HomeMy WebLinkAboutResolution - 5504 - Agreement - Chaparral Graphics Group Inc - Tax Abatment, 2.182 Acre-CIA - 06_12_1997Resolution No.5504
Item#23
June 12, 1997
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LUBBOCK:
THAT the Mayor of the City of Lubbock BE and is hereby authorized and
directed to execute for and on behalf of the City of Lubbock an Agreement and all
related documents by and between the City of Lubbock and Chaparral Graphics
Group, Inc., and any associated documents, which Agreement shall be spread
upon the minutes of the Council and as spread upon the minutes of this Council
shall constitute and be a part of this Resolution as if fully copied herein in detail.
Passed by the City Council this
1997.
ATTEST:
lk�
Kayo
ay ie Darnell, City Secre
APPROVE"S TO CONTENT:
12th
Kevin Walker, Business Lieson Officer
APPROVED AS TO FORM:
D6"nald G. Vandiver, First Ass
City Attorney
DG V:pslccdocs/Chaparr/res
May 12, 1997
day of June
0 Ira
WWI
MAYOR
Resolution No. 5504
Item #23
June 1.2, 1997
STATE OF TEXAS §
COUNTY OF LUBBOCK §
This Agreement made this 12th day of . um, , 1997, by and
between the City of Lubbock, Texas, a home rule municipality of the State of Texas
(hereinafter called "City") and Chaparral Graphics Group, Inc. (hereinafter called
"Company");
WITNESSETH:
WHEREAS, City did receive from Company on theme day of APJ2, 1997, an
application for tax abatement for the expansion of an existing facility located at 921 E.
66th Street, which is further described as a 2.182 acre portion of land out of Lot 2, Block
11, Crawford Industrial Addition, to the City of Lubbock, Lubbock County, Texas being
further described as follows:
BEGINNING at the Southwest comer of Lot 2, Block 11, Crawford Industrial Addition,
to the City of Lubbock, Lubbock County, Texas;
THENCE North a distance of 350.00 feet to a 5/8" iron rod set for the Northwest comer
of this tract;
THENCE East a distance of 271.50 feet to a 5/8" iron rod set for the Northeast comer of
this tract;
THENCE South a distance of 350.00 feet to a 1/2" iron rod found, in the North right-of-
way line of East 66th Street, for the Southeast comer of this tract;
THENCE West, along the North right-of-way line of East 66th Street, a distance of
271.50 feet to the Point of Beginning.
WHEREAS, upon review of the above application it was determined that the
facilities will be located in the South Enterprise Zone designated by the City in Ordinance
No. 9591 covering the above described property; and
WHEREAS, the Guidelines and Criteria for Tax Abatement within the
jurisdictions of the taxing units of Lubbock County was heretofore adopted by Resolution
No. 4973 of the City Council of the City of Lubbock; and
AGREEMENT — CHAPARRAL GRAPHICS GROUP, INC. PAGE 1
I
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 all taxing units contained
within Lubbock County, said guidelines having been adopted by Resolution No. 4973 of
the City on September 28, 1995, and
WHEREAS, the City did thereafter pass Ordinance No. 9591 creating an
enterprise zone for commercial and industrial tax abatement, said zone including a 2.182
acre portion of land out of Lot 2, Block 11, Crawford Industrial Addition, to the City of
Lubbock, Lubbock County, Texas being further described as follows:
BEGINNING at the Southwest corner of Lot 2, Block 11, Crawford Industrial Addition,
to the City of Lubbock, Lubbock County, Texas;
THENCE North a distance of 350.00 feet to a 5/8" iron rod set for the Northwest comer
of this tract;
THENCE East a distance of 271.50 feet to a 5/8" iron rod set for the Northeast comer of
this tract;
THENCE South a distance of 350.00 feet to a 1/2" iron rod found, in the North right-of-
way line of East 66th Street, for the Southeast corner of this tract;
THENCE West, along the North right-of-way line of East 66th Street, a distance of
271.50 feet to the Point of Beginning.
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 expansion 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 all taxing units contained within Lubbock County adopted by the City Council by
Resolution No. 4973 does recognize expansion of an existing facility as being eligible for
tax abatement status; and
AGREEMENT --CHAPARRAL GRAPHICS GROUP, INC. PAGE 2
WHEREAS, the City Council does hereby find that all of the Guidelines and
Criteria Governing Tax Abatement, as adopted by Resolution No. 4973, have been met
by Company; and
WHEREAS, Company does intend to expand an existing facility; 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
WHEREAS, the City Council finds that entering into this Agreement to abate
taxes on the property described in Exhibit "A" will create new jobs within the City and
enhance economic development within the enterprise zone; 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 five (5) 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 1997, 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. P=uly Ineligible for Tax Abatement. The property described and
set forth in Section IV(5) of the Guidelines and Criteria Governing Tax Abatement for all
taxing units contained within Lubbock County and heretofore adopted by the City
Council by Resolution No. 4973 is incorporated by reference herein as if fully set out in
this Agreement and fully describes the property ineligible for tax abatement.
SECTION 6. Ex=tion from Tax. The City covenants and agrees to exempt
from taxation, in accordance with Section 4 above, the following properties:
AGREEMENT -- CHAPARRAL GRAPHICS GROUP, INC. PAGE 3
(a) AU proposed new improvements to be placed upon a 2.182 acre portion of
land out of Lot 2, Block 11, Crawford Industrial Addition, to the City of
Lubbock, Lubbock County, Texas being further described as follows:
BEGINNING at the Southwest corner of Lot 2, Block 11, Crawford
Industrial Addition, to the City of Lubbock, Lubbock County, Texas;
THENCE North a distance of 350.00 feet to a 5/8" iron rod set for the
Northwest corner of this tract;
THENCE East a distance of 271.50 feet to a 5/8" iron rod set for the
Northeast comer of this tract;
THENCE South a distance of 350.00 feet to a 1/2" iron rod found, in the
North right-of-way line of East 66th Street, for the Southeast corner of this
tract;
THENCE West, along the North right-of-way line of East 66th Street, a
distance of 271.50 feet to the Point of Beginning.
which proposed improvements are set forth in a plat of the above tracts of
land, attached hereto as Exhibit "A" and made a part hereof.
(b) All eligible tangible personal property placed in or upon the property set
forth in Exhibit "A".
(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 expanding an existing facility, all as set forth in Section IV(9)(b) of the Guidelines and
Criteria for Tax Abatement adopted by the City through Resolution No. 4973.
SECTION 8. Value of Improvements. Company intends to expend
approximately one million three hundred forty thousand ($1,340,000) dollars in
machinery and equipment and one hundred two thousand ($102,000) dollars in expanding
their facility, to be located within the enterprise zone created by Ordinance No. 9591.
SECTION 9. Creation of New Jobs. Company agrees within twelve (12) months
from the date of execution of this Agreement that it will create fifteen (15) full-time
equivalent new jobs within the Company plant located within a 2.182 acre portion of land
AGREEMENT --CHAPARRAL GRAPHICS GROUP, INC. PAGE 4
out of Lot 2, Block 11, Crawford Industrial Addition, to the City of Lubbock, Lubbock
County, Texas being further described as follows:
BEGINNING at the Southwest comer of Lot 2, Block 11, Crawford Industrial Addition,
to the City of Lubbock, Lubbock County, Texas;
THENCE North a distance of 350.00 feet to a 5/8" iron rod set for the Northwest corner
of this tract;
THENCE East a distance of 271.50 feet to a 5/8" iron rod set for the Northeast corner of
this tract;
THENCE South a distance of 350.00 feet to a 1/2" iron rod found, in the North right-of-
way line of East 66th Street, for the Southeast corner of this tract;
THENCE West, along the North right-of-way line of East 66th Street, a distance of
271.50 feet to the Point of Beginning.
and use its best efforts to maintain a minimum of forty one (41) jobs during the term of
this agreement.
SECTION 10. City Access to P=g,,Mty. 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 and
this Agreement.
SECTION 11. -Portion of Tax _Abated. City agrees, during the term of this
Agreement, to abate taxes on eligible property according to the following schedule:
Year 1:
100%
Year 2:
80%
Year 3:
60%
Year 4:
40%
Year 5:
20%
SECTION 12. Commencement Date. This Agreement shall commence upon the
date of its execution, which date is hereinafter set forth, and shall expire five (5) years
after such date.
SECTION 13. Twe of Improvements. The Company proposes to expand an
existing facility as described in Exhibit "A". The Company further states that the
proposed improvements to the property above mentioned shall continence on the 1st day
of June, 1997, and shall be completed within approximately 120 days from said date.
AGREEMENT -- CHAPARRAL GRAPHICS GROUP, INC. PAGE 5
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 Improvements. 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. Recapture. 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 as set forth in Guidelines and Criteria for Tax Abatement adopted by
Resolution No. 4973 of the City Council of the City of Lubbock.
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. Compliance. 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
Chaparral Graphics Group, Inc.
Joe Stephenson
921 E. 66th Street
Lubbock, Texas 79404-5505
AGREEMENT --CHAPARRAL GRAPHICS GROUP, INC. PAGE 6
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 12th day of .Tune , 199_.
CHAPARRAL GRAPHICS GROUP, INC. CITY OF LUBBOCK
�A" enson
R
ATTEST:
Secretary
City
T:
AS TO
Kevin Walk
Business Li son Officer
APPROVED A O FORM:
D andiver
Assistant City Attorney
CB: May 7, 1997
AGREEMENT -- CHAPARRAL GRAPHICS GROUP, INC. PAGE 7
AS TO
Kevin Walk
Business Li son Officer
APPROVED A O FORM:
D andiver
Assistant City Attorney
CB: May 7, 1997
AGREEMENT -- CHAPARRAL GRAPHICS GROUP, INC. PAGE 7
TIT IL- b
ERHIBIT "A"
PERIMETER SURVEY OF
A 2.182 ACRE PORTION OF LAND
OUT OF LOT 2, BLOCK 11, CRAWFORD INDUSTRIAL ADDITION
TO THE CITY OF LUBBOCK, LUBBOCK COUNTY, TEXAS
tEGRtRRt a TR! tr CORNER Or
L�OpTprcatOCR M1A�TRH. c� IORO�RIDtUE�TR�IAL
WtODtINTT, TIRA�
E.
EAST -WEST 271.5'
L- L51 RESERVED roe CA UTILITIES
2.182 ACRES
NOTES'
SCALE: I"• 100'
HEAVY LINE INDICATES
PROP,�RTY BOUNDARY
O- SET SA ROD
0-FD.1 2 ROO
It
■o
ssttL STREET
METES AND BOUNDS DESCRIPTION of a 2.162 acre portion of land out of Lot 2, Block 11.
Crawford Industrial Addition, to the City of Lubbock, Lubbock County. Texas, being
further described as follows:
BEGINNING at the Southwest corner of Lot 2, Block 11, Crawford Industrial Addition,
to the City of Lubbock. Lubbock County, Texas;
THENCE North a distance of 350.00 feet to a 5/8" iron rod set for the Northwest
comer of this tract;
THENCE East a distance of 271.50 feet to a 5/8" iron rod set for the Northeast corner
of this tract;
THENCE South a distance of 350.00 feet to a ;j" iron rod found. in the North right-
of-way line of East 66th Street. for the Southeast corner of this tract;
THENCE West, along the North right-of-way line of East 66th Street, a distance of
271.50 feet to the Point of Beginning.
Certified correct
September 2b, 1984
' Registered Public Surveyor
�.» » pbbock...'.pgas
....s...
TOMIAM E 941DERSOH
...:.................;... 1'O FEEE0
1 ��. 16♦/s
1 •'?�Bft�:��lb¢ AND ASSOCIATES. INC.
LAND 66FiVEYOR8 1210 AJEt" O
{ _ CM ENONEERS U BBMK TEXAS
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v V- I
}9C I AllV l rwo rum 1 IV/Y rum l vur7 mcuuriuz. `
1996 TAX STATEMENT
-i�LeeC/ 4e, /CQitl ll.I�lo t;0115{JN AKM"e-y�
STATEMENT N0. 2860
®w'Ars
• ,as +3 !ty i bY?'MY iA=.
.NRISDICTION' 1 R
it .:+.•a.r+. r
TOTAL.
ASSESSED . `
.ta'..MiMa::.,
T ` EXEMPTIONS
TAXABLE
VALUE... `
TAX
RATE
TAX
AMOUNT
LUBBLICK ISD
607,978
0
807,978
1,487000
12, 014. 63
CITY OF LUBBOCK
807,978
0
807,978
0.585900
4, 7 3.,. 94
HI PLAINS DATER
807,9781
0
807, 978
0. 00840U
1 67.87
LUBB CNTY HOSPITAL
807,9781
0
807, 978
0. 103400
1 835.45
LUBBOCK COUNTY
807, 978
0
807, 978
0. 168930
1 1,364.92
+�* TAXES REDUCED BY ADDITIONAL SALES TAX (COUNTY: $1234.27, CITY: $371.51)
PROPERTY :PS5273 FFMSE
W/VEIIICLES PRINT SHOP, DBA:
CHAPARRAL PRESS INC, SITUS:
921 E 66TH ST
161603 CHAPARRAL PRESS INC I A
921 F.'66TH ST `' � -
LUBBOCK, TX 79404-5505 00 60
',� i1• b-•�v J/j.*�. ,�MCCG�R}Ys1/\�i. WAY
IF TAXES
E
PAID IN
LESS ) DISCOUNTAR
OR
''PENALTYA J +EST
TAX DUE
OCT
0%
0. 00
19, 016. 81
NOV
OX
0. 00
191016. 81
DEC
0%
0. 00
19, 016. 81
JAN
OX
0. 00
19, 016. 81
FEES
7%
1, 331. i8
20, 347. 99
MAR
9%
1, 711. 51
20, 728. 32
APR
11%
2, 091. 65
21, 108. 66
MAY
13%
2, 472. 20
21, 489. 01
N
1 Y.
Z,852.53 121,e69.
34
-DA c-RECU.
RECD. BY
IF YOU HAVE QUESTIONS PLEASE CALL (806) 762-5000. K D
TAXES BECOME DELINQUENT ON FEBRUARY 1. PAY BY
AFTER JUNE AN ADDITIONAL PENALTY OF 15% MAY BE IMPOSED
ON THE AMOUNT OF TAXES, PENALTY AND INTEREST DUC ! P-G.,TO
AFTER JULY AN ADDITIONAL 1 % PENALTY AND INTEREST WILL BE APPLIED. '
RETAIN THIS PORTION FOR YOUR RECORDS
EX►a�T I�' �- Cz)
1996 TAX STATEMENT
VALUATION BREAKDOWN
STATEMENT NO. 4515
.1DtI5DICIIQN < TOTAL '` EXEMPTIta15 TARABtf TAX TAX
#SSESSED: YALlIE MATE AMOONT
** TAXES REDUCED BY ADDITIONAL SALES TAX (COUNTY: $493.31, CITY: $148.48
IF TAXES LESS H RIISCMT MAL
ARE OR PLUS M TAX DUE.
PAID rm PENALMIXTERUT
PROPERTY :R57195 CRAWFORD IND
BLK 11 W271.5'OF L 2, SITUS:
921 E 66TH ST
12663 CHAPARRAL GRAPHICS GROUP INC
921 E 66TN ST
LUBBOCK, TX 79404-5505
DATE RECD. 0
ovER MnHEST . _ ...:. RECD BY
IF YOU HAVE QUESTIONS PLEASE CALL (806) 762-5000. OK'D
TAXES BECOME DELINQUENT ON FEBRUARY 1. PAY BY
AFTER JUNE AN ADDITIONAL PENALTY OF 159 MAY BE IMPOSED
ON THE AMOUNT OF TAXES, PENALTY AND INTEREST DUE. C H RG. TO
AFTER JULY AN ADDITIONAL 1% PENALTY AND INTEREST WILL BE APPLIED. '
EXIBil- IV !Wer A .
END OF YEAR SUMMARY
- SORTED BY AM A/C
COMPANY:
CHAPARRAL GRAPHICS, INC.
PRE: 1
METHOD:
1 FEDERAL Std
Conv Applied
YEAR END:
06/30/97
DATE: _ 02/14/97
NOTES:
Range: -
FILE:
L:\WATA96\110
TIME: 12:07:15
includes Section
179
Asset A/C
Account Naze
Cost
Depr Basis
Beg A/Depr
Curr Depr
End A/Deer Next
Yr Dep
Net Book Val
130
BUILDING
394155.00
354195.00
194202.86
18117.07
212319.93
9.00
181875.07
131
PRINT SHOP EQUIPMENT
1315960.76
1291101.76
1100480.16
92932.15
1183412.31
0.05
125189.45
132
OFFICE FURNITURE 6 EQUIP.
112020.47
111807.97
74821.54
10404.14
85226.08
0.00
26581.89
133
LEASEHOLD IMPROVEMENTS
4239.00
4239.00
4239.00
0.00
4239.00
0.00
0.00
134
VEHICLES
59390.77
59390.77
51497.23
3941.20
55438.43
0.00
3952.34
150
LAND
44836.17
0.00
0.00
0.00
0.00
0.00
44836.17
Total Active Assets
1530642.17
1860734.50
1425241.19
115394.56
1540635.75
0.00
382434.92
Disposed Assets Depreciation
0.00
Current Year Depreciation
115394.56
Current Year Section 179
0.00
CHAPARRAL
GRAPHICS
GROUP, INC.
Section III - FACILITY DESCRIPTION
Exibit III - a
(a) A general description of the improvements to be
undertaken..
Chaparral Graphics Group proposal of expansion will
consist of an addition of 3,750 sq. feet to our present
18,250 sq. foot building to facilitate the addition of
a 8 unit heatset web press with two folders, plus additional
support equipment And inserting equipment.
Exibit III - g
(g)-The proposed improvements are in:connection with the
expansion of present existing facilities to accomodate
the upgrade and modernization of manufacturing equipment.
Chaparral Pre-Press/Service Bureau ■ Chaparral Press .■ Chaparral Mailing Service
921 East 66th Street ■ Lubbock, Texas 79404-5505 ■ (806) 745.9292 ■ Fax (806) 745-6675
CHAPARRAL GRAPHICS GROUP, INC.
PROPOSAL FOR EXPANSION
EXPANSION OF EXISTING FACILITIES:
30' X 125'
Estimated Cost: $102,625.00
REPLACEMENT AND UPGRADING OF FACILITY MANUFACTURING EQUIPMENT
Heatset Web $1,340,000.00
ADDITIONAL JOB REQUIREMENTS
Start-up (33.3%) 5
3-6 months (66%) 4 running total 9
6-12 months (100%) 6 running total 15
Ex I..BIT III.- b
CHAPARRAL GRAPHICS GROUP, INC.
PROPOSAL FOR EXPANSION
EQUIPMENT:
EIGHT (8) APACHE SCOUT WEB PRINTING UNITS
TWO (2) 100 HP PRESS DRIVES
ONE (1) JF25 REBUILT HARRIS FOLDER
ONE (1) JF10 REBUILT HARRIS FOLDER
FIVE (5) USED SPLICERS
HEATSET PACKAGE
ENVIRONMENTAL PACKAGE (ESTIMATE)
FREIGHT, RIGGING AND INSTALLATION WEB AND PACKAGE
TURNKEY PRICE / FULL LIST
DISCOUNT PACKAGE
PRICE WITH CONCESSION
INSERTING EQUIPMENT
TOTAL
$ 600,000.00
92,000.00
110,000.00
135,000.00
125,000.00
162,500.00
100,000.00
94.500.00
$1,409,000.00
157,000.00
$1,252,000.00
78,000.00
$1,340,000.00
ENIBm Imo'-C.
CHAPARRAL GRAPHICS GROUP, INC.
PROPOSAL FOR EXPANSION
BUILDING:
BUILDING SHELL (30'X125')
OFFICES / RESTROOMS (2)
MECHANICAL / ELECTRICAL
TOTAL
$ 51,214.00
24,010.00
27.401.00
$102,625.00