O-2006-2955 - Laserfiche WebLink

Browse Search

and local storm water permitting requirements and any air emissions must be permitted or otherwise authorized by the TCEQ. Occupational and Safety Issues: The Federal Occupational Health and Safety Administration compliance records were searched and no violations or complaints have been recorded concerning Preferred Freezer Services. Current Property Tax History: According to the Office of the Tax Assessor -Collector there are no records for Preferred Freezer Services in Harris County. Proposed Abatement Schedule: • Duration -Ten years, beginning January 1, 2007 and ending December 31, 2016. • Amount Abated — 50 percent in, each of the ten years to be covered by the abatement agreement, in accordance with the terms of The Harris County Tax Abatement Guidelines in effect at the time the application was received in August of 2006. Jobs: Preferred Freezer Services will commit to creating 35 new full time positions for the Harris County facility. ECONOMIC BENEFIT ANALYSIS Fiscal Impact: • Average Annual Taxes Abated: $22,175 • Current Annual Revenue: $1,053 • Average annual revenue during abatement period: $33,055 • The County's average annual revenue during the abatement period increases by $32,002' • After the Abatement Period, the annual revenue increases by $35,169 over current revenues. Regional Multiplier AnalysisZ: • By creating 35 new full time jobs as described. above, 38 indirect jobs would also be created. • The total annual economic impact of this project is estimated to be $9.8 million. ' Total for all County entities (.63998 per $100 valuation). County base -portion is (.40239 per $100 valuation) = $20,121. 2Impacts calculated by GHP using the Regional Input -Output Modeling System developed by the U.S. Department of Commerce, Bureau of Economic Analysis.