The URL can be used to link to this page

Home My WebLink AboutResolution 1992-025 -~ RESOLUTION NO: 92-25 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 adopted such guidelines and criteria by resolution on May 11, 1992, and; WHEREAS,1;.he City of North Richland Hills City Council has designated LöE 1 - Block 2, Industrial Park Addition and Lot 5, N.R.H. Industrial Park Addition on maps submitted to the City by Tecnol Medical Products, Inc., as reinvestment zones, and; WHEREAS, Tecnol Medical Products, Inc. has requested tax abatements for improvements to be constructed in the reinvestment zones, and; WHEREAS, the planned property improvements will have an estimated total value of $1,500,000 and Tecnol Medical Products, Inc. will hire a minimum of 75 additional permanent, full-time employees at the facilities on which taxes will be abated, and; WHEREAS, the City Council finds that the request for tax abatement by Tecnol Medical Products, Inc., meets the applicable City Guidelines and Criteria, adopted May 11, 1992, 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 Ci ty Council for denying the application for tax abatement by Tecnol Medical Products, Inc., and that no such cause was demonstrated. NOW, THEREFORE BE IT RESOLVED that the City of North Richland Hills City Council does hereby approve the application by Tecnol Medical Products, Inc. for tax abatement associated with the improvements described in its application for such abatement, dated March 26, 1992, 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 the tax abatement agreement in accordance with the City Guidelines and Criteria. Tommy Brown, yor City of North Richland Hills, Texas ATTEST: ~ .~ ~" ~~ ¡- > ~,() c-,. !"' :: lS'I'3 tto ''I'dI~lNnH :: :¡:i ~" ~: 0 0 c:1. u.I \\ ct. .-i S I- 'Z. u.I U U ~ "::> ~ U " :i [¡~ g: ~ "J<J ~ ..~ ~ ~ ~~ ~": ~ '<) )/' , N I ::1 ;:. I ~ N I I ~ 153M tjO ''I'dI~INnH ? ~ (ft ~ :s:. ct. 'Z. ;,' '" '"' '.) c:i '" \fI""C"'I WW'" t=: ;-";P"" 4.0:.... ? .,....;~'.... :: ;. I I ' I - I I I ~ dL N U ~; ¡: . II I: .J .J ~ :s:. K1 ;» !!~ ~ I ~~~ - cx::J f- ..... cx::J ..... ::I: X lLJ = i I ~.~ iii: ,.. ..., -~ -to _c ~~ ..c c- _C aa~ .." ~.::I .... ::I ~ CJ:: }C+I ZinC: ~. ..liJ:: C,,'" -.. "L. ,.." _ J:: IIC", _J::C C~ .. ,. ...u 'Cu. 11_" _,,::I i~~ aõ- u .. _ø ... ...... ~_c: .11 a..... .ac: aaa ,," u ... II ..C" .... OI" -.... ".c ......- _L___ ¡Z- ., ¡NO· AS! N~r\e þ.~1< litO TRACT 2 AU 3.SI13 I AU' 5 !II A'~ - -~.- -:t.if Rt~ Atf sA TAAC1 S Atf .. 2~ Rt nw:t .., AI ~~. ytl As AS AS TRACT 38 I A2 .74 . I A2 I A2 I nw:t ... I I 1. srn . A2 TRACT I II< ]A I I .568 I , I ... ~t:Sí Oft. ý e r\ 1..1 St:C. 00 I , __,~ J I I \ "t I I - 0 115 I~ 'Z t:1GrI ¡to s i~ ,ã. N ~. G I MEADOW Cf I \ a: c a: \ _tll ~ ..J ... " ~ _III ... 5 i'1 Cl.t ..¡ Mi ·':1 ~I ;;¡;:¡ ~ ~ ·H:H· ~r:-: ' BRONNING CT II S.1.81,@ 3 5/11.1 ~19 I TA _ 23. S2 AI: 11'lG ~t:DtJtvt:~ S,._a9 SA 4 8A(MIH& DR tRIAt SR2ft.ctN lA-ill ,..::......- 3A TASID 10.73 At \ 3 3.516 At 2 3.08 ~ , - _\- - - ------- ------ I I '" 1 ~~ \) II 8101'1 I s08"'175 þ.' ír\t: þ.PP .--.:..- GØJ 1 SA ß~ c::> ~ ~ -¡JR~N V"~v£'i J ~ SÙr'15aa ".- TR SA TR u ~ TA 18 TR 18 35 211 /6 ~ ,8 SlIIt S_ SIIU IA 1 !II SNO~N ~ AM#« AIPII'IIWSAD- DlSlfmC1 Thl8 t.X ..p w.. cp~ll.d .olely far the use of T.rr.nt ~pr.I..1 DIstrIct wha ........ no respon.lblllty far the can~ent or .ccur.cy oth.r th.n the use Intend.O. w. s "EXHIBIT A"