the importance of its role in local economic business operations that these business operations pursuant

Transcription

1 WHEREAS, City development; recognizes COUNCIL CHAMBER 27, 2018 importance its role in local economic WHEREAS, it is in interest City relocations economic vitality employment opportunities Dallas residents; expansions business operations Dallas to within city Dallas bring for support that se business operations secure WHEREAS, on 14, 2016, to Resolution No , City Council: (1) authorized continuation its Public/Private Program - Guidelines Criteria, which certain guidelines criteria for City incentive for private projects; (2) for making loans public money to promote local to stimulate commercial activity in City Dallas to Economic Development provisions 380 Local Government Code; December programs grants business Programs established pursuant development under Chapter Partnership use established programs economic development pursuant Texas WHEREAS, on 27, 2018, to Title 12 Local Government Code, Section 378 ( Act ), City City Dallas Neighborhood Empowerment Zone No. 6 ( City Dallas NEZ No. 6 ); pursuant created WHEREAS, Title 12 Local Code, Section municipalities to into municipal property on property in to duration limits Section , Tax Code; zone subject enter Government agreements abating empowers taxes WHEREAS, WWF Company, LLC to a new production at a facility within City Dallas NEZ No. 6, promoting economic development, job creation, activity in zone; Operating increased business proposes WHEREAS, City to into a with WWF Company, LLC for property located within City Dallas NEZ No. 6 furr legal description B. agreement bounds desires Operating enter attached as Exhibit as added establish reby property tax value to by described business segment metes personal Now, Therefore, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF DALLAS:

2 SECTION 1. That City is to sign a property tax with WWF Operating Company, LLC, to form by City Attorney s Office, for value to with Act City s Public/Private Program - Criteria. accordance Manager hereby authorized added SECTION 2. That approval execution tax City is not conditional upon approval execution any by any or taxing entity. agreement SECTION 3. That property ( Property ) will be located within City Dallas NEZ No. 6 site map A (Map) legally in attached Bounds). Exhibit as COUNCIL CHAMBER 27, 2018 approved as Partnership described or tax subject Exhibit property in Guidelines by to as depicted B on tax (Metes SECTION 4. That tax following: shall provide, among or provisions, (a) The Property to tax Dallas NEZ No. 6, City Dallas, subject Texas. shall be located entirely within City (b) (c) None Property City Council Commission. The City s zoning with subject development/installation general purpose reinvestment zone ordinance during to tax is owned or City Dallas or by a member leased Property shall conform to all that Property shall be or period tax is in effect. use encouraging development by a member City Plan requirements redevelopment consistent in (d) The City shall provide WWF Operating Company, LLC a 50 value to property for a period five property located within City Dallas NEZ No. 6 in B The tax on or 1, added described commence Exhibit before January (Metes Bounds). percent as years for legally shall (e) That in during any required to in tax order for WWF year document Operating Company, LLC to receive tax WWF Operating Company, LLC shall be certify annually its with outlined by April 15 agreement, compliance each year terms agreement.

3 COUNCIL CHAMBER 27, 2018 SECTION 4. (continued) (f) (g) (h) (i) (j) (k) (I) (m) The proposed project shall result in WWF Operating Company, LLC s minimum investment $1,500,000 by April 15, 2019 to decommission, pack, move machinery equipment to 3400 Dan Morton Drive within City Dallas NEZ No. 6. The proposed project shall result in WWF Operating Company, LLC s installing machinery equipment with a minimum added taxable value $5,000,000 by April 15, 2019 at 3400 Dan Morton Drive within City Dallas NEZ No. 6. The proposed project shall result in WWF Operating Company, LLC s minimum investment $1,000,000 (any combination real property improvements furniture/fixtures) by April 15, 2019 to renovate existing building at 3400 Dan Morton Drive within City Dallas NEZ No. 6. WWF Operating Company, LLC shall create a minimum (45 net new full-time equivalent (FTE) jobs with a minimum average hourly wage $18.66 (excluding benefits) by April 15, 2019 at 3400 Dan Morton Drive within City Dallas NEZ No. 6. WWF Operating Company, LLC shall hold a minimum two job fairs by April 15, 2019 at locations in city Dallas approved by Director Office Economic Development to facilitate recruitment hiring residents city Dallas. WWF Operating Company, LLC shall also engage in best efforts coordination with Workforce Solutions Greater Dallas to facilitate recruitment hiring qualified veterans. WWF Operating Company, LLC shall ensure that a minimum 20% 45 net new FTE jobs created at 3400 Dan Morton Drive within City Dallas NEZ No. 6 (in or words, at least 9) are filled by residents city Dallas. WWF Operating Company, LLC shall maintain minimum 45 net new FTE jobs at 3400 Dan Morton Drive within City Dallas NEZ No. 6 for term. WWF Operating Company, LLC shall provide written quarterly reports to Office Economic Development on progress in satisfying conditions.

4 COUNCIL CHAMBER 27, 2018 SECTION 4. (continued) (n) (o) (p) The Director Office Economic Development may, at his sole discretion, any material in tax for a period up to 12 for just extend months cause. date That a proportionate property tax a result tax will be by City if WWF Operating Company, LLC is in default provided by tax agreement. percentage recaptured terms as revenue foregone as That to 3400 Dan Morton Drive within City Dallas NEZ No. 6 shall be provided by WWF Operating Company, LLC to allow for inspection by City ficials to improvements according to specification tax access inspectors made ensure that terms investments are. (q) That Dallas City Council may Operating Company, LLC fails to comply with terminate or modify agreement. agreement if WWF (r) That tax Company, LLC by assignment shall only be City s Director shall be to WWF Operating upon written approval Office Economic Development. assignable personal SECTION 5. That this resolution with provisions so resolved. accordance take Charter effect immediately from after its in City Dallas, it is accordingly passage APPROVED BY CITY COUNCIL JUN CITY SECRETARY

5 Exhibit A Neighborhood Empowerment Zone (NEZ) No. 6 I 8100Q.

6 (Metes Bounds Legal Description) Neighborhood Empowerment Zone (NEZ) No. 6 Tract I: Being situated in John J. Metcalf Survey, Abstract No. 885, being all Lot 1, Block 1/8024 Seventh Section Redbird Industrial Park West, an Addition to City Dallas, Texas, according to Plat recorded in Volume 79226, Page 2086, Map Records Dallas County, Teas, being same property conveyed to Americana Foods Limited Partnership, by Deed recorded in Volume , Page 10220, Deed Records, Dallas County, Texas, being more particularly described by metes bounds ad follows: BEGTNNLNG at a /2 inch iron rod found for corner at Norast corner said Lot 1 common Souast corner Lot 2 said Seventh Section Redbird Industrial Park West, said point being feet South South line W. Kiest Boulevard (120 foot right--way) also being 2,450 feet West centerline Duncanville Road; THENCE 5 00 degrees 15 minutes 50 seconds East, along West line a tract l conveyed to Americana Foods Limited Partnership by Deed recorded in Volume , page 10239, Deed Records, Dallas County, Texas, a distance 1, feet to a /2 inch iron rod set with yellow plastic cap stamped DCA INC. for corner beginning a curve to left having a delta angle 07 degrees 09 minutes 09 seconds, a radius feet a chord that bears North 03 degrees 50 minutes 25 seconds West, a chord length feet; THENCE along said curve to left, an arc length feet to a /2 inch iron rod set with yellow plastic cap stamped DCA INC. for corner; THENCE North 07 degrees 25 minutes 00 seconds West along Norast line a 34 foot easement conveyed to Atchison, Topeka & Santa Fe Railway Company, a distance feet to beginning a curve to left having a delta angle 82 degrees 07 minutes 11 seconds, a radius feet a chord that bears North 48 degrees 28 minutes 35 seconds West, a chord length feet; THENCE along said curve to left, an arc length feet to a /2 inch iron rod found for corner; THENCE North 89 degrees 49 minutes 55 seconds West (North 89 degrees 32 minutes 10 seconds West per recorded plat), a distance 0.69 feet to a /2 inch iron rod found for corner, said corner lying East right--way line Dan Morton Drive (64 foot public right--way); THENCE North 00 degrees 15 minutes 50 seconds West, along said East right--way line Dan Morton Drive, a distance to a /2 inch iron rod found for corner at beginning a curve to right having a delta angle 05 degrees 47 minutes 04 seconds, a radius feet, a chord that bears North 02 degrees 37 minutes 42 seconds East, a chord length feet; THENCE along said curve to right, an arc length feet to an X set in concrete for corner at Southwest corner Lot 2 said Block 1/8024 Seventh Section Redbird Industrial Park West; THENCE North 89 degrees 44 minutes 10 seconds East, along South line said Lot 2, a distance feet to POINT OF BEGINNING containing 417,698 square feet or acres l.

7 Tract II: Being a tract l situated in John J. Metcalf Survey, Abstract No. 855, being all Lot 2, Block 1/8024 Seventh Section Redbird Industrial Park West, an Addition to City Dallas, Texas, according to plat recorded in Volume 79226, Page 2086, Map Records Dallas County, Texas, being same tract l conveyed to Americana Foods Limited Partnership, by Deed recorded n Volume , Paged 10231, Deed Records, Dallas County, Texas, being more particularly described by metes bounds as follows: BEGINNING at a /2 inch iron rod found for corner on North end a corner clip at intersection south line W. Kiest Boulevard (State Highway Spur 303) (120 foot public right--way) East right--way line Dan Morton Drive (64 foot public right--way), said corner also being Norrn most Northwest corner said Lot 2, Block 1/8024; THENCE South 89 degrees 48 minutes 27 seconds East, along said South right--way line W. Kiest Boulevard, a distance feet to a V2 inch iron rod found for corner, said corner being Norast corner said Lot 2 common Northwest corner a tract l conveyed to Americana Foods Limited Partnership, by Deed recorded in Volume , Page 10239, Deed Records, Dallas County, Texas; THENCE South 00 degrees 15 minutes 50 seconds East, departing said South right--way line W. Kiest Boulevard, along East line said Lot 2, a distance feet to a 1/2 inch iron rod found for corner, said corner being Norast corner Lot 1 said Block 1/8024 The Seventh Section Redbird Industrial Park West; THENCE South 89 degrees 44 minutes 10 seconds West, along North line a said Lot 1, a distance fo feet to an X set in concrete for corner, said corner lying in said East right--way line Dan Morton Drive a curve to right having a delta angle 18 degrees 54 minutes 32 seconds, a radius feet chord that bears North 14 degrees 58 minutes 30 seconds East, a chord length feet; THENCE along said curve to right, an arc length feet to a V2 inch iron rod found for corner, said corner being beginning a reverse curve to left having a delta angle 24 degrees 14 minutes 25 seconds, a radius feet, chord that bears North 12 degrees 18 minutes 34 seconds East, a chord length feet; THENCE along said reverse curve ot left, an arc length feet to V2 inch iron rod found for corner; THENCE North 45 degrees 11 minutes 00 seconds East, along said corner clip, a distance feet to POINT OF BEGINNING containing 189,119 square feet or acres l.