HomeMy WebLinkAboutResolution - 2000-R0111 - Tax Abatement Agreement - X-FAB Texas - 2301 N. University - 04_06_2000Resolution No. 2000R0111
April 6, 2000
Item No. 40
RESOLUTION
WHEREAS, the City Council has determined to give notice of its intent to amend the
February 24, 2000 Tax Abatement Agreement with X-FAB Texas to include tangible personal
property in accordance with V.T.C.A. Tax Code Sections 312.204 and 312.208; and
WHEREAS, V.T.C.A. Tax Code Section 312.2041 requires notice of intent of the City
Council to be given to the presiding officer of the governing body of each taxing unit in which
the property to be subject to the Tax Abatement Agreement is located; NOW
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LUBBOCK:
THAT the City Secretary give notice as set forth in Exhibit "A" of the intention of the
City Council to amend the February 24, 2000 Tax Abatement Agreement with X-FAB Texas,
to include tangible personal property, said notice to be given to the presiding officers of each
governing body of each taxing unit having jurisdiction in assessing taxes on property located at
2301 N. University in the City of Lubbock, Lubbock County, Texas and further described as
being all of Tract A, Texas Instruments Addition, an addition to the City of Lubbock according
to the map, plat and/or dedication deed thereof, recorded in Volume 1363, Page 977, Deed
Records of Lubbock County, Texas (D.R.L.C.T.) and all of that abandoned Drake Street as
described by Correction Quit Claim Deed from the City of Lubbock to Texas Instruments
Incorporated, a Delaware corporation, recorded in Volume 1541, Page 32, D.R.L.C.T. and
being more particularly described by metes and bounds as follows:
BEGINNING at an aluminum disk monument found at the Northeast corner of said Drake
Street on the South line of Block 1, Lubbock State School Addition, an addition to the City of
Lubbock, according to the map, plat and/or dedication deed thereof, recorded in Volume
1143,Page 677, D.R.L.C.T. and also being North 0 deg. 01 min. 09 sec. East - 10.00 feet from
the Northwest corner of Lot 1, Lawson Addition, an addition to the City of Lubbock, according
to the map, plat and/or dedication deed thereof, recorded in Volume 838, Page 211, D.R.L.C.T.
THENCE South 0 deg. 01 min. 09 sec. West, along the East line of said abandoned Drake
Street, at 10.00 feet, passing the Northwest corner of said Lawson Addition, continuing along
the West line of said Lawson Addition, at 60.00 feet, passing the Southeast corner of said
abandoned Drake Street and the most Northerly Northeast corner of said Texas Instruments
Addition, continuing on for a total distance of 139.91 feet to an aluminum disk monument
found for the Southwest corner of said Lawson Addition;
THENCE South 89 deg. 58 min. 01 sec. East, along the North line of said Texas Instruments
Addition and the South line of said Lawson Addition, a distance of 143.27 feet to an aluminum
disk monument found for the most Easterly Northeast corner of said Texas Instruments
Addition and the Southeast corner of said Lawson Addition on the West Right-of-way of
University Avenue (F.M. 1264, variable width R.O.W.);
r
THENCE South 0 deg. 32 min. 04 sec. East, along the East line of said Texas Instruments
Addition and the West Right-of-way of said University Avenue, a distance of 2422.31 feet to a
1/2 inch iron rod set for corner;
THENCE North 89 deg. 27 min. 56 sec. East, along the East line of said Texas Instruments
Addition and the West Right-of-way of said University Avenue, a distance of 10.00 feet to a'/z
inch iron rod set for corner in the North Right-of-way of Loop 289 at the beginning of a curve
to the right having a radius that bears North 89 deg. 50 min. 33 sec. West, a distance of 215.00
feet;
THENCE Along the North Right-of-way of said Loop 289 and along said curve to the right,
with a chord that bears South 42 deg. 01 min. 23 sec. West - 286.98 feet, through a central
angle of 83 deg. 43 min. 52 sec. and an arc length of 314.20 feet to a concrete Right-of-way
marker found for corner at the end of said curve;
THENCE South 84 deg. 14 min. 24 sec. West, along the North Right-of-way of said Loop 289,
a distance of 833.14 feet to an aluminum disk monument found for corner at the beginning of a
curve to the left having a radius that bears South 05 deg. 45 min. 28 sec. East, a distance of
5879.65 feet;
THENCE Along the North Right-of-way of said Loop 289 and along said curve to the left,
with a chord that bears South 82 deg. 04 min. 50 sec. West - 443.52 feet, through a central
angle of 04 deg. 19 min. 23 sec. and an arc length of 443.63 feet to an aluminum disk
monument found for corner at the end of said curve;
THENCE South 83 deg. 47 min. 51 sec. West, along the North Right-of-way of said Loop 289,
a distance of 766.83 feet to a concrete Right-of-way marker found for corner;
THENCE South 73 deg. 26 min. 45 sec. West, along the North Right-of-way of said Loop 289,
a distance of 266.20 feet to an aluminum disk monument found for corner;
THENCE South 89 deg. 52 min. 26 sec. West, along the North Right-of-way of said Loop 289,
a distance of 599.04 feet to an aluminum disk monument found for the Southwest corner of
said Texas Instruments Addition and the Southeast corner of a called 286.15 acre tract of land
conveyed to the City of Lubbock as described in a deed recorded in Volume 370, Page 55,
D.R.L.C.T.;
THENCE North 0 deg. 00 min. 37 sec. East, along the West line of said Texas
InstrumentsAddition and the East line of said 286.15 acre tract, a distance of 2318.79 feet to an
aluminum disk monument found for the most Westerly Northwest corner of said Texas
Instruments Addition;
THENCE South 89 deg. 56 min. 05 sec. East, a distance of 100.19 feet to an aluminum disk
monument found for an inside ell corner of said Texas Instruments Addition;
2
THENCE North 0 deg. 00 min. 05 sec. West, along the West line of said Texas Instruments
Addition and the East line of said 286.15 acre tract, at 706.65 feet, passing the Southwest
corner of the above mentioned abandoned Drake Street and continuing for a total distance of
766.65 feet to an aluminum disk monument found for the most Northerly Northwest corner of
said Texas Instruments Addition and the Northwest corner of said abandoned Drake Street, on
the South line of the above mentioned Block 1, Lubbock State School Addition;
THENCE South 89 deg. 53 min. 30 sec. East, along the North line of said Drake Street and the
South line of Block 1, Lubbock State School Addition, a distance of 2800.50 feet to the POINT
OF BEGINNING and containing 203.377 acres of land.
Passed by the City Council this 6th day of April 2000.
APPROVED AS TO CONTENT:
.- r
Richard Burdine, Assistant City Manager
APPROVED AS TO FORM:
G. Vandiver, First Assistant City Attorney
NoticeRes
March 27, 2000
Resolution No. 2000R01111
April 6, 2000
Item No. 40
EXHIBIT "A"
NOTICE OF INTENT OF THE CITY COUNCIL
OF THE CITY OF LUBBOCK TO AMEND AN
AGREEMENT TO ABATE TAXES ON REAL PROPERTY
IMPROVEMENTS AND TANGIBLE PERSONAL PROPERTY LOCATED AT
2301 NORTH UNIVERSITY AVENUE IN THE CITY OF LUBBOCK, LUBBOCK
COUNTY, TEXAS AND FURTHER DESCRIBED AS BEING ALL OF TRACT A,
TEXAS INSTRUMENTS ADDITION, AN ADDITION TO THE CITY OF
LUBBOCK ACCORDING TO THE MAP, PLAT AND/OR DEDICATION DEED
THEREOF, RECORDED IN VOLUME 1363, PAGE 977, DEED RECORDS OF
LUBBOCK COUNTY, TEXAS (D.R.L.C.T.) AND ALL OF THAT ABANDONED
DRAKE STREET AS DESCRIBED BY CORRECTION QUIT CLAIM DEED
FROM THE CITY OF LUBBOCK TO TEXAS INSTRUMENTS
INCORPORATED, A DELAWARE CORPORATION, RECORDED IN VOLUME
1541, PAGE 329 D.R.L.C.T.
(FURTHER DESCRIBED BY METES AND BOUNDS)
BEGINNING at an aluminum disk monument found at the Northeast corner of said Drake
Street on the South line of Block 1, Lubbock State School Addition, an addition to the City
of Lubbock, according to the map, plat and/or dedication deed thereof, recorded in Volume
1143,Page 677, D.R.L.C.T. and also being North 0 deg. 01 min. 09 sec. East - 10.00 feet
from the Northwest corner of Lot 1, Lawson Addition, an addition to the City of Lubbock,
according to the map, plat and/or dedication deed thereof, recorded in Volume 838, Page
211, D.R.L.C.T.
THENCE South 0 deg. 01 min. 09 sec. West, along the East line of said abandoned Drake
Street, at 10.00 feet, passing the Northwest corner of said Lawson Addition, continuing
along the West line of said Lawson Addition, at 60.00 feet, passing the Southeast corner of
said abandoned Drake Street and the most Northerly Northeast corner of said Texas
Instruments Addition, continuing on for a total distance of 139.91 feet to an aluminum disk
monument found for the Southwest corner of said Lawson Addition;
THENCE South 89 deg. 58 min. 01 sec. East, along the North line of said Texas
Instruments Addition and the South line of said Lawson Addition, a distance of 143.27 feet
to an aluminum disk monument found for the most Easterly Northeast corner of said Texas
Instruments Addition and the Southeast corner of said Lawson Addition on the West
Right-of-way of University Avenue (F.M. 1264, variable width R.O.W.);
THENCE South 0 deg. 32 min. 04 sec. East, along the East line of said Texas Instruments
Addition and the West Right-of-way of said University Avenue, a distance of 2422.31 feet
to a 1/2 inch iron rod set for corner;
THENCE North 89 deg. 27 min. 56 sec. East, along the East line of said Texas
Instruments Addition and the West Right-of-way of said University Avenue, a distance of
10.00 feet to a % inch iron rod set for corner in the North Right-of-way of Loop 289 at the
beginning of a curve to the right having a radius that bears North 89 deg. 50 min. 33 sec.
West, a distance of 215.00 feet;
THENCE Along the North Right-of-way of said Loop 289 and along said curve to the
right, with a chord that bears South 42 deg. 01 min. 23 sec. West - 286.98 feet, through a
central angle of 83 deg. 43 min. 52 sec. and an arc length of 314.20 feet to a concrete
Right-of-way marker found for corner at the end of said curve;
THENCE South 84 deg. 14 min. 24 sec. West, along the North Right-of-way of said Loop
289, a distance of 833.14 feet to an aluminum disk monument found for corner at the
beginning of a curve to the left having a radius that bears South 05 deg. 45 min. 28 sec.
East, a distance of 5879.65 feet;
THENCE Along the North Right-of-way of said Loop 289 and along said curve to the left,
with a chord that bears South 82 deg. 04 min. 50 sec. West - 443.52 feet, through a central
angle of 04 deg. 19 min. 23 sec. and an arc length of 443.63 feet to an aluminum disk
monument found for corner at the end of said curve;
THENCE South 83 deg. 47 min. 51 sec. West, along the North Right-of-way of said Loop
289, a distance of 766.83 feet to a concrete Right-of-way marker found for corner;
THENCE South 73 deg. 26 min. 45 sec. West, along the North Right-of-way of said Loop
289, a distance of 266.20 feet to an aluminum disk monument found for corner;
THENCE South 89 deg. 52 min. 26 sec. West, along the North Right-of-way of said Loop
289, a distance of 599.04 feet to an aluminum disk monument found for the Southwest
corner of said Texas Instruments Addition and the Southeast corner of a called 286.15 acre
tract of land conveyed to the City of Lubbock as described in a deed recorded in Volume
370, Page 55, D.R.L.C.T.;
THENCE North 0 deg. 00 min. 37 sec. East, along the West line of said Texas
InstrumentsAddition and the East line of said 286.15 acre tract, a distance of 2318.79 feet
to an aluminum disk monument found for the most Westerly Northwest corner of said
Texas Instruments Addition;
THENCE South 89 deg. 56 min. 05 sec. East, a distance of 100.19 feet to an aluminum
disk monument found for an inside ell corner of said Texas Instruments Addition;
THENCE North 0 deg. 00 min. 05 sec. West, along the West line of said Texas
Instruments Addition and the East line of said 286.15 acre tract, at 706.65 feet, passing the
Southwest corner of the above mentioned abandoned Drake Street and continuing for a
total distance of 766.65 feet to an aluminum disk monument found for the most Northerly
Northwest corner of said Texas Instruments Addition and the Northwest corner of said
abandoned Drake Street, on the South line of the above mentioned Block 1, Lubbock State
School Addition;
THENCE South 89 deg. 53 min. 30 sec. East, along the North line of said Drake Street
and the South line of Block 1, Lubbock State School Addition, a distance of 2800.50 feet
to the POINT OF BEGINNING and containing 203.377 acres of land.
Notice is hereby given that the City Council of the City of Lubbock intends to amend the
February 24, 2000 Agreement with X-FAB Texas to abate taxes on improvements to
property located within an enterprise zone created by Ordinance No. 9591 and covering all
of the subject property.
Notice is further given that the City Council of the City of Lubbock will consider
authorizing the Mayor of the City to execute an amended contract between the City and X-
FAB Texas for tax abatement, a copy of said Agreement is attached to this notice as
Exhibit "B" and made a part hereof for all purposes.
Notice is further given that the City Council will consider this matter at its meeting
held in the City Council Chamber, City Hall, 1625 13'h Street, City of Lubbock, on the
day of , 2000, at o'clock —.m.
A: Notice of Intent.doc
EXHIBIT "B"
STATE OF TEXAS §
COUNTY OF LUBBOCK §
Resolution No. 2000-ROI11
April 6, 2000
Item No. 40
WHEREAS, the City of Lubbock and X-FAB Texas did heretofore on the 24' day
of February, 2000, enter into a tax abatement agreement; and
WHEREAS, the parties to said tax abatement agreement desire to amend said
agreement to read as follows; NOW THEREFORE:
This Amendment to the Tax Abatement Agreement of February 24, 2000, is made
this day of , 2000, by and between the City of Lubbock,
Texas, a home rule municipality of the State of Texas (hereinafter called "City") and X-
FAB Texas (hereinafter called "Company");
WITNESSETH:
WHEREAS, City did receive from Company on the-2flLday of December, 1999,
an application for tax abatement for the renovation of an existing facility located at 2301
N. University, which is further described as being all of Tract A, Texas Instruments
Addition, an addition to the City of Lubbock according to the map, plat and/or dedication
deed thereof, recorded in Volume 1363, Page 977, Deed Records of Lubbock County,
Texas (D.R.L.C.T.) and all of that abandoned Drake Street as described by Correction
Quit Claim Deed from the City of Lubbock to Texas Instruments Incorporated, a
Delaware corporation, recorded in Volume 1541, Page 32, D.R.L.C.T. and being more
particularly described by metes and bounds as follows:
BEGINNING at an aluminum disk monument found at the Northeast corner of said
Drake Street on the South line of Block 1, Lubbock State School Addition, an addition to
the City of Lubbock, according to the map, plat and/or dedication deed thereof, recorded
in Volume 1143,Page 677, D.R.L.C.T. and also being North 0 deg. 01 min. 09 sec. East -
10.00 feet from the Northwest corner of Lot 1, Lawson Addition, an addition to the City
of Lubbock, according to the map, plat and/or dedication deed thereof, recorded in
Volume 838, Page 211, D.R.L.C.T.
THENCE South 0 deg. 01 min. 09 sec. West, along the East line of said abandoned
Drake Street, at 10.00 feet, passing the Northwest corner of said Lawson Addition,
continuing along the West line of said Lawson Addition, at 60.00 feet, passing the
Southeast corner of said abandoned Drake Street and the most Northerly Northeast corner
of said Texas Instruments Addition, continuing on for a total distance of 139.91 feet to an
aluminum disk monument found for the Southwest corner of said Lawson Addition;
THENCE South 89 deg. 58 min. 01 sec. East, along the North line of said Texas
Instruments Addition and the South line of said Lawson Addition, a distance of 143.27
feet to an aluminum disk monument found for the most Easterly Northeast corner of said
Texas Instruments Addition and the Southeast corner of said Lawson Addition on the
West Right-of-way of University Avenue (F.M. 1264, variable width R.O.W.);
THENCE South 0 deg. 32 min. 04 sec. East, along the East line of said Texas
Instruments Addition and the West Right-of-way of said University Avenue, a distance of
2422.31 feet to a 1/2 inch iron rod set for corner;
THENCE North 89 deg. 27 min. 56 sec. East, along the East line of said Texas
Instruments Addition and the West Right-of-way of said University Avenue, a distance of
10.00 feet to a %Z inch iron rod set for corner in the North Right-of-way of Loop 289 at
the beginning of a curve to the right having a radius that bears North 89 deg. 50 min. 33
sec. West, a distance of 215.00 feet;
THENCE Along the North Right-of-way of said Loop 289 and along said curve to the
right, with a chord that bears South 42 deg. 01 min. 23 sec. West - 286.98 feet, through a
central angle of 83 deg. 43 min. 52 sec. and an arc length of 314.20 feet to a concrete
Right-of-way marker found for corner at the end of said curve;
THENCE South 84 deg. 14 min. 24 sec. West, along the North Right-of-way of said
Loop 289, a distance of 833.14 feet to an aluminum disk monument found for corner at
the beginning of a curve to the left having a radius that bears South 05 deg. 45 min. 28
sec. East, a distance of 5879.65 feet;
THENCE Along the North Right-of-way of said Loop 289 and along said curve to the
left, with a chord that bears South 82 deg. 04 min. 50 sec. West - 443.52 feet, through a
central angle of 04 deg. 19 min. 23 sec. and an arc length of 443.63 feet to an aluminum
disk monument found for corner at the end of said curve;
THENCE South 83 deg. 47 min. 51 sec. West, along the North Right-of-way of said
Loop 289, a distance of 766.83 feet to a concrete Right-of-way marker found for corner;
THENCE South 73 deg. 26 min. 45 sec. West, along the North Right-of-way of said
Loop 289, a distance of 266.20 feet to an aluminum disk monument found for corner;
THENCE South 89 deg. 52 min. 26 sec. West, along the North Right-of-way of said
Loop 289, a distance of 599.04 feet to an aluminum disk monument found for the
Southwest corner of said Texas Instruments Addition and the Southeast corner of a called
286.15 acre tract of land conveyed to the City of Lubbock as described in a deed recorded
in Volume 370, Page 55, D.R.L.C.T.;
THENCE North 0 deg. 00 min. 37 sec. East, along the West line of said Texas
InstrumentsAddition and the East line of said 286.15 acre tract, a distance of 2318.79 feet
to an aluminum disk monument found for the most Westerly Northwest corner of said
Texas Instruments Addition;
THENCE South 89 deg. 56 min. 05 sec. East, a distance of 100.19 feet to an aluminum
disk monument found for an inside ell corner of said Texas Instruments Addition;
THENCE North 0 deg. 00 min. 05 sec. West, along the West line of said Texas
Instruments Addition and the East line of said 286.15 acre tract, at 706.65 feet, passing
the Southwest corner of the above mentioned abandoned Drake Street and continuing for
a total distance of 766.65 feet to an aluminum disk monument found for the most
Northerly Northwest comer of said Texas Instruments Addition and the Northwest corner
of said abandoned Drake Street, on the South line of the above mentioned Block 1,
Lubbock State School Addition;
THENCE South 89 deg. 53 min. 30 sec. East, along the North line of said Drake Street
and the South line of Block 1, Lubbock State School Addition, a distance of 2800.50 feet
to the POINT OF BEGINNING and containing 203.377 acres of land.
WHEREAS, upon review of the above application it was determined that the
facilities will be located in the North Enterprise Zone designated by the City in Ordinance
No. 9591 covering the above described property; and
WHEREAS, the Guidelines and Criteria Governing Tax Abatement For Selected
Taxing Units Within Lubbock County was heretofore adopted by Resolution No. 6515 of
the City Council of the City of Lubbock; and
WHEREAS, the City did comply with all the requirements set forth in V.T.C.A.,
Tax Code, Section 312.201; and
WHEREAS, the City did comply with all of the criteria and guidelines as set forth
in the Guidelines and Criteria Governing Tax Abatement for Selected Taxing Units
Contained Within Lubbock County, said guidelines having been adopted by Resolution
No. 6515 of the City on September 23, 1999, and
WHEREAS, the City did pass Ordinance No. 9591 creating an enterprise zone for
commercial and industrial tax abatement, said zone including the property described as
all of Tract A, Texas Instruments Addition, an addition to the City of Lubbock according
to the map, plat and/or dedication deed thereof, recorded in Volume 1363, Page 977,
Deed Records of Lubbock County, Texas (D.R.L.C.T.) and all of that abandoned Drake
Street as described by Correction Quit Claim Deed from the City of Lubbock to Texas
3
Instruments Incorporated, a Delaware corporation, recorded in Volume 1541, Page 32,
D.R.L.C.T. and being more particularly described by metes and bounds as follows:
BEGINNING at an aluminum disk monument found at the Northeast corner of said
Drake Street on the South line of Block 1, Lubbock State School Addition, an addition to
the City of Lubbock, according to the map, plat and/or dedication deed thereof, recorded
in Volume 1143,Page 677, D.R.L.C.T. and also being North 0 deg. 01 min. 09 sec. East -
10.00 feet from the Northwest corner of Lot 1, Lawson Addition, an addition to the City
of Lubbock, according to the map, plat and/or dedication deed thereof, recorded in
Volume 838, Page 211, D.R.L.C.T.
THENCE South 0 deg. 01 min. 09 sec. West, along the East line of said abandoned
Drake Street, at 10.00 feet, passing the Northwest corner of said Lawson Addition,
continuing along the West line of said Lawson Addition, at 60.00 feet, passing the
Southeast corner of said abandoned Drake Street and the most Northerly Northeast corner
of said Texas Instruments Addition, continuing on for a total distance of 139.91 feet to an
aluminum disk monument found for the Southwest comer of said Lawson Addition;
THENCE South 89 deg. 58 min. 01 sec. East, along the North line of said Texas
Instruments Addition and the South line of said Lawson Addition, a distance of 143.27
feet to an aluminum disk monument found for the most Easterly Northeast corner of said
Texas Instruments Addition and the Southeast corner of said Lawson Addition on the
West Right-of-way of University Avenue (F.M. 1264, variable width R.O.W.);
THENCE South 0 deg. 32 min. 04 sec. East, along the East line of said Texas
Instruments Addition and the West Right-of-way of said University Avenue, a distance of
2422.31 feet to a 1/2 inch iron rod set for corner;
THENCE North 89 deg. 27 min. 56 sec. East, along the East line of said Texas
Instruments Addition and the West Right-of-way of said University Avenue, a distance of
10.00 feet to a'/z inch iron rod set for corner in the North Right-of-way of Loop 289 at
the beginning of a curve to the right having a radius that bears North 89 deg. 50 min. 33
sec. West, a distance of 215.00 feet;
THENCE Along the North Right-of-way of said Loop 289 and along said curve to the
right, with a chord that bears South 42 deg. 01 min. 23 sec. West - 286.98 feet, through a
central angle of 83 deg. 43 min. 52 sec. and an arc length of 314.20 feet to a concrete
Right-of-way marker found for corner at the end of said curve;
THENCE South 84 deg. 14 min. 24 sec. West, along the North Right-of-way of said
Loop 289, a distance of 833.14 feet to an aluminum disk monument found for corner at
the beginning of a curve to the left having a radius that bears South 05 deg. 45 min. 28
sec. East, a distance of 5879.65 feet;
4
I 1i 1 i a
THENCE Along the North Right-of-way of said Loop 289 and along said curve to the
left, with a chord that bears South 82 deg. 04 min. 50 sec. West - 443.52 feet, through a
central angle of 04 deg. 19 min. 23 sec. and an arc length of 443.63 feet to an aluminum
disk monument found for corner at the end of said curve;
THENCE South 83 deg. 47 min. 51 sec. West, along the North Right-of-way of said
Loop 289, a distance of 766.83 feet to a concrete Right-of-way marker found for corner;
THENCE South 73 deg. 26 min. 45 sec. West, along the North Right-of-way of said
Loop 289, a distance of 266.20 feet to an aluminum disk monument found for corner;
THENCE South 89 deg. 52 min. 26 sec. West, along the North Right-of-way of said
Loop 289, a distance of 599.04 feet to an aluminum disk monument found for the
Southwest corner of said Texas Instruments Addition and the Southeast corner of a called
286.15 acre tract of land conveyed to the City of Lubbock as described in a deed recorded
in Volume 370, Page 55, D.R.L.C.T.;
THENCE North 0 deg. 00 min. 37 sec. East, along the West line of said Texas
InstrumentsAddition and the East line of said 286.15 acre tract, a distance of 2318.79 feet
to an aluminum disk monument found for the most Westerly Northwest corner of said
Texas Instruments Addition;
THENCE South 89 deg. 56 min. 05 sec. East, a distance of 100.19 feet to an aluminum
disk monument found for an inside ell corner of said Texas Instruments Addition;
THENCE North 0 deg. 00 min. 05 sec. West, along the West line of said Texas
Instruments Addition and the East line of said 286.15 acre tract, at 706.65 feet, passing
the Southwest corner of the above mentioned abandoned Drake Street and continuing for
a total distance of 766.65 feet to an aluminum disk monument found for the most
Northerly Northwest corner of said Texas Instruments Addition and the Northwest corner
of said abandoned Drake Street, on the South line of the above mentioned Block 1,
Lubbock State School Addition;
THENCE South 89 deg. 53 min. 30 sec. East, along the North line of said Drake Street
and the South line of Block 1, Lubbock State School Addition, a distance of 2800.50 feet
to the POINT OF BEGINNING and containing 203.377 acres of land.
WHEREAS, V.A.T.C., Tax Code, Sec. 312.2011 provides that designation as an
enterprise zone constitutes designation as a reinvestment zone without further action; and
WHEREAS, the application received by City from Company is an application for
the renovation of an existing facility; and
WHEREAS, V.A.T.C., Tax Code, Sec. 312.002 specifically states that such a
purpose is to be included in the guidelines for tax abatement and to be eligible for such
treatment; and
WHEREAS, Section IV of the Guidelines and Criteria governing Tax Abatement
for selected taxing units contained within Lubbock County adopted by the City Council
by Resolution No. 6515 does recognize renovation of an existing facility as being eligible
for tax abatement status; and
WHEREAS, the City Council does hereby find that all of the Guidelines and
Criteria Governing Tax Abatement, as adopted by Resolution No. 6515, have been met
by Company; and
WHEREAS, the location of the facility and surrounding real property, which are
to be the subject matter of this Agreement, are attached hereto as Exhibit "A" and made a
part of this Agreement for all purposes; and
NOW THEREFORE, for and in consideration of the premises and of the mutual
terms, covenants and conditions herein contained the City and Company do hereby agree
as follows:
SECTION 1. Term. This Agreement shall remain in force and effect for a period
of ten (10) years from the date of its execution and shall expire and be of no further force
and effect after said date.
SECTION 2. Base Year. The base year applicable to real property, which is the
subject of this Agreement, shall be 2000, and the assessed value of the real property shall
be the assessed value applicable to such property for said year.
SECTION 3. Base Year Taxes. The taxes upon the real property shall be paid in
accordance with the assessed value of such property for the base year. Base year taxes
upon the real property are thus not abated.
SECTION 4. Abatement of Increase in Base Year Tax. In accordance with
V.A.T.C., Tax Code, Section 312.204 real property taxes applicable to the real property
subject to this Agreement shall be abated only to the extent said value for any given year
within the term of this Agreement exceeds the base year taxes hereinabove set forth.
SECTION 5. Proper Ineligible for Tax Abatement. The property described and
set forth in Section IV(6) of the Guidelines and Criteria Governing Tax Abatement for
selected taxing units contained within Lubbock County and heretofore adopted by the
City Council by Resolution No. 6515 is incorporated by reference herein as if fully set
out in this Agreement and fully describes the property ineligible for tax abatement.
6
SECTION 6. Exemption from Tax. The City covenants and agrees to exempt
from taxation, in accordance with Section 4 above, the following properties:
(a) All proposed new improvements to be placed upon all of Tract A, Texas
Instruments Addition, an addition to the City of Lubbock according to the
map, plat and/or dedication deed thereof, recorded in Volume 1363, Page
977, Deed Records of Lubbock County, Texas (D.R.L.C.T.) and all of that
abandoned Drake Street as described by Correction Quit Claim Deed from
the City of Lubbock to Texas Instruments Incorporated, a Delaware
corporation, recorded in Volume 1541, Page 32, D.R.L.C.T. and being
more particularly described by metes and bounds as follows:
BEGINNING at an aluminum disk monument found at the Northeast
corner of said Drake Street on the South line of Block 1, Lubbock State
School Addition, an addition to the City of Lubbock, according to the
map, plat and/or dedication deed thereof, recorded in Volume 1143,Page
677, D.R.L.C.T. and also being North 0 deg. 01 min. 09 sec. East - 10.00
feet from the Northwest corner of Lot 1, Lawson Addition, an addition to
the City of Lubbock, according to the map, plat and/or dedication deed
thereof, recorded in Volume 838, Page 211, D.R.L.C.T.
THENCE South 0 deg. 01 min. 09 sec. West, along the East line of said
abandoned Drake Street, at 10.00 feet, passing the Northwest corner of
said Lawson Addition, continuing along the West line of said Lawson
Addition, at 60.00 feet, passing the Southeast corner of said abandoned
Drake Street and the most Northerly Northeast corner of said Texas
Instruments Addition, continuing on for a total distance of 139.91 feet to
an aluminum disk monument found for the Southwest corner of said
Lawson Addition;
THENCE South 89 deg. 58 min. 01 sec. East, along the North line of said
Texas Instruments Addition and the South line of said Lawson Addition, a
distance of 143.27 feet to an aluminum disk monument found for the most
Easterly Northeast corner of said Texas Instruments Addition and the
Southeast corner of said Lawson Addition on the West Right-of-way of
University Avenue (F.M. 1264, variable width R.O.W.);
THENCE South 0 deg. 32 min. 04 sec. East, along the East line of said
Texas Instruments Addition and the West Right-of-way of said University
Avenue, a distance of 2422.31 feet to a 1/2 inch iron rod set for corner;
THENCE North 89 deg. 27 min. 56 sec. East, along the East line of said
Texas Instruments Addition and the West Right-of-way of said University
Avenue, a distance of 10.00 feet to a %Z inch iron rod set for corner in the
7
North Right-of-way of Loop 289 at the beginning of a curve to the right
having a radius that bears North 89 deg. 50 min. 33 sec. West, a distance
of 215.00 feet;
THENCE Along the North Right-of-way of said Loop 289 and along said
curve to the right, with a chord that bears South 42 deg. 01 min. 23 sec.
West - 286.98 feet, through a central angle of 83 deg. 43 min. 52 sec. and
an arc length of 314.20 feet to a concrete Right-of-way marker found for
comer at the end of said curve;
THENCE South 84 deg. 14 min. 24 sec. West, along the North Right-of-
way of said Loop 289, a distance of 833.14 feet to an aluminum disk
monument found for comer at the beginning of a curve to the left having a
radius that bears South 05 deg. 45 min. 28 sec. East, a distance of 5879.65
feet;
THENCE Along the North Right-of-way of said Loop 289 and along said
curve to the left, with a chord that bears South 82 deg. 04 min. 50 sec.
West - 443.52 feet, through a central angle of 04 deg. 19 min. 23 sec. and
an arc length of 443.63 feet to an aluminum disk monument found for
corner at the end of said curve;
THENCE South 83 deg. 47 min. 51 sec. West, along the North Right-of-
way of said Loop 289, a distance of 766.83 feet to a concrete Right-of-way
marker found for corner;
THENCE South 73 deg. 26 min. 45 sec. West, along the North Right-of-
way of said Loop 289, a distance of 266.20 feet to an aluminum disk
monument found for comer;
THENCE South 89 deg. 52 min. 26 sec. West, along the North Right-of-
way of said Loop 289, a distance of 599.04 feet to an aluminum disk
monument found for the Southwest corner of said Texas Instruments
Addition and the Southeast comer of a called 286.15 acre tract of land
conveyed to the City of Lubbock as described in a deed recorded in
Volume 370, Page 55, D.R.L.C.T.;
THENCE North 0 deg. 00 min. 37 sec. East, along the West line of said
Texas InstrumentsAddition and the East line of said 286.15 acre tract, a
distance of 2318.79 feet to an aluminum disk monument found for the
most Westerly Northwest corner of said Texas Instruments Addition;
THENCE South 89 deg. 56 min. 05 sec. East, a distance of 100.19 feet to
an aluminum disk monument found for an inside ell comer of said Texas
Instruments Addition;
THENCE North 0 deg. 00 min. 05 sec. West, along the West line of said
Texas Instruments Addition and the East line of said 286.15 acre tract, at
706.65 feet, passing the Southwest comer of the above mentioned
abandoned Drake Street and continuing for a total distance of 766.65 feet
to an aluminum disk monument found for the most Northerly Northwest
comer of said Texas Instruments Addition and the Northwest comer of
said abandoned Drake Street, on the South line of the above mentioned
Block 1, Lubbock State School Addition;
THENCE South 89 deg. 53 min. 30 sec. East, along the North line of said
Drake Street and the South line of Block 1, Lubbock State School
Addition, a distance of 2800.50 feet to the POINT OF BEGINNING and
containing 203.377 acres of land.
(b) All eligible tangible personal property, owned by the company, placed in
or upon the property set forth in Exhibit "A", which does not include any
equipment and personal property owned by Company and already located
in the existing facility.
(c) It is further understood that all items affixed to the new improvements
placed upon the real property identified in Exhibit "A" including
machinery and equipment shall be considered part of the real property
improvement and taxes thereon shall be abated in accordance with the
provisions of subparagraph (a) above set forth.
SECTION 7. Economic Qualification. It is hereby found by the City that
Company will expend funds in excess of the funds necessary to qualify for tax abatement
by renovating an existing facility, all as set forth in Section IV(3)(a) of the Guidelines and
Criteria for Tax Abatement adopted by the City through Resolution No. 6515.
SECTION 8. Value of Improvements. Company intends to expend
approximately two million five hundred thousand (2,500,000) dollars in renovating the
facility and approximately four million six hundred thousand (4,600,000) on machinery
and equipment to be located within the enterprise zone created by Ordinance No. 9591.
SECTION 9. City Access to Property. Company covenants and agrees that City
shall have access to the property, which is the subject matter of this Agreement, upon
reasonable notice and during normal business hours, and that municipal employees shall
be able to inspect the property to insure that the improvements are being made in
accordance with the terms and conditions of Company's application for tax abatement,
attached as Exhibit "A", and this Agreement.
SECTION 10. Portion of Tax Abated. City agrees, during the term of this
Agreement, to abate taxes on eligible property according to the following schedule.
9
Real Property
Year 1:
100%
Year 6:
50%
Year 2:
90%
Year 7:
40%
Year 3:
80%
Year 8:
30%
Year 4:
70%
Year 9:
20%
Year 5:
60%
Year 10:
10%
Tangible Personal
Year 1:
Pronertv
100%
Year 6:
0%
Year 2:
80%
Year 7:
0%
Year 3:
60%
Year 8:
0%
Year 4:
40%
Year 9:
0%
Year 5:
20%
Year 10:
0%
SECTION 12. Commencement Date. This Agreement shall commence upon the
date of its execution, which date is hereinafter set forth, and shall expire ten (10) years
after such date.
SECTION 13. Type of Improvements. The Company proposes to renovate an
existing facility as described in Exhibit "A". The Company fin ther states that the
proposed improvements to the property above mentioned shall commence on the 9th day
of December, 1999, and shall be completed within approximately eighteen (18) months
from said date. The Company may request an extension of the above date from City in
the event circumstances beyond the control of Company necessitates additional time for
completion of such improvements and such consent shall not unreasonably be withheld.
SECTION 14. Drawings of I provements. Company shall furnish City with one
set of as built plans and drawings of the improvements to be made pursuant to the terms
of this Agreement.
SECTION 15. Limitation on Use. Company agrees to limit the use of the
property set forth in Exhibit "A" to commercial and/or industrial uses as those terms are
defined in the zoning ordinances of the City of Lubbock and to limit the uses of the
property to uses consistent with the general purpose of encouraging development of the
enterprise zone during the term of this agreement.
SECTION 16. Recants. The Company agrees to be bound by and comply with
all the terms and provisions for recapture of abated taxes in the event of default by
Company pursuant to law and as set forth in Guidelines and Criteria for Tax Abatement
adopted by Resolution No. 6515 of the City Council of the City of Lubbock.
10
SECTION 17. Certification. The Company agrees to certify annually to the
governing body of each taxing unit that the owner is in compliance with the terms of the
Agreement.
SECTION 18. Co fiance. The City may cancel or modify this Agreement if
the Company fails to comply with the Agreement.
SECTION 19. Notices. Notices required to be given by this Agreement shall be
mailed, certified mail return receipt requested, to the following addresses:
CITY OF LUBBOCK
City Manager
P.O. Box 2000
Lubbock, Texas 79457
X-FAB TEXAS
Donald C. Meinkoth
2301 N. University
Lubbock, TX
SECTION 20. Effective Date. Notwithstanding anything contained herein to the
contrary, this Agreement shall not be effective until such time as it has been finally
passed and approved.
EXECUTED this day of , 2000.
X-FAB TEXAS CITY OF LUBBOCK
A Municipal Corporation
DONALD C. MEINKOTH WINDY SITTON
PRESIDENT MAYOR
ATTEST: ATTEST:
Secretary
Kaythie Darnell
City Secretary
MVED AS TO CONTENT:
Richard Burdine
Assistant City Manager
11
CB: March 14, 2000
X-FABagreement
FORM:
D6-fiald G. Vandiver
First Assistant City Attorney
12
Resolution No. 2000-ROI11
EXHIBIT "A" April 6, 2000
Item No. 40
X-FAB Texas, Inc. Business Expansion Roadmap
X-FAB Texas currently has an installed equipment base and a forecasted
product demand from our customers which will allow us to achieve a monthly
output of 10,000 6-inch semiconductor wafers by December of 2000. Due to the
capacity constraints on worldwide semiconductor manufacturing, X-FAB Texas
has been approached with numerous additional business opportunities within the
last few months. The X-FAB Texas management team believes it is the
appropriate time to expand the manufacturing capacity to take advantage of the
current worldwide capacity shortfall. As a result the following two-phase roadmap
summarizes the timing and the additional personnel and equipment resources
needed to expand the production capacity that is currently in place.
AS
Description: Expand the monthly capacity from 10,000 wafers to 20,000 wafers
to meet a long-range demand for a specific customer.
Timing: February 2000 to DEC 31 2000.
Capital required for equipment purchase and installation: $4,600,000.00 to
$12,000,000.00
Personnel Additions: 85
Positions required: Engineering, Technical, Production and Administrative.
PHASE2
Description: Install an additional monthly capacity of 8000 specialized wafers to
meet a specific long-term customer demand.
Timing: JAN 1 2001 to 1 ST Quarter 2002.
Capital required for equipment purchase and installation: $6,600,000.00 to
$8,000,000.00
Personnel Additions: 90
Positions required: Engineering, Technical and Production.
APPLICATION FOR INDUSTRIAL TAX ABATEMENT IN LUBBOCK COUNTY
FILING INSTRUCTIONS: ,Z µ g s xY.
This . application-shouidM' be filed'!,at least .NINETY (80) QAYS ; pnor to „the nticiipated Commencement of
construction of Improvements or the installation of ° equipment. Is: aRt�licatlan rrlust, be submitted to the
aan roarlate taxing„j�risdiotian before any construction tiegins~ b be eligibW for, tak ab tement This filing
acknowledges familiarity;"and assumed` conformance with-�GUJDII.INES4sAND4 CRITERIA GOVERNING :TAX
ABATEMENT. F0R SELECTED TAXING UNITS CONTAINEDWITHI14 LUMOCK, COUNTr' (Copy 'attached), . This
application will become apart of any later.;agreement_or cur tract;'and ki awingly false representations thereon
will be grounds forthe voiding of any later �agreement orcontrac
ORIGINAL COPY OF THIS APPLICATION AND ATTACHMENTS SHOULD BE SUBMITTED TO:
City of Lubbock
Business Development Department
P.O. Box 2000
1625 le Street
Lubbock, TX 79457
(806) 775-2980
Applicants Representative on this project: Ed Pascasio
Name: Ed Pascasio
Address: 2301 N. University Avenue
Phone: (806) 747-4400 Ext, 2183
Type of Ownership: (X ) Corporation () Partnership () Proprietorship
Total Current Number Employees: 147
Corporate Annual Sales Per Year: 1999 act 3.2M : 2000 Plan - $ 26.7M
Annual Report Submitted? ( ) Yes (X) No
F ILENAME r evised phase 1 tax abatement
Industrial Tax Abatement Application
Page 2
Section II - FACILITY INFORMATION
Place a check mark in the box on those statements which are applicable to your company :
(a) This application is for a: ( ) New Facility (X) Expansion ( ) Modernization
(b) Is the company a producer, manufacturer or distributor of goods and services of which 50 percent or more are
distributed outside of Lubbock ?(If yes, provide documentation as Attachment 1)
(X ) Yes ( ) No
(c) Check the following target industry which is applicable to your company
(X) Manufacturing Facility: Electronics/Electrical/Assembly, Semiconductor Fabrication
() Value-added Agricultural Production including Food Processing and Machinery
() Med Tech Research/Manufacturing/Assembly
() Aviation/Avionics Production/Rehab
() Warehouse/Distribution
() Corporate Headquarters of a Regional/National Service Center
() The project is not included in the above target industries, but has the potential of generating additional
significant economic development opportunities in Lubbock. (Provide documentation)
(d) (X) The existing facility to be modernized or expanded or the property where the new facility is to be built is
located in a designated Enterprise Zone.
(e) (X) New Company to Lubbock
( ) Existing Company
(f) If New Company checked, which of the following statements apply to the project:
( ) The project will add at least $1 million in real estate assessed valuation
(X) The project will add at least $2 million of personal property assessed valuation
(X) The project will add at least 25 new permanent jobs
(g) If Existing Company checked, which of the following statements apply to the project:
() The project will add at least $500,000 in real estate assessed valuation
() The project will add at least $1 million of personal property assessed valuation
() The project will add at least 20 new permanent jobs
(h) Address of proposed facility: 2301 N. University Avenue, Lubbock. TX 79415
(i) Legal description of proposed facility: See attached
Q) The proposed facility is located in:
School District: Not Applicable
City: Lubbock
(k) Describe product or service to be provided: Expand monthly capacity by 10,000 6 inch semicond ctor wafers
Industrial Tax Abatement Application
Page 3
Section III - FACILITY DESCRIPTION
Please attach the following:
Attachment 2
(a) A general description of the improvements to be undertaken (example: modernization of manufacturing facility
located at 4501 Peach Street and purchase of new manufacturing equipment).
(b) A descriptive list of the improvements for which tax abatement is requested, including:
(1) description of construction and location of all proposed improvements of the Real
Property or Existing Facility, and;
(2) list of new equipment and cost of the equipment.
(c) A list of any and all Tangible Personal Property presently existing on the Real Property or located in an existing
facility.
(d) A proposed time schedule for undertaking and completing the proposed improvements.
Attachment 3
(a) A site map indicating the approximate location of improvements on the Real Property Facility or Existing Facility
together with the location of any or all Existing Facilities located on the Real Property or Facility.
Attachment 4
(a) A statement of the additional value to the Real Property or Facility as a result of the proposed improvements.
(b) A statement of the assessed value of the•Real Property, Facility or Existing Facility for the base year (attach tax
assessment for property from the Lubbock Central Appraisal District).
Section IV - ECONOMIC IMPACT INFORMATION
Part A — Current Investment In Existing Improvements: $ 40,098,230
Part B — Permanent Employment Estimates:
(1)
(2)
(3)
If existing facility, what is the current plant employment: 147 (X-FAB Texas only)
Estimated number of new jobs to be created and time frame for creation of jobs:
New Jobs: 85 Time Frame: Eleven months
Opening of improvements: (Month) Jan of (Year) 2001.
Part C — Permanent Payroll Estimates:
(1) If existing facility, what is the current plant payroll _$ 5,700,000,00 (Annualized)
(2) Estimated amount of new payroll : $ 2.250.000 (Annualized)
Industrial Tax Abatement Application
Page 4
Part D — Construction and Employment Estimates: (CHANGES TO PHYSICAL PLANT APPROVED BY COUNCIL
ON FEBRUARY 28, 2000)
(1) Construction start: Month Year
(2) Number of construction jobs: At Start _ Peak Finish
(3) Number of man-years: _
Part E — School District Impact Estimates:
Give Estimated number of: Families transferred to area: Q
Children added to ISD's: Q
Part F — City Impact Estimates:
(1) Volume of treated water required from City Increase of 100000 gallons per day.
(2) Volume of effluent to be treated by City Increase of 100000 gallons per day.
(3) Please provide a statement on planned water and sewer treatment methods, and disposal of effluent if
the facility is to be located outside City systems. Not Applicable.
(4) Has permitting been started? ( )Yes ® No
Part G — Estimated Appraised Value on Site:
LAND
Value of Existing Facility
Before New Construction
(From Central Appraisal District) $938,804
Value of New Improvements
NA
PERSONAL IMPROVEMENTS
PROPERTY
$27,137,430 $15.460.800'
Estimated Total Value After
Improvements $938,804 $31.737.430 $15.460.800
NOTE: CONTAINS $2,500,000 OF IMPROVEMENTS CURRENTLY BEING COMPLETED. THESE IMPROVMENTS
WERE PART OF A DIFFERENT TAX ABATEMENT APPLICATION.
Part H — Variance:
(a) is a variance being sought under Section IV 9(d) of the "Guidelines"? () Yes (X) No
(b) If "Yes", attach any supplementary information required.
Section V - OTHER AGREEMENT APPLICATIONS
Industrial Fax Abatement Application
Page 5
(a) Has applicant made application for abatement of this facility by other taxing jurisdictions or counties?
[ ] Yes [X] No
(b) If 'Yes", please provide:
(1) Dates of Application:
(2) Hearing Dates:
(3) Name of Jurisdiction(s):
(4) Name of Contact(s):
(4) Attach any letters of intent to abate.
Section Vi- i3ECLARATION
To the best of my knowledge, the above information is an accurate description of project details.
Company Official kignature
Donald C. Meinkoth
Printed Name of Company Official
President
Title of Company Official
ATTACHMENT 1
YEAR 2000 PRODUCT DISTRIBUTION PROFII.E
LOCATION % OF REVENUE
DALLAS, TEXAS 13%
AUSTRIA 100/0
CALIFORNIA 21%
BELGIUM 56%
A) EXPANSION OF SEMICONDUCTOR WAFER FAB LOCATED AT 2301
N. UNIVERSITY AVEUNE.
B) BELOW IS THE LIST OF POTENTIAL EQUIPMENT NEEDS
EQUIPMENT
QTY
TOTAL VALUE
-LAM 4420 ETCHER
2
$ 300,000
-AST 2000/2800 RTP
2
$ 850,000
-CANON I-3 STEPPER
5
$1,500,000
-ENDURA SPUTTER
3
$4,000,000
-E-500 VARIAN IMPLANTER
2
$1,900,000
-TEL-MARK V COATER
1
$ 250,000
-TEL-MARK V DEVELOPER
1
$ 250,000
-DAI NIPPON SOG SYSTEM
1
$1,000,000
-BRANSON ASHER L3100
3
$ 75,000
-NOVELLUS CONCEPT I/ CVD
2
$ 500,000
-DISCO GRINDER
1
$ 100,000
-LIS WAFERMARK II
1
$ 40,000
-LDCVD FURNACE STACK
1
$ 150,000
-TCP 9600 ETCHER
2
$1,000,000
-FSI SATURN
1
$ 20,000
-LAM 4520 ETCHER
1
$ 250,000
-TUNGSTEN PLUG
1
$2,000,000
-SEZ BACKSIDE ETCH
I
$ 200,000
-GSD IMPLANTER
1
$1,000,000
-ORIENTER/DEGASSER
1
$ 100,000
-ATMOS FURNACE STACK
1
$ 200,000
C) TANGIBLE PERSONAL PROPERTY LIST ATTACHED.
D) THE PROPOSED ACQUISITON AND INSTALLATION OF EQUIPMENT
IS PLANNED TO BEGIN IN FEBRUARY 2000 AND WILL BE COMPLETED
BY JUNE 2001.
V I I V V V v'T - V'j a Ift litVitS 44 If%A VAIL I IV w1wvw171vAAjdv4'vvvvv A vvil; VVL.
1999 TAX -STAMMENT STATEMENT NO.
WMA AIAKE CHECKS PAYABLE TO: PAYABLE UPON RECEIPT
LU013OCK Central Appral5al DistriCt XREF ID t 00809290
P.O. BOX 10568 - 1715 26TH ST. PROPERTY :P90062 F F M & E
LUBBOCK, TEXAS 79408-3568 INV, DBA: TEXAS IRSTr SITUS:
(806) 762-5000 EXT. 503 2301 N UNIVERSITY AVE
74219 TEXAS INSTRUMENTS INC
PO BOX 650311 K/S 3998
DALLAS, TX 75265
1647507.311
TO RECEIVE A RECEIPT
CHECK BOX
PLEASE Rk7L*W "US PORTION WrTif PAYAWRY
OWrAW TWS P=10N RX YOUR AE001W 1999 TAX STATEMENT STATEMENT NO.
VALUATION BREAKDOWN
VALAXIOSr
TAXAUZ
• Lim
-xo
LUBBOCK ISD
7,137,430
PC 633 700 6,503,730
1.565000 414,783.37
CITY 01
F LUBBOCK
7,137430
PC 6
633,700 ,503,730
0.580000
3-,7Z1.6
HI PLAINS WATER
7,137,430
PC 633,700 6 503 730
0.008600
2,226.31_
LUBB CHTY HOSPITAL
,n7,13
,4381PC
633,700 6,503,73010.098000
F5,968.35
1,UBBOCK COUNTY
I
P-7,137,4301PC
633,700 96,503,73010.191700
fi0,807.65
CITY TAKES REDUCED BY ADDITIONAL SALES TAX: $11,908-13
CQ= rAXrg RPnTTCFn AY AT1nTTTnWAT, ART.r-g TAX! S19,27S.Aft
DAVE KIMBROUGH
PROPERTY tP90062 F F M L E
INV# DBA: TEXAS INST, SITUS2
2301 N UNIVERSITY AVE
76219 TEXAS INSTRUMENTS INC
PO BOX 650311 HIS 3998
DALLAS, TX 75265
PAYMENT SCHEDULE
'T
OCT
0
1 0.00
647507.31
NOV
0.00
647507.31
DEC
03
0.00
647507-31
JAN
1 0%
0.00
647507.31
FEB
1 7%
45325.50
692832-81-
V"
9%
58275.66
705782.97
APR
11%
71225.81
718733.12
MAY
13%
84175.961
731683.27�
JUN 1
15%
97126.091
744633.40
�cmuw m*-ca"WIL� T'Ii=MM"Tr
IF YOU HAVE OUESTIONS PLEASE CALL (806) 762-6000.
TAXES BECOME DELINQUENT ON FEBRUARY 1.
AFTER JUNE AN ADDITIONAL PENALTY OF IS% MAY BE IMPOSED
ON THE AMOUNT OF TAXES, PENALTY AND INTEREST DUE.
AFTER JULY AN ADDITIONAL 1% PENALTY AND INTEREST WILL BE APPLIED.
APPLICATION FOR ,DUSTRIAL TAX ABATEMENT IN JBBOCK COUNTY
FILING INSTRUCTIONS:
This application should be filed at least NINETY. (90) DAYS prior to the anticipated- commencement of
construction of improvements or, the Installation of equipment. This application must be submitted to the
appropriate taxing jurisdiction before any construction begins to be eligible for tax abatement. This filing
acknowledges familiarity and assumed conformance with "GUIDELINES AND CRITERIA GOVERNING TAX
ABATEMENT FOR SELECTED TAXING UNITS CONTAINED WITHIN LUBBOCK COUNTY" (Copy attached). This
application will become a part of any later agreement or contract, and knowingly false representations thereon
will be grounds for the voiding of any later agreement or contract.
ORIGINAL COPY OF THIS APPLICATION AND ATTACHMENTS SHOULD BE SUBMITTED TO:
City of Lubbock
Business Development Department
P.O. Box 2000
1625 13"' Street
Lubbock, TX 79457
(806) 775-2980
Section I — APPLICANT INFORMATION
Date of Application: 12/06/99
Applicant Name: Donald Meinkoth
Company Name: X-FAB Texas, Inc.
Address: 2301 N. University Avenue
Phone: (806) 747-4400 Ext. 3314 Fax: (806) 747-3311
Applicants Representative on this project: Sid Friend
Name: Sid Friend
Address: 2301 N. University Avenue
Phone: (806) 747-4400 Ext. 2232
Type of Ownership: [X ] Corporation [ ] Partnership [ ] Proprietorship
Total Current Number Employees: 129
Corporate Annual Sales Per Year: 1999 Est. - $ 3.1 M ; 2000 Plan - $ 26.3M
Annual Report Submitted? [ ] Yes [X] No
TAX ABATEMENT APPLICATION.rtf
Industrial Tax AbatementAppllcation
Page 2
Section 11 FACILITY INFORMATION
Place a check mark in the box on those statements which are applicable to your company:
(a) This application is for a: [ ] New Facility [ ] Expansion [ X] Modernization
(b) Is the company a producer, manufacturer or distributor of goods and services of which 50 percent or more are
distributed outside of Lubbock ?(If yes, provide documentation as Attachment 1)
[X ] Yes [ ] No
(c) Check the following target industry which is applicable to your company
[X] Manufacturing Facility: Electronics/Electrical/Assembly, Semiconductor Fabrication
[ ] Value-added Agricultural Production including Food Processing and Machinery
[ ] Med Tech Research/Manufacturing/Assembly
[ ] Aviation/Avionics Production/Rehab
[ ] Warehouse/Distribution
[ ] Corporate Headquarters of a Regional/National Service Center
[ ] The project is not included in the above target industries, but has the potential of generating additional
significant economic development opportunities in Lubbock. (Provide documentation)
(d) [X] The existing facility to be modernized or expanded or the property where the new facility is to be built is
located in a designated Enterprise Zone.
(e) [ ] New Company to Lubbock
[X] Existing Company
(f) If New Company checked, which of the following statements apply to the project:
[ ] The project will add at least $1 million in real estate assessed valuation
[ ] The project will add at least $2 million of personal property assessed valuation
[ ] The project will add at least 25 new permanent jobs
(g) If Existing Company checked, which of the following statements apply to the project:
[X] The project will add at least $500,000 in real estate assessed valuation
[ ] The project will add at least $1 million of personal property assessed valuation
[ ] The project will add at least 20 new permanent jobs
(h) Address of proposed facility: 2301 N. University Avenue, Lubbock, TX 79415
(i) Legal description of proposed facility: See attached
0) The proposed facility is located in:
School District: Not Applicable
City: Lubbock
(k) Describe product or service to be provided: Perform Tenant -directed leasehold improvements to update and
renovate space to leasable condition.
Industrial Tax Abatement application
Page 3
Section III --FACILITY DESCRIPTION Or
Please attach the following:
Attachment 2
(a) A general description of the improvements to be undertaken (example: modernization of manufacturing facility
located at 4501 Peach Street and purchase of new manufacturing equipment).
(b) A descriptive list of the improvements for which tax abatement is requested, including:
(1) description of construction and location of all proposed improvements of the Real
Property or Existing Facility, and;
(2) list of new equipment and cost of the equipment.
(c) A list of any and all Tangible Personal Property presently existing on the Real Property or located in an existing.
facility.
(d) A proposed time schedule for undertaking and completing the proposed Improvements.
Attachment 3
(a) A site map indicating the approximate location of improvements on the Real Property Facility or Existing Facility
together with the location of any or all Existing Facilities located on the Real Property or Facility.
Attachment 4
(a) A statement of the additional value to the Real Property or Facility as a result of the proposed improvements.
(b) A statement of the assessed value of the Real Property, Facility or Existing Facility for the base year (attach tax
assessment for property from the Lubbock Central Appraisal District).
Section IV - ECONOMIC IMPACT INFORMATION
Part A — Current Investment In Existing Improvements
Part B — Permanent Employment Estimates:
(1)
(2)
(3)
$ 12,960,800.00
If existing facility, what is the current plant employment: 129 (X-FAB Texas only)
Estimated number of new jobs to be created and time frame for creation of jobs:
New Jobs: 700 to 600 (Tenant Employees) Time Frame: Eighteen months
Opening of improvements: (Month) June
Part C — Permanent Payroll Estimates:
of (Year) 2000.
(1) If existing facility, what is the current plant payroll: $ 5,700,000.00 (Annualized for X-FAB Texas only)
Industrial Tax Abatement Application
Page 4
(2) Estimated amount of new payroll: $ 16,000,000.00 (Tenant additions per Market Lubbock, Inc.)
Part D — Construction and Employment Estimates:
(1) Construction start: Month December Year 1999.
(2) Number of construction jobs: At Start 4 Peak 50 Finish 10
(3) Number of man-years: 16.6
Part E — School District Impact Estimates:
Give Estimated number of: Families transferred to area: 150 (Tenant transfers per Market Lubbock, Inc.)
Children added to ISD's: 50 (Tenant additions per Market Lubbock, Inc.)
Part F — City impact Estimates:
(1) Volume of treated water required from City Increase of 4000 gallons per day.
(2) Volume of effluent to be treated by City Increase of 4000 gallons per day.
(3) Please provide a statement on planned water and sewer treatment methods, and disposal of effluent if
the facility is to be located outside City systems. Not Applicable.
(4) Has permitting been started? 0 Yes ® No
Part G — Estimated Appraised Value on Site:
LAND
Value of Existing Facility
Before New Construction
(From Central Appraisal District) $938,804
Value of New Improvements NA
Estimated Total Value After
Improvements $938,804
PERSONAL IMPROVEMENTS
PROPERTY
$27,137,430 $12,960,800
Part H —Variance:
(a) Is a variance being sought under Section IV 9(d) of the "Guidelines"?
(b) If "Yes", attach any supplementary information required.
0 _ $2,500,000
$27,137,430_ $15,460,800
[ ] Yes [X] No
Industrial Tax Abatement Application
Page 5
Section V - OTHER AGREEMENT APPLICATIONS
(a) Has applicant made application for abatement of this facility by other taxing jurisdictions or counties?
[ ] Yes [XI No
(b) If "Yes", please provide:
(1) Dates of Application:
(2) Hearing Dates:
(3) Name of Jurisdiction(s):
(4) Name of Contact(s):
(4) Attach any letters of intent to abate.
Section VI - DECLARATION
To the best of my knowledge, the above information is an accurate description of project details.
Company Offid6T Si nature
Donald C. Meinkoth
Printed Name of Company Official
President
Title of Company Official
I , I
A) RENOVATION OF SPACE LOCATED AT 2301 N. UNIVERSITY AVENUE,
LUBBOCK, TEXAS.
B) THE FOLLOWING IS THE LIST OF PROPOSED IMPROVEMENTS:
1) MODIFY MODULES C, D, & E TO HOUSE A CALL CENTER
OPERATION
2) MODIFY MAIN LOBBY
3) CONSTRUCT AN AREA FOR A DAY CARE CENTER IN MODULE B
4) RECARPET AND REPAINT MAIN SPINE
5) CONSTRUCT NEW VISITORS LOBBY AT THE SOUTH END OF THE
FACILITY
6) MODIFY MODULE A WAREHOUSE PER TENANT REQUIREMENTS
C) TANGIBLE PERSONAL PROPERTY LIST - ATTACHED.
D) THE PROPOSED CONSTRUCTION IS PLANNED TO BEGIN IN
DECEMBER 1999, AND WILL BE COMPLETED BY JUNE 2002.
O
0
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to
X-FAB
TEXAS
X-FAB TEXAS - LUBBOCK
Fit
ee�ses® � r.rae
SPACE
�m®eeeee
0 0 ♦� 0 0 0� eeo LOT 3 ooa eaeeoe
0 0 N 0 0 O E 324 SPACES LOT 2
0 0 0 0 0 �oeeeooems ems e 525 SPACES
ca.rTn.
e o ®o o e
O A
.: F=3 0 0
F 0 LOT 1 0
512 SPACES O
v
UNIVERSITY AVENUE
X-FAB TEXAS - LUBBOCK, TX
LEGEND
RR - REST ROOM
X VAULT�MER
— - FENCE
- PIPE RAC(
�;';:^•„;:� PROPOSES
-PROJECTS
260'
30'
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-T130
N
DATE: 02-12-99
1999 TAX STATEMENT' STATEMENT NO.
OSS952 MAKE CHECKS PAYABLE TO. PAYABLE UPON RECEIPT
Lubbock Central Appraisal District XREF ID :.00551986
P.O. BOX 10568 - 1715 26TH ST. PROPERTY :R39313 TEXAS
LUBBOCK, TEXAS 79408-3568 INSTRUMENTS TR A & CLOSED
(806) 762-5000 EXT. 503 STREET , SITUS: 2301 N
UNIVERSITY AVE
TO RECEIVE A RECEIPT
CHECK BOX
19L721 X FAB TEXAS INC I�������W���®m���
2301 N UNIVERSITY AVE
LUBBOCK, TX 79415-1717
339578.441
PLEASE RETURN THIS PORTION WITH PAYMEW
REWN THfS PORTION MR YOUR RECORDS 1999 TAX STATEMENT STATEMENT NO. 103811
VALUATION BREAKDOWN
iii......................
01
938,8041
01
0
1 -0
L2,9601800
113,899,604
.... ........ -
. .....
......... ..........
VAUrE LOST.
ss�t
rAL
..
.... ..
LUBBOCK ISD
0
t899,604
13,899,604,
0
.3,899,604
I-565000
7,526.80
CITY OF LUBBOCK
0
3,899,604
0
.3,8
9,604
0.580000
0,617.70
HI PLAINS WATER
0
3,899,604
0
.3,899,606
0.008400
1,167.57
LUBB CHTY HOSPITAL,
0
0
3,899,60410.098000
3,618.83
LUBBOCK COUNTY
1 0
M899,6041
0
13,899,60410.191700
645.54
CITY TAXES REDUCED BY ADDITIONAL SALES TAX:
COTT= T-AXr!!Iq RFnTIrrn IRY AnnT'rTQ1TAT. SATrl; TAX! g2n,597.82
$6,245.09
DAVE KIMBROUGH
JAN 1 OWNER: TEXAS INSTRUMENTS INC
PROPERTY :R39313 TEXAS
INSTRUMENTS TR A & CLOSED
STREET , SITUS: 2301 N
UNIVERSITY AVE
191721 X FAB TEXAS INC
2301 N UNIVERSITY AVE
LUBBOCK, TX 79415-1717
PAYMENT SCHEDULE
0...
T
OCT
0%
0.00
339578.44
NOV
0%
0.00
339578.44
DEC
0%
0.00
339578.44
JAN
0%
0.00
339578.44
FEB
7%
23770.80
363348.94
MAR
9%
30562.06
370140.50.
APR
11%
37353.63
376932.07
MAY
-�
13%
44145 19
383723.63
t
15%
5v9—;9--*;-if390515.22
7MIS :y OUR I X: % 1:
is
ONOVER 65
IF YOU HAVE QUESTIONS PLEASE CALL (806) 762-6000.
TAXES BECOME DELINQUENT ON FEBRUARY 1.
AFTER JUNE AN ADDITIONAL PENALTY OF 16% MAY BE IMPOSED
ON THE AMOUNT OF TAXES, PENALTY AND INTEREST DUE.
AFTER JULY AN ADDITIONAL I % PENALTY AND INTEREST WILL BE APPLIED.
OCT 12 '99 14:08 FR SBC TAX 210 351 3960 TO 88067494501 P.02/02
M9eherle A. 71 u SBC Cmrmanimtlanz I=
colp�tc Manager - 175 E.IIoustan satwS4.c6
slate A local ra =I&va and Ala m San Antn"Term 78403
210 35] 3920Office
210-351-3M Fax
October 12, 1999
Mr_ Wayne Boring
Director Economic Development
Market Lubbock, inc.
1301 Broadway, Suite 200
Lubbock, Texas 7SQ1
Dear Mr. Boling:
Pursuant to our recent discussions regarding Southwestern Sell's (SWB) desires to expand its
operations in West Texas, specifically In Lubbock, the purpose of this letter Is to request
economic incentives from Market Lubbock, Ina to assist In financing this proposed project.
Southwestern Bell is proposing to open a Customer Care Center in Lubbock that will employ
more than 800 permanent employees over the next three years. We have identified s facility
located at 2301 N. University in Lubbock, which meets the space and infrastructure requirements
of our proposed project. We are currently in the process of negotiating lease terns with the
property owner. SWB expects to invest more than $8 mrHon in building and Infrastructure
Improvements, fumdurefibctunes and expenses at that location.
SWB's expansion in Lubbock will provide positive Impact by stimulating local businesses,
increasing real and property tax values and Increasing annual earnings, and therefore spending,
in Lubbock
In consideration of the above -mentioned facts and In accordance with the Market Lubbock policy.
Southwestern Beil is requesting a financial grant cf $1.2 million equal to $10,000 for each of
the120 full-time positions that vAll be created at that location with an annual salary of $25,000 or
above.
In addition, SWB will request that the Lubbock Office of Business Development submit a
recommendation to the State for Enterprise Zone Project status for this property located within
the North Enterprise Zone. This enterprise zone project wilt aliow SWB to qualify for other
economic incentives such as, property tax incentives, sales tax refunds and development fee
rebates.
Southwestern Bell Is committed to Lubbock and these tax incentives are essential to our
continued investment and increased employment in Lubbock. Texas_ Thank you for your time and
consideration in this matter. 1 look forward to yourvnitten response reflecting Market Lubbock's
offer for assistance. Please do not hesitate to call me with any questions at (210) 351-3920.
Sincerely,
Michelle A. Thomas
Corporate Manager— State & Local incentives and Legislation
CC: Kevin G. Walker, Office of Business Development
STATEMENT OF ADDITIONAL VALUE
FROM DECEMBER OF 1999 THROUGH JUNE 2002, X-FAB TEXAS, INC.
WILL BE RENOVATING THE FACILITY LOCATED AT 2301 N. UNIVERSITY
AVENUE, LUBBOCK, TEXAS TO BRING PORTIONS OF THE FACILITY INTO
LEASABLE CONDITION. DURING THIS RENOVATION, X-FAB TEXAS, INC.
HAS PLANS TO INVEST $2,500,000.00 ON THE FOLLOWING LIST OF
PROPOSED IMPROVEMENTS:
1) MODIFY MODULES C, D, & E TO HOUSE A CALL CENTER
OPERATION
2) MODIFY MAIN LOBBY
3) CONSTRUCT AN AREA FOR A DAY CARE CENTER IN MODULE B
4) RECARPET AND REPAINT MAIN SPINE
5) CONSTRUCT NEW VISITORS LOBBY AT THE SOUTH END OF THE
FACILITY
6) MODIFY MODULE A WAREHOUSE PER TENANT REQUIREMENTS