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HomeMy WebLinkAboutO-2007-2992 ORDINANCE NO. 2007-00<c,~ AN ORDINANCE APPROVING AND AUTHORIZING A FOREIGN TRADE ZONE AGREEMENT FOR THE PAYMENT OF AD VALOREM TAXES BETWEEN THE CITY OF LA PORTE, TEXAS AND UNDERWOOD DISTRIBUTION CENTER, L.P.; MAKING VARIOUS FINDINGS AND PROVISIONS RELATING TO THE SUBJECT; 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 hereby approves and authorizes the contract, agreement, or other undertaking described in the title of this ordinance, a copy of which is on file in the office of the City Secretary. The Interim City Manager is hereby authorized to execute such document and all related documents on behalf of the City of La Porte. The City Secretary is hereby authorized to attest to all such signatures and to affix the seal of the City to all such documents. 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. 2 Section 3. This Ordinance shall be effective from and after its passage and approval, and it is so ordered. PASSED AND APPROVED, THIS J.L DAY OF~' 2007. CITY OF LA PORTE ." By: t'''''- ~--~~,-~. ....,. \ 1: ~ +- >". \....,// --1-... '-,/ ~"- "- i i ~-- Alton E. Porter, Mayor ATTEST: ~1kth<0kil M rtha Gillett, City Secretary A~. T-/l~~ Clark T. Askins, Assist. City Attorney FOREIGN TRADE ZONE AGREEMENT FOR THE PAYMENT OF AD VALOREM TAXES BETWEEN THE CITY OF LA PORTE, TEXAS AND UNDERWOOD DISTRIBUTION CENTER, L.P. THIS AGREEMENT (this "Agreement") is entered into by and between Underwood Distribution Center, L.P. ("Company") and La Porte, Texas ("City"). A. Recitals 1. The Port of Houston Authority is grantee of Foreign Trade Zone No. 84; 2. The Company is the owner and operator of approximately 3,694,271 square feet of distribution and warehouse facility within the Underwood Business Park, located on Porter Road (the east side of Underwood Road with frontage along the Highway 225 access road) in La Porte, Texas 77571, on a tract of land more particularly described in Exhibit A hereto, 3. Company desires to participate in the foreign trade zones program, and that an application be filed to the Foreign Trade Zone's Board to create an Expansion of the Houston Foreign Trade Zone No. 84 to include the property encompassing the Facility into the Zone; 4. A letter of non-objection from the City will aid in the efforts to obtain this modification from the Foreign Trade Zone Board; 5. 19 U.S.C. 9 81o(e) provides a federal exemption from state and local ad valorem taxes on tangible personal property imported from outside the United States, and held in a foreign trade zone for the purpose of storage, sale, exhibition, repackaging, assembly, distribution, sorting, grading, cleaning, mixing, display, manufacturing or processing and tangible personal property produced in the United States and held in a foreign trade zone for exportation, either in its original form or as altered by any of the above processes; 6. Inventory qualifying under 19 U.S.C. 9 81o(e) and held at the Facility in foreign trade zone space that is activated by U.S. Customs pursuant to 19 C.F.R. 9146 is exempt from state and local ad valorem taxes; and 7. Company and the City desire that the foreign trade zone designation cause no financial harm or net loss of revenue to the City Taxing Jurisdictions; NOW, THEREFORE, in consideration of the mutual promIses expressed III this Agreement, the parties agree as follows. B. Definitions When used herein, the listed words have the following meanings: 1. "City" means the City of La Porte, Texas, and does not include any other entities that may levy taxes on the Complex including, but not limited to, cities, utility districts and/or school districts. 2. "Complex" means the site described III Exhibit A attached hereto and all improvements thereon. 3. "FTZ Inventory" means any inventory held in the Complex that would qualify for the 19 U.S.C. s810(e) federal exemption for certain foreign trade zone inventory that would otherwise be taxable by the City Taxing Jurisdictions pursuant to Chapter 11, TEX. PROPERTY TAX CODE. 4. "Payment" means the amount equal to the property taxes on FTZ Inventory that a User would owe the City Taxing Jurisdiction in accordance with the provisions of Chapter 31, TEX. PROPERTY TAX CODE, if the 19 U.S.C.s810(e) exemptions is not applied. C. Obligations 1. Company agrees to the following with respect to FTZ Inventory owned by Company: a) Company waives the federal exemption provided in 19 U.S.c. s810(e) with respect to ad valorem taxes payable to the City for FTZ Inventory owned by Company and located at the Complex, to the extent of 75% of the City's ad valorem tax rate, thereby claiming the Federal exemption at the rate of 25%, and will actually pay to the City 75% of the otherwise total ad valorem tax liability, on FTZ Inventory. Company further agrees not to not raise the aforementioned exemption as a basis for protesting the appraisal of any FTZ Inventory owned by Company. b) On January 1st and September 1st of each year (the valuation date(s) for taxation purposes pursuant to TEX. TAX CODE SECTIONS 23.01 and 23.12(f)), Company will use reasonable efforts to identify and designate in a clearly identifiable manner any FTZ Inventory owned by it and held in an activated foreign trade zone space at the Complex. c) If the Texas Legislature alters the valuation date(s) for taxation purposes in the future, the inventory restriction outlined above will apply only to the new valuation date(s) as established under Texas law. d) Company will do the following: 1) Render information related to FTZ Inventory owned by it and located at the Complex as required by the TEXAS PROPERTY TAX CODE to Harris County Appraisal District ("HCAD"), without regard to and without identifYing FTZ Inventory as subject to or eligible for the federal exemption in 19 V.S.C. g810(e), and provide a copy to the City. 2) On or before December 15t of each year, during the term of this Agreement (andlor August 15t in cases where Company has elected a September 15t valuation date for taxation purposes pursuant to TEX. TAX CODE SECTION 23.12(f)), Company agrees to certifY to the City that it will claim the exemption in 19 V.S.C. g810(e) as it relates to the FTZ Inventory owned by Company, if any, with respect to ad valorem taxes payable to the City on such FTZ Inventory, only at the percentage rate agreed to under Paragraph C of this agreement. 2. Immediately upon execution of this Agreement, the City shall issue a letter of non-objection in substantially the form attached as Exhibit B, which is to be filed as part of the Company's Application to Expand Foreign Trade Zone No. 84 to encompass the Complex 3. Company agrees that this Agreement is necessary for the Expansion of the Foreign Trade Zone No. 84 to include the Complex, and such Expansion is in the best interest of the community. Therefore, a violation by Company of this Agreement or a determination of its invalidity would justifY a reversal of such Expansion. D. Miscellaneous Provisions 1. Governing Law. This Agreement will be interpreted under the laws of the State of Texas. 2. Binding Effect. This Agreement shall extend to and be binding upon and inure to the benefit of the parties hereto, and their respective legal representatives, successors and assigns. It is agreed that City Taxing Jurisdiction is a beneficiary of this Agreement and shall be entitled to enforce its terms and seek damages for its breach. 3. Entire Agreement. This Agreement supersedes any prior understanding or oral agreements between the parties with respect to the subject matter hereof and constitutes the entire understanding and agreement between the parties with respect to the subject matter hereof, and there are no agreements, understandings, restrictions, representations or warranties among the parties with respect to the subject matter hereof other than those set forth herein or provided for herein. 4. Agreement Does Not Affect Other Rights. Obligations or Agreements. This Agreement does not supersede, modify or affect any other agreement that has been or may be entered into between Company and any other taxing jurisdiction or any other person or entity. 5. Modification of Agreement. This Agreement may be modified only by written consent of all parties. 6. Further Assurances. The parties covenant and agree that they will execute such other and further documents as are or may become necessary or convenient to effectuate and carry out the purpose of this Agreement, including specifically all payment in lieu of tax agreements sought by Users. 7. Severability. To the extent permitted by law, a holding by any court that any part or any provision in this Agreement is invalid, illegal or unenforceable in any respect, shall not affect any other provision, and this Agreement shall be construed as if the invalid, illegal or unenforceable provision had never been a part of the Agreement. 8. Notices. Any notice permitted or required to be given must be in wntmg delivered in person or by certified U.S. Mail, return receipt requested, to the applicable party addressed as follows: Underwood Distribution Center, L.P. c/o Mr. Robert Clay Vice President Clay Development & Construction Inc. 800 Gessner, Suite 850 Houston, Texas 77024 City of La Porte, Texas 604 W. Fairmont La Porte, Texas 77571 Attention: City Manager 9. Term of Agreement. This Agreement shall terminate upon the revocation or termination of the grant of foreign trade zone status by the Foreign Trade Zone Board with regard to the Facility. 10. Counterparts. This Agreement may be executed in multiple identical counterparts and when taken together shall constitute one and the same instrument. A facsimile or similar transmission of a counterpart signed by a party hereto or a copy of a counterpart signed by a party hereto will be regarded as an original signed by such party for purposes hereof. EXECUTED on the dates set forth below, but effective as of the last date executed by all the Parties. UNDERWOOD DISTRIBUTION CENTER, L.P. By: Mr. Robert Clay, Vice President of Clay Development & Construction Inc. Date: CITY OF LA PORTE, TEXAS APPROVED AS TO FORM ~ C"--"~ ~.. ..~. By: " '~G. \ ~".'- Alton E. Porter, Mayor CITY ATTORNEY By: Knox Askins, City Attorney Date: Date: EXHIBIT A Legal Description of Site RESERVE "'P METES AND BOUNDS DP..sCRIPTION 44.4U ACRE TIitA.CT IDeATED IN THE ENOCH BRINSON SURVE:\'. A.! HARlUS COUNTY, TEXAS &1...g ~ ttlU1 Qrpll<IT~1 ofb;nd (:(1fltl\i:tUng 44.411 ~ of 11100 or 1.934.:;681'quart' fttt, located III tbc EtlOch Iki:n"on SUN")', .o\b<trac:t 5. ~ Cow:Jil}', T ~""". bei:lg <JII~t of lIDrt II pillI't of that cl:fillin 207049 au!: lnc[ (a.lled 206_9'XJ ~) of .rer:md in me name OfSL J"~ Paper- C>mpllny in Hams Counry' Oak's l'ik (ftC,C.F.) Number M03ZB56, .aid Xl7.049 _ tI::ad t:>f l'1:'ton:iin the ~~ 01 c.Z RClLl batt Ho~. L 11), in HCeF, No, Y404733; Sllid 44.411 acre WAC[ ~ fl.tLCIt'f' ~, deic~bed ~ foU<:JW'$ (an hc<a~ based 00 the 500thcrly RIgh[-of-Way line of !be Sootbt:m Paa6c JW:mad ~ SclUdt 70 ~ 15 1\bnulr.$ (() S<<onds r.-a5t poet said detdi) COMMENlNG a[ III Dupoot roncrett tllOIlWl':lCnt fOll.ltld foe the molIlllorthedy ~I ~ uf af""",a).d 20'[,049 am.- lnc~ smC wmu ~ 011 the wutl:1:\\~te:rl)' EtO,'lI, Ime OfafNCSWR.aII.ro.u:l (100 fc:t."I"'~); THENCE.. coincidmt the !\O\l~ line of IItfore-said KOW', South i'{1 ~ 15 ~tmU't~ 00 Secoods F~ II diJ;1lli:IK~ .,f 1,412.48 f<<!t ro II 518 im;h il'91l r<Jd with .cap liCt fur the north'\ll'eSt comc:r and POINT Of BEGINNING of the h-cn.:iln ~bcd tract; THENCE, conlinuing coincident dac .ooth'Wl$u.:rlr ~ of af~ RO.W., Sooth 7(1 Degrees 15 !>.tinures t'(, Seconds East,;t ~e or 2,744.97 feet to a Dupont C<'lDl:ttfe moaUlt'ldl1 found fur che n.mth~t b:lIller ",f the herein dl$C1:ibed ttIII:4:and the ftUdhwest =cr of a 1,7&6 ..en: l:til.<:1 of zoec:oai in the EJamO of !be Sate ofTum< in H.CC.F. Nwmboer C:H848',I: THENcE, ooifiddil!m die- C2!it line .of me- her,cm des.c1lI1:.:Jd t1'llIC[ 2tId the we,,[ ooe or afuresw 1.7&J lOC'n! tDCt, Soolit I}f, ~C'!i 53 l\tmutC'1i 54J Second!, F.as<l., II WUd'Joc of 38.237 fret t:c, a :'/8 IDch If'011 rod fUU1ld fotthe f'OUtheast comer of 1M bemin dcsa:Jbed trllCt,. and the GOUth"''C'!l1 comer of Gud 1,786 1IC~ tract, b~ 011 thl': n'Ortb I!nt: of II called 19.5(,(, RCl'l': IJ:lI,q Qf m:<ml in the IllUDe c.>f Hoo.ton Lighrint andP~ Company ill IleCr Number 0417662. THENCE. coincidwt rhe "lum line oime herein .:bc:tihed l:til.<:! and me norlh lint' III ""'lOUd 19,566 lI;(R tJi'llICI, South 89 Degrne. .39 !.finutel I}f, Seconds \);t""t, :II disunCt! of 2,31,U!8 feet: to II 5/1!. mc:h iron rod 'Wi;tha,p .~ .fo.t the """"tb"",", <:oI'ne:t at me ~ described tt:l.(:1;, THENCE, thtoItigil rmd jI.c:ros!> ltf~ 2lF04' acre Tr.iCt the folJo'lloH.g Ihree (3) OOLlfiell: 1. North 00 Degt'~ 33 Mlnures 54 SOl'1:Inm \X"elil.,i dt!;.tsnee .of 8S4,:~j) ftJct Ft, a 5/8 loch ll'l:m roo ....ith clip ;>C[ tor an dl comer of !be herci.'l dl:sccibed tract; 2, s.oum 89 ~ ~9 Minull:$ O(i Second. Wen.. a disllmOf of j(j).oe; f= to an dl comet of the ncmn. ~m.d ttllel; :t NOdh 00 ~ :lI:) Minute. 54 Seconds W...".. II distance 01439.63 feet to th.e POINT OF BEGINNING 2tId conrammg 44A11 I.IIa't5 olland Reno & ;\S&::IC:l3k$ N~ber 17, 2IJ06 Job No, 36-0404...RES_F RESERVE "H" METES AND BOUNDS DESCRIPTION 40.397 ACRE TRACT LOCATED IN TIlE ENOCH BRINSON SURVEY, A-S HAJUUS COUNTY, TEXAS Boi:ng ~ Il:X:I <:If p=I of bnd CflJlb1imog 441)97 ~ of llU1ld oT 1.'l59.i03 squs.rt': '-.. located in the Enoch Brtnsoll Sut'l'l!'J!, AbsttaCI 5, Hurilo Cow"y, Tens, being oul u( "od . J1'U't of that a:rnrin .2tli.lJ49 acre IntI:'t (aiI.ied XJ6.900 """" uacr) of tl'(X,ro ill th" niit1l.te of ~ .1"" ~ Cornpo.ny in IbniJ; COOlnty am's FLk (B.CCF.) Number MU3285l>, ...od 2lJ7,049 """" Im::l of ~ in th,. ...""'" o( e-2 Real EmR' HoIdimgs, L'ID, in RCC.F. N", W().C733; $Ilid 4Q,397 _ 1;nIcl being mor<: ~d:i &.robed 8S lo~ (ill ~ basw an Ib.. ~auIhetty IUgbt-of-W..y ~ of W Se>urh.= !'.icilX: JW.tud boa.Mg S<:n>th 7() ~ 15 MimJt6 00 SL'CCt:lili F..llSt pet said deed): BEGINNING 11 .a broken COI'>Ctct(' monumrot ciJkd and found at W!iOOth_~1 comet of both Ibe hercirI d=:ribcd trJIcr and aforcwd 2J:I7.049 acre ~1., f()r W DOt'l:hwCllt c<>mer fif a calld 19.:566 ac:J:<: I.l::lK:t of ~ in the name of Houston Lighting and Pv_r Coolpanr in H,CC.!", Nwnba: D417662, and 00 tht: t::Il!ll Ime of a a.II.cd 2.833 aa:e tm;t of =om in dR. namc of fiOU5ton Li8hting and p~ Coo:tpmy in V~ 2355, p~ 173 of the Detil R~s of Harri:! C~..mty, T~ md rorner being on !he ....'ellt line of afu€csa.id Enoch Brin.oo ~""Y....cl the _line of th.. NK:hoW CJorFr Sumry; TIlENCE, cooll;iclcnl tire """"t iinc of th" huc:in d==ib<:d ~ North 00 p..~ 24 Minll~ 09 ~ W..... (gJled Noeth no ~ 18 Mi.'IlU:' WClit), al a dio.t2!1Cf: of 150.00 leet wd H) foot left po.. '" 1.jpcl, ilurJ rod found for r.he ~.t comer or af~ 2.1I33 1t(tt t:racI rod tlle .""tbcast comet of a a.Ikrl7.29il acre trlliCt of tll'COt(\ m tire flsml': of Hausmo ~ and Power Cornpmy in V oluo~ 2J5$, l'ag<: 173 of the Deed Lcords ot Hatti. County, Ttl3S (Hc.DJt), and continue for an O\'mIIII disr:mce of I3S4J9 feet to a 5/8 incb iron rod ~ fOJ: the "odl"""'t comer of the hetcin described tract'. THENCE.. through md acro.. alore..u.:l20iJJ49 llICR IDa thefoll~ two (2)~; 1. N<lI1:h 8.9 ~ '!.9 Minu.... O(l :seoo...a. East, a d.is!:ance of 1;990.60 ~ m a S/8 inch iron rod with cap set rOT the norn,,,,,-,, rorDa (If th<, hcrcin &.CTlDed ~ 2 5c.Mh 00 ~ 20 Mimue 54 See_cbl J,~" a di'lan~ of 884.19 r.,..,r to ;\ 5/8 i,..:t. iroo r<>I;l with .""", oct fat the '(Nth~"""1 ~ of ~ herein o:ksicribet:l lnC4 THENCE, ~t ~ nurth ltoc of llfure!wd 195M ..ere I.t;tCt Sutith 8') ~ 39 Minu[{:S {It> St;;coc.as Welt" diswoce ror 1 ,'lS9]7 [l'el to th<; POINT OF BEGINNING "",<I COIUa&lllr~ 40.397 =.. of land. Reno & .....sociate. December 1, 2f.105 Job No. 3('.0404_RESH Exhibit B _,2007 Mr. Jack L. Beasley Foreign Trade Zone Manager Port of Houston Authority P.O. Box 2562 Houston, TX 77252-2562 Re:Application by Underwood Distribution Center, L.P. for an Expansion of Foreign- Trade Zone No. 84 to include warehouse facilities located within Underwood Business Park at Porter Road (the east side of Underwood Road with frontage along the Highway 225 access road) in La Porte, Texas 77571. Dear Mr. Beasley: The City of La Porte, Texas has received a notification from Underwood Distribution Center, L.P. of its desire to create a Foreign Trade Zone ("FTZ") at their property within the Underwood Business Park (estimated at 3,694,271 square feet) for Zone designated warehouse and distribution activities. The proposed Zone site is located at Porter Road (the east side of Underwood Road with frontage along the Highway 225 access road) in La Porte, Texas 77571, on a tract of land more particularly described in Exhibit A-I hereto. The City of La Porte, Texas has no objection to the Expansion of the FTZ as described above, as the City and applicant have reached a separate agreement regarding applicant's local obligations for payment of taxes on inventory. If you have any questions or comments, please contact , at L) _-_. Sincerely, (\ ,.---., ~t~~\:~.- Alton E. Porter Mayor, City of La Porte