HomeMy WebLinkAboutResolution 1999-079B
RESOLUTION NO. 99-79
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 industry and the
expansion of existing industry, 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 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 Lots 1 & 2,
Block 1 of the Town Center Addition on maps submitted to the City by Blue Line Ice
Complex as a reinvestment zone, and;
WHEREAS, Blue Line Ice Complex has requested tax abatements for
improvements to be constructed in the reinvestment zone, and;
WHEREAS, the planned property improvements will have an estimated total value
of $10,300,000 and Blue Line Ice Complex will hire the full-time equivalent of 15
employees at the facilities on which taxes will be abated, and;
WHEREAS, the City Council finds that the request for tax abatement by Blue Line
Ice Complex 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 applicant has sufficient financial capacity to carry out the project, 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 Blue Line Ice
Complex and that no such cause was demonstrated, and;
WHEREAS, Blue Line Ice Complex has agreed to meet certain additional
requirements and provisions of abatement guidelines and criteria of Tarrant County and
any other local taxing entity which chooses to grant such an abatement.
NOW, THEREFORE BE IT RESOLVED that the City of North Richland Hills City
Council does hereby approve the application by Blue Line Ice Complex for tax abatement
associated with the improvements described in its application for such abatement, dated
December 17,1999, 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 $9.5 million of Blue
Line's investment, in accordance with the City Guidelines and Criteria, for 50% per year
for up to 6 years.
Passed by the City Council this 25th day of October, 1999.
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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 CONTENT:
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led~-Ðjrector of Economic Development
APPROVED AS TO FORM AND LEGALITY:
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Rex McEntire,! Attorney for the City
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