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CC Resolution No. 1608 59 RESOLUTION NO. 1608 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF BAYTOWN, TEXAS, APPROVING THE PURCHASE OF AN OFFICE BUILDING BY THE HARRIS COUNTY APPRAISAL DISTRICT; CONTAINING A SAVINGS CLAUSE; AND PROVIDING FOR THE EFFECTIVE DATE THEREOF. WHEREAS, Section 6.05(a) of the Texas Tax Code authorizes the board of directors of an appraisal district to purchase or lease real property and to construct improvements as necessary to establish and operate the appraisal office; and WHEREAS, Section 6.05(b) of the Texas Tax Code provides that the acquisition of real property or the construction or rc ,,7ation of a building or other improvement by an appraisal district must be approved by the of three-fourths of the taxing units entitled to vote on the appointment of appra �`�C'�� / -^d WHEREAS, the City o' I/ tled to vote on the appointment of members of the board of direct .isal District (HCAD); and WHEREAS, at its rr September 10, 2003, the board of directors authorized HCAD's rea, thief appraiser to negotiate for the acquisition of an office building located at 15u,., _ est Freeway, Houston, Harris County, Texas ("the Building") and authorized the chief appraiser to engage an architect for planning, design and construction necessary for relocation of the appraisal office to the Building; and WHEREAS, if the negotiations are successful, it is anticipated that the board of directors of HCAD will adopt a resolution proposing acquisition of the Building by a lease-purchase agreement; and WHEREAS, the City Council of the City of Baytown believes that acquisition of the Building is in the best interest of HCAD and the taxing units it serves; NOW THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF BAYTOWN, TEXAS: Section 1: That the City Council of the City of Baytown, Texas, hereby approves of the proposal by the board of directors of the Harris County Appraisal District to acquire and improve the Building located at 13013 Northwest Freeway, Houston, Harris County, Texas, if made by resolution,be, and it is hereby, in all things approved. Section 2: This resolution shall take effect immediately from and after its passage by the City Council of the City of Baytown, Texas. 60 INTRODUCED, READ and PASSED by the affirmative vote of the City Council of the City of Baytown, this the 9th day of October, 2003. " e &' PETE C. A FL �- ARO ATTEST: / GARY k . SMITH, City Clerk APPROVED AS TO FORM: NACIO RAMIREZ, City Attorney F:\Je=ene\My Documents\Council\03-04\0ctober 1 st\APProveHCAD2LeasePurchaseBuilding.doc 2 Ml Mailing Address., Harris County Appraisal District P.O.Box 920975 Houston, TX 77292-0975 2800 North h L West, Houston, Texas Telephone:713-812-5800 Information Center. 713-957-7800 E-Mail: jrobinson@hcad.org Office of Chief Appraiser September 24,2003 Presiding Officers and Members of the Governing Bodies of Taxing Units in Hams County Ladies & Gentlemen: I am writing in behalf of the appraisal district's board of directors to ask that your governing body adopt a resolution authorizing the Hams County Appraisal District to proceed with the lease-purchase of a headquarters building. We anticipate a significant annual savings in our annual operating expense if we are able to relocate from our present leased space into the lease-purchased building at 13013 Northwest Freeway in Houston. Section 6.051, Tax Code, provides that the acquisition of real property by an appraisal district must be approved by the governing bodies of three-fourths of the taxing units entitled to vote on the appointment of board members. An entity that fails to indicate approval is considered to be a no vote. The law contains a strict time frame in which taxing unit approval can occur, and must take place within 30 days after the HCAD board of director's formally approves the proposal at its October 15, 2003 meeting. Attached to this letter is an outline of the lease-purchase proposal and sample copies of resolutions authorizing the appraisal district to move forward with the transaction. Resolution A is designed to be used if your approval meeting occurs before HCAD's October 15 meeting. Resolution B is designed to be used if the approval meeting occurs after October 15. In addition to saving money, this transaction will enable us to better serve the citizens of Harris County. We urge you to place the approval item on your agenda and act favorably on it no later than 30 days after October 15. Please do not hesitate to contact me at 713-957-5291 if you have questions. Sincerely, Jim Robinson Chief Appraiser Building acquisition aver WLrdav4 Harris County Appraisal District Building Lease-Purchase Proposal The Harris County Appraisal District is negotiating for the lease-purchase of a new headquarters building. The district currently leases approximately 180,000 square feet in the Brookhollow I office building located at the intersection of Loop 610 and US 290. The district also leases approximately 14,000 square feet of warehouse space in two different locations in the county. The proposed building is located at 13013 Northwest Freeway, close to the intersection of Hollister and Northwest Freeway(US 290). To complete the purchase, we will need formal approval from 3/4 of the governing bodies of the taxing units entitled to vote on selection of HCAD's board of directors. Why we need new space HCAD's lease expires in April, 2007. The current building is no longer suitable for the district's operations,primarily because we are handling many more visitors than were anticipated at the time the building was leased(and far more visitors than the building is designed to handle). The district's board of directors believes that,with interest rates at historic lows and large inventories of commercial office space available, it is economically advantageous to proceed with purchasing a building at this time. What has been done to date In June of this year,the district issued a request for proposals to fiunish new office space, _ either through a build-to-suit arrangement or through refurbishing an existing building. The district required at least 190,000 square feet of office space, located in an area bounded on the West and North by the Sam Houston Tollway, on the East by Interstate 45, and on the South by Highway 59, with the principal notion of keeping the district's headquarters somewhere near the center of the county. 13 proposals were received. On September 10, 2003, HCAD's board voted to authorize negotiations to purchase a 7 story, 196,000 square foot building located at 13013 Northwest Freeway, close to the intersection of Hollister and US 290. The building was formerly the corporate headquarters of the Cameron Iron Company. This building represents the lowest and best proposal, with a net rental rate of$11.61 per square foot that was$3 per square foot below the next lowest proposal. Current lease rates for this type of space range from$10 to $11 per square foot net,with no equity ownership. The proposal Under the proposal, the district will acquire the building through a lease purchase arrangement. The owner will refurbish the building to the district's specifications, including replacing all window glass, adding an additional level to the parking garage, installing an additional elevator, building out the interior, and firnishing the first and second floors. The proposal also requires the owner to buy out or assume the district's remaining lease obligations at the Brookhollow building. The district's lease payment will be approximately$2.3 million a year, and we will be able to purchase the property for $100 at the end ofthe lease term In comparison, the district's 2004 office space budget is $3.6 million per year including a $6.00 per square foot expense stop for the Brookhollow building, and approximately $80,000 for warehouse space. Our projections 1 are that the total annual cost of the new building will be considerably less than the amount currently budgeted for space. A table illustrating the comparison is shown below. Existing space 13013 NW 2004 Budget Freeway Office Space $ 3,653,599.00 $ 2,275,644.00 Electricity and Water $ 112,900.00 $ 278,320.00 Building and Fixture Maintenance $ 85,000.00 $ 638,960.00 Casualty & Liability Insurance $ 65,000.00 $ 62,720.00 Reserve fund for replacements $ 196,000.00 Total $ 3,916,499.00 $ 3,451,644.00 Note: Under the Brookhollow lease, the district is only responsible for utility and expense costs in excess of$6.00 per square foot. Advantages of this facility In addition to lower overall cost, the primary advantages of the 13013 Northwest Freeway building will be: • We will be able to consolidate nearly all of our hearings and public information facilities on the first floor. Currently, in peak hearing season,we have property owners and consultants on six different floors, which is a logistical and security nightmare. The new building will be much more customer friendly. • The district will own the building at the end of the lease. • The location, approximately 3 miles from the current facility, fronts directly on a major highway and is easily accessible from all parts of the county. • The building will provide room for expansion, should it be necessary. • The building will be fully ADA compliant. The current facilities are not. • Separate warehouse space will not be needed. • The lower cost of ownership, as opposed to the present lease arrangement, will reduce the cost of appraisal district operations and result in a savings to each participating taxing unit. What the jurisdictions need to do Section 6.051, Tax Code, provides that the acquisition of real property by an appraisal district must be approved by the governing bodies of three-fourths of the taxing units entitled to vote on the appointment of board members. An entity that fails to indicate approval is considered to be a no vote. Time is also of the essence. The HCAD board plans to formally approve the proposal at its October 15, 2003 meeting. After the approval, the chief appraiser will send you formal notification of the purchase. Your governing body may approve the purchase at 2 any time between now and the 301h day after the date you receive the formal notification, but it must act before that 30`h day, and must file its resolution with the chief appraiser on or before the 10`h day after the governing body votes. Failure to act within these time frames is considered a"no"vote. We have enclosed two sample resolutions: Resolution A is designed to be used if your approval meeting occurs before HCAD's October 15`h meetini. Resolution B is designed to be used if the approval meeting occurs after the October 15 meeting. Please call Jim Robinso _Chief Appraiser, at 713-957-5291 if you have questions_or__ need assistance. 3 SAMPLE RESOLUTION A RESOLUTION NO. RESOLUTION APPROVING PURCHASE OF OFFICE BUILDING BY HARRIS COUNTY APPRAISAL DISTRICT. WHEREAS, Section 6.05(a) of the Texas Tax Code authorizes the board of directors of an appraisal district to purchase or lease real property and to construct improvements as necessary to establish and operate the appraisal office; and, WHEREAS, Section 6.05(b) of the Texas Tax Code provides that the acquisition of real property or the construction or renovation of a building or other improvement by an appraisal district must be approved by the governing bodies of three-fourths of the taxing units entitled to vote on the appointment of appraisal district board members; and, WHEREAS, the (name of taxing unit) is a taxing unit entitled to vote on the appointment of members of the board of directors of the Harris County Appraisal District (HCAD); and, WHEREAS, at its regular monthly meeting held September 10, 2003, the board of directors authorized HCAD's real estate brokers and chief appraiser to negotiate for the acquisition of an office building located at 13013 Northwest Freeway, Houston, Harris County, Texas ("the Building") and authorized the chief appraiser to engage an architect for planning, design, and construction necessary for relocation of the appraisal office to the Building; and, WHEREAS, if the negotiations are successful, it is anticipated that the board of directors of HCAD will adopt a resolution proposing acquisition of the Building by lease-purchase agreement; and, WHEREAS, the (title of governing body, e. ., city council) of the (name of taxing unit) believes that acquisition of the Building is in the best interest of HCAD and the taxing units it serves; now, therefore, BE IT RESOLVED BY (title of governing body) OF THE (name of taxing unit) That the proposal by the board of directors of the Harris County Appraisal District to acquire and improve the building located at 13013 Northwest Freeway, Houston, Harris County, Texas,if made by resolution, be, and it is hereby, in all things approved. PASSED AND APPROVED this day of 2003. (Title of Presiding Officer, e.g.,Mayor) ATTEST: (Title, e.g., City Secretary) 2 SAMPLE RESOLUTION B RESOLUTION NO. RESOLUTION APPROVING PURCHASE OF OFFICE BUILDING BY HARRIS COUNTY APPRAISAL DISTRICT. k # k # k k k # WHEREAS, Section 6.05(a) of the Texas Tax Code authorizes the board of directors of an appraisal district to purchase or lease real property and to construct improvements as necessary to establish and operate the appraisal office; and, WHEREAS, Section 6.05(b) of the Texas Tax Code provides that the acquisition of real property or the construction or renovation of a building or other improvement by an appraisal district must be approved by the governing bodies of three-fourths of the taxing units entitled to vote on the appointment of appraisal district board members; and, WHEREAS, the (name of taxing unit) is a taxing unit entitled to vote on the appointment of members of the board of directors of the Harris County Appraisal District (HCAD); and, WHEREAS, at its regular monthly meeting held October 15, 2003, the board of directors of HCAD adopted Resolution No. proposing acquisition by lease-purchase agreement and renovation of an office building located at 13013 Northwest Freeway, Houston, Hams County, Texas (the "Building") for the purpose of establishing and operating the appraisal office therein; and, WHEREAS, the board of directors of HCAD has delivered a copy of Resolution No. to the presiding officer of the governing body of the (name of taxing unit) together with information showing the costs of other available alternatives to the lease-purchase of the Building; and, WHEREAS, the (title of governing body, e.g., city council) of the (name of taxing unit) believes that acquisition of the Building is in the best interest of HCAD and the taxing units it serves; now,therefore, BE IT RESOLVED BY (title of governing body) OF THE (name of taxing unit) That the proposal by the board of directors of the Harris County Appraisal District to acquire and improve the building located at 13013 Northwest Freeway, Houston, Harris County, Texas,be, and it is hereby, in all things approved. PASSED AND APPROVED this day of 2003. (Title of Presiding Officer, e.g., Mayor) ATTEST: (Title, e.g., City Secretary) 2