HomeMy WebLinkAboutR2014-016S:\Legal\Our pocuments\Resolutions\14\Resolution Adopting Tax Abatement and Incentive Poliey.doex
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WHEREAS, on May 1, 2001, the City Council amended the Policy to allow waiver of the
five million dollar threshald and the maximum tax abatement percentage; to define professianal
positions; to make other changes as set farth in the amended Policy; and
WHEREAS, on August 19, 2003, the City Council amended the Palicy to make
additional changes in the Policy and under the provisions af the Tax Code the Policy expired on
August 19, 2005; and
WHEREAS, on December 6, 2005, the City Council amended the Policy to make
additional changes in the Policy and under the provisions of the Tax Code the Policy expired on
August 19, 2005; and
WHEREAS, in accordance with Chapter 312 of the Texas Tax Cade requiring that tax
abatement policies be adopted every two years, the Policy was adopted on February 5, 2008; and
WHEREAS, on April 20, 2010, the City Council extended the Policy to make changes in
the Policy and under the provisions of the Tax Code the Policy expired on February 5, 2010; and
WHEREAS, on April 17, 2012, the City Council amended the Policy to make additional
changes in the Policy and under the provisions of the Tax Code the Policy expired on April 17,
2014; and
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' S:\Legal\Our pocuments\Resolutions\14\Resolution Adopting Tax Abatement and Incentive Policy.docx
WHEREAS, the City Council deems it in the public interest to continue to be eligible for
participation in tax abatement and to adopt policies, guidelines and criteria governing tax
abatement agreements to be known as the Denton Policy for Tax Abatement and Incentives;
NOW, THEREFORE,
THE COUNCIL OF THE CITY OF DENTON HEREBY RESOLVES:
SECTION 1. The polices, guidelines and criteria found in the Denton Policy for Tax
Abatement and Incentives, attached hereto as Exhibit A and made a part of this Resolution and
incorporated herein for all purposes, are in all things approved and adopted. From and after the
effective date of this Resolution, the attached Denton Policy for Tax Abatement and Incentives
shall. constitute policy guidelines and criteria governing tax abatement agreements for the City of
Denton in accordance with Chapter 312 of the Tex. Tax Code.
SECTION 2. Pursuant to Tex. Tax Code Section 312.002(c) the guidelines and criteria
adopted herein shall be effective for two (2) years, during which time the guidelines may be
amended or repealed by a vote of 3/ 4 of the members of the Council.
SECTION 3. The City Council hereby reasserts its decision to become eligible to
participate in tax abatement. The City Council provides certain tax incentives applicable to
business enterprises in various reinvestment zones which are established in the City, in
accordance with the applicable provisions of Chapter 312 of the Tex. Tax Code and in
accordance with the guidelines and criteria established in the attached Exhibit A and in the
amended Policy.
SECTION 4. This Resolution shall become effective immediately upon its passage and
approval at the regular meeting of the City Council of the City of Denton, Texas, on the 6th day
of May, 2014, at which meeting a quorum was present and which meeting was held in
accordance with the provisions of Tex. Gov.' t Code § 551. 001, et seq.
PASSED AND APPROVED this the 6th day of �'��y, ;?014,
. BURRC�C.?GHS, MAYOR
ATTEST:
JENNIFER WALTERS, CITY SECRETARY
�
BY: �� ,r�
APPROVED AS TO LEGAL FORM:
ANITA BURGESS, CITY ATTORNEY
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2014 Tax Abatement Po(icy EXillblt A
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I. GENERAL PURPOSE AND OBJECTIVES
The City of Denton (City) is committed to the promotion of high quality development in all parts of
the city and to an ongoing improvement in the quality of life for its citizens. Insofar as these
objectives are generally served by the enhancement and expansion of the local economy, the City
will, on a case-by-case basis, give consideration to providing tax abatement or other incentive as a
stimulus for economic development in Denton. It is the policy of the City that said consideration will
be provided in accordance with the procedures and criteria outlined in this document. Nothing herein
shall imply or suggest that the City is under any obligation to provide an incentive to any applicant.
All applicants shall be considered on a case-by-case basis. Incentives will not be considered if
construction of a project already has begun.
Tax abatements, as described in this Policy, will be available for businesses wanting to locate, expand or
modernize, existing or new facilities and structures, including, without limitation, basic industries,
corporate office headquarters or distribution centers, except as this Policy may be limited for property
described in Section 312.211(a) of the Texas Property Tax Code (Vernons Texas Civil Statutes
Annotated, hereinafter referred to as "Tax Code.")
In addition to tax abatements, the City may provide alternative or additional incentives to businesses
utilizing its authority under Chapter 380 of the Texas Local Government Code (hereinafter referred to as
"Chapter 380.") Chapter 380 of the Texas Local Government Code states that a municipality may
establish and provide for the administration of one or more programs for making loans and grants of
public money and providing personnel and services of the municipality, to promate state or local
economic development and to stimulate business and commercial activity in the municipality.
The City of Denton will consider, on a case-by-case basis, the use of grants and loans as incentives to
accomplish one or more of the following economic development objectives:
• Development and diversification of the economy
• Elimination of unemployment or underemployment
• Expansion of transportation or commerce
• Attraction of major investment
• Expansion of primary employment
• 5timulation of agricultural innovation
The City of Denton may establish targeted incentive programs to accomplish one or more of the above
objectives. Such programs could include, but are not limited to:
• Targeted industry cluster or supply chain recruitment initiatives
• Capital grants or loans for start-up and small businesses to promote entrepreneurship
• Special incentive programs within certain boundaries of the City in order to promote infill
redevelopment and attract businesses that meet pre-determined desirable criteria
• Grants to offset costs associated with public infrastructure improvements and/or impact fees
• Cash incentives to gain a competitive position when in direct competition for a project
2014 Tax Abatement Policy
� I 1 �" '.' • , ��, •��
Requests for tax abatement or other incentives shall be reviewed by the Economic Development
Partnership (EDP) board, on a case-by-case basis unless otherwise directed by City Council, the EDP
board being comprised of two City Council members, two Chamber of Commerce board members, two
representatives from the top twenty taxpayers, one representative from the University of North Texas,
one member with aviation experience, and one member at-large.
The EDP board serves as a recommending body to the City Council regarding whether economic
development incentives should be offered in each individual case. Its recommendation shall be based
upon an evaluation of information submitted in the incentive application and any additional information
requested by the EDP board or presented to the EDP board. The Incentive Application shall be
substantially in the form of Exhibit A of this Policy. All meetings of the EDP board shall be held in
compliance with the Texas Open Meetings Act, Chapter 551 of the Texas Government Code.
1
The criteria outlined in the Application will be used by the EDP boaxd in determining whether or not it
is in the best interests of the City to recommend that incentives be offered to a particular project.
Specific considerations will include the degree to which the individual project furthers the goals and
objectives of the community as described in the Denton Comprehensive Plan, as well as the relative
impact on growth, employment, expansion of the tax base, economic development and human health
and the environment.
Tax Abatements
New, expanding and modernizing businesses may be considered for a tax abatement if the minimum
threshold, as described in Table 1 below, is met.Once a determination has been made that a project is
eligible for a tax abatement, the following table will serve as a basis for determining amount and term of
abatement:
TABLE 1: Establishes a framework for considering the length and percentage of abatement
according to assessed properly value of improvements and of tangible personal property located on the
real property.
Page 2 of 18
2dI4 Tax Abatement Palicy
_ —
_ —
VALUE OF STRUCTURE
AND PERSONAL PROPERTY yEARS OF PERCENTAGE OF
IN MILLION DOLLARS ABATEMENT ABATEMENT
100 10 25%
80 9 25%
65 8 25%
50 7 25%
3� 6 25%
20 5 25%
15 4 25%
10 3 25%
g 2 25%
To qualify, companies must meet the minimum threshold of the Policy in the first 24 months from the
execution of the agreement or as specified in the tax abatement agreement.
If upon initial application a project qualifies for tax abatement under the guidelines set forth in this
Policy, the City may consider granting an additional5% abatement for each one of the following factors
provided, however, that the total tax abatement does nat exceed 50% annually or continue for a period
of more than ten years. No applicant may receive credit for more than five of the following factors:
■ The project will occupy a building that has been vacant for at least two years;
■ The project will create high-skilled, high-paying jobs as dacumented by the applicant; (A
breakdown of number of jobs per job classification and entry level wage per classification will
be used to determine eligibility);
■ The project will involve a significant relationship with one of the two universities in Denton;
■ At least 25% of the new jobs created by the project will be filled by Denton residents;
■ A minimum of 25% of local contractors and local subcontractors will be utilized during
construction of the proj ect;
■ The project will provide knowledge-based jobs (at least 25 percent of jobs require college
bachelors degree at entry level);
■ The project will donate significant public art to the community. (To qualify, donation must be
approved by Greater Denton Arts Council and City Council);
■ The project will donate significant materials/equipment to the public schools (to qualify,
donation must be approved by DISD and City Council);
■ The project will create improvements to the Denton Downtown Implementation Plan area;
■ The project will result in the formatian of a business paxk;
■ The project is an international or national headquarters facility.
■ The project is a medical manufacturing or research facility.
■ The project incorporates significant environmentally sustainable practices that includes:
Leadership in Energy and Environmental Design (LEED) certification, recycling initiatives, the
manufacture of sustainable materials or products that support sustainable industries, or the
incorporation of clean technology.
Page 3 of 18
2014 Tax Abatement Policy
■ Renewable Energy will be generated, stored or utilized for the project on an ongoing basis;
■ The applicant is committed to actively supporting the Denton Community.
The total tax abatement may not exceed 50% annually for ten years. All abatements are subject to final
approval of the City Council. Even though a project may meet the criteria as set forth in this
Policy, an applicatfon may be denfed at the discretion of the City. Tax abatement shall not apply to
any portion of the land value of the project. The thresholds as described in Table 1 are considered
guidelines for establishing the Tax Abatement Agreement terms. However, the City may determine that
a lower or higher percentage and/or a shorter or longer term of abatement may be more appropriate for
an individual project. If the abatement is approved, the City may consider applying all or a portion of
the abatement in the first year or during any shorter period within the term of the tax abatement
agreement. For example, an approved abatement of 25 percent for four years may be applied as 100
percent abatement for one year.
When the City of Denton determines that incentives are required to retain existing businesses, which
propose to improve or redevelop property within the City limits, the Denton City Council may consider
these "special projects" on a case-by-case basis and reserve the right to waive the minimum threshold
and/or exceed fifty percent (50%) in tax abatement. The City of Denton may also take into
consideration as "special projects" the expansion/redevelopment of existing businesses that create new
or additional professional jobs. New or existing businesses that incorporate environmentally sustainable
practices or have a renewable energy component may also be considered "special projects." Abatement
hereunder will only apply to the increased valuation of the improvements over the appraised value of the
property prior to such improvements as same is established by the Denton Central Appraisal District the
year in which the tax abatement agreement is executed. The City may also consider other tax incentives
authorized by law.
Chapter 380 Incentives
At times when alternative incentives may be preferable to a tax abatement, the City Council has the
authority under Chapter 380 to create a custom incentive in order to accomplish specific economic
development goals. Chapter 380 incentives will be considered on a case-by-case basis, and may be
considered for one or more of the following criteria:
• A certain number of net new jobs with wages above Denton's median household income
• The relocation of a company that promotes the growth of targeted industry clusters such as high-
tech companies, aviation/aerospace industry, or supply chain clusters that support Denton's
existing primary employers
• Incentives for businesses that cause infill redevelopment or other desirable development
objectives
• Any other activity which the City Council determines meets a specific public purpose for
economic development
1• �
Local contractors and local sub-contractors refers to vendors that have their "principal office or place
of business," as reported to the Texas Secretary of State Office, located within Denton City Limits or
Extraterritorial Jurisdiction (ETJ). The minimum requirement of 25%, to be eligible under this
consideration, will be based on the estimated construction valuation of the project.
Page 4 of 18
2014 Tax Abatement Policy
Knowledge-based jobs are defined as occupations which:
• Require specialized and theoretical knowledge, usually acquired through a college education
or through work experience or other training which provides comparable knowledge;
• Require some research, analysis, report writing and presentations;
• Require special licensing, certification, or registration to perform the job task;
A Business Park is defined as a multi-building, multi-tenant, master planned complex of approximately
one million square feet or more under roof, constructed to house manufacturing, distribution, assembly,
and office facilities.
Leadership in Energy and Environmental Design (LEED) certification is a voluntary
internationally recognized green building certification system, with verification by a third-party that a
building or community was designed and built using strategies aimed at improving performance
across the following metrics:
• energy savings
• water efficiency
• COZ emissions reduction
• improved indoor environmental quality
• stewardship of resources.
The certification levels consist of the following: Basic, Silver, Gold and Platinum and are weighted
on a 100 point system. The LEED system measures: innovation in design; sustainable sites; water
efficiency; energy and atmosphere; materials and resources; indoor environmental quality; and
locations and linkages.
The manufacture of sustainable materials or products may include but is not limited to: biobased,
recyclable and reclaimed goods. Denton is located in an air quality nonattainment region designated
by the Environmental Protection Agency for air pollution levels that continually exceed national
standards. Products and equipment that support sustainable industries or clean technologies that
reduce environmental pollution are encouraged and may qualify for consideration under this section.
Community support and involvement may include but is not limited to monetary or active investment in
local non profits, public institutions or community organizations, Membership and participation in a
Denton chamber of commerce is an example that may qualify under this consideration. The EDP board
will consider criteria proposed by the applicant, review and make a recommendation on the eligibility of
the applicant's community support and recommend whether an additional five percent should be added
to the overall incentive percentage.
When the City determines that abandoned property may require additional incentives to promote
economic development that generally satisfies the requirements of this Policy, the City may waive the
minimum threshold and/or exceed fifty percent (50%) in tax abatement, or consider other tax incentives
for special projects to redevelop abandoned buildings consistent with existing law. For the purpose of
this Policy, an abandoned building is defined as a building that has been identified as being suitable for
commercial or industrial development, has been vacant for a minimum of five-years or has substantially
declined in appraised value. Abatement would only be considered on the increased valuation of the
improvements in each year covered by the tax abatement agreement over the value of the property for
the year in which the tax abatement agreement is executed. The City may also consider other tax
incentives authorized by law.
Page 5 of 18
2014 Tax Abatement Policy
Preliminarv Application
� �.� � .. �
Any person, organization or corporation desiring that the City consider providing incentives to
encourage location or expansion of facilities within the limits of the jurisdictions shall be required to
comply with the following procedural guidelines. Nothing within these guidelines shall imply or
suggest that the City is under any obligation to provide an incentive to any applicant.
A. Applicant shall complete the attached "Incentive Application."
B. Applicant shall prepare a map or other documents providing the following:
■ precise location of the property and all roadways within 500 feet of the site
■ existing uses and conditions of real property
■ proposed improvements and uses
■ any proposed changes in zoning
■ compatibility with the Denton Comprehensive Plan and applicable building codes and
City ordinances.
■ A complete legal description.
C. Applicant shall complete all forms and information detailed in the Application and submit
all information to the City Manager (or his/her designee), City of Denton, 215 E. McKinney,
Denton, TX 76201.
D. All information in the application package detailed above will be reviewed for completeness
and accuracy. Additional information may be requested as needed,
E. The application will be distributed to the appropriate City departments for internal review
and comments. Additional information may be requested as needed.
F. Copies of the complete application package and staff comments will be provided to the EDP
board.
G. Fiscal agents of the City will review the application for comments and recommendation.
Additional information may be requested as needed.
Consideration of the Application
H. The EDP board will consider the application at a regular or special-called meeting(s).
Additional information may be requested as needed.
I. The recommendation of the EDP board will be forwarded, with all relevant materials, to the
City Council.
Page 6 of 18
2014 Tax Abatement Policy
J. If the City Council decides to grant a tax abatement, it shall call a public hearing to consider
establishment of a tax reinvestment zone in accordance with Section 312.201 of the Tax
Code. The reinvestment zone must meet one or more of the criteria of Section 312.202 of
the Tax Code.
K. The City Council may consider adoption of an ordinance designating the area described in
the legal description of the proposed project as a commercial/industrial tax abatement zone.
L. The City Council may consider adoption of an ordinance or resolution approving the terms
and conditions of a contract between the City and the applicant governing the provision of
the tax abatement or incentive and the commitments of the applicant, including all the terms
required by Section 312.205 of the Tax Code and such other terms and conditions as the City
Council may require. Should the commitments subsequently not be satisfied, the tax
abatement or other incentive shall be null and void (unless the tax abatement agreement
provides for a recapture of the property tax revenue lost proportionate to a partial failure to
meet the minimum thresholds set forth in the agreement) and all abated taxes or other
incentive shall be paid immediately to the City of Denton, Provisions to this effect shall be
incorporated into the agreement.
N. The City reserves the authority to enter into tax abatement agreements at differing
percentages and/or terms as set forth in the guidelines of this Policy, consistent with the
requirements of the Tax Code. The City also reserves the authority to enter into incentive
agreements under Chapter 380 of the Texas Local Government Code.
Any incentive agreement will address various issues, including but not limited to, the following:
1. General description of the project
2. Amount of the tax abatement and percent of value to be abated each year
3. Method of calculating the value of the abatement
4. Duration of the abatement, including commencement date and termination date
5. Legal description of the property
6. Kind, number, location and timetable of planned improvements
7. Specific terms and conditions to be met by applicant
8. The proposed use of the facility and nature of construction
9. Contractual obligations in the event of default, violation of terms or conditions, delinquent
taxes, recapture, any decrease in valuation, administration and assignment
-��-- '
Upon completion of construction and/or other threshold criteria, the City Council shall receive from the
City Manager (or his/her designee) an annual evaluation of each incentive to insure compliance with the
agreement and to report possible violations of the agreement to the appropriate taxing entities. After
new tax base numbers are received in July of each year, the City Manager and his staff will have ninety
(90) days to review and prepare a breakdown of those figures.
Page 7 of 18
2014 Tax Abatement Policy
Local Businesses and Historicallv Underutilized Businesses
Businesses receiving an incentive are asked to use diligent efforts to purchase all goods and services
from Denton businesses whenever such goods and services are camparable in availability, quality and
price.
The City of Denton also encaurages the use, if applicable, of qualified contractors, subcontractors and
suppliers who are historically underutilized businesses based on information provided by the General
Services Commission pursuant to Chapter 2161 of the Government Code. In the selection of
subcontractors, suppliers or other persons or organizations proposed for work on this Agreement, the
OWNERS agree to consider this Policy and to use their reasonable and best efforts to select and
employ such companies and persons for work on this Agreement.
Job Recruiting frorn Low-Moderate Income Census Tracts
Businesses receiving incentives are asked to endeavor to make available, or endeavor to cause lessees
or assignees to make available, full-time or part-time employment with on-the-job training for Denton
citizens. In this effort, the business, lessee or assignee is encauraged to recruit from the low-moderate
income Census tracts as further defined by the U.S. Department of Housing and Urban
Development's (HUD) Qualified Census Tracts (QCT) map shown in Figure �1. HUD defines QCTs
as "census tracts in which one-half or more of the households have incomes below 60 percent of the
area median income or the poverty rate is 25 percent of [or] higher.
Page8of18
2614 Tax Rbatement Policy
FIGURE 1: DENTON, TEXAS
2010-2011 Qualified Census Tracts
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Page 9 of 18
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2014 Tax Abatement Poticy
EXHIBIT A
The City of Denton
Incentive A����lication
About lhe Application...
The Incentive Application provides the City with specific information on the project. The information requested
in the Application is designed to address the criteria developed within the City of Denton's Incentive Policy. The
information serves as the basis for fiscal analysis and overall project evaluation. This evaluation is provided to
the Economic Development Partnership (EDP) board and Council Members and serves as a source document
during EDP board and City Council deliberations.
The Application and the Agreement...
Specific information from the Application (such as value of new investment and employment commitments) is
incorporated into the Incentive Agreement. In fact, the Application is an attachment to the Agreement. Since the
Agreement is a binding contract, it is important that each question on the application be answered in full and as
realistically as possible. Simply put, the application is part of the process from start to finish so you'll want to
make sure you're comfortable with the contents.
When Is The Applicatiorz Final?
The answer to this question is very simple: When you tell us, "It's final." It is not uncommon for. a business
entity to submit numerous Applications as drafts for informational and evaluative purposes only. As
conversations continue, the business entity will submit a finalized version of the Application that includes all of
the commitments agreed to during the discussions.
What about Confidentiality?
Section 312.003 of the Texas Tax Code makes confidential information provided to the City as a part of this
application that describes the specific processes or business activities to be conducted or the equipment or other
property to be located on the property. This information is not subject to public disclosure until the incentive
agreement is executed. Section 522.131 of the Texas Government Code (Texas Public Information Act) makes
confidential information which relates to economic development negotiations between the City and a business
prospect that the City seeks to have locate, stay or expand in or near the territory of the City. The information
must relate to a trade secret of the business prospect, commercial or financial information which the business
prospect can demonstrate based on specific factual evidence that disclosure would cause substantial competitive
harm to the person from whom the information was obtained or information about a financial or other incentive
being offered to the business prospect by the City or by another person. Information about a financial or other
incentive being offered to the business prospect is required to be disclosed when an agreement is made with a
business prospect. The City is subject to disclosing most records and documents upon request under the Public
Information Act. Accordingly, please clearly indicate and mark any information you consider proprietary.
This would include anything in your application which you consider a trade secret, commercial or
financial information which you can demonstrate by speci�c factual evidence that would cause substantial
competitive harm if disclosed, information which describes the specific processes or business activities to
be conducted or the equipment or other property for which the incentive is sought, any financial or other
incentive you may be seeking from the City or any other information you deem to be confidential under
the law.
Who is Authorized To Sign the Application?
Because the Application itself is non-binding, the person signing need not be the property owner or even an
individual duly authorized to sign on behalf of the property owner. However, if an Agreement is reached, the
Application will be an attachment to the Agreement and its contents will be binding through the authorized
signature required on the Agreement.
Page 10 of 18
2il14 �"a�c Abatement Policy
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City of Denton
Department of Economic Development
Denton, Texas 76201
(940) 349-7776
(940) 349-8596 FAX
www. citvofdenton, com
Aimee.Bissettn,citvofdenton. com
Page 11 of 18
2014 Ta;c Abatement Policy
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Property Owner
Campany or Project Name
Mailing Address
_ �,� �. .a �� r��� �_.. �
Telephone Fax No.
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Website
Contact Name
Title
Mailing Address
....... _...�. .�. a.� � _ ��
Telephone Fax No,
..�..._..., �. ,w..r....�mu....- w� .._ ......._..........
Email Address
Provide a chronology of plant openings, clasing and relocations over the past 15 years.
3. Provide a recard of inergers and financial restructuring during the past 15 years.
4. Will the occupants of the praject be owner or lessee? If lessee, are occupancy commitments already existing?
5. Is the project a relocatian of existing facility or a new facility ta expand aperatians? If relacatian, give
current location.
6. If an existing Denton business, will project result in abandonment of existing faciliry? If so, the value af the
existing facility will be subtracted from the value of the new facility to arrive at total project value.
.��- • :
2014 Tax Abatement Policy
7, Properiy Description.
�-.._ .....�.... _ _...... � ._.. ... ._.....
- Attach a capy of the legal descrtptian detailing property's metes and bounds.
_��.... �_,.. �. _�� _.. __....�
- Attach map of project including all roadways, land use and zoning within 500 feet af site.
— ...�..... �_ _._..� �
8. Current Value. Attach copy of latest property tax statement from the Denton Caunty Central Appraisal
District Include both real (land and impravements} and personal property).
9. Increased Value/Estimated Tota1 Cost of Project.
_�m.�.., ��.,,,.., .� ��.....
Structures $
_ __�� _ .._.. �.._
Personal Property �
Site Development $
Other Improvements $
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10. Indicate percent of tax ahatement and number of years requested.
�em�..n� � _. m..�. .._.�.m.. ,_m
Percent Requested Years Requested
..��.. ,�. � � �__... � u.... - .�w.� n.� H_�. me.
List any other financial incentives this pro�ect will request/receive
Estimated Freeport Exemptian
Estimated Electric Utility Industrial Development Rider
Estimated Water/Wastewater Infrastructure Assistance
�
.._ _ _ __
Chapter 380 Incentive
�... u..����� �.._�.. _...... �.. _u._. � ......_.
11. Give a brief descriptian of the activities to be performed at this location, including a description af products to
be produced and/or services to be pravided.
12. Describe any off-site infrastructure requirements:
_ a.a.. �._ w.....�
. Water
• Wastewater
".+- • :
20I4 Tax Abatement Policy
• Streets
�
• Other
13. Project Operation Phase. Provide employment information for the number of years incentive is requested.
� m..... ��..�.__ �... _ _ _e.. _ ...�
At Project
Existin ` 5tart Date At Term of
g
Employment Information Operation (mo/yr) Incentive
(if applicable) ' / �
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A. Total number of permanent, full-tirne jobs
_ r...... �_ ......... ......__ v_......
B. Employees transferred from outside Denton
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j C. Net permanent full-time jobs (A. minus B.)
_ ........ - ... ..... � ��._ _ ,�... ,�. .�...
E Total annual payroll for all permanent, full-time
jobs (A,)
F. Types of jobs created. List the job titles and number of positions in each category that will be employed
at the facility. Provide average wage for each category.
, �- � . • ��-
.
•,.- . � ,
2014 Tax Abatement Policy
H. Bstimate annual utility usage for project:
Electric
kWh � Water
,..i
m.. _ mcf
Wastewater gpd ' Gas
�.v
14. Describe any other direct benefits to the City of Dentan as a result of this project (e.g., sa es tax revenue or
project elements identified in Tax Abatement Policy, Sectian III).
15. Is property zoned appropriately? Yes No
Current zoning. � — W'y�'� - �µ �u�
M . � �.n �.. ..,� �.���� �..
Zoning required for proposed project.
_ �.... �� ��_..... _. .._.
Anticipated variances.
16. Is property platted? Yes Na
, �..... ,_�� _..�... __ ,...,_.. - �.
Will replatting be necessary Yes No
.� � _.ae....... -�. _wm_ .� M..__
17. Discuss any environmental impacts created by the project.
a �,.. �.__ _ � _. ..... m� m �
A. List any permits for which applicant must apply. Applicant will be required to provide City with coptes
of all applications for environmental permits upon completion of application(s).
B. Provide record of compliance to all environmental regulations for the past five years.
18. �Provide specific detail of any businesses/residents that will be displaced and assistance that will be available
fram the requesting campany.
19. Provide description af any historically significant area included within the project's area as determined by the
Historic preservation Officer. If any, give detail of how the historically significant area wi11 be preserved,
.�,. � �
2014 Tax Abateinent Policy
20. Justification for Incentive Request: Substantiate and more fully describe the justification for this request.
Include the amount of the incentive requested and show how it will contribute to the financial viability of the
project. Submit attachments if necessary.
__�,.� �
21. List additional abatement factors to be considered far this project as outlined an pages 3 and 4 of the
Incentive Policy.
Oc..m....._.. m� aa. ��m � _a_�� � �..�.._,
cupies buildmg vacant for at least 2 years Donation of materials to public schools �
_� .���_. �... ,�m..,..,. ��.�. �_ � �,e
Project creates high-skilled, high-paying jobs i Improvements to Downtown
' Sigmficant relationship wtth universities � Project � - �
�µ forms business park
, ��_.. ..� _.�u.. ��_._ �w. _aa� w...
25% of new jobs filled by Dentan residents International or national headquarters
25% local cantractors to be utilized � �� Medical manufacturing or research�facility
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25% of jobs are knowledge-hased Environmentally sustainable practices used
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Danation of significant public art � Renewable Energy generated/stored/utilized
�Community suppon........_. ��._. _�..... � .. �
rt and involvement: Attach description of community involvement
22. Financial Infarmation; Attach a copy of the latest aud,tect tmanctat statement or, m tne case oi a new pru�cc�,
a business plan.
_.�
23. Does the proJect have an eligible environmentally sustainable or renewable energy component (if so, p ease
identify type and provide a brief description)?
_......�.u_
24. Applicants seeking LEED certification must complete the Green Building Application for Tax Abatement
(Exhibit B af the policy).
• . � . �, � �
2014 Tax Abatement Pa(icy
� , � � � �i� � � �y
;• r � � � � � ' �
Property Owner
Company or Project Name
Mailing Address
�m �
Telephone Fax No
�
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� .v_
Website
Contact Name
Title
Mailing Address
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Telephone Fax No.
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Email Address
Project location address:
Provide documentation that the project has been registered with the U.S. Green Building Council.
. _�....� ...u.�_ �.. _...��..�
4. Provide a descriM�
ption of the project (please include the building size, number of occupants and estimate
budget).
Attach a preliminary Leadership in Energy and Environmental Design (LEED) Scorecard illustrating how
project will achieve the LEED certification.
Level of Certification:
Number of Points:
Page 17 of 18