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1996-11-25 CITY COUNCIL PUBLIC HEARING MEETING MINUTESMINUTES OF A PUBLIC HEARING OF THE CITY COUNCIL OF THE CITY OF PEARLAND, TEXAS, HELD ON NOVEMBER 25, 1996, AT 6:00 P. M. IN THE COUNCIL CHAMBERS, CITY HALL, 3519 LIBERTY DRIVE, PEARLAND, TEXAS. The hearing was called to order with the following present: Mayor Tom Reid Mayor Pro Tem/Councilmember Jerry Richardson Councilmember Helen Beckman Councilmember Richard Tetens Councilmember Larry Wilkins Councilmember Kevin Cole City Attorney Amy McCullough City Secretary Yolanda Benitez Others in attendance: Assistant City Manager Richard Burdine, Assistant Economic -- Development Director John Bowman and City Engineer John Hargrove. PURPOSE OF THE HEARING: To consider tax abatement for Texas Honing, Inc., located on Mykawa Road in Pearland in accordance with §312.201 of the Tax Code and City of Pearland Resolution No. R96-12. STAFF REVIEW Assistant Director of Economic Development John Bowman stated that Texas Honing, Inc., is an existing company which has been in the City of Pearland for some time. They are planning expansion which will double their building size with a new building that will be 28,000 square feet. They project that they will increase the number of employees from 70 to 100 within two years. Mr. Bowman reminded Council that Texas Honing had purchased three acres of land from MTI where they will be erecting the new building. Mr. Bowman pointed out that the school district will gain from this expansion because of the capitol investment on the building, which will bring them close to $20,000 per year during the abatement period. The City of Pearland will gain $3,788 estimated tax dollars 189 per year even with the 50% tax abatement. Mr. Bowman stated that Texas Honing has asked for a variance to allow them to begin construction immediately. City Attorney Amy McCullough reminded the Council that they had previously created the reinvestment zone, and this hearing was solely for the purpose of granting the tax abatement to Texas Honing. She added that the first reading of the ordinance would take place during the Regular Council meeting at 7:30 p.m. At the next City Council meeting, Council will be asked to pass a resolution with the contract attached as an exhibit. Mayor Reid explained the procedures to those who wished to speak before Council with regard to this issue. PERSONS WISHING TO SPEAK FOR THE PROPOSED REQUEST None PERSONS WISHING TO SPEAK AGAINST THE PROPOSED REQUEST None QUESTION AND ANSWER PERIOD: Councilmember Cole inquired about the types of jobs which will be created, to which Mr. Bowman replied that they would be $10 per hour manufacturing -type jobs. ADJOURNMENT The public hearing adjourned at 6:12 P. M. Mirwtes appr ved as submitted and/or corrected this day of A. D., 1996. Tom Reid, Mayor ATTEST: •r -