R-2015-3111 - 12/3/2015 RESOLUTION NO. R-2015-3111
WHEREAS, ProPortion Foods, LLC, (herein referred to as " PPF") has expressed to the
City of Round Rock ("City") its desire to locate an office, food processing, storage and
warehouse facility in the City which will provide jobs and additional tax base to the City, and
WHEREAS, §380.001 Local Government Code provides that a municipality may
establish an economic development program ("Program") to promote local economic
development and to stimulate business and commercial activity in the municipality, 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 PPF a §380.001 Program in exchange for PPF locating an office,
food processing, storage and warehouse facility in the City, and
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 Govermment Code, as amended.
0112.1504;00347031
RESOLVED this 3rd day of December, 2015.
ALAN MCGRAW, Mayor
City of Round Rock, Texas
ATTEST:
VAW
SARA L. WHITE, City Clerk
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EXHIBIT A
ECONOMIC DEVELOPMENT PROGRAM
The terms of the §380.001 Economic Development Program to be offered to PPF in
exchange for PPF's locating an office, food processing, storage and warehouse facility in the City
of Round Rock are as generally outlined below:
1. To obtain such benefits, PPF shall:
1.1. Lease the tracts of land described as follows:
TRACT 1: Lot 1, LAKE CREEK CENTER SECTION TWO (REVISED), a
subdivision in Williamson County, Texas, according to the map or plat thereof,
recorded in Cabinet M, Slide 169 of the Plat Records of Williamson County,
Texas.
TRACT 2: Lots 2 and 3, LAKE CREEK CENTER-SECTION THREE, a
subdivision in Williamson County, Texas, according to the map or plat thereof,
recorded in Cabinet J, Slide 106 of the Plat Records of Williamson County, Texas
(the "Property").
1.2 Occupy the building located thereon as an office, food processing, storage, and
warehouse facility in the City (the "Facility").
1.3 Provide for at least $13,000,000 in Facility improvements, equipment, and
personal property to be expended in conjunction with the Project.
1.4 Provide for a total of 400 full-time employees or full-time equivalent employees
in the Facility, all of which shall be employed by PPF, its affiliate or a staffing
agency.
2. City's obligations:
2.1 City shall, subject to PPF's satisfaction of its obligations set out above, make the
Economic Incentive Payments to PPF based upon the ad valorem property taxes
on the improvements and personal property as follows:
Year Percentage of Property Tax Paid
2017 50%
2018 50
2019 50
2020 50%
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2021 50
2022 50%
2023 50%
2.2 In addition, the City shall, subject to PPF's satisfaction of its obligations set out
above, make the Additional Economic Incentive Payments to PPF as follows:
Year Amount of Annual EIP's
2017 $200,000
2018 $100,000
2019 $100,000
3. The terms and provisions of this Program will be set out in more detail in the Economic
Development Program Agreement of even date herewith
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