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Ordinance No. 11,304 , ORDINANCE NO. 11,304 AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF BAYTOWN, TEXAS. AUTHORIZING AND DIRECTING THE CITY MANAGER TO EXECUTE AND TIME CITY CLERK TO ATTEST TO A CHAPTER 380 ECONOMIC DEVELOPMENT AGREEMENT WITH DARDEN SW, LLC; AUTHORIZING PAYMENT BY THE CITY OF BAYTOWN IN AN AMOUNT NOT TO EXCEED FORTY THOUSAND AND NO/100 DOLLARS ($40,000.00): 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 I: 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 Darden SW. 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 to Darden SW, LLC in an amount not to exceed FORTY THOUSAND AND NO/100 DOLLARS ($40,000.00) in accordance with the agreement authorized in Section 1 hereinabove. Section 3: That the City Manager is hereby granted general authority to approve a decrease or an increase in costs by TWENTY-FIVE THOUSAND AND NO/I00 DOLLARS ($25.000.00) or less. provided that the amount authorized in Section 2 hereof may not he increased by more than twenty-tive percent (25%). Section 4: This ordinance shall take effect immediately fro nd after its passage by the City Council of the City of Baytown. INTRODUCED. READ and PASSED by the affirmative v f the City Council of the City of i . • . n this the 1 I'h day of February. 2010. s. (PP' ST ONCARLOS, Mayor `, tJ * JOIli 0 ITI IA GAR A. City C .10 APPROVED AS TO FORM: ACID RAMIREZ. SR.. Ci ttorney R:1Karen\Files City CounciPOrdinances2010%February I 1\380EcononucDc elopmentAgreemen.withDarden.doe Exhibit "A" CITY OF BAYTOWN / DARDEN SW 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 DARDEN SW LLC, a Florida limited liability company qualified to do business in Texas, its successors and assigns ( "DARDEN ") 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 DARDEN to create at least 100 new jobs in connection with the Project and the operations of DARDEN 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 DARDEN to invest at least $1 million by December 31, 2010, 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 DARDEN agree as follows: I. Contingency 1.01 This Agreement and the CITY's and DARDEN's obligations herein are expressly contingent upon DARDEN acquiring the property located at 6744 Garth Road, Baytown, Harris County, Texas, on or before May 1, 2010. H. Authority 2.01 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. Chanter 380 Economic Development AereemcaL Page 1 2.02 DARDEN. DARDEN'S execution and performance of this Agreement constitutes a valid and binding obligation of DARDEN. The CITY acknowledges that DARDEN 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. III. Definitions 3.01 "Restaurant Facility ": A building or buildings containing food storage, preparation, service and dining facilities under the trade name of Olive Garden Italian Restaurant, equal or superior to the standard DARDEN facility at the approximate location delineated in the attached Exhibit A. 3.02 "Effective Date" is February 12, 2010. 3.03 "Job(s)" means full -time and part -time jobs performed at the Restaurant Facility by employees of DARDEN and created as the result of the construction and the operation of the Project by DARDEN. 3.04 "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. 3.05 "HCAD" means the Harris County Appraisal District or its successor. IV. DARDEN Obligations 4.01 Creation of Jobs. Between the effective date of this Agreement and December 31, 2010, DARDEN will create at least 100 new Jobs and maintain those until December 31, 2015. In the event of a voluntary or involuntary termination or elimination of a Job after December 31, 2010, that causes the number of people employed in Jobs to fall below 100, DARDEN shall continue to receive the incentives set out in Section 5.01 below, provided the required number of people employed in said Jobs is re- established within one hundred twenty (120) days after the date of the termination or elimination that caused the number of people employed in Jobs to fall below 100. 4.02 Creation of Taxable Value. Between the effective date of this Agreement and December 31, 2010, DARDEN will cause to be constructed the Restaurant Facility of approximately 7,500 square feet as generally depicted in Exhibit "A" with a taxable value of at least $1 million, as assessed by HCAD. The property must maintain a taxable value of at least $1 million for the term of this Agreement. Chanter 380 Economic Development Agmment. Page 2 4.03 Certificate of Compliance and Inspection. (a) DARDEN shall annually deliver to the CITY a Certificate of Compliance, at the time that DARDEN delivers to the CITY the annual Property Tax Notice required under Section 5.02 below, 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, DARDEN shall warrant to the CITY whether it is in full compliance with each of its obligations under this Agreement, including the number of new Jobs maintained by DARDEN for the preceding year pursuant to Section 4.01 above. (c) The CITY, and/or its representative(s), has the right to inspect only such pertinent records of DARDEN 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 DARDEN. DARDEN shall make copies of the pertinent records available to the CITY at the Restaurant Facility or deliver them directly to the City. 4.04 Failure to Meet Obligations. In the event that DARDEN fails to fulfill its obligations under the performance guidelines contained in this Article IV, after receipt of notice and expiration of the cure period described in Section 6.03 below, the CITY may, at its option, terminate this Agreement, whereupon DARDEN shall be required to reimburse the CITY within 30 days for payments made by the CITY pursuant to this Agreement in accordance with the following: Vear of Non-Conipliance 2010-2011 Percentage to he Rehulmrsed 100% 2012 80% 2013 60% 2014 40% 2015 20% V. CITY Obligations 5.01 Economic Development Incentive. As consideration for DARDEN's performance of its obligations under this Agreement and as the CITY'S sole obligation under this Agreement, the CITY will reimburse the following concerning the Restaurant Facility; provided that the CITY's obligation herein shall never exceed FORTY THOUSAND AND NO /100 DOLLARS ($40,000.00): (a) the CITY'S water and wastewater impact fees, and Chapter 380 Economic Development AX=men Page 3 (b) the CITY'S building permit, plan review, inspection and platting fees. Any amounts over FORTY THOUSAND AND NO/ 100 DOLLARS ($40,000.00) shall be the sole responsibility of DARDEN and will not be subject to reimbursement under this Agreement. Reimbursements shall be made within thirty (30) days after the CITY's receipt of a reimbursement request and proof of payment. VI. General Terms 6.01 Term. 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 terms, this Agreement shall terminate December 31, 2015. 6.02 Default. If either the CITY or DARDEN 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. 6.03 Termination. In the event DARDEN elects not to proceed with the Project as contemplated by this Agreement, DARDEN 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, DARDEN shall be required to reimburse the CITY for all monies paid pursuant to Section 5.01 hereinabove prior to the termination being effective. 6.04 Mutual Assistance. CITY and DARDEN 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 DARDEN facilities. 6.05 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 DARDEN. 6.06 Binding Effect. This Agreement shall be binding on and inure to the benefit of the parties and their respective successors and assigns. 6.07 Assignment. Except as provided below, DARDEN may not assign all or part of its rights and obligations to a third party without prior written approval of the CITY, which Chapter 380 Economic Development Aucement. Page 4 approval shall not be unreasonably withheld or delayed. Notwithstanding anything to the contrary, DARDEN may assign all or part of its rights and obligations without the prior consent of the CITY to an affiliate of DARDEN and to a third party lender advancing funds for the acquisition, construction or operation of Restaurant Facilities. 6.08 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. DARDEN 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 DARDEN'S obligations hereunder. This release shall apply with respect to DARDEN'S work regardless of whether said claims, demands, and causes of action are covered in whole or in part by insurance. 6.09 Notice. Any notice and/or statement required or permitted to be delivered shall be deemed delivered by actual delivery, by facsimile, with receipt of confirmation, or by depositing the same in the United States mail, certified with return receipt requested, postage prepaid, addressed to the appropriate party at the following addresses: DARDEN: Darden SW LLC 1000 Darden Center Drive Orlando, FL 32837 FAX: 407 -245 -4989 24 I -1011 Attn: Property Law Administration 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 pay. 6.10 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. Chanter 390 Economic Develonment AMement Page 5 6.11 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. 6.12 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. 6.13 Parag_ragh 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. 6.14 No Third Party Beneficiaries. This Agreement is not intended to confer any rights, privileges or causes of action upon any third party. 6.15 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 and agents do not assume any responsibilities or liabilities to any third party in connection with DARDEN facilities or the design, construction or operation of any portion of the facilities. 6.16 Public Information. Records and information provided to the CITY or its representative(s) to verify compliance with this Agreement shall be available for public inspection. 6.17 Exhibits. The following Exhibits "A" and "B" are attached and incorporated by reference for all purposes. 6.18 Multiple Originals. This 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. 6.19 Authorily 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. 6.20 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 Chapter 380 Economic Devetorment Agreement. Page 6 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. EXECUTED by the authorized representatives of the parties on the dates indicated below. DARDEN SW LLC By: GMRI, Inc. a Florida corporation Its Managing Member Signature) 'So F-t S- Qvu�nlar� (Printed Name) Spn'04- V"' �n-E- (Title) 2�3�tO (Date) CITY OF BAYTOWN, TEXAS, GARRISON C. BRUMBACK City Manager (Date) Chapter 380 Economic Derelooment Acreem=t. Pap 7 ATTEST: LETICIA GARZA City Clerk APPROVED AS TO FORM: IGNACIO RAMIREZ, SR. City Attorney STATE OF FLORIDA COUNTY OF ORANGE § The foregoing instrument was acknowledged before me on this 3rl day ofd br , 244 by J o El S. Qu�nlat� , as S¢ ,er Vi Le Pre5l60- of , Inc., a Florida corporation and Managing Member of Darden SW LLC, a Florida limited liability company, on behalf of said entities. [ SEAL ] Notary Public R:%arenW1 s \Contracts\O1ivc Garden 380 \CrrY OF BAYTOWN.doe ChaRWr 380 Eeonomic Deyelgpmenr AgMqRm6 Page 8 AMEM PIMADIAN * NY C0616AS O t DD M673 * UM B: My 25, 2012 ,,,�� ��' i3aedod Thtu 6u�t Hatay BwNoes R:%arenW1 s \Contracts\O1ivc Garden 380 \CrrY OF BAYTOWN.doe ChaRWr 380 Eeonomic Deyelgpmenr AgMqRm6 Page 8 Exhibit "A" Plat and Drawing of the Olive Garden Site Chamet 380 Economic Devebpment Ag=ment Page 9 o or O O O Ul C.) 0 12 6 0 to Nei 0 X m K rn Ln 0.7 m C) m Z C) O r 0 — -- — -- — -- -D CD - CD Ln O Exhibit "B" Economic Development Agreement Reporting Form City of Baytown REPORTING YEAR 20_ 1.0 Employment 1.1 Number of employees at facility for reporting year: Full -time Part Time Total 1.2 Average Annual Salary Average. annual salary for reporting year $ 1.3 Total Payroll Annual payroll for reporting year S 2.0 Investment 2.1 Agreement requires a taxable value of $1,000,000 by December 31, 2010 for the Restaurant Facility. Investment for first year S 3.0 Value. Total investment for first year of the agreement: $ HCAD appraised value for subsequent reporting years: S I, the authorized GMRI, Inc. representative, hereby certify that the above information is correct and accurate pursuant to the terms of the Agreement. DARDEN SW LLC By: GMRI, Inc., a Florida corporation Its Managing Member (Signature) (Printed Name) (Title; Vice President) Chanter 180 Economic Development Aercemcnt. Page 10