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2005-04-11 CITY COUNCIL PUBLIC HEARING MEETING MINUTESMINUTES OF A PUBLIC HEARING OF THE CITY COUNCIL OF THE CITY OF PEARLAND, TEXAS, HELD ON APRIL 11, 2005, AT 6:30 P.M., IN THE COUNCIL CHAMBERS, CITY HALL, 3519 LIBERTY DRIVE, PEARLAND, TEXAS. The meeting was called to order with the following present: Mayor Mayor Pro -Tem Councilmember Councilmember Councilmember Councilmember City Manager City Attorney City Secretary Tom Reid Charles Viktorin Richard Tetens Woody Owens Larry Marcott Kevin Cole Bill Eisen Darrin Coker Young Lorfing Others in attendance: Deputy City Manager Alan Mueller; Executive Director of Community Services Nick Finan; Executive Director of Economic Development Corporation Fred Welch; Economic Development Manager Karen Dickson; City Engineer Doug Kneupper; Project Director Joe Wertz; and Senior Planner Theresa Grahmann. PURPOSE OF HEARING — TO CONSIDER THE CREATION OF A REINVESTMENT ZONE AND TAX ABATEMENT FOR SHAWCOR PIPE PROTECTION, LLC IN ACCORDANCE WITH SECTION 312.201 OF THE TAX CODE AND CITY OF PEARLAND'S GUIDELINES FOR GRANTING TAXING ABATEMENTS. Mr. Darrin Coker, City Attorney. STAFF REVIEW City Manager Bill Eisen stated an action item regarding this item is on tonight's Regular Meeting Agenda. This is part of the process required by The State in regards to Tax Abatement. Shawcor Pipe Protection has recently presented a piece of property to accommodate this issue. City Attorney Darrin Coker stated the Property Development and Tax Abatement Act within the Tax Code allows cities and counties to abate property taxes on improvements or construction on a property if they are located within a reinvestment zone. This Public Hearing is for an approximately 15 acre tract of land for Shawcor Pipe Protection. It would involve taking the 15 acres and designating it as a reinvestment zone, thus allowing the City to enter into a Tax Abatement Agreement with the Shawcor Pipe Page 1 of 2 — 4/11/2005 Protection in the future. This tax abatement would be for a period of five years. It can be renewed after that period. The property is located off Knapp Road at MyKawa. A zone change request will be considered during tonight's Regular Meeting. This Public Hearing will determine whether the improvements for the property are feasible and will benefit the property. Executive Director of Economic Development Fred Welch stated this is an expansion for the firm to bring in an additional pipe coating facility to accommodate contracts with the offshore oil industry. The Pearland Economic Development Corporation has provided an incentive package of approximately $60,000 to help out with equipment needs, should Council approve the tax abatement. He stated this is a great and favorable program for Shawcor Pipe Protection and the City. CITIZEN COMMENTS: None. COUNCIUSTAFF DISCUSSION City Attorney Darrin Coker stated all of the taxing entities have been notified of this Public Hearing. Prior to the consideration of the Tax Abatement Agreement, the taxing entities will be provided a copy of the agreement. ADJOURNMENT Meeting was adjourned at 7:07 p.m. Minutes approved as submitted and/or corrected this the 25th day of April , A.D., kellm Tom Reid Mayor ATTEST: Page 2 of 2 — 4/11/2005