Ordinance No. 12,520ORDINANCE NO. 12,520
AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF BAYTOWN, TEXAS,
AUTHORIZING AND DIRECTING THE CITY MANAGER TO EXECUTE AND
THE CITY CLERK TO ATTEST TO A CHAPTER 380 ECONOMIC DEVELOPMENT
AGREEMENT WITH KSTX BAYTOWN, LLC; AUTHORIZING PAYMENT BY
THE CITY OF BAYTOWN AS AUTHORIZED IN SAID AGREEMENT; MAKING
OTHER PROVISIONS RELATED THERETO; AND PROVIDING FOR THE
EFFECTIVE DATE THEREOF.
*************************************************************************************
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF BAYTOWN, TEXAS:
Section 1: That the City Council of the City of Baytown hereby authorizes and directs the
City Manager to execute and the City Clerk to attest to a Chapter 380 Economic Development Agreement
with KSTX Baytown, LLC. A copy of the agreement is attached hereto, marked Exhibit "A," and made a
part hereof for all intents and purposes.
Section 2: That the City Council of the City of Baytown authorizes payment in accordance
with the agreement authorized in Section 1 hereinabove.
Section 3: This ordinance shall take effect immediately
City Council of the City of Baytown.
INTRODUCED, READ and PASSED by the affirmative
Baytown this the 10"' day of April, 2014. G
and after its passage by the
of the gity Council of the City of
Mayor
ATT ST:
i 3t Y
• u.
ETICIA BRYSCH, Ci Clerk r : O
APPROVED AS TO FORM:
ACIO RAMIREZ, SR., C' Attorney
R:\Karen\Files\CityCouncil\Ordinances\2014\ApriI 10\Kroger380EconomicDevelopmentAgreementOrdinance.doc
"Exhibit A"
CITY OF BAYTO`VN / KSTX BAYTO`VN, LLC
CHAPTER 380
ECONOMIC DEVELOPMENT AGREEMENT
STATE OF TEXAS §
COUNTY OF HARRIS §
This Chapter 380 Economic Development Agreement ("Agreement") is made and entered
into by and between KSTX Baytown, LLC, a Texas limited liability company qualified to do
business in Texas, its successors and assigns ("DEVELOPER") and the CITY OF BAYTOWN,
TEXAS, a home rule city and municipal corporation ("CITY").
RECITALS
WHEREAS, as part of the Project, the CITY seeks to induce DEVELOPER to cause the
creation and/or retention of at least 135 FTE jobs in connection with the operations of Kroger
Marketplace at the Project site in the corporate limits of Baytown, Texas, which jobs will
promote state and local economic development and stimulate business and commercial activity
within the corporate limits of Baytown; and
WHEREAS, as part of the Project, the CITY seeks to induce DEVELOPER to invest at
least $21,000,000 by December 31, 2015, in real property improvements, new equipment and
machinery, at its site or sites within the corporate limits of Baytown; and
NOW, THEREFORE, in consideration of the mutual benefits and promises and for other
good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged,
the CITY and DEVELOPER agree as follows:
I.
Authority
1.01 CITY. The CITY's execution of this Agreement is authorized by Chapter 380 of the
Texas Local Government Code and constitutes a valid and binding obligation of the
CITY.
1.02 DEVELOPER. DEVELOPER'S execution and performance of this Agreement
constitutes a valid and binding obligation of DEVELOPER. The CITY acknowledges that
DEVELOPER is acting in reliance upon the CITY'S performance of its obligations under
this Agreement in making its decision to invest its funds and expand employment in
Baytown.
Chapter 380 Economic Development Agreement Page I
1I.
Definitions
2.01 "Project": A new shopping center with approximately 170,000 square feet of new retail
shops and anchored by a 120.000 square -foot Kroger Marketplace on Garth Road at the
approximate location delineated in Exhibit "A," which is attached hereto and
incorporated herein for all intents and purposes.
2.02 "Effective Date" is April 10, 2014.
2.03 "FTE' means full-time equivalent employee working 35 hours per week at the Kroger
Marketplace. FTE's shall be quotient of the total numbers of hours worked per week by
all employees at the Kroger Marketplace divided by 35 hours.
2.04 "Program" means the economic development program for this Project established by the
CITY pursuant to Texas Local Government Code Chapter 380 to promote local economic
development and stimulate business and commercial activity within the CITY.
2.05 "HCAD" means the Harris County Appraisal District or its successor.
2.06 "Annual ,Sales Taxes Collected at the Project" means the actual amount of the 1% sales
and use taxes authorized by Section 321.101(a) of the Texas Tax Code and received by
the City for sales at the Project during the previous twelve months, including those
monies received after the collection period because of delinquency or protest.
2.07 "Annual Sales Taxes Collected at Previous Site" means the actual amount of the 1% sales
and use taxes authorized by Section 321.101(a) of the Texas Tax Code and received by
the City for sales at the Kroger located at 4533 Garth Road, Baytown, Harris County,
Texas, (luring the year ending December 31, 2014.
2.08 "Incremental Annual Sales Taxes Collected" means the difference between the Annual
Sales Taxes Collected at the Project and the Annual Sales Taxes Collected at Previous
Site.
2.09 "Reiinbursement 'Perm" means the ten (10) year period beginning on January 1, 2016 and
ending on January 1, 2026. The issuance of the C.O. for the Project is projected to be 4th
Quarter, 2015. Thus, the reporting and reimbursement on taxable sales for calendar years
of 2016 and 2026 will be pro -rated accordingly and as follows: Four (4) months for
calendar year 2015 and four (8) months for calendar year 2025, ending on 4th Quarter,
2026.
III.
DEVELOPER Obligations
3.01 Creation of Jobs.
Between the Effective Date and one year after the date the certificate of occupancy is
issued for the Kroger Marketplace, DEVELOPER will cause the creation and/or retention
C'haDter 380 Economic Development Agreement, Page 2
of at le ist 135 FTE jobs at the Kroger Marketplace, which ,hall be maintained for the
term of this Aureement. In the event of a voluntary or involuntary termination or
elimination of a job after the date of the issuance of the certificate of occupancy for the
project that causes the number of FTE's to fall below 135, DEVELOPER shall continue
to receive the incentives set out in Section 5.01 below, provided the required number of
FTE's is re-established within one hundred twenty (120) days after the date of the
termination or elimination that caused the FTE's to fall below 135. For purposes of this
Agreement, the creation of jobs may be completed at the Project by outside parties other
than the Developer.
3.02 Creation of Taxable Value. Between the effective date of this Agreement and January 1,
2016, DEVELOPER will cause to be constructed the Project with a taxable value of at
least $15,000,000, as assessed by HCAD. The property must maintain a taxable value of
at least $15,000,000 for the term of this Agreement.
3.03 Certificate of Compliance and Inspection.
(a) DEVELOPER shall annually deliver to the CITY a Certificate of Compliance, at
the time that DEVELOPER delivers to the CITY the annual Property Tax Notice,
utilizing the form attached as Exhibit B. The form is subject to revision by the
CITY in its sole discretion.
(b) In the Certificate of Compliance, DEVELOPER shall warrant to the CITY
whether it is in full compliance with each of its obligations under this Agreement,
including the number of FTE jobs maintained by DEVELOPER for the preceding
year pursuant to Section 3.01 above.
(c) The CITY, and/or its representative(s), has the right to inspect only such pertinent
records of DEVELOPER as are reasonably necessary to verify compliance with
all requirements of this Agreement. Inspections shall be preceded by at least two
week's notice in writing to DEVELOPER. DEVELOPER shall make copies of
the pertinent records available to the CITY at the Project site or deliver them
directly to the City.
3.04 Failure to Meet Obli ations. In the event that DEVELOPER fails to fulfill its obligations
under the performance guidelines contained in this Article III, after receipt of notice and
expiration of the cure period described in Section 5.03 below, the CITY may, at its
option, terminate this Agreement, whereupon DEVELOPER shall be required, as the
City's sole and exclusive remedy, to reimburse the CITY within 30 days for payments
made by the CITY pursuant to this Agreement in accordance with the following:
Chapter 380 Economic De%elopment Agreement Page 3
1 1 1
2019
1 1 1
{ 80��0
2020
70%
2021
60%
2022
5010
2023
40%
2024
30%
2025
20%
2026
10%
IV.
CITY Obligations
4.01 Economic Development Grant.
(a) The CITY shall pay to the DEVELOPER an economic development grant in the
form of periodic payments made solely from Incremental Annual Sales Taxes
Collected pursuant to Chapter 380 of the Texas Local Government Code, an
amount not to exceed TWO MILLION FIVE HUNDRED THOUSAND AND
NO/100 DOLLARS ($2,500,000.00) (the "Economic Development Grant"). The
Economic Development Grant is comprised exclusively of the Incremental
Annual Sales Taxes Collected, which grant expires ten (10) years from the date of
the certificate of occupancy for the Project unless the agreement is earlier
terminated. The payments upon termination shall be in accordance with the
reimbursement terms set forth in section 3.04. The DEVELOPER understands
and agrees that the CITY is not certifying or otherwise encumbering any funds for
the Economic Development Grant and does not have any monies for the same.
The DEVELOPER agrees not to make any claims against the CITY for any
monies other than those from the Incremental Annual Sales Taxes Collected.
(b) The Incremental Annual Sales Tax Collected shall be paid in annual installments
beginning fourteen months after the date the Kroger Marketplace store opens to
the public. The CITY shall have the right to pay the Incremental Annual Sales
Tax collected more frequently than annually. If this Agreement is not terminated
prior to the expiration of the term of this Agreement, the final payment to the
DEVELOPER, subject to the maximum amount, shall be that portion of the
Incremental Annual Sales Tax Collected paid as of the date of the expiration of
this Agreement.
(c) The DEVELOPER shall use commercially reasonable efforts to provide the CITY
with an updated list of the tenants at the Project in order to calculate the
Incremental Annual Sales Tax. Tire tenant list shall be provided to the CITY in
writing within 15 clays of any change in tenancy. Such list shall contain the full
name of the tenant, the term of the lease, the taxpayer number and outlet number
if applicable and any other information deemed necessary or advisable by the
Chaoter 380 Economic Development Agreement Page 4
CITY in order to calculate the Incremental _annual Sales "tax. If requested by the
tenant, the CITY will keep such ,ales tax data of an individual tenant or
landowner confidential to the extent permitted by law.
=1.02 Waiver of Certain Tees. The CITY will waive the CITY'S building permit, plan review,
inspection and platting fees concerning the Project. It is expressly understood and agreed
that nothing herein shall be construed to waive the CITY'S impact fees or require the
CITY to pay fees charged by other governmental authorities with jurisdiction over the
Project.
V.
General Terms
5.01 Tenn. This Agreement shall become enforceable upon execution by the City Manager of
the CITY and shall be effective on the Effective Date. Unless terminated earlier in
accordance with its teens, this Agreement shall terminate on March 1, 2027.
5.02 Default. If either the CITY or DEVELOPER should default in the performance of any
obligations of this Agreement, the other party shall provide such defaulting party written
notice of the default, and a minimum period of ninety (90) days after the receipt of said
notice to cure such default, prior to instituting an action for breach or pursuing any other
remedy for default.
5.03 Termination. In the event DEVELOPER elects not to proceed with the Project as
contemplated by this Agreement, DEVELOPER shall notify the CITY in writing, and this
Agreement and the obligations on the part of both parties shall be deemed terminated and
of no further force or effect. If so terminated, DEVELOPER shall be required to
reimburse the CITY for all monies paid and/or waived by the CITY pursuant to Section
4.0 l hereinabove prior to the termination being effective.
5.04 Mutual Assistance. CITY and DEVELOPER will do the things commercially reasonable,
necessary or appropriate to carry out the terms and provisions of this Agreement, and to
aid and assist each other in carrying out such terms and provisions in order to put each
other in the same economic condition contemplated by this Agreement regardless of
changes in public policy, the law or taxes or assessments attributable to DEVELOPER
facilities.
5.05 Entire Agreement. This Agreement contains the entire agreement between the parties. All
prior negotiations, discussions, correspondence, and preliminary understandings between
the parties and others relating hereto are superseded by this Agreement. This Agreement
may only be amended, altered or revoked by written instrument signed by the CITY and
DEVELOPER.
5.06 linding Effect. This Agreement shall be binding on and inure to the benefit of the parties
and their respective successors and assigns.
Chapter 330 Economic Development Agreement Page 5
5.071 assignment. Except as provided below, DEVELOPER may not assign all or part of its
rights and obligations to a third party without prior written approval of the CITY, which
approval shall not be unreasonably withheld or delayed. Notwithstanding anything to the
contrary, DEVELOPER may assiID
gn all or part of its rights and obligations without the
prior consent of the CITY to an affiliate of DEVELOPER and to a third party lender
advancing funds for the acquisition, constriction or operation of Project.
5.08 Release. By this Agreement, the CITY does not consent to litigation or Suit, and the
CITY hereby expressly revokes any consent to litigation that it may have granted by the
terms of this Agreement or any other contract or agreement, any charter, or applicable
state law. Nothing contained herein shall be construed in any way so as to waive in
whole or part the CITY's sovereign immunity. DEVELOPER assumes full
responsibility for its obligations under this Agreement performed hereunder and hereby
releases, relinquishes, discharges, and holds harmless the CITY, its officers, agents, and
employees from all claims, demands, and causes of action of every kind and character
that is caused by or alleged to be caused by, arising out of, or in connection with
DEVELOPER'S obligations hereunder. This release shall apply with respect to
DEVELOPER'S work regardless of whether said claims, demands, and causes of action
are covered in whole or in part by insurance.
5.09 force Majeure. Timely performance by the parties is essential to this Agreement.
I lowevcr, neither party is liable for reasonable delay in performing its obligations under
this Agreement to the extent the delay is caused by a force majeure that directly impacts
the Agreement (excluding monetary obligations); provided that the affected party (i) uses
diligence to remove the effects of the force majeure as quickly as possible and (ii)
provides the other party with written notice of the force majeure and its possible effects
within ten (10) days of the occurrence of the force majeure. For purposes of this section,
"force majeure" shall mean any contingency or cause beyond the reasonable control of a
party, as applicable, including, without limitations, acts of God or the public enemy, war,
riot, civil commotion, insurrection, adverse weather, government or de facto
governmental action or inaction (unless caused by negligence or omissions of such
party), fires, explosions, floods, strikes, slowdowns or work stoppages, shortage of
materials and labor.
5.10 Notice. Any notice and/or statemcut required or permitted to be delivered shall be
deemed delivered by actual delivery, by facsimile, with receipt of confirmation, or by
depositing tl_ same in the United States mail, certified with return receipt requested,
postage prepaid, addressed to the appropriate party at the following addresses:
DEVELOPL,Z:
KSTX Baytown, LLC
3120 Rogerdale, Suite 150
Houston, TX 77042
Chanter 380 Economic Development Agreement, Page 6
CITY:
City of Baytown
P.O. Box 424
Baytown, TX 77522
FAX: 281-420-6586
Attn: City Manager
Either party may designate a different address at any time upon written notice to the other
party.
5.11 Interpretation. Each of the parties has been represented by counsel of their choosing in
the negotiation and preparation of this Agreement. Regardless of which party prepared
the initial draft of this Agreement, this Agreement shall, in the event of any dispute
regarding its meaning or application, be interpreted fairly and reasonably and neither
more strongly for, nor against any party.
5.12 Applicable Law. This Agreement is made, and shall be construed and interpreted, under
the laws of the State of Texas and venue shall lie in the State courts of Harris County,
Texas.
5.13 Severability. In the event any provisions of this Agreement are illegal, invalid or
unenforceable under present or future laws, and in that event, it is the intention of the
parties that the remainder of this Agreement shall not be affected. It is also the intention
of the parties that in lieu of each clause and provision that is found to be illegal, invalid or
unenforceable, a provision be added to this Agreement which is legal, valid or
enforceable and is as similar in terms as possible to the provision found to be illegal,
invalid or unenforceable.
5.14 Paragraph Headings. The paragraph headings contained in this Agreement are for
convenience only and will in no way enlarge or limit the scope or meaning of the various
and several paragraphs.
5.15 No Third Party Beneficiaries. This Agreement is not intended to confer any rights,
privileges or causes of action upon any third party.
5.16 No Joint Venture. It is acknowledged and agreed by the parties that the terms of this
Agreement are not intended to and shall not be deemed to create any partnership or joint
venture among the parties. The CITY, its past and future officers, elected officials,
employees andagents do not assume any responsibilities or liabilities to any third party in
connection with DEVELOPER facilitie,, or the design, construction or operation of any
portion of the facilities.
5.17 Public Information. Records and information provided to the CIT`,' or its
representative(s) to verify compliance with this Agreement shall be available for public
inspection.
Chapter 380 Economic Development Agreement, Page 7
5. l3 Exhibits. rhe following Exhibits "A" and "B" are attached and incorporated by reference
for all purposes.
5.19 Multiple Originals. 'Chis Agreement may be executed in multiple counterparts, each of
which shall be deemed an original, and all of which, taken together, shall constitute but
one and the same instrument, which may be sufficiently evidenced by one counterpart.
5.20 Authority to Enter Contract. Each party has the full power and authority to enter into and
perform this Agreement, and the person signing this Agreement on behalf of each party
has been properly authorized and empowered to enter into this Agreement. The persons
executing this Agreement hereby represent that they have authorization to sign on behalf
of their respective entities.
5.21 Non -Waiver. Failure of either party hereto to insist on the strict performance of any of
the agreements contained herein or to exercise any rights or remedies accruing hereunder
upon default or failure of performance shall not be considered a waiver of the right to
insist on and to enforce by an appropriate remedy, strict compliance with any other
obligation hereunder to exercise any right or remedy occurring as a result of any future
default or failure of performance.
below. EXECUTED by the authorized representatives of the parties on the dates indicated
KSTX Baytown LLC
A Texas limited liability company
By:
'Phomas Lile, Manager
. Apol J Eh 2014—
(Date)
CITY OF BAYTOWN, TEXAS,
ROBERT D. LEIPER
City Manager
(Date)
Chapter 380 Economic Development Agreement, Page 8
\ FTEST:
LETICIA BRYSCII
City Clerk
APPROVED AS TO FORM:
IGNACIO RAMIREZ, SR.
City Attorney
STATE OF TP-xAS
COUNTY OF HAfZ&i `� §
The foregoing instrument was acknowledged before me on this It' day of d Citi
2014, by �h tai Il. L.,(P as NUAWN4,
of STX "&ttlrt. n, Lu. a C.zuas Ltrrt ~c 11abit'iz rn ca peta iarL and
Managing Member of KSTX BAYTOWN, LLC, a Texas limited lia ility corr4r any, on behalf of
said entities.
[SEAL
r'
LORRAINE BEDDINGFIELD
Notary Public, State of Texas '.E (G� - l
`Ay Commission Expires
rF; lune 20, zota Notary PL lic
1
R:\Karen\files\Contracts\Kroger 380\380 Agreement03222014.doc
Chapter 380 Economic Development Agreement Page 9
Exhibit "A"
Plat and Drawing of the Kroger Marketplace Shopping Center
Chapter 380 Economic Development Agreement, Page 10
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WANAMAKER BAYTOWN KROGER
PRELIMINARY PLAT
A SLAOMSON OF 3.663 ACRES OF LAND
BERG DUE OF BLOCK 34 MOI." FARMS
AS RECORCED UNDER Y LUUE 10. PAGE 47. N CUP AND A PARTIAL REPLAY OF 01 2 ACADEMY
SPOUTS AND OUTDOORS BAYTOiM AS RECORDED AT ELI CODE MKIBER LUIB1. MDMA
LOCATED M THE
■.0 R R COMPANY SURVEY. A-1
CITY OF BAYEO*K HARM COUNTY. TEAAS
REASON FOR REPLAY TO CREATE SA (6) RESTRICTED RESERVES
6 RESERVES 1 BLOCK
OMA! O.Iat ENONEER SLAVEYOR:
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WANAMAKER BAYTOWN KROGER
PRELIMINARY PLAT
A SLAOMSON OF 3.663 ACRES OF LAND
BERG DUE OF BLOCK 34 MOI." FARMS
AS RECORCED UNDER Y LUUE 10. PAGE 47. N CUP AND A PARTIAL REPLAY OF 01 2 ACADEMY
SPOUTS AND OUTDOORS BAYTOiM AS RECORDED AT ELI CODE MKIBER LUIB1. MDMA
LOCATED M THE
■.0 R R COMPANY SURVEY. A-1
CITY OF BAYEO*K HARM COUNTY. TEAAS
REASON FOR REPLAY TO CREATE SA (6) RESTRICTED RESERVES
6 RESERVES 1 BLOCK
OMA! O.Iat ENONEER SLAVEYOR:
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WANAMAKER BAYTOWN KROGER
PRELIMINARY PLAT
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AS RECORDED UNDER VOLUME 10. PAGE 17. H.0 M.R. ANO A PARRAL REPLAY OF LOT 2. ACADEMY
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LOCATED N THE
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REASON FOR REPLAY. TO CREATE 9X (6) RESMCTED RESERVES
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PROWL IN1.2 1017-1303—P SCALE 1'- 100' DATE. MARCH 12. 2014
Swot 2 O ]
Exhibit "B"
Economic Development Agreement Reporting Form
City of Baytown
REPORTING YEAR 20
1.0 Employment
1.1 Number of FTE's at facility for reporting year:
Total
2.0 Investment
2.1 Agreement requires a taxable value of
the Project.
Investment for first year
3.0 Value.
Total investment for first year of the agreement: $
HCAD appraised value for subsequent reporting years: $
by
for
I, the authorized representative, hereby certify that the above
information is correct and accurate pursuant to the terms of the Agreement.
DEVELOPER
(Signature)
(Printed Name)
(Title)
Chapter 380 Economic Development Agreement Page 1 I