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Ordinance No. 8,373A980827 -1 ORDINANCE NO. 8373 -A AN ORDINANCE SETTING A DATE, TIME AND PLACE FOR A PUBLIC HEARING ON THE NOMINATION AND DESIGNATION OF AN AREA OF THE CITY AS THE BAYTOWN ASPHALT MATERIALS REINVESTMENT ZONE; AUTHORIZING AND DIRECTING THE CITY CLERK TO PUBLISH AND GIVE NOTICE OF SUCH PUBLIC HEARING; AND PROVIDING FOR THE EFFECTIVE DATE THEREOF. BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF BAYTOWN, TEXAS: Section 1: On the 10' day of September, 1998, at 6:35 o'clock p.m., in the City Council Chambers of the City Hall of Baytown, Texas, the City Council will hold a public hearing giving all interested parties the right to appear and be heard on the nomination and designation of an area of the City as the Baytown Asphalt Materials Reinvestment Zone, which includes the property described in Exhibit "A," which is attached hereto and incorporated herein for all intents and purposes. Section 2: The City Clerk of the City of Baytown is hereby authorized and directed to cause notice of the public hearing to be published once in the newspaper having general circulation in the City not later than the seventh (7") day before the date of the public hearing and to give notice to the presiding officer of the governing body of each taxing unit that includes in its boundaries real property that is to be included in the proposed Baytown Asphalt Materials Reinvestment Zone no later than the seventh (7`h) day prior to the date of the hearing, all in accordance with Section 312.201 of the Texas Tax Code and Resolution No. 1327 of the City Council of the City of Baytown. Section 3: This ordinance shall take effect immediately from and after its passage by the City Council of the City of Baytown. INTRODUCED, READ and PASSED by the affirmative vote of the City Council of the City of Baytown this the 27`h day of August, 1998. A� q, Lo. &d:: � �� PETE C. ALFARO, ayor ATTEST: i,e kL� - Ze 7444� EILEEN P. FALL, City Clerk APPROVED AS TO FORM: ACIO RAMIREZ, ity Attorney c:klh 104 \CityCounci]\ Ordinance\ SettingPtiblici- learing4B aytownAsphaltMaterialsReinvestmentl- lcaring.Ord • �11,11 I EXMWT A -� PO E LGl5�l�1 7600 f LyU} u C.. +,cw o- 7 c c 2 x`I `` J i BiYTOWN r +l 5S 1p y 1 101 IP a0 OLD atto fro oL0 al ') � aolK2 a0 9500 '' y / $ a Vk a � 4 _ ��� 4�P • EL E'� 8 ? DELCP A OMP m 1 s� I D n PUKTIaG L clue ; c E. ,�,jFp�� z O T KL S D +jARAN Ll1 QS f. s OR TO K� y T IVFS O n ' 11A. TOU 5 d N 7 1 J lS Z 00 � f,[IC L O OR RO N 90 7 *Ut L N • �n X Z O r AtCHCw o � ~ AT 6F0- / O APE R 'Ile Q4V J L • 3 S 302 ZAr � 111 E Y FNGHLP I!• : "f) rIi a ROMKES rfOt st G 4 [• 4 O b )�W P w ,IL h 2100 F o n O E oo 2JOOQ o E vY = t�H! Q woa[n 0tvv j09 }n r o g +^,}G 7 HARK n A,,10 MP OA L9 t5r ` � o O r 2 1t CC Ww lA Dl C rI ' CEO c a vc CC A� x D eCfOG -O ^ EL OIS ly I^ IN v F h 1.O3 ,P[Ea � rcll+raTS E °r E o3 v O TtRp}f1M av wC.." 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TIM-[ ■ ® Cit y Y ®f Baytown Tax Abatement Agreement For Real Property Located in the Baytown Asphalt Materials Reinvestment Zone THE STATE OF TEXAS COUNTY OF HARRIS This Tax Abatement Agreement ( "Agreement ") is made and entered into by and between City of Baytown, Texas ( "City "), and Houston Shell and Concrete Company, a Texas corporation ( "Owner "), the owner of taxable property in Hams County, Texas, and Baytown Asphalt Materials, Inc., a Texas corporation ( "Lessee "), the lessee of taxable property in Harris County, Texas, located in Baytown Asphalt Materials Reinvestment Zone ( "Reinvestment Zone "). Authorization This Agreement is authorized by the Texas Property Redevelopment and Tax Abatement Act and Ordinance No. of the City Council of the City of Baytown, Texas, providing for the designation of the Reinvestment Zone. II Definitions For the purpose of this Agreement, the definitions set forth in Resolution No. of the City Council of the City of Baytown, Texas, which is attached hereto as Exhibit "A" and incorporated herein for all intents and purposes, shall govern unless it is apparent from the context that the term as used herein has a different meaning or unless such word is specifically defined in this article. All other words shall be given their common, ordinary meanings, as the context may reasonably suggest. a. Abatement means the full or partial exemption from ad valorem taxes of certain property in the Reinvestment Zone designated for economic development purposes. b. Base Year Value means the appraised value of the property within the Reinvestment Zone as certified by the Harris County Appraisal District as of January 1 preceding the execution of this Agreement plus the agreed upon value of eligible property improvements made after January 1 but before the execution of the Agreement. Tax Abatement Agreement Page 1 Exhibit A C. Construction Phase means a material and substantial improvement of the property which represents a separate and distinct construction operation undertaken for the purpose of erecting the Improvements. The period of Construction Phase ends when commercial production of "on specification" product is achieved at the facility. d. Eligible Property means the buildings, structures, fixed machinery, equipment and process units, site improvements, and that office space and related fixed improvements necessary to the•operation and administration of the facility. e. Improvements means the buildings or portions thereof and other improvements, including fixed machinery, equipment and process units, used for commercial or industrial purposes that are erected by the Lessee on the property after January 1, 1998. f. Ineligible Property means land, inventories, supplies, tools, furnishings and other forms of movable personal property, vehicles, vessels, aircraft, housing, hotel accommodations, deferred maintenance investments, improvements for the generation or transmission of electrical energy not wholly consumed by a new facility or expansion, any Improvements, including those to produce, store, or distribute natural gas, fluids, or gases which are not integral to the operation of the facility, and property that has an economic life of less than fifteen (15) years, and any property owned or used by the State of Texas or its political subdivisions or any organization owned, operated, or directed by a political subdivision of the State of Texas. g. New Eligible Property means Eligible Property, the construction of which commences subsequent to the date of execution of this Agreement. A list of the New Eligible Property is set forth in Lessee's Application for Tax Abatement in the City of Baytown, which is attached hereto as Exhibit "B" and incorporated herein for all intents and purposes. During the Construction Phase of the New Eligible Property, the Lessee may make such change orders to the New Eligible Property as are reasonably necessary to accomplish its intended use. III Property The Reinvestment Zone is an area within Harris County, Texas, more fully described in Exhibit "C," which is attached hereto and made a part hereof for all intents and purposes. The property subject to this Agreement is located within such zone and more fully described in Exhibit "B," attached hereto and made a part hereof. ® The Harris County Appraisal District has established the following preliminary values for the subject property as of January 1, 1998: Tax Abatement Agreement, Page 2 ® Account No. 0410250030006 Value n Land $125,840.00 Improvements 137,940.00 As such, the above - referenced values or the values hereinafter established by the Harris County Appraisal District shall be the Base Year Values for purposes of this Agreement. IV Value and Term of Agreement Abatement on the Improvements shall be permitted only for the additional value of Eligible Property as defined in Section 2 of the Guidelines and Criteria and as specifically listed in Exhibit "A." This abatement shall be granted effective January 1, immediately following the date of execution of this Agreement (the "Effective Date of Abatement "). The portion of eligible property value to be abated shall be in accordance with the following schedule: The construction phase shall continue for two years or when the construction of the facilities are complete and commercial production of hot mixed asphalt concrete material is achieved at the facility, whichever is earlier. If the period of construction extends beyond two years from the Effective Date of abatement, the facility shall be considered completed for purposes of abatement and in no case shal I be Abatement Period inclusive of construction and completion exceed five years from the Effective Date of Abatement. The abated value shall be the value of eligible property as defined in Section 2 of the Guidelines and Criteria less the value of any existing property as defined in Section 2 of the Guidelines and Criteria. Tax Abatement Agreement, Page 3 Abatement Yeai. "Percentage 100% Construction Phasc 2 100% Construction Phase Ist Year after 100% Construction Phase 4 ,)nd Year after 75% Construction Phase 5 3rd Year After 50% Construction Phase The construction phase shall continue for two years or when the construction of the facilities are complete and commercial production of hot mixed asphalt concrete material is achieved at the facility, whichever is earlier. If the period of construction extends beyond two years from the Effective Date of abatement, the facility shall be considered completed for purposes of abatement and in no case shal I be Abatement Period inclusive of construction and completion exceed five years from the Effective Date of Abatement. The abated value shall be the value of eligible property as defined in Section 2 of the Guidelines and Criteria less the value of any existing property as defined in Section 2 of the Guidelines and Criteria. Tax Abatement Agreement, Page 3 n V Taxability During the period that a tax abatement is effective, taxes shall be payable as follows: (1) The value of Ineligible Property shall be fully taxable; (2) The Base Year Value of existing Eligible Property, as determined each year, shall be fully taxable; and (3) The additional value of New Eligible Property shall be taxable in the manner as described in Section 2(g) of the Guidelines and Criteria and in accordance with Article IV of this Agreement. The estimated value of the Improvements to be abated pursuant to the Agreement is $2,000,000.00. The City shall enter into only one tax abatement agreement for the Improvements described in this Agreement during the existence of the Reinvestment Zone as designated by Ordinance No. VI Contemplated Improvements As set forth in the Application, attached as Exhibit "C," the Lessee represents that it will construct a hot mixed asphalt concrete material facility that it reasonably expects will cost approximately $2,000,000.00, which shall be used for commercial or industrial purposes ( "New Facility "). It is contemplated that this construction project will result in the creation of 25 jobs and an average often construction jobs during the construction phase of the New Facility. The project is not expected to solely transfer or primarily have the effect of transferring employment from one part of Baytown to another. The New Facility as well as any other improvements on the property within the Reinvestment Zone shall be completed in accordance with all applicable laws, ordinances, rules or regulations, including the City's zoning ordinance. The New Facility is expected to initiate or further the active conduct of a trade or business within the Reinvestment Zone. The Lessee further agrees that construction of the improvements will begin on or before October 10, 1998, with completion on or before November 30, 1998. Tax Abatement Agreement, Page 4 • VIi Event of Default During the abatement period covered by this Agreement, the City may declare a default hereunder by the Owner and the Lessee if the Lessee fails to commence construction of the New Facility described in Part VI above and the Application attached hereto as Exhibit "C" on or before October 10, 1998, fails to complete construction on or before November 30, 1998, fails to construct the New Facility described in Part VI above, refuses or neglects to comply with any of the terms of this Agreement, or makes any representation pursuant to this Agreement which is false or misleading in any material respect. Should the City determine the Owner and Lessee to be in default of this Agreement or in any respect, except for the failure to timely commence construction or pay taxes when due, the City shall notify the Owner and Lessee in writing prior to the end of the abatement period, and if such default is not cured within sixty (60) days from the date of such notice ( "Cure Period "), then this Agreement may be terminated; provided, however, that in the case of a default that, for causes beyond Owner's or Lessee's reasonable control, cannot with due diligence be cured within such sixty (60) day period, the Cure Period may be extended, at the sole discretion of the City, if the Owner or Lessee (1) immediately, upon the receipt of such notice, advises the City of Owner's or Lessee's intention to institute all steps necessary to cure such default and (ii) institutes and thereafter prosecute to completion with reasonable dispatch all steps necessary to cure same. If the default is caused by the Owner or Lessee's failure to commence the project described in Exhibit "C" within the above - referenced time frame, this Agreement will terminate automatically with no further notice to the Owner or Lessee or opportunity to cure the default being necessary. If this Agreement is automatically terminated, all taxes previously abated by virtue of this Agreement, if any, will be recaptured and paid within 30 days of the automatic termination. In the event that Owner or Lessee allows its ad valorem taxes owed the City to become delinquent and fails to timely and properly follow the legal procedures for their protest and /or contest, or if the Owner or Lessee violates any of the terms and conditions of this Agreement and fails to cure during the Cure Period, this Agreement may then be terminated and all taxes previously abated by virtue of this Agreement will be recaptured and paid within 30 days of the termination. In the event the New Facility is completed and begins producing product or service, but subsequently discontinues producing product or service for any reason excepting fire, explosion nor other casualty, accident or actual disaster, for a period of one -year during the abatement period, then this Agreement shall terminated. In the event of termination pursuant to the provisions of this paragraph, the abatement of taxes and payments for the calendar year during which the facility no longer produces shall terminate, but there shall be no recapture of prior years' taxes and payments ® abated by virtue of this Agreement. The taxes and payments otherwise abated for the calendar year during which the facility no longer produces shall be paid to the City prior to the delinquency date for such year. Tax Abatement Agreement, Page 5 Any and all recaptured taxes not paid within the 30 -day periods prescribed hereinabove shall accrue interest and penalties as set forth in the applicable provisions of the Texas Tax Code as if the same were never subject to abatement. VIII Administration This Agreement shall be administered on behalf of the City by the City Manager or his designee pursuant to the direction of the City Council. The Owner and Lessee shall allow employees and /or representatives of the City who have been designated by the City Manager to have access to this facility during the term of this Agreement to inspect the facility to determine compliance with the terms and conditions of this Agreement. All inspections required herein will be made only after giving of twenty -four (24) hours' prior notice and will only be conducted in such manner as to not unreasonably interfere with the construction and/or operation of the facility. All inspections required herein will be made with one or more representatives of the Owner or Lessee and in accordance with Lessee's safety standards. Upon completion of the contemplated construction, the City Manager or his designee shall annually evaluate the facility to ensure compliance with the terms and provisions of this Agreement and shall report possible defaults to the City Council and the City Attorney. The Chief Appraiser of the Harris County Appraisal District shall annually determine (1) the taxable value pursuant to the terms of this abatement of the real and personal property comprising this Reinvestment Zone and (ii) the full taxable value without abatement of the real and personal property comprising this Reinvestment Zone, The Chief Appraiser shall record both the abated taxable value and the full taxable value in the appraisal records. The full taxable value figure listed in the appraisal records shall be used to compute the amount of abated taxes that are required to be recaptured and paid in the event this Agreement is terminated in a manner that results in recapture. Each year the Owner and Lessee shall furnish the Chief Appraiser with such information outlined in Chapter 22 of the Texas Tax Code, as may be necessary for the administration of the abatement specified herein. If the City terminates this Agreement, it shall, when required, provide Owner and Lessee written notice of such termination. If Owner or Lessee believes that such termination was improper, Owner or Lessee may file suit in the Harris County District Courts appealing such termination within sixty (60) days after receipt from the City of written notice of the termination. If an appeal suit is filed, Owner and Lessee shall remit to the City, within sixty (60) days after receipt of the notice of termination, any additional and /or recaptured taxes as may be payable during the pendency of the litigation pursuant to the payment provisions of Section 42.08 of the Texas. Tax Code. If the final determination of the appeal increases Owner's and /or Lessee's tax liability above the amount of tar ® paid, Owner and/or Lessee shall remit the additional tax to the City pursuant to Section 42.42 of the Texas Tax Code. If the final determination of the appeal decreases Owner's and /or Lessee's tax liability, the City shall refund to Owner and /or Lessee, as appropriate, the difference between the Tax Abatement Agreement, Page 6 amount of tax paid and the amount of tax for which Owner and /or Lessee is liable pursuant to Section 42.43 of the Tax Code. IX Assignment The Owner and/or Lessee may assign this Agreement to a new owner or lessee of the facility with the written consent of the City Council, which consent shall not be unreasonably withheld. Any assignment shall provide that the assignee shall irrevocably and unconditionally assume all the duties and obligations of the assignor upon the same terms and conditions as set out in this Agreement. Any assignment of this Agreement shall be to an entity that contemplates the same improvements to the property, except to the extent such improvements have been completed. No assignment shall be approved if the assignor or the assignee is indebted to the City for delinquent ad valorem taxes or other obligations. X Notice Any notice required to be given under the provisions of this Agreement shall be in writing and shall be duly served when it is deposited, enclosed in a wrapper with the proper postage prepaid thereon, and duly registered or certified, return receipt requested, in -a United States post office, addressed to the City or the Owner and Lessee at the following addresses. If mailed, any notice or communication shall be deemed to be received three days after the date of deposit in the United States mail. Unless otherwise provided in this Agreement, all notices shall be delivered to the following addresses: Owner: Houston Shell and Concrete Company P.O. Box 348 Houston TX 77001 -0348 Attention: President Lessee: Baytown Asphalt Materials, Inc. P.O. Box 570 Baytown, TX 77522 Attention: Glenn Angel, President City: City of Baytown P. 0. Box 424 Baytown, Texas 77522 -0424 ® Attention: Bobby Rountree, City Manager Tax Abatement Agreement, Page 7 0 notice. Either party may designate a different address by giving the other party ten (10) days' written XI Non - Waiver Failure of the city to insist on the strict performance of any of the agreements herein or to exercise any rights or remedies accruing thereunder 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. XII Venue This Agreement shall in all respects be interpreted and construed in accordance with and governed by the laws of the State of Texas, regardless of the place of its execution or performance. The place of making and the place of performance for all purposes shall be Baytown, Harris County, Texas. XIII Severability All parties agree that should any provision of this Agreement be determined to be invalid or unenforceable, such determination shall not affect any other term of this Agreement, which shall continue in full force and effect. XIV Date The City executes this Agreement by and through the City Manager, acting pursuant to Ordinance No. of the City of Baytown, and the effective date of this Agreement is the day of 1 1998, the date this Agreement is signed by the City Manager. This Agreement has been executed by the parties in multiple originals, each having full force and effect. ATTEST: EILEEN P. HALL, City Clerk Tax Abatement Agreement, Page 8 CITY OF BAYTOWN BOBBY ROUNTREE, City Manager • ATTEST: OWNER President ATTEST: LESSEE GLENN ANGEL, President c:klh 1041 ContraetslTaxAbatementAgrcenicntsl 13aytownAsphal tMat crialsl TaxAbatementAgrccment4 BaytownAsphaltMatcrials Tax Abatement Agreement, Page 9