O-2005-2809 - Laserfiche WebLink

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. e City must request a tax abatement by filing a completed application with the City prior to any public expression of a siting decision or any commitment (legal or financial) to the proposed project. (b) A complete application package for consideration of a tax abatement shall consist of: · a completed City Application form; · a completed narrative prepared in accordance with the template provided with the City Application and its instructions; · an "Investment Budget" detailing components and costs of the real property improvements and fixed-in-place improvements for which tax abatement is requested, including type, number, economic life, and eligibility for a tax exemption granted by the Texas Commission on Environmental Quality ("TCEQ") (if known); · a map and legal description of the property; · a time schedule for undertaking and completing the proposed improvements; · a ten-year environmental and worker safety compliance history for all facilities located within the State of Texas and owned in whole or in part by applicants (as defined in Section 66-142(k), "Environmental and Worker Safety Qualification"); · a copy of the evaluation of competing locations, as described in Section 66-141, "Definitions," · information pertaining to the reasons that the requested tax abatement is necessary to ensure that the proposed project is built in City (i.e., documentation supporting assertion that "but for" a tax abatement, the stated project could not be constructed in City); · copies of the immediately preceding quarterly report(s) filed with the Texas Workforce Commission, documenting the current number of permanent full- time employees, and full-time Contractor employees, if any, at the time the application is submitted; · financial and other information, as the City deems appropriate for evaluating the financial capacity and other factors of the applicant; · certification prepared by City Tax Assessor-Collector stating that all tax accounts within City are paid on a current basis; · for a leasedfacUity, the applicant shall provide with the application the name and address of the lessor and a draft copy of the proposed lease, or option contract. In the event a lease or option contract has already been executed with owner of site, the document must include a provision whereby abatement - 9-