Loading...
R97-01 01-13-97RESOLUTION NO. R97-1 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PEARLAND, TEXAS, AUTHORIZING THE CITY MANAGER TO ENTER INTO A TAX ABATEMENT AGREEMENT WITH KEIVlLON PRODUCTS & DEVELOPMENT CO./WHK FAMILY INTERESTS PARTNERSHIP LTD. ("KEIVlLON") FOR PURPOSES OF ARATING THE INCREASED VALUE OF THE PROPERTY OWNED BY KEMLON ON STATE HIGHWAY 35 WITHIN THE CITY LIMITS OF PEARLAND AT A RATE OF FIFTY PERCENT (50%) ANNUALLY FOR A PERIOD OF SEVEN (7) YEARS BEGINNING JANUARY 1, 1998, AND ENDING DECEMBER 31,2004; FINDING AND DETERMINING THAT TERMS OF SAID AGREEMENT AND PROPERTY SUBJECT TO THE AGREEMENT MEET THE REQUIREMENTS OF CHAPTER 312 OF THE TAX CODE, V.A.T.S. AS AMENDED, ORDINANCE NO. 743, WHICH ESTABLISHED A REINVESTMENT ZONE, AND THE GUIDELINES AND CRITERIA FOR GOVERNING REINVESTMENT ZONES AND TAX ABATEMENT AGREE- MENTS SET FORTH IN RESOLUTION NO. R96-12. established a Reinvestment tion No. R96-12. Section 3. BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PEARLAND, TEXAS: Section 1. That certain tax abatement agreement, by and between the City of Pearland and KernIon, a copy of which is attached hereto as Exhibit "A" and incorporated herein for all purposes, is hereby authorized and approved. Section 2. The City Council finds and determines that the tax abatement agreement and the property subject to this agreement meet the requirements of Chapter 312 of the Tax Code, V.A.T.S. as amended, Ordinance No. 743, which reinvestment zone, and the Guidelines and Criteria for Governing Zones and Tax Abatement Agreements set forth in Resolu- The City Manager is hereby authorized to execute, and the City Secretary to attest, the said Tax Abatement Agreement and any counterparts thereof. RESOLUTION NO. R97-1 PASSED, APPROVED, AND ADOPTED this the/~:j~day of ~,.~,-. A.D., 1997. TOM REID MAYOR ATTEST: CITY SECRETARY APPR~)~/ED AS TO FORM: ~ / / ,, ~ ITY ~OTO~oRNEY 2 THE STATE OF TEXAS COUNTIES OF BRAZORIA AND HARRIS TAX ABATEMENT AGREEMENT This Tax Abatement Agreement ("Agreement") is entered into by and between the City of Pearland, Texas, a home rule city and Municipal Corporation of Brazoria and Harris Counties, Texas, duly acting by and through its City Manager ("City"), and Kemlon Products & Development Co., duly acting by and through its Vice President, Russell Ring, and WHK Family Interests Partnership Ltd., duly acting by and through its President, John Ring ("KernIon"). WITNESSETH' WHEREAS, on the 9th day of September, 1996, the City Council of the City of Pearland, Texas, passed Ordinance No. 743 establishing a Reinvestment Zone in the City of Pearland, Texas, for commercial/industrial tax abatement, as authorized by Chapter 312, Tax Code, V.A.T.S. as amended ("Code"); and WHEREAS, the City has adopted Resolution No. R96-12, which established appropriate guidelines and criteria for governing reinvestment zones and tax abatement agreements to be entered into by the City as contemplated by the Code; and WHEREAS, the City's objective is to maintain and/or enhance the commercial/industrial economic and employment base of the Pearland area for the long term interest and benefit of the City, in accordance with Resolution No. R96-12 and the Code; and WHEREAS, the contemplated use of the Premises, as hereinafter defined, the contemplated improvements to the Premises in the amount as set forth in this Agreement and the other terms hereof are consistent with encouraging development of said Reinvestment Zone in accordance with the purposes for its creation and are in compliance with Resolution No. R96-12 and the guidelines and criteria adopted by the City and all applicable law; and WHEREAS, the Improvements as defined below constitute a major investment within the Reinvestment Zone that will substantially increase the appraised value of property within the zone and will contribute to the retention or expansion of primary and secondary employment within the City; and WHEREAS, there will be no substantial adverse affect on the provision of city services or on its tax base and the planned use of the Premises will not constitute a hazard to public safety, health, or welfare; now, THEREFORE: For and in consideration of the mutual agreements and obligations set forth below, the sufficiency of which is hereby acknowledged by the parties hereto, Kemlon and City mutually agree as follows: 1. The property to be the subject of this Agreement shall be that property described by metes and bounds and map attached hereto as Exhibit "A" ("Premises"). 2. Construction of Kemlon's facility on the Premises, described in Exhibit "B" ("Improvements") will cost approximately Four Million Three Hundred Thousand Dollars ($4,300,000.00) and is to be substantially complete on or about December 1, 1997; provided, that Kemlon shall have such additional time to complete the Improvements as may be required in the event of "force majeure" if Kemlon is diligently and faithfully pursuing completion of the Improvements. For this purpose, "force majeure" shall mean any contingency or cause beyond the reasonable control of Kemlon including, without limitation, acts of God or the public enemy, war, riot, civil commotion, insurrection, governmental or de facto governmental action (unless caused by acts or omissions of Kemlon), fires, explosions or floods, and strikes. The date of completion of the Improvements shall be defined as the date a Certificate of Occupancy is issued by the City of Pearland. 3. Kemlon agrees and covenants that it will diligently and faithfully, in a good and workmanlike manner, pursue the completion of the Improvements as a good and valuable con- sideration of this Agreement. Kemlon further covenants and agrees that all construction of the Improvements will be in accordance with all applicable state and local laws and regulations or valid waiver thereof. In further consideration, Kemlon shall thereafter, from the date a Certificate of Occupancy is issued until the expiration of this Agreement, continuously operate and maintain the Premises as Kemlon, limiting the use of said Premises to that use which is consistent with the terms of this Agreement and the general purpose of encouraging development or redevelopment of the Reinvestment Zone during the period that the property tax exemptions evidenced herein are in effect. 4. Kemlon agrees and covenants that the Improvements shall provide approximately 150-160 jobs during the period of the abatement, beginning with 150 employees in 1998. Accordingly, KernIon shall provide to the City annual manpower reports (Exhibit "E") within sixty (60) days following the end of each calendar year. 5. Subject to the terms and conditions of this Agreement, and subject to the rights and holders of any outstanding bonds of the City, a portion of ad valorem property taxes assessed to the Property and otherwise owed to the City shall be abated. City hereby acknowledges that it is not aware of any terms or conditions of any outstanding bonds which would invalidate this Agreement. Said abatement shall be an amount equal to fifty percent (50%) of the taxes assessed upon the increased value of the Property and Improvements, annually for a period of seven (7) years beginning January 1, 1998, and ending December 31, 2004, in accordance with the terms of this Agreement and all applicable state and local 2 regulations. The taxable value shall be determined on a uniform and equal basis of assessment by the methods used by the Brazoria County Tax Appraisal District, which information necessary for abatement shall be provided by Kemlon to the chief appraiser of said district. Estimated values, estimated abated values, and estimated base year values for the Improvements are listed in Exhibit "C" ("Estimated Values"). 6. Kemlon further agrees that the City, its agents and employees shall have the right to enter upon the Premises at any reasonable time and to inspect the Improvements in order to determine whether the construction of the Improvements is in accordance with this Agreement and all applicable federal, state, and local laws, ordinances, and regulations or valid waiver thereof. After completion of the Improvements, the City shall have the continuing right to enter upon and inspect the Premises at any reasonable time, after 24 hours' notice has been given, to determine whether the Premises are thereafter maintained and operated in accordance with this Agreement and all applicable federal, state, and local law, ordinances, and regulations. In accordance with Resolution No. R96-12, the City will conduct at least one inspection annually to ensure compliance. Notwithstanding any other provision of this Agreement, if the City determines that a violation of a federal, state, or local law, ordinance or regulation exists on the Premises, the City may, in addition to any other authorized enforcement action, provide to Kemlon written notice of such violation. For the purposes of this Agreement, Kemlon shall have ten (10) days from the date of the notice to cure or remedy such violation. If Kemlon fails or refuses to cure or remedy the violation within the ten (10) day period, KernIon is subject to the forfeiture, at the discretion of the City, of any right to any tax abatement for a portion of the period or the entire period covered by this Agreement. 7. Kemlon agrees and covenants that the information provided in the attached Application for Tax Abatement (Exhibit "D") is true and correct and that any materially false or misleading information that is provided to the applicable taxing jurisdictions may be grounds for termination of the agreement with possible liability for recovery of abated taxes. 8. In the event that (1) the Improvements for which an abatement has been granted are not completed in accordance with this Agreement; or (2) Kemlon allows its ad valorem taxes owed to the applicable taxing jurisdictions to become delinquent and fails to timely and properly follow the legal procedures for protest and/or contest of any such ad valorem taxes; or (3) Kemlon breaches any of the terms or conditions of this Agreement, then this Agreement shall be in default. In the event that Kemlon defaults in its performance of (1), (2), or (3) above, then the City shall give Kemlon written notice of such default, which notice shall be delivered by personal delivery or certified mail to: Russell Ring, Vice President, P.O. Box 14666, Houston, Texas 77221. If Kemlon has not cured such default within sixty (60) days of said written notice, this Agreement may be modified or terminated by the City. Notwithstanding the provisions set forth herein, this Agreement may be terminated at any time after the execution hereof by agreement of both parties. 9. In the event that the facility is completed and begins producing product or service, but subsequently discontinues producing product or service for any reason except fire, explosion or other casualty or accident or natural disaster for a period of one year during the abatement period, then this Agreement shall be in default and shall terminate. The abatement of axes for the calendar year during which the facility no longer produces shall also terminate. 10. As liquidated damages in the event of default and in accordance with Section 312.205, Tax Code, V.A.T.S., as amended, all taxes which otherwise would have been paid to the City without the benefit of abatement (but without the addition of penalty; interest will be charged at the statutory rate for delinquent taxes as determined by Section 33.01 of the Tax Code) will become a debt to the City and shall be due, owing and paid to the City within sixty (60) days of the expiration of the cure period stated in paragraph 8 or the termination date stated in paragraph 9, whichever is applicable. The City shall have all remedies for the recapture and collection of the lost tax revenue as provided generally in the Tax Code for the collection of delinquent property axes and in accordance with Resolution No. R96-12. 11. The City represents and warrants that the Premises does not include any property that is owned by a member of its council or boards, agencies, commissions, or other governmental bodies approving, or having responsibility for the approval of, this Agreement. 12. The terms and conditions of this Agreement are binding upon the successors and assigns of all parties hereto. This Agreement may be transferred or assigned by Kemlon only upon written permission by the City in accordance with Resolution R96-12, which permission shall not be unreasonably withheld. No assignment shall be approved if the assignor or assignee are indebted to the City for ad valorem taxes or other obligations. 13. It is understood and agreed between the parties that Kemlon, in performing its obligations hereunder, is acting independently, and the City assumes no responsibilities or liabilities in connection therewith to third parties. 14. KEMLON RELEASES, ACQUITS, INDEMNIFIES, AND HOLDS HARMLESS THE CITY, ITS OFFICERS, AGENTS, EMPLOYEES, SUCCESSORS, AND ASSIGNS, FROM ANY AND ALL KINDS OF CLAIMS, DEMANDS, LOSSES, DAMAGES, INJURIES, RIGHTS, CAUSES OF ACTION, OR JUDGMENTS OF WHAT- SOEVER CHARACTER OR NATURE, INCLUDING ATTORNEYS' FEES, WHICH MAY ARISE AS A RESULT OF THIS AGREEMENT. THE PROVISIONS OF THIS SECTION REFLECT THE EXPRESSED INTENTIONS OF KEMLON AND THE CITY AND SHALL SURVIVE THE TERMINATION, EXPIRATION, OR CANCELLATION OF THIS AGREEMENT. 15. It is understood and agreed by the City and Kemlon that if the Premises has been designated and axed as agricultural land pursuant to Chapter 23, Subchapter C, Tax Code, V.A.T.S., that this Agreement shall not be effective and no abatement granted until Kemlon has removed the agricultural use designation and all taxes due pursuant to Section 23.55, Tax Code, V.A.T.S., as amended, (roll back taxes) have been paid. 16. This Agreement was authorized by Resolution of the City Council at its council meeting on the 13th day of January, 1997, authorizing the City Manager to execute the Agreement on behalf of the City. 17. This Agreement is entered into by Kemlon pursuant to authority granted by its Vice President on the go, day of ,qv-D~.5-~ , 19~qo, whereby the Vice President was authorized to execute this Agreement on b~half of Kemlon. 18. This shall constitute a valid and binding Agreement between the City and Kemlon when executed in accordance herewith. 19. This Agreement is performable in Brazoria County, Texas. 20. Kemlon agrees and covenants to certify annually to the City, while this Agreement is in effect, that Kemlon is in compliance with each applicable term of this Agreement. Witness our hands this ~'2o'ltk'day of ~'-d~rctx~,~,~ , 1997. CITY OF PEARLAND Paul Grohman City Manager ATTEST: By: .~We!dy S~ ~ ~~ O Interim CI~ Secretary APPROVED AS TO FORM: Amy/Motes McCullo'llgh City Attorney KEMLON PRODUCTS & DEVELOPMENT CO. ATTEST: 'By: Printed Name: Title: By: Russell Ring Vice President WHK FAMILY INTERESTS PARTNERSHIP LTD. ATTEST: By: J~n_.p~ging President Printed Name: Title: ~SqL-r ~q- 6 THE STATE OF TEXAS § COUNTIES OF HARRIS AND BRAZORIA § This instrument was acknowledged before me on '{:c~-l© ~ , 19 4-7 , by Russell Ring, Vice President of Kemlon Products & Development Co., a Texas corporation, on behalf of said corporation. MADISON K. OTTEN ~{~.~;i~. Notary Public. 8late of Texas My Commission Expires NOTARY PUBLIC STATE OF TEXAS THE STATE OF TEXAS § COUNTIES OF HARRIS AND BRAZORIA § This instrument was acknowledged before me on ~Cb ~5 , 19 ~'-/ , by John Ring, President of WHK Family Interests Partnership Ltd., a family limited partnership, on behalf of said partnership. ,6<~ MADI,q, ON IC OTTEN, ~~~Nota, P.bliO, State of T~as My Commission Expires APRIL 24. NOTARY PUBLIC STATE OF TEXAS THE STATE OF TEXAS § COUNTIES OF HARRIS AND BRAZORIA § This instrument was acknowledged before me on ~J--c~ ~cce~ r-~ ~'~ , 19 q 7, by Paul Grohman, City Manager of the City of Pearland, Texas, a Texas home rule municipal corporation, on behalf of said corporation. STATE OF TEXAS 7 97.KEMLON.AGR ~xhtbtc "A" corner o~ ~h~ d~m, }5 min. Hottheft corner of ~4 ~ de~rl~ tract ~ the ~t right o~ ~y lint of of 599.12 tecc to ~ ~ ~ I~IK an4 c~t~at ~,~ acres land. EXHIBIT "B" IMPROVEMENTS The project will be the construction of a new manufacturing facility that will also include our sales and engineering staff. We expect to have approximately 150-160 employees on site. · We expect the project will require the construction of a building of approximately 70,000 square feet at a cost of $2.6-2.8 million. It is anticipated that fixed manufacturing equipment of approximately $1.5 million will be included in the project. Tax abatement will be sought on all items allowed by law. 97.KEMLON.AGR EXHIBIT "C" ESTIMATED VALUES Estimated value of site as of January 1 immediately preceding abatement agreement Current estimated value Estimated value of ineligible property Estimated value of eligible improvements Estimated value of abated properties after abatement expires Value upon completion of project personal property and project improve- ments not subject to abatement PERSONAL PROPERTY $0.00 $o.oo N/A $1.5 rail $1.5 mil $150,000 1MPRO VEMENTS $0.00 $o.oo N/A $2.8mil $2.8 mil $0.00 $320,000 $320,000 $320,000 N/A N/A $320,000 9 7. KEMLON. AGR Exhibit "D" ~ APPLICATIO]. :OR TAX ABATEMENT IN THE L, I'Y OF PEARLAND This application should be filed at least 90 days prior to the beginning of construction of the installation of equipment. The filing of this document acknowledges familiarity and contbrmance with Guidelines and Criteria for Granting Tax Abatement in a Reinvestment Zone Created in the City of Pearland (attached). Please review Instructions attached before executing this application. This application will become part of the agreement and any knowingly false representations will be grounds for the City to void the agreement. Original copy of this request should be submitted to the City Manager, City of Pearland, 3519 Liberty Drive, Pearland, Texas 77581. Please attach exhibits if additional space is needed. APPLICANT INFORMATION Date January 9, 1997 Company Name Kemlon Products & Development Number of Employees 150 est.__ Co. & WHK Family Interests Ltd. Address 6310 Sidney St. PO Box 14666 Houston, TX 772221 Annual Sales $10,000,000 Corporation ( ) Partnership (X) Proprietorship ( ) PROJECT INFORMATION Type of facility: Manufacturing (X) Reg. Distribution Center( ) (See Instructions)Regional Service ( ) Reg. Entertainment Center( ) Other Basic Industry ( ) Location address and description of area to be designated as reinvestment zone SEE ATTACHED LEGAL (attach map showing site and legal description): DESCRIPTION Description of eligible improvements (real property) to be constructed: Manufacturing facility with manufacturing equipment. Description of ineligible (taxable) property to be included in project: Inventory, Land The proposed reinvestment zone is located in: City County School District Other Taxing Jurisdictions Pearland Brazoria Pearland I.S.D. __Brazoria CO. Drainage District//4 Description of product or service to be provided (proposed use): Hostile environment electrical connectors Project Description: Attach statement explaining the general nature and extent of the project, describing existing site and improvements; describe all proposed improvements and provide list of improvements and equipment for which abatement is requested. NEW PLANT (X) EXPANSION ( ) MODERNIZATION ( ) Attach a proposed time schedule for undertaking and completing the planned improvements. ECONOMIC INFORMATION A. Construction Estimates Commencement Date: Construction Man Years: Completion Date: Peak Construction Jobs IF MODERNIZATION: March 1. 1997 Estimated Economic Life of Existing Plant: December 30. 1997 Added Economic Life from Modernization: Years Years B. Permanent Employment Estimates (FTE's) Current Employment 150 Number of jobs retained ( ) created (150) at start/opening ~150 5 years into operation in year in year 1998 ,19 , 19 , 19 Local Transfer Total Est. Salaries Go Other Estimated Taxes Generated by Project (1) Sales Taxes: 19_9_' $ 1997_- $_7000.00 1998 · $ 7800.00 1999 · $ 8800.00 19 · $ (2) Other (Identify): Do Estimated Appraised Value on Site Personal Improve- Land immcd]a~ely preccdlr~ E~tima(ed value of ~n~i~g{~l~ Ew~hna(~ valu~ ~ el~gibk {mprovement~ Us(ima(~ value of a~t~ pratlies after aba(emen~ oxpiro~ V~lue u~ compleUon o~ ~r~nal pro~rty and ~mprovemenfs ~t subJe~ 0 U $1.5 nail $2.8 l~ll O'ixcd l~qulpm0n0 ~ $2.8 roll TAX ~BATEMENT REQUESTED J~O___% of ellgible property for year 1 through yea~ 7. ¥ARIANCE the applicant seekin8 a vatlarge undec ~¢tion 3(0 uf the Oui~linm? YES ( ) NO (X) "YP.q" ai~eh requ{~d supp{emen~ry O'rlti~U AIIA'I'EMEMT~: Ilu ~mpnny ~e appl~s~on j~ri~iion or nearby c~nl~s? 'Y~' provide dates of applkation, hemti~ dat., if held or ~hedul~, ~me of jurkdietion~ co.~cts. and lel~n ~ in~nt. COMP~ ~ R~E~TA~ TO ~ CONTieD INSTRUCTIONS Applicants and projects must meet the requirements established by the City of Pearland Guidelines and Criteria for Granting Tax Abatement in a Reinvestment gone found in Resolution No. R96-12 (attached) in order to receive positive consideration. Section 2 of the Guidelines, for example, sets out regulations governing eligible facilities, eligible and ineligible improvements, terms and economic qualifications. Conformance with all sections, however, is required for eligibility. APPLICANT INFORMATION The taxing unit may consider applicant financial capacity in determining whether to enter into an abatement agreement. Established companies for which public information is available, or the wholly owned businesses of such companies, should include with the application a copy of their latest annual report to stockholders. Other applicants and new companies should attach a statement showing when the company was established, business references (name, contact and telephone number of principal bank, accountant and attorney) and may be required to submit an audited financial statement and business plan. PROJECT INFORMATION Only facilities listed in Section 2(a) of the Guidelines may receive abatement without applying for a variance. Check guideline definitions in Section 1 to see if project qualifies. If project is a Regional Entertainment Facility, Regional Service Facility, Regional Distribution Center Facility or Other Basic Industry, the application should include market studies, business plans, agreements or other materials demonstrating that the facility is intended to serve a market the majority of which is outside of the City of Pearland region. ECONOMIC INFORMATION Permanent Employment Estimates - In estimating the permanent employment, include the total number of jobs retained or created at this site by your firm as well as known permanent jobs of service contractors required for operation. Estimated Appraised Value on Site - The value as of January 1 immediately preceding abatement should be the value established by the Brazoria County Appraisal District. If the applicant must estimate value because the taxable value is not known or is combined with other properties under a single tax account, please so state. To qualify, the abated properties must be expected to result in an addition to the tax base of at least two million dollars after the period of abatement expires. Projections of value should be a "best estimate" based on taxability in Texas. The projection of project values not abated should include personal property and ineligible project-related improvements such as office space in excess of that used for plant administration, housing, etc. DO NOT WRITE IN THIS AREA -- FOR PROCESSING PURPOSES ONLY 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. EDC contact Precinct Jurisdictions notified Initial review completed Review circulated ISD concurrence? College concurrence? City concurrence? Letter of Intent Hearing noticed on agenda Public hearing ISD action College action City action Agreement signed / / / / / / / / / / / / / / / / / PROJECT DESCRIP'I,oN The project will be the construction of a new manufacturing facility that will also include our sales and engineering staff. We expect to have approximately 150-160 employees on site. We expect the project will require the construction of a building of approximately 70,000 square feet at a cost of approximately $2.6-$2.8 million. It is anticipated that fixed manufacturing equipment of approximately $1,500,000 will be included in the project. Tax abatement will be sought on all items allowed by law. TIME SCHEDULE September - Dec 31, 1996 January 1 - Jan 30, 1997 February 1-February 28, 1997 March 1 - March 30, 1997 April 1-November 15, 1997 Legal work, conceptual phase, contractor selection Wetlands study, 1s~ phase architecture, soils engineering, topographical mapping, detention pond engineering Architectural drawings, final engineering, permits and applications Bids and initial site work Construction November 16 - December 25, 1997 Move-in, start up December 30, 1997 Completion ~2, I~ Oho I~ ~. Co. S~rv~7 ~o, 3, Absttt~t ~33, and b~tn; a ~rcXon of ~ ~uch 89 del. 59 ~n. V~C E dLatanc4 o{ ~.?~ {~ ~o I ~CCQCQ ~n~nc sec {or ch4 SQq~ve~C cornc~ Of ~e ht~ d~Qd ~c~c~ o~ ~ Worhcvuc corner o~ a ~.123 ~e ~c ~~ ~ %~cr~nc recorded in Vo~ 4~, ~mse ~, ~4~4 R~ o{ B~a ~c~, T~xu, ~ars Xor~ 13 EXHIBIT "E" MANPOWER REPORT & Development Co. CKemlon"), do certify that on __ individuals employed full time at KernIon. of KernIon Products ,19 there were Printed Name: Title: Date: THE STATE OF TEXAS COUNTY OF BEFORE ME, the undersigned Notary Public, on this day personally appeared of KernIon Products & Development Co., being by me duly sworn on his/her oath deposed and said that he/she is duly qualified and authorized in all respects to make this affidavit; and that every statement contained in the Manpower Report is within his/her knowledge and true and correct. 19 SUBSCRIBED AND SWORN TO BEFORE ME on the , to certify which witness my hand and official seal. ~day of NOTARY PUBLIC, STATE OF TEXAS Printed Name: My Commission Expires: 9 7 . KEMLON. AGR r AFFIDAVIT OF PUBLICATION The Pearland Reporter News 2404 South Park Pearland, Texas 77581 State of Texas Brazoria and Harris Counties I'; Joan Cummings, hereby certify that the notice hereby appended was published in Brazoria and Harris Counties in the REPORTER NEWS, a newspaper of general circulation in Brazoria and Harris Counties, for // issues, as follows: No. Date 19 No. Date 19 No. Date 19 No. Date 19 Subscribe and worn to before me this ~ Edito~ day o~'~ ~*'~'"'~¢~ ~-'~ 09109198 Notary Public, State of Texas Laura Ann Emmons, Publisher ?NOTICE OF PUBUC HEAR- NOTIDETO BIDDERS !NG ON REINVESTMENT CITY OF FRIENDSWOOD, '~ONE AND TAX ABATE- TEXAS ,' MENT ' BID NO. 96-17 Notice is hereby given that a: SEALED BIDS, IN DU~!, public hearing will be held by CATE ON BID FORMS PRO.. the City Council of the City of ~/IDED, ADDRESSED TO Pearland,.:Texas, in the' THE CITY OF Council Chambers, City Hall, FRIENDSWOOD, ATTN: 3519 Liberty Drive, Pearland,DELORIS MCKENZlE,'CITY Texas, at 7:00 p.m. on ^ugustSECRETARY, WILL BE 26. 1996 for the purpOse of RECEIVED AT :Considering the creation of a. FRIENDSWOOD CITY HALL, reinvestment zone and tax 910 S. FRIENDSWOOD abatement for KernIon DRIVE, FRIENDSWOOD, Products & Development TEXAS 77546. UNTIL 2:00 . Co.tWHK Family Interests p.M;~: TUESDAY, AUGUST Partnership Ltd. located on 20, '1996, AND AT THAT ::!~State;Highway 35 in Peariand:~TIME,:PUBLICLY'OPENED ,in accprdance wJth,§312.201:_:i ::AND READ FOR THE FOL- '0f:tiie Tax:Code and City of'ii,EO~NG:.~: . 112:!: ;' : . : ?!i~ENOVAT!ON:? : ~'At iaid hearing, :alJ interested ?~RIEdDSW~OD: PUBLIC p~arties shall have the right LIBRARY, PROJECT NO. and opportunity to appear and .:' ~ehea~l.onthe. subjact. :¢, ..,, :,,~ ...~.~ ........... .... ' ' '~ BID 8HALL BE:SUBMI'rI~D YolandaC. Benitez. IN SEALED ENVELOPES , :C~y 8wet~ : .'::: CLEARLY MARKED WITH":