eme.nt Aareement
Multi-#amily projects shal! be eligible for 100% abatemenf of City ad valorem taxes
for years one through five of fhe Tax Abatement Agreement upon the satisfaction of
th� fallowing:
At least twenty percer�t (2Q%) o� fhe total units construcfed or rehabilitated shall be
afFordable (as defined by the U. S. Department of Ho�si�g and Urban Deveiopment)
to persar�s with incomes at or below eighty percenf {80°/a) of area median income
based nr� famfly size and such units shall be sefi aside for persons at or below 80% of
the median income as defined by tf�� U.S. Depar�ment of Housing and Urban
De�elopmen�. City Council may wai�e or reduce the 2Q% affordability requirement
on a case-by-case basis; and
a. For a m�lti-family cfevelopment pro�ect consfructed after NEZ designaiion, the
project m�st provide at I�ast five {5j residenfia[ li�ing units OR have a minimum
Capital Investment of $200,000; ar
b. For a rehabilitation project, #he property must be rehabi[itated after NEZ
designatiort. Eligihle Rehabilitatian costs on the properiy s�al[ be at ieast 30°/fl af
the Base .Value af the property. Such Eligible Rehabilitation cos#s m�sf come
from th� rahabilitation of at least five {�) resider�tial living units or a minimum
Capifal Investment of $200,000.
Years 6 fihrouah 10 of fhe �ax Abat�men� �areemen�
Mult9-family proj�cts shall be eligible for a 1-1�0% abatemen# of Cify ad valnrem
taxes for years six through i�n af th� Tax Abatement Agreement upan t�e
satisfactian of fihe following:
a. At least twenty percent {20%} of the tota! units constructed or rehabilitated shall
be afforciable (as defined by the U. S. Departme�t of Housing and Urban
DeWelopmer�t) ta persans wiih incames at or below eighty percent {8�%) of area
4
median income based on family size and such units sha�l be sef aside for
persons at ar belaw SO% af the median income as defined by the U.S.
Department af Housing and Urban Development. City Council may waive or
r�duc� the 20°/a affardabilify requirement on a case-by-case basis; and
1. For a mulfi-fami]y development projecf constructed after NEZ designation, the
proj�ct must provide at least fi�e (5) residential living units OR have a
minimurn Capital Investment of $200,aoa; or
2. For a rehabi�itatian project, ff�� property must b� rehabilitated after NEZ
clesignation. EEigible Rehabilitation costs on the property shall be at least
� 30% of the Base Value of the property. Such �Iigible Rehabi[itatian costs
must com� fram the rehabilitation of afi leasi five (5) residentiaE living units or
a m�nimum Capita! Ir��estment of $200,000.
b. Any other terms as City Couneil of the City of For� Wflr�h deems appropriate,
including, but nat Ifmited to:
1. utilizati�n of Fort Worth companies far an agreed upon percentage of the total
costs for co�structian cantracts; •
2. uti�izatian of certified rninarity and women owned busirtess enterprises for an
agreed upan percenfage of the total costs far cnnsfruction contracts;
3. property insp�ction;
4. cammit to hire an agreed upon percentage of Fo� Wortt� r�sidents
5. comm�t fo� hire an agreed upor� percerttage o# Central City residents
S. landsca}�ing; ,
7. tenant sef�cfEon plans; and
8. managem�nt plans.
C. COiwMERC[AL, IN9USTFtfA� ,4N� COMIV�UNCiY FAC��I�I�S 9�V�'�OF�M�I�i
�ROJ�CYS LOCAT�D II� A fV��
�. Full Abatement far 5 years.
In order fo be �ligible for a pToper�y fax abatement, a newly construc�e� ar
rehabil�tafed commerciallindustrial and commurtity facili�ies developmen� }aroject in a
NEZ must satisfy the following:
a. A commercial, indusfriaf ar a community faciEities development project
� constructed after NEZ dasignation must �ave a minimum Capital Investmen� af
$75,000; or "
b. For a rel�abilitation project, it must be rehabilitatEd affer NEZ designation. Eiigible
Rehabilitation casts on �he prc�per�y shal[ iae at least 30% of the Base Value of
the prop�r�y, ar $75,�Q0, whichever is greater. �
2. �%-100% Abatement of City Ad Valorem faxes up to 10 years
If an app�ieant ap}�lies far a tax abatement agreement with a term of mare than fi�e
years, tY�is section shail appiy.
Abatement agreements �or a Commercial, Industriai and Community Facilities
De�elopment projects far up to 10 years are subject fa City Council appro�af. The
5
applicant may apply wifF� the Econom�c and Community De�eioprrEent Depar�menf for
such abatement.
Y�ars 1 tHrouqh � of the Yax Abafiement /�areemen#
Comm�rcia�, Industrial and Community Facilities Development projects s�all be
eligible for 100% abatement af Cify ad vaforem taxes for the first fi�e years of the
Tax Abatement Agreement upon the satisfaction of tf�e following: , -
a. A commerciaf, ind�strial or a cammunity faciliti�s deveEapment project
constructed a�ter NEZ designatian must ha�e a minirrturri Capital lnvestment of
$75,OQ0; or
b. For a rehabilifatian project, it must �e rehabilitaiad after NEZ �esignafiion. EHgible
Rehabilitation costs on the praperty shall be at least 30% of the Base VaEue af
the property, or $75,000, whict�ever is gr�ater,
Year� 6 fhrouqh 1Q of the iax Abatement Aqreement
Commercial, Industrial and Comm�nity Facilities De�elopment projects shal[ be
eligibl� for 1%-100% abatement of City ad valorem taxes for years six �hraugh ien of
f[�e Tax Abatement Agreement upon the satisfaction of the following:
a. A commerciaf, industrial or a community facilities dev�lopment projec�
constructed after NEZ designation musfi f�ave a minimum CapitaE [nvestment af
$75,OQ0 and mUst meet the requiramenfs of subsec#ion (c) below ; or
b. �or a reF�abilitation praject, it must be rehabilitated aft�r NEZ designa#ion. Eligible
Rehabilitatian eosts on the property shall be at least 30% of the Base Value of
the praperty, or $75,000, whiche�er is greaier and meet the requiremenis af
subsection (c) below. � �
c. Any atY�er terms as City Counei! of th� City ofi Fort Worth deems appropriate,
including, b�tt nat limited �o:
�. utilization of �ar� Worth companies for an agreed upon percentage of the total
costs fior construction contracts;
2. t�tifizafion ot certified mFnority and wamen owned business enterprises for an
agreed upon percentage ofi the total costs for cansfruction contracts;
3. cammit to hire an agreed upon percentage of For� Wor�h residents;
4. commft to hire an agreed upon� percenfage o� Central City residents; and
5. fandscaping.
�. hAIXED�l1SF 9�V��OP�ii�NY P�QJECTS LQCAT�D I[V A N��
�. Full Aba#ement for 5 years.
In order to be eligible for a property tax abatement, upon comple�ian, a newly
constructed or rehabilitated mixed-use developm�nt project i� a NEZ must sa#isfy the
following:
a. Residenfial uses in the project c�nstitute 20 percent or more of the tatal Gross
��oor Area of the project; and -
b. DfFice, eating and entertainment, a�dlor retai� sales and service uses in the
project co�stitute 90 percent or mor� of the total Gross Floar Area of fhe projecf;
and
0
(1 } A mixEd-use devefopment project cansiructed after NEZ designafion must
have a minimum Capital Investment of $2D0,000; or
(2) �or a rehabiliiation praj�ct, if must be r�habilitated. after NEZ designafion.
Eligible Rehabilitation cos�s on the p�operty shall be .at feast 30% of tF�e Base
Value of the property, or $200,000, whichever. is greater.
2. 1%-10�% Abatement of City Ad Valorem taxes up to 1 Q years
If an applicant �ppiies for a tax aba#ement agre�ment with a term of mar� than five
years, this section shall apply.
Abafements agreements far a Mixed Use Development projecis for up to 90 ysars
are subject to City Councii appravai. The applicant may apply with. tF�e Econorr3ic and
Communi#y Devel�pment Department for such abatement.
Years 'I throuqh 5 of the iax Abateme�� Aar�emertt
Mixed Us� D�vefopmenf �projeets shall be eligible for 100% ahatement of Ciiy ad
valorem faxes for the first five years of the Tax Abatement Agreement upon the
safisfactian of the following;
a. Residential uses in the project consfitute 20 percent or mor� of th� tatal Gross
F'loor Area of fhe project; and
b. Office, eating and entertainment, andlor retail sales and service uses in the
�roject constitute 10 percent ar more of the total Gross Flaor Area of the project;
and�
c. A new mixed-us� development project constructed after NEZ designation must
have a minimum Ca�ital In�estment of $200,OQ0; or for a rehabi[itation praject, it
must be reha�ilitated after NEZ designation..Eligible Rehabilifation costs on tF�e
prope�y shall be at least 30% of the Base Value of ihe proper[y, or $2Q0,0(�0,
whichever is greater.
Years 6 thrauph 1D of the iax �ba�ement AQreemen�
Mixed Use Development projec�s shall be eligible �for 1-'f 00% abatement of Cify ad
valarem faxes �or years six through ten of the Tax Abafement Agreement upan the
satisfaction of the following:
a. Resid�ntia� uses in the project constitute 20 percent or more of the tota[ Gross
Fl�or Area of th� project; and
b. �ffice, eating and entertainment, andlar retail sales anc� service uses in the
project consfitute 9 Q percent or mvre of the totaf Gross �loor Area of the project;
c. A new mixed-use developmenf project constructed aft�r NEZ designafi�n must
have a minimum Capital Investment af $200,fl00; or for a reha�ilitation project, if
must be rehabilitated after NEZ designaiion. Efigible .Rehabilitation costs on the
property shall be at leasf 30% af tF�e Base Value of the property, or $200,000,
whichever is greater; and �
d. Any ather ferms as City Co�ncil of th� Cify of Fork Workh deems approp�iate,
including, but not limited to:
1. ufEiizafion ofi Far� Workh campanies for an agreed upon percentage of the
tatal costs far construction contracts;
7
2. utilfzation of certified �ninority and womert owned b�siness enterprises for
an agreed upon percentage of ti�e tfltal costs for canstruction contracts;
3. property inspection;
4. commif ta hire an agreed upon percentage of Fort Wor�F� residents
5. cammit to hire an agreed upon percentage of Centra� Ciiy residents
6. landscaping;
7. fenant sel�ction plans; and �
8. management plans.
�.
I��A�'�MENT GUI���,lIV�S
1. If a NEZ is locat�d
on a case-by-case
to eligible pro�ects.
Section 111.
in a Tax Increment Financing District, City Council will determine
6asis �f tF�e tax abatement irtcentives in Section li� will be offered
Eligible projects m�st me�t all eligibi[ity requirements specified in
2. In �rder to be efigib{e to apply for a tax abafement, tne properfy owneridevelflper
must:
a. Not b� delinquent ir� paying property tax�s for any property owr�ed
ownerldeveloper ; and
b. Not have any City of Fort Worth lie�s filed against any prope�ty owned
appficant prop�rty ownerldeveloper. "Lfens" include, b�t are not limited to
liens, demolition liens, board-uplopen structure liens and paving liens.
3. Properties under a contract for deed are nat efigible for tax abatemenf.
by the
by th�
weed
4. • Once a NEZ praperty owner of a resid�ntia[ proper�y (�ncluding mul�i-�'amily} in ihe
NEZ satisfies the criteria set forth in Sectio�s II1.A, E.1. and E.2. and ap�lies for an
abatement, a prnperty awner mu$t enter inta a tax abatement agre�m�nt irvith the
City of Fort Wor�h. The tax abatemenf agr�ement shalf automatically terminate if the
property subject to the tax abatement agreement is in viola#ian af the City o# Fort
Worth's Minimum Building Siandards Code and the nwner is con�icted Df 5UCi1
vialatio�.
5. A tax abatement granted ur�der the cr�teria set forth in Section III. can only be
granted once far a proper#y in a NEZ for a maximum term of as specified in the
agreement. If a property 4n which tax is being a�ated is sold, the City wi�l assign t�e
tax abatement agreement f�r the remaining term once ihe new �wner submits an
ap�lication. .
6. A property awner/develaper ofi a multifiamily developm�nt, commercial, industrial,
community facifities and mixer�-use devefopment projecfi in the NEZ who desires a
tax abafemenf under Sections I�I,B, C or D must:
a. 5afisfy the criteria set forth in Sectians fII.B, C or D, as applicable, and Sectians
I�LE.9 E.2; and E3, and
b. File an applica#inn wifh the Housing Depa�tment ar the Ecanomic and
Community Development Department, as applicable; and
�
c, The proper�y owner must enter into a tax abatement agreement with the City af
Fart Wor�h. in addition to the ofher ierms af agreement, the tax abatement
agreement shaif provide that the agreement shall automatically terminate if the
owner receives one con�iction of a violatio� af the City of �art Wor�h's Minimum
Building Standar�s Code regarding the proper�y subject ta the abatement
agr�ement during fhe term of the tax abatemenf agr�eme�t; and
d. If a property ir� t�e NEZ on which tax is being abated is sold, the new owner
may enter into a tax abatement agreement on the property far the remaining
t�rm.
�. APPLICATIOAI �1�E
1. The applicatian fee far residentia� tax abatemenfs gaverned under Section III.A is
$25.
2. The a�plication fee for mulii-family, commercial, industrial, commuriity facilities and
mixed-use de�elopmenf �rojects governed under 5ections 111.B, C,1 and �.1, is ane-
half of one percent (0.�%} of the propased project's Capital Investment, not to
�xceed $1,000. The applicaiion fee will be refunded upon issuance of certificate af
final occupancy and ance fhe properky owner enfers into a fax abatement agreemenf
with the City. Qtherwise, the Application Fee shall not be credited or refiunded ta any
party f�r any reasan.
rv. ��� wA���,RS
A, I�L.IGI�L� RECI�IEf�TSIPR���Ri[ES
1. In order to be efigible to apply for fee waivers, the properky ownerlc�e�efaper must
a. Not be delinquenf in paying property taxes for any property owned by the
owner/developar or ap�licant; and
b. Not have any City liens filed against ar�y proper�y owned by the applicant property
owr�er/deve�oper, including but not limited to, weed liens, demolitior� fiens, board-
up/apen structure liens and �aving liens.
2. Properties under a contract for deed are not �figible for de�elopment fee waivers.
3. In order for Development Fees andlor Impacf �ees ta be wai�ed far new cor�sfructian
or rehabilitafion� projects located in tF�e NEZ, a property owner must submit an
app[ication to fhe City,
�pprorral of t�e apnlication and waiver af fF�e �ees shap� not be deerned to be
ap�roval of anv asaect af the proieci, �efore cons�ruc�ion. the aan[icant mus�
ensure that fhe qraiect is locaied �in the correct zonir�q disfiric�.
�. D�VE�OF'fw�AIY �E�S
Once the Application far NEZ fncentives has been approved by ihe City, the follawing
fees for services perfarmed by the Cify of Fort Worth fior pro�ects in the NEZ are waived
for new construcfion pTojects ar re�abilitatian projects fhat exper�d at �east 30% of the
Base Va�ue of the proper#y on E�igibl� Rehabiiitation casts:
�7
1. All building permit related fees (including Plans Re�iew and Inspections)
2. Plat application fee {incfuding concept plan, prelirninary plat, final pla#, short form
replat) ' �
3. Board of Adjustment app�ica�ion fee
4. Demolition fee
�. Structure maving fee
6. Community Facilities Agreem�nt (CFA) application fee
7. Zoning applica#ion fee
8. Street and uti�ity easement vacaiion a�plication fee
Other devefoprnent reiated fees r�ot specified abave will be considered for approval by
City Council �n a case-by-case basis.
C. IMPACT �E�
1. Single family and multi-family residential de�e{opment projects in the NEZ,
Automafic 10�% waiv�r of water and wastewater impact fe�s will be applied.
2. Commerc�al, industriaf, mixed-use, ar community facility development projects in the
N EZ.
a. Automatic 100°/4 waiver of water and wastewater impact �ees up to $55,000 ar
equivalent to iwo G-inch meters far each cammercial, indusirial, mixed-use or
community facility developmeni project.
h. If the project reques#s an impact fee wai�er exc�ecfing $55,400 ar requesfing a
waiver tor larger and/or more than two 6anch meter, ihen City Council approval is
requir�d. Ap�alicanf may request the additional amount of impact fee wai�er
thraugf� the Housing Departm�nt.
V. R�L�AS� O�' ClTY LIENS
The following Cifiy liens may be released far eiigible �roperties or projects in a NEZ:
A. W�ED �[�NS
The fallowing are efigible to apply for release af weed liens:
1. Single unit owners pertarming rehabilitation on their properties.
2. Builc�ers ar developers constructing new homes an vacanf lots.
3. Owr�ers pertorming rehabilifation on multi family, eommerciai, industrial, mixed-�se,
or community faci�ity proper��es, -
4. Devefopers canstructing new multi-family, commercial, indus�rial, mixesi�use or
comrr�unity facility develo�ment projects.
�. D�MIOLI710N LIENS
90
Btailders or devel�pers developi�g or rehabilita�ing a praper#y are eligibEe to ap}�ly far
release of demolition fiens for up to $30,0�0. Release of demolition liens in excess of
$30,00� is subject to City Council approval.
C. BOARD�UPIOP�AE 57RUGiURI� I.IENS
The following are eligible to apply for release of board-�plapen structure liens:
1. Single uni# owners performing rehabilitafion on their properties.
2. � Builders or d�velopers construcfing new singEe family �omes an vacant {ats.
3. Owners performing rehabilitafion �n mulfii-family, commercial, industria�, mixed-usa,
or community facility propert�es.
4. De�elopers constructing multi-family, cor�mercial, industrial, mixed-use, or
communi�ty facility prajects,
D. PAVINC �l�NS
The fallowing are eligible to app�y far release of paving liens:
� 1. Singfe unit owners performing rehabilitation on thair propert�es.
2. B�ifders or develapers constr�cting new homes on �acanfi lats.
3. , Ow�ers performing reha�Elitatian an mufti-famify, commercial, indus#rial, mixed-use,
or community facility praperties.
4. Developers constructing multi-�amily, commercial, industrial, mixed-use, or
community facility prajects. .
�. ELlCI��� R�CIPI�N�'S1�ROP�RYI�S
1. In order to be eligible to app�y for �elease of City liens, fhe prope�y awner/developer:
a. m�st not be definq�er►t in paying property taxes for any proper�y owned by
�he owner/deveEoper �_
.�. must not have been subject to a Building Standards Commissian's �rder of
Demolition where the praperty was demolished within the last five (�} y�ars; an�
c. must nat have any City of Fort Wor�h liens filec� against any other property owned
by fhe applieant property ownerltle�elaper. "Liens" if1CILJC�BSy but is not iimified ta,
weed liens, demalition li�ns, baard-up/open structure [iens and paving lier�s.
2. Properties under a confiract for deed are nat �ligible for release of Gity liens.
VI, �ROC�DURAL STFPS
A. APP�.iCAiI�N SUBIl�1SSI�AI
Tf�e applican# for NEZ incenfi�ves under Sections III.A, B, C. D., IV, and V must
complete and subm�f a Cify of Fort Worth "Appfication for NEZ lncen#i�es" and pay
the appropriate application fee ta the Housing �epar�ment or the Econamic and
Community Development Department, as appfieable.
11
2. The applicant for incentives under Sections I�1.C.2 and D.2 musf aEso com�le#e and
submit a Cify flf Fort Worth "Application for Tax Abatement" and pay the apprapriate
applicafion fe� to fhe Economic and Community Development �eparfinent. The
appfication fee, review, evaluation and approval will be govemed by City of Fort
Warth Tax Aba#ement Policy 5tatement for Qualifying Development Projects.
B. C�FtTI�'iC,�TiONS F'OR AP�L1C�.ilONS UW��R SE�TIONS 111.A, B, C.1, D.1, IV,
dP! � V
The HousEng Departrr3ent will review the application for acc�racy and
comp�eteness. Once camplete, Housing Department wi{1 certify eligibi�ity af ihe
application based an the criteria set farth in Section III. A, B, C.�, D.�, �V, and V of
th�s policy, as applicable. O�ce an application is certified, the Housing Department
vvill ir�form appropriate departments administering the incentives about fhe certified
application. An orientation meeting with Cifiy departments anc� the applicant may be
scheduled. The departments incfude:
a. Ho�sing Department: prvperty #ax abafiement far resideniial properties and multi-
family development projects, release af City fiens.
b. Economic and Cammunity Deve�opment Department: properry tax abatemertt for
commercial, �
indusfrial, community faciiities or mixed-use de�elopment projecfs.
c. Dev�lo�ament Depa�tment: devefopment fee waivers.
d. Wate�' Depar�ment: impaci fee wai�ers.
e. Other appropriate departments, if applicable.
2. Once D�v�lopm�r�t Depar�ment, Water Department, Econamic and Communi#y
Development �epartment, andlor otF�er appropriate department receive a certified
ap�alication from the Hou�ing Department, . each d'epartmentlofFce sf�aEl fill out a
"Verification of NEZ Incentives far Certified NEZ Incenti�es Appficatian" and return it
to the Housing Department for record keeping and tracKing.
C. APP�IC�o`�'[OiV R�Vf�W ,a►N� �V�4Ll1AilOP1 �OR A���1C��'IOiVS
9. Prop�rry Tax Abatement for Residential Properties and Mul�i-famiiy Development
�'rojects .
a Far a campleted and cerkified application for na more than five years of tax
abaterr�ent, with Council appro�al, the City Manager shall exect�te a tax
abatement agreement with the appiicant.
b. �or a compl�ted and e�r#ified multi-family developrnent project applicatian for
more than #ive years af tax abatement:
(1) The Housing Department will evaluate a camplet�d and certi�ed appfication
based on:
{a} The project's increase in tne velue of the tax base,
(b) Costs to the City (such as infrastructure participation, etc.).
(c) Percent of canstructian contracfs committed to:
(i} Fort Wor�h based firms, and
(ii} Minority and 11Vomen Dwned B�siness Enterpri�as (MIWBEs}.
(d) Other items which may �e negotiated by the Ci#y and the applicar�t.
42
(2) Consideratian by Council Committee.
Based up�n fhe outcome af the evaluatian, Hausing Department may present
the application to the City Council's Econ�rnic Dev�lo�ment Committee.
Should the Housing Departmenf present the application to the Economic
Development Commitiee, the Committee will consider the appEicatian at an
apen meeting. The Committee may:
(a) Approve t�e application. StafF wil! then ineorporate fhe applicaiian into a
tax abatement agreement whic� will be sent to t�e City Council with fhe
Committee's recommendation ta approve the agre�ment; or
(h) Request modifications to t}ie appfication. Housing Department staff will
discuss the suggested moditications with the appficant and then, if fhe
requested modificatians are mada, resubmif ihe modified application to
the Committee for consideration; or
(c} Deny the application. The applicant may appea� the Committee's fi�ding
by r�questing fhe City Council to: �a) disregard the Cammi�tee's findir�g
and (b) instruct city staff ta incorporate the app[ication inta a tax
abatement agreement for future consideration by the City Gouncil.
{3} Consideration by fhe Cify Counci[
The Cify Caunctl retains sole auihori#y to appro�e ar de�y any tax ai�at�ment
agreemen# and is under no obfigatEon to approve any tax abatement
application or tax a�atement agreemenf. The City of Fort Worth is under no
obligafion ta provi�e tax abatement in any.amaunf or value to any applicant.
c. Effecfi�re Date tor Appro�ed Agreements
All tax abatements approved by tF�e City CfluncRl will become e�Fective an
January 1 of the year followmg the year in which a Certi�icate af Occupancy (CO}
is issued for the qualifying de�elopment praject (unless otherwise sp�cifi�d i� the
tax abatem�nt agre�ment}, Unless atherwise specified in the agreement, Faxes
levied during the constr�ctian af the project shali be due anc! payable.
2. Property Tax Abat�ment for Comm�rcial, Industriai, Community FacilFties, and
Mixed-Use Developmen� Projects
a. Far a completed and certified applicatifln for no moee than five years of tax
abatement, with Council ap�raval, the City Manager shall exectate a tax
abatement agreement with the a�pficant.
b. For a completed and certified application for more #han �ive years of tax
abatement:
(1) The Ecanomic and Commun�ty �evelopment Department wili evaluate a
complef�d and certified a�plicatioh based on:
(a} T�e project's increase in the �alue of the tax base.
(b) Gosts ta #he Ciiy (such as infrastructure participation, e�c.}.
(c) Pe�`cent of construction contracfs committed to:
(i} Fort Worth based firms, and
(ii} Minority ancf Wom�n owned Business Er�terprises (MIWBEs).
{d} Other items which may be negotiiated by the City and #he ap�[icant.
13
(2) Consideration by Cauncil Committee
Based upon the outcame of the evaluafion, the Econamic and Community
Development Depar#ment may present the appiication to the City Council's
Economic Devefopment Committee. 5hould the Economic and Community
Development Department �resent the appfication ta the Economic
DeWelopment Commiftee, the Committee will corlsider the applicatian at an
o�e� meefing. The CQmmittee may:
(a) A�pra�e the application. Staff will then incorporate the application into a
tax abatemen# agreement which will be sent to the City Council wifh the
Cammiftee's recammendation io appro�� the agreemenf; or
(b} Request modificatians to the applicatian. Economic and Communify
Development Department staff will discuss the suggested madifications
with the applicant ar�d then, if the request�d modificatians are made,
resubmit the madified application to the Committee for cansideration; or
(c) Deny the applica#ion. The applicant may appeal ihe Committee's finding
by req�esting the City Council �o: {a) disregard tF�e Committee"s finding
and (b} ins�ruct city staff to incorporaie the application into a tax
abatement agreement far fufure consideration by the City Councif.
{3) Consideratian by the City Council
The City Councii retains sale authority to approve or deny any tax abatement
agreement and is under' no obligation to approve any #ax abatemenf
applicatian or tax abatement agreement. The Ci�y of Forf Warth is under no
obfigatEon to provide tax abatement in any amount or val�e to any applicanf.
c. Effecfive Date for Approved Agreemants
All tax abatements approved by the City Co�ncif will b�come effective on
January 1 0#� the year following the year in which a Certificate of Occupancy {CO}
is issuad for th� quafi�fying develapme�t project (unless otherwise specified in ti�e
tax abatement agreerr�er�t). Unl�ss ot�erwise s�ecified in fhe agreem�nt, taxes
levied during ihe construction of the praject shall be due and payable.
3. De�elopment Fee Waivers
a. F'ar certified a�plicafions of dev�lopment fee waivers that da not require Council
approval, the Development Department wiil review the cer�ified applicar�t's
applicaffon and grar�f appropriate incentives.
b. For certified applications of develapme�t fee waivers that req�ire Cnuncil
appraval, City staif will review the cert�fisd applicant's application and make
apprapriate recammer�datians to the City Council.
4. fm�act �ee Waiver
a. �or certified app�icafions of impact fee waivers that do noi requir� Cour�cil
ap�roval, the Water Depar�ment will review the certified applicant's applicaiion
and grant ap�rapriate incenti�es.
14
b. For certified applicaiions of impact fee waivers that require Council approva�, th�
Water De�artment will review the certified applicant's applicatian and make
appropriate r�commendafiians ta fihe City Cauncil.
5. Release of Gity Liens
For cer�ified applicafions o� release of City liens, the H�using Department will release
the apprapriate liens.
V[I. 07'Fi�,R RU��S PER��lINIIVCC �O �ROP��YY iAX A�3A�'�iN�N�'
A. R�CAPiUR�
If tF�e terms of the ta�c abaiement agreement are not met, the Ciiy Council has the right to
cancel or amend the abatement agreement. [n the eve�t of cancelfat��n, fihe reca�ture af
abated taxes shail be limited �o the year{s) in which the defiaul# occurred ar continued.
�. IR�SPI�CTION A,N� FIfVI�IVCIA�. VE�I�ICAYION F'OR MULTI�F'Aiifl1LY, COIV�iV��RCIAl.1
I[V�L1S�'R[�L, COMnAUiVIYY FACI�IT`!�5 AN� M1X��-US� ��V��OPIIA�Ni
�ROJ�C�S
The terms of fhe agreem�nt shall include the City of Fort Worth's righf to: (1) review and
verify the appficant's financial s#atemer�ts in each year during the life of the agreement
prior fo granting a tax abatement in any given year, {2) conduct an an site ins�ectian of
ti�e project in- each year during tF�e life of the abatem�nt to �erity compliance wiih the
terrrzs of the tax abatement agreemen#.
C. EVALUATiAN F�Ft MU�iIo�A►MI�Y, COMIVI�RCI�►�1 IiVDUSiRIA�, COMfi�UAIITY
�'ACI�I�'1�S �►ND MIX�D-�USE D�VI�LOPi�IEPli PROJ�CiS
Upon completion af construetio� of the facilities, tF�e City sf�all na less t�an annually
e�al�ate each project receiv�ng aba�ement tn insure camp[iance with the terms of the
agreemenf. Any incic�ents of nan-compliance wili be reporied to the City Council.
On or be#ore �ei�ruary 'Ist of every year d�aring fii�e life of �he agreemenfi, any
indiv'[dual or enfi4y receiving a tax abafement fram i�he Ci#y og �'orft lNorth si�all
provide informai'ran and doc�mentat�on which details the prvper�y owner's
compliance with the �erms of the respective agreement and shall certify tha# the
owner is in co�tnpiiance wi�h �ach a�pEicable 4erm of fhe agreemen�. �ailure fo
repori this infarmation and io prov'rde the -required ce�-tification hy �he above
deadline shall result ir� cance[lation of agreemeni and any fiaaces abafed in iche
prior year being due and payabRe.
n. EFFECT OF' SAL�, ASSfC�NM�N� OR l��AS� O� ��O��RTY
If a property in ihe NEZ on whieh tax is being abated is sofd, th� new awner rnay enter
into a tax abatement agreement an fhe property for the remaining term. Any safe,
assignrrient or lease of the proper�y which is not permiited in the tax abatement
agreement results in cancellation of the agreement and recapture of any taxes a�ated
after the date on whict� an unspecified assignment accurred.
15
vi�i. orw�� �r�c�r��iv�s
A. Pfan rer�iews of proposed development projects ir� the NEZ will be expedited by the
De�elopment Department.
B. TF�e City C�uncil may add fhe following incentives to a NEZ in fhe Resolutior� adopting
the NEZ:
'! . Mur�icipal sales tax refund
2. Hamebuyers assistanc�
3. Gap_financing
4. Land assambly
5. Canveyance of tax foreclasure propertiss
6. Infrastruc#ure impr.ovements
7. Support for Low Income Housing Tax Credit (LIHTC) applications
8. Land use incentives and zor�ing/buildi�g code exemptions, e.g., mixed-use, density
bonus, parking exemption
9. Tax Incrernent Financing (TIF)
1 Q. Public Improvement Disfric# (P1D)
� 1. Tax-ex�mpt �ond financing
12. New Model Blocks
13. Loan guarantees
14. �quity in�esfiner�ts
9 5. Other incentives that wil[ effectuate the intent anc� purposes af NEZ.
16
Fcx�ibit B
3100 �astcrest Court Lot 10, �lock 1 �astcrest Addition
Exhibit C
Praject Descr�ption
Single Family Resider�ce
9Q% Brick Veneer
150�-1900 square feet
3 �edroomsl2 Baths
Two car garages
Arched Windows at Front of House
Fron# Yard Landscaped
Microwave with built-in Venf-A-Hood
Wood Burning Fire Place
Built-in 5ecurity System
Computer Area wi#h CPU & Printer with a dedicated telephone line
Vaulted Ceiling in Master Bedroom and Liuing Room
French Doors
Separate T��/Shower in Master Batl�room
Garden Tub in Mater E3athroom
- y � �o�T�o�Tx � ���.�:�ti� � �
Application No. �� � � ! � �
CITY OF FUR'�' WORTH
� �IG1SB�(3RHOOD EMPOWER�NT Z�N� (NEZ) PROGRAZVI
- -• -•� - - - - -� - ��--- -� - - -� - - - - �-
PROJEC'T CER.TIJETCA.TIOTT APPLXCA'TTON
�"ORM B FO�. I�ESTOR OWN�RS (�INGLE F,r�MILY ONL�
T. APPLICATYON CHECK LIST
,Please submzt �he. £ollo�zng documentation wit� each praperty reques�ed:
� A coznpleted��pp�cai�o��.�orrla �'� � ��'`:��-sF �' ` .
�. :s; . f ti. :� ,
� . � .x+:. []., ..: A ].ist of�3.Y,.pxopnrii�s Q�vz�edb� the applicaA# in Fort �7Vort�i •
. .� .,. .
[� Application fee of �2�5.�00 �f�or tax abatez�tet�t app�icafions �oz►Iy)
❑ Proof of ovrnexship, such as a warranty de�d, a�ficlavit of hezrship, ar a probated will OR
. evi�.ence of s�te�control, sueh. as apti�n to huy - - ��
❑ � Tit1e ab�tract�of the� properly {nptxo�na�)� . : : , , . '
Fur Rehabilitation Pi`oiects Ot�Iv: - l �
'❑ �'or a pxoject i� �e planning stage, �Iease subrnit a comple�ed set af Rehabiliia�ion '
.. ..°(R.�mode�� Pian an+� a Iist af elzeible reha�si�i#at�o,ii,c.osts�: �{i'o�r a��lications o� ta� ,.
abatements and developmeni fee vvaivers for rehab prujects onlp)
❑ Once a project is completed, please subn�zt p�oof a'f the eiigz�61� rehabilitation costs'� s�ch
as invoices, cantracts, or receipt�. (for apglicatioas of ta� �bateme�ts oniy)
'� Eligib�e rehabilitatiem includes onl� physical improvements to zeat property. It does NOT inolud�: persanal
praperty suc� as £�u�iture, appliances, eq�ipment, a.nrUor sup,�fies. �`otal eli� ble rehabili#atian casts sb.all eqnal
to ar cxceed 30% of t'he Tarrant Cauxify Appraisal Disi�ict (TAD}_appraised vaIue of the structure during the
� yeaz rehabili.tation occurs. . � -
�.� II. AppGca�xt i AGENT XN�`�}RMA.'TI�T�1 — •' — — — �
�. �.pplicant: �Er � ��,��t�sl� ��C��v�TC�°�utac� Persan: ��1.� C°���'�
� 3.� Address: ,.,r� _y;. �_�_._e ____ .,�.. ---._._. ��.
. 5`tzeet � ` � ` Crtj''
�. Phorte no.c F�l �7 ��?��T�i,� � 5. Fax 1'eTo.:
6. ��ta�l: . ���'� � �1• -��tt�"�� t� S
�---�� �= -- -
'�. Agent (if �.ny)
8: Addressi - - - - -
. . . � Street
. � ,�
9: Phone �no.: ,� •
lI. E�m�i�I:
City
I U. Fa� No.:
�i 7`� t�Z
—' Siate Zi� � �
�I7��1� �'�
Staie� Zip .
��If you z�eed furtlier infor�afifon or cla.rz�ca�.an, please contact C�uz�-I �u af (817) �I1-73�1 or
Bea Cura at (S�'7� 8�J.-8�36. - �
�
a _$
a
1
- F'o�T�a�.T� � � -
� � �.� - - - - - �-�-- - -. - - - - � -
III. PROPERT�t' ELIGI�IL�T�' �
1. Please list down the addresses and �egal descrxptions af ihe pxopexty where you are applyi�ng
for IYEZ incen�iwes and otfier Qrop�rties �ou ovrm ip Fort Wor�h. Attach meties and bounds
description if no address or Iegal descriptiQn is awailable.
Table 1 Pxoperf,y Ownership
Address . 7ap Legal Description
• ��o�� Subdivision Lot No. Siack 1'�To.
� , (Project Location) — -- " __ - -
!
I -
�I
�
3. D� you awn ather properties under ofher names? {J Yes,p�,�Yo
' If Yes, please speci�'� , -
4. Does th� propased developnn�ent canf�rm with City of F�rt Worth Zonzng? �[] Yes ❑ 1`da
'�� �. Is��b,is pxoperty under a confiracf for r�eed.? [] Yes �Na
�=� ,
2
� 7�►1�� �I� ' .�A��� � - —
- �� � .
��'.���n��������.
� ��
,_.. � -�
��� �� �
f
. �
. � . . ._ . �
(Please atiach addiiional sheets of paper as needed.) � � ;
.� -� -�. �'or �each pra�erties list�d in Tab%�1;�piea�e ch�e�ck fhe bnxes belaw to indicate�if: .
o ther� are taxes due; ar ��� �
� t�ere are City liens; ar �„J � ' �
o you have been subj�ect to a Building 5tan�lards Ccammi�sion's C�rder of D�molitian where the
property was demolished wirthin the lasi five years. �,J Q'
Table 2 Properfy 'Ta.xes au� City Lxens _ �
� ,� Address ' Prflperty ��ty Liens on P�roper€y -
�� . �:, .,;, s. " .. : -_� . Ta�es •,�==�'4'eed Baa�i-d-tip/Op�n �,..DEmoli�E[on•� Paving � Or.der of•.
• °(�^�- ....� ` = � ,:` -... = -'.:`-Due�� �., 3�ie�ns ' "S�nctureLiens"� Liens �`_ � Z.iens DernoTi4on<
� - - �-
� . � � .❑ -�o -�a a ❑ � o- �
ss-Fti;,�.��µu ��..:: t. _ _ _ ;�:�,_- ,,�.�I�: —, - z �Q �,�..� . . .:C�: � .. � ❑ � 1
� , �#. . � , �:��. ._. :� o�- � . . _ o �. � ❑ �_- - o _ ��
. . . � ❑ -. - o _,: �o � � � � a � .
- o o -� o-_ :.❑-. ❑ - o-
+_ � , . ,� . ❑ a o- : .,- _ . ❑ . . ❑ ❑ � i
❑ "� ��r c�. .`i ��:: r,—s ��L "' � � ��❑ I
1 ` — —
� _ ❑ — ❑ — ❑— ❑ - � `— ❑ ' �
.(Please attach additianat s�ee#s of paper as needed.}
�
FORT �0 RTH
�
6. Has fhe cansfrue�ion nn the properfy been cvmpletec� or is ii in the pZanning stage`? What
type of construction? : �
❑ Gonstntction Comnlated i�l U�der Cozxstzuctian �C � Plannin� Sta�e
❑ New Consiruction 0 Rehab ❑ New Cansix-�ciaon � Rehab �I'+Tew Constr�ctian [] Rehab
i. Lf fhe construct�o� an the praperiy has been compleied when this applica�aon is submii#ed,
whezi v��as the wark done?
S. . If rt is s rehab prapez-�y, daes (or wi�) the rehabiIitatior� wark* don� an the property eqczal
f0 ai ���5� �O% of the Tai-�rant Gauniy Appraisal pistriet ('I`AD) assesseci va�ue of the
sirncture during th:e year xebabilitation (remodeled) occurred? ❑ Yes ❑�To
*OnIy p�'ysical improvements to real properry is eligihle. DO NOT include persvnal proper�y
such as furniture, appliar�ces, equigment; a;nd/ar supp7ies.
�
�
;.
IV.��S IN`�-1'�'T`�VES —� — — — -- — � , t . . . � , _ . . , � ,
_ �,. : .. } .: : ,.. -�'.'y
- - � l:
3...Wha�`incentives are yon appIyin�g for?; �.�� ��
� M�.icfual Protaertv Tax Aba�ements �� � '
� Develo�qment �'ee Waivers � • �
� A11 building .permit related. �fees (ii�c�udi�g �'lans Review and Insgections)
� How much is y�ur tata.l developm�nt costs? $:,�� ��`��,� �
� Hovv much �s the total square ft�otage af .yottr projec�? �-��,y� square feet
���.�,--
' �- •� P1at applicatian fee (an�Iuding cor�cept pla.z�, preliminary p1at, final pla�, short fozm replat)
� Baard of Adjust�ent a�plica�ion fee
❑ DemoTit�on fee
.. ��. [] Striictui�e znvr�g fee � .
. � Go�xunucaity Faciliti�s:Agr�e�aaent..{CFA} a�plicaiion:fec., , :.. . _ . -_ �.
- � 7oning applicatian fe� � ' . � . . -;
. � Street and uti�iiy easernent
�
� Ymtoact_�`ee Wai�exs . -
� Im.p�ct fea �cvaiver ��
. 1'vZeter Siae ,�� How many meters2 �� .
� Release of Ci#v Liens �
❑ WeetlIie�s
' ' ❑ ' Boaxd up/open struci�re liens.
� ' `' [� � be�riialitian liens ' .
� � ❑ �'aving �ieras
0
�
3
FORT �ORT�
�
V. ACKN�WLEDGMENT� -' - — _ - - — — -� -� — -
T hereby certif� that the in.f'om�a�zQn provzded is true and accurate to the best af my kuo�,l�dge. I hereby
acl�owl�dge that I have received a copy of NEZ Basic Irzeentives, which governs the granting of iax
abatements, fee ��vazvez� and `r�lease of City liens, and fhat a8y VIOLATION of the terms af the NEZ
Basic Inc�mtives or MISREPRESENTATI�N shalI const�tute ground� fox rejeciion of an application or
termina.tion ofincezztives.at the discratian ofihe Crty. �
I understand f.hat tI�e approva� o,f �e� waivers and other incentives s�all �ot i�e deemed ta be approvai of
axzy aspect of tb.e �.roj ect. T understand that I a�a r�sponsib2e in obtaining required pernxits and
anspections from, �Jae Gity and zn ensuring the pxoject is located in the carrect zoning district.
I agree ta provide any additional inforxnation .for determ.ining aligibilzty as requeste� by the City,
� ���t � C. �/,����~,�' -�.�'�` ��Q . .
� �: (TYPED NANT�) (AU ORiZEI3 S�G�ATURE �'� - � Z"���1
_ � A1`E)
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— , ,.. . . . . , Iti �ai� i�r err�i$� � }�t�a1�- :�����i[';tti�n .Ec�: � � -
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_ _ . _ i��� '4'r�r�lt, �1'e�:��� 7n�li}�? .
,;rs _ —= - -- -:�-_ ' _ ' �.� � 7 . ..���i7� h7��-7���.#i � - -� -
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+ _.. _ '_._ _ —_ _�„ 2.._ _ _ _
T Electron�c version of this �orzn is available bp request, please ca1Z 817-871-7381. to request a co .
-- - -- . PY
For O#'fice Trse 4niy .. _^ --- — __ _ — - - — -�
-:��2p�ication No., .� . .
��� � � �' 7n which NE�� , �'jp� Coi�form wifb: Zonin � �� � �
TAD ID � ' 6. '�].Yes • No
. � Contract for deed? .[] Yes �� INo T• e? �� ; .
' � �.Newconstruc�ian ❑�Reh��
Constzuctian cor� ple t i o n d a t e? � B e�' a r e N E Z .�� �Z ��
Q Ownership �� yes Q Na
Rehab at or higher than 3 Qo� � • . . .
❑ Yes ❑ No Consistent with the NEZ pIan'1 �] yeS 0 Na`
T� current on this,prop�rty? -
� Y'�s ❑ No Ta.x current oi� other propexti�s? �f'] Yes`� [] No .� -
City iiens on this p�operiy? G`a�ty l��s �on�other properties?
� Weed �iens ❑ Yes � No o Weer� Iiens �
� Boaz�d-up/open siructure �iens . � Y�S 0 N°
��'�5 � No • Board-u /o en siructure liens
�' p � Yes � No �
.� I�emolition liens ❑ Yes X No .
0 Dez�alitian liens ❑ Yes �]/ No
� Paving Iiens ❑ Yes � No o Yaving liens ,� .
� Ordex of dernolition ❑ Yes � No
❑ Yes [� No • Order of demolit�on ❑ Yes � No
Certi�ed? ❑ yes ❑ No Certified by . Dafe certiizcation issued?
�D��f� (
If ncst certified, reason � r
Referred ta-. [�Economic Developznent �Hausing ODeveloprnent �,Water ❑Code T�W
— — — — — —�- — —• — —� — — — — —�- _. �
ReVised August 23, 2oD1 - ' '
4