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R-99-06-10-10D1 - 6/10/1999WHEREAS,the City Council, on the 14th day of September, 1995, in Ordinance No. G- 95- 09- 14 -9Q, created the Downtown Reinvestment Zone in the City of Round Rock, Texas, and WHEREAS, in accordance with Chapter 312, Tax Code, V.A.T.S. as amended, the City desires to enter into a tax abatement agreement with Marc Bergeron, regarding property located in said Downtown Reinvestment Zone, and WHEREAS, the Council has determined that all requirements of the guidelines and criteria adopted by Ordinance No. G- 95- 09 -14 -9P have been complied with, Now Therefore BE IT RESOLVED BY THE COUNCIL OF THE CITY OF ROUND ROCK, TEXAS That the Mayor is hereby authorized and directed to execute on behalf of the City a Tax Abatement Agreement with Marc Bergeron. 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, and the Act. RESOLVED this 10th day of June an IL' E LAND, City Secretary K: \WPDOCS \RESOLUTI \R90610D1.WPD /, y RESOLUTION NO. R- 99- 06- 10 -10D1 • cm, ,'L ROBA. STLUKA, 1., Mayor City of Round Rock, Texas THE STATE OF TEXAS COUNTY OF WILLIAMSON TAX ABATEMENT AGREEMENT This Tax Abatement Agreement ( "Agreement ") is entered into by and between the City of Round Rock, Texas, a home rule city and municipal corporation of Williamson County, Texas, duly acting herein by and through its Mayor, hereinafter referred to as "City "; and Marc Bergeron, hereinafter referred to as "Owner ". RECITALS WHEREAS, on the 14th day of September, 1995, the City Council, adopted Ordinance No. G- 95- 09 -14 -9Q establishing the Downtown Reinvestment Zone, (the "DRZ "), City of Round Rock, Texas for residential /commercial tax abatement, hereinafter referred to as "Ordinance No. G- 95- 09- 14 -9Q ", as authorized by Chapter 312, Tax Code, V.A.T.S. as amended, hereinafter referred to as the "Code "; and WHEREAS, the City has adopted Ordinance No. G- 93- 12- 09 -9G, and amended said Ordinance in Ordinance No. G- 95- 09- 14 -9P, which Ordinance adopted appropriate guidelines and criteria governing reinvestment zones and tax abatement agreements to be entered into by the City as contemplated by the Code; and WHEREAS, the contemplated use of the Premises (as hereinafter defined) and Improvements (as hereinafter defined) as well as the terms of this Agreement are consistent with encouraging conservation and protection of said DRZ in accordance with the purposes for its creation and are in compliance with Ordinance No. G- 95- 09 -14 -9P and the guidelines and criteria adopted by the City and all applicable laws; and WHEREAS, the Improvements constitute an investment within the DRZ that will increase the appraised value of the Premises within the zone; and WHEREAS, the City finds that there will be no substantial adverse effects on the provision of governmental services or on its tax base and that the planned use of the Premises will not constitute a hazard to public safety, health, or welfare, NOW THEREFORE, the parties hereto do mutually agree as follows: 1. Property Subject to Agreement. The property to be the subject of this Agreement shall be a tract or parcel of land located within the DRZ which tract or parcel is more fully described in Exhibit "A" which is made a part hereof and shall be hereinafter referred to as the "Premises." 2. Application for Tax Abatement. The Owner agrees and covenants that the attached application for tax abatement (Exhibit "B ") is a part H: \TE %T \CORK \ER2 \BERGERON, WPO /ctic 1 of this Agreement, and Owner further warrants that the information provided in that application is true and correct. If any materially false or misleading information is provided in said application, City shall have the discretion to declare this Agreement to be in default and City shall be entitled to the remedies provided for in Paragraph 5. 3. Portion of Taxes Abated. Subject to the terms and conditions of this Agreement, and subject to the rights of the holders of any outstanding bonds of the City, a portion of ad valorem real property taxes from the Premises otherwise owed to the City shall be abated. City hereby acknowledges that it is not aware of any terms or conditions of any outstanding bonds which would invalidate this Agreement. Said abatement shall be an amount equal to the below- stated percentages assessed upon the increased value of the Premises and Improvements over the value in the year in which this Agreement is executed, in accordance with the terms of this Agreement and all applicable state and local regulations. CHECK APPLICABLE BOX: For new construction on a vacant lot, the City will grant a five (5) year tax abatement for 750 of the increased value of the Premises and Improvements over the value in the year in which this Agreement is executed. Additionally, the City will waive all water and wastewater impact fees. ❑ For renovations and additions to existing structures, the City will grant a ten year tax abatement as described above for 1000 of the increased value of the Premises and Improvements over the value in the year in which this Agreement is executed. ❑ Any structure, including real property, whose appraised value according to the Williamson County Appraisal District, is less than $30,000 for one year previous to the year in which an abatement is sought, is eligible for tax abatements under this Agreement without achieving the required points in the appropriate Checklist. 4. Right of Inspection. The Owner further agrees that the City, its agents and employees shall have the right to enter upon the Premises at any reasonable time 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 to determine whether the Premises are thereafter maintained and operated in accordance with this Agreement and all applicable Federal, state, and local laws, ordinances, and regulations. 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 2 Owner written notice of such violation. For the purposes of this Agreement, the Owner shall have ten (10) days from the date of the notice to cure or remedy such violation. If the Owner fails or refuses to cure or remedy the violation within the ten (10) day period, the Owner 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. In addition, the failure or refusal to cure or remedy the aforesaid violation shall be considered a default of this Agreement under Paragraph 5. 5. Events of Default. In the event that (1) the Improvements for which an abatement has been granted are not completed in accordance with this Agreement or (2) Owner allows its ad valorem taxes owed the City 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) Owner breaches any of the terms or conditions of this Agreement, then this Agreement shall be in default. In the event that the Owner defaults in its performance of (1), (2), or (3) above, then the City shall give the Owner written notice of such default and if the Owner has not cured such default within thirty (30) days of said written notice, this Agreement may be terminated by the City by written notice to Owner. Such notice shall be in writing and shall be delivered by personal delivery or certified mail to: Marc Bergeron 1104 Quail,Lane Round Rock, 78681 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 (without the addition of penalty, but interest will be charged at the statutory rate for delinquent taxes as determined by Section 33.01 of the Tax Code) shall become a debt owed by Owner to the City and shall be due, owing and paid to the City within sixty (60) days of the expiration of the above mentioned applicable cure period. The City shall have all remedies for the collection of the recaptured tax revenue as provided generally in the Tax Code for the collection of delinquent property taxes. 6. Miscellaneous Provisions. a) City representations. The Owner represents and warrants that the Premises do not include any real property that is owned or leased by a member of its respective council or by a member of the Planning and Zoning Commission of the City. b) Agreement binds successors. The terms and conditions of this Agreement are binding upon the successors and assigns of all parties hereto. c) Owner acting independently. It is understood and agreed between the parties that the Owner, in performing 3 e) Venue. This Agreement is performable in Williamson County, Texas, and venue for any suit arising hereunder shall be in William i s County, Texas. Witness our hands this 1 D J day of L , 19 ATTEST: J NNE LAND, its obligations hereunder, is acting independently, and the City and County assume no responsibilities or liabilities in connection therewith to third parties. d) Owner's Indemnity. During the term of this Agreement, Owner agrees to indemnify and hold City and County harmless from any and all kinds of claims, losses, damages, injuries, suits, or judgments which may accrue to Owner, City, County, or third parties arising out of this Agreement. City Secretary CITY OF ROUND ROCK, TEXAS 4 EXHIBIT "A" Page 1 of 1 Property Description Lot 1, BERGERON SUBDIVISION, a subdivision in the City of Round Rock, Williamson County, Texas, according to the map or plat thereof recorded in Cabinet Q, Slide 228, Plat Records of Williamson County, Texas. 5 1. Property is within the Downtown Reinvestment Zone. 2. Cost of construction/renovation Downtown Reinvestment Zone requirements — Include cost figures and/or % of value. 3. Structure meets architectural checklist. 4. City Council approval date: Notes: Yes $ 272,892 Yes 6/10/99 RFF- 17,-_95'= 1 Ott 1. Owner /Applicant: 2. Address of structure: 3. Date of application: 4 Type of construction: (b) Residential 5. Williamson County appraised value for year of application: 6. Estimated value of construction: 7. pttachments Included: (a),Copies of receipts showing cost of work completed or itemized list of cost. Signature CITY OF FOLND ROCI`'. 5_221e7097 F.02'02 Exhibit "B" Tax Abatement Application Downtown Reinvestment Zone, City of Round Rock / ,c / c R N. 14 71 b / 5 Phone Number. (/4 Circle either "commerclar or "residential 'and check either "renovation" or now construction ". Renovation: New construction: Renovation: New construction: ib) Architectural checklist. (c) "Before" and "After photographs for renovation projects. Date: $ - 7e; , 116 7 $ '_ Planning and Co m unity Development approval (to be completed by P &CD) G:MdoMOCVrM[wn_RLEVNd1 B_DRZ 3 '5 /ii)cA RFC l /E.: APR 15 1999 CITY OF RCUN ROCK PLANT.iiNC, DEPAR T MEN TOTAL F.02 Date: June 4, 1999 Subject: City Council Meeting - June 10, 1999 Item: 10.D.1. Consider a resolution authorizing the Mayor to execute a tax abatement agreement with Marc Bergeron for property located at 408 N. Mays in the Downtown Reinvestment Zone. (Lifetime Vision Care) Staff Resource Person: Joe Vining, Planning Director. This application is being submitted under the guidelines set forth for the Downtown Reinvestment Zone. This agreement grants a five -year abatement for 75% of the increased value of the premises and improvements over the value set in 1999. Using the current ad valorem tax rate of .385 for calculation, the estimated tax abatement during the term of this contract is as follows: Estimated value of premises & construction improvements: 347,308 WCAD appraised value (base to use annually): 74,416 Increased value eligible for tax abatement: 272,892 Estimated annual abatement: $272,892/$100 = 2728.92 X 75% X .385 787.98 Five Year estimated abatement: 3939.88 CITY OF ROUND ROCK Mayor Robert A. Stluka, Jr Mayor Pro -tem Martha A. Chavez Council Members Tom Nielson Earl M. Hairston Rick Stewart Earl Palmer Jimmy Joseph City Manager Robert L Bennett, Jr. City Attorney Stephan L Sheets October 7, 1999 Dr. Marc Bergeron 1104 Quail Lane Round Rock, Texas 78681 Dear Dr. Bergeron. The Round Rock City Council approved Resolution No. R- 99- 06- 10 -10D1 at their regularly scheduled meeting on June 10, 1999. This resolution approves the Tax Abatement Agreement concerning your property located in the Downtown Reinvestment Zone. Enclosed is a copy of the resolution and agreement for your files. If you have any questions, please do not hesitate to contact Joe Vining at 218 -5415. Sincerely, Joanne Land Assistant City Manager/ City Secretary Enclosures Fax: 512 -218 -7097 1 -800- 735 -2989 TDD 1 -800- 735 -2988 Voice www.ci.round- rock.tx.us 221 East Main Street Round Rock, Texas 78664 512- 218 -5400