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R96-46 09-09-96RESOLUTION NO. R96-46 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PEARLAND, TEXAS, AUTHORIZING THE CITY MANAGER TO ENTER INTO A TAX ABATEMENT AGREEMENT WITH KEMLON PRODUCTS & DEVELOPMENT CO./WHK FAMILY INTERESTS PARTNERSHIP LTD. ("KEMLON") FOR PURPOSES OF ABATING THE INCREASED VALUE OF THE PROPERTY OWNED BY KEMLON ON STATE HIGHWAY 35 WITHIN THE CITY LIMITS OF PEARLAND AT A RATE OF ONE HUNDRED PERCENT (100%) FOR A CONSTRUCTION PERIOD OF ONE YEAR TO BEGIN JANUARY 1, 1997, AND ENDING DECEMBER 31, 1997, ANDAT 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 AGREEMENTS SET FORTH IN RESOLUTION NO. R96-12. 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 Kemlon, 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 established a reinvestment zone, and the Guidelines and Criteria for Governing Reinvestment Zones and Tax Abatement Agreements set forth in Resolution No. R96-12. RESOLUTION NO. R96-46 Section 3. The City Manager is hereby authorized to execute, and the City Secretary to attest, the said Tax Abatement Agreement and any counterparts thereof. PASSED, APPROVED, AND ADOPTED this the ~ dayof ~ A.D., 1996. TOM REID MAYOR ATTEST: CITY SECRETARY APPROVED AS TO FORM: ~MY MATES McCULLOUGH ~"~ CITY ATTORNEY 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 ~P~ent, 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 Two Million Dollars ($2,000,000.00) 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 KernIon 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 KernIon 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 KernIon), 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 KernIon, 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, Kemlon 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 2 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 one hundred percent (100%) of the taxes assessed upon the increased value of the Property and Improvements, in accordance with the terms of this Agreement and all applicable state and local regulations for a construction period of one year to begin January 1, 1997, and ending December 31, 1997, and at a rate of fifty percent (50%) annually for a period of seven (7) years beginning January 1, 1998, and ending December 31, 2004. 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, Kemlon 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. 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 taxes 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 taxes 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, INJURIF~S, 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. 4 15. It is understood and agreed by the City and Kemlon that if the Premises has been designated and taxed 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. co~d ' 16. This Agreement was authorized by Resolution of the City Council at its meeting on the 9th day of September, 1996, authorizing the ~ to execute 't~~rement on behalf of the City. C i-I,.5 ~a,,-ac3 a r 17. This Agreement is entered into by KernIon pursuant to authority granted by its Vice President on the ~13*~day of ~_s f , 19 9/_,,, whereby the Vice President was authorized to execute th-~ss Xgreement on §ehalf of KernIon. 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 }~)oA_ day of ~¢(~b}~o~f , 19 6]~, . CITY OF PEARLAND By: ~ ....... Paul Grohman City Manager ATTEST: . //YoJanda C. Benitez Ci%y Secretary APPROVED//~ TO FORM: ./Amy lVl/OtCity Atttore2eyl~lcCullought 5 KEMLON PRODUCTS & DEVELOPMENT CO. By: ATTEST: By: Printe~.bL~.: Title: Russell Ring Vice President ATTEST: BY:Printed Na /~ ~ ~ Title: ~>R L:% t I> ~ro'~- WHK FAMILY INTERESTS PARTNERSHIP LTD. ~'~..resident 6 THE STATE OF TEXAS § COUNTIES OF HARRIS AND BRAZORIA § This instrument was acknowledged before me on August 30, 1996, by Russell Ring, Vice President of Kemlon Products & Development Co., a Texas corporation, on behalf of said corporation. STATE OF TEXAS THE STATE OF TEXAS § COUNTIES OF HARRIS AND BRAZORIA § This instrument was acknowledged before me on August 30, 1996, by John Ring, President of WHK Family Interests Partnership Ltd., a family limited partnership, on behalf of said partnership. STATE OF TEXAS THE STATE OF TEXAS § COUNTIES OF HARRIS AND BRAZORIA § This instrument was acknowledged before me on O-~)~c~004/ l~), 1996, by Paul Grohman, City Manager of the City of Pearland, Texas, fiTexas home rule municipal corporation, on behalf of said corporation. STATE OF TEXAS KEMLON.AGR ExhtbXt l~cla]. l)e-<crt priori described as 2.9.90 acres of land ~2, and ~he }tT&B Lees ~-A and 65 o~ the Zychl~.~k~ ~ubdivi~to~, and beins morc par~iculnr7 de~cribe<l as BF~I~ING a~ a coac~e monument $e~ a~ the tntersec~ion o~ ~he South line of l~c ~ of the T~ENCE South ~9 d~, 59 ~Ln, ~ea~ a distance of 2098.73 ~eet to a concroco Easterly ri. th~ o~ we? line of ~he ~.C.& $.F. Rail~o~dl corner o! ~he herein desrtbed ~rac~ i~-~ ~htch ano~hcr iron red se~ a~ the ~orh~v~s~ corner No~cheaa= corner EXHIBIT "B" IMPROVEMENTS The proposed facility will probably consist of two primary structures, Building A and Building B. The purpose of the facility is to manufacture hostile environment electrical connectors. Building A will probably contain approximately 10,000 square feet and is expected to be a two story brick office building. Building B will probably be a metallic building containing approximately 35,000 square feet and be used for manufacturing. The facility will include parking spaces to accommodate approximately 150-160 employees. KEMLON.AGR 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 abatemere expires Value upon completion of project personal property and project improve- ments not subject to abatemere EXHIBIT "C" ESTIMATED VALUES PERSONAL PROPERTY 1MPRO VEMENTS $0.00 $o.oo N/A $1.5 mil $0.00 $o.oo N/A $2.0 nail $2.0 rail $150,000 $0.00 $320,000 $320,000 $320,000 N/A N/A $320,000 K~MLON. AGR Exhibit "D" APPLICATION FOR TAX ABATEMENT IN THE CITY 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 conformance 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 ~August t, 1996 Number of Employees _150 est.~ Annual Sales $10.000,000 Company Name KernIon Products & Development Co. & WHK Family Interests I,td. Address 6310 Sidney St. PO Box 14666 Houston, TX 772221 Corporation ( ) Partnership (X) Proprietorship ( ) PROJECT INFORMATION Type of facility: (See Instructions) Manufacturing (X) Regional Service ( ) Location address and description of area to be designated as reinvestment zone (attach map showing site and legal description): Reg. Distribution Center ( ) Reg. Entertainment Center ( ) Other Basic Industry ( ) SEE ATTACHED LEGAL 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 Pearland County l~razoria School District Pearland I.S.D. Other Taxing Jurisdictions 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 March 1. 1997 November 30, 1997 IF MODERNIZATION: Estimated Economic Life of Existing Plant: ~ Years Added Economic Life from Modernization: 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 1998~ in year Co ,19 ,19 , 19 Local Transfer Other Estimated Taxes Generated by Project (1) Sales Taxes: 199_fi_: $__6381.26 1922_: $__7000.t90 199_8_: $__7800.00 1999 · $ 8800.00 19 -$ Total Est. Salaries (2) Other (Identify): D. Estimated Aopraised Value on Site 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 improvements not subject to abatement Personal Improve- Land Property ments 0 __0__ $320,000 0 0 $320,000 N/A N/A $320,000 $1.5 mil $2.0 mil N/A $1.5 mil $2.0 mil N/A $150,000 0 $320,000 TAX ABATEMENT REQUESTED _100__% of eligible property for year 1. 50__ % of eligible property for year 2 through year 8. VARIANCE Is the applicant seeking a variance under Section 3(0 of the Guidelines? If "YES" attach required supplementary information. OTHER ABATEMENTS: Has company made application for abatement of this project by another taxing jurisdiction or nearby counties? If MYES" provide dates of application, hearing dates, - .. if held or scheduled, name of jurisdictions and " contacts, and letters of intent. YES ( ) NO (X) YES ( ) (X) COMPANY REPRESENTATIVE TO BE CONTACTED Name: Title: Address: Telephone: Russell Ring Vice President PO Box 14666 Houston, Texas 77221 713-747-5020 Authorized Company Official: Printed Name: Russell Ring Title: Vice President PROJECT DESCRIPTION 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 60,000 square feet at a cost of approximately $2,000,000. It is anticipated that manufacturing equipment of approximately $1,500,000 will be included in the project. Abatement will be sought on all items allowed by law. T1M'E SCHEDULE September - Dec 31, 1996 January 1 - Jan 30, 1997 February 1-February 28, 1997 March 1-October 30, 1997 November 1-November 30, 1997 December 1, 1997 Arch., dwg Permits/Applications Bid phase Construction Move-in, start up Completion EXHIBIT "E" MANPOWER REPORT & Development Co. ("Kemlon"), do certify that on ~ individuals employed full time at Kemlon. of Kemlon Products ,19 there were PrintedName: Title: Date: THE STATE OF TEXAS COUNTY OF BEFORE ME, the undersigned Notary Public, on this day personally appeared , of Kemlon 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. SUBSCRIBED AND SWORN TO BEFORE ME on the 1996, to certify which witness my hand and official seal. ~day of NOTARY PUBLIC, STATE OF TEXAS Printed Name: My Commission Expires: KEMLON. AGR