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HomeMy WebLinkAboutR-1989-19 . e RESOLUTION NO. 89-19 A RESOLUTION ESTABLISHING GUIDELINES AND CRITERIA GOVERNING TAX ABATEMENT AGREEMENTS BY THE CITY OF LA PORTE; FINDING COMPLIANCE WITH THE OPEN MEETINGS LAW; AND PROVIDING AN EFFECTIVE DATE HEREOF. BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LA PORTE: Section 1. The City Council of the City of La Porte hereby adopts the attached "Model Guidelines And Criteria For Granting Tax Abatement In A Reinvestment Zone Created In Harris County" as adopted and recommended by the Harris County Commissioners Court, in compliance with Section 312.002, Tax Code, as amended by Senate Bill 1312, of the 7lst Legislature. These guidelines and criteria are attached hereto as Exhibit "A", and incorporated by reference herein for all purposes. Section 2. 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. Section 3. 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. e RESOLUTION NO. 89-19 . Page 2 Section 4. 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 "International Cargo Network Reinvestment Zone." The location of such zone shall be on North Broadway Street, in the City of La Porte, and is more fully shown on a site plan attached hereto as Exhibit "B", and incorporated by reference herein for all purposes. The City Council of the City of La Porte further establishes the policy of the City of La Porte, that the City of La Porte, in exercise of its discretion as authorized by Senate Bill 1312, elects not to enter into a specific tax abatement agreement for the International Cargo Network, for abatement of City of La Porte ad valorem taxes. Section 5. 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 of La Porte, Texas for the time required by law preceding this meeting, as required by the Open Meetings Law, Article 6252-17, Texas Revised Civil Statutes Annotated; and that this meeting has been open to the public as required by law at all times during which this resolution 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 6. This Resolution shall be in effect from and after its passage and approval. PASSED AND APPROVED this the 13th day of November, 1989. AT(/~~ Cherie Black, City Secretary APPROVED, J ~ ~ CuI ' Knox W. Askins, City Attorney . e RESOLUTION NO. 89-19 A RESOLUTION ESTABLISHING GUIDELINES AND CRITERIA GOVERNING TAX ABATEMENT AGREEMENTS BY THE CITY OF LA PORTE; FINDING COMPLIANCE WITH THE OPEN MEETINGS LAW; AND PROVIDING AN EFFECTIVE DATE HEREOF. BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LA PORTE: Section 1. The City Council of the City of La Porte hereby adopts the attached "Model Guidelines And Criteria For Granting Tax Abatement In A Reinvestment Zone Created In Harris County" as adopted and recommended by the Harris County Commissioners Court, in compliance with Section 312.002, Tax Code, as amended by Senate Bill 1312, of the 7lst Legislature. These guidelines and criteria are attached hereto as Exhibit "A", and incorporated by reference herein for all purposes. Section 2. 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. Section 3. 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. . e RESOLUTION NO. 89-19 Page 2 Section 4. 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 "International Cargo Network Reinvestment Zone." The location of such zone shall be on North Broadway Street, in the City of La Porte, and is more fully shown on a site plan attached hereto as Exhibit "B", and incorporated by reference herein for all purposes. The City Council of the City of La Porte further establishes the policy of the City of La Porte, that the City of La Porte, in exercise of its discretion as authorized by Senate Bill 1312, elects not to enter into a specific tax abatement agreement for the International Cargo Network, for abatement of City of La Porte ad valorem taxes. Section 5. 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 of La Porte, Texas for the time required by law preceding this meeting, as required by the Open Meetings Law, Article 6252-17, Texas Revised Civil Statutes Annotated; and that this meeting has been open to the public as required by law at all times during which this resolution 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 6. This Resolution shall be in effect from and after its passage and approval. PASSED AND APPROVED this the 13th day of November, 1989. CITY OF LA PORTE By4~~q./~ Norman L ~ Malo .e, Mayor ATT~~ Cherie Black, City Secretary AP~Md Knox W. Askins, City Attorney ..1 .) ~ I j 1-10DEL GUIDELINES AND CRITERIA FOR GRANTING TAX ABATEJ.IENT IN A REINVESTMENT ZONE CREhTED IN HARRIS COUNTY \'lhereas, the creation and retention of job opportunities that bring new wealth is the highest civic priority; and l'lhereas, new jobs and investment will benefit the area economy, provide needed opportu~ities, strengthen the real estate market and generate tax revenue to support local services; and --...-. Whereas, the communities \-:ithin Harris County must compete 'Wi th other localities across the nation currently offering ta,: inducements to attract new plant and modernization projects; and . . Whereas, any tax incentives offered in Harris County would reduce needed tax revenue unless strictly limited in application to those new and existing industries that bring new wealth to the community; and ") ) Whereas, any tax incentives should not adversely affect the competitive position c;>f existing companies operating in Harris County; and Whereas the abatement of property taxes, when offered to attract primary jobs in .industries .which bring in money from outside a community instead cf merely recirculating dollars within a community, has been shown to be an effective method of enhancing and diversifying an area's economy; and Whereas effective September '1, 1987, Texas law will require any eligible taxing jurisdiction to establish Guidelines and Criteria as to eligibility for tax abatement agreements prior to granting of any future tax abatement, said .Guidelines and Criteria to be unchanged for a two year period unless amended by a three-quarters vote; and Whereas to assure a common, coordinated effort to promote our communities' economic development, any such Guidelines and Criteria should be adopted only through the cooperation of affected school districts, cities and Barris County; and Whereas Harris County Commissioners Court has approved the ,.circulation of the attached Guidelines and Criteria to affected taxing jurisdictions for consideration as a common policy for all jurisdiction which choose to participate in tax abateffient agreements; Now; therefore be it resolved that (effected jurisdiction) does hereby' propose for consideration and adoption these Guidelines and Criteria for granting tax abatement in reinvestment zones in (affected iurisdictionl. \ ! EXHIBIT "A" ~. ) I 0'0 .e e DEFINITIONS Section 1. (a) II Abatement" means the full or valorem taxes of certain real zone designated by (affected development purposes. partial e>:emption from ad property in a reinvestment jurisdiction) for economic (b) "Affected jurisdiction" means Harris County and any municipality or schoo.l district, the majority of which is located in Harris County, that levies ad valorem taxes upon and provides services to property located within the proposed or existing reinvestment zone designated by Harris County. (c) "Agreement" means a contractuAl property owner and/or lessee and for the purposes of tax abatement. agt'.eement between a (affected jurisdiction) (d) "Base year value" means the assessed value of property January 1 preceding the execution of the plus the agreed upon value of eligible improv'ements made after January 1 but before the of the agreement. 0 : eligible agreement property execution (e) "Deferred maintenance" means improvements necessary for continued operations which do not improve productivity or alter the process technology. (f). "Distribution Center Facility" means buildings and structures, including 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 Cou~ty. (g) "Expansion" means the addition machinery. or equipment for production capacity. of buildings, purposes . _ of structures, increasing (h) "Facility" means property improvements completed or in the process of construction which together comprise an integral whole. ( i) "M~nuf~cturing Facility" means buildings and structures, including 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. " I r ~. (j) (k) e e) "Moderniza tion II means a complete or partial demolition of facili ties and the completE: or partiQl reconstruction or installation of a. facility of !:imilar or expanded production capacity. Modernization may result from the construction, alteration, or installation of bUilding!:, structures, machinery or equipment. Modernization shall include improvements for the purpose of increasing productivi ty or updating the technology of machinery and equipment, or both. -. "New Facility" means a property previously which is placed into service by means other conjunction with expansion or modernization. undeveloped than or in (1) "Other Basic Industry" 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 prima~~ly serve a market outside the Houston. Consolidated Metropolitan Statistical Area (CMSA) and result in the creation of new permanent jobs and bring new wealth in. ) (rn) (n) (0) "Productive Life" means the number of years a property improvement is expected to be in "serv'ice in a facility. "Regional Entertainment Facility" means buildings and structures, including machinery and equipment, used or to be used to provide' entertainment through the admission of the general public where the majority of users reside at least 100 miles from any part of Harris County. "Research Facility" means building and including machinery and equipment, used or primarily for r.esearch or e::perimentation to develop new tangible goods or materials or to develop the,production processes thereto. structures, to be used. improve or improve or (p) "Regional Service Facility" means buildings and structures, including 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. (a) \ " I ABATEMENT AUTHORIZED Section 2 Authorized abatement Facility, Facility, Industry. Facility. A facility may be eligible for if it is a: Manufacturing Facility, Research Distribution Center or Regional Service Regional Entertainment Facility or Other Basic - 3 - -:; (b) e , " e Creation of New Value. Abatement may only be granted for the additional value of eligible property improvements made subsequent to and specified in an abatement agreement between the (affected jurisdiction) and the property owner or lessee, subject to such limitations as (governing body) may require. (c) New and Existing Facilities. Abatement may be granted for new facilities and improvements to existing ~acilities for purposes of modernization or exp.ansion. --'. (d) Eligible Property. Abatement may be e>:tended 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. " . Ineligible Property. The following types of property shall be fully taxable and ineligibie for abatement: land; inventories; supplies; tools; furnishings, and other forms of movable personal property; vehicles; vessels; aircraft; housing; hotel accommodations; deferred maintenance investments; property to be rented or leased except as provided in Section 2 (f); improvements for the generation or transmission of ~~ectrical "energy not wholly consumed by a new facility or expansion; any improvements, including those to' produce, store or distribute natural gas, fluids or gases, which are not integral to the operation of the facility; property which has a productive life of less than 15 years; property o\'med or used by the, State of Texas or its political subdivisions or by any organization owned, operated or directed by. a political subdivision of the State of Texas. (f) OWned/Leased. Facilities. If a leased facility is granted abatement the agreement shall be executed with the lessor and the lessee. (e) ) (g) " I ... Value and .Term of Abatement. Abatement shall be granted effective with the January 1 valuation d~te immediately following the date of execution of the agreement. One hundred percent of the value of new eligible properties shall be abated for up to two years during the period of constructions and for five years thereafter. The abatement may be extended through an initial agreement and a subsequent agreement as may be required to comply with state law regarding the term of a reinvestment zone. If the period of construction exceeds two years the facility shall be considered completed for purposes of abatement and in no case shall the period of abatement inclusive of construction and completion exceed seven years. - 4 - ~. J ) ," e e (h) Economic Qualification. In order to be eligible for ciesignation as a reinvestment zone and receive tax abatement the planned improvement: (1) must be reasonably expected to increase the value of the property in the amount of $5 million; (2) must be expected to prevent the loss of employment, retain or create emploj~ent for at least 30 people on a permanent basis in Harris County; and, (3) must not. be expected to solely or primarily have the effect of transferring employment from one part .of Harris County to another. (4) must be necessary because capacity cannot be provided efficiently utilizing. existing improved property when reasonable allowance is made for necessary improvements. ' -- (i) Taxability. From the execution of. the abatement to the end of the agreement period taxes shall be payable as follows: (1) The value of ineligible property as provided in Section 2(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 adcitional value of n~w~ eligible property shall be taxable in the manner described in Section,f(g). APPLICATION Section 3. (a) Any present or potential owner of taxable property in (affected jurisdiction) may request the creation of a reinvestment zone and ta>: abatement by filing a written request with 'the(affected jurisdiction). . (b) The application shall consist of a completed application form accompanied by: a. general description of the proposed use and the general nature and extent of the mOdernization, expans~on or new improvements to be undertaken; a descriptive list of the improvements which will be a part of the facility; a map and property description; a time schedule .for undertaking and completing t~e' planned improvements. In the case of modernization a statement of the assessed valu~ of the facility, separately stated for real and personal property, shall be given for the tax year inunediately proceeding the application. The application form may require such financial and other information as the (qoverning body) deems appropriate for evaluating the fin~ncial .capacity and other factors of the applicant. Upon receipt of a completed application, the County Judge shall notify in writing the presiding officer of the legislative body of each affected jurisdiction. Before acting upon the application, the (affected jurisdiction) shall through public hearing afford the applicant and the " (c) ) ) - 5 - e . .~. designated representative of any affected juri~eiction opportunity to show cause why the abatement should or should not be granted. Notice of the public hearing shall be clearly ic1entifie=d on a (aoverning body) agenda to be posted at least 30 days prior to the hearing. (d) The (governing bodv), not more than 60 days after receipt of the appli~ation, EJhall by resolution either approve or disapprove the application for tax abatement. The (presiding officer) shall notify the applicant of approval or disapproval. If disapproved a (member of the governing body) may request a second rev.iew, in which case a new application and hearing shall be required. -- (e) The (aoverninq body) shall not establish a reinvestment zone for the purpose of abatement if it finds that the request for the abatement was fil~d after the commencement of construction, alteration,'" or installation of improvements related to a proposed modernization, expansion or new facility. } (f) -" Variance. Requests for variance from the provisions of Section 2 may be made in written form to a designated member of (aoverning "body). Such request shall include all the item~ listed in Se'ction 3 (b) above, together with a complete description of the circumstances which prompt the applicant to request a variance. The approval process for a variance shall be identi.cal to that for a standard application and may be supplemented by such additional requirements as may be deemed necessary' by the designated member of (qoverning body). ' PUBLIC HEARING Section 4. (a) Should any affected jurisdiction be able to show c~use in the public hearing why the granting of ~batement will-have a substantial adverse affect on its bonds, tax revenue ~ service capacity or the provision of service, that showing shall be .reason for the (governing body) to deny any designation of the reinvestment zone, the granting of abatement, or both. (b) Neither a reinvestment zone nor abatement agreement shall be authorized if it is determined that: " ) ) (1) there would be a substantial adverse affect on the provision of government service or tax base: (2) the applicant has insufficient financial capacity; (3) planned .or potential use of the property would constitute a hazard to public safety, health or morals: or, (4) violation of other codes or laws. - 6 - ..~ . e. e AGREEl>~EN'r Section 5. (a) After appro~al the. (qoverninq body) shall formally pass a resolution "and execute an agreement with the owner of the facility and lessee as required which shall include: ") (a) (b) " .J (c) (1) estimated value to be abated and the base year value; (2) percent of value to be abated each year as provided in Section 2(g); (3) the commencement date and the termination date of abatement; (4) . the proposed use of the facility; nature of construction, time schedule, map, property description and improvement list as provided in Application, Section 3(b)i (5) contractual obligations in the event of default, violation of terms or cond:i::tions, delinquent taxes, recapture, administration and assignment as provided in Sections 2(a), 2(f), 2(g), 6,7 and 8, and; (6) size of investment and average number of jobs involved. Such agreement shall. normally. be executed wi thin 60 days after the applicant has ~forwarded all necessary information and doc~entation to the (qoverning bodv). - RECAPTURE Section 6. :I:n the event that the facility is completed and begins producing product or service, but subsequently discontinues producing 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 terminate and so shall the abatement of the taxes for the calendar year during which, the facility no longer produces. The taxes othenlise abated for that calendar year shall be paid to the (effected jurisdiction) within sixty days from the date of termination. Should the (governing body) determine that the company or individual is in default according to the terms and conditions of it's agreement, the (qovc:.-ning body) shall notify the company or individual in writ~ng at the address stated in the agreement, and if such is not cured wi thin sixty (60) days from the date of such notice ("Cure Period")~ then the agreement may be terminated. In the event that the company or individual (1) allows its ad valorem taxes owed the County or affected jurisdiction to become delinquent and fails to timely and properly - 7 - .., . ~ I .. e , I I . 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, the. agreemen.t then may be terminated and all taxes previously. abated by virtue of the agreement will be recaptured and paid within sixty (60) days of the termination. ADMINISTRATION Section 7 (a) ~le Chief Appraiser of the County shall annually determine an assessment of the ~eal and personal property comprising the reinvestment zone. Each year, the company or individual receiving abatement shall furnish the assessor with such information as may be necess:ary for the abatement. Once value has been established, the Chief Appraiser shall notify the affe~ted jurisdictions which levies ta}~es of the amount of the .assessment. (b) "") I (c) "\ .; ./ The agreement shall stipulate that employees and/or designated representatives of the (affected juriSdiction) will have access to the reinvestment zone during the term of the abatement to. inspect th.e facility to determine if the terms and conditions of .the agreement are being met. All inspections will be made only after the giving of twenty-four (24) hours prior notice and will only be conducted in such manner as to not unreasonably interfere with the construction and/or operation of the facility. All inspections will be' made with one or more representatives of the company or individual and in accordance with its safety standards. Upon completion of construction the (affected jurisdiction) shall annually evaluate each facility receiving abatement to insure compliance with the agreement and report possible violations to the contract and agreem~nt to. the (affected jurisdiction) and its attorney. ASSIGNMENT Section 8 Abatement may be transferred and assigned by the holder to a new owner or lessee of the same facility upon the approval by resolution of the (aoverninq bOdy) subject to the financial capacity of the assignee and provided that all conditions and obligations in the abatement agreement are guaranteed by the,'execution of a new contractual agreement with the (affected 1urisdiction). No assignment or .transfer shall be approved if the parties to the existing' agreement, the new owner or new lessee are liable to Harris County or any affected jurisdiction for outstanding taxes or other obligations. Approval shall not be unreasonably withheld. - 8 - ~ ) .... .i (a) . (b) "- r e") e .) SUNSET PROVISION Section 9. These Guicielines and Criteria are effective upon the date of their adoption and will remain in force for two years, at which time all reinvestment zones and tax abatement contracts created pursuant to its provisions will be reviewec. by the (governing body) to determine whether the goals have been. achieved. Based on that review, the Guidelines and Criteria will be modified, renewed or eliminated. -- This policy is mutually exclusive of e>:isting Industrial District Contracts and owners of real property in areas deserving of special attention as agreed by the affected jurisdictions. ". - 9 - I .~. ... I e e 0,1 """'\ -- Annotation of the Guidelines and Criteria For the Creation of Reinvestment Zones in Harris County Section la.The abatement policy is defined for .'economic development purposes." No provision is made for redevelopment, which io being handled separately. Abatement applies to real proper~7 only and therefore excludee p~r~onal property such as office fi::tureo and inventories. The net effect of thio limitation will be to assure that local governments receive addi tional revenue from personal property associated. with the tax. Section lb. All "affected jurisdictions" will receive notice o~ public hearing (Section 3c) and abatement will not be granted if it has a negative impact on an affed~ed ju:isdiction (Section 4a). l'7ater districts and other special jurisdiction~ arc not "affected jurisdictions." "' ) 'Section ld. The "base year value" applies to the vo.lue before irnprovement~, which will be full~ taxable (Section 2i). It has not. been determined at this time whether the base year value will be fixed or allowed to fluctuate based on the cho.nges in market conditions and value of the base assets. The base year value includes properties on the tax roll January 1 preceding the ~greernent as well as any properties added until the ag:eemcnt is execu~ed. In ether words, . improvements added after J4nuary I bu~ before the execution of the agreement will not be eliyible for abatement. Section Ie. The definition "deferred maintenance" appliao to certain ineligible maintenance investments necessary for continued operations (Section 2e). Section If. A "diotribution center facility" is eligible for abatement (Section 2a) p~ovided that the majority of service is provided to points at least 100 miles from Harris County. The purpose is to avoid abating property located in' Harris County that primarily serves Harris County markets. Such businesses locate here to tap our market and incentive is unnecessary. It is doubtful whether abatement would provide any addition4l employment. The definition provides tho.t the facility may also "service" owned goods or a~sets. In other words, a regional or nationa~, service or repair facility is eligible. .;. " Section. 19. Eligibility :for iObCltement due to "expansion" -1 (Section 2c) requires that production capacity be increased. Section lie A "manufacturing facility" eligible for abatement (Section 20.) need :'lot meet a requirement with respect to where ., , e. Annotation, page 2 e .o~ "\ '" ) the product is destined or sold. The rationale high plateau $5 million m1n1mum inve~tment effectively eliminates any m~nufacturer who is regional, nationa~ or international market. Section lj. Definition of "modernization" allows the administrator to delineate between an ineligible deferred maintenance investment and an eligible modernization investment where productivity ~s increased or the technology is updated. here is that the (Section 2!) not selling in a -- Section 11 Other Basic Induntry is a catchall intended to allow abat~lnent (Sec~ion 2a) for good economic development projects not elsewhere covered. The requirements are that the facility (1) produce products or services that primarily serve outside the four-county Houston Consolidated Hetropolitan Statistical Area (CllSA); (2) result in n~w jobs; and (3) bring neu uealth in. ; Section 1m. "Productive life" deals with ineligble property (Section 2e). It would be illogical for jurisdictions to yrant abatement to a short-lived property that would never be ta~ed. Accounting conventions often allow for a short productive life 'for depreciation purposes. "Productive life" here means the number of years the property is ilctually expected to be in service in the facility. Section 2e states that property must. have productive life of at least l5 years to be eligible. "' Section In. 'l'he purpone in allowing for an abatement for a regional entertainment facility (Section 2a) is to encourage the location oi regional facilities that will draw maximum dollars and new wealth to the conununit~,. E:cample: Disneyworld. E:~clud~d are indigenous facilities that primarily serve the local population. Such a facility has no positive effect since it merely shift. entertainment dollars from one form of entertail~er.t to another. Definition requires that a majority of users reside 100 miles from any part of Harris County. ", ., Section lO..A "research facility" eligible for abatement (Section 2.:1) must focus on applied product research as Opposed to behuvioral or government-related research. Section Ip. A "regional service facility" is eligible (~ection 2a) and is similar to a regional distribution facility. It requires that the facility must primarily serve a regional market at least 100 miles from Harris County. The intent is to make ineligible' those types of service businesses which do most their \'lcrk in cur local markets while at the same time encouraging national servi~e centers that bring new payroll. Section 2a. Abutement is restricted to defined facilitieo. ) Section 2b. Provideo that no work unuer construction beiore the ilgreement is executed will be. abilted, that abatement is l ) ) I '( .. , Annotation, page 3- . ./ e r.estricted to new improvements that must be specified in the a~eement . Section 2c. Provides that new facilities as well as those. exi.sting facilities which are being expanded or modernized are eligible. This "level playing field" gives equal treo.tment to empl.oyers who have. already made. investments in Harris County since their new investments could be abuted. -- Section 2d. Describes the types of investments that are eligible. Included' are structures, fi~ed machinery and si tei:nprovelilents plus office space and other improvements necessary for the operation and administration. Assets unrelated to the project arc not eligible. . Section 2e. Provides an ey.tensive list of properties that arc ineligible fo~ abatements: land, in~entories (particulurly manufacturing inventory, \-/hich is a.' significant sourc~ ot revenues for local governments), supplies, tools, furr.ishings, personal property, vehicles, vessels, aircraft, housing, hotel accommodations. Housing is excluded because it creates unworkable problem!; for competitors in the housing industry. The ::lame problem applies with the hotel industry, which locates facilities because of the market, not abatement. Deferred maintenance is ineligible because it is a normal part of operating a plant. Improvements. for the generation of electrical capacity are e]:cluded from abatement because these types of invcst.-nents enter into direct competition with regulated utilities which do not nave the benefit of abatement. Improvements to store, produce or distribute natur~l gas and fluids that are not integral to the operation of the facility are excluded because existing pipeline::; and other transmission systems are not eligible. Properties which have a productive life of less that 15 years are excluded to assure governments will get ta]: revenue for a period e:.:ceeding the time frame oi the abatement. ., Section 2f. Owned/leased Facilities. Al though it would be advantageous to exclude all leaseu property, financing arrangements ortcn force an operator to use a leased facility. In this case abatement will be allowed only if a binding agreement is e~ecuted by the county with the lcssor and the lessee. iloth parties are subject to recapture. Section 2g. Value anc. Term of Abatement. Once the agreement io executed, taxes will be abated effective January 1 following for up to t~o years during construction and a ma::imum of five years thcreafter. '- B}' abating the construction period, we do not put the goverr.mcnt in the position where they collect revenue during construction only to have it cut off o.fter construction is completed. Not~ that if construction e::ceeds two years for purposes of abatecent, , . l ./ J Annotation, page , j e the project is considered completed and the clock begins running which means that in no case will the abatement exceed seven yearo. The full abatement during construction is typical of abatement progr~s elsewhere. Provisions for extending the abatement period through the term oi the reinvestment zone is intended to deal with any future chi.1nges that might occur in state lau, ao well as provide for the aba~ement of a second or third-stage project th~t might e~tcnd well into the term of the reinves~lent zone. The abatement need not start immediately. Execution' of the contract (Section Sa) can occur at any time after County approves the resolution (Section 3d). Section 2h. Economic qualifications de~cribed herein are intended to limit investments as far as practical to those th~t are beneficial to the community and practical to administer. Section 2hl. Provides for a minimum new investment yielding $25.,000 incremental tax revenue to H~rris County government. A~ a $.48 tax rate, the minimum investment is $5 million. Attar aba,tement, the minimum project can be e::pected to yield a.bout $100,000 annually under the typical $2.00 combined' city-county-school tax rate. Section 2h2. Deals with the employment impliciltions of the proposed improvement. Note that the project. does not have to Ciluse or create new employment. It can preve~t. or mildIlli::e the loso of existing employment where technolo.q;..cal change would . otherwise cause us to lose a plant to another .state or regior~. AS an e~:a.mple, assume that a company approves a new petrochemical plant and is between a HiOrris County location or ~nother location. As a part 0: that decision, an old plant in li.arris County would be shut down. The new plant is a significant step forward in technology, and as a consequence would onl1 require 5U employes, compared to the existing process that reguires ~OO employes. In the event that no ab4tement \lere offf::red, harris County could lose all 200 employes. Howev~r, by allo\'lillg abatement to minimi~e the loss of employm~nt, Harris County would be eligible to offer the abatement and compete to keep those 50 permanent jobs. Construction jobs are a bonus. _ '. Section 2h3. Deals with the concern that companies might transfer ereployes from one part of the county to anothe~ to get abatement. That ~ort of situation is not entirely precluded, since there \'lill be' cases ill which companies might want to consolidate part of their work force into a new f~cility. However, policy do~s provide that the investment cust ~ot solcly or primarily h~ve the j " ~ ! Annotation, page 5tt e_- I " effect of transferring employment. The term ..primarily" as used here and elsewhere means a majority of the jobs must be new. Section 2h4. Deals wit~_ the competitive problems created by abatement. It .provides that the facility must JJe necessar~' because the prospect cannot conduct businef?s using existing capaci ty when a reasonable financial allo\/ance is made for the improvements necessary to bring that existing property up to specitication. This particular circumstance is appropriate to office headquarters location. With 40 to 50 million square feet ot empty office space in the community, it is hard to imagine a situation where another office building would be justifi~d. o~ the othcr hand, a corporate headquarters might be justified in an area such as Clear Lake where there is a shortage'of office space. It would be reasonable to abate because of the multiplier eifect on jobs. In another case, if a company h~d u~ique office requirements that could not be met with existing property, we should be able to abClte rather than lose the jobs. Yet \Ie dQ !lot want: to grant blanket exemption to office buildings (even tor headquarters) that might add to the space glut, cause the loss of taxes or put'owners at a diso.dvantage. If a developer or anyone el~e can make a reasonable case that existing property can be used efficiently, abatement will not be granted. -. -- - Section 2i Describes and specifies taAable status of property en the facility. Section 3a. Informs the potential applica11 where to file an -application for abatement. Section 3b. Describes the information that. must be in the application. Notice that the details filed with the applic~tion are e~tensive and provide the necessary information for the County to determine whether the abatement. complies with the intent of these guidelines. In the case of modernization, it requires a separate rendering of real and personal propert~es for the purpose of establishing the base year value. Also notice that the county io authorized to require such other financial information as it may.deem appropriate. In this case, it may be Clpprcpriate to look at the resources of the applicant, clearar,ces \~i th respect to pollution or environmental impacts, and other information. Section 3c. Provides a show-cause hearing and a 30-day \/ait period before the hearing to allow for thorough investigation by the public and affected parties. \ ( Section 3d.' Provides for a speedy 60-day e::ecution of the a?plication. It is required that the county notify the applicilnt if the abatement will be approved or not. The approval re~olution constitutes an intent on the part of the county to execute an agreement. It illeo provides that. it tc:.kes a commisioner to .. .- Annotation, page 6- e ,; .l request a second review if an abatement is turned down. A second hearing would be required. "The logic behind this provision is twoiold. First, if the petitioner doesnlt have the support of at least one commissioner, then there is no point in having a secQ~d review. Second, in requiring a new hearing, interested parties will have a full opportunity to view the modified proposal. -- Section 3e. Provides the abatement will not be granted if it io found that construction has alre&dy uegun. Some ~dmini~trutive interpretation is required for this section relative to \",hat level of activity constitutes "conunencementl' (permit, company project approval, and initial engineering, etc.) Section .3f.Variance procedure allows individual application changes to Section 2 provisions regarding the length, v.alue, eligible ~ropcrt1 and economic criteria for abatement. ) - Section 4a. If an affecteu jurisdiction is able to sho\., cause \,hy the abatement Ghould not be provided, such showing will be cause for the COIlUaissioners Court to derlY the designation. !t i~ important to point out that the affected juri~dicticns are tho~c .which. levy ta:;es and provide services into the affected area. Ii: the- jurisdiction levies taxes but pro.vides no services, it is not positioned to appeal. If it provides services but levies no te.:~es, it is not positioned to' appeal. Section 4b. In addition to adverse impact 011 affected jurisdictions, abatement will be denied if the applicant ha~ -i'ilsufficient financial capacity, the :filcility would viola. te safety or laws, etc. Section Sa. The agreement must contain specific definition of the base value, new improvements, years of abatement. The applicant also cornmi ts to the use of the property subj ect to verification and potential recapture. Applicant contracts l~ase conunit:nents, recapture, resolutioll. of conflicts, access';. to property, limits on assignment, etc. Section 6. nec~pture. Self-explanatory. Section 7. Administration. Self-explanatory. Section 8. The abatement may be assigned but not if obligations ara outstanding (buyer or seller) to all affected jurisdiction. Subject to County determination that the new operator hilS adequate".fiI:1ancial cilpacity to follow through on the agreemeat. j I Section 9a. The abatement policy docs no~ expire ilutomatically but a 1989 date is ~et to review the program. Any abc..tement is binding tor its full terI:\ stated in th~ agreement. . . .~ ) P'"ge 7 e '- ~; Annotation, ... Section 9b. arrangements district. 'l'he zone overlaps - \, i l eJ This abatement policy does not preclude other that may be made within a city, county or school section may be used in cases where the reinvestment a~ indust~ial district. I I I I J -- --------- II II ... ~ -- - "..... ,.""'L "."""-- ........ -[---~-- .....~ n ....,,~ t").....~ t~ ....,,~ .:!ftt-_~_~,._ SITE PlAN - # -I I I I I I I -- ,.. - - - - - .- PR-l l' 1 , , i I i I i I I I ! , ! 'j :i I I ~ 0:: ~ ~I " ~ I ~ ~I ~ z ~ ~ 8 H ~ .~ I ----------- I II .! II I I