HomeMy WebLinkAboutResolution 2001-070
PROPERTY TAX ABATEMENT
RESOLUTION NO. 2001-070
WHEREAS, the economic viability of the City of North Richland Hills depends
on the City's ability to attract new investment through the location of new business
and the expansion of existing business, and;
WHEREAS, the creation and retention of job opportunities that result from new
economic development is the highest civic priority, and;
WHEREAS, the Texas Property Redevelopment and Tax Abatement Act
authorizes cities that have adopted "Guidelines and Criteria" for the designation of
reinvestment zones for the purposes of tax abatement to participate in such tax
abatement, and;
WHEREAS, the City of North Richland Hills City Council readopted such
Guidelines and Criteria by resolution on March 24, 1997 and amended them on
September 22, 1997, and;
WHEREAS, the City of North Richland Hills City Council has designated North
Hills Creek Mall, L.P. as a reinvestment zone, and;
WHEREAS, North Hills Creek Mall, L.P. has requested tax abatements for
improvements to be constructed in the reinvestment zone, and;
WHEREAS, the planned real property improvements will have an estimated
total value of $66,000,000 and upon completion of Mall Expansion, North Hills Creek
Mall, L.P. will retain 379 jobs and bring an additional 321 jobs to the City of which
138 are full-time at the façilities on which taxes will be abated, and;
WHEREAS, the City Council finds that the request for tax abatement by North
Hills Creek Mall, L.P. meets the applicable City Guidelines and Criteria, adopted
March 24, 1997 (and amended September 22, 1997), and requirements of the Texas
Property Redevelopment and Tax Abatement Act, and;
WHEREAS, the City Council finds that the approval of the proposed tax
abatement will not have a substantially adverse effect on the provision of government
services or tax base, that the planned use of the property does not constitute a
hazard to public safety, health or morals, and that the planned use of the property
does not violate other codes or laws, and;
WHEREAS, the City Council has held a public hearing in compliance with the
City Guidelines and Criteria to provide other affected jurisdictions with an opportunity
to show cause to the City Council for denying the application for tax abatement by
North Hills Creek Mall, L.P. and that no such cause was demonstrated.
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PROPERTY TAX ABATEMENT
RESOLUTION NO. 2001-070
WHEREAS, the economic viability of the City of North Richland Hills depends
on the City's ability to attract new investment through the location of new business
and the expansion of existing business, and;
WHEREAS, the creation and retention of job opportunities that result from new
economic development is the highest civic priority, and;
WHEREAS, the Texas Property Redevelopment and Tax Abatement Act
authorizes cities that have adopted "Guidelines and Criteria" for the designation of
reinvestment zones for the purposes of tax abatement to participate in such tax
abatement, and;
WHEREAS, the City of North Richland Hills City Council readopted such
Guidelines and Criteria by resolution on March 24, 1997 and amended them on
September 22, 1997, and;
WHEREAS, the City of North Richland Hills City Council has designated North
Hills Creek Mall, L.P. as a reinvestment zone, and;
WHEREAS, North Hills Creek Mall, L.P. has requested tax abatements for
improvements to be constructed in the reinvestment zone, and;
WHEREAS, the planned real property improvements will have an estimated
total value of $66,000,000 and upon completion of Mall Expansion, North Hills Creek
Mall, L.P. will retain 379 jobs and bring an additional 321 jobs to the City of which
138 are full-time at the façilities on which taxes will be abated, and;
WHEREAS, the City Council finds that the request for tax abatement by North
Hills Creek Mall, L.P. meets the applicable City Guidelines and Criteria, adopted
March 24, 1997 (and amended September 22, 1997), and requirements of the Texas
Property Redevelopment and Tax Abatement Act, and;
WHEREAS, the City Council finds that the approval of the proposed tax
abatement will not have a substantially adverse effect on the provision of government
services or tax base, that the planned use of the property does not constitute a
hazard to public safety, health or morals, and that the planned use of the property
does not violate other codes or laws, and;
WHEREAS, the City Council has held a public hearing in compliance with the
City Guidelines and Criteria to provide other affected jurisdictions with an opportunity
to show cause to the City Council for denying the application for tax abatement by
North Hills Creek Mall, L.P. and that no such cause was demonstrated.
1
PROPERTY TAX ABATEMENT
RESOLUTION NO. 2001-070
WHEREAS, the economic viability of the City of North Richland Hills depends
on the City's ability to attract new investment through the location of new business
and the expansion of existing business, and;
WHEREAS, the creation and retention of job opportunities that result from new
economic development is the highest civic priority, and;
WHEREAS, the Texas Property Redevelopment and Tax Abatement Act
authorizes cities that have adopted "Guidelines and Criteria" for the designation of
reinvestment zones for the purposes of tax abatement to participate in such tax
abatement, and;
WHEREAS, the City of North Richland Hills City Council readopted such
Guidelines and Criteria by resolution on March 24, 1997 and amended them on
September 22, 1997, and;
WHEREAS, the City of North Richland Hills City Council has designated North
Hills Creek Mall, L.P. as a reinvestment zone, and;
WHEREAS, North Hills Creek Mall, L.P. has requested tax abatements for
improvements to be constructed in the reinvestment zone, and;
WHEREAS, the planned real property improvements will have an estimated
total value of $66,000,000 and upon completion of Mall Expansion, North Hills Creek
Mall, L.P. will retain 379 jobs and bring an additional 321 jobs to the City of which
138 are full-time at the façilities on which taxes will be abated, and;
WHEREAS, the City Council finds that the request for tax abatement by North
Hills Creek Mall, L.P. meets the applicable City Guidelines and Criteria, adopted
March 24, 1997 (and amended September 22, 1997), and requirements of the Texas
Property Redevelopment and Tax Abatement Act, and;
WHEREAS, the City Council finds that the approval of the proposed tax
abatement will not have a substantially adverse effect on the provision of government
services or tax base, that the planned use of the property does not constitute a
hazard to public safety, health or morals, and that the planned use of the property
does not violate other codes or laws, and;
WHEREAS, the City Council has held a public hearing in compliance with the
City Guidelines and Criteria to provide other affected jurisdictions with an opportunity
to show cause to the City Council for denying the application for tax abatement by
North Hills Creek Mall, L.P. and that no such cause was demonstrated.
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NOW, THEREFORE BE IT RESOLVED that the City of North Richland Hills
City Council does hereby approve the application by North Hills Creek Mall, LP. for
tax abatement associated with the improvements described in its application for such
abatement, dated November 8,2001 and;
BE IT FURTHER RESOLVED that the City of North Richland Hills City Council
does hereby authorize the City Manager to execute the contract and other
documents, as necessary, to implement an agreement for the abatement of taxes on
$66,000,000 million of North Hills Creek Mall, LP. investment in accordance with the
Guidelines and Criteria.
Passed by the City Council this 10TH day of December, 2001.
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Charles Scoma",Mayor
City of North Richland Hills, Texas
ATTEST:
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Patricia Hutson, City Secretary
APPROVED AS TO FORM AND LEGALITY:
Rex McEntire, Attorney for the City
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