R-13-08-22-G2 - 8/22/2013RESOLUTION NO. R -13-08-22-G2
WHEREAS, Bass Pro Outdoor World, L.L.C. ("Bass Pro") is a well-known destination retail
sporting goods company; and
WHEREAS, Bass Pro is considering the construction of a retail sales facility in the City with a
minimum of 100,000 square feet (the "Facility"); and
WHEREAS, Bass Pro is also considering investing a minimum of $20,000,000 in real and
personal property in the City within five (5) years of opening the Facility; and
WHEREAS, Bass Pro intends to hire 175 full-time and part time employees in the City; and
WHEREAS, the City desires businesses such as Bass Pro to locate in the City; and
WHEREAS, the City is willing to consider granting certain incentives to Bass Pro if it locates
the Facility in the City; and
WHEREAS, the purpose of this Resolution is to approve an economic development program
(the "Program") as contemplated by Chapter 380 of the Texas Local Government Code whereby Bass
Pro intends to construct, develop and operate the Project, or cause the Project to be operated, in
conformance with the City's development approvals for the Project; and
WHEREAS, the City Council has determined that the Program described in Exhibit "A" will
meet the goals set forth in said §380.001 and will be of mutual benefit to both parties, Now Therefore
BE IT RESOLVED BY THE COUNCIL OF THE CITY OF ROUND ROCK, TEXAS,
That the City offers to Bass Pro a §380.001 Program in exchange for Bass Pro constructing,
developing and operating the Project, and
0112.1304; 00280668/sIs
BE IT FURTHER RESOLVED
That the offer of the Program shall be as generally outlined in Exhibit "A" attached hereto and
incorporated herein for all purposes.
The City Council hereby finds and declares that written notice of the date, hour, place and
subject of the meeting at which this Resolution was adopted was posted and that such meeting was
open to the public as required by law at all times during which this Resolution and the subject matter
hereof were discussed, considered and formally acted upon, all as required by the Open Meetings Act,
Chapter 551, Texas Government Code, as amended.
RESOLVED this 22nd day of August, 2013.
ATTEST:
KfkUi-
SARA L. WHITE, City Clerk
ALAN MCGRAW, Mayor
City of Round Rock, Texas
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EXHIBIT A
ECONOMIC DEVELOPMENT PROGRAM
The terms of the §380.001 Economic Development Program to be offered to Bass Pro Outdoor
World, L.L.C. ("Bass Pro") in exchange for Bass Pro's development of approximately 16.15 acres of
land, as a destination retail sporting goods store containing approximately one hundred thousand
(100,000) square feet of retail space, and may include related office, warehouse and restaurant space,
are as generally outlined below:
1. Bass Pro's obligations:
1.1. Bass Pro agrees to construct a retail sales facility in the City with a minimum of
100,000 square feet.
1.2. Bass Pro agrees to invest a minimum of $20,000,000 in real and personal property in
the City within five (5) years of opening the Facility.
1.3. Bass Pro agrees to hire 175 full-time and part time employees in the City.
2. City's obligations:
2.1. City agrees to waive City permit fees associated with new construction permit fees.
2.2. City agrees to expedite City approval of required permits.
2.3. City agrees to the payment by the City to Bass Pro of Sec. 380 annual program grant
payments equal to sales tax receipts generated by the Facility from the City's general
sales tax of 1% of sales.
2.4. City agrees to the aforesaid program grant payments shall not exceed $4,000,000 total
or $500,000 per year and the obligation of the City to make said grant payments shall
expire ten (10) years after the effective date of the agreement; and
2.5. The City will spend up to $500,000 for necessary infrastructure improvements to
provide utilities and/or traffic improvements to the site.
3. The terms and provisions of this Program will be set out in more detail in the Economic
Development Agreement of even date herewith.
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ROUND ROCK, TEXAS
PURPOSE IMAM PROSPERITY
City of Round Rock
Agenda Item Summary
Agenda Number: G.2
Title: Consider a resolution establishing an Economic Development Program to
encourage Bass Pro Outdoor World, LLC. to locate a retail store in the
City of Round Rock.
Type: Resolution
Governing Body: City Council
Agenda Date: 8/22/2013
Dept Director: Steve Norwood, City Manager
Cost:
Indexes:
Attachments: Resolution
Text of Legislative File 13-656
City of Round Rock Page 1 Printed on 8/19/2013