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R-2012-074-2012-05-21RESOLUTION NO. R2012-74 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PEARLAND, TEXAS, AUTHORIZING THE CITY MANAGER OR HIS DESIGNEE TO ENTER INTO A TAX ABATEMENT AGREEMENT WITH REF -CHEM, L. P. 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 Ref -Chem, L. P., a copy of which is attached hereto as Exhibit "A" and made a part hereof for all purposes, is hereby authorized and approved. Section 2. That the City Manager or his designee is hereby authorized to execute and the City Secretary to attest a Tax Abatement Agreement with Ref -Chem, L. P. PASSED, APPROVED and ADOPTED this the 21st day of May, A.D., 2012. ATTEST: NG IA G. Y CRETARY APPROVED AS TO FORM: DARRIN M. COKER CITY ATTORNEY Jo�cJ TOM REID MAYOR THE STATE OF TEXAS Exhibit "A" Resolution No. R2012-74 COUNTIES OF BRAZORIA, FORT BEND, 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 M unicipal Corporation of Brazoria, Fort Bend, and Harris Counties, Texas, duly acting by and through its City Manager ("the City"), and Ref -Chem, L.P., a Texas corporation ("the Company"), duly acting by and through Harvey J. Page its Chairman of the Board. WITNESSETH: WHEREAS, on the 26th day of March, 2012 the City Council of the City passed Ordinance No. 1461 establishing Reinvestment Zone #22 in the City for general business tax abatement, as authorized by Chapter 312, Tax Code, V.A.T.S. as amended ("Code"); and WHEREAS, the City previously adopted Resolution No. R2011-12, establishing 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 general business economic and employment base of the Pearland area for the long term interest and benefit of the City, in accordance with Resolution No. R2011-12 and the Code; and WHEREAS, the contemplated use of the Premises, as hereinafter defined, and 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 R2011-12 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 1 WHEREAS, there will be no s ubstantial 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; and, WHEREAS, but for the benefits provided through this Tax Abatement Agreement the Improvements as defined below would not be made in the City; and WHEREAS, the Company has declared that it will be the sole beneficiary of the benefits provided through this Tax Abatement Agreement and that the Company will not share any portion of the proceeds of the benefits received through this Tax Abatement Agreement with any other party as compensation or award for consulting or other services received by the Company contingent upon the successful execution of this agreement; 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, the Company and City mutually agree as follows: 1. PREMISES: The property subject to this Agreement shall be only that property described by metes and bounds and map attached hereto as Exhibit "A" (the "Premises"). 2. CONFLICT OF INTEREST: The City represents and warrants that the Premises does not include any property that is owned by a m ember of its council or boards, agencies, commissions, other governmental bodies or employees approving, or having responsibility for the approval of, this Agreement. 3. ABATEMENT: 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 Premises and Improvements only as defined herein and otherwise owed to the City shall be abated. The City hereby acknowledges that it is not aware of any terms or conditions of any outstanding bonds which would invalidate this Agreement or would conflict with the provisions of this Agreement. This Agreement shall be effective with the January 1st valuation date immediately following the date of execution of this Agreement (the "Effective Date"). I n each year that this Agreement is in effect, the amount of abatement shall be a n amount equal to the percentage indicated below of the taxes assessed upon the increased value of the Premises due to the Improvements defined herein, exclusive of future or other capital investment made at the Premises not contemplated herein, over the market value as of January 1st in the year in which this Agreement is executed. The abatement as herein provided shall be twenty-five percent (25%) of the taxes assessed upon the increased value of the Fixed Machinery and Equipment and Fixed Improvements set forth below 2 exclusive of future or other capital investment made at the premises, annually for a period of seven (7) years beginning January 1, 2014 and ending December 31, 2021. 4. FUNDING CONDITIONS: The Company must meet all of the following abatement Capital Improvement and Job Creation conditions ("Funding Conditions"), or Company shall be subject to liquidated damages and/or repayment of abated taxes in accordance with this Agreement: a. Capital Improvements: The Company shall construct various improvements on the Premises, w hich when complete shall have a minimum investment value of four million five hundred thousand ($4,500,000) for the real property and/or improvements ("Fixed Improvements") and one million five hundred thousand ($1,500,000) in other "Ineligible Property" which shall be s ubstantially complete on or before April 1, 2013 (the "Improvement Completion Date"); provided, that the Company shall have such additional time to complete the Improvements as may be required in the event of "force majeure" (as set forth herein) if the Company is diligently and faithfully pursuing completion of the Improvements. The date of completion of the Improvements shall be defined as the date a Final Certificate of Occupancy is issued by the City. b. Job Creation: The Company shall create a total of 851-8A "Employment Positions" by April 1, 2013 Company shall demonstrate compliance with this Section by maintaining a minimum of ninety percent (90%) or more of the required Employment Positions at the Premises for the entire duration of this Agreement. Employment Positions, for purposes of this Agreement, shall only be counted if the number of Employment Positions is greater than the total number of Employment Positions located at the Company's operations in the City at the time this Agreement is executed (the "Threshold"). The parties agree that for purposes of this Agreement, the Threshold shall be zero because no Employment Positions existed in the City prior to execution of this Agreement. c. Employment Positions. For the purposes of this Agreement, "Employment Positions" shall be defined as the Company's jobs meeting all of the following criteria: 1) New full-time employment positions (at least 2000 hours annually) in the City that are located at the Premises' ; and 3 2) The Employment Positions must have an average annual gross compensation of at least $90,000.00 per year (excluding benefits); and 3) Medical benefits must be made available for each Employment Position. 5. APPLICATION FOR TAX ABATMENT: The Company agrees and covenants that the information provided in the Application for Tax Abatement attached hereto as Exhibit "B" is true and correct and that any materially false or misleading information provided to applicable taxing jurisdictions shall be an event of default and grounds for termination of this Agreement. 6. GOOD FAITH, COMPLIANCE AND CONSIDERATION: The Company agrees and covenants that it will diligently and faithfully, in a good and workmanlike manner, pursue completion of the Improvements as a good and valuable consideration of this Agreement. The Company further covenants and agrees that all construction of the Improvements will be in accordance with all applicable federal, state and local laws and regulations or valid waiver thereof. I n further consideration, the Company shall thereafter, from the date a Final Certificate of Occupancy is issued until the expiration of this Agreement, continuously operate and maintain the Premises and limit 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 this Agreement is in effect. 7. ANNUAL COMPLIANCE VERIFICATIONS: No later than 60 days after December 31, 2014, and continuing every year thereafter through 2021, the Company shall deliver to the City an Annual Compliance Verification, in the form of Exhibit "C" attached hereto, signed by a duly authorized representative of the Company certifying the following information: a. the number Employment Positions created and maintained by the Company on t he Premises, the general description the Employment Positions existing as of December 31st of the preceding year and the wage information for all Employment Positions; and b. the appraised value, as determined by the Central Appraisal District, of the Improvements as defined herein, supporting evidence that the Improvements were constructed or installed on or before the Improvements Completion Date and a general description of the Improvements existing as of December 31st of the preceding year 4 There shall be a total of seven (7) Annual Compliance Verifications submitted to the City in years 2014 through 2021. Each Annual Compliance Verification shall include specific back-up information supporting the Employment Position data. This will include the Annual Employment Compliance Verification Detail and also include quarterly IRS 941 returns, or Texas Workforce Commission Employer Quarterly Reports. This data will only be permitted to be reviewed by City at the Company's offices and City shall not retain a c opy of any specific wage or social security information. Furthermore, all Annual Improvement Compliance Verifications shall consist of a certified copy of the appraised value of the Improvements as shown by the Central Appraisal District supported by all correspondence, renditions, appeals or contests and s ettlement of appraised value and shall provide appropriate back-up data for the Improvements exclusive of other investments made at the Premises. 8. CERTIFICATION OF GOOD STANDING/DELINQUENT TAXES: By execution of this Agreement, the Company certifies that the company is in good standing under the laws of the State in which it was formed or organized, and has provided the City evidence of such. In addition, the Company certifies that the company owes no delinquent taxes to any taxing unit of the State of Texas, the City or any other local tax levying political subdivision with jurisdiction to levy taxes in or on the operations and property of the Company at the Premises. 9. CERTIFICATION RELATING TO UNDOCUMENTED WORKERS: By execution of this Agreement, the Company, including any business, branch, division, and department of the Company, certifies that it does not and will not knowingly employ an undocumented worker (as defined by Texas Government Code Section 2264.001(4)). If after any abatement of taxes under the Agreement, the Company, or a business, branch, division, or department of the Company, is convicted of a violation under 8 U .S.C. Section 1324a(f), the Company shall repay the amount of any funds disbursed plus interest at the rate of 8% per year. The repayment shall be due and owing not later than the 120th day after the date of the conviction without the requirement of notice from the City. 10. ACCESS TO PREMISES: The Company further agrees that the City, its agents and employees shall have the right to enter upon the Premises at any reasonable time with 24 hour advance notice 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. The City may conduct at least one inspection annually to ensure compliance with the guidelines contained in Resolution 5 No. R2011-12. 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 the Company written notice of such violation. F or the purposes of this Agreement, the Company shall have ten (10) days from the date of the notice to cure or remedy such violation. I f the Company refuses to cure or remedy the violation within the ten (10) day period, the Company 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. 11. LIQUIDATED DAMAGES: a. Funding Condition Targets. As set forth above, during the term of this Agreement through 2021, the Company shall deliver to the City an Annual Compliance Verification demonstrating compliance with the Funding Conditions of this Agreement for the preceding year. If the Company fails to timely provide an A nnual Compliance Verification or provides an Annual Compliance Verification that demonstrates Company failed to meet a Funding Condition target(s) for that year, then the City may, at its sole discretion and in addition to all other remedies for the recapture of lost tax revenue provided herein, require the Company to pay liquidated damages up to the amount of the abatement received for the year in which the Company did not meet the Funding Conditions. b. General Provisions Related to Liquidated Damages: Liquidated damages provided for herein shall be construed in accordance with Section 312.205, Tax Code, V.A.T.S., as amended, and shall include 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) and shall become a debt to the City and s hall be due , owing and paid to the City as liquidated damages subject to the expiration of any cure period or the termination date, whichever is applicable. The City shall retain 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. R2011- 12. 12. DEFAULTS AND REMEDIES: a. Each of the following acts or omissions of the Company or occurrences shall constitute an act of default under this agreement: 6 1) The Company fails to meet the Capital Improvements Funding Conditions by the Improvement Completion Date. 2) The Company fails to provide or submit Annual Compliance Verification Report(s) as required by this Agreement. 3) The Company fails to meet any Capital Improvement or Job Creation Funding Conditions of this Agreement. 4) The Company allows its ad v alorem taxes owed to any taxing jurisdiction to become delinquent, and fails to timely and properly follow the legal procedures for protest and/or contest of any such ad valorem taxes. b. In the event of a default of the terms of this Agreement, the City shall provide the Company written notice of such default, which notice shall be delivered by personal delivery or certified mail to: Harvey J. Page Ref -Chem, L.P. 1128 S. Grandview Odessa, Texas 79761 c. If Company fails to satisfactorily cure a default under this Agreement within thirty (30) days of the date of receiving written notice, this Agreement may be terminated by the City at its discretion without further notice or liability to Company. In the event Company fails to cure a default within thirty (30) days of receiving notice, the Company shall immediately refund to the City any amounts abated under this Agreement plus interest at the rate of 8% per year, compounded annually from January 1 of the year prior to the Default Year to the date of payment of the refunded taxes. d. The Company shall provide the City a written notice a minimum of thirty (30) days before any of the required Employment Positions or Improvements are moved from the Premises as described in section 4. In the event the Company shall move any of the required Employment Positions or Improvements required by this Agreement from the Premises during the term of the Agreement, the City in its sole discretion, may, terminate this Agreement and require the Company to immediately refund, to the City, all or a portion of the taxes previously abated under this Agreement, plus interest at the rate of 8% per year, compounded annually from January 1 of the year following the execution of this Agreement to the date of repayment. e. All taxes abated herein shall be deemed due and owing to the City at any point that the Company cannot pay its bills as they come due. If after the Company is no Ionger able to pay its bills as they come due, it files for protection from its creditors by any chapter of the bankruptcy code the City may, at its discretion, pursue the abated taxes as a creditor in the bankruptcy for unpaid property taxes subject to any and al I tax liens applicable thereto. 13. CITY AUDIT RIGHTS: a. Duty to Maintain Records. The Company shall maintain adequate records to support its compliance with the terms of this Agreement. T he Company shall also maintain such records as are deemed necessary by the City and auditors of City, or such other persons or entities designated by City, to ensure proper accounting for all costs and performances related to this Agreement. b. Records Retention. The Company shall maintain and retain for a period of four (4) years after the submission of the final Annual Compliance Verification report, or until full and final resolution of all audit or litigation matters which arise after the expiration of the four (4) year period after the submission of the final Annual Compliance Verification report, whichever time period is longer, such records as are necessary to fully disclose the extent of services provided under this Agreement, including but not limited to any daily activity reports and time distribution and attendance records, and other records which may show the basis for the calculation of full time positions. c. Audit Trails. Appropriate audit trails shall be m aintained by the Company to provide accountability for the requirements contained herein. The Company's automated systems provide the means whereby 8 authorized personnel have the ability to audit and establish accountability for any action that can potentially cause access to, generation of, or modification of information related to the performances of this Agreement. The Company agrees that its failure to maintain adequate audit trails and corresponding documentation shall create a pr esumption that the performances were not performed. d. Access. The Company shall grant the City, or such other persons or entities designated by City for the purposes of inspecting, auditing, or copying such books and r ecords, access to all paper and electronic records, books, documents, accounting procedures, practices or any other items relevant to the performance of this Agreement. All records, books, documents, accounting procedures, practices or any other items relevant to the performance of this Agreement shall be subject to examination or audit by City, or such other persons or entities designated by City in accordance with all applicable state and federal laws, regulations or directives. The Company will direct any subcontractor with whom it has established a c ontractual relationship to discharge the Company's obligations to likewise permit access to, inspection of, and reproduction of all books and records of the Company's subcontractor(s) which pertain to this Agreement e. Location and Reimbursement. Any audit authorized herein shall be conducted at the Company's Premises in the City during normal business hours and at City's expense, provided all costs incurred by City in conducting any such audit shall be reimbursed by the Company in the event such audit reveals an aggregate discrepancy in any of the Company's reporting of compliance as required by this Agreement. If any audit or examination reveals that the Company's reports for the audited period are not accurate for such period, the Company shall reimburse the City in accordance with Section 11 of this Agreement. f. Corrective Action Plan. If an audit reveals any discrepancies or inadequacies which must be remedied in order to maintain compliance with this Agreement, applicable laws, regulations, the Company's responsibilities or performance standards, the Company agrees that within thirty (30) calendar days after the Company's receipt of the audit findings, to propose and submit to the City a corrective action plan to correct such discrepancies or inadequacies subject to the approval of the City. T he Company further agrees, at the sole cost of the Company, to complete the corrective action approved by the City within thirty (30) calendar days after the City approves the Company's corrective action plan. g. Reports. The Company shall provide to the City periodic status reports in accordance with the City's audit procedures regarding the Company's resolution of any audit -related compliance activity for which the Company is responsible. 14. REPORTS AND BRIEFINGS: In a manner consistent with the need to protect privacy and t he intellectual property of the Company and t hird parties, the Company will provide periodic briefings as reasonably requested by the City on the general activities, economic impact and progress of the new project development and business operations in Texas. 15. USE AND RETENTION OF CITY CRAFTSMEN, TRADES AND SUPPLIERS: Although not an event of default or a condition to this Agreement, the City requests that the Company satisfies its need for additional employees from City of Pearland, Texas, residents and purchase all materials, supplies and services necessary to affect the occupancy of the property from City of Pearland merchants and businesses. 16. COMMUNITY INVOLVEMENT: Although not an ev ent of default or condition of any advance hereunder, the Company agrees to actively participate in community and charitable organizations and/or activities, the purpose of which are to improve the quality of life in the City of Pearland, Texas, and to actively encourage its employees to be involved in such organization and/or activities. 17. INDEMNITY AND HOLD HARMLESS: THE COMPANY 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 WHATSOEVER CHARACTER OR NATURE, INCLUDING ATTORNEYS' FEES, WHICH MAY ARISE AS A R ESULT OF THIS AGREEMENT TO THE EXTENT OF THE COMPANY'S NEGLIGENCE OR FAULT. THE PROVISIONS OF THIS SECTION REFLECT THE EXPRESSED INTENTIONS OF THE COMPANY AND THE CITY AND SHALL SURVIVE THE TERMINATION, EXPIRATION, OR CANCELLATION OF THIS AGREEMENT. 19. EXPRESS NEGLIGENCE. THE INDEMNITY SET FORTH IN THIS AGREEMENT IS INTENDED TO BE ENFORCEABLE AGAINST THE COMPANY AND ITS SUCCESSORS AND ASSIGNS IN ACCORDANCE WITH THE EXPRESS TERMS AND SCOPE HEREOF NOTWITHSTANDING TEXAS' EXPRESS NEGLIGENCE RULE OR ANY SIMILAR DIRECTIVE THAT WOULD PROHIBIT OR OTHERWISE LIMIT INDEMNITIES BECAUSE OF THE NEGLIGENCE (WHETHER SOLE, 10 CONCURRENT, ACTIVE OR PASSIVE) OR OTHER FAULT OR STRICT LIABILITY OF THE CITY. 19. GENERAL PROVISIONS a. Authority. Each party represents that it has obtained all necessary authority to enter into this Agreement. b. Relationship of Parties and Disclaimer of Liability. The parties will perform their respective obligations under this Agreement as independent contractors and not as agents, employees, partners, joint ventures, or representatives of the other party. Neither party can make representations or commitments that bind the other party. The Company is not a " governmental body" by virtue of this Agreement or the City's granting of an abatement. c. Limitation of Liability. In no event will either party be liable to the other party for any indirect, special, punitive, exemplary, incidental or consequential damages. This limitation will apply regardless of whether or not the other party has been advised of the possibility of such damages. d. Term. The term of this Agreement commences on the Effective Date of the Agreement and continues until December 31, 2021 unless terminated earlier pursuant to the terms of this Agreement. e. Termination for Cause. Either party may terminate this Agreement for Cause upon thirty (30) days prior written notice to the other party. "Cause" is any failure to perform a material obligation under this Agreement within the specified time; including Company's failure to comply with any Funding Conditions contained herein. The sole remedy for any termination for Cause (and for the "cause" giving rise to the termination) shall be that each party is relieved of its obligation to perform hereunder, however, following termination by the City, the Company will continue to be obligated to the City for liquidated damages and/or repayment of abated taxes in accordance with applicable provisions of this Agreement. f. Dispute Resolution and Applicable Law. 1) Informal Meetings. The parties' representatives will meet as needed to implement the terms of this Agreement and will make a good faith attempt to informally resolve any disputes. 11 2) Applicable Law and Venue. This Agreement is made and entered into in the state of Texas, and this Agreement and all disputes arising out of or relating thereto shall be governed by the laws of the state of Texas, without regard to any otherwise applicable conflict of law rules or requirements. The Company agrees that any action, suit, litigation or other proceeding (collectively "litigation") arising out of or in any way relating to this Agreement, or the matters referred to therein, shall be commenced exclusively in the State of Texas in any court with proper jurisdiction to hear this matter closest to the City Hall of the City of Pearland, and hereby irrevocably and unconditionally consent to the exclusive jurisdiction of those courts for the purpose of prosecuting and/or defending such litigation. The Company hereby waives and agrees not to assert by way of motion, as a de fense, or otherwise, in any suit, action or proceeding, any claim that (a) the Company is not personally subject to the jurisdiction of the above-named courts, (b) the suit, action or proceeding is brought in an inconvenient forum or (c) the venue of the suit, action or proceeding is improper. 20. MISCELLANEOUS PROVISIONS a. Counterparts. This Agreement may be executed simultaneously in two or more counterparts, each of which shall be deemed an original, and it shall not be necessary in establishing proof of this Agreement to produce or account for more than one such counterpart. b. Merger. This document constitutes the final entire agreement between the parties and s upersedes any and al I prior oral or written communication, representation or agreement relating to the subject matter of this Agreement. c. Severability. Any term in this Agreement prohibited by, or unlawful or unenforceable under, any applicable law or jurisdiction is void without invalidating the remaining terms of this said Agreement. However, where the provisions of any such applicable law may be waived, they are hereby waived by either party, as the case may be, to the fullest extent permitted by the law, and the affected terms are enforceable in accordance with the parties' original intent. d. Survival of Promises. Notwithstanding any expiration, termination or cancellation of this Agreement, the rights and obligations pertaining to payment or repayment of abated taxes and/or liquidated damages, 12 confidentiality, disclaimers and I imitation of liability, indemnification, and any other provision implying survivability will remain in effect after this Agreement ends. e. Binding Effect. This Agreement and all terms, provisions and obligations set forth herein shall be bi nding upon a nd shall inure to the benefit of the parties and their successors and all other state agencies and any other agencies, departments, divisions, governmental entities, public corporations and other entities which shall be successors to each of the parties or which shall succeed to or become obligated to perform or become bound by any of the covenants, agreements or obligations hereunder of each of the parties hereto. f. Successors and Assigns/Notice. 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 the Company only upon written permission by the City in accordance with Resolution R2011-12, which permission shall not be unreasonably withheld. N o assignment shall be approved if the assignor or assignee is indebted to the City for ad valorem taxes or other obligations. The Company, or any legal successor thereto or prior assignee thereof, may assign its rights and obligations under this Agreement, including by merger or operation of law, to any legal successor or any person or entity that acquires all or substantially all of its business and operations. In addition, with the prior written consent of the City, which consent shall not be unreasonably withheld or delayed, the Company, or any legal successor company thereto or prior assignee thereof, may assign its rights and obl igations under this Agreement to any parent or wholly owned subsidiary that it currently has in place or later establishes, if it is constituted as a separate legally recognized business entity. Any such assignment will be m ade without additional consideration being payable to the City. This Agreement shall survive any sale, change of control or similar transaction involving the Company, any successor thereto or prior assignee thereof and no such transaction shall require the consent of the City. The Company shall provide the City written notice of any assignment, sale, change of control or similar transaction pursuant to this section as soon as possible and in no event not later than thirty (30) calendar days following such event. g. Force Majeure. Neither party shall be r equired to perform any obligation under this Agreement or be liable or responsible for any Toss or damage resulting from its failure to perform so long as performance is delayed by force majeure or acts of God, including but not limited to strikes, lockouts or labor shortages, embargo, riot, war, revolution, 13 terrorism, rebellion, insurrection, flood, natural disaster, interruption of utilities from external causes. h. Notice. All notices, requests, demands and other communications will be in writing and will be deemed given and received (1) on the date of delivery when delivered by hand or via electronic mail, (ii) on the following business day when sent by confirmed simultaneous telecopy and (iii) on the following business day when sent via overnight courier (e.g., Federal Express). 21. AGRICULTURAL VALUATION: It is understood and agreed by the City and the Company 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 the Company 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. 22. CITY AUTHORIZATION: This Agreement was authorized by Resolution of the City Council at its council meeting on the 9th day of April, 2012, authorizing the City Manager to execute the Agreement on behalf of the City. 14 Witness our hands this p day of , 4O/ ATTEST: CITY By: APPROVED AS TO FORM: By: 4--2— frL Crf--'� Darrin M. Coker City Attorney 15 Bill Eisen City Manager REF -CHEM, L.P. By: Ha ey J. Pag Chairman of oard THE STATE OF TEXAS COUNTY OF BRAZORIA BEFORE ME, the undersigned Notary Public, on this day personally appeared Bill Eisen, City Manager for the City of Pearland, known to me to be the person whose name is subscribed to the foregoing instrument and acknowledged to me that he executed the same for the purposes and consideration therein expressed. GIVEN UNDER MY HAND AND SEAL OF OFFICE THIS !/" DAY OF A' 1' AN11 RODRIGUEZ NOTARY PUBLIC STATE OF TEXAS - ormvs, o, Expires 02-02-2013 ,A.D.,20N. THE STATE OF"/ i9-5 COUNTY OF kc -or AAA- NTARY PUBLIC, STATE OF Printed Name:rVia.r�o(-_ --a P-0Srt(%U e Commission Expires: per- BEFORE ME, the undersigned Notary Public, on this day personally appeared Harvey J. Page, Chairman of the Board of Ref -Chem, L.P., known to me to be the person whose name is subscribed to the foregoing instrument and acknowledged to me that he executed the same for the purposes and consideration therein expressed. GIVENND R MY HAND AND SEAL OF OFFICE THISZ, DAY OF �, ,A.D.,20/. NOTARY PUBLICC/SS Printed Name: Commission Expires: TE OF TEXAS / /D -J/- 40/4 16 BEVERLY HICKS NOTARY PUBLIC STATE OF TEXAS My Comm. Exp. 10-31-2012 Exhibit "A" PREMISES Property Description SURVEYING COMPANY 12345 Jones Road, Suite 270 Houston, TX 77070 281-955-2772 • Fax 281-955-6678 www.eicsurveying.eou • eie@eiesurveying.com Alt that certain tract or parcel containing 11.8031 acres of land situated in the F.B. Drake Survey, A-1181, in Harris Comity, Texas, said 11.8031 acre tract being that same tract of land described as 11..80 acres of land in a deed filed for record under Harris County Clerk's File No. 20090080880 and being more particularly described by metes and bounds as follows: BEGINNING at a Texas Department of Transportation Disk, (TX DOT Disk), marking the intersection of the South right-of-way line of Beltway 8, (S. Frontage Road, variable width), with the East right-of-way line of Tom Bass Park Road, (100.00 feet in width), both as shown on the map or plat of the Final Plat of Turbocare, a subdivision in Harris County, Texas according to the map or plat thereof filed for record under Film Code No. 443062 of the Harris County Map Records, same point narking the Northwest corner of the herein described 11.8031 acre tract of land; THENCE N 80°12'55" E, (call N 80°12'38" E), a distance of 198.61 feet along the South right-of-way line of said Beltway 8 to an angle point, from this point a TX DOT Disk (found) bears S 08°35'43" 13, 0.19 feet; THENCE N 86°53'41" E, (call N 86°53'24" E), a distance of 265.95 feet along the South right-of-way line of said Beltway 8 to a 5/8" iron rod with E.I.C. cap (set) marking the Northwest corner of Unrestricted Reserve "A" in Block 1 of said Final Plat of Turbocare and the Northeast corner of the herein described 11.8031 acre tract of land; THENCE S 02°42'31" E, (call S 02°42'48" 1?), a distance of 1,11.6.65 feet along the common line of said Unrestricted Reserve "A" and said 11.8031 acre tract of land to a 3/4" iron pipe (found) in the North line of that certain call 147.6431 acre tract of land as described in a deed filed for record under Harris County Clerk's File No. G-072386 marking the Southwest corner of said Unrestricted Reserve "A" and the Southeast corner of the herein described -11.8031 acre tract of land; THENCE S 87°14'01" W, (call S 87°13'41" W), a distance of 463.04 feet along the common line of said 11.8031 acre and said 147.6431 acre tracts of land to a 60D nail (set) in root of a 24" Hackberry tree in the East right-of-way line of said Tom Bass Park Road marking the Northwest corner of said 147.6431 acre tract ()Eland and the Southwest corner of the herein described 11.8031 acre tract of land; THENCE N 02°42'31" W, (call N 02°42'48" W), a distance of 1,090.81 feet along the East right-of-way line of said Tom Bass Park Road to the POINT OF BEGINNING and containing 11.8031 acres of land; SAVE & EXCEPT that certain 900 square foot tract of land conveyed by Three Iron, L.P., a Texas limited partnership, to the City of Pearland in instrument tiled for record under Harris County Clerk's File No. 20090048727. Surveyed on the ground March 14, 2012. Job No. 12-96-02 (see corresponding plat). The basis of bearing is N 81°31'29" W from RM 010185 toward RM 010190. Lund Boundary • Tupugripitic 8urveyin4 A Division of Everything in Christ ..eoices, Inc. BELTWPOAAY f 210. FRONTAGE ON AAGE RoADINN AABIE WIDTH) ON MEI SRF a waft mofaae.efvaa mwwMan M.N.""t.awrlr .118 IOST u PRINS KR =ATM SCUSIa0 AFFPO%BsAMMDATION WPIDNIK ZONE SHAD 04 DEPTH OF POND ESTIMATED ® tr To zf x ZONE AE aa= TOf (ICwu. o27 1341�W) OUT UNRESERICTED RESERVE'A' BLOCK 3 FINAL PIAT OE T URJOCARE FLM CODE NO. 403062 ILCMA TOM BASS PARK CALL 1x3.6431 ACRE TRACE AS RECORDED UNDER HARRIS COUNTY CLERK'S FTSE N0.0072396 SUBJECT TO 1.020IL NI Riau Roevm. L S,ma> Y rad asp Lf pH Ma maul mama,. 50O ani nr tars a.an, m i Um0naim 0 44.4 to ad podsdYi..n>. las m mnfm6eYd6 ionamee*Aa..r.lwaca ..., dna Surrey W ban do..nlw bears a. e.. aYgma Sum, LeI40 Amos SJ..M dm ailCala 'mF.mo, Ufa, mei* Mayorm000wma4Mla arasa.dp1 mas Y. fa my I. 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N..S3nw,c0...ma 1tm m.o#q...O.. a.>m,ea wdm ar.apaa,.maw 0,484.1 Me Mom damk.OP Yn as 60.b0.. $6 aa..i,l aM,r dew fvdw.m a Pmwd of Yma Iral'a f u Ra sim poem amnia rated d u.®. n11a,d n,ad Tiik ...Mani. fa...D. SamsoNum .,lea. a Oe *lam napneas • Wn..135 N ran VARY NM dwOM namdal F. tar 1"'00'•. '.tri ..n mn,.x .r Exhibit "B" APPLICATION FOR TAX ABATEMENT IN THE CITY APPLICATION FOR TAX ABATEMENT IN THE CITY OF PEARLAND It is recommended that this application be filed at Least 90 days prior to the beginning of construction or 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. 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 Pearland Economic Development Corp. President, 1200 Pearland Parkway, Suite 200, Pearland, Texas 77581, 281.997.3000, www.pearlandedc.coim Please attach exhibits and additional informa don. Applicant Information Name of Business: Ref -Chem, L.P. Date: 01.31.12 Address: 1128 South Grandview City: Odessa State: TX Zip: 79761 Contact Person: Harvey J. Page Title: Chairman of the Board Phone: 432.332.8531 Fax: 432.332.3456 F.mai: hjpage@ref-chem.com N.-AICS Codes for primary business operations: 237120 (Oil and Gas and related structures construction) ,541330 (Engineering Services) Federal ID Number: 75-1294594 Does the Business file a consolidated tax return under a different tax ID number? ❑ Yes If yes, please also provide that tax ID number: What is your State of Texas tax ID number: 1-75-1294594894-8 Is the contact person listed above authorized to obligate the Business? ® Yes No If no, please provide the name and title of a company officer authorized to obligate the Business: 1) ® No Business Information Provide a brief description and history of the Business. Include information about the Business' products or services and markets served. Ref -Chem is a 55 year old industrial contractor based in Odessa, Texas that provides engineering, construction and maintenance services to the following sectors of the industry: oil and gas, refining, chemicals, petro -chemicals, power, minerals, air processing and solar. See attached brochure. Business Structure: ❑ Cooperative ❑ Corporation ® Partnership ❑ S -Corporation ❑ Limited Liability Company ❑ Not for Profit ❑ Sole Proprietorship State of Incorporation: TX Years in business: 54 Identify the Business' owners and percent ownership: Attached Annual Sales (Most Recent): $150,000,000 Projected Total Sales: Year 1: $160,000,000 Year 2: $185,000,000 Year 3: $200,000,000 How many employees are currently employed by the Business including all locations, subsidiaries, divisions worldwide? List the Business' Texas Locations and rhe Current Number of full-time equivalent (F 11) Employees at each Location (including Pearland if applicable): 1,000 to 1,500 total - Pearland location would house 125 initially and reach 150 by the end of 2015. Current annual payroll of existing Pearland facility excluding any benefits (if applicable): Not applicable Does the Business offer medical and dental insurance? ® Yes ❑ No If yes, please describe. Description attached. Does the Business offer a pension plan, 401(k) plan, and/or retirement -plan? ® Yes ❑ No If yes, please describe. Description attached. Please provide a brief description of the Business' involvement in the community(ies) that it has locations. Ref -Chem (RCLP) is heavily involved with community organizations such as blood drives, Boy Scouts of America, YMCA, United Way, Boys & Girls Harbor and local high schools to educate and identify career opportunities available in our industry. Besides the home office location in Odessa, Texas, RCLP has foux (4) locations in the Houston area - Pasadena, Texas (to be vacated), and Houston, Texas (to be vacated), Deer Park (to be partially vacated) , and Freeport, Texas (to be partially vacated). In these locations, RCLP participates in the local Chambers of Commerce. In Houston, RCLP participates in the Houston Chapter of the Associated Builders and Contractors having supplied two (2) organization Presidents over the last 25 years. RCLP has participated in supplying teams of people to assist in ABC community refurbishment projects over the last 5 years. RCLP was a major contributor to the construction of the new building for "The Bridge", a Pasadena program for battered women and children. At the Odessa Chamber of Commerce, Harvey J. Page, Chairman of the Board, was honored in 1999 as the "Man of the Year" in Odessa for his business success and community participation. Project Information Location and legal description of the area to be designated as reinvestment zone (Provide snap showing site and metes and bounds description in attachment A5): Beltway 8 and Tom Bass Parkway Type of Business Project ® New Location ❑ Expansion of Pearland Facility 0 Modernization of Existing Pearland Facility Type of Facility: • Manufacturing 0 Reg. Distribution Center O Regional Service ❑ Reg. Entertainment Center ❑ Other Basic Industry Briefly describe the proposed project for which assistance is being sought. (Include project facility size, infrastructure improvements, proposed products/services, any new markets, etc.) Ref -Chem plans to purchase an 11 acre undeveloped tract of land on Beltway 8 and Tom Bass Parkway in Pearland, Texas. The intent is to construct an office building with approximately 40,000 square feet of space in order to house people who are currently housed in several buildings in Pasadena, Deer Park, Houston and Freeport. The initial occupancy will be approximately 125 people but the business has been expanding recently and the projection is that the population of the building should continue to grow over the next 5 years. The plan is for the office building to be expandable in sections if the office space needs continue to increase. The people occupying this building will be management personnel, engineers, designers, and administrative. staff. The second part of the plan is to build a construction equipment yard to house rolling construction equipment and a warehouse for tools and small equipment. The warehouse architecture will be compatible with the office building. Has any part of the project started? ❑ Yes ® No If yes, please explain. Identify the Business' competitors. If any of these competitors have Pearland locations, please explain the nature of the competition (e.g. competirive business segment, estimated market share, etc.) and explain what impact the proposed project may have on the Pearland competitor. Competitors: Infinity, Austin Industrial, TV Piping, TLC, Performance, Turner Industrial, L -Con. The current workload of RCLP competitors should not be affected. The workload is expanding sufficiently to keep all established contpetitors busy. The purpose of building the new building is to consolidate RCLP operations into one facility. Will any of the current Pearland employees lose their jobs if this project does not proceed in Pearland? (Existing Pearland Companies only) 0 Yes ® No If yes, please explain why and identify those jobs as "retained jobs" in the Project jobs section. Is the Business actively considering locations outside of Pearland? ® Yes ❑ No If yes, where and what assistance is being offered? Various sites are being explored. Will any State or Federal Perrnits be needed Eor the project? 0 Yes ® No IE yes, please describe each and current time -frame for receiving each? Will the project be seeking LEED certification? ❑ Yes ® No :Eyes, what level of certification is being sought? Project Jobs List the jobs that will be created and/or retained as the result of this project. (A retained job is an existing job that would be eliminated or moved to another location if the project does not proceed in Pearland.) For jobs to be created, include the starring and final hourly wage rate. For retained jobs, include the current hourly wage tare. Is the hourly wage rate based on a 40 hour work week, 52 weeks per year? ® Yes ❑ No If no please explain: Full -Time CREATED Jobs (Add additional rows as needed) Job Tide/Classification Number of CREAIED Jobs Starting Wage Wage at End of year Three Superintendents 9 5990,000 51,109,000 Vice Presidents 4 $700,000 $784,000 Managers 6 $738,000 5827,000 Administrative Staff 17 5720,000 $807,000 Engineers 15 $1,875,000 $2,100,000 Designers 36 $4,356,000 54,880,000 Project Managers &Engineers 13 51,520,000 51,700,000 Project Controls 5 $400,000 $448,000 Estimators 7 5560,000 $627,000 Quality Controls 3 5250,000 $280,000 Safety 2 $160,000 5180,000 Purchasing 2 5170,000 $190,000 IT 2 5170,000 5190,000 Equipment Department 4 5188,000 5210,000 Assistant Project Managers 0 $0 50 Total CREATED Jobs 125** $12,797,000 514,332,000 **Of the total number, 33 positions are currently contract personnel. Approximately 8 of those positions will be converted to full time jobs prior to the occupancy date. Full -Time RETAINED Jobs* (Add additional rows as needed) Job Title/Classification Number of RETAINED Jobs Current Wage 5 $ 5 $ $ $ $ 5 $ $ 5 Total RETAINED Jobs 5 *Existing jobs based n Pearland Tax Abatement Information Description of eligible improvements (real property) to be constructed including fixed equipment, buildings, parking lots, etc (Provide detail in attachment A6): Description of ineligible property to be included in project, including inventory and personal property: Inventory and personal property. The proposed reinvestment zone is located in: County: Hartis County Drainage District: Harris County Flood Control District School District: Houston ISD College District: Houston Community College District Other Taxing Jurisdictions: Port of Houston Authority, Harris County Hospital District, Harris County Education Department, City of Pearland What is the parcel(s) tax identificadon number(s)?: 0470010000043, 0470010000044 ,0470010000045, 0470010000047, 0470010000052, Tax Abatement Requested: 25% of eligible property for a term of 7 years (or) requesting staggered tax abatement terms as follows: Is the applicant seeking a variance under Section 3 (f) of the Guidelines: Yes ❑ No If yes, attached required supplementary information in attachment AS. Has company made application for abatement for this project by another taxing jurisdiction or nearby counties: Yes ❑ No If yes, provide dates of application, hearing dates, if held or scheduled, name of jurisdictions and contacts, and letters of iotent. Construction Estimates Commencement Date: 3/6/12 If Modernization Construction Man Years: 29.3 Estimated Economic Life of Existing Plant in years: Completion Date: 12/31/12 Added Economic Life from Modernization in years: Peak Construction jobs: 60 2011 APPRAISED BASE VALUE ON SITE ESTIMATED VALUE OF NEW VALUE ADDED Land $1,042,813 Land $ Building and Improvements $0 Fixed Improvements $4,500,000 Fixed Equipment $0 Fixed Machinery Equipment $ Personal Property $0 Personal Property $1,500,000 Inventory $0 Inventory $ Total of Pre-existing Value $1,042,813 Total of New Value Added $6,000,000 Total Value of Pre-existing and New Value $7,042,813 Project Budget AMOUNTS BUDGETED Use of Funds Cost Source Commitment Status Land Acquisition 52,500,000 Self -Finance Site Preparation Cost of Utilities to Site Building Acquisition Building Construction $4,500,000 Self -Finance Building Remodeling Machinery & Equip. Computer Hardware 5250,000 Self -Finance Computer Software $250,000 Self -Finance Furniture & Fixtures $1,000,000 Self -Finance Working Capita) Moving Expenses 5200,000 Self -Finance Job Training TOTAL $8,700,000 Self -Finance Does the Business plan to ase the facility? ❑ Yes ® No If yes, please provide the .Annual Base Rent Payment (lease payment minus property taxes, insurance, and operating/maintenance expenses) and the length of the lease agreement. Financial assistance is need -based, please explain why assistance is needed: Financial assistance is needed to provide incentive for the Company to afford to relocate to new facility for the long term future growth of the company. Any recipient of tax abatement is expected to provide security to the City. The security will be exercised, when necessary, due to non-performance. In addition to a lien and/or mortgage, personal guarantees are expected for businesses not publicly traded, and corporate guarantees are expected when the business recipient has a parent (or holding) company. What security will be offered to secure financial assistance and describe what seniority or position the City will have on any lien or mortgage? Ref -Chem will self -finance the project therefore no personal guarantees will be made to the Corporation since there will be no liabilities to any other firm. A6 Extent of Project Ref -Chem, L. P. is purchasing a lot that has never been developed and plans to turn it into a fully functioning Office/Shop complex to become its Houston operations center. This facility will be built to house approximately 125 engineers, designers, Project Managers, and other staff along with a shop to store tools and construction equipment and also to facilitate the fabrication of pipe and steel on occasion. The office will contain approximately 35,000 s. f., the shop, another 10,000 s. f. and a small field staff office will contain another 3,000 s. f. of room. Paved parking spaces and drives will be ample to support the staff and visitors. The working area behind the shop will be hard surfaced to allow fabrication activities to continue in times of inclement weather. The facility will be harmonious with other structures in the area and will provide a developed site near the entrance to Tom Bass Park. The site will be developed such that a sizable future expansion can be added without disrupting the main building operations. A retention pond will be employed on site to handle heavy rains as called for in the Pearland Specifications. A7 Proposed Timeline Commence sitework - 3/6/12 Begin civil work — 5/9/12 Complete structure — 9/28/12 Complete interior work —12/14/12 Certificate of Occupancy —12/21/12 Occupy Building —12/26/12 Attachments Please attach the following documents: Al Completed Economic Impact Data Sheet (If requested) A2 Business Plan (If requested) A3 Copy of the most recent payroll teport for one pay period must be in Excel format and include the following information (If requested): • Company name, date of payroll and source of payroll information • Employee name and/or employee identification number • Current hourly wage - do not include bonuses or other benefit values • Indicate if the employee is full time (40 hours per week, 52 weeks per year) or part time. A4 Financiallnforrnation • .Audited profit and loss statements and balance sheets for past three year -ends; • Current YID profit and loss statement and balance sheet; and • Schedule of aged accounts receivable; • Schedule of aged accounts payable; and • Schedule of debts. A5 Map showing boundaries of proposed site. A6 Statement explaining general nature and extent of the project, describing existing site and improvements; describe all proposed improvements and provide a list of all improvements and equipment for which abatement s requested. A7 Proposed timeline for undertaking and completing the planned implements. A8 Variance Request (if applicable) INSTRUCTIONS Applicants and projects must meet the requirements established by the City of Pear.land Guideh'nes and Criteria for Granting Tax Abatement in a Reinvestment Zane found in Resolution No. 82011-12 (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 sueh 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 establisbed, 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. TAX ABATEMENT INFORMATION ;Estimated Appraised Value on Site - The value as of January 1 irn.tnediately preceding abatement sbould be the value established by the 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. 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 adrninistratiou, housing, etc. Certification & Release of Information I hereby give permission to the City of Pearland and the Pearland Economic Development Corporation (PEDC) to research the Business' history, make credit checks, contact the Business' financial institutions, insurance carriers, and perform other related activities necessary for reasonable evaluation of this application. 1 understand that all information submitted to the City and PEDC related to this application is subject to Texas Public Information Act 1 understand this application is subject to final approval by the City of Pearland City Council and the Project may not be initiated until final approval is secured. I understand that the City reserves the right to negotiate the financial assistance. Furthermore, l am aware that tax abatement is not available until an agreement is executed within a reasonable time period following approval. I certify the Business has not, within the last five years, been cited or convicted for violating any state or federal statutes, rules, and regulations, including environmental, worker safety and immigration regulations, or, if such violations have occurred, that there were mitigating circumstances or such violations did not seriously affect public health or safety or the environment I hereby certify that all representations, warranties, or statPf11en*s made or furnished to the City and PEDC in connection with this application are true and correct in all material inspect I understand that it is a violation under Texas law to engage in deception and knowingly make, or cause to be made, directly or indirectly, a false statement in writing for the purpose of procuring economic development assistance. For the B ease ' —c9viZ Signature Date h'A4Y P,9G4 L'NQl�t'�f1�� of td 1.90A7441 Name and Title (typed or panted) EXHIBIT "C" FORM OF ANNUAL EMPLOYMENT COMPLIANCE VERIFICATION CITY OF PEARLAND ANNUAL EMPLOYMENT AND INVESTMENT COMPLIANCE VERIFICATION Verification should be submitted to the Pearland Economic Development Corporation President, 1200 Pearland Parkway, Suite 200, Pearland, Texas 77581, 281.997.3000, www.pearlandedc.com. Please attach exhibits and additional information. Company Information Name of Business: Date: Address: City: State: Zip: Contact Person: Title: Phone: Fax: Email: Annual Compliance Verification Please check the box that applies: ❑ First Time Filing ❑ Subsequent Filing If subsequent, date last compliance submitted: Report Covers Period: Begin Date: End Date: This is compliance of 1 Employment -Position Information All positions must be full-time (2000 hours or more annually) and permanent, with the Company. 1. Total Number of Employment Positions previously certified: 2. Total Number of New Employment Positions Submitted for Certification this period: 3. Total Number of Employment Positions Reported (line 1 + line 2): 4. Total Payroll for all Employment Positions Reported this Claim Period: 5. Average annual gross compensation at this Company/Project Facility (line 4/line 3): Did the Company meet the job creation and retention targets for this reporting period? ['Yes ❑ No If no, please explain why: Does the Company provide medical and dental benefits to all employees? ❑ Yes ❑ No Investment Information (if applicable) S 1. Total Investment (Qualified Expenditures) Previously Certified: 2. Total New Investment (Qualified Expenditures) Submitted for Certification this Claim Period: 3. Total Investment (Qualified Expenditures) Reported (previously certified and new line 1 and 2): Did the Company meet the investment target for this reporting period? ❑ Yes ❑ No If no, please explain why: Taxable Value Information (if applicable) The following should reflect the change in taxable value according to the appropriate Central Appraisal District. TAXABLE VALUE ON SITE 20_ ORIGINAL BASE VALUE TAX YEAR 20_ TAX YEAR 20_ TOTAL INCREASE OVER 20_ BASE Land $ $ $ $ Building and Improvements $ $ $ $ Fixed Equipment $ $ $ $ Personal Property $ $ $ $ Inventory $ $ $ $ Total Taxable Value $ $ $ $ Please submit requested attachments. Other Information Is the company in compliance with all terms and conditions of the agreement for this reporting period and all previous periods: ❑ Yes ❑ No If no, please explain why: 2 Attachments Please attach the following documents: Al Certified copy of the appraised and settled value of the Improvements as shown by the appropriate Central Appraisal District supported by all correspondence, renditions, appeals or contests and settlement of appraised value and shall provide appropriate back-up data for the Improvements exclusive of other investments made at the Premises. A2 Business Personal Property Rendition of Taxable Property Form Certification I certify the Business has not, within the reporting period, been cited or convicted for violating any state or federal statutes, rules, and regulations, including environmental, worker safety and immigration regulations. Under penalty of perjury, I declare that the information in this document and any attachments are true and correct to the best of my knowledge and belief. For the Business: Signature Date Name and Title (typed or printed) 3 NOTE — THIS STATEMENT SHALL NOT BE ATTACHED TO THE ANNUAL COMPLIANCE VERIFICATION. IT WILL BE REVIEWED ONLY AT THE COMPANY'S OFFICES AS PART OF THE ANNUAL COMPLIANCE VERIFICATION. ANNUAL EMPLOYMENT COMPLIANCE VERIFICATION DETAIL Job Certification Period: January 1, ABC Company 114 Oak Drive Pearland, Texas 77581 ABC Company, Inc. Project Approved: 10/23/98 2000 through December 31, 2000 Job No. Position Title Social Employee Wages Hours Date Hired to City of Security Name During Claim Worked Position/Date Pearland Number Period During Claim Left Position Resident Period PREVIOUSLY CERTIFIED JOBS (updated): 001 Division ###-##-#### Dennis Director Director 002 Office Manager 002A ###-##-#### ###-##-#### NEW JOBS THIS CERTIFICATION: 003 Sales Manager ###-##-#### $68,987 Mary Worker $15,236 Lindsey Sellsmith Delores Incharge 004 Print Shop ###-##-#I/## Adam Manager Typeset $12,008 $29,695 $32,450 Total Jobs Created: 4 Total Payroll: $###,### Vacant Positions: 0 TOTAL # OF JOBS ON THIS PAGE 4 PAGE # 1 of 1 TOTAL # OF JOBS ON THIS CLAIM 4 4 2,318 1,200 09/01/98 to Present 01/15/98 to 8/31//98 900 9/1/98 to Present 2,080 2,056 09/01/99 to Present 09/01/99 to Present N Y Y N Y