HomeMy WebLinkAboutContract 29700 CITY SECRETARY
CONTRACT NO . 2LIL-0-
STATE OF TEXAS §
COUNTY OF TARRANT §
TAX ABATEMENT AGREEMENT FOR PROPERTY LOCATED IN A
NEIGHBORHOOD EMPOWERMENT ZONE
3019 Halbert Street
This TAX ABATEMENT AGREEMENT ("Agreement") is entered ixito by and
between the CITY OF FORT WORTH, TEXAS (the "City"), a home rule municipal
corporation organized under the laws of the State of Texas and acting by and through Reid Rector,
its duly authorized Assistant City Manager, and Steve Self, owner of property located at 3019
Halbert Street.
The City Council of the City of Fort Worth ("City Council") hereby finds and the City and
Owner hereby agree that the following statements are true and correct and constitute the basis upon
wl-fth the City and Owner have entered into this Agreement:
A. Chapter 378 of the Texas Local Government Code allows a municipality to create a
neighborhood empowerment zone if the municipality determines that the creation of the zone
would promote:
(1) the creation of affordable housing, including manufactured housing in the zone;
(2) an increase in economic development in the zone;
(3) an increase in the quality of social services, education, or public safety provided
to residents of the zone; or
(4) the rehabilitation of affordable housing in the zone.
B. Chapter 378 of the Texas Local Government Code provides that a municipality that
creates a neighborhood empowerment zone may enter into agreements abating municipal property
taxes on property in the zone.
C. On July 31, 2001, the City Council adopted basic incentives for property owners
who own property located in a Neighborhood Empowerment Zone, stating that the City elects to be
eligible to participate in tax abatement and including guidelines and criteria governing tax
abatement agreements entered into between the City and various third parties, titled
"Neighborhood Empowerment Zone (NEZ) Basic "Incentives" ("NEZ Incentives"), these were
readopted on April 22, 2003 and May 27, 2003 NEZ Incentives are attached hereto as Exhibit "A"
and hereby made a part of this Agreement for all purposes.
D. The NEZ Incentives contains appropriate guidelines and criteria governing tax
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 May 27, 2003, the City Council adopted Ordinance No. 15569 (the
"Ordinance") establishing "Neighborhood Empowerment Reinvestment Zone No. 9" City of Fort
Worth,Texas (the "Zone").
F. Owner owns certain real property located entirely within the Zone and that is more
particularly described in Exhibit"B", attached hereto and hereby made a part of this Agreement for
all purposes (the "Premises").
G. Owner or its assigns plan to repair Owner's home, Required Improvements, as
defined in Section 1.1 of this Agreement, on the Premises (the"Project").
H. On November 5, 2003, Owner submitted an application for tax abatement to the
City concerning the Premises (the "Application"), attached hereto as Exhibit "C" and hereby
made a part of this Agreement for all purposes.
I. The contemplated use of the Premises, the Required Improvements, as defined in
Section 1.1, and the terms of this Agreement are consistent with encouraging development of the
Zone in accordance with the purposes for its creation and are in compliance with the NEZ
Incentives, the Ordinance and other applicable laws, ordinances, rules and regulations.
J. The terms of this Agreement, and the Premises and Required Improvements, satisfy
the eligibility criteria of the NEZ Incentives.
K Written notice that the City intends to enter into this Agreement, along with a copy
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of this Agreement, has been furnished in the manner prescribed by the Code to the presiding
officers of the governing bodies of each of the taxing units in which the Premises is located.
NOW, THEREFORE, the City and Owner, for and in consideration of the terms and
conditions set forth herein, do hereby contract, covenant and agree as follows:
1. OWNER'S COVENANTS.
1.1. Real Property Improvements.
Owner shall repair Owner's home (collectively, the "Required Improvements"),
(i) the kind and type of repairs, are more particularly described in Exhibit "C" and (ii)
spending at least $6,960 and Minor variations in the Required Improvements from the
description provided in the Application for Tax Abatement shall not constitute an Event of
Default, as defined in Section 4.1, provided that the conditions in the first sentence of this
Section 1.1 are met and the Required Improvements are used for the purposes and in the
mariner described in Exhibit "D". Owner shall provide an affidavit and proof of completion
to City after the repairs are completed. The par-ties agree that the affidavit shall be a part of
this Agreement and shall be labeled Exhibit E.
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1.2. Completion Date of Required Improvements.
Owner certifies that the Required Improvements will be completed within two
years from the issuance and receipt of the building permit, unless delayed because of force
majeure, in which case the two years shall be extended by the number of days comprising
the specific force majeure. For purposes of this Agreement, force majeure shall mean an
event beyond Owner's reasonable control, including, without limitation, delays caused by
adverse weather, delays in receipt of any required permits or approvals from any
governmental authority, or acts of God, fires determined by the City of Fort Worth in its
sole discretion, which shall not be unreasonably withheld, but shall not include construction
delays caused due to purely financial matters, such as, without limitation, delays in the
obtaining of adequate financing.
1.3. Use of Premises.
Owner covenants that the Premises and the Required Improvements shall be used
as the Owner's primary residence and in accordance with the NEZ Incentives. In
addition, Owner covenants that throughout the Tenn, the Required Improvements shall
be maintained for the purposes set forth in this Agreement.
2. ABATEMENT AMOUNTS,TERMS AND CONDITIONS.
Subject to and in accordance with this Agreement, the City hereby grants to Owner a real
property tax abatement on the Premises, the Required Improvements, as specifically provided in
this Section 2 ("Abatement"). "Abatement" of real property taxes only includes City of Fort
Worth-imposed taxes and not taxes from other taxing entities.
2.1. Amount of Abatement.
The actual amount of the Abatement granted under this Agreement shall be based
upon the increase in value of the Premises, the Required Improvements, over their values
on January 1, 2004, the year in which both parties executed this Agreement. The
Abatement shall be 100% of the increase in value from the construction of the Required
Improvements.
2.2 Increase in Value.
The abatement shall apply only to taxes on the increase in value of the Premises
due to construction of the Required Improvements and shall not apply to taxes on the
Land
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2.3. Terms of Abatements.
The term of the Abatement (the "Tenn") shall begin on January I of the year
following the calendar year in which the Required Improvement is completed and, unless
sooner terminated as herein provided, shall end on December 31 immediately preceding the
fifth (5"') anniversary of the Beginning Date.
2.4 Protests Over Appraisals or Assessments.
Owner shall have the right to protest and contest any or all appraisals or
assessments of the Premises and/or improvements thereon,
2.5. Abatement Application Fee.
The City acknowledges receipt from Owner of the required Application fee of
$25.00,
3. RECORDS, AUDITS AND EVALUATION OF PROJECT.
3.1. Inspection of Premises.
Between the execution date of this Agreement and the last day of the Term, at any
time during non-nal office hours throughout the Tenn and the year following the Term and
following reasonable notice to Owner, the City shall have and Owner shall provide access
to the Premises in order for the City to inspect the Premises and evaluate the Required
Improvements to ensure compliance with the terms and conditions of this Agreement.
Owner shall cooperate fully with the City during any such inspection and/or evaluation.
3.2. Certification.
Owner shall certify annually to the City that it is in compliance with each applicable
term of this agreement. The City shall have the right to audit at the City's expense the
Required Improvement with respects to the specifications listed in Exhibit D. Owner must
provide documentation that Owner is using the Required Improvements as its primary
residence (collectively, the "Records") at any time during the Compliance Auditing Term
in order to determine compliance with this Agreement. Owner shall make all applicable
Records available to the City on the Premises or at another location in the City following
reasonable advance notice by the City and shall otherwise cooperate fully with the City
during any audit.
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3.3 Provision of Information.
On or before February I following the end of every year during the Compliance
Auditing Tenn and if requested by the City, Owner shall provide information and
documentation for the previous year that addresses Owner's compliance with each of the
terms and conditions of this Agreement for that calendar year.
Failure to provide all information within the control of Owner required by this
Section 3.3 shall constitute an Event of Default, as defined in Section 4.1.
3.4 Determination of Compliance.
On or before August I of each year, the City shall make a decision and rule on the
Abatement to Owner for the following year of the Tenn and shall notify Owner of such
decision and ruling. The Abatement granted for a given year of the Term is therefore based
upon Owner's compliance with the ten-ns and conditions of this Agreement during the
previous year of the Compliance Auditing Tenn.
4. EVENTS OF DEFAULT.
4.1. Defined.
Unless otherwise specified herein, Owner shall be in default of this Agreement if(1)
Owner fails to construct the Required improvements as defined in Section 1.1.; (ii) ad
valorem real. property taxes with respect to the Premises or the Project, or its ad valorem
taxes with respect to the tangible personal property located on the Premises, become
delinquent and Owner does not tirnely and properly follow the legal procedures for protest
and/or contest of any such ad valorem real property or tangible personal property taxes or
(111) OWNER DOES NOT USE THE PREMISES AS PRIMARY RESIDENCE
ONCE THE ABATEMENT BEGINS (iv) OWNER DOES NOT COMPLY WITH
CHAPTER 7 AND APPENDIX B OF THE CODE OF ORDINANCE OF THE
CITY OF FORT WORTH (collectively, each an "Event of Default").
4.2. Notice to Cure.
Subject to Section 5, if the City determines that an Event of Default has occurred,
the City shall provide a written notice to Owner that describes the nature of the Event of
Default. Owner shall have ninety(90) calendar days from the date of receipt of this written
notice to fully cure or have cured the Event of Default. If Owner reasonably believes that
Owner will require additional time to cure the Event of Default, Owner shall promptly
notify the City in writing, in which case (1) after advising the City Council in an open
meeting of Owner's efforts and intent to cure, Owner shall have one hundred eighty (180)
calendar days from the original date of receipt of the written notice, or (ii) if Owner
reasonably believes that Owner will require more than one hundred eighty (180) days to
cure the Event of Default, after advising the City Council in an open meeting of Owner's
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efforts and intent to cure, such additional time, if any, as may be offered by the City
Council in its sole discretion.
4.3. Termination for Event of Default and Payment of Liquidated Damages.
If an Event of Default, which is defined in Section 4.1, has not been cured within
the time frame specifically allowed under Section 4.2, the City shall have the night to
terminate this Agreement immediately. Owner acknowledges and agrees that an uncured
Event of Default will (1) harm the City's economic development and redevelopment efforts
on the Premises and in the vicinity of the Premises; (ii) require unplanned and expensive
additional administrative oversight and involvement by the City; and (iii) otherwise harm
the City, and Owner agrees that the amounts of actual damages therefrom are speculative in
nature and will be difficult or impossible to ascertain. Therefore, upon termination of this
Agreement for any Event of Default, 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 been paid to the City in the absence of
this Agreement. The City and Owner agree that this amount is a reasonable approximation
of actual damages that the City will incur as a result of an uncured Event of Default and
that this Section 4.3 is intended to provide the City with compensation for actual damages
and is not a penalty. This amount may be recovered by the City through adjustments made
to Owner's ad valorem property tax appraisal 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 effective date of termination of this Agreement. In the event
that all or any portion of this amount is not paid to the City within sixty (60) days following
the effective date of ten-nination of this Agreement, Owner shall also be liable for all
penalties and interest on any outstanding amount at the statutory rate for delinquent taxes,
as determined by the Code at the time of the payment of such penalties and interest
(currently, Section 33.01 of the Code).
4.4. Termination at Will.
If the City and Owner mutually determine that the development or use of the
Premises or the anticipated Required Improvements are no longer appropriate or feasible,
or that a higher or better use is preferable, the City and Owner may terminate this
Agreement in a written format that is signed by both parties. In this event, (i) if the Term
has commenced, the Term shall expire as of the effective date of the termination of this
Agreement; (ii) there shall be no recapture of any taxes previously abated; and (iii) neither
party shall have any further rights or obligations hereunder.
5. EFFECT OF SALE OF PREMISES.
Except for an assignment to Owner's first mortgagee or to a homebuyer who will use the
Required Improvements as its primary residence or the homeowner's mortgagee which City
Council hereby agrees to, the Abatement granted hereunder shall vest only in Owner, however if
Owner sells the Premises and Required Improvements, this Abatement cannobp_,qg,,si ed to,,,a new
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owner of all or any portion of the Premises and/or Required Improvements without the prior
consent of the City Council, which consent shall not be unreasonably withheld provided that(i) the
City Council finds that the proposed assignee is financially capable of meeting the terms and
conditions of this Agreement and (ii) the proposed purchaser agrees in writing to assume all terms
and conditions of Owner under this Agreement. Owner may not otherwise assign, lease or convey
any of its rights under this Agreement. Any attempted assignment without the City Council's prior
consent shall constitute grounds for termination of this Agreement and the Abatement granted
hereunder following ten (10) calendar days of receipt of written notice from the City to Owner.
Upon assignment to Owner's first mortgagee, or to a homebuyer who will use the Required
Improvements as its primary residence or the homeowner's mortgagee, Owner shall have no
further obligations or duties under this agreement. In addition, upon assignment to any other
entity with the written consent of City Council, Owner shall have no further duty or
obligation under this agreement.
IN NO EVENT SHALL THE TERM OF THIS AGREEMENT BE EXTENDED IN THE
EVENT OF A SALE OR ASSIGNMENT.
6. NOTICES.
All written notices called for or required by this Agreement shall be addressed to the
following, or such other party or address as either party designates in writing, by certified mail,
postage prepaid,or by hand delivery:
City: Owner:
City of Fort Worth Steve Self
Attn: Housing Department 3019 Halbert Street
1000 Throckmorton Fort Worth, TX 76112
Fort Worth, TX 76102
7. MISCELLANEOUS.
7.1. Bonds
The Required Improvements will not be financed by tax increment bonds. This
Agreement is subject to the rights of holders of outstanding bonds of the City.
7.2. Conflicts of Interest.
Neither the Premises nor any of the Required Improvements covered by this
Agreement are owned or ]eased by any member of the City Council, any member of the
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City Plan or Zoning Commission or any member of the governing body of any taxing units
in the Zone.
7.3. Conflicts Between Documents.
In the event of any conflict between the City's zoning ordinances, or other City
ordinances or regulations, and this Agreement, such ordinances or regulations shall control.
In the event of any conflict between the body of this Agreement and Exhibit "C", the body
of this Agreement shall control,
7.4. Future Application.
A portion or all of the Premises and/or Required Improvements may be eligible for
complete or partial exemption from ad valorem taxes as a result of existing law or future
legislation. This Agreement shall not be construed as evidence that such exemptions do not
apply to the Premises and/or Required Improvements.
7.5. City Council Authorization.
This Agreement was authorized by the City Council through approval of Mayor and
Council Communication No. C-19965 on February 10, 2004, which, among other things,
authorized the City Manager to execute this Agreement on behalf of the City.
7.6. Estoppel Certificate.
Any party hereto may request an estoppel certificate from another party hereto so
long as the certificate is requested in connection with a bona fide business purpose. The
certificate, which if requested will be addressed to the Owner, shall include, but not
necessarily be limited to, statements that this Agreement is in full force and effect without
default (or if an Event of Default exists, the nature of the Event of Default and curative
action taken and/or necessary to effect a cure), the remaining term of this Agreement, the
levels and remaining term of the Abatement in effect, and such other matters reasonably
requested by the party or parties to receive the certificates.
7.7. Owner Standing.
Owner shall be deemed a proper and necessary party in any litigation questioning or
challenging the validity of this Agreement or any of the underlying laws, ordinances,
resolutions or City Council actions authorizing this Agreement, and Owner shall be entitled
to intervene in any such litigation.
7.8. Venue and Jurisdiction.
This Agreement shall be construed in accordance with the laws of the State of
Texas and applicable ordinances, rules, regulations or policies of dhr..,City -VenueJar�l
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action under this Agreement shall lie in the State District Court of Tarrant County, Texas.
This Agreement is performable in Tarrant County, Texas.
7.9 Recordation.
A certified copy of this Agreement in recordable form shall be recorded in the Deed
Records of Tarrant County, Texas.
7.10. Severability.
If any provision of this Agreement is held to be invalid, illegal or unenforceable,
the validity, legality and enforceability of the remaining provisions shall not in any way
be affected or impaired.
7.11 Headings Not Controlling.
Headings and titles used in this Agreement are for reference purposes only and
shall not be deemed a part of this Agreement.
7.12. Entirety of Agreement.
This Agreement, including any exhibits attached hereto and any documents
incorporated herein by reference, contains the entire understanding and agreement
between the City and Owner, their assigns and successors in interest, as to the matters
contained herein. Any prior or contemporaneous oral or written agreement is hereby
declared null and void to the extent in conflict with any provision of this Agreement.
This Agreement shall not be amended unless executed in writing by both parties and
approved by the City Council. This Agreement may be executed in multiple
counterparts, each of which shall be considered an original, but all of which shall
constitute one instrument.
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EXECUTED this ",,a day of , 2004, by the City of Fort North,
Texas.
EXECUTED this day o _ 2004, by Steve Self.
CITY OF FORT WORTH: OWNER:
By: "
Reid Rector e Self
Assistant City Manager Owner
ATTEST: ATTEST:
By: At �A-) By:
City cretary
APPROVE AS TO FORM AND LEGALITY:
By:
thi arcia
Assistant City Attorney
M & C:—
CIL/
if
,
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STATE OF TEXAS §
COUNTY OF TARRANT §
BEFORE ME, the undersigned authority, on this day personally appeared Reid Rector,
Assistant City Manager of the CITY OF FORT WORTH, a municipal corporation, known to me to
be the person and officer whose name is subscribed to the foregoing instrument, and acknowledged
to me that the same was the act of the said CITY OF FORT WORTH, TEXAS, a municipal
corporation, that he was duly authorized to perform the same by appropriate resolution of the City
Council of the City of Fort Worth and that he executed the same as the act of the said City for the
purposes and consideration therein expressed and in the capacity therein stated.
GIVEN UNDER MY HAND AND SEAL OF OFFICE this 1;Z qday of
2004.
ZY
Notary Public in and for ROSELLA BARNES
NOTARY PUBLIC
the State of Texas UA
ri state of Texas
'r, e"ll"'q 22 'Comm. Exp, 03-31-2005
Notary's Printed Name
Jr
err
STATE OF TEXAS §
COUNTY OF TARRANT §
BEFORE ME, the undersigned authority, on this day personally appeared Steve Self, 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.
GIVEN UNDER MY HAND AND SEAL OF OFFICE this (,day of
2004.
Notary Public in and for
the State of Texas
Notary's Printed Name
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Exhibit A: NEZ Incentives
Exhibit B: Property Description
Exhibit C: Application: (NEZ) Incentives and Tax Abatement
Exhibit D: Project description including kind, number and location of the proposed
improvements,
Exhibit E: Affidavit of Completion
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EXHIBITCITY OFFORT WORTH
NEIGHBORHOOD EMPOWERMENT ZONE (NEZ) TAX ABATEMENT POLICY AND BASIC
INCENTIVES
k GENERAL PURPOSE AND OBJECTIVES
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Chapter 378 of the Texas LOC8| GOVeOlDleO1 Code 8UOVVS 8 DOUDiCipB|itv to C[e@be 8
Neighborhood Empowermentt-Z1)0e (NEZ) when 8 "...municipality determines that the creation
Of the zone vvOU|d promote:
(1) the creation of affordable houSing, including manufactured housinQ, in the zone;
/2\ an increase in economic development in the zone;
(3) an increase in the quality of social Sen/icDs, educatiUn, or public safety provided to
residents of the zone; Or
(4) the rehabilitation of affordable housing in the Zone,"
The Cih/, badopting the following NEZ Tax Abatement Policy and Basic Incentives, will
pForDOtg affordable housing and gCODOOOiC development in Neighborhood Empowerment Zones.
NEZ incentives will not be granted after the NEZ expires as defined in the resolution designating
1h8 NEZ. For each NEZ. the City Council may approve additional terms and incentives as
permitted by Chapter 378 Of the Texas LOC8| Government Code Or by City Council resolution.
However, any tax abatement 8vv8rdSd before the expiration of a NEZ shall C8[n/ its fU|| term
according to its tax abatement agreement approved by the City Council.
As mandated by state law, the property tax abatement under this policy applies to the owners of
real property. Nothing in the policy shall be construed as an obligation by the City of Fort Worth
LO approve any tax abatement application. ^
U. DEFINITIONS
"Abatement" means the full Or partial exemption from City of Fort Worth ad v@|OrenO taxes On
eligible properties for a period of up to 10 years and an amount Of Up to 100% of the increase in
appraised value /@s reflected on the certified tax nD|| of the appropriate county appraisal distrid1
resulting from improvements begun after the execution of the tax abatement agreement.
Eligible properties must be located in the NEZ.
','Base Value"is the value of the pF0pedv. excluding |and, as determined by the Tarrant County
Appraisal District, during the year rehabilitation occurs.
"Building Standards C|Onv07/ssk/O" is the COnnnniSsion created under SBC. 7-77. Article |\/.
K4ininnuDl Building Standards Code of the Fort Worth City Code.
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^Cnoda/ Investment" includes only real property improvements such as new facilities and
structures, site irnprOvern8nts, facility expansion, and facility nnod2rniz@tion.
May 27, 2003 1
does NOT include land acquisition costs and/or any existing improvements, or personal property
(such as machinery, equipment, and/or supplies and inventory).
"City of Fort Worth Tax Abatement Policy Statement"means the policy adopted by City Council
on February 29, 2000.
"Commercial/Industrial Development Project" is a development project which proposes to
construct or rehabilitate commercial/industrial facilities on property that is (or meets the
requirements to be) zoned commercial, industrial or mixed use as defined by the City of Fort
Worth Zoning Ordinance.
"Community Facility Development Project"is a development project which proposes to construct
or rehabilitate community facilities on property that allows such use as defined by the City of
Fort Worth Zoning Ordinance.
"Eligible Rehabilitation" includes only physical improvements to real property. Eligible
Rehabilitation does NOT include personal property (such as furniture, appliances, equipment,
and/or supplies).
"Gross Floor Area" is measured by taking the outside dimensions of the building at each floor
level, except that portion of the basement used only for utilities or storage, and any areas within
the building used for off-street parking.
"Minimum Building Standards Code" is Article IV of the Fort Worth City Code adopted pursuant
to Texas Local Government Code, Chapters 54 and 214.
"Minority Business Enterprise (MBE)"and "Women Business Enterprise (WBE)"is a minority or
woman owned business that-has received certification as either a certified MBE or certified
WBE by either the North Texas Regional Certification Agency (NTRCA) or the Texas
Department of Transportation (TxDot), Highway Division.
"Mixed-Use Development Project" is a development project which proposes to construct or
rehabilitate mixed-use facilities in which residential uses constitute 20 percent or more of the
total gross floor area, and office, eating and entertainment, and/or retail sales and service uses
constitute 10 percent or more of the total gross floor area and is on property that is (or meets
the requirements to be) zoned mixed-use as described by the City of Fort Worth Zoning
Ordinance.
"Multi-family Development Project" is a development project which proposes to construct or
rehabilitate multi-family residential living units on property that is (or meets the requirements to
be) zoned multi-family or mixed use as defined by the City of Fort Worth Zoning Ordinance.
"Project" means a "Residential Project", "Comm erciaOndustrial Development
Project","Community Facility Development Project", "Mixed-Use Development Project", or a
"Multi-family Development Project."
"Reinvestment Zone" is an area designated as such by the City of Fort Worth in accordance
with the Property Redevelopment and Tax Abatement Act codified in Chapter 312 of the Texas
Tax Code, or an area designated as an enterprise zone pursuant to the Texas Enterprise Zone
Act, codified in Chapter 2303 of the Texas Government Code,
May 27, 2003 2
Ui MUNICIPAL PROPERTY TAX ABATEMENTS
A. RESIDENTIAL PROPERTIES LOCATED |NANEZ
1. For residential property purchased before NEZ designEdioO, a homeowner shall be
eligible to apply for @ tax abatement by meeting the following: '
a. Property is owner-occupied and the primary residence ofthe homeowner prior to
the final NEZ designation. Homeowner shall provide proof Ofownership by a
warranty deed, affidavit of heirship, ora probated vvi||, and Sh@|| ShOvv proof of
primary residence byhomestead exemption; and
b. Property is rehabilitated after NEZ designation and City Council BppnOV8| of the
tax abatement.
n. Homeowner must perform Eligible Rehabilitation on the property after NEZ
designation equal to Or in excess of 30% of the Base Value of the property; and
d. Property is not in a tax-delinquent status when the abatement application is
submitted,
2. For residential property purchased after MEZ designation, a homeowner shall be
eligible to apply for a tax abatement by meeting the following:
a. Property iSconstructed or rehabilitated after NEZde3i8n8tiDn and City Council
approval 0fthe tax abatement;
b. Property is owner-occupied and is the primary residence of the hOrneOVvne[.
Homeowner shall provide proof Of ownership by a Vva[[aDtv deed. affidavit of
heirship. or a probated Vvi||, and shall ShOVv proof Of primary residence by
homestead exemption;
C. For rehabilitated property, Eligible Rehabilitation costs on the property shall be
equal to or in excess of 30% of the Base Value of the property. The seller Or
owner shall provide the City information to support rehabilitation costs;
d� Property is not in @ tax-delinquent status when the abatement application is
submitted; and
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e. Property is in CDDfOrrD8OCe with the City Of Fort Worth Zoning Ordinance.
I For investor OVvOed single family p[Dp8dv, BO investor shall be eligible to apply for @
tax abatement bymeeting the following:
' 8. Property i5constructed Orrehabilitated after NEZdeGigO@tiOO and City COUOC||
approval Dfthe tax abatement;
b. For rehabilitated pR]pertv. Eligible Rehabilitation costs OD the property shall be
equal tOO[ |Dexcess [f3UY6Ofthe Base Value Ofthe property;
C. Property is not in a tax-delinquent status when the abatement application is
submitted; and
d. Property is in conformance with the City of Fort Worth Zoning Ordinance.
B. MULTI-FAMILY DEVELOPMENT PROJECTS LOCATE[) IN ANEZ
1. 100% Abatement foj_5 years.
If an applicant a arm
less, this section shall aDolv.
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Abatements for multi-family development projects for up to 5 years are subject to
City Council approval. The applicant may apply with the Housing Department for
such abatement.
The applicant must apply for the tax abatement and be approved by City Council
before construction or rehabilitation is started.
In order to be eligible for a property tax abatement upon completion, a newly
constructed or rehabilitated multi-family development project in a NEZ must satisfy
the following:
At least twenty percent (20%) of the total units constructed or rehabilitated shall
be affordable (as defined by the U. S. Department of Housing and Urban
Development) to persons with incomes at or below eighty percent (80%) of area
median income based on family size and such units shall be set aside for
persons at or below 80% of the median income as defined by the U.S.
Department of Housing and Urban Development. City Council may waive or
reduce the 20% affordability requirement on a case-by-case basis; and
(a) For a multi-family development project constructed after NEZ designation, the
project must provide at least five (5) residential living units OR have a
minimum Capital Investment of$200,000; or
(b) For a rehabilitation project, the property must be rehabilitated after NEZ
designation. Eligible Rehabilitation costs on the property shall be at least
30% of the Base Value of the property. Such Eligible Rehabilitation costs
must come from the rehabilitation of at least five (5) residential living units or
a minimum Capital Investment of$200,000.
2. 1%-100% Abatement of City Ad Valorem taxes up to 10 year
If an applicant applies for a tax abatement agreement with a term of more than five
years, this section shal,l apply.
Abatements for multi-family development projects for up to 10 years are subject to
City Council approval. The applicant may apply with the Housing Department for
such abatement.
The applicant must apply for the tax abatement and be approved by City Council
before construction or rehabilitation is started.
Years I through 5 of the Tax Abatement Agreement
Multi-family projects shall be eligible for 100% abatement of City ad valorem taxes
for years one through five of the Tax Abatement Agreement upon the satisfaction of
the following:
At least twenty percent (20%) of the total units constructed or rehabilitated shall
be affordable (as defined by the U. S. Department of H
0 W'_,jog_find Urban
mp
Development) to persons with incomes at or below eighty per
median income based on family size and such units shall be', 'g t'6tid6"f&,
May 27, 2003 4
persons at or below 80% of the median income as defined by the U.S.
Department of Housing and Urban Development. City Council may waive or
reduce the 20% affordability requirement on a case-by-case basis; and
a. For a multi-family development project constructed after NEZ designation, the
project must provide at least five (5) residential living units OR have a
minimum Capital Investment of $200,000; or
b. For a rehabilitation project, the property must be rehabilitated after NEZ
designation. Eligible Rehabilitation costs on the property shall be at least
30% of the Base Value of the property. Such Eligible Rehabilitation costs
must come from the rehabilitation of at least five (5) residential living units or
a minimum Capital Investment of$200,000.
Years 6 through 10 of the Tax Abatement Aqreement
Multi-family projects shall be eligible for a 1%-100% abatement of City ad valorem
taxes for years six through ten of the Tax Abatement Agreement u.pon the
satisfaction of the following:
a. At least twenty percent (20%) of the total units constructed or rehabilitated shall
be affordable (as defined by the U. S. Department of Housing and Urban
Development) to persons with incomes at or below eighty percent (80%) of area
median income based on family size and such units shall be set aside for
persons at or below 80% of the median income as defined by the U.S.
Department ofHousingand Urban Development. City Council may waive or
reduce the 20% affordability requirement on a case-by-case basis; and
1. For a multi-family development project constructed after NEZ designation, the
project must provide at least five (5) residential living units OR have a
minimum Capital Investment of $200,000; or
2. For a rehabilitation project, the property must be rehabilitated after NEZ
designation. Eligible Rehabilitation costs on the property shall be at least
30% of the Base Value of the property. Such Eligible Rehabilitation costs
must come.from the rehabilitation of at least five (5) residential living units or
a minimum Capital Investment of$200,000.
b. Any other terms as City Council of the City of Fort Worth deems appropriate,
including, but not limited to:
1. utilization of Fort Worth companies for an agreed upon percentage of the total
costs for construction contracts;
2. utilization of certified minority and women owned business enterprises for an
agreed upon percentage of the total costs for construction contracts,*
3. property inspection;
4. commit to hire an agreed upon percentage of Fort Worth residents
5. commit to hire an agreed upon percentage of Central City residents
6. landscaping;
7. tenant selection plans; and
8. management plans,
C. COMMERCIAL, INDUSTRIAL AND COMMUNITY FACILITIE^---DEVF--L,, ,,�N,°
. ......
PROJECTS LOCATED IN A NEZ
May 27, 2003 5
.
1� 100% Abatement of City Ad Va�orem taxes for 5 vears
If an applicant applies for a tax abatement agreement with a term of five years o
less, this section shall apply.
Abatements for COrnrn8roia[ Industrial and Community Facilities Development
Projects for up tO 5y88rS are subject tOCity Council approval. The applicant may
apply with the Housing Department for such abatement.
The applicant must apply for the tax abatement and be approved by City Council
before construction or rehabilitation is started.
In order to be eligible for 8 property tax abatement, 8 D8vv|y constructed Or
rehabilitated CO87rnerCio|/inclUstria| and community facilities development project in 3
NEZ must satisfy the following:
8. A cOnnmerCi8|, industrial or a COrnrnUnitv facilities development project
constructed after NEZ designation nnUSt have a minimum Capital Investment of
$75,000; or
b. For rehabilitation project, it must be rehabilitated aft8rNEZ designation. Eligible
Rehabilitation costs on the property shall be at least 30% of the Base Value of
the property, or$75.O0O. whichever iSgreater.
2. 1%-100% Abatement of City Ad Valorem taxes up to 1 Oyears
If an applicant applies for a tax abatement agreement with a term of more than five
years, this section shall apply.
Abatements 3greenlents for a CDnnnnBncia|, Industrial and ConnrnVnUv Facilities
Development projects for up to 10 years are subject to City Council approval. The
applicant may apply with the Economic and Community Development Department for
such abatement,
The applicant must apply for the tax abatement and be approved by City Council
before construction or rehabilitation is started.
Years 1 throuqh 5 of the Tax
�Abatement Aqreement�
COnlnDeFCia|. |ndUGth8! and CD0lrDUD|ty Facilities [)8Ve|OpnlBDt projects Sh8U be
eligible for 10096 abatement of City @d va|Onsrn bs%8s for the first five years of the
Tax Abatement Agreement upon the satisfaction [fthe following:
8. A COmrDerCi8/. industrial or a Corn[OUOitV facilities deVe|0pOl8Dt project
constructed after NEZdesignation must have a minimum Capital Investment of
$75,000; or
b. Fora rehabilitation project, it must be rehabilitated after NEZdesignation. Eligible
Rehabilitation costs on the property shall be at |g8St 30% of the Base Value of
the property, Or'$75.00O. whichever iSgreater.
May 27, 20O3 6
Years 6 through 10 of the Tax Abatement Agreement
COrnnn8ncia[ Industrial and ConlnnUndv Facilities Development projects 8h8U be
eligiblefor 1%-100% abatement OfCih/ 8d v8|O[eDlt@XeS fo[ y8a:S sixthrough tCnof
the Tax Abatement Agreement upon the satisfaction ofthe following:
a. A commercial, industrial or a community facilities development project
CODSt[UCted after NEZ deSigD8bOO must have a minimum Capital
|Ov8Strn8nt of $75,000 and must meet the requirements of subsection (o)
below ; or
b� For rehabilitation project, it must be rehabilitated after NEZ designation.
Eligible Rehabilitation COSt5 On the property shall be at least 30% of the
Base Value of the prwpertv, or $75,000, whichever is greater and meet
the requirements of subsection (c) b8|Dvv.
C. Any other terms as City COUDCi| Of the City Of Fort Worth de8rDS
appropriate, including, but not limited to:
1. utilization ofFort Worth companies for an agreed upon percentage of
the total costs for construction QJOt[8CLS;
Z utilization of certified minority and women owned business enterprises
for an agreed upon percentage of the total COStS for COOSt[UCtion
contracts;
3. CoDlnlit tOhire @Oagreed upon percentage OfFort Worth residents;
4. Corn[nK to hire an agreed upon percentage of Central City residents;
and
5. landscaping.
D. MIXED-USE DEVELOPMENT PROJECTS LOCATED IN A NEZ
1. 100% Abatement of City Ad Valorem taxes for 5 Vears
If an applicant -applies for a tax abatement agreement with a term of five years o
Fess- this section shall app y.
Abatements for Mixed-Use Development Projects for Up to 5 years are SUhie{t to
City Council approval. The applicant may apply with the Housing Department for
such abatement.
The applicant DlUSt apply for the tax abatement and be approved by City COUOCi|
before construction or rehabilitation is started.
In order to be eligible for u property tax abatement, upon Conlp|et/on, a newly
constructed or rehabilitated mixed-use development project in a NEZ must satisfy the
following:
8. Residential USBs in the project constitute 20 percent Or more Of the total Gross
Floor Area of the project; and
b. OffiCe, eating and entertainment, and/or retail sales and service uses /n the
project constitute 10 percent or more of the total Gross Floor Area of the project;
and
/1\ A mixed-use development project constructed after
have a minimum Capital Investment of$200.000; or '
(2) For a rehabilitation project, it must he rehabilitated after NEZ designation.
Eligible Rehabilitation costs on the property shall beat least 30% of the Base
Value 0fthe property, or $200.00O, whichever i3greater,
_
1%-1 00%Abatement of City Ad Valorern taxes up to 10 years
If an applicant applies for a tax abatement agreement with a term of more than five
years, this section shall apply.
Abatements agreements for Mixed Use Development projects for up to 10 Vg8[8
are subject to City Council approval. The applicant may apply with the Housing
Department for such abatement,
'
The applicant must apply for the tax abatement before construction or rehabilitation
is started and the application for the b3X abatement must be approved by City
Council.
Years 1 through 5 of the Tax Abatement Agreement
Mixed Use [}8we|Opnlnnt projects shall be eligible for 100% abatement of City ad
v@|or9nn taxes for the first five years of the Tax Abatement Agreement upon the
satisfaction of the following:
a. Residential Uses in the project constitute 20 percent or more of the total Gross
Floor Area Ofthe project; and
b. CVfC8. eating and entertainment, and/or retail sales and auPviC8 uses in the
project constitute 10 percent or more of the total Gross Floor Area of the project;
and
C. A new mixed-use development project oOnsƒrU/t8d after NEZd8sigDahon must
have a minimum Capital |OV8B[nOeUt of $200,000; or for a rehabilitation project, it
must be rehabilitated after NEZ designation. Eligible Rehabilitation costs On the
property shall be at least 30Y6 of the Base Value of the property, or $200.000.
whichever iSgreater.
Years 6 through 10 of the Tax Abatement Agreement
Mixed Use Development projects shall be eligible for 1-100% abatement of City ad
vo|onann taxes for years six through ten of the Tax Abatement Agna8rneOt upon the
satisfaction ofthe following:
a. Residential USe8 in the project constitute 20 percent or more of the total Gross
Floor Area Ofthe project; and
b. Office, eating and entertainment, and/or retail sales and service uses in the
project constitute 10 percent ormore Ofthe total Gross Floor Area ofthe project;
C. A new mixed-use development project constructed a0erNEZ designation must
have o minimum Capital Investment of $200,000; orfor a rehabilitation project, it
must be rehabilitated after NEZdesignation. Eligible Rehabilitation costs on the
May 27, 2003 8
'
,
property shall be at )e3S1 30% of the Base Value Of the property, Or $200,000.
whichever is Braoter� and
d. Any other terms as City Council of the City Of Fort Worth deems appropriate'
inC|UdiDg, but not limited to:
1. utilization DfFort Worth companies for 8nagreed upon percentage Dfthe
total costs for construction contracts;
2. utilization of certified minority and women owned business enterprises for
@nagreed upon percentage Ofthe total costs for construction contracts;
3. property.inspection;
4. commit tOhire Bnagreed upon percentage ofFort Worth residents
5. commit tohire anagreed upon percentage of Central City residents
6. landscaping;
7. tenant selection plans; and
O. management plans.
E. ABATEMENT GUIDELINES
1. If NEZ is located-in a Tax Increment Financing Disthct, City COUOd| will determine
on a case-by-case basis if the tax abatement incentives in Section i|| will be offered
to eligible Projects. Eligible Projects must meet all e|igibiUb/ requirements specified
in Section Ui
2. If a Project is located in the Woodhaven Neighborhood Empowerment Zone, in order
to be considered "eligible" to apply for 8 tax abatement under this Policy, the
Woodhaven Community Development Corporation and the Woodhaven
Neighborhood Association must have submitted a letter ofsupport for the Project to
the City Of Fort Worth
3. In order to be eligible to apply for 8 tax BhGtem8nt, the property owner/developer
must:
a. Not be delinquent in paying property taxes for any property owned by the
OvVner/UeV8|Oper ; 8nd
b. Not have any City of Fort Worth liens filed against any property owned by the
applicant prOpedyDvvO8r/deVel0per. ^LigOS~ include, but are not limited to, weed
liens, UermO|ibOn |ienS, boand-uD/openstructure liens and paving liens.
4. Projects to be constructed On property to be purchased under contract for deed are
not eligible for tax abatements.
5. Once a NEZ property owner of o residential p[Op8dv (including multi-family) in the
NEZ satisfies the criteria set forth in Sections |||A E.1. and E.2. and applies for an
abatement, @ property owner may enter into 8tax abatement agreement with the City
of Fort Worth. The tax abatement agreement shall automatically terminate if the
property subject to the tax abatement agreement is in violation of the City of Fort
Worth's K4ininlVnn Building Standards Code and the owner is convicted of such
violation.
6. A tax abatement granted under the criteria set forth in Sectio b
granted once for property in a NEZ fora rnaXimUrn term Of
May 27' 20U3 9
,
agreement. If a property on which tax is being abated is SO|d. the City will assign the
tax abatement agreement for the remaining term OOC8 the new owner submits an
application.
7. A property owner/developer of Dlu/bf8rnUy development, CODOr0enCia|, industrial,
community facilities and mixed-use development project in the NEZ who desires @
tax abatement under Sections |(|.B. C or must:
a. Satisfy the criteria set forth in Sections |||.B' C Or D. BS 8pp|iCab/e, and Sections
|ULE.1 E.2; and E3. and
b. File anapplication with the Housing Department, B8applicable; and
c The property owner must enter into 8 tax abatement BgrC8OOeMt with the City Of
Fort Worth, In addition to the other terms of agreement, the tax gbatBOO8Ot
agreement Shed| provide that the agreement shall automatically terminate if the
owner receives one conviction Of a ViO|a[iDO of the City of Fort Worth's K4ini[OuFD
Building Standards Code regarding the property subject to the abatement
agreement during the term ofthe tax abatement agreement; and
d. If property in the NEZOn which tax is being abated is SO|d' the new owner may
enter into a tax abatement agreement OOthe property for the remaining term.
O. If the terms Of the tax abatement agreement are hot met, the City Council has the
right to cancel Or amend the abatement agreement, In the event of cancellation, the
recapture Ofabated taxes shall be limited tOthe year(3) in which the default occurred
or continued,
9. The terms of the @gnaerneOt shall include the City Of Fort Worth's right to: U\ review
and verify the applicant's financial statements in each year during the life of the
agreement prior to granting 8 tax abatement in any given year, /2\ conduct @D on site
inspection Of the project in each year during the life of the abatement to verify
compliance with the terms of the tax abatement agreement, /3\ terminate the
agreement if the Project COOiainS or will contain 8 sexually oriented bU5iDBSs /4
terminate the agreement, as determined in City's Sn|e diScr8UOn, if the Project
contains or will contain a liquor store or package store.
10Upon CDnnp|edon of construction of the fBCi|ide5. the City shall no |BSS than annually
evaluate each project receiving abatement to insure compliance with the terms of the
agreement. Any incidents of non-compliance will be reported to the City Council.
On or before February 1st of every year during the life Of the agreement, any
individual Or entity receiving a tax abatement from the City Vf Fort Worth shall
provide information and documentation which details the property ovvnO[`s
compliance with the terms Of the respective 8Q[8enleO1 and 8h8|| certify that the
owner is in compliance with each applicable term of the Bg[8enleOL Failure to report
this information and to provide the required certification by the above deadline Sh3||
result in cancellation ofagreement and any taxes abated in the prior year being due
and payable.
11If 8 property in the NEZ on which tax is being abated is sold, the new OvvOeF may
enter into @ tax abatement agreement on the property for the [CDlaiDiOg term. Any
sale, assignment Or lease of the property which is not permitted in the tax abatement
May 27, 20O3 10
.
8Qneenn8Ot results in o8nceUahDD of the agreement and neCacdUna of any taxes
abated after the date on which an unspecified assignment occurred.
F. APPLICATION FEE
1. The application fee for residential tax abatements governed under Section ||iA is
$25.
2� The application fee for multi-family, CDmmVercia|, industrial, cOnnrnUnitv facilities and
mixed-use development projects governed Under Sections ||iB, C. and D., is one-
half of one percent (0.5%) of the proposed Project's Capital |Dveabnent, not to
exceed $1,000. The application fee will be refunded upon iSGUaOCe of certificate of
final occupancy and once the property OVvOer enters into 8 tax abatement agreement
with the City. Otherwise, the Application Fee shall not be credited or refunded to any
party for any reason.
|\y. FEE WAIVERS
A. EL/{S|BLEREC|P|ENTS/PROPERT/ES
1. City Council shall determine on @ case-by-case basis whether 8 Project that will
contain or COnt@iOS a liquor stone Or package store is eligible to apply for a fee
waiver.
2. If Project is located in the Woodhaven Neighborhood Empowerment Zone, in order
to be considered "eligible" to apply for fee waiver under this Policy, the Woodhaven
Community Development Corporation and the Woodhaven Neighborhood
Association DlUSt have submitted a letter Vfsupport for the Project to the City of Fort
Worth.
3. Projects to be constructed on property to be purchased under a contract for deed are
not eligible for development fee waivers.
4. In order for @ pnJpSdv owner/developer to be eligible to apply for fee waivers for 8
Project, the property owner/developer:
'
a. must submit 8D application tothe City;
b. must not be delinquent in paying property taxes for any property owned by the
owner/developer orapplicant;
o. must not have any City liens filed against any property owned by the applicant
property ovvDer/deve|oper, including but not limited to. weed liens, demolition
|i8n3, board-Up/Open structure liens and paving liens; and
d. of Project that will contain or,contains B liquor store, package store ora sexually
oriented bUSiOe3o has received City Council's determination that the Project is
eligible to apply for fee waivers.
Approval of the application and waiver of the fees shall not be deemed to be
approval of any aspect of the Project. Before construction, the applicant. must
ensure that the project is located in the correct zoning district.
May 27, 2003 11
`
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13. DEVELOPMENT FEES
Once the Application for NEZ Incentives has been approved and Oetfied by the Citv, the
following fees for services performed by the City of Fort Worth for Projects in the NEZ
are waived for new construction projects or rehabilitation projects that expend at least
30% ofthe Base Value of the property on Eligible Rehabilitation COStS:
1. All building permit related fees (including Plans Review and Inspections)
2. Plat app|iC@UDO fee (including concept plan, preliminary p|@t, final plat, Shor-t form
rep/at)
J. Board OfAdjustment application fee
4. Demolition fee
5. Structure moving fee
6. Community Facilities Agreement /CF4\ application fee
7. Zoning application fee
O. Street and utility easement vacation application fee
Other development related fees not specified above will be considered for approval by
City Council on a case-by-case basis.
C. IMPACT FEES
1. Single family and multi-family residential development projects in the NEZ.
Automatic 100% waiver of water and vv8stevvahsr impact fees will be applied.
2. Cn[nrnerCi@|, industrial, DliX8d U5e, or CDrnnnuO/h/ facility d8ve|Dprn8Ot projects in the
NEZ.
8. Au10nl8tiC 100% Yv@iVeF Dfwater and VYaSteYYBie[ impact fees up to $55,000 or
equivalent to two 6-inch meters for each C0mnnerCia|. industrial, U0/*ad-USe or
community facility development project.
b. If the project requests an impact fee waiver exceeding $55.00OOrrequesting @
waiver for larger and/or more than two 6-inch meter, then City Council approval is
required. Applicant may request the additional amount of impact fee waiver
through the Housing Department,
V. RELEASE OF CITY LIENS
A. EL|G|BLEREC|p|ENTS/PR[]PEFlT|ES
'
1. City Council shall determine [maC@Se-by-c8sobasis whether 8Project th3twiU
contain or contains 8 liquor store Or package store is eligible to apply for @ fee
waiver.
2. If Project is located in the Woodhaven Neighborhood Empowerment Zone, in order
to be considered "eligible" to apply for release of city liens under this Policy, the
Woodhaven Community Development Corporation and the Wo ,
May 27' 20A3 12 ^ `�`
-
.
Neighborhood Association must have submitted a letter of support for the ProjecttO
the City ofFort Worth.
3. Projects to be constructed on property to be purchased under a contract for deed are
not eligible for any release of City Liens,
'
4. In order for a property owner/developer to be eligible to apply for @ r8l8GS8 Of city
liens contained in Section V.B., C, D.. and E. for a Project, the property
owner/developer:
a. must submit Gn application to the City;
b. rnUSt not be delinquent in paying property taxes for any property owned by the
ovvner/deve lope r;
b. must not have -been subject to a Building Standards Commission's (}rd8[ of
OSnlo|itiOD Vvhgr8 the property was demolished within the last five (5) years;
C. must not have any City of Fort Worth liens filed against any other property owned
bythe applicant property DvvnBr/d8ve|Dper. ''Li8ns'' includes, but isnot limited to,
weed liens, demolition liens, board-up/open structure liens and paving liens; and
d. of Project that contains or will contain a liquor store, package store or a sexually
oriented business has received City Council's determination the Project is eligible
to apply for release of City liens.
B. WEED LIENS
-rhe following are eligible tOapply for release ofweed liens:
1. Single unit owners performing rehabilitation Ontheir properties.
Z Builders or developers constructing new homes On vacant lots.
3. (]vvnens performing rehabilitation on Onu|d-f8nli|y, ConnnlBncia|, industrial, rnixed'Use,
orcommunity facility properties,
4. Developers CODGt[WCting new rOU|d-far0i|y. CDr0[DerCia[, iDdUSt[i@|. nDiX8d-u58 OF
community facility development projects,
C. DEMOLITION LIENS
Builders or developers developing or rehabilitating 8 property for a Project are eligible to
apply for release of demolition |i8DS for UV to $30.000. Releases Of demolition liens in
excess Of$3D.00Oare subject toCity Council approval.
O. BOARD-UPAOPENSTRUCTURE LIENS
The following are eligible to apply for release of board-up/open structure liens:
1 Single unit owners performing rehabilitation on their properties.
2. Builders or developers Constructing new single family homes On vacant lots.
1 Owners performing rehabilitation on Dlu|ti-f8rnily. commercial, industrial, rnixBd-us8,
or community facility properties.
4, Developers cons trUcting rnu|ti-farni|y, oOrnrn8Rci8|, indUStri@|, n0ixed^usB. or
community facility projects.
E. PAVING LIENS
� L
May 27, 2003 13 / /
/
| ' /
The following are eligible to apply for ne|goS8 Of paving liens:
1. Single Unit owners performing rehabilitation On their properties.
2. Builders or developers constructing new hOOleS on vacant lots.
1 (]vvnerS performing rehabilitation OD nOU|ti-fanni|y' commercial, industrial, nniXed-USe,
or community facility properties,
4. Developers constructing nnu|ti-f@nli|y. commercial, indu5tri@|, mixed-use, or
community facility projects.
Vi PROCEDURAL STEPS
A. APPLICATION SUBMISSION
1. The applicant for NEZ incentives under Sections Ui |V.' and V. 0lU5t complete and
submit @ City Of Fort Worth "Application for NEZ Incentives" and pay the appropriate
application fee tOthe Housing Department, a5applicable.
2. The applicant for incentives under Sections |U.C2 and [).2 rOUSt also complete and
submit a City Of Fort Worth "Application for Tax Abatement" and pay the appropriate
application f88 to the Economic Development Office. The application fee, nBview,
evaluation and approval will be governed byCity ofFort Worth Tax Abatement Polity
Statement for Qualifying Development Projects.
B. CERTIFICATIONS FOR APPLICATIONS UNDER SECTIONS Ill. IV, AND V
1. The Housing Department will review the application for accuracy and
completeness. Once the Housing Department determines that the application is
COrnp|eiB. the Housing Department will certify the property owner/developer's
eligibility to receive tax abatements and/or basic incentives based On the criteria set
forth in Section |/|.. |V.. and V. Of this policy, as applicable. Once an applicant's
eligibility is certified, the Housing Department will inform appropriate departments
administering the incentives. An orientation meeting with City departments and the
applicant may hescheduled. The departments include:
8. Housing Department property tax abatement for residential properties and multi-
family development pn48Cts. r8|8aS8 OfCity liens.
b. Economic DgV8|OpnneDt Office: property tax abatement for CDnDrn8rCia|,
industrial, community facilities Drmixed-use development projects.
C. Development Department: development fee waivers.
d. Water Department: impact fee waivers.
e. Other appropriate departments, if applicable.
2. Once Deve|O9nneO1 OepartrOent, Water O8p3rtDlBnt. ECDnOnnio Development Office,
and/Or other appropriate department receive a certified application from the Housing
Department, each department/office shall fill out a "Verification OfNEZ Incentives for
Certified NEZ Incentives Application" and return it to the Housing Department for
record keeping and tracking.
C. APPLICATION REVIEW AND EVALUATION FOR APPLICATIONS
1. Property Tax Abatement for Residential Properties and Multi-family Development
Projects
8. For a oornp|ehsd and certified application for no more than five years of tax
abatement, with Council approval, the City Manager shall execute a tax
abatement agreement with the applicant.
b. For 8 completed and certified multi-family development project application for
more than five years Oftax abatement:
(1) The Housing Department will ew3|U8to 8 completed and certified application
based on:
(a) Thep jeot'nincnaaseiDtheva|ueofthet@XbBSe.
(b) Costs tothe City (such aSinfrastructure participation, ehcl
(dPercent ofconstruction contracts committed to:
(i) Fort Worth based firms, and
(ii) Minority and Women Owned Business Enterprises /K4/VVBEs\
(d) Other items which the City and the applicant may negotiate.
(2) Consideration byCouncil Committee.
Based upon the qutCo[DB of the evaluation, Housing Department may present
the application to the City COUOCi|'S ECOnODliC Development Committee.
Should the Housing Department present the application to the ECOnDnDio
Development Committee, the Committee will consider the opp|iCabOD at an
open meeting. The Committee may:
(8) Approve the application. Staff will (h3O incorporate the application into 3
tax abatement agreement which will be sent to the City Council with the
Committee's recommendation fOapprove the agreement; or
(b) Request modifications to the application. Housing Department staff will
diSCUSS the suggested modifications with the applicant and then, if the
requested modifications are Ol8de. resubmit the modified application to
the Committee for consideration; Or
(r) Deny the application. The applicant may appeal the Committee's finding
by requesting the City Council to: (a) disregard the ConnrnU1eO's finding
and /h\ instruct city Staff to incorporate the application into 8 tax
abatement agreement for future consideration by the City Council.
(3) Consideration bythe City Council
The City Council retains sole authority to approve Or deny any tax abatement
agreement and is under no obligation to approve any tax abatement
application or tax abatement agreement. The Qh/ of Fort Worth is under no
obligation to provide tax abatement in any amount or value to any applicant.
c. Effective Date for Approved Agreements
All tax abatements approved by the City Council will become effective on
January 1 of the year following the year in which a Certificate of Occupancy (CO)
is issued for the qualifying development project /un|8ae otherwise specified in the
tax abatement agreenneDt\. Unless otherwise specified in the agreement, taxes
levied during the construction ofthe project Sha|| bedueandpay3b|e.
2. Property Tax Abatement for Commercial, Industrial, Community Facilities, and
Mixed-Use Development Projects
a. For a completed and certified application for no more than five years of tax
abatement, with Council approval, the City Manager shall execute a tax
abatement agreement with the applicant.
b. For a completed and certified application for more than five years of tax
abatement:
(1) The Economic Development Office will evaluate a completed and certified
application based on:
(a) The project's increase in the value of the tax base,
(b) Costs to the City (such as infrastructure participation, etc.).
(c) Percent of construction contracts committed to:
(i) Fort Worth based firms, and
(ii) Minority and Women owned Business Enterprises (MM/'BEs).
(d) Other items which the City and the applicant may negotiate.
(2) Consideration by Council Committee
Based upon the outcome of the evaluation, the Economic Development
Office may present the application to the City Council's Economic
Development Committee. Should the Economic Development Office present
the application to the Economic Development Committee, the Committee will
consider the application at an open meeting. The Committee may:
(a) Approve the application. Staff will then incorporate the application into a
tax abatement agreement which will be sent to the City Council with the
Committee's recommendation to approve the agreement; or
(b) Request modifications to the application. Economic Development Office
staff will discuss the suggested modifications with the applicant and then,
if the requested modifications are made, resubmit the modified application
to the Committee for consideration; or
(c) Deny the application. The applicant may appeal the Committee's finding
by requesting the City Council to: (a) disregard the Committee's finding
and (b) instruct city staff to incorporate the application into a tax
abatement agreement for future consideration by the City Council.
(3) Consideration by the City Council
The City Council retains sole authority to approve or deny any tax abatement
agreement and is under no obligation to approve any tax abatement
application or tax abatement agreement. The City of Fort Worth is under no
obligation to provide tax abatement in any amount or value to any applicant.
c. Effective Date for Approved Agreements
All tax abatements approved by the City Council will become effective on
January 1 of the year following the year in which a Certificate of Occupancy (CO)
is issued for the qualifying development project (unless, otherwise specified in the
tax abatement agreement). Unless otherwise specified in the agreement, taxes
levied during the construction of the project shall be due and payable.
May 27, 2003 16
'
- ,
3. Development Fee Waivers
a. For certified applications Vfdevelopment fee waivers that do not require Council
approval, the Development Department will review the certified applicant's
application and grant appropriate incentives.
b. For certified applications of development fee vv2|ve[s that require COUnC||
approval, City staff will review the certified applicant's application and nOBKe,
appropriate recommendations hJthe City Council.
4. Impact Fee Waiver
8. For Certified applications of impact fee waivers that do not require Council
approval, Vie Water Department will review the certified applicant's application
and grant appropriate incentives.
-
b. For certified applications Ofimpact fee vv8iVe[S that require Council @0proV8[ the
Water [)mpBdnlBOt will review the certified applicant's application and rn@k8
appropriate recommendations tOthe City Council,
5. F<e|e8Se Of City Liens
For certified applications of release of City liens, the Housing Department will release
the appropriate |iens.
\/U. OTHER INCENTIVES
A. Plan navievvS of proposed development projects in the NEZvviU be expedited by the
Development Department.
B. The City Council may add the following incentives to NEZ in the Resolution adopting
the NEZ:
1� Municipal sales tax refund
2. Homebuyers assistance
3. Gap financing
4. Land assembly
5. Conveyance oftax foreclosure properties
6. Infrastructure improvements
7. Support for Low Income Housing Tax Credit (L|HTC) applications
8. Land use incentives and zoning/building code exemptions, e.g., 0liXed-USe' density
bonus, parking exemption
9. Tax Increment Financing (TIF)
10. Public |rnpn}wenlen[ District (PID)
11`Tax-exempt bond financing
12. New Model Blocks
13. Loan guarantees
14. Equity investments
15. Other incentives that will effectuate the intent and purposes OfNEIr.
, -
May 27200S 17
VIII. Ineligible Projects
The following Projects or Businesses shall not be eligible for any incentives under the City' of
Fort Worth's Neighborhood Empowerment Zone (NEZ) Tax Abatement Policy and Basic
Incentives:
Sexually Oriented Businesses
May 27, 2003 18
EXHIBIT B
Property Description
3019 Halbert Street Lot 7, Block 10, Hyde-Jennings Subdivision
o� n
EXHIBIT C
SORT WORTH
Appli�cion No. A
CITY OF FORT WORTH
NEIGIfBORHOOD EM-POWERAUNT ZONE (NEZ) PROGRAM
PROJECT CERTIFICATION APPLICATION
FORMA FOR HOMEOWNERS
I. APPLICATION CHECK LIST
Pleasesubmit the following documentation with each property requested:
A completed application form
A list of all proper-ties owned by the applicant in Fort Worth
Application fee of$25.00 — cashier's check (for tax abatement applications only. You
must apply for tax abatement before any improvements are made to your property.)
Proof of ownership, such as a warranty deed, affidavit of heirship, or a probated will.
El Title abstract of the property (optional)
For Rehabilitation Proieds Only:
❑ A completed set of Rehabilitation (Remodel) Plan and a list of eligible rehabilitation
costs*. (for applications of tax abatements and development fee waivers for rehab
projects only)
Eligible rehabilitation includes only physical improvements to real property. It does NOT include personal
property such as furniture, appliances, equipment,and/or supplies. Total eligible rehabilitation costs shall equal
to or exceed 30% of the Tarrant Appraisal District (TAD) appraised value of the structure during the year
rehabilitation occurs.
YOU MUST APPLY FOR TAX ABATEMENT BEFORE ANY BUILDING PERMITS ARE ISSUED
FOR YOUR PROPERTY.
U. PROPERTY OWNER/AGENT INFORMATION
1. Property owner: sr� e -SsL-1F
2. Address: o C1 1A A L."&F I- Fr- \N C)tz-T -1-y . -76 1
Street City State zip
3. Phone no.: rg 1 q 4. Fax No.:
5. Email:
6. Agent (if any)
7. Address:
Street city State zip
8. Pbone no.: 9. Fax No.:
10. Email:
If you need further information or clarification, please contact Jamie Warner at (817) 392-7507 or
Elizee Michel at(817) 392-7336.
DH
FORT WO,alT
111. PROPERTY ELIGIBILITY
1. Please list down the addresses and. legal descriptions of the property where you are applying
for NEZ incentives and other properties you o-,,ni in Fort Worth. Attach metes and bounds
description if no address or legal description is available.
Table 1 Property-Ownership___
Address zip Legal Description
Code Subdivision Lot No. Block No.
(Project Location)
10
(Please attach additional sheets of paper as needed.)
2. For each properties listed in Table 1, please check the boxes below to indicate if:
• there are taxes due; or
• there are City liens" or
• you have been subject to a Building Standards Commission's Order of Demolition where the
property was demolished within the last five years.
Table 2 Property Taxes and City Liens
Address Property City Liens on Property
Taxes Weed I Board-up/Open Demolition Paving Order of
Due Liens Stucture Liens Liens Liens Demolition
❑ F-1 ❑ F-1 F-1 ❑
El 1:1, L-1 F-1 F-1 El
F-1 F-1 1:1 El El El
1:1 El El E El Ll
El El El E 1:1 L1
El El 11
o 0 E
11 11 E Li
(Please attach additional sheets of paper as needed.)
3. Do you own other properties under other names? F-1 Yes FilNo
If Yes, please specify
4. When did you purchase this house? FF-PJ 6
5. Is this house your primary residence? :�es ❑ No
6. Does this property conform with City of Fort Worth Zoning Ordinance? Yes [I No
2
FORT NORTH
7. Are you planning for new constructs or rehab?
[I New Construction total Rehab
8. What iie status of construction?
n Plan
a Planning Stage ❑Under Construction El completed
9. If construction has been completed,when was it completed?
10. How much is the total development cost?
11. If it is a rehab property, will the rehabilitation work* done on your house equal to at least
30% of the Tarrant Appraisal District(TAD) assessed value-of the structure during the
year rehabilitation (remodeled) occurred? Y—Yes 7 No
12. How much is the total square footage of your property? square feet
*Only physical improvements to real property is eligible. DO NOT include personal property such as furniture,
appliances,equipment,and/or supplies.
IV. INCENTIVES
1. What incentives are you applying for?
Aunicipal Property Tax Abatements
Devejppment Fee Waivers
All building permit related fees (including Plans Review and Inspections)
❑ Plat application fee (including concept plan, preliminary plat, final plat, short form replat)
❑ Board of Adjustment application fee
❑ Demolition fee
❑ Structure moving fee
❑ Community Facilities Agreement(CFA) application fee
❑ Zoning application fee
❑ Street and utility easement
Impact Fee Waivers
❑ Impact fee waiver
Meter size How many meters?
Release of City Liens
F] Weed liens
F Board up/open structure liens
Demolition on Ii
F I lens
❑ Paving liens
3
VORTWORTH
V. ACKNOWLEDGMENTS
I hereby certify that the information provided is true and accurate to the best of my knowledge. I hereby
acknowledge that I have received a copy of NEZ Basic Incentives, which governs the granting of tax
abatements, fee waivers and release of City liens, and that any'VIOLATION of the terms of the NEZ
Basic Incentives or MISREPRESENTATION shall constitute grounds for rejection of an application or
termination of incentives at the discretion of the City.
I understand that the approval of fee waivers and other incentives shall not be deemed to be approval of
any aspect of the project. I understand that I am responsible in obtaming required permits and
inspections from the City and in ensuring the project is located in the correct zoning district.
I agree to provide any additional information for determining eligibility as requested by the City.
L,F
(Ti YPED NAME) (AUTHORIIZE�DSIGN�N�",Tk) (DATE)
frf
..................... 111X11111............... ........................
Electronic version of this form is available by request. Please call 817-392-7507 to request a copy. For
more information on the NEZ Program, please visit our web site at www.fortworthgov.org/housing,
For Office Use Only
Application No.##--A--0-XAWhLich NEZ? Council District Is
Application Completed DConform
ate (Received Date): with Zoning? N-�s L❑—]No
Purchase date? []Before NEZ ❑ After NEZ. Type? [9TI-5r'Ler rehab E New const-Liction El PRR
TAD Account No. 44
Construction completion date? [��<efore NEZ After NEZ Ownership No
Rehab at or higher than 30%? L��e s F ❑ No
No Consistent with the NEZ plan'? t'�es
Tax current on this property? V 'es El No Tax current on othCrproperties?41k[] Yes ❑No
City liens on this property? City Lens on other properties'?
• Weed liens E] Yes [?-No a Weed liens ❑ Yes F] No
• Board-up/open structure liens ❑ Yes 9 Board-up/open structure liens ❑ Yes [:1 No
• Demolition liens ❑ Yes N?-N-� 0 Demolition liens FJ Yes EJ No
• Paving liens ❑ Yes ;N Paving liens ❑ Yes ❑ No
• Order of
0 Order of demolition Yes ❑Na
d Vo
Certified'? �de
tion Yes E]No Certified by Date certification issued?
If not certified,reason
..
Referred to: FlEcononuc Development ]Bousing ElDevelopinent [-]Watej.............. -,--STPw,
Revised April 15,2003
4 ..........
EXHIBIT D
Project Description
Single Family Residence
2 Bedrooms
Single Story
1100 Square feet
Attached Remodel Specifications
i
UNIT DESCRIPTION EXHIBIT D
1
HOUSING
DEVELOPER
� P . R . 0
Housing Construction and
Project software
01 /16/2004
Project: 3019 Halbert
Address: 3019 Halbert
Unit Name: 3019 Halbert
Unit Type: Single-Family Dwelling
Occupant: Steve Self
Phone: 817-937-5963
Number of Bedrooms: 2
Number of Floors: 1
Number of Rooms: 6
Square Feet: 1 ,100
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ADDRESS DESCRIPTION
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00USING ,
DEVELOPER
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Housing Construction acid
Project Mai agcmernt tic>fiu.are
01 /16/2004
Project: 3019 Halbert
Address: 3019 Halbert
City: Fort Worth
State: TX Zip Code: 76112
Structure Type: Single-Family Detached
Vumber of Dwellings: 1
Square Feet Common: 1,100
a I
Horrsrl�G. SUMMARY OF SPEC TITLES
APER
j .P.R.0
01/22/2004
Project: 3019HALBE Address: 3019 Halbert Unit: 3019 Halbert
Trade: 1 General Requirements
Spec Unit Total
Number Spec Quantity Units Price Price
0002.1 REHABILITATION TECH INPUT 1 .00 GR 0.00 0.00
0004.1 BID GRAND TOTAL 1 .00 GR 0.00 0.00
0005.1 OWNER'S FINISH SELECTIONS 1.00 DU 0.00 0.00
0010.1 OWNER ACCEPTS SCOPE OF WORK 1 ,00 DU 0,00 0.00
0014.1 CONTRACTOR ACCEPTS SCOPE OF WORK 1 .00 DU 0.00 0.00
0015.1 REHAB TECH ACCEPTS SCOPE OF WORK 1 .00 DU 0.00 0.00
0024.1 MANUFACTURER'S SPECS PREVAIL 1 .00 GR 0.00 0.00
0031 .1 CONSTRUCTION DEFINITIONS 1 .00 GR 0.00 0.00
0034.1 LINE ITEM BREAKDOWN 1 .00 DU 0.00 0.00
0035.1 VERIFY QUANTITIES/MEASUREMENTS 1 .00 GR 0.00 0.00
0036.1 BUILDING PERMIT REQUIRED 1.00 EA 0.00 0.00
0037.1 ELECTRICAL PERMIT REQUIRED 1 .00 EA 0.00 0,00
0033.1 PLUMBING PERMIT REQUIRED 1 .00 EA 0.00 0.00
0039.1 HVAC PERMIT REQUIRED 1 .00 EA 0.00 0.00
0040.1 ALL PERMITS REQUIRED 1 .00 AL 0.00 0.00
0046.1 PRE-CONSTRUCTION WALK-THRU 1 .00 DU 0.00 0.00
0060.1 JOB BEHAVIOR 1.00 GR 0.00 0.00
0077,1 NEW MATERIALS REQUIRED 1 .00 GR 0.00 0.00
0078.1 WORKMANSHIP STANDARDS 1 .00 GR 0.00 0.00
0080.1 CODES AND ORDINANCES 1 .00 GR 0.00 0.00
J085.1 CLOSE-IN INSPECTIONS REQUIRED 1 .00 EA 0.00 0.00
)086.1 HOLD HARMLESS 1 .00 GR 0.00 0.00
)090.1 1 YEAR GENERAL WARRANTY 1.00 DU 0.00 0.00
)100.1 FURNITURE REMOVAL/REPLACEMENT 1 .00 U11. 0.00
)1151 PERIODICALLY REMOVE DEBRIS 1 .00 [lo`, 0.00
)120.1 FINAL CLEAN 1.00 RM 0.00 1 0.00
HOUSING
SUMMARY OF SPEC TITLES
DEVELOPER
�•P R O '
T
0112212004
Project: 3019HALBE Address: 3019 Halbert Unit: 3019 Halbert
Trade: 1 General Requirements
Spec Unit Total
Number Spec Quantity Units Price Price
9610.1 FINAL CLEAN FOR LEAD 1 .00 GR 0.00 0.00
1 General Requirements Subtotal: $0.00
Trade: 4 Site Work
Spec Unit Total
Number Spec Quantity Units Price Price
0465.1 REMOVE TREE AND GRIND STUMP 1 .00 EA 250.00 250.00
4 Site Work Subtotal: $250.00
Trade: 5 Demolition & Disposal
Spec Unit Total
Number Spec Quantity Units Price Price
0735.1 DEMOLITION INTERIOR--CUSTOM- 3.00 EA 100.00 300.00
5 Demolition & Disposal Subtotal: $300.00
Trade: 6 Concrete & Paving
Spec Unit Total
Number Spec Quantity Units Price Price
0897.1 RAISE & STABILIZE FOUNDATION 1.00 DU 1 ,000.00 1 ,000.00
6 Concrete & Paving Subtotal: $1,000.00
Trade: 7 Masonry
Spec Unit Total
Number Spec Quantity Units Price Price
1130.1 FOUNDATION VENT--LARGE 2.00 EA 25.00 50.00
7 Masonry Subtotal: $50.00
✓"J i � 7, ;, r/8 „ i r/ N ..,. 1,nu.,o. , ;u i d, uw r,„<.l
HOUSING SUMMARY OF SPEC TITLES
MVELOPEC
01/22/2004
Project: 3019HALBE Address: 3019 Halbert Unit: 3019 Halbert
Trade: 9 Environmental Rehab
Spec Unit Total
Number Spec Quantity Units Price Price
9000,1 LEAD SAFE WORK PRACTICES 1 .00 GR 0.00 0.00
9001 "1 WORKER TRAINING - INTERIM CONTROLS 1 .00 GR 0.00 0.00
9003.1 LEAD ABATE, STAND & GUIDELINES 1 .00 GR 0.00 0.00
9004.1 HEALTH DEPT CONTRACTOR NOTIFICATION 1 .00 AL 0.00 0.00
9010.1 FLOOR PLAN REQUIREMENT 1.00, GR 0.00 0.00
9045.1 CONTRACTOR CERTIFICATION 1 .00 AL 0.00 0.00
9053.1 LEAD WORKER -- PROTECTION 1 .00 DU 0.00 0.00
9054.1 EYE WASH REQUIREMENT 1 .00 EA 0.00 0.00
9055.1 OSHA WARNING 1.00 EA 0.00 0.00
9056.1 PROTECTIVE CLOTHING 1 .00 EA 0.010 0.00
9057.1 WORKER TRAINING 1 .00 AL 0.010 0.00
9058.1 SUPERVISOR TRAINING 1.00 AL 0.00 0.00
9102.1 POST WARNING SIGN 1.00 EA 0.00 0.00
9 Environmental Rehab Subtotal: $0.00
..........
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i
JxOUSIM SUMMARY OF SPEC TITLES
DEVELOPER,
P-R O
'w -- 01/22/2004
9 , ,I (r !rr I f/ l,y/ r %�//��%1�J/'1rn �J%/ /rl��/�%%/�/ � ✓� ��,f�7��`�l, /� G ��/i ,��,��'r�/� /'/�/po� / r ) /
Project: 3019HALBE Address: 3019 Halbert Unit: 3019 Halbert
Trade: 10 Carpentry
Spec Unit Total
Number Spec Quantity Units Price Price
2405.1 TRIM 8.00 LF 2.00 16.00
2410.1 CROWN MOLDING 129.00 LF 0.40 100.60
2455.1 FUR DOWN--2"X4" 20.00 LF 10.00 200.00
2640.1 SIDING---VINYL 1 ,300.00 SF 2.50 3,250.00
2980.1 WINDOW--VINYLSNG HNG DBL GLZ 8.00 EA 250.00 2,000.00
3185.1 DOOR--PREHUNG METAL ENTRANCE 2.00 EA 380.00 760.00
3210.1 STORM DOOR--ALUMINUM 2.00 EA 190.00 380.00
3310.1 TRIM--DOOR SET FINGER JOINTED 1 .00 EA 60.00 60.00
3311 .1 CASE OPENING 2.00 EA 80.00 160.00
3360.1 DOOR--PREHUNG PASSAGE 4.00 EA 160.00 640.00
3725.1 CABINET--WOOD WALL 7.00 LF 65.00 455.00
3825.1 MEDICINE CABINET--SURF MOUNT 1 .00 EA 60.00 60.00
3835.1 ACCESSORY SET--5 PIECE CHROME 1 .00 EA 90.00 90.00
4030.1 OVERHANG 1.00 SF 40.00 40.00
4110.1 FLOOR ASSEMBLY--BATH/KIT 20.00 SF 14.00 280.00
4167.1 CLOSET-WATER HEATER 1.00 EA 350.00 350.00
4170.1 CLOSE IN OPENING 1.00 SF 10.00 10.00
10 Carpentry Subtotal: $8,851.60
r� J%,`, a r / I1 ,I 1%� /,, ,; rr Jig +��r// r('�fw� ���N?j � ' , 1 1 r�/,. , ➢1` � �f/ l`" a „�,n1J) r �,"v I
.. � I IYPRRRI�
j I
I HOUSIN�;_ii SUMMARY OF SPEC TITLES
DEVELOPER
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1 111,1111",
y','T01122/2004
1 K11, ' 's UNN :i TT
Project: 3019HALBE Address: 3019 Halbert Unit: 3019 Halbert
Trade: 15 Roofing
Spec Unit Total
Number Spec Quantity Units Price Price
4400.1 ROOFING--GENERAL REQUIREMENTS 1 .00 GR 0.00 0.00
4563.1 STRIP ROOF TO SHEATHING 3.00 SQ 100.00 300.00
4580.1 TEAR OFF AND REROOF SHINGLES 14.00 SQ 145.00 2,030.00
4665.1 REMOVE AND REPAIR GUTTER 1 .00 EA 100.00 100.00
4705.1 VENT--ROOF-MOUNTED TURBINE 1 .00 EA 75.00 75.00
4715.1 VENT--GABLE REPAIR 1 .00 EA 30.00 30.00
15 Roofing Subtotal: $2,535.00
Trade: 16 Conservation
Spec Unit Total
Number Spec Quantity Units Price Price
4935.1 ATTIC R-30 CELLULOSE 960.00 SF 0.55 528.00
16 Conservation Subtotal: $528.00
Trade: 17 Drywall & Plaster
Spec Unit Total
Number Spec Quantity Units Price Price
5202.1 DRYWALL--GENERAL REQUIREMENTS 5.00 GR 0.00 0.00
5208.1 DRYWALL--PATCH--SMALL 2.00 EA 20.00 40.00
5210.1 WALL COVERING--PATCH--LARGE 99.00 SF 5.00 495.00
5270.1 DRYWALL--1/2" WALL OR CEILINGS 888.00 SF 2.00 1 ,776.00
17 Drywall & Plaster Subtotal: $2,311.00
Trade: 18 Ceramic Tile
Spec Unit Total
Number Spec Quantity Units Pri-ce Price
5420.1 CERAMIC TUB SURROUND 55.00 SF 6.00 330.00
18 Ceramic Tie ,Suibt rW,' $330.00
1
MUSING- SUMMARY OF SPEC TITLES
DEVELOPER
h'uisn.tifwpTim'i�fui..vm;
�._ 01/22/2004
Project: 3019HALBE Address: 3019 Halbert Unit: 3019 Halbert
Trade: 19 Paint & Wallpaper
Spec Unit Total
Number Spec Quantity Units Price Price
5452.1 PAINTING--GENERAL REQUIREMENTS 9.00 GR 0.00 0.00
5490.1 PREP & PAINT SURFACE--SEMI GLOSS 2,367.00 SF 0.65 1 ,560.45
5520.1 PREP & PAINT CABINETS 8.50 LF 25.00 212.50
5600.1 TEXTURE--SPRAY 330.00 SF 0.90 181.00
5675.1 PREP & PAINT EXTERIOR TRIM 200.00 SF 0.72 144.00
5895.1 REFASTEN TRIM/MOLDING 2.00 RM 50.00 100.00
19 Paint & Wallpaper Subtotal: $2,197.95
Trade: 20 Floor Coverings
Spec Unit Total
Number Spec Quantity Units Price Price
5902.1 FLOOR COVER--GEN REQUIREMENTS 8.00 GR 0.00 0.00
5925.1 VINYL SHEET GOODS 12.00 SF 3.00 36.00
5930.1 UNDERLAY & VINYL SHEET GOODS 200.00 SF 5.50 869.00
5970.1 CARPET AND PAD 85.00 SY 21 .00 1 ,785.00
20 Floor Coverings Subtotal: $2,690.00
Trade: 21 HVAC
Spec Unit Total
Number Spec Quantity Units Price Price
6002.1 HVAC--GENERAL REQUIREMENTS 1 .00 GR 0.00 0.00
6015.1 HVAC ADJUST 1 .00 EA 500.00 500.00
21 HVAC Subtotal: $500.00
FIX��,� � 1 ��.. �...
� J ��
HOUSING SUMMARY OF SPEC TITLES
DEVELOPER'
01/22/2004
Project: 3019HALBE Address: 3019 Halbert Unit: 3019 Halbert
Trade: 22 Plumbing
Spec Unit Total
Number Spec Quantity Units Price Price
66021 PLUMBING--GENERAL REQUIREMENTS 1 .00 EA 0.00 0.00
6710.1 ROD AND CLEAN DRAINS 1 .00 EA 125.00 125.00
6763.1 GAS LINE--PRESSURE TEST 1.00 EA 250.00 250.00
6835.1 SINK--DOUBLE BOWL COMPLETE 1 .00 EA 350.00 350.00
6900.1 REUSE VANITY--24" 1 .00 EA 150.00 150.00
6945.1 BATHTUB--5' STEEL COMPLETE 1 .00 EA 500.00 500.00
7004.1 TOILET-RESET 1 .00 EA 40.00 40.00
7065.1 WATER HEATER--30 GALLON GAS 1 .00 EA 550.00 550.00
7120.1 WASHER PLUMBING 1.00 EA 350.00 350.00
7190.1 WATER SUPPLY--1 BATH HOUSE 1 .00 EA 2,400.00 2,400.00
7210.1 DRAIN/WASTE/VENT--1 BATH HSE 1 .00 DU 1 ,500.00 1 ,500.00
22 Plumbing Subtotal: $6,215.00
Trade: 23 Electric
Spec Unit Total
Number Spec Quantity Units Price Price
7402.1 ELECTRIC--GENERAL REQUIREMENTS 1 .00 GR 0.00 0.00
7470.1 ELECTRIC SERVICE--150 AMP 1 .00 EA 1 ,180.00 1 ,180.00
7820.1 BATH VENT FAN 1 .00 EA 100.00 100.00
7840.1 RANGE HOOD--RECIRCULATING 1 .00 EA 250.00 250.00
8110.1 REWIRE TO CITY CODE 1 .00 DU 2,100.00 2,100.00
8175.1 FLOOD LIGHT--DOUBLE BULB 1 .00 EA 60.00 60.00
23 Electric Subtotal: $3,690.00
i
H US G SUMMARY OF SPEC TITLES
DEVELOPER
F,R ,0 .
_.� 01/22/2004
Project: 3019HALBE Address: 3019 Halbert Unit: 3019 Halbert
Trade: 24 Extermination
Spec Unit Total
Number Spec Quantity Units Price Price
8302.1 EXTERMINATION--GENERAL REQS. 1 .00 GR 0.00 0,00
8305.1 EXTERMINATE TERMITES 1 .00 DU 750.00 750.00
8335.1 EXTERMINATE RODENTS 1 .00 DU 110.00 110.00
24 Extermination Subtotal: $860.00
Address: 3019 Halbert Unit: 3019 Halbert Total: $32,3018.55
Project: 3019HALBERT Total: $32,308.55
City of Fort Worth, Texas
Mayor and Council Communication
COUNCIL ACTION: Approved on 2110/2004
DATE: Tuesday, February 10, 2004
LOG NAME: 05SELF REFERENCE NO.: C-19965
SUBJECT:
Approval of Tax Abatement Agreement with Steve Self for Property Located in the Handley
Neighborhood Empowerment Zone at 3019 Halbert Street
RECOMMENDATION:
It is recommended that the City Council:
1. Approve a five-year Municipal Property Tax Abatement for a property located at 3019 Halbert Street
owned by Steve Self in the Handley Neighborhood Empowerment Zone (NEZ); and
2. Find that the statements set forth in the recitals of the attached Tax Abatement Agreement (the
Agreement) with Steve Self are true and correct; and 1
3. Authorize the City Manager to enter into a Tax Abatement Agreement with Steve Self for 3019 Halbert
Street in the Handley NEZ in accordance with the NEZ Tax Abatement Policy and Basic Incentives.
DISCUSSION:
Steve Self is the owner of the property at 3019 Halbert Street (Hyde-Jennings Subdivision, Block 7, Lot
10), located in the Handley NEZ and Neighborhood Empowerment Reinvestment Zone (NERZ) No, 9.
Steve Self applied for a five-year municipal property tax abatement under the NEZ Basic Incentives (M&C
G-13208R, M&C G-13580, M&C G-13662, and M&C C-19551, as amended). The Housing Department
reviewed the application and certified that the property meets the eligibility criteria to receive NEZ
municipal property tax abatement. The NEZ Basic Incentives offer a five-year municipal property tax
abatement on the increased value of improvements to the qualified owner of any rehabilated home within a
NEZ, provided that the rehabilitation on the property is equal to or in excess of 30% of the base value of
the property.
The proposed rehabilitation cost for this property is $32,308.55. This is more than the 30% required by the
NEZ Tax Abatement Policy and Basic Incentives. A description of the rehabilitation work to be done on the
home is attached as Exhibit "A." The Agreement is attached as Exhibit "B."
Upon execution of the Agreement, the total assessed value of improvement used for calculating municipal
property tax will be frozen for five years at the most recent pre-improvement value as defined by the
Tarrant Appraisal District (TAD). The tax abatement only applies to the improvement value, not the
land. The term of the abatement shall begin on January 1 of the year following the calendar year in which
the required improvement was completed, and unless sooner terminated, shall end on December 31
immediately preceding the fifth anniversary of the beginning date. In January 2004, TAD estimated the
pre-improvement value of the property as follows:
Pre-improvement TAD Value of Improvements $23,200.00
LoQname: 05SELF
Pre-improvement Estimated Value ofLand $ 6.400.00
Total Pre-improvement Estimated Value $29.600M
The rnuOioipo/ property tax on the improved value of the home after its construction is estimated at $67.07
per year, for a total of $335.35 over the five year period. Hovvever, this estimate may be different from the
actual tax abatement value which will be calculated based onthe TAD appraised value nfthe property.
The tax abatement agreement provides that the agreement may be assigned without subsequent City
Council approval to Steve Self first nnortgagee, or to a homeowner who will use the required improve-
ments as his/her primary residence or the homeowner's mortgagee. All Other assignments must be
approved bythe City Council.
This property iolocated in COUNCIL DISTRICT 5.
FISCAL .
The Finance Director certifies that this action will have no material effect on City funds.
TO Fund/Account/Centers FROM Fund/Account/Centers
Submitted for City Manager's Office y:bT-
Reid Rector /O14O\
Jerome Walker (7537)
Additional Information Contact: Jerome Walker (7537)
Sarah Odle (7316)
Lnonume- 058TgY