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HomeMy WebLinkAboutO-1998-2279 . . ORIGINAL ORDINANCE NO. 98-2279 AN ORDINANCE AMENDING THE CODE OF ORDINANCES OF THE CITY OF LA PORTE BY ADDING ARTICLE V GUIDELINES AND CRITERIA GOVERNING TAX ABATEMENT AGREEMENTS BY THE CITY OF LA PORTE, ADDING SECTIONS 66- 140 THROUGH 66-152 INCLUSIVE; AUTHORIZING CONSIDERATION OF AN APPLICATION FOR DESIGNATION OF THE I'PPG INDUSTRIES REINVESTMENT ZONE"; FINDING COMPLIANCE WITH THE OPEN MEETINGS LAW; AND PROVIDING AN EFFECTIVE DATE HEREOF. BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF LA PORTE: Section 1. The City Council of the City of La Porte hereby amends the Code of Ordinances of the City of La Porte by adding Article V. "Guidelines and criteria Governing Tax Abatement Agreements by the City of La Porte", and adding Sections 66-140 through 66-152 inclusive, as follows, to-wit: ARTICLE V. GUIDELINES AND CRITERIA GOVERNING TAX ABATEMENT AGREEMENTS Sec. 66-140. Reinvestment zones. (a) Tax abatement shall only be allowed in a reinvestment zone. (b) Reinvestment zones in the city for this purpose will be considered for designation by city council upon the recommendation of the director. The city council may approve the creation of these reinvestment zones on a zone-by-zone basis after a public hearing before the city council. Following the public hearing the city council may consider the ordinance creating a new reinvestment zone in the proposed area. (c) The city council may not adopt an ordinance designating a reinvestment zone until it has held a public hearing at which interested persons are entitled to speak and present evidence for or against the designation. Notice of the hearing shall be given at least seven days prior to the hearing. The presiding officers of eligible jurisdictions shall be notified in writing at least seven days prior to the hearing. A notice of the public hearing shall be given to other affected taxing jurisdictions, published in the legal classified section of the local daily newspaper having general circulation, and posted in other places as deemed appropriate, including notice to civic associations in the area surrounding the proposed zone, at least seven days prior to the hearing. The notice shall contain the location, time, and place of the public hearing and a description of the proposed boundaries of the reinvestment zone. 'v . . ORIGiNAL (d) The designation of such a zone by ordinance shall constitute an affirmative finding by the city council that the improvements sought to be constructed or repairs to be made within the zone are feasible and practical and would be of benefit to the land to be included within a zone and to the city. (e) In determining whether an area qualifies as a reinvestment zone for the property tax abatement program, the city council shall use anyone or more of the following criteria as guidelines: (1) The area substantially impairs or arrests the sound growth of the city; retards the provision of housing accommodations, or consti tutes an economic or social liability and is a menace to the public health, safety, morals, or welfare in its present condition and use by reasons of the presence of substantial number of substandard, slum, deteriorated, or deteriorating structures, predominance of defective or inadequate sidewalks or street layout; faulty lot layout in relation to size, accessibility, or usefulness, unsanitary or unsafe conditions; deterioration of site or other improvements; tax or special assessment delinquency exceeds the fair value of the land; defective or unusual conditions of title; the existence of conditions that endanger life or property by fire or other cause; or any combination of these factors or conditions. (2) The area is predominantly open and, because of obsolete platting or deterioration of structures or site improvements or other factors, substantially impairs or arrests the sound growth of the city. (3) The area has been designated a local or state-federal enterprise zone under the Texas Enterprise Zone Act. (4) The area is located wholly within an eligible blighted area, as identified from time to time by city council. (5) There has been a demonstration of community interest and there is evidence that substantial number of owners of taxable real property in the reinvestment zone will participate in such a program. (6) Be reasonably likely as a result of the designation to contribute to the retention or expansion of primary employment or to attract major investment in the zone that would be a benefit to the property and that would contribute to the economic development of the city. (f) The goals and objectives expressed above and the standards and restrictions expressed in Chapter 312 of the Texas Tax Code, as amended, are not exhausti ve and shall be supplemented by such further and additional goals, obj ecti ves, rules, standards and restrictions as the city council may from time to time impose. 2 . e OR~G'NAL (g) The designation of a reinvestment zone hereunder shall expire five years after the date of its designation and may be renewed for periods not to exceed five years. The expiration of a designation, however, shall not affect existing agreements entered into pursuant to section 66-145 or section 66-146 of this chapter. Sec. 66-141. Definitions. For the purpose of this article, the following words and terms shall have the meanings respectively ascribed: Abatement means the full or partial exemption from ad valorem taxes of certain real and/or personal property in a reinvestment zone designated for economic development purposes. Agreement means a contractual agreement between a property owner and/or lessee and an eligible jurisdiction for the purpose of tax abatement. Base year value means the assessed value of eligible property January 1, preceding the execution of the agreement plus the agreed upon value of eligible property improvements made after January 1, but before the execution of the agreement. Competitively-sited project means a project where the applicant has studied competing locations for expansion, relocation, or new operations to evaluate operating cost differentials and incentives available. Contract employee means a person who is not an employee of the abatement recipient, but who does work for the abatement recipient in the reinvestment zone on a contract basis, either on a full or part-time basis. Deferred maintenance means improvements necessary for continued operations which do not improve productivity or alter the process technology. Director means the director of the ci ty I S department of finance. Economic life means the number of years a property improvement is expected to be in service in a facility. Eligible jurisdiction means any county, municipality, school district or college district, that levies ad valorem taxes upon and provides services to property located wi thin the proposed or existing reinvestment zone. Expansion means the addition of buildings, structures, fixed machinery or equipment for purposes of increasing production capacity. Facili ty means property improvements completed or in the 3 e eoR!GINAL process of construction which together comprise an integral whole. Full time equivalent job means a job that is equal to 1,750 hours of work annually performed in the reinvestment zone by contract employees or part-time employees. Manufacturing facility means buildings and structures, including fixed machinery and equipment, the primary purpose of which is or will be the manufacture of tangible goods or materials or the processing of such goods or materials by physical or chemical change. Modernization means the replacement and upgrading of existing facilities which increases the productive input or output, updates the technology or substantially lowers the unit cost of the operation. Modernization may result from the construction, al teration, or installation of buildings, structures, or fixed machinery or equipment. It shall not be for the purpose of reconditioning, refurbishing, or repairing to meet local, state, or federal regulations. New facili ty means improvements on a property previously undeveloped which is placed into service by means other than or in conjunction with expansion or modernization. other basic industry facility means buildings and structures, including fixed machinery and equipment not elsewhere described, used or to be used for the production of products or services which primarily serve a market outside the Houston Consolidated Metropolitan statistical Area and resulting in the creation of new permanent jobs and additional investment. Part-time employee means a person who works for, and is an employee of, the abatement recipient in the reinvestment zone, but is not a permanent employee. Permanent emp~oyee means a person who works for, and is an employee of, the abatement recipient and works a minimum of 35 hours in a seven-day period, and reports to work in the reinvestment zone. A permanent employee does not include a contract employee, seasonal employee, or part-time employee. Regional distribution center facility means buildings or structures, including fixed machinery and equipment, used or to be used primarily to receive, store, service or distribute goods or materials owned by the facility operator where a majority of the goods or services are distributed to points at least 100 miles from any part of Harris County, unless there is no facility in Harris County that receives, services, or distributes such goods and services to businesses and residents of Harris County. Regional entertainment facility means buildings and structures, including fixed machinery and equipment, used or to be used to provide entertainment through the admission of the general 4 . · ORIGINAL public where the majority of users reside at least 100 miles from any part of Harris County, unless there is no facility providing the same or similar entertainment in Harris County. Regional service facility means buildings and structures, including fixed machinery and equipment, used or to be used to service goods where a majority of the goods being serviced originate at least 100 miles from any part of Harris County, unless there is no facility in Harris County where businesses and residents of the county can obtain such service. Research and development facility means buildings and structures, including machinery and equipment, used or to be used primarily for research or experimentation to improve or develop current technology in bio-medicine, electronics or pre-commercial emerging industries. Research facility means buildings and structures, including fixed machinery and equipment, used or to be used primarily for research or experimentation to improve or develop the production processes thereto. Sec. 66-142. Application. (a) Any present or potential owner of taxable property in the city may request tax abatement by filing a written request with the city manager or the city manager's designee. (b) The application shall consist of a completed application form accompanied by: a general description of the new improvements to be undertaken; a descriptive list of the improvements for which abatement is requested; a list of the kind, number and location of all proposed improvements of the property; a map and legal description of the property; a time schedule for undertaking and completing the proposed improvements. The application shall also include a certification of the current number of permanent, part- time and contract employees of the applicant, by category, at the time of the application, and information regarding the project's competitive siting. In the event the project is to be located in a leased facility, the applicant shall provide with the application the name and address of the lessor and, if executed, a copy of the lease. In the case of modernization, the application shall include a statement of the assessed value of the existing facility for the tax year immediately preceding the application year, separately stated for real and personal property. The application form may require such financial and other information as the city deems appropriate for evaluating the financial capacity and other factors of the applicant. (c) Upon receipt of the completed application, the director shall notify in writing and provide a copy of the application to the presiding officer of the governing body of each eligible jurisdiction. 5 e e ORjG~NAL (d) After receipt of an application for abatement, the city shall prepare a cost/ benefit impact analysis setting out the impact of the proposed tax abatement. The cost/ benefit impact analysis shall include but not be limited to an estimate of the economic effect of the abatement of taxes and the benefit to the city and the property to be included in the zone, and any other pertinent measures of the project's overall impact on the city's revenue stream both during and after the abatement period. (e) The city shall not enter into an abatement agreement if it finds that the request for the abatement was filed after the commencement of construction, alteration, or installation of improvements related to a proposed modernization, expansion or new facility. An applicant is ineligible for abatement if a decision to commence a modernization, expansion or new facility in the city has been formally announced on or before an application for abatement has been filed with the city. (f) Variance: Requests for a variance from the prov1s1on of subsections (a), (b), (e), (g), (h) and (j) of section 66-144 shall be made in writing to the director; provided however, the total duration of an abatement authorized in section 66-144 shall in no instance exceed ten years and the total duration of an abatement authorized under section 66-146 or section 66-147 shall in no instance exceed five years. Such request shall include a complete description of the circumstances explaining why the applicant should be granted a variance and how the grant of abatement will lead to the creation or retention of job opportunities and new investment in the zone. Approval of a request for variance requires a majority vote of the city council members present. Sec. 66-143. Public hearinq and approval. (a) Prior to entering into a tax abatement agreement the city council may, at its option, hold a public hearing at which interested persons shall be entitled to speak and present written materials for or against the approval of the tax abatement agreement. (1) Notice of the public hearing shall be published in a local daily newspaper of general circulation not later than the seventh day before the date of the hearing. Notice of the public hearing may be given, posted or published in other places or by other means as the director deems appropriate, including giving notice to civic associations in the area surrounding the proposed zone. (2) Reserved. (b) In order to enter into a tax abatement agreement, the city council must find that the terms of the proposed agreement met these guidelines and criteria and that: (1) There will be no substantial potential adverse impact on 6 . e OR~G~NAL the provision of city services or tax base; and (2) The planned use of the property will not constitute a hazard to public safety, health, or morals. Sec. 66-144. Economic development abatement authorized. (a) Authorized .facility. A facility may be eligible for economic development abatement if it is a: manufacturing facility, regional distribution facility, regional service facility, regional entertainment facility, research facility, research and development facility or other basic industry facility. (b) Creation o.f new value. Abatement may only be granted for the additional value of eligible property improvements made subsequent to and listed in an abatement agreement between the city and the property owner and lessee (if required), subject to such limitations as the city council may require. (c) New and existing .facilities. Abatement may be granted for new facilities or the expansion of existing facilities. Improvements to existing facilities for purposes of modernization may receive abatement if proven to be essential to the entity's economic survival. (d) Eligible property. Abatement may be extended to the value of buildings, structures, fixed machinery and equipment, site improvements, plus that office space and related fixed improvements necessary to the operation and administration of the facility, or tangible personal property when in conjunction with leased facilities. (e) Ineligible property. The following types of property shall be ineligible for abatement: land; inventory; supplies; tools; vehicles; vessels; aircraft; housing; hotel accommodations; tangible personal property when not in conjunction with leased facili ties; deferred maintenance investments; property to be rented or leased except as provided in subsection (f); improvements for the generation or transmission of electrical energy not wholly consumed by a new facility or expansion; any improvements, including those to produce, store or distribute natural gas, fluids or gases, that are not integral to the operation of the facility; property owned or used by the state of Texas or its political subdivisions or by an organization owned, operated or directed by a political subdivision of the state of Texas; and property that is owned or leased by a member of city councilor by a member of the city planning commission. (f) OWned and leased .facilities. If an authorized facility located on leased real property is granted abatement, the abatement agreement shall be executed by the city, the lessor and the lessee. If the real property is leased from a municipal corporation, the municipality shall not be required to execute the agreement in its capacity as a lessor. 7 e e ORJGJNAl (g) Value and term of the abatement. Abatement shall be granted effective upon the January 1 valuation date immediately following the effective date of the Agreement. Projects (other than modernization) which meet these guidelines and criteria are eligible for abatement on the value of the new property on a sliding scale as follows: Year abated Percentage of value abated 1, including construction 2, including construction 3 - 8 0% 50% 50% Provided, however that no abatement shall be given in the year when the facility fails to meet the employment minimum set forth in section 66-144(h) (4) except where the jurisdiction has determined that employment falls below minimum due to accident, casualty, fire, explosion, or natural disaster. If the period of construction exceeds two years, the facility shall be considered complete for purposes of abatement and in no case shall the period of abatement inclusive of construction and completion exceed eight years. If a modernization project includes facility replacement, the value upon which abatement shall be determined shall be the value of the new unites) less the value of ~he old unites). Modernization projects are eligible for abatement according to the above formula with the exception that abatement shall not exceed 50 percent in any year." (h) Economic qualifications. Except as provided in sections 66-144(i) and (j) below, to be eligible for tax abatement, the planned improvement: (1) Should provide an economic benefit to the city, taking all relevant factors into consideration, including (i) size of the abatement, (ii) income from sales tax and franchise fees generated by the planned improvement, and (iii) any additional expense to the city in providing city services as a result of the improvement; and (2) Must be necessary because capacity cannot be provided efficiently utilizing existing improved property when reasonable allowance is made for necessary improvements; and (3) Must be reasonably expected to increase the value of the property in the amount of $21,000,000.00 upon completion of construction, and (4) Must be expected to prevent the loss of permanent employment, retain or create permanent employment for at 8 e ~RIGiNAl least 25 people on a permanent basis in the in the designated zone, provided that this employment qualification, shall take effect three years after the effective date of abatement and continue through the remaining term of the agreement; or (5) An abatement may be granted for a maximum investment of $750,000.00 per job created or retained. (i) Economic qualifications. If the property is located in an area designated as an enterprise zone pursuant to the Texas Enterprise Zone Act, as amended (Article 5190-7, Vernon's Texas civil statutes) and the city has not created a reinvestment zone, which includes property described under the provision of section 66-144 or 66-146 of this chapter, in order to be eligible for tax abatement the planned improvement: (1) Must be reasonably expected to increase the value of the property by a m1n1mum amount of $500,000.00 upon completion of construction; (2) Must be expected to create additional permanent employment for at least five people on a permanent basis who are residents of the enterprise zone or who are economically disadvantaged as that term is defined in the Texas Enterprise Zone Act; (3) Must not be expected to solely or primarily have the effect of transferring employment from one part of the city to another; (4) Must be necessary because capacity cannot be provided efficiently utilizing existing improved property when reasonable allowance is made for necessary improvements; and (5) Must be made by an entity operating an authorized facility that meets the criteria established for a qualified business under the Texas Enterprise Zone Act. (j) Research and development projects. If the planned improvement is for a research and development facility, in order to be eligible for tax abatement the planned improvement: (1) Must be reasonably expected to increase the value of the property by a minimum amount of $500,000.00 upon the completion of construction; and (2) Must be expected to create permanent employment for at least five people on a permanent basis in the designated zone, provided that this employment qualification shall take effect two years after the effective date of abatement and continue through the term of the agreement. The abatement period shall not exceed five years from the 9 e e ORlGINAL effective date of abatement and the percentage of value to be abated shall be 100 percent throughout the abatement period. (k) Taxability. From the date of execution of the abatement agreement to the end of the abatement period, taxes shall be payable as follows: (1) The value of ineligible property as provided in section 66-144(e) shall be fully taxable; (2) The base year value of existing eligible property as determined each year shall be fully taxable; and (3) The additional value of new eligible property shall be taxable in the manner described in section 66-144(g), except as provided in sections 66-144 (h) (5) and (j) (2) above. (1) Environmental qualification. In determining whether to grant a tax abatement, consideration will be given to compliance with all state and federal laws designed to protect human health, welfare and the environment ("environmental laws") that are applicable to all facilities in the state of Texas owned or operated by the owner of the facility, its parent, subsidiaries and, if a joint venture or partnership, every member of the joint venture or partnership ("applicants"). Consideration may also be given to compliance with environmental laws by applicants at other facilities within the united states" Sec. 66-145. Aqreement for economic development abatement. After approval, the city shall enter into an agreement with the owner of the facility and lessee (as required), which agreement shall include: (1) Estimated value to be abated and the base year value; (2) Percent of value to be abated each year as provided in this article; (3) The commencement date and the termination dated of abatement; (4) The proposed use of the facility; nature of construction, time schedule, map, property description and improvement list as provided in this article; (5) Contractual obligations in the event of default, violation of terms or conditions, d~linquent taxes, recapture, administration, and assignment as provided in this article and other provisions that may be required for uniformity or by state law; 10 e e ORIGINAL (6) Amount of investment and total permanent employees to be retained or created and total full-time equivalent jobs to be retained or created; and (7) A requirement that the company, on or before February 1 of each year the tax abatement agreement is in effect, provide the director a sworn statement that includes a delineation of the number of permanent employees, contract employees and part-time employees of the applicant company as of the immediately preceding January 1, who report to work in the reinvestment zone at each site covered by the agreement. (8) A requirement that the company annually file the form 11.28 with the appropriate county appraisal district to qualify for the abatement. (9) A provision that contract employees and part-time employees may be used to comply with the company's contractual obligation to create/retain jobs on a full-time equivalency basis for any number of jobs; provided that full-time equivalents shall only be used to satisfy the company's contractual obligation if the company maintains a minimum of 50 permanent employees who work on the project within the reinvestment zone." (10) A requirement that property in a reinvestment zone that is owned or leased by a member of the city councilor by a member of the city planning commission is excluded from tax abatement. Sec. 66-146. Redevelopment tax abatement authorized. (a) Creation. A property tax abatement program is hereby created to be administered in accordance with Chapter 312 of the Texas Tax Code, as amended from time to time. (b) Definitions. For purposes of this section and section 66- 147, the following words and terms shall have the meanings respectively ascribed: Department shall mean the department of finance and administration of the city. Revitalization strategy shall mean a plan prepared by the department to guide in the development of a designated reinvestment zone for the purpose of creating a viable and cohesive area in which to live and work. The revitalization strategy shall take into consideration input from interested individuals, civic associations and business groups from the proposed reinvestment zone. 11 e tRIGINAl OWner of taxable real property shall mean the person, corporation, company or other entity responsible for paying property taxes on certain property or an interest therein including a leasehold interest or interests. Sec. 66-147. Agreement for redevelopment property tax abatement. (a) Upon designation of a reinvestment zone, the city shall enter into property tax abatement agreements with interested owners of taxable real property located within the reinvestment zone. Upon the city's execution of an agreement hereunder, the base year value shall be determined. The agreement shall be conditioned on the owner of the property making certain improvement or repairs to the property as certified by the director as being consistent with the revitalization strategy. (b) In addition, the agreement shall be conditioned on those improvements or repairs being completed within two years of the date of the agreement. The tax abatement allowed under these agreements shall be 100 percent of the increase above the certified appraised value of the building or buildings or the portion of the building or buildings used for commercial or industrial purposes. The agreement shall provide that property tax abatement shall begin on January of the year following the completion of the improvements or repairs contemplated by the agreement. The maximum duration of tax abatements approved under sections 66-146 and 66-147 shall not exceed five years. (c) Property in a reinvestment zone that is owned or leased by a member of the city councilor by a member of the city planning commission is excluded from property tax abatement. (d) The city may enter into a property tax abatement agreement with the interested owners of taxable real property for improvements or repairs completed before the city's approval of the tax abatement agreement if: (1) The applicant has complied with the requirements of section 66-142; and (2) The applicant provides evidence of good cause as to why the city should grant tax abatements for improvements or repairs completed before the city's approval of the tax abatement agreement; and (3) The agreement is consistent with the requirements of subsections (a) through (c) above, except as provided in paragraph (2) of this subsection. Notwithstanding any other provision of this section, for tax abatement agreements approved under this subsection (d), city council shall determine the year that property tax abatement shall begin. 12 e e OR~GjNAL Sec. 66-148. Recapture. (a) In the event that the facility is completed and begins producing the product or service delineated in the agreement, but subsequently discontinues producing the product or service for any reason excepting fire, explosion, or other casualty or accident or natural disaster for a period of one year during the abatement period, then the agreement shall be terminated and the abatement of taxes for the calendar year during which the facility no longer produces the product or service also shall be terminated. The taxes otherwise abated for the calendar year in which the facility discontinued production or services specified in the agreement shall be paid to the city wi thin 60 days from the date of the termination of the agreement. (b) Should the city determine that the company or individual is in default according to the terms and conditions of the agreement, the city shall notify the company or individual in writing at the address stated in the agreement, and if such condition of default is not cured within the 60 days from the date of such notice ("cure period"), then the agreement may be terminated. (c) The company or individual shall be in default of the agreement in the event the company or individual: (1) Allows its ad valorem taxes owed the city to become delinquent and fails to timely and properly follow the legal procedures for their protest and/or contest; or (2) Violates any of the terms and conditions of the abatement agreement and fails to cure during the cure period; In the event of default, the agreement may be terminated and upon the termination all or a pro rata portion of the taxes previously abated by virtue of the agreement shall be recaptured and paid wi thin 60 days of the termination. The pro rata recapture of abated taxes shall be based on the number of years that the company was out of compliance and the degree to which the company was out of compliance, with equal weight being given to job creation and investment. (d) In the event the company defaults on any of the terms and conditions of the agreement, the company shall notify the city within 90 days of such default. (e) Notwithstanding the foregoing, the director and the city attorney are hereby authorized to negotiate and recommend to the city council amendments to tax abatement agreements subject to termination under this section in lieu of termination. Sec. 66-149. Administration. (a) The chief appraiser of the county appraisal district shall annually determine the value of the real and personal property 13 . . OR1G~NAL comprising the reinvestment zone. Each year, the company or individual receiving abatement shall furnish the city with such additional information applicable to the tax abatement as may be necessary for the administration of the abatement. Once the value of the real and personal property has been established, the chief appraiser shall notify the affected jurisdiction which levy taxes of the amount of the assessment. (b) The agreement shall stipulate that employees and/or designated representatives of the city will have access to the reinvestment zone during the term of the abatement to inspect the facility and all company records related to the abatement agreement and the project to determine if the company is in compliance with the agreement. All inspections will be made only after the giving of 24 hours notice and will only be conducted in such a manner as to not unreasonably interfere with the construction and/or operation of the facility. All inspections will be made with one or more representati ves of the company or indi vidual and in accordance with its safety standards. (c) Upon completion of construction, the city shall annually evaluate each facility receiving abatement to ensure compliance with the agreement and report possible violations to the contract and agreement. Sec. 66-150. Assignment. The abatement agreements may be assigned to a new owner or lessee of the facility with the written consent of the city council, which consent shall not be unreasonably withheld. Any assignment shall provide that the assignee shall irrevocably and unconditionally assume all the duties and obligations of the assignor upon the same terms and conditions as set out in the agreement. Any assignment of a tax abatement agreement shall be to an entity that contemplates the same improvements or repairs to the property, except to the extent such improvements or repairs have been completed. No assignment shall be approved if the assignor or the assignee are indebted to the city for ad valorem taxes or other obligations. Sec. 66-151. The adoption of the guidelines and criteria by the City Council of the City of La Porte does not: a) limit the discretion of the City Council of the City of La Porte to decide whether to enter into a specific tax abatement agreement; b) limit the discretion of the City Council of the City of La Porte to delegate to its employees the authority to determine whether or not the governing body should consider a particular application or request for tax abatement; or c) create any property, contract, or other legal right in any person to have the City Council of the City of La 14 e . OR~GINAL Porte consider or grant a specific application or request for tax abatement. Sec. 66-152. The City Council of the City of La Porte hereby establishes the policy of the City of La Porte, that tax abatement agreement applications will not be accepted for areas within the Battleground Industrial District and the Bayport Industrial District of the City of La Porte. However, as to any portion of such areas which are not within the corporate limits of the city of La Porte, Harris County Commissioners Court may establish tax abatement agreements for the benefit of itself, and taxing units other than the City of La Porte having jurisdiction over said area. section 2. The City Council officially finds, determines, recites, and declares that a sufficient written notice of the date, hour, place and subject of this meeting of the City Council was posted at a place convenient to the public at the City Hall of the City for the time required by law preceding this meeting, as required by the Open Meetings Law, Chapter 551, Texas Government Code; and that this meeting has been open to the public as required by law at all times during which this ordinance and the subject matter thereof has been discussed, considered and formally acted upon. The City Council further ratifies, approves and confirms such written notice and the contents and posting thereof. section 3. This Resolution shall be effective from and after its passage and approval. PASSED AND APPROVED this 28th day of September, 1998. By: ATTEST: _~(l~ Ma.tha A. Gillett City Secretary 15 . .--r11tl/e1J /J.1lfTIL "1/2. 'i/48 ORDINANCE NO. 98-2279 0 RIG' N A L AN ORDINANCE AMENDING THE CODE OF ORDINANCES OF THE CITY OF LA PORTE BY ADDING ARTICLE V GUIDELINES AND CRITERIA GOVERNING TAX ABATEMENT AGREEMENTS BY THE CITY OF LA PORTE, ADDING SECTIONS 66- 140 THROUGH 66-142 INCLUSIVE; AUTHORIZING CONSIDERATION OF AN APPLICATION FOR DESIGNATION OF THE "PPG INDUSTRIES REINVESTMENT ZONE"; FINDING COMPLIANCE WITH THE OPEN MEETINGS LAW; AND PROVIDING AN EFFECTIVE DATE HEREOF. BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF LA PORTE: Section 1. The City Council of the City of La Porte hereby amends the Code of Ordinances of the City of La Porte by adding Article V. "Guidelines and criteria Governing Tax Abatement Agreements by the City of La Porte", and adding Sections 66-140 through 66-142 inclusive, as follows, to-wit: ARTICLE V. GUIDELINES AND CRITERIA GOVERNING TAX ABATEMENT AGREEMENTS Sec. 66-140. The City Council of the City of La Porte hereby adopts the attached "City of Houston Tax Abatement Guidelines And Ordinances" as adopted and approved by the City Council of the City of Houston, in compliance with Section 312.002, Tax Code, except as specifically revised or modified by this Ordinance. These guidelines and criteria are attached hereto as Exhibit "A". The "City of La Porte" is hereby substituted for any references to the ci ty of Houston in the attached city of Houston Tax Abatement Guidelines and Ordinances, and the section references are amended to conform with the numbers set forth on this ordinance. Exhibit "A" is incorporated by reference herein and made a part hereof for all purposes. Section 44-112, "Economic development abatement authorized", subparagraph (g), is revised, and shall read as follows, to-wit: "(g) Value and Term of Abatement. Abatement shall be granted effecti ve upon the January 1 valuation date immediately following the effective date of the Agreement. Projects (other than modernization) which meet these guidelines and criteria are eligible for abatement on the value of the new property on a sliding scale as follows: Year abated Percentage of value abated 1, including construction 2, including construction 3 - 8 0% 50% 50% . e Provided, however that no abatement shall be given in the year when the facility fails to meet the employment minimum set forth in section 44-112(h) (4) except where the jurisdiction has determined that employment falls below minimum due to accident, casualty, fire, explosion, or natural disaster. If the period of construction exceeds two years, the facility shall be considered complete for purposes of abatement and in no case shall the period of abatement inclusive of construction and completion exceed eight years. If a modernization project includes facility replacement, the value upon which abatement shall be determined shall be the value of the new unites) less the value of the old unites). Modernization projects are eligible for abatement according to the above formula with the exception that abatement shall not exceed 50 percent in any year.1I section 44-112, "Economic development abatement authorized", subparagraph (h) (3), and (5), are revised, and shall read as follows, to-wit: "(3) Must be reasonably expected to increase the value of the property in the amount of $21,000,000.00 upon completion of construction; and" " (5) An abatement may be granted for a maximum investment of $750,000.00 per job created or retained." section 44-112, "Economic development abatement authorized", is revised, by adding thereto subparagraph (1), which shall read as follows, to-wit: "( 1) Environmental qualification. In determining whether to grant a tax abatement, consideration will be given to compliance with all state and federal laws designed to protect human health, welfare and the environment ("environmental laws") that are applicable to all facilities in the state of Texas owned or operated by the owner of the facility, its parent, subsidiaries and, if a joint venture or partnership, every member of the joint venture or partnership ("applicants") . Consideration may also be given to compliance with environmental laws by applicants at other facilities within the United states" section 44-113, "Agreement abatement" , subparagraph (9), is follows, to-wit: for economic development revised, and shall read as 2 e e "(9) A prov1s1on that contract employees and part-time employees may be used to comply with the company's contractual obligation to create/retain jobs on a full-time equivalency basis for any number of jobs; provided that full-time equivalents shall only be used to satisfy the company's contractual obligation if the company maintains a minimum of 50 permanent employees who work on the project within the reinvestment zone." Sec. 66-141. The adoption of the guidelines and criteria by the City Council of the City of La Porte does not: a) limit the discretion of the City council of the City of La Porte to decide whether to enter into a specific tax abatement agreement; b) limit the discretion of the City Council of the City of La Porte to delegate to its employees the authority to determine whether or not the governing body should consider a particular application or request for tax abatement; or c) create any property, contract, or other legal right in any person to have the City Council of the City of La Porte consider or grant a specific application or request for tax abatement. Sec. 66-142. The City Council of the City of La Porte hereby establishes the policy of the City of La Porte, that tax abatement agreement applications will not be accepted for areas within the Battleground Industrial District and the Bayport Industrial District of the City of La Porte. However, as to any portion of such areas which are not within the corporate limits of the City of La Porte, Harris County Commissioners Court may establish tax abatement agreements for the benefit of itself, and taxing units other than the City of La Porte having jurisdiction over said area. section 2. Without limiting the generality of the foregoing, the City Council of the city of La Porte hereby authorizes City staff to entertain an application for designation of a reinvestment zone, to be designated the "PPG Industries Reinvestment Zone". The location of such zone is within the corporate limits of the City of La Porte, and is fully shown on a site plan attached hereto as Exhibit "B", and incorporated by reference herein for all purposes, and is more particularly described by metes and bounds on Exhibit "c" attached hereto and incorporated by reference herein. Such tax abatement agreement shall only apply to new investment having a 3 e e total value of a minimum of twenty-one million dollars. The agreement shall provide for exemption from taxation of real property or of fixed machinery, equipment, and process uni ts located on the real property, as provided in Section 44-112, subparagraph (g), hereinabove, subject to the rights of holders of outstanding bonds of the municipality, on the condition that the owner of the property make specific improvements or repairs to the property described on Exhibit "B" attached hereto. Such agreement shall provide for the exemption of the real property in each year covered by the agreement only to the extent its value for that year exceeds its value for the year in which the agreement is executed. Such agreement shall provide for the exemption of fixed machinery, equipment, and process units located on the real property in each year covered by the agreement other than fixed machinery, equipment, and process units that were located on the real property at any time before the period covered by the agreement with the City of La Porte, and other than inventory or supplies. An improvement, repair, development, or redevelopment taking place under the agreement must conform to the ci ty of La Porte I s Comprehensive Zoning Ordinance. Section 3. The City council officially finds, determines, recites, and declares that a sufficient written notice of the date, hour, place and subject of this meeting of the City Council was posted at a place convenient to the public at the City Hall of the City for the time required by law preceding this meeting, as required by the Open Meetings Law, Chapter 551, Texas Government Code; and that this meeting has been open to the public as required by law at all times during which this ordinance and the subject 4 e e matter thereof has been discussed, considered and formally acted upon. The City Council further ratifies, approves and confirms such written notice and the contents and posting thereof. Section 4. This Resolution shall be effective from and after its passage and approval. PASSED AND APPROVED this 14th day of September, 1998. CITY OF LA PORTE By: Norman L. Malone Mayor ATTEST: Martha A. Gillett City Secretary 5 e e ORIGINAL Potential Abatement Ramifications for PPG Project The numbers shown below are for illustration purposes only. The actual amounts of value that will be on line each year are unknown. I have selected numbers that are realistic enough that a decision based on those number is prudent. Year Project Value Full Taxes Taxes Abated Tax City Receives 1999 5,000,000 $ 35,500 $ 0 $ 35,500 2000 30,000,000 213,000 106,500 106,500 2001 35,000,000 248,500 124,250 124,250 2002 35,000,000 248.500 124,500 124,500 2003 45,000,000 319,500 151,762 167,738 2004 45,000,000 319,500 151,762 167,738 2005 55,000,000 390,500 151,762 238,738 2006 55,000,000 390,500 151,762 238,738 Totals $ 2,165,500 $ 962,048 $ 1,203,452 Assumptions: 1, No abatement is being offered the for the first year since the project is under construction. 2 The minimum value for abatement is $21,000,000. Once the $21,000,000 is reached, the entire amount, including the base $21,000,000 is included in the abatement calculation. 3. The maximum amount of the abatement is set at $42,750,000. This limit is set in order to assist Harris County in the adoption of their abatement, which is limited to $750,000 per full time job created. This project is set to add 57 full time jobs. " -} . ~ , . m " '. PPG Industries, Inc., 1901 Avenue H & 16th 51., P.O. Box 995, La Porte, Texas 77572-0995 John A, Weihrich, Plant Manager Fine Chemicals 281-471-0943 May 19, 1998 Mr. Robert T. Herrera, City Manager City of La Porte P.O. Box 1115 La Porte, TX 77572-1115 CITY ~t4\NAGeR q - ()-()- - C;q Re: Property Tax Relief -La Porte Plant Dear Mr. Herrera, Thank you very much for meeting with Hansen Gilan and myself in regards to the City of La Porte providing property tax abatement for our major capital improvement projects that may be constructed at the La Porte, Texas plant site. As we discussed, PPG Industries is currently considering the construction of a new Pharmaceutical Intermediates production unit, a new Isocyanates production unit, and an accompanying thermal oxidizer for pollution control. We estimate that the total cost of building these three units will be in the range of $40 million to $50 million. We would expect these three projects to require a permanent workforce of a minimum of 30 to a maximum of 42 highly skilled chemical plant operators and maintenance mechanics. It is expected that construction of these two units will take eighteen to twenty months and will employ upwards of 150 local construction workers. As I'm sure you are aware, there are several facilities with-in the PPG organization that would like to acquire these three units at their plant sites. As you also know, the current property tax rate on the La Porte plant is one of the highest rates paid by PPG. These three units, if built at our Lake Charles, LA plant, would enjoy a ten year 100% tax abatement and a low value and low tax rate when they finally enter the tax rolls in ten years. Any assistance that the City of La Porte can provide in making the La Porte plant more competitive, through property tax abatement, would be viewed very favorably by PPG's management and would provide additional incentive for PPG to locate these three units at the La Porte plant site. Sincerely, PPG Industries '. 9 rL CcJ ..<.~' John A. Weihrich, Plant Manager