1967 08 14 CC Minutes, Special4399
MINUTES OF THE SPECIAL COUNCIL
MEETING OF THE QITY COUNCIL OF THE CITY
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J. p gus��14, 1967-
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The City Council of the City of Baytown, Texas, met in special session on Mon-
day, August 14, 1967, at 7:00 p.m., in the Sterling Municipal Library_ with the following
members in attendance:
Patrick Ball Councilman _. .
A. M. Braswell Councilman
Don M. Hullum Councilman
Tamar Kelley .Councilman
Glen Walker Councilman
Seaborn Cravey Mayor
Also present:
Fritz Lanham City Manager
Absent: Albert Fanestiel Councilman.
Industrial District Committee Report
Councilman Lamar Kelley, Chairman of the Industrial District Committee, presented
the report of the Committee. Mr. Kelley moved that the recport be accepted by the
Council and that industrial contracts be offered to industries in the three districts,
as shown below, before.the end of August and that a report be made back to.the Council.
Councilman Walker seconded the motion. The vote follows: .
Ayes: Councilmen Ball, Braswell, Hullum, Kelley and Walker
Mayor Cravey
Nays: None
The report of the Committee follows: .
INDUSTRIAL DISTRICTS
LTRUP PROPOSED
COMPANY VALUATION IN- LIEU -OF TA70;.S
A.
District I
Humble $326,0001000 $232,000
United Carbon 9,570,000 8000
Stauffer 5, 38o, 000 4, 300
Marbon 1,480,Coo 740
Natural Gas Odorizing plant 1,194,000 597
District II
Gulf 26,9o0,000 13,45o
Huber 7,370,000 3,685
District III
Houston Lighting & Power Co. 10,000 *
United States Steel 20.000 *
J?93,272
It is proposed to create three Industrial Districts. The first with Humble,
United Carbon, Stauffer, Marbon and Natural Gas Odorizing Plant. The second with
Gulf and Huber and the third with Houston Lighting & Power Company.and United States
Steel. Each would be for seven years. The "in- lieu -of" taxes on the first would be
figured as follows: (using Humble as an example)
M
True value of $326,000,000 less assessed value of $94,000,000 equals
$232,000,000.
.01% of $232,000,000 equals $232,000 - Equals In- Lieu -Of Taxes.
The second and third districts would start in- lieu -of payments at 5% of
asses@ment ratio x tax rate x true value and would increase 5% each year to a maximum
of 20%i. It would remain at this level until the contract expires. At the end of the
first contract, they would be placed on a new contract on the same basis as the first
district. Industries in district three would begin paying "in- lieu -of taxes on the
first day in actual production pro -rated for the portion of year in operation.
+ It is hoped that Houston Lighting & Power Company and United States
Steel would make these token donations until their plants are built
to assist on planning and other expenses.
On motion duly made and seconded the meeting adjourned.
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