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siour doe untenls\ordinances\07\aldi abatement ord.doc
ORDINANCE NO. Sao 9 - / 76
AN ORDINANCE AUTHORIZING THE MAYOR TO EXECUTE A TAX ABATEMENT
AGREEMENT WITH ALDI (TEXAS) L.L.C.; SETTING FORTH ALL THE REQUIRED
TERMS OF THE TAX ABATEMENT AGREEMENT IN ACCORDANCE WITH THE
TERMS OF CHAPTER 312 OF THE TEXAS TAX CODE; SETTING FORTH THE VARI-
OUS CONDITIONS PRECEDENT TO ALDI (TEXAS) L.L.C., A TEXAS LIMITED LIABIL-
ITY COMPANY, RECEIVING THE TAX ABATEMENT; PROVIDING FOR A SEVERABIL-
ITY CLAUSE; AND PROVIDING AN EFFECTIVE DATE.
WHEREAS, on the 21" day of August, 2007, after a public hearing duly held in accor-
dance with Tex. Tax Code §312.201 (the "Act"), the City Council passed Ordinance No. 2007-
_1 -7 5 (the "Ordinance") establishing Reinvestment Zone No. VIII, City of Denton, Texas as a
commercial/industrial reinvestment zone for tax abatement (the "Zone"), as authorized by Title
3, Chapter 312, Subchapter B of the Act; and
WHEREAS, on the 4d' day of June, 2007, Aldi (Texas) L.L.C., submitted an application
for tax abatement with various attachments to the City concerning the contemplated use of cer-
tain property located within the Zone; and
WHEREAS, the City Council finds that the contemplated use of the premises and the
contemplated improvements to the premises, as indicated by Aldi (Texas) L.L.C., are consistent
with encouraging the development of the Zone in accordance with the purposes for its creation
and are in compliance with the Denton Tax Abatement Policy; and
WHEREAS, the City Council deems it in the public interest to enter into a Tax Abate-
ment Agreement with Aldi (Texas) L.L.C.; NOW, THEREFORE,
THE COUNCIL OF THE CITY OF DENTON HEREBY ORDAINS:
c
SECTION 1. The findings contained in the preamble to this ordinance are true and cor-
rect and are adopted as a part of the whole ordinance.
SECTION 2. The City Council finds and determines the following:
A. That the contemplated use of the premises and the contemplated improvements of the
premises, as indicated by Aldi (Texas) L.L.C. are consistent with encouraging the de-
velopment of the Zone in accordance with the purposes of its creation and are in
compliance with the Denton Tax Abatement Policy.
B. That the City Council finds that the improvements sought by Aldi (Texas) L.L.C.
within the Zone are feasible and practical and would be a benefit to the land to be in-
cluded in the Zone and to the City after the expiration of the Tax Abatement Agree-
ment to be entered into with Aldi (Texas) L.L.C.
sAour documents\ordinances\07\a1di abatement ord.doc
C. That the City Council finds that the Tax Abatement Agreement contains all the terms
which are mandatorily required to be included in any tax abatement agreement under
§312.205 of the Act.
D. That, in accordance with §312.2041 of the Act, the City Council finds that not later
than the date on which the City Council considered this ordinance, and not later than
the seventh day before the date the City enters into a Tax Abatement Agreement with
Aldi (Texas) L.L.C., that the City Manager, through the Director of Economic Devel-
opment, who are hereby designated and authorized by the City Council to give such
notice, delivered to the presiding officer of the Denton Independent School District
and Denton County a written notice that the City intends to enter into this Tax Ab-
atement Agreement with Aldi (Texas) L.L.C., and that this notice included a copy of
the proposed Tax Abatement Agreement in substantially the form of the Tax Abate-
ment Agreement attached to this ordinance.
E. That before the passage of this ordinance, the City Council held a public hearing in
accordance with §312.201 of the Act and created Reinvestment Zone No. VIII.
F. The City Council finds that the project within Reinvestment Zone No. VIII is a rede-
velopment of an existing business as defined in the Tax Abatement Policy and re-
quires additional incentives to promote economic development that generally satisfies
the requirements of the policy and the City Council hereby authorizes a tax abatement
of a maximum of 100% on the increased valuation of the Taxable Real Property im-
provements and tangible personal property as more particularly described in the Tax
Abatement Agreement attached hereto and made a part hereof by reference as Exhibit
"A" (the "Tax Abatement Agreement').
SECTION 3. The Mayor, or in his absence, the Mayor Pro Tem, is hereby authorized to
execute the Tax Abatement Agreement with Aldi (Texas) L.L.C. in substantially the same form
as the Tax Abatement Agreement attached as Exhibit "A".
SECTION 4. The City Council hereby instructs and authorizes the City Manager to in-
spect, audit, and evaluate the progress of Aldi (Texas) L.L.C. to determine if it has met all of the
conditions of the attached Tax Abatement Agreement prior to the tax abatement going into ef-
fect.
SECTION 5. If any section, subsection, paragraph, sentence, clause, phrase, or word in
this ordinance, or application thereof to any person or circumstance is held invalid by any court
of competent jurisdiction, such holding shall not affect the validity of the remaining portions of
this Ordinance, the City Council of the City of Denton hereby declares that they would have
enacted such remaining portions despite any such validity.
SECTION 6. This Ordinance shall become effective immediately upon its passage and
approval.
Page 2 of 3
s:\our documents\ordinances\07\aldi abatement ord.doc
PASSED AND APPROVED this the day of 2007.
C
PERR MCNEILL, MAYOR
ATTEST:
JENNIFER WALTERS, CITY SECRETARY
APPROVED AS TO LEGAL FORM:
EDWIN M. SNYDER, CITY ATTORNEY
BY:
Page 3 of 3
TAX ABATEMENT AGREEMENT
This Tax Abatement Agreement (the "Agreement') is entered into by and between the
City of Denton, Texas (the "City"), duly acting herein by and through its Mayor, and Aldi
(Texas) L.L.C. a Texas limited liability company (the "Owner"), duly authorized to do business
and in good standing in the State of Texas, duly acting herein by and through its authorized offi-
cer.
WHEREAS, the City has adopted a resolution which provides that it elects to be eligible
to participate in tax abatement and has adopted guidelines and criteria governing tax abatement
agreements known as the Denton Tax Abatement Policy; and
WHEREAS, on the 61h day of December, 2005, the City Council of Denton, Texas (the
"City Council") adopted the Denton Tax Abatement Policy (the "Policy"), a copy of which is on
file in the City of Denton Economic Development Office and which is incorporated herein by
reference; and
WHEREAS, the Policy constitutes appropriate "guidelines and criteria" governing tax
abatement agreements to be entered into by the City as contemplated by Section 312.002 of the
Texas Tax Code, as amended (the "Code"); and
WHEREAS, on the 21" day of August 2007, the City Council passed Ordinance No.
V] 5 (the "Ordinance") establishing Reinvestment Zone No. VIII, City of Denton, Texas, as a
commercial/industrial reinvestment zone for tax abatement (the "Zone"), as authorized by Title
3, Chapter 312, Subchapter B of the Code (the "Act'); and
WHEREAS, Owner will be the owner, as of the Effective Date (as hereinafter defined),
which ownership is a condition precedent, of certain real property, more particularly described in
Exhibit "A" attached hereto and incorporated herein by reference and made a part of this Agree-
ment for all purposes (the "Premises") located entirely within the Zone as of the Effective Date;
and
WHEREAS, on the 4th day of June 2007, Owner submitted an application for tax abate-
ment with various attachments to the City concerning the contemplated use of the Premises (the
"Application for Tax Abatement'), which is attached hereto and incorporated herein by reference
as Exhibit `B"; and
WHEREAS, the City Council finds that the contemplated use of the Premises, the Con-
templated Improvements (as hereinafter defined) to the Premises as set forth in this Agreement,
and the other terms hereof are consistent with encouraging development of the Zone in accor-
dance with the purposes for its creation and are in compliance with the Ordinance and Policy and
similar guidelines and criteria adopted by the City and all applicable law; and
WHEREAS, notice has been published in accordance with Chapter 312 of the Tax Code
and written notice that the City intends to enter into this Agreement, along with a copy of this
Agreement, has been furnished by the City, in the manner and by the time prescribed by the
Code, to the presiding officers of the governing bodies of each of the taxing units in which the
Premises is located; and
NOW, THEREFORE, the City and Owner for and in consideration of the premises and
the promises contained herein do hereby contract, covenant, and agree as follows:
I.
TERMS AND CONDITIONS OF ABATEMENT
A. In consideration of and subject to the Owner meeting all the terms and conditions
of abatement set forth herein, the City hereby grants the following tax abatement ("Abatement"):
l . An abatement equal to 100% of City ad valorem taxes attributable
to new capital investments resulting in an increase of assessed value of real property improve-
ments to and tangible personal property (including inventory and supplies) located on the Prem-
ises but only if such increase is at least $25,000,000 over the assessed value of the Premises and
tangible personal property (including inventory and supplies) located on the Premises as of Janu-
ary 1, 2007, for a period of five years commencing on January 1 of the year following the
Owner's receipt of a certificate of occupancy (the "CO") for the Premises. If such increase in
assessed value is less than $25,000,000 there will be no Abatement.
B. A condition of the Abatement is that, by December 31, 2009 (subject to force ma-
jeure delays not to exceed 180 days), a capital investment which results in an increase in the as-
sessed values contemplated by Section I.A.I be made to the Premises. For the purposes of this
paragraph, the term "force majeure" shall mean any circumstance or any condition beyond the
control of Owner, as set forth in Section XXI "Force Majeure" which makes it impossible to
meet the above -mentioned thresholds.
C. The term "capital investment" is defined as the construction, renovation and
equipping of the Improvements on the Premises (the "Contemplated Improvements" or "Im-
provements") to include (1) costs related to the development and improvement of the real estate,
including, without limitation, construction costs and design and engineering costs; (2) tangible
personal property located on or at the Contemplated Improvements by Owner, including inven-
tory and supplies. The kind and location of the Contemplated Improvements is more particularly
described in the Application for Tax Abatement.
D. A condition of the Abatement is that the Contemplated Improvements be con-
structed and the Premises be used substantially in accordance with the description of the project
set forth in the Application for Tax Abatement.
E. A condition of the Abatement is that throughout the Term of the Abatement, the
Contemplated Improvements shall be operated and maintained for the purposes set forth herein
so that the uses of the Premises shall be consistent with the general purpose of encouraging de-
velopment or redevelopment of the Zone, except as otherwise authorized or modified by this
Agreement.
Page 2
F. A condition of the Abatement is that the Owner shall construct Wescourt Road,
from Airport Road south to Springside Road (a distance of approximately 4,200 linear feet) as a
two-lane, concrete road and to specifications acceptable by the City of Denton. Construction of
Westcourt Road must be completed and accepted prior to the issuance of a Certificate of Occu-
pancy by the City of Denton.
G. The City shall have the right to terminate the Abatement if the Owner does not
occupy the Contemplated Improvements continuously for the term of the Abatement for the pur-
poses set forth in the Tax Abatement Application. In the event of such termination the Owner
shall refund to the City all previous tax abatements and all tax abatements for future years shall
be terminated.
ment.
H. Owner agrees to comply with all the terms and conditions set forth in this Agree-
IL
FAILURE TO MEET CONDITIONS
A. In the event that (i) the conditions in paragraphs I(B) through I(H) are not met; or
(ii) Owner allows its ad valorem real property taxes with respect to any properties owned within
the city limits of the City of Denton with respect to any real property and tangible personal prop-
erty, if any, owned by the Owner, owed the City to become delinquent and fails to timely and
properly follow the legal procedures for protest and/or contest of any such ad valorem real prop-
erty or tangible personal property taxes; or (iii) any other conditions of this Agreement are not
met, then a "Condition Failure" shall be deemed to have occurred (it being understood that a
Condition Failure relating to any condition set forth in paragraphs I(B) through I(H) shall not be
deemed to occur merely because at a particular time it cannot be determined whether such condi-
tion will be met, but shall occur only if at a particular time it can be definitively determined that
such condition will not be met). In the event that a Condition Failure occurs, the City shall give
Owner written notice of such Condition Failure and if the Condition Failure has not been cured
or satisfied within ninety (90) days of said written notice, the Abatement shall be terminated with
respect to the year in which notice of the Condition Failure is given and all future years; pro-
vided, however, that if such Condition Failure is not reasonably susceptible of cure or satisfac-
tion within such ninety (90) day period and Owner has commenced and is pursuing the cure or
satisfaction of same, then after first advising City Council of efforts to cure or satisfy same,
Owner may utilize an additional ninety (90) days. Time in addition to the foregoing 180 days
may be authorized by the City Council. It is understood that the Abatement with respect to any
year prior to the year in which notice of the Condition Failure is given shall not be forfeited or
recaptured except as indicated under Section ILB hereof. Notwithstanding any provision in this
Agreement to the contrary, Owner shall refund to the City all tax abatements previously received
with interest for the year in which the notice of Condition Failure is given.
B. If, however, the Owner fails to construct any structures or other improvements, or
fails to install any equipment or other tangible personal property within the Premises by Decem-
ber 31, 2009 or if the Owner fails to construct Westcourt Road as described in I(F), or the value
Page 3
of the Improvements falls below the minimum $25,000,000 threshold during the term of the Ab-
atement, then this Agreement may be terminated by the City. In such event, Owner shall refund
to the City all tax abatements previously granted and received under this Agreement with interest
on the amount to be refunded at six percent (6%) per annum.
C. In the event of a Condition Failure by Owner which is not cured or satisfied as set
forth herein, in addition to a partial or total recapture of the tax abatement, the City may cancel
or modify this Agreement.
III.
RECORDS AND EVALUATION OF PROJECT
A. The Owner shall provide access and authorize inspection of the Premises by City
employees and allow sufficient inspection of financial information related to construction of
Westcourt Road to insure that the Improvements are made and the thresholds are met according
to the specifications and conditions of this Agreement. Such inspections shall be done in a way
that will not interfere with Owner's business operations. City shall annually (or such other times
deemed appropriate by the City) evaluate the Project to ensure compliance with this Agreement.
B. The City Manager shall make a decision and rule on the eligibility of the Project
for tax abatement based on the information furnished each year by the Owner on or before Au-
gust 1 of the taxable year and shall so notify Owner and the City Council.
C. During normal office hours throughout the Term of this Agreement, providing
reasonable notice is given to Owner, the City shall have access to the Premises by City employ-
ees for the purpose of inspecting the Premises and the Improvements to ensure that the Im-
provements are being made in accordance with the specifications and conditions of this Agree-
ment and to verify that the conditions of this Agreement are being complied with, provided that
such inspection shall not interfere with Owner's normal business operations.
D. The Owner shall annually make a certification in writing to the City Council, on
or before June 1 sc of each year this Agreement is in effect that certifies that the Owner is in com-
pliance with each applicable term of this Agreement.
IV.
GENERAL PROVISIONS
A. The City has determined that it has adopted guidelines and criteria governing tax
abatement agreements for the City to allow it to enter into this Agreement containing the terms
set forth herein.
B. The City has determined that procedures followed by the City conform to the re-
quirements of the Code and the Policy, and have been and will be undertaken in coordination
with Owner's corporate, public employee, and business relations requirements.
C. The Premises are not in an improvement project financed by tax increment bonds.
Page 4
D. Neither the Premises nor any of the Improvements covered by this Agreement are
owned or leased by any member of the City Council, any member of the City Planning and Zon-
ing Commission of the City, or any member of the governing body of any taxing units joining in
or adopting this Agreement.
E. In the event of any conflict between the City zoning ordinances, or other City or-
dinances or regulations, and this Agreement, such ordinances or regulations shall control.
V.
EFFECT OF SALE, ASSIGNMENT, OR LEASE OF PROPERTY
A. The Abatement with respect to the Premises, including any tangible personal
property located on the Premises owned by Owner, shall vest in Owner and shall be assignable,
with City approval, which shall not be unreasonably withheld, to any individual, partnership,
joint venture, corporation, trust or other entity (irrespective of whether or not such assignee is
related to or affiliated with Owner) which acquires title to the Premises. Any assignee of Owner
or any assignee of a direct or indirect assignee of Owner shall be treated as "Owner" under this
Agreement. No assignment shall require the consent of City if the assignment is to a wholly -
owned subsidiary of the Owner or to a subsidiary of Aldi Inc., the Owner's parent company, or
if, following such assignment, the Owner continues to occupy and operate the Contemplated Im-
provements for the full term of this Agreement. Nor shall the consent of the City be necessary if
the assignee agrees to fully comply with the terms and conditions of this Agreement.
VI.
NOTICE
All notices called for or required by this Agreement shall be addressed to the following,
or such other party or address as either party designated in writing, by certified mail postage pre-
pare, by hand delivery or via facsimile:
OWNER:
Scott W. Huska
Vice President
Aldi(Texas) L.L.C.
1517 Centre Place Drive
Suite 220
Fax No. (940) 442-6784
CITY:
George C. Campbell, City Manager
City of Denton
215 East McKinney
Denton, Texas 76201
Fax No. 940.349.8596
Page 5
VII.
CITY COUNCIL AUTHORIZATION
This Agreement was authorized by the City Council by passage of an enabling ordinance
at its meeting on the 21 st day of August, 2007, authorizing the Mayor to execute this Agreement
on behalf of the City, a copy of which is attached hereto and incorporated herein by reference as
Exhibit "C".
VIII.
BOARD OF DIRECTORS AUTHORIZATION
This Agreement was entered into by Owner, pursuant to authority granted by the Board
of Directors of its ultimate parent, Aldi, Inc., an Illinois corporation, as authorized by corporate
resolution to execute this Agreement on behalf of Owner; a certificate evidencing such resolution
and consent is attached hereto and incorporated herein as Exhibit "D" as if written word for word
herein.
IX.
SEVERABIILTY
In the event any section, subsection, paragraph, sentence, phrase or word is held invalid,
illegal or unconstitutional, the balance of this Agreement shall stand, shall be enforceable and
shall be read as if the parties intended at all times to delete said invalid section, subsection, para-
graph, sentence, phrase, or word. In the event that (i) the term of the Abatement with respect to
any property is longer than allowed by law, or (ii) the Abatement applies to a broader classifica-
tion of property than is allowed by law, then the Abatement shall be valid with respect to the
classification of property abated hereunder, and the portion of the term, that is allowed by law.
X.
ESTOPPEL CERTIFICATE
Any party hereto may request an estoppel certificate from the other party hereto so long
as the certificate is requested in connection with a bona fide business purpose. The certificate,
which if requested will be addressed to the Owner, shall include, but not necessarily be limited
to, statements that this Agreement is in full force and effect without default (or if default exists
the nature of default and curative action, which should be undertaken to cure same), the remain-
ing term of this Agreement, the levels and remaining term of the Abatement in effect, and such
other matters reasonably requested by the party(ies) to receive the certificates.
XI.
OWNER STANDING
Owner, as a party to this Agreement, shall be deemed a proper and necessary party in any
litigation questioning or challenging the validity of this Agreement or any of the underlying or -
Page 6
dinances, resolutions, or City Council actions authorizing same and Owner shall be entitled to
intervene in said litigation.
XII.
APPLICABLE LAW
This Agreement shall be construed under the laws of the State of Texas and is fully per-
formable in Denton County, Texas. Venue for any action under this Agreement shall be in Den-
ton County, Texas.
XIII.
RECORDATION OF AGREEMENT
A certified copy of this Agreement in recordable form shall be recorded in the Deed Re-
cords of Denton County, Texas.
XIV.
MUTUAL ASSISTANCE
City and Owner agree to do all things reasonably necessary or appropriate to carry out the
terms and provisions of this Agreement and to aid and assist each other in carrying out such
terms and provisions. Owner and City agree at any time, and from time to time, to execute any
and all documents reasonably requested by the other party to carry out the intent of this Agree-
ment.
XV.
ENTIRE AGREEMENT
This instrument with the attached exhibits contains the entire agreement between the par-
ties with respect to the transaction contemplated in this Agreement.
XVI.
BINDING
This Agreement shall be binding on the parties and the respective successors, assigns,
heirs, and legal representatives.
XVII.
COUNTERPARTS
This Agreement may be executed in counterparts, each of which shall be deemed an orig-
inal, but all of which together shall constitute one and the same instrument.
Page 7
XVIII.
SECTION AND OTHER HEADINGS
Section or other headings contained in this Agreement are for reference purposes only
and shall not affect in any way the meaning or interpretation of this Agreement.
XIX.
NO JOINT VENTURE
Nothing contained in this Agreement is intended by the parties to create a partnership or
joint venture between the parties, and any implication to the contrary is hereby disavowed.
XX.
AMENDMENT
This Agreement may be modified by the parties hereto to include other provisions which
could have originally been included in this Agreement or to delete provisions that were not orig-
inally necessary to this Agreement pursuant to the procedures set forth in Title 3, Chapter 312 of
the Code.
XXI.
FORCE MAJEURE
If, because of flood, fire, explosions, civil disturbances, strikes, war, acts of God, or other
causes beyond the control of either Party, either Party is not able to perform any or all of its obli-
gations under this Agreement, then the respective Party's obligations hereunder shall be sus-
pended during such period but for no longer than such period of time when the party is unable to
perform.
This Agreement is executed to be effective 30 days after the executed date of the 2151 day
of August, 2007, (the "Effective Date") by duly authorized officials of the City and Owner.
PASSED AND APPROVED this the day of 2007.
PERK . MCNEILL, MAYOR
ATTEST:
JENNIFER WALTERS, CITY SECRETARY
BY: M )AI % h - f , lit,
Page 8
APPROVED AS TO LEGAL FORM:
EDWIN M. SNYDER, CITY ATTORNEY
BY: 7w-
ATTEST:
ALDI (TEXAS) L.L.C.,
A Texas limited liability company
By: ALDI INC. (DELAWARE),
A Delaware corporation,
Its Sole Member
By:
Scott W. Huska
Vice President
Page 9
s:\our documents\contracts107\a1di tax abatement agreement. doe
STATE OF TEXAS
COUNTY OF DENTON
Before me, the undersigned authority, a Notary Public in and for said State of Texas, on
this day personally appeared Perry R. McNeill, Mayor for the City of Denton, known to me to be
the person who signed and executed the foregoing instrument, and acknowledged to me that this
instrument was executed for the purposes and consideration therein expressed.
Given under my hand and seal of office this the oql a day of August 2007.
JENNIFER K. WALTERS
Notary Public, State of Texas
My commission Expires
,; o, ;:•' Decomber 19. 2010
N y Pu is in and for the
State of Texas
My Commission Expires: a /O
Page 10
STATE OF TEXAS
COUNTY OF DENTON
Before me, the undersigned authority, a Notary Public in and for said State of Texas, on
this day personally appeared Scott W. Huska, Vice President of Aldi Inc. (Delaware), a Delaware
corporation which is the sole member of Aldi (Texas) L.L.C., a Texas limited liability company,
known to me to be the person who signed and executed the foregoing instrument, and acknowl-
edged to me that this instrument was executed for the purposes and consideration therein ex-
pressed.
Given under my hand and seal of office this the 1J— day of August, 2007.
(' A (Qc. "
KARLA STOVER SANDERS
: Notary Public, State of Texas Notary Public in and for the
My Commission Expires State of _
•,',?L;,,o February @i, 2011. Y P . aka oZ l
M CommissLon Ex fires
Page 11
EXHIBIT "A"
PROPERTY DESCRIPTION
RE -INVESTMENT ZONE NO. VIII
BEING A 120 ACRE TRACT OF LAND SITUATED IN THE WILLIAM NEILL SURVEY,
ABSTRACT NO. 970, THE JOHN BACON SURVEY, ABSTRACT NO. 1540, THE
ISAAC N. HAMBREE SURVEY, ABSTRACT NO. 594 AND THE JEREMIAH DALTON
SURVEY, ABSTRACT NO. 353, CITY OF DENTON, DENTON COUNTY, TEXAS AND
BEING A PORTION OF THAT CALLED 2049.00 ACRE TRACT OF LAND
DESIGNATED AS "TRACT 1: NORTH TRACT" IN THE DEEDS TO SLF II COLE
PROPERTY, L.P. RECORDED IN COUNTY CLERK'S FILE NUMBERS 2005-12276,
2005-12277 AND 2005-12278 OF THE DEED RECORDS OF DENTON COUNTY,
TEXAS, (DRDCT), SAID 120 ACRE TRACT OF LAND BEING MORE PARTICULARLY
DESCRIBED AS FOLLOWS:
BEGINNING AT A 1/2-INCH IRON ROD FOUND FOR THE SOUTHEAST CORNER OF
THE SOUTHEAST AIRPORT ADDITION, AN ADDITION TO THE CITY OF DENTON
DESCRIBED BY PLAT RECORDED IN VOLUME G, PAGE 295, PLAT RECORDS OF
DENTON COUNTY, TEXAS SAME BEING A NORTHEAST CORNER OF SAID 2049.00
ACRE TRACT OF LAND AND BEING IN THE APPROXIMATE CENTERLINE OF
WESTCOURT ROAD;
THENCE SOUTH 00003'56" EAST GENERALLY ALONG THE CENTERLINE OF SAID
WESTCOURT ROAD, A DISTANCE OF 1151.07 FEET TO A 5/8-INCH IRON ROD
FOUND CORNER IN THE APPROXIMATE CENTERLINE OF SPRING SIDE ROAD;
THENCE NORTH 89005'32" EAST ALONG A LINE IN SAID SPRING SIDE ROAD, A
DISTANCE OF 870.18 FEET TO A 1/2-INCH IRON ROD WITH CAP STAMPED "RPLS
4562" FOUND FOR CORNER ON THE EAST SIDE OF UNDERWOOD ROAD;
THENCE ALONG THE EAST SIDE OF SAID UNDERWOOD' ROAD, THE
FOLLOWING:
SOUTH 00051'18" EAST, A DISTANCE OF 646.53 FEET TO A 5-INCH STEEL
POST FOUND FOR CORNER;
SOUTH 01032'26" EAST, A DISTANCE OF 644.99 FEET TO A 5-INCH STEEL
POST FOUND FOR CORNER;
SOUTH 01023'09" EAST, A DISTANCE OF 547.58 FEET TO A 5/8-INCH IRON
ROD FOUND FOR CORNER;
SOUTH 00042'07" EAST, A DISTANCE OF 344.00 FEET TO A 1/2-INCH IRON
ROD FOUND FOR CORNER;
THENCE SOUTH 89015'29" WEST CROSSING SAID UNDERWOOD ROAD, A
DISTANCE OF 125.00 FEET TO A POINT FOR CORNER;
THENCE NORTH 54018'23" WEST, A DISTANCE OF 3017.83 FEET TO A POINT FOR
CORNER IN THE EAST LINE OF THAT CALLED 31.107 ACRE TRACT OF LAND
C:\DOCUME-1\TLREEDY\LOCALS-1\Temp\XPgrpwise\Exhibit AAldi Property Description. docPage 1 of 3
DESCRIBED IN THE JUDGMENT DEED TO THE CITY OF DENTON, TEXAS
RECORDED IN COUNTY CLERK'S FILE NUMBER 94-71013, DRDCT;
THENCE NORTH 07050'48" WEST ALONG SAID EAST LINE, A DISTANCE OF 200.00
FEET TO A 1/2-INCH IRON ROD FOUND FOR THE NORTHEAST CORNER OF SAID
31.107 ACRE TRACT OF LAND SAME BEING THE SOUTHEAST CORNER OF THAT
CALLED 13.89 ACRE TRACT OF LAND DESCRIBED IN THE JUDGMENT DEED TO
THE CITY OF DENTON, TEXAS RECORDED IN VOLUME 871, PAGE 137, DRDCT;
THENCE NORTH 00024" 1" EAST AT A CALLED DISTANCE OF 500 FEET PASSING
THE NORTHEAST CORNER OF SAID 13.89 ACRE TRACT OF LAND SAME BEING
THE SOUTHEAST CORNER OF THAT CALLED 24.73 ACRE TRACT OF LAND
DESCRIBED IN SAID JUDGMENT DEED TO THE CITY OF DENTON, TEXAS
RECORDED IN VOLUME 871, PAGE 137, DRDCT, CONTINUING ALONG EAST LINE
OF SAID 24.73 ACRE TRACT OF LAND IN ALL FOR A DISTANCE OF 700.05 FEET
TO A 1/2-INCH IRON ROD FOUND FOR CORNER;
THENCE SOUTH 89034'22" EAST CONTINUING ALONG SAID EAST LINE, A
DISTANCE OF 144.64 FEET TO A 1/2-INCH IRON ROD FOUND FOR CORNER;
THENCE NORTH 00023'42" EAST CONTINUING ALONG SAID EAST LINE, A
DISTANCE- OF 629.09 FEET TO A 1/2-INCH IRON ROD FOUND FOR THE
NORTHEAST CORNER OF SAID 24.73 ACRE TRACT OF LAND AND BEING IN THE
SOUTH LINE OF THE AFOREMENTIONED SOUTHEAST AIRPORT ADDITION;
THENCE NORTH 88042'27" EAST ALONG THE SOUTH LINE OF SAID SOUTHEAST
AIRPORT ADDITION, A DISTANCE OF 1533.88 FEET TO THE POINT OF
BEGINNING;
CONTAINING A COMPUTED AREA OF 120 ACRES, MORE OR LESS.
NOTES:
BEARINGS CALLED FOR HEREIN ARE BASED ON THE TEXAS
COORDINATE SYSTEM (NORTH CENTRAL ZONE), AND WERE DERIVED
FROM GPS OBSERVATIONS OF CITY OF DENTON MONUMENTS 2011,
2012, 2015 AND 2023.
A SKETCH WAS PREPARED ON EVEN DATE TO ACCOMPANY THIS
DESCRIPTION.
C:\DOCUME-1\TLREEDY\LOCALS-1\Temp\XPgrpwise\Exhibit A Aldi Property Description. docPage 2 of 3
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Exhibit B
APPLICATION FOR TAX ABATEMENT
CITY OF DENTON, TEXAS
1. Property Owner Aldi Inc.
Company or Project Name Denton Distribution Center
Mailing Address 1617 Centn? Place Drive, Suite 220
Denton TX 76205
Telephone (9401442-6761 Fax No. (9401442-6784
Website www.aldi.com
Contact Name Scott W. Huska
Title Vice President
Mailing Address 1517 Centre Place Drive Suite 220
Denton TX 76206
Telephone 19401442-6761 ext 125 Fax No. (9401442-6784
Email Address_ alditexasAsbcalobal net
2. Provide a chronology of plant openings, closing and relocations over the
past 15 years.
See Attachment 1.
3. Provide a record of mergers and financial restructuring during the past 15
years.
Not Aaalicable
4. Will the occupants of the .project be owner or lessee? If lessee, are
occupancy commitments already existing?
Owner
5. Is the project a relocation of existing facility or a new facility to expand
operations? If relocation, give current location.
It is a new facility to expand operations This will serve as
ALDI's Headquarters for the State of Texas
6. If an existing Denton business, will project result in abandonment of
existing facility? If so, the value of the existing facility will be subtracted
from the value of the new facility to arrive at total, project value.
Not Applicable
7. Property Description.
-Attach a copy of the legal description detailing property's metes and
bounds.
-Attach a map of project including all roadways, land use and zoning
within 500 feet of site.
See Attachment 2 and 3 for the above. Linda Ratliff instructed ALDI
that these attachments would suffice.
8. Current Value. Attach a copy of latest property tax statement from the
Denton County Central Appraisal District (include both real and personal
property).
See Attachment 4 and 5.
9. Increased Value/Estimated Total Cost of Project.
Structures_ $38.000 000 Site Development $4,000.000
Personal Property $2,0_ 00 000 Other Improvements (See below. 1
BLL Qualifications: These budget numbers are based on some
recent project Cost histories ALDI believes that the costs will be
Within 10% t these estimates The outcome of any chances to the
building and the final des19A will affect the final costs
10. Indicate amount of tax abatement and number of years requested for each
taxing entity.
City of Denton 50%_ _ 10 Years
Denton County 50% 10 Years
List any other financial incentives this project will request/receive.
Estimated Freeport Exemption In 1989the voters of Texas approved
a means by which certain tangible personal properly transported out
of the State of Texas within 175 days could gualifv for an ad valorem
tax exemption. In order to qualify these personal prone 't ,,,s
must be detained in Texas for assembling storing manufacturing
fabrication or for processing purposes Most importantly the items
must leave the State of Texas within 175 days from the date they
were acquired or brouaht into Texas The law provides that
counties cities towns school districts and humor Polls r,a districts
may opt to continue to tax these items The City of n
,,.,,,, Denton
The Freeport Amendment thus creating a "Triple Freeport" incentive
tool.
ALDI will distribute appl3roximately 80%ofthe 1nvento within
the state of Texas resulting in Drooertv tax liability. ALDI will
explore methods of offsetting this competitive cost
Est. Electric Utility Industrial Development Rider Qualified new and
existing industrial and commercial service customers may receive a
reduction in their demand billing The incentive is available to those
customers whose electric service represents demand not previously
served by the City at any location in the City's service area In the last
12 months and where such demand is in excess of 225KVA or
200KW per month. To guallW customers must receive service from
Rate Schedulers GSL (General Service Large) and TGS (timed use)
pay City of Denton ad valorem taxes,• and receive no electric service
discounts other than those specifically defined in the GSL or TGS
rate schedules. The monthly demand billing will be adjusted in
accordance with the following table:
Reduction to Billing or System Demand
Time Period Reduction to Demand
Year 50%
Year 2
40%
Year 3
30%
Year a
20%
Year 5
10%
ALDI estimated electric demand Qualifies for this utility rider. ALDI
will request participation in this rider.
Estimated Water/Wastewater Infrastructure Asst. $250.000-$350.000
11. Give a brief description of the activities to be performed at this location,
including a description of products to be produced and/or services to be
provided.
The Denton Texas ALDI Division Distribution Center will be the
central location for receiving all products to be shinned to ALDI
stones within a 250 mile radius ALDI has 95%of all products
shipped to its distribution center and than disseminates �1�them to A7S
stores. The executive man" ement tearn and the cr sional office
staff including support staff accounts payable accounts rLceivahlo
accounting assistants and shipping and receiving clerks) would
be located at this facility. This facility would be the Headquarters
12. Project Construction Phase
A. Estimate percentage of project development and construction
dollars to be spent with Denton based contractors or sub-
contractors.
Construction Costs_ W 000 000 See note on 9 Other
Percentage Local Contractors_ The proposed ALDI facility is a
500,000 SF Distribution Center and Re Tonal Wead uarters. A
large building implies that most of the trades will have hioh
value contracts• Both ALDI and BLL refer to engage iocal
trades but historical) f, a protect of this size and sco a ulla
need to staff insure bond nd finance contracts valued from
13. Construction Employment Estimates:
Start Date
Completion Date
No. of Construction
Estimated Total Construction Payroll $ I $7.8Wnnn Tha
M
waterline alon-g the east prope line at Westcourt/Underwood
Roads.
*Wastewater On -site lift station 1100 If of 3" force main and
1200 If of 8" gravity main along Westcourt Road
*Streets Westcourt Road will be im roved from Airport
Road to the proposed ALDI nronertv and include road
improvements along the east ro line at
Westcourt/Underwood Roads.
*Drainage Drainage associated with Westcourt Road
improvements
*Other 300 If of 3" natural as alon Wesficourt Road
NOTE: The.extent and scope of the road Improvements are
being discussed with ALDI.
13. Project Operation Phase. Provide employment information for the number
of years tax abatement is requested.
See Attachment 6 for A-E.
R 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.
9 - District Managers . 66 to 90 OOp annual)
60 . Warehouse Personnel - 15 to 16.00/hour to start u to 18
I or 2 — Warehouse Mechanics , 50 000/annual)
1 Vice President/8 Directors — Executive Wa a Level
The above are projected wages for 2009 All ALDI personnel
receive full benefits includln med'ca I dental vision disabili
and life insurance and all of these are at no cost to the
employee The present cost to add an entire family is $150 00
er month. The com an also contributes to an
0011310yea retirement acka e.
G. Estimate annual utility usage for project; (Daren Sealover spoke to
Linda Ratliff —no need to fill this section out.)
Electric Water
14. Describe any other direct benefits to the City of Denton as a result
of this project (e.g., sales tax revenue or project elements identified
in Tax Abatement Policy, Section III).
source of revenue for the local educational s stem.
may realize sales tax collections based on these purchases
These new salaries will affect the local econom kl_ppn_payroll
dollars entering the businesses producing goods and services
in Denton,Texas.
4 Inventory Tax: ALDI's Distribution Centerwil distribute
goods throughout its Texas service tsrritory Due to these
oods remaining in the state the inventory housed in the
Penton Distribution Center will be assessed for orooe tax
including ciy county and school
J Local Purchases: ALDI's Distribution Centerwill require
standard 000ds and services in order to o erate and aintain^
a lar a facility a roximatel 500 000 s uare feet .
6 Electric Usa e: AL,DI's Distribution Center will consume
electricity from Denton Municipal Electric resulting in a
franchise payment to the City's general fund
7 New Business Park Infrastructure: ALDI's new business
site will result in new infrastructure im rovements that will
benefit overall business develo ment for this re ion of the
ci
ro'ect is ALDI's first foot riot in the State of Texas. As a
result this ro'ect would serve as the lead location for ALDI's
Southwest
9) Community Involvement: ALDI has an interest in
contributing to the local community and would explore areas
of interest in the City of Denton.
15. Is property zoned appropriately? Yes X No
Current zoning. RID-5
Zoning required for proposed project. ICG
Anticipated variances. Not Applicable
16. Is property platted? Yes No X
Will replatting be necessary? Yes X No
17. Discuss any environmental impacts created by this project.
ALDI's Distribution Center would represent a major employer
for the City of Denton which maintains an exemplary
environmental record. This proiect represents an industry and
employer considered environmentally conscience
A. List any permits for which applicant must apply, Applicant
will be required to provide City with copies of all applications
for environmental permits upon completion of application(s).
11 Site Plan;2) Utility 31, Water/Waste Water; 4) Fire_
5 Electric-, 6 Buildin Floor Plan: 7 Bldg, Elevation
Plan: 8) Landscape: 9) Engineered Plan for Foundation
B. Provide record of compliance to all environmental
regulations for the past five years.
This is a new location and therefore It is not applicable
18. Provide specific detail of any businesses/residents that will be
displaced and assistance that will be available from the requesting
company.
_blot Applicable
19. Provide description of any historically significant area included
within the projects area as determined by the Historic preservation
Officer. If any, give detail of how the historically significant area will
be preserved.
Not Applicable
20. Justification for Tax Abatement Request: Substantiate and more
fully describe the justification for this request. Include the amount
of the abatement requested and show how it will contribute to the
financial viability of the project. Submit attachments if necessary.
1 The North Texas site includes higher costs than
competitive_sites the company is performing due diligence on
The most onerous expense Includes the high property tax
levied against real. and Personal property ALDI plans to invest
uA to $50 million in a state -of --the art Distribution Center with
Texas bound invento The roe tax ex apse in Texas
adds an anti -competitive com onent to the rroect.
2 The site is mostly undeveloped and will require extensive
infrastructure iingmela. and movements. This circumstance
requires ALpI to make unique Investments outside of the
financial model for a new Distribution Center. A ublic/ rivate
artnemho will aid in infrastructure upgrades thus allowino
ALDI to focus its rima investment into constructin a
quality and competitive structure
31 Through the public/private Partnership ALDI will also
follow the company's financial model of investing in hirino
cLuality employees and setting competitive wages for this type
industry. Lower start-up costs translates into community
investment for the Iona -term
4) This project is new territory for ALDI and the Distribution
Center site will be the stage for launching ALDI's Texas
strategy. ALDI feels Texas will be a strong market for
its retail centers_ and this investment will prove to be critical to
such a new endeavor.
5) ALDI will require each new employee underoo company
training. This training will improve each employee's skills and
improve ALDPs chances for success in this new market lac®
21. List additional abatement factors to be considered for this project as
outlined on pages 3 and 4 of the Tax Abatement Policy.
The projectwill involve a si nificant relationshi wit one of
the two universities inDenton• At least 25°Ya of the new lobs
created bY the Prolect will be filled b Penton residents The
ro'ect will rovide knowled a -based 'obs at I®ast 25 Percent
of 'obs require college bachelor's de ree at eatry level.
22. Financial Information: Attach a copy of the latest audited financial
statement or, in the case of a new project, a business plan.
We will discuss our extensive financial data verbally with
consultants as directed by the City of Denton -Economic
Development ALDI is a private company and does not release
its financial statements to the public
This tax abatement application is submitted with the acknowledgement
that additional certified financial information may be required.
Authorized Signature
zne y, O07
Date "
ATTACHMENT 'I
CHRONOLOGY OF PLANT OPENINGS FOR ALDI
DIVISION
Aldi - Batavia Division
Aldi - Burlington Division
ADDRESS
1200 N. Kirk Road, Batavia, IL 60510-1477
3400 Mt. Pleasant Street, Burlington, IA 52601
486 East Stop 18 Road, Greenwood, IN 46143
475 Pearl Drive, O'Fallon, MO 63366
1319 West 130th Street, Hinckley, OH 44233
197 East Division Road, Valparaiso, IN 46383
4400 South Charleston Pike, Sprin field, OH 45502
2700 Saucon Valle Road, Center Valley, PA 18034
9342 South 13th Street, Oak Creek, WI 53154
300 State Rt *281, Tull , NY 13159
10505 S. K7 Highway, Olathe, KS 66061
1985 Old union Church Road, Salisbury, NC 28146
2025 North Stockbridge Road, Webberville, MI 48892
1 Aldi Drive, Dwight, IL 60420
6000 North Noah Drive, Saxonburg, PA 16056
2080 Aldi Boulevard, Mt. Juliet, TN 37122
4201 Bagley Avenue North, Falrbault, MN 55021
DATE OPENED
6/20/1980
1/30/1984
7/13/1987
6/23/1990
7/14/1990
ACRES
114
12
78.9
82
93
Aldi - Greenwood Division
Aldi-O'Fallon Division
Aldi - Hinckl Division
Aid! - Valparaiso Division
Aldi - Springfield Division
Aldi -Center Vaii Division
Aldi - Oak Creek Division
Aldi -Tully Division
Aldi -Olathe Division
Aldi - Salisbury Division
Aldi - Webberville Division
Aid! -Dwight Division
8/8/1992
7/19/1993
88.3
91.5
9/12/1994
Z/23/1998
10/5/1998
66
108.5
138.5
10/14/1998
3/26/2001
8/11/2003
10/6/2003
10/1/2004
10/3/2005
TENT 10/1/2007
TENT 10/1/2007
TENT 2008
TENT 2008
166
249.8
76,08
124.95
107.87
98.31
132
100.67
N/A
N/A
Aldi -Saxonburg Division
Aldi - ML Juliet Division
Aid! - Faribault Division
Aidi - Frederick Division
Aldi - Orlando Division
Aldi -South Windsor Division
8751 Gas House Pike, Frederick, MD 217011
45023 Street SW, Suite 600, Orlando, FL 32811
828 Sullivan Avenue, South Windsor, CT 06074
DEN, KSanders, per.5,3a.07
0AYDocumerWOhronology,doc
� 0
T
5;�
ATTACHMENT 2
ATTACHMENT 3
VINCIW MAP
N TS
ATTACHMENT 4
VAGE 1 OF 15
$143.35
TAX CERTIFICATE
DATA TRACE
REMITC.ERTFEE To.
DATA 7RACE
2229 AVE J, SUITE 101
P. D. BOX 848244
ARLINGTON, TX 76008
817-261-8190 FAX 817.69S4121
DALLAS, 7X 75284
COST: REPUBLIC TITLE OF TEXAS, INC BRANCH: CR7 PAULETTE HUBBARD
GFO: 07R0863D CLOSER: ORDER TYPE: T SUBTYPE: 1
DATE: 03/21/07
55 R36661
25 R-36730
[R-737346R-64446
UADACCOUNTNUMBERSUMMARY
R•36689 R
R-W734 R-37009
R-67475
R-36720
R-37038
SUMMARY OF ALL ACCOUNT($)
SUMMARY OF CURRENT YEAR
SUMMARY OF ALL TAXES DUE
DENTON COUNTY
TAX YEAR BASE TAX
DUE 03107
DUE 04/07
ISO - DENTON
2006 832.38
0.00
0.00
CITY OF DENTON
2008 5,
O.OD
0. 00
ISD2006
- PONDER
38602
388.02
0,00
0,00
NO
NO CITY OR TOWN
2006 520.90
0.00
0.00
TOTAL TAX
2006 0.00
0.00
6.00
7'A78,75
0.00
n nn
COMMENTS**********CAUTIOI,J**-** READ BEFORE CLOSING***'******
# R36655
- ACCOUNT MAY BE SUBJECT TO AG ROLLBACK TAXES FOR
2006 AND PRIOR YEARS
t R-36661
- ACCOUNT MAY BE SUBJECT TO AG ROLLBACK TAXES FOR
2006 AND PRIOR YEARS
f R-368M
ACCOUNT MAY BE SUBJECT TO AG ROLLBACK TAXES FOR
2006 AND PRIOR YEARS
R3a69:}
ACCOUNT MAY BE SUBJECT TO AG ROLLBACK TAXES FOR
2006 AND PRIOR YEARS
t R-38720
ACCOUNT MAY BE SUBJECT TO AG ROLLBACK TAXES FOR
2006 AND PRIOR YEARS
R-36725
- ACCOUNT MAY BE SUBJECT TO AG ROLLBACK TAXES FOR
2006 AND PRIOR YEARS
R-36730
- ACCOUNT MAY BE SUBJECT TO AG ROLLBACK TAXES
FOR
20D8 AND PRIOR YEARS
R-36734
- ACCOUNT MAY BE SUBJECT TO AG ROLLBACK TAXES
FOR
2006 AND PRIOR YEARS
i237000
- ACCOUNT MAY BE SUBJECT TO AG ROLLBACK TAXES
FOR
2006 AND PRIOR YEARS
R37038
- ACCOUNT MAY BE SUBJECT TO AG ROLLBACK TAXES FOR
2006 AND PRIOR YEARS
CAD# R37346 - ACCOUNT MAY BE SUBJECT TO AG ROLLBACK TAXES FOR
2000 AND PRIOR YEARS
CAD# R-64446 - ACCOUNT MAY BE SUBJECT TO AG ROLLBACK TAXES FOR
D6 AND PRIOR VEARS
Purposes anty and may be Telied upon only ly Kepublic
Title uf Tams, Inc, for dK fasuance of title imranm and
not by arty atha pa ft for mry odw purpose,
is
TAX CERTIFICATE
DATA TRACE
2229 AVE J, SUITE 101
ARIJNGTON, TX 7WO6
817-281-8190 PAX 817-6954121
ws7t REPUBLIC TITLE OF TEXAS, INC BRANCH; CR7 PAULETTE HUBBARD
GF#; 07ROU30 CLOSER; ORDER TYPE- T SUBTYPE: I DATE; 03JR11o?
CAD# R-67475
COMMENT 22
COMMENTI
DENTON COUNTY
- ACCOUNT MAY BE SUBJECT TO AG ROLLBACK TAXES FOR
2006 AND PRIOR YEARS
- REQUESTED 2A49.00@ - REPORTED 2,373.S43@
- MAP ATTACHED
• PROPERTY REQUESTED ASSESSED WITH OTHER PROPERTY
• THE COUNTY REQUESTS THAT YOU ONLY SEND ONE (1)
PAYMENT CHECK FOR ALL ENTITIES THEY COLLECT
CAD# R.3sm
G01 SOS
DESC A0873A J. MCDONALD, TRACT 3, ACRES 620,3013, OLD DCAO
TR2ISGK
TR 1 ABET/SUB
A0873A
ID
ACREAGE 620.301
SITUS
MAIL C/O THE STRATFORD COMPANY L 5949 SHERRY LN STE 1750 DALLAS TX 75D226-80 EED 238410
ASSESSED OWNER(S)
SLFII COLEPROPERTY I.P
2006ASSESSED VALUES
LAND
4,6W,260
IMPROVEMENT
43,644
MARKET VALUE
4,095,904
SUBJECT TO ROLLBACK TAXES
DEFERRED VALUE
4,676.837
SPECIAL VALUE,
110.267
TAX ENTITY INFORMATION
P O BOX 90223 DENTON TX 76202
rH T tvIM 4AZi OF 03112107
PHONE 972-4348835
06 TAX RATE 0.2319200
EXEMPTIONS NONE
W/O EXEMPT 10,890.74
YR
BASE TAX
BASE pUE DUE 03107 DUE 04107
OB
278.60
0.00 "" PAID 11/06/06 *"
SUBTOTAL
276.60
0.00 0.00 0.00
ISO - DENTON
COLLECTED BY DENTON CO
PAYMENTS AS OF 03 2107
PHONE 972 134.8836
06 TAX RATE 1.7640000
EXEMPTIONS NONE
W/O EXEMPT 82.83S.7S
YR
BASE TAX
BASE DUE DUE 03107 DUE 04107
06
SUBTOTAL
2,103.87
0.00 ' PAID 11/06/06 —
2,103.87
0.00 n _ __
PAGE 3 OF 15
TAX CERTIFICATE
DATATRACE
2229 AVE J, SUITE 101
ARUNC,TON, TX 76006
817-261.8190 FAX 617-895-4121
REPUBLIC TITLE OF TEXAS, INC BRANCH: CR7 PAI1LETr
�••• ��
�wsttc: ORDER TYPE. T SUBTYPE.1
DATE:
03121W
SUMMARY OF ACCOUNT R-36655
DENTON COUNTY
TAX YEAR BASE TAX
DUE 03/07
DUE 04/D7
ISO - DENTON
2006 276.60
0.00
0.00
TOTAL TAX
2006 2,103.87
0-00
0.00
_ 2,380.47
D.00
AAA
R-39881
G01 SOS
A0970A WMI. NEOA, TRACT 5, ACRES 55.031, OLD DCAD TR 4A,5 ABST/sUB
TR2/SGK
A0970A
ID
55.031
DEED
C/O THE STRATFORD COMPANY L 5949 SHERRY LN STE 1750 DALLAS TX 75225.80 0512274
OWNER(S)
SLFII COLE PROPBRrYLP
.2006 ASSESSED VALUES
LAND
412,733
IMPROVEMENT
3,881
MARKET VALUE
416,014
3 ROLLBACK TAXES
DEFERRED VALUE
408,881
SPECIAL VALUE
71738
IAX ENTITY INFORMATION
IDENTON COUNTY
P O BOX 90223 DENTON TX 76202.
PAYMENTS AS OF
03/12/07
PHONE 972.434.8835... .•
OB TAX RATE
0 23192D0
W/O EXEMPT
9862"
EXEMPTIONS NONE
YR
BASE TAX
BASE DUE DUE 03/07
DUE 04/07
06
17.93
0.00 " PAID 11M6/06—
SUBTOTAL
17.93
0.00 0.00
0.00
ISD-DENTON
COLLECTED BY DENTON CO
PAYMENTS AS OF
03/12/07
PHONE 972434-8635
00 TAX RATE
1.7640000
W/O EXEMPT
7,349.07
EXEMPTIONS NONE
YR
BASE TAX
BASE DUE DUE 03/07
DUE W07
08
136.41
0.00 ' PAID 1limos "
SUBTOTAL
13GAI
0.00 0.00
0,00
SUMMARY OF ACCOUNT R-36661
DENTON COUNTY
TAX YEAR
BASE TAX DUE OW
DUE M117
ISO - DENTON
2006
17.93 0,00
0.00
TOTAL TAX
2006
138A1 0.00
0.00
PAGE 4OriS
REPUBLIC Trma OF TEXAS, INC
TAX CERTIFICATE
DATA TRACE.
2229 AVE J. SUITE 101
ARLINGTON, TX 76W6
817-201.8190 PAX 817.0954121
BRANCH: CR7 PAULETTE HUBBARD
ORDER TYPE T SUBTYPE: i
R36689
G01 S05
A1610A J. W. KJELBERG, TRACT 1 & 2, ACRES 159.9417, OLD DCAD
TR2ISOK
ABSTISUB ID A1610A
TR #1 & 2
159.941
GO THE STRATFORD COMPANY L 5949 SHERRY LN STE 1750 DALLAS TX 7S225-80
D O
SL.LP 9 C)
ACOLE PROPERTY LP
2008 ASSESSED VALUES
LAND
1,199,563
IMPROVEMENT
0
MARKET VALUE
1,199,583
TO ROLLBACK TAXES
DEFERRED VALUE
1,181,989
SPECIAL VALUE
17.594
P O BOX 90223 DENTON TX 762D2
PHONE 972.434-8835
EXEMPTIONS NONE
lc*l
PHONE 972,434.8835
EXEMPTIONS NONE
JTON COUNTY
- DENTON
AL TAX
TAX ENTITY INFORMATION
TAX BASE
TR
BASE TAX BA
OB
310.36
SUBTOTAL
310.36
SUMMARY OF ACCOUNT R36689
TAX YEAR
BASE TAX
2006
40.80
2006
310.30
351.16
06 TAX RATE 0.2319200
WlO EXEMPT 2,782.03
bUE 03107 DUE 04107
U.00 ' PAID 11/0U106 *^
0.00 0.00
p,p�
IS AS OF
03/12/07
06 TAX RATE
1.7640000
WIO EXEMPT
21,160.29
)UE DUE 03/07
DUE 04107
).DO "'" PAID 1licsM6 —
).DO 0.0D
0.00
DUE 03107 DUE
0.00
0.00
0.00
15
TITLE OF TEXAS, INC
CLOSER:
TAX CERTIFICATE
DATA TRACE
2229 AVE J, SUITE 101
ARLINGTON, TX 76006
817-Ml-8190 FAX 817.6954121
ORDER TYPE: T
HUBBARD
1
CAD# R38693
G01 S05
DESC A1292A T & P, TRACT 1, ACRES 335.510, OLD DCAD TR 1 ABET/SUB ID A1202A
TR2/SGK
ACREAGE 335.510
SITUS
MAIL 010 THE STRATFORD COMPANY L 5949 SHERRY LN STE 17$0 DALLAS
ASSESSED OWNER(S)
TX 75225.80
SLF11 COLE PROPER7YLP
2000 ASSESSED VALUES
LAND
2,516,325
IMPROVEMENT
0
MARKET VALUE
2,516,325
SUBJECT TO ROLLBACK TAXES
DEFERRED VALUE
2,479,419
SPECIAL VALUE
38,90E
TAX ENTITY INFORMAT70N
DENTON COUNTY
P O BOX 00223 DENTON TX 78202
PAYMENTS AS OF
03/12107
PHONE 972.434-8835
06 TAX ATE
02319200
WJO EXEMPT
5,835.86
EXEMPTIONS NONE
YR BASE TAX BASE DUE DUE 03107
DUE "M7
08 85,59 0.00 ' PAID 1IMBMSM
SUBTOTAL 65.59 0.00 0.00
0.00
ISD - DENTON
COLLECTED 13Y DEN TON CO
PAYMENTS AS OF
03M2/07
PHONE 972 434-8935
06 TAX RATE
1.7640000
W/O EXEMPT
44,387.87
EXEMPTIONS NONE
YR BASE TAX BASE DUE DUE 03107
DUE 04107
06 651.02 0.00 — PAID 11/00/00 —
SUBTOTAL 651,02 0.00 0.00
0.00
SUMMARY OF ACCOUNT R-36693
DENTON COUNTY
TAX YEAR BASE TAX DUE 03107
DUE 04M7
ISO-DENTON
200E 85.59 0.00
0.00
TOTALTAX
2006 651,02 0.00
0.00
738.61 0.00
n M
PAGE 8 OF 15
TITLE OF TEXAS, INC
TAX CERTIFICATE
DATA TRACE
2229 AVE J. SUITE 101
ARLINGTON, TX 76D06
817-281-8190 FAX 817-695.4121
BRANCH: CR7 PAULETTE HUBBARD
ORDER TYPE: T SUFiTVt
1
R-38720
A0851A A.C. MADDEN, TRACT 1, ACRES 153.600, OLD DCAD TR 1 ABST/SUB ID
A0851A
151500
COLE RD
DEED
C/O THE STRATFORD COMPANY L 5949 SHERRY LN STE 1750 DALLAS TX 76225-80
OWNER(S)
SLFU COLE PROPER7YLP
BJECT TO ROLLBACK TAXES
TAX ENTITY INFORMATION
DATE:
G01 S05
TR2/SGK
0512274
200E ASSESSED VALUES
LAND 1,151,250
IMPROVEMENT 0
MARKETVALUE 1,151,2S0
DEFERRED VALUE 1,134,365
SPECIAL VALUE 461885
P O BOX 9D223 DENTON TX 76202
03/12107
PHONE 972-434.8835
06 TAX RRTfi
02319200
W/O EXEMPT
2,669.98
EXEMPTIONS NONE
YR
BASE TAX BASE DUE ouE 03/07
DUE 0410T
06
39,16 0.00 *^• PAID 11106106 *'*
SUBTOTAL
3a.16 0.00 0.00
0.00
ISD-DENTON
COLLeCT£O BY DENTON CO
PAYMENTS AS OF
03/12I07
PHONE 972-43"835
0 �'�
1,7840000
W/O EXEMPT
20,308.05
EXEMPTIONS NONE
YR
BASE TAX BASE DUE DUE 03M7
DUE 04107
OB
297.85 O.OD — PAID 111=6
SUBTOTAL
297.85 0.00 0.00
0.00
SUMMARY OF ACCOUNT R•35720
DENTON COUNTY
TAX YEAR
BASE TAX DUE 03107
DUE 04/07
ISO - DENTON
2006
39.16 0.00
0.00
TOTAL TAX
2006
297.85 0,00
0.00
337.01 D,00
n.nn
TAX CERTIFICATE
DATA TRACE;
2229 AVE J. SUITE 101
ARLINGTON, TX 76006
817-261-8190 FAX 617-695.4121
OF TEXgs, INC BRANCH. CR7 PAULETTE HUBBARD
CLOSER: ORDER TYPE: T SUBTYPE. i
R 38725
AMAA L N. HEMBRIE, TRACT 1, ACRES 153,559, OLD OCAD TR 1 ABST/SUB I
D A0994A
153,559
UNDERWOOD RO
0/0 THE STRATFORD COMPANY L 5949 SHERRY LN DEED
OWNER(S)
STE 1730 DAILAS TX 75225 Sp
SLFM COLS PROPERTY LP
7 OF
DATE:
G01 SOS
TR2fSGK
0512274
2008 ASSESSED VALUE6
LAND
11151.693
IMPROVEMENT
0
MARKET VALUE
1,151,693
SUBJECT TO ROLLBACK TAXES
DEFERRED VALUE
1,134,802
SPECIAL VALUE
10,891
TAX ENTfTY INFORMATION
DENTON COUNTY
P O BOX 99223 DENTON TX 76202
PAYMENTS AS OF
o3n2/or
PHONE 972434-6835
06 TAX RATE
0.2319200
EXEMPTIONS NONE
W/O EXEMPT
2,671.01
YR
BASE TAX
BA3E DUE DUE 03/07
PUE04107
O6
SUBTOTAL
39.17
0.00 -PAID 11/06/06 —
ISD.oeNroN
39.17
0.00 0.00
0.00
COLLECTED EsYbENTON CO
PAYMENTS AS OF
03M7J07
PHONE 972-434-SM
06 TAX RATE
1.7640000
EXEMPTTONS NONE
W/O EXEMPT
20,315.86
YR
BASE TAX
BASE DUE DUE 03/07
DUE 04107
08
SUBTOTAL
297.96
0.00 ' PAID
11/00/08 —
297.98
0.00 0,00
O,pp
SUMMARY OF ACCOUNT R-36725
DENTON COUNTY
TAX YEAR
BASE TAX DUE 03107
DUE 04107
LSD- DENTON
2006
39.17 0.00
0.00
TOTAL TAX
2005
297.96 0.00
0.00
337.13 0.00
n nn
--
PAGE80F15
TAX CERTIFICATE
DATA TRACE
2229 AVE J, SUITE 101
ARLINGTON, TX 76008
817-281-8190 FAX 817-695.4121
COST: REPUBLIC TITLE OF TEXAS, INC
BRANCH: CR7 PAULETTE HUBBARD
GFp. OTR08830 CLOSER:
ORDER TYPE: T SUBTYPE;1
PATE: 03121/07
CAD# R-36730
X301505
DESC A14WA C.W, BYERLY, TRACT 2,
ACRES I10.500, OLD DCAD
TR9J5GK
A145BA
TR #1 ABST/SUB 1D
ACREAGE 110.500
MAIL CIO THE STRATFORD COMPANY L 5949 SHERRY LN STE 1750 D DEED OS 12274
ASSESSED OWNER(S)
ALLAS TX 75225 80
SLF H COLE PROPER7y Lp 2008 ASSESSED VALUE:
LAND 828,750
IMPROVEMENT 0
MARKETVALUE 828,750
SUBJECT TO ROLLBACK TAXES DEFERRED VALUE 816,595
SPECIAL VALUE 12,195
TAX ENTITY INFORMATION
P 0 BOX 90223 DENTON TX 76202
PHONE 972-434-MS
06 TAX RATE
0.2319200
W/O EXEMPT
1,922.04
EXEMPTIONS NONE
YR
BASE TAX
BASE DUE DUE 03107
DUE 04107
06
28.19
0.00 ' PAID
11/06/06 *""
SUBTOTAL
28.19
O.Oo 0.00
0.00
IND-DENTON
COLLECTS BY DENTON CO
PAYMENTS AS OF
03/12/07
PHONE 972-434.8835
06 TAX RATE
1:7640000 .
EXE MPTIONS NONE
W/O EXEMPT
14,619.15
YR
BASE TAX
BASE DUE DUE 03/07
OUE 04/07
06
214.41
0.00 " PAID11/06/p6"
SUBTOTAL
214.41
0.00 0,00
0.00
SUMMARY OF ACCOUNT R-36730
DENTONCOUNTy
TAXYEAR
BASETAX DUE03107
DUE
ISO . DENTON
2006
28.19 0.00
p,pp
TOTAL TAX
2006
214.41 0.00
0.00
TAX CERTIFICATE
DATA TRACE
2229 AVE J. SURE 101
ARLINGTON, TX 760D6
817-261-8190 FAX 817.695.4121
TEXAS, INC BRANCH, CR7 PAULETiE HUBBARD
CLOSER: ORDER TYPE. T SUB11TE:1
R-36734
A1656A J. W. HARDIN. TRACT 1, ACRES 150.000, OLD DCAD TR 1 ABST/SUB 07
A1656A
150.000
C05
040 R. SCOTT HUDSON 3113 LAKE HIGHLANDS DR HIGHLAND VIU_ TX 75077--18&
OWNER(S)
HUDSON AAM11 V I rn arc
TO ROLLBACK TAXES
TAX ENTITY INFORMATION
C05 G01 S05
TR2/SGK
Fki'1,E-CE
2006 ASSESSED VALUES
� Nu
2,674,960
IMPROVEMENT
23,057
MARKET VALUE
2,698,017
DEFERRED VALUE
2,536,404
SPECIAL VALUE
61, I12
DENTON COUNTY
P O BOX 90223 DENTON TX 76202
PAYMENTS AS OF
03l12107
PHONE 972-434-8835
OB TAX RAPE
0.2318200
W/O EXEMPT
6,025.32
EXEMPTIONS NONE
YR
BASE TAX BASE DUE DUE OW07
DUE 04107
06
142.89 0.00 — PAID 01129107""
SUBTOTAL
142.89 0.00 0.00
0:00
CRY OF DENTON
1
601 E HICKORY SUITE F DENTCN TX 76205
PAYMENTS AS OF
03/08/U
PHONE 940.W4 6318
OS TAX RATE
0,62657.06
W/O EXEMPT
10,277.10
EXEMPTIONS NONE
YR
BASE TAX BASE DUE DUE 03107
DUE 041M
ISD -DENTON
COLLECTED BY DENTON CO
PHONE 972-434-8835
EXEMPTIONS NONE
388.02 0.00 0.00 0.00
PAYMENTS AS OF 03/12/07
06 TAX RATE 1.76400D0
W/O EXEMPT 45,829.02
1SE TAX BASE DUE DUE 03M7 DUE D4/07
1,088.85 0.00 "PAID 01/29107
1,086.85 0.00 0.00 0.06
PAGE 10 OF 15
TAX CERTIFICATE
DATATRACE
2229 AVE J, SUITE 101
ARLINGTON, TX 760M
$17-281-8190 FAX 817-B85.4121
CUST: REPUBLIC TITLE OF TEXAS, INC
BRANCH: CR7 PAULETTE HUB13ARD
GF#: 07R08830 CLOSER:
ORDER TYPE: T SUBTYPE:1
DATE
03121107
SUMMARY OF ACCOUNT R-30734
DENTON COUNTY
TAX YEAR BASE TAX
DUE=07
DUE04107
OF
2008 142.89
0.00
0.00
SD
ISD - DENTTONON
2008 380.02
0.00
0.00
TOTAL TAX
2006 11086.86
0.00
0.00
1,015.78
0.00
0.00
CAD# R-417009
G01 SOS
OESC A1540A J. BACON, TRACT 2, ACRES 7.400, OLD DCAD TR 2 ABSTISUS
TR2ISGK
A
ID A1540
ACREAGE 7.400
SITUS
MAIL C/O THE STRATFORD COMPANY L 5949 SHERRY LN STE 1750 DALLAS
DEED 0512274
TX 75225.80
ASSESSED OWNER(S)
SLP U COLE PROPERTY LP
2006 ASSESSED VALUES
LAND
55,500
IMPROVEMENT
0
MARKET VALUE
55�5p0
SUBJECT TO ROLLBACK TAXES
DEFERRED VALUE
54,6W
SPECIAL VALUE
814
TAX ENTITY INFORMATION
DEN70N COUNTY
PAYMENTS AS OF
P O BOX 90223 DENTON Tx 78202
03/1210T
PHONE 872 434 8635
OB i Ak RATE
0.2319200
W/O EXEMPT •
129.72
EXEMPTIONS NONE YR BASE TAX
BASE DUE DUE 03107
DUE 04107
06 1.89
0.00 "' PAID 11106106'"'
SUBTOTAL 1.89
0.00 0.00
0.00
COLLECTED BY DENTON
PHONE 972.434.8835
EXEMPTIONS NONE
YR BASE TAX SASE
06 TAX RATE
W/0 EXEMPT
08 14.36 0.00 .» P
SUBTOTAL 1436 0.00 0.00
SUMMARY OF ACCOUNT R-37009
ITON COUNTY TAX YEAR BASE TAX DUE 03107
-DENTON 2006 1.89 0.00
AL TAX
2008 14.36 0.00
16.25 n nn
1.7640000
970.02
DUE 04/07
11/00i06 ""
0.00
DUE
PAGE
0
CUST: REPUBLIC TITLE OF TEXAS, INC
GFl1: 07ROB830 c1 nec
TAX CERTIFICATE
DATA TRACE
2229 AVE J, SUITE 101
ARLINGTON, TX 7800E
817-261-8190 FAX 817.8954121
BRANCH: CR7 PAULETTE HUBBARD
ORDER TYPE,• T SUBTYPE; i DATE:
R-3T038
G01 S'
A0353A J. DALTON, TRACT 0, ACRES 6.000, OLD DCAD TR OI ASSTISUB ID AW
63A
TR2lSGK
6.000
DEED
C/0 THE STRATFORD COMPANY L 5949 SHERRY LN STE 1750 DALIAS TX 75225.80 243 572
D OWNER(S)
2000 ASSESSED VALUES
SLFA COLE PROPERTY LP
LAND
45,000
IMPROVEMENT
0
MARKET VALUE
46,000
DEFERRED VALUE
TO ROLLBACK TAXES
44,340
SPECIAL VALUE
8Bo
TAX ENTITY INFORMATION
-
P O BOX
9OZZ
DENTTX 78202
.......�......-... v,
VJ l4V/
PHONE 972.434-8835
72-43 .8aw
08 TAX RATE
0.2319200
WIO EXEMPT
104.36
EXEMPTIONS NONE
YR
BASE TAX
BASE DUE DUE 1=07
DUE 04107
06
1.04
0.00 " PAID I11OM6 —
SUBTOTAL
1,53
0.00 0.00
0.00
IMF- DENTON
COLLECTED BY DENTON CO .
PAYMENTS AS OF
03112/07
PHONE 872-434.B835
067 RATE
I-TV40000
W/O EXEMPT
793.80
EXEMPTIONS NONE
YR
BASE TAX
BASE DUE DUE 03/07
DUE 04l07
06
11.64
0.00 PAID 11/06106 —
SUBTOTAL
11.64
0.00 O.OD
0.00
SUMMARY OF ACCOUNT R-3T038
DENTON COUNTY
TAX YEAR
BASE TAX DUE EWD7
DUE 04107
ISO - DENTON
2006
1.53 OAO
0X0
TOTAL TAX
2000
11.64 0.00
0,00
13.17 0.00
n nn
PACE 12 OF 1 S
TAX CERTIFICATE
DATA TRACE
2229 AVE J. SUITE 101
ARLINGTON, TX 76006
817-261-8190 FAX 817.8954121
COST; REPUBLIC TITLE OF TEXAS, INC BRANCH: CR7 PAULETTE HUBBARD
GP4, 07ROSS30 CLOSER: ORDER TYPE. T SUBTYPE 1 DATE: 03/21/07
CAD# R37346 G01 S05
DESC A1707A T.C, CARRUTH, TRACT 1, ACRES 4.190, OLD DCAD TR 1 A13STISUB ID A TR2/8GK
1707A
ACREAGE 4.1g0
SITUS
DEED
MAIL CIO THE STRATFORD COMPANY L 5949 SHERRY LN STE 1760 DALLAS TX 75225-80 OS 12274
ASSESSED OWNER(S) 2Q06 ASSESSED VALUES
SLFfI COLE PROPEtTYLP LAND
31.425
IMPROVEMENT 0
MARKET VALUE 31,425
SUBJECT TO ROLLBACK TAXES DEFERRED VALUE 30,964
SPECIAL VALUE 461
TAX ENTITY INFORMATION
IDCO COUNTY
P O BOX 90X 90223 DENTON TX 76202
PAYMENTS AS OF
03M2707
PHONE 972-434-8835
06 TAX RATE
0.231920D
WfO EXEMPT
72.88
EXEMPTIONS NONE
YR
BASE TAX
BASE DUE DUE 03107
DUE 04107
OB
1.07
0.00 "" PAID 11/06106'"'
SUBTOTAL
1.07
0.00 0.00
0.00
L4D , DENTON
COL ECTEDIBY DENTON CO
PAYMENTS AS OF,,;, ._.
03M2fi7
PHONE 972-434-6635
06 TAX RATE .
:1.7840000
WIO EXEMPT
554.34 '
EXEMPTIONS NONE
YR
BASE TAX
BASE DUE DUE 03107
DUE 04107
06
8.13
0.00 "" PAID 11/06/06
SUBTOTAL
8.13
0.00 0.00
0.00
SUMMARY OF ACCOUNT R-37349
DENTON COUNTY
TAX YEAR
BASE TAX DUE 03/07
DUE 04/07
ISD - DENTON
2006
1 07 O.00
O.ao
TOTAL TAX
2006
8.13 0.00
0.00
s2Q an„
TAX CERTIFICATE
DATA TRACE
2228AVE J, SUITE 101
ARLINGT.ON; TX 76006
817=-61'-8180 FAX G17-685-g121
R-64448
A0132A J.A. BURN, TRACT 1, ACRES 305.000, OLD
pCpp TR #y ABST/SUB IDA
30SA00
WOLFE RD
C/o THE STRATFORD COMPANY L 5949 SHERRY LN STE 1750 DAI LAS TX 7 DEED
OWNERS)
225-80
SLF // COLE PROPERTY LP
TO ROLLBACK TAXES
P O BOX 90223 DEMON TX 66202
PHONE 972-434.8835
EXEMPTIONS NONE
TAX ENTITY INFORMATION
YR SASE TAb
0~8 77.81
GA!SD-PONDER
COLLECTED 8Y DENTON CO
�^
PAYMENTS AS OF.
PHONE 072-434.8635
06 TAX RATE
EXEMPTIONS NONE
WIO EXEMPT
YR
BASE TAX BASE DUE DUE 03/07
06
520.80 0,0D + p
SUBTOTAL
520.90 0.00 0.00
SUMMARY OF ACCOUNT R-64446
TAX YEAR
BASE TAX DUE 03107
DENTON COUNTY
2006
77.81 0.00
ISD - PONDER
2006
52020 0.00
TOTAL TAX
%8.71 0.00
PAGE 13 of l5
G01313
TR213GK
0512274
2008 AaWUED VA
LAND
L"nc
2,287,500
IMPROVEMENT
MARKETVALUE
0
DEFERRED VALUE
2 2o
SPECIAL VALUE
212,950
33,53
550
06 TAX RATE` y2C
W/o EXEMPT 5,305.17
DUE DUE 03107 DUE 04
0'� "^ PAID 11/081ne ^�
0.00
1.552610D
35,515.85
DUE 04107
� 11/08/06 "
0.00
DUI: Od/07
0.00
0.00
0.00
PAGE 14 OF 15
TAX CERTIFICATE
DATA TRACE
2229 AVE J. SURE 101
ARLINGTON, TX 76006
817-261-8190 FAX 817-695-4121
OUST: REPUBLIC TITLE OF TEXAS, INC BRANCH: CRT PAULETTE HUBBARD
GF#: 07ROBB30 CLOSER: ORDER TYPE: T SUBTYPE: 1 DATE:
CAD# R-67475
C-01 S05
DM A0176A B.B.B. & C.RR, TRACT 1 & 2, ACRES 312.610, OLD DCAD
TRWSGK
TISUISID A0176A
TR
#1 ABS
ACREAGE 312.610
SITUS
MAIL C/O THE STRATFORD COMPANY L 5949 SHERRY LN STE 1750 DALLAS
DEED 0512270
TX
ASSESSED OWNERS)
75225.80
SLRp COLE PROPERTY LP
20D6 ASSESSED VALUES
LAND
2,344,575
IMPROVEMENT
p.
MARKET VALUE
2,344,575
SUBJECT TO ROLLBACK TAXES
DEFERRED VALUE
2,310,188
SPECIAL VALUE
34.387
TAX ENTITY INFORMATION
DENTON COUNTY
P O BOX TX 76202
PAYMENTS AS OF
03/12/07
72-43 -8835DENT
PHONE 972-434-8835
7 TAX RATE
0.2319200
W/O EXEMPT
SAV.54
EXEMPTIONS NONE
YR BASE TAX
RASE DUE DUE 03107
DUE 04107
06 79.75
0.00 - PAID 11/06/06'
SUBTOTAL 79.75
0.00 0.00
0.00
NO CITY OR TOWN
} NOT IN CITY LIMITS
PAYMENTS qSOF
03/21/07
PHONE
08 TAX RATE
0.0000D00
W/O EXEMPT
0.00
EXEMPTIONS NONE
YR BASE TAX
BASE DUE DUE 03/07
DUE 04107
06 QAO
0100 " NO
TAX DUE"
SUBTOTAL 0.00
0.00 0.00
0.00
ISO - pENTON
COLLECTED BY DENTON CO
PAYMENTS AS OF
03/1y07
PHONE 972_4m 8835
06 TAX RATE
1.7640000
W/O EXEMPT
41.358.30
EXEMPTIONS NONE
YR BASE TAX
BASE DUE DUE 03107
DUE W07
06 606.59
0.00 " PAID 11100106"
SUBTOTAL 606.59
0.00 0.00
0.00
onr_v aer a�
, /�vL •J yr IJ
TAX CERTIFICATE
DATATRACE
2229 AVE J, SURE 101
ARLINGTON, TX 76006
817-261.8190 FAX 817-6954121
CUST: REPUBLIC TITLE OF TEXAS, INC BRANCH: CR7 PAULETTE HUBBARD
OFF Mom CLOSER: ORDER TYPE: T SUBTYPE. 1 DATE:
0=1107
SUMMARY OF ACCOUNT R-67475
TAX YEAR BASE TAX DUE 03y07
DUE 04107
DENTON COUNTY 2006 79.75 0;00
0.00
NO CITY OR TOWN 2006 0.00 0100
0.00
ISD-DENTON 2008 606.59 0100
0.00
TOTAL TAX 688.34 0100
- 0.00
CERTIFICATION, CONDITIONS AND EXCLUSIONS
THIS CM iF1ES THAT ALL AD VALOREM TAXES APPLICABLE TO THE ABOVE REFERENCED
PROPERTY HAVE BEEN CHECKED AND FOUND TO HAVE THE STATUS INDICATED.
T. THIS CERTIFICATION DOM NOT DOVER ANY CHANGES MADE TO THE TAX ROLL OR RECORDS AFTER THE
'PAYMEW
A$ OP DAM LISTED �TI
Z THISN$DOWMENT DOES NOT COTUTE A REPhRT ON OR CUM;1CATION OF MINERAL
(PRODUCTIVE AND
NONPRODUCTIVE) TAXES, LEASES. PERSONAL PROPERTY TAXES OR OTHER NON AO VALOREM TAXES (SUCH
AS PAVING L1EN%STAND-BY CHARGES OR MAINTENANCE ASSESSMENTS} THESE ITEMS MAY BE IKOLVD96
FOR CONVENIENCE PURPOSES ONLY,
3. THIS CERTIFICATE IS NOT TRANSFERRABLE AND IS ENFORCEABLE ONLY BY THE PARTY TO WHICH IT HAS
BEEN ISSUEO. -.
hRINTED BY TRRWSK8
Tirls tax oeRiflcah Is bNn4 Prodded for Informaftrml
purposes only and mey be MUM Upon 0* by Republic
Title dTeas."for the issuance of t1Ue iRstaance and
I" Nvotherpartyfnranyotfierpurpose,
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EXHIBIT D.
ALDI Inc. Corporate Finance & Administration
1200 North Kirk Road
Batavia, IL 60510-1477
ALDI INC.
CERTIFICATE OF RESOLUTION
I, Lynn A. Moser, do hereby certify that I am the Assistant
Secretary of Aldi Inc. and that the following is a true copy of a resolution
duly adopted by the Board of Directors of said corporation by unanimous
written consent dated February 10,1998.
RESOLVED, that the Chairman orthe President
of Aldi Inc. is hereby authorized to execute real
estate transactions, including but not limited to
purchase or sale contracts, on behalf Aldi Inc.,
or to assign the authority to execute real estate
transactions for specific properties.
August 10.2007
Date Lynn A. Moser
Assistant Secretary
Tel: 630/879-8100
FAX: 630/879-9901
ALDI Inc. Corporate Finance & Administration
1200 North Kirk Road
Batavia, IL 60510-1477
As provided for in the corporate resolution dated February 10, 1998, I, Charles Youngstrom,
President of Aldi Inc. authorize Scott Huska
to execute all necessary documents related to the property generally described as:
See Attached Tax Abatement Agreement for the [hy of Denton TX
Augustin 7nn7 e 4 �
Date Charles oungst om
President
Tel: 630/879-8100
FAX:630/879-9901