HomeMy WebLinkAboutR86-956RESOLUTION NO. R86-956
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PLAINVIEW,
TEXAS ADOPTING A STATEMENT OF POLICY AS IT PERTAINS TO TAX
ABATEMENT.
WHEREAS, the City of Plainview recently granted Tax Abatement
to Wal-Mart Stores, Inc.;
WHEREAS, said Tax Abatement was granted as an inducement for
Wal-Mart Stores, Inc. to construct a regional distribution warehouse
in Plainview;
WHEREAS, it is believed'
securing the Wal-Mart facility;
that said inducement assisted in
WHEREAS, it is believed that the
creation of jobs associated with said
Plainview economy;
Wal-Mart facility and the
facility will stimulate the
WHEREAS, after the granting of the Tax Abatement, the City
Council felt that a policy should be developed in order to process
future request for Tax Abatement;
WHEREAS, a copy of the "Statement of Policy" as it pertains to
Tax Abatement is attached and is hereby made a permanent part of
this resolution.
NOW THEREFORE BE IT RESOLVED by the City Council of the City of
Plainview, Texas that the attached "Statement of Policy," as it
pertains to Tax Abatement, is hereby adopted and is to be utilized
in the processing of future request for Tax Abatement.
PASSED AND APPROVED this the 28th day of January, 1986.
E.V. RIDLEHUBER, Mayor
ATTEST:
Shery~ Owen, Deputy City Clerk
RE: Tax Abatement
CITY OF PLAINVIEW
STATEmeNT OF POLICY
The Plainview City Council will consider requests for tax abat~r~nt
in the following manner:
1) The applicant must cc~plete a questionnaire provided by_ the City
Manager's office.
2) In accordance with State Law the area requested to be designated as a
reinvestment zone, which WOUld make said property eligible for tax
abatement, must meet at least one of the following criteria:
a) Substantially impair or arrest the sound growth of the City,
retard the provision of housing accomodations or constitute
an economic or social liability and be a meD~ce to the public
health, safety, morals or welfare in its present condition and
use by reason of the presence of a substantial number of
substandard, slum, deteriorated, or deteriorating structures;
predominance of defective or inadequate sidewalk or street
layout;, faulty lot layout in relation to size, accessibility,
or usefulness; unsanitary or unsafe conditions; deterioration of
site or other improvements; tax or special assessmant
delinquency exceeding the 'fair value of the land; defective or
unusual conditions of title; the existence of conditions that
endanger life or property by fire or other cause; or any
combination of these factors-or conditions.
b) Be predca%inantly open and because of obsolete platting,
deterioration of structures or site improvements, or other
factors, substantially impair or arrest the sound growth of tb~
City.
c) Be in a federally assisted new col~,~nity located within a hc~e-
rule city or in an area immediately adjacent to a federally
assisted new cca~mm~ity.
d) Be located wholely within an area which meets the requirements
for federal assistance under Section 119 of the Housing and
C~N~nity Development Act of 1974.
3) The "but-for" rule is the best rule to apply in order to determine
whether tax abatement is appropriate for a particular area. "But-for"
the use of tax abatement, Will new business activity be generated in the
area; Will unemployment decrease; etc. If it is determined that
development will occur in an area, without tax abatemant then abatemant
should not be utilized. ' But, if the value of the taxable property will
not go up unless there is some kind of econc~ic stimulus, then the area
is probably right for tax abatement.
CITY OF PLAINVI~
Tax Abatement Questionnaire
1. Name, address and telephone number of entity applying for tax abatement:
e
This entity is referred to the as the "applicant" of the project for the
remainder of this questionnaire.
Name, title, address and telephone number of persons w~rking on this
proposal:
e
Form of organization of principle user (check one):
Corporation
Partnership
Sole Proprietorship
Joint Venture
Is the principle user related to any other organization bymore than 50%
cc~mon ownership? If so, indicate nam~ of related organization and
relationship.
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e
If any of the above persons own more than 50% of the corporation, list
all other organizations which are related to the corporation by virtue.
of such persons having more than a 50% interest in such organizations.
7. Location of project: (attach map)
(Street Address)
8. Project site:
(a) Indicate approximate size in acres Or square feet of project site.
(b) Are there buildings now on the project si~e?
(c) Indicate the present use of the project site.
(d) Indicate present ownership to project site.
e
If the principle owner now owns the project site, indicate:
(a) Date of purchase.
(b) Purchase price.
(c) Balance of 'existing mortgage.
(d) Owner of mortgage.
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~ ~14. Does the project involve acquisition of an existing building or
~ buildings? If yes, indicate number and size of buildings:
15. Does the project consist of the construction of a new building or
buildings? If yes, indicate number and size of new buildings and
estimated construction costs.
16. Does the project consist of additions and/or renovations to existing
buildings? If yes, indicate nature of expansion and/or renovation and
the cost of such.
17. What will the building or buildings to be acquired, constructed or
expanded be used for by the applicant? Give detailed description.
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(a) Site clearance. Yes No
(b) Foundation. Yes No
(c) Footings. · Yes No
(d) Steel. Yes No
(e) Masonary work. Yes No __
(f) Other (describe belch) Yes __
% C~-~lete
% Complete
% Complete
% Complete
% Complete
No % C~-~-~lete
20. Indicate average daily consumption of water as well as the peak demand
in gallons per minute, and the time of day and length of t/me peak
demand requirements need to be met.
21. Indicate average daily discharge of wastewater as well as the peak
flow in gallons per minute and the ~ ~of day and length of time peak
de~and requirements need to be met. Also provide a chemical analysis of
wastewater.
22. Please indicate proposed improvements needed to serve the site in
question as it pertains to pav~t, water, sewer, and other city
services.
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26)
Ownership: List all stockholders or partners having 10% or more
interest in the corporation.
27. Please attach detailed financial informatin on your corporation,
partnership or joint venture.
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30) Before an area may be designated as a reinvestment zone said area nmst
meet one of the following criteria:
a) Substantially impair or arrest the sound growth of the City,
retard the provision of housing accomodations or constitute
an econc~ic or social liability and be a menace to the public
health, safety, morals or welfare in its present condition and
use by reason of the presence of a substantial number of
subs~dard, slum, deteriorated, or deteriorating structures;
predominance of defective or inadequate sidewalk or street
layout; faulty lot layout in relation to size, accessibility,
or usefu~ess; unsanitary or unsafe conditions; deterioration of
site or other improvements; tax or special assessment delinquency
exceeding the fair value of the land; defective or unusual conditions
of title; the existence of conditions that endanger life or property
by fire or other cause; or any combination of these factors or
conditions.
b) Be predominantly open and because of obsolete platting, deterioration
of structures or site improvememts, or other factors, substantially
impair or arrest the sound growth of tb~ City.
c) Be in a federally assisted new conmaznity located within a hcmerule
city or- in an area i~anediately adjacent to a federally assisted new
c~nity.
d) Be located wholelywithinanarea which meets the requirements for
federal assistance under Section 119 of the Housing andCc~mmnity
Development Act of 1974.
In order for the applicant to be successful in securing tax abatement or tax
increment financing the applicant should show %hat the proposed improvements
will result in the creation of a substantial number of jobs for the low to
moderate incc~e; en~phasis should be placed on non-agricultural enterprises;
emphasis should be placed on low water usage; and it should be shown that the
tax abatement will result in a substantial econcmic stimnlus to the City of
Plainviewandthe surrounding area.
With these thoughts in mind please submit a sunm~nry of why the proposed
project should be granted tax abatement or tax increment financing.
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