HomeMy WebLinkAboutContract 28201; � , � �liY �����'�AR1r ,,_
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TAX ABATEMENT TERMTNATION AGREEMENT �
(Cl"1'Y �L�'Cltl:'1'A1ZY CUN'i'ltAC`1' Nll. 207�7)
This TAX ABATEMEIiTT TERNIINAT�QN AGREE�IENT ("Agreeutent"} is hereby
made and entared into by and between the C`ITY OF FORT WORTH �tl�e "City"}, a home rule
municipal corporation organized under the laws of the State of Texas and acting by and through
Reid Rector, its duly authorizec� Assistant Ci�ty� Manager, and RODANCO PARTNERS, LTD.,
successar to CCC INVESTMENTS, amd STAR i7NIFORM CUMPANY, LTD. {"Star"},
�ormerly �TAR UNIF�RM COMPANY, INC., Texas partnerships in good standing to do
business in the State of Texas and acting by and ihrough Harry C. Kennemer, Jr., its duly
authorized Chief Financial Officer.
WHEREAS, on ar about December 21, 1994 the Cify and S#ar entered into a Tax
Abatement Agreement, on file a� a public docuznent with the City Secretary as City Secretary
Confract No. 24757 (the "Abatemen� Agreement"}, under which the City agreed to abate
certain real and personal property taxes otherwise payable by Star in return for (i) the
constivction af certain improv'ements on property leased by Star, (ii) eertain annual ernployment
commitments by Star, (iii) certaix► annual spending commitments; and
WHEREAS, pursuant to the letter attached her�to as E�iibit "A", which is hereby made
a part oi this Agreement �ox all purpases, Star Iaas requested the City terminaie �he Abaierrieni
Agreement; and
WIi�REAS, the City is not opposed to a termination of �he Abatement Agre�rnent;
NOW, THEREFORE, the City and Star agree as follows:
L Tn accordance with and as provided by Seciion V.B of the Abatement Agreement, the
City and Star hereby mutually agree to terminate the Abatement Agreement, e��ective as
of January 1, 2001.
IlV WITNESS WHEREOF, the City and Star have executed fnur (4) duplicate original
copi�s of this Agreement on this ;. .,, day of
CITY �F FORT WORTH.
�- - _ __ , 2ao�.
RODAl�TGO PARNTERS, LTD. and
STAR i7NIFORM COMPANY, LTD.
By� ��C/� �QP'�"'
Reid Rector
Assistant Ciiy Manager
Tax Abatement Termination Agreement
Star Uniform Company, Inc.
By: . . - , '.
��rry�enriezner, J��
Chief Financial Officer
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BY: � ' ' �J.�,.,�/? , a�`:
Ciiy Secre�ary'�
APPROVED AS TO rORM AND LEGALTTY:
B3'� ��t��.��c.-'�' �/a--�
Peter Vaky ' �
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Assistant City AttiSrney
M & C: none xequired
Tax Abatement Termination Agreement
Star Uniform Company, Inc.
ATTEST:
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STATE OF TEXAS §
COUNTY OF TARRANT §
BEFORE ME, the undersigned authority, a Notary Public in and for the State of
Texas, on this day personally appeared Aarry C. Kennemer, Jr., known to me to be the
person whose name is subscribed to the foregoing instrument, and acknowledged to rne that
the same was the act of Star Uniform Company, Ltd. and that he executed the same as the
act of Sfar Unifnrm Company, Ltd. for the purposes and consideration therein expressed
and in th� capacity ther�in stafed,
GIVEN DER MY HAND AND SEAL �F OFFICE this ���- �iay of
,� 002.
��--- -�..,....._-.., ..- .., r � �°��/Il��./��
�� p'� _ SI�► s. sT�w�Rr o��u�blic �n anc� or the State of 1"exas
_ MY GOhE�fiSSION EXPIRES �Y
'n
����9t,��� �
ept6rr�bgr 22, 2065
STATE OF TEXA� �
COUNTY DF TARRANT §
BEFORE ME, the undersigned authority, a Notary Public in and for the State of
Texas, on this day personaliy appeared Reid Rectar, known to me to be tha person whos�
name is subscribed io the foregoing instnxment, and acknowledged to me that the same was
the act o� the City af Fort Worth and that he executed the sarne as th� act of the City of
Fart Worth for the purposes and consideratian therein expressed and in the capacity therein
stated.
GIVEN ZJNDER MY HAND �1Nll SEAL OF OFFIGE this /�3� day af
��()u�.►,n.�iv .20Q2.
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o��:Y.P�, ROSELLA BARNES %�� ���?•�--��
�z� ��� NOTARY PUBLIC - Notary Public in an for the State of Te�aS
��_���,i� � 5tate of Texas
'�;;fi � ��Comm. Exp. 03� 1-2005
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Ta�c Abateme��t Terminaiion Agreement
Star Uniform Company, Inc. �
Unifor�s
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� Is Our Business
�XHIB�T "A"
February 28, 2002
Ms. Ardina Washington
Business Development Coordinator
Economic & Gommunzty Development Department
Ciiy of Fort Worth
10p� Throekmorton
Fort V�orth, Texas '16102
Dear Ms, Washington,
Please accept this letter as o�cial notice o� Star Unifo�n Company, lnc.'� desire �o
ierminate the Tax Abateanent Agreemernt between Star Uniform Cnmpany, Inc. and the
City af Fort Worth.
For various reasons beyo�.d our �antrol, despite our exhaustive efforts, we ha�ve been
unable to camply with all of the terms of the agreement. The specific problems
�r�caun#ered dvith the program have been explained in our annual reports in prior years.
Rather t.�an repbrt a dEgree of non-compliance each year, we would prefer ia termana�e
the agreement.
Sincerely,
' �2/=`�i
H�rry G. Kennemer, Jr. .
Chief Financial O�cer
cc. Daniel J. Cohen
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Fort Worth, Texas 76104 400 So�eth Jennin�s Avenue �(.817].332�.fz.l �,1 �. �BI;Z} 429-0628
Dallrss, Tcaas 75229 1135$ Kline Dr°ive '' �`(�72) 241=7827.Fir��{l%�J' 241-4256