HomeMy WebLinkAboutResolution - 2005-R0239 - Tax Abatement Agreement Intent - The Hurley Companies - 2902 Municipal Drive - 06/09/2005Resolution No. 2005-R0239
June 9, 2005
Item 42
RESOLUTION
WHEREAS, the City Council has determined to give notice of its intent to enter into a
Tax Abatement Agreement with The Hurley Companies; 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 THEREFORE
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 enter into a Tax Abatement Agreement with The Hurley Companies, said
notice to be given to the presiding officers of each governing body of each taxing unit having
jurisdiction in assessing taxes on 2902 Municipal Drive, which is further described as Lot 5
Lubbock Industrial Park Addition to the City of Lubbock, Lubbock County, Texas.
Passed by the City Council this 9th day of June 2005.
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AR DOUGAL, MAYOR
ATTEST:
Rebecca Garza, City Secretary �—
APPR VE AS CONTENT:
t
Rob
Director of Business Development
APPROVED AS TO FORM:
Linda L. Chamales, Senior Attorney
Office Practice Section
Resolution No. 2005-R023
EXHIBIT "A"
NOTICE OF INTENT OF THE CITY COUNCIL
OF THE CITY OF LUBBOCK TO ENTER INTO AN
AGREEMENT TO ABATE TAXES ON REAL PROPERTY
IMPROVEMENTS AND TANGIBLE PROPERTY LOCATED AT 2902
MUNICIPAL DRIVE WHICH IS FURTHER DESCRIBED AS LOT 5
LUBBOCK INDUSTRIAL PARK ADDITION TO THE CITY OF LUBBOCK,
LUBBOCK COUNTY, TEXAS
Notice is hereby given that the City Council of the City of Lubbock intends to
enter into an Agreement with The Hurley Companies to abate taxes on improvements to
real property and tangible personal property located within the Lubbock 2000 North
Enterprise Zone created by Ordinance No. 2000-00032 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 a contract between the City and
The Hurley Companies for tax abatement, a draft copy of said Agreement is attached to
this notice as Exhibit "A- I" 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 13th Street, City of
Lubbock, on the 23`d day of June, 2005, at approximately 9:30 o'clock a.m.
Exhibit "A-1"
Resolution No. 200S-R02JO DRAFT
AGREEMENT
STATE OF TEXAS §
COUNTY OF LUBBOCK §
This Agreement made this day of , 2005, by and
between the City of Lubbock, Texas, a home rule municipality of the State of Texas
(hereinafter called "City"), and The Hurley Companies dba Hurley Packaging, Essence
Bottling and E. B. Plastics (hereinafter called "Company");
WITNESSETH:
WHEREAS, City did receive from Company on the 22"a day of April an
application for tax abatement for improvements to real property and tangible personal
property at 2902 Municipal Drive, Lubbock, Texas, which is further described as Lot 5
Lubbock Industrial Park Addition to the City of Lubbock, Lubbock County, Texas
(attached as Exhibit "A"); and
WHEREAS, upon review of the above application it was determined that the
facility and real property is located in the Lubbock 2000 North Enterprise Zone
designated by the City in Ordinance No. 2000-00032 covering the above described
property; and
WHEREAS, the Guidelines and Criteria Governing Tax Abatement For Selected
Taxing Units Contained Within Lubbock County was heretofore adopted by Resolution
No. 2003-RO370 of the City Council of the City of Lubbock, and amended by Resolution
No. 2004-R0593. A copy of the amended Guidelines and Criteria Governing Tax
Abatement for Selected Taxing Units Within Lubbock County is attached as Exhibit `B"
and incorporated herein as if fully set forth; 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 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. 2003-RO370 of the City on September 18, 2003, and amended by Resolution No.
2004-RO593 on December 16, 2004; and
AGREEMENT - THE HURLEY COMPANIES PAGE 1
WHEREAS, the City did pass Ordinance No. 2000-00032 creating the Lubbock
2000 North Enterprise Zone for commercial and industrial tax abatement, said zone
including the area which is described in the attached Exhibit "A"; and
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 modernization 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. 2003-R0370, and amended by Resolution No. 2004-R0593,
does recognize modernization of an existing facility as being eligible for tax abatement
status; and
WHEREAS, the City Council finds that although the project is not included as a
target industry in the guidelines, it has the potential of generating additional significant
economic development opportunities to Lubbock; and
WHEREAS, the City Council does hereby find that all of the Guidelines and
Criteria Governing Tax Abatement, as adopted by Resolution No. 2003-R0370, and
amended by Resolution No. 2004-R0593, 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 five (5) years from January 1 of the tax year after the required improvements are
substantially completed 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 2005, and the assessed value of the real property shall
be the assessed value applicable to such property for said year.
AGREEMENT - THE HURLEY COMPANIES PAGE 2
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. Property 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. 2003-R0370, amended by Resolution No. 2004-RO593 is
incorporated by reference herein as if fully set out in this Agreement and fully describes
the property ineligible for tax abatement.
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 the property which is
described in Exhibit "A".
(b) All eligible tangible personal property, owned by 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 Qualifications. Company agrees to expend funds
necessary to qualify for tax abatement by modernizing an existing facility, as set forth in
Section IV(3)(b) of the amended Guidelines and Criteria Governing Tax Abatement for
selected taxing units contained within Lubbock County (Exhibit `B") on the property
described in Exhibit "A". A description of the kind, number and location of all proposed
improvements is attached in Company's application, Exhibit "C" and incorporated herein
as if fully set forth.
SECTION 8. Value of Improvements. In accordance with V.A.T.C., Tax Code,
Section 312.204(a), which requires the Owner of the property to make specific
improvements or repairs to the property in order to be eligible for tax abatement,
AGREEMENT - THE HURLEY COMPANIES PAGE 3
Company will expend one hundred thousand dollars ($100,000) for the modernization of
the existing facility and one million dollars ($1,000,000) on new equipment to be located
within the enterprise zone created by Ordinance No. 2000-00032.
SECTION 9. Job Creation. The Hurley Companies agrees to create and retain
twenty (20) new permanent full-time jobs within the Company plant located at 2902
Municipal Drive, which is further described in Exhibit "B", within twelve months of the
date of this agreement.
SECTION 10. Electricity Provider. The Hurley Companies agrees to utilize
Lubbock Power & Light (LP&L) for electrical services for the term of the tax abatement.
If company chooses to utilize a different Power Company, this contract shall be
terminated.
SECTION 11. City Access to Property. Company covenants and agrees that City
shall have access to the property, which are 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 compliance with the terms and conditions of
Company's application for tax abatement, attached as Exhibit "C", and this Agreement.
SECTION 12. 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 13. Commencement Date. This Agreement shall commence January 1
of the tax year after the required improvements are substantially completed and shall
expire five (5) years after such date.
SECTION 14. Type of Improvements. Company proposes to modernize an
existing structure as described in Exhibit "C". Company further states that the proposed
improvements to the property above mentioned shall commence on the 1" day of June,
2005, and shall be completed within approximately four (4) months from said date.
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. Company
shall provide a copy of the certificate of occupancy or other proof of completion within
ten days of completion of improvements.
AGREEMENT - THE HURLEY COMPANIES PAGE 4
SECTION 15. 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 16. 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 17. Recapture. 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. 2003-RO370 of the City Council of the City of Lubbock and amended by
Resolution No. 2004-R0593.
SECTION 18. Certification. Company agrees to certify annually in writing to the
governing body of each taxing unit that the owner is in compliance with the terms of the
Agreement.
SECTION 19. Compliance. The City may cancel or modify this Agreement if
Company fails to comply with the Agreement.
SECTION 20. 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
THE HURLEY COMPANIES
Tom Hurley
PO Box 3667
Lubbock, TX 79452
AGREEMENT - THE HURLEY COMPANIES PAGE 5
SECTION 21. 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
THE HURLEY COMPANIES
TOM HURLEY
PRESIDENT
Tax Abatement Agmt-Hurley
May 26, 2005
day of , 2005.
CITY OF LUBBOCK
A Municipal Corporation
MARC MCDOUGAL, MAYOR
ATTEST:
Rebecca Garza
City Secretary
APPROVED AS TO CONTENT:
Rob Allison
Director of Business Development
APPROVED AS TO FORM:
Linda L. Chamales, Senior Attorney
Office Practice Section
AGREEMENT - THE HURLEY COMPANIES PAGE 6
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GUIDELINE$ Mb""PIMki, Ov' "0 -4— TA]c ATEMENT
FOR tit U S L°CSIVTAIITHIN
LU�BO�K COUNTY
SECTION I. General Purpose:
The Affected Jurisdictions located wholly within or partially within the County of Lubbock, Texas,
are committed to the promotion of high quality development in all parts of Lubbock County, Texas;
and to an ongoing improvement in the quality of life for the citizens residing within the Affected
Jurisdictions. The Affected Jurisdictions recognize that these objectives are generally served by
enhancement and expansion of the local economy. The Affected Jurisdictions will, on a case by
case basis, give consideration to providing tax abatement, as authorized by V.T.C.A., Tax Code,
Chapter 312, as stimulation for economic development within the Affected Jurisdictions. It is the
policy of the Affected Jurisdictions that said consideration will be provided in accordance with the
guidelines and criteria herein set forth and in conformity with the Tax Code.
Nothing contained herein shall imply, suggest or be understood to mean THAT the Affected
Jurisdictions are under any obligation to provide tax abatement to any applicant and attention is
called to V.T.C.A., Tax Code, Section 312.002(d). With the above rights reserved all applications
for tax abatement will be considered on a case by case basis.
SECTION II. Definitions:
As used within these guidelines and criteria, the following words or phrases shall have the
following meaning:
1. Abatement of Taxes: To exempt from ad valorem taxation all or part of the value of
certain Improvements placed on land located in a reinvestment zone designated for
economic development purposes as of the date specified in the Tax Abatement
Agreement for a period of time not to exceed ten (10) years.
2. Affected Jurisdiction: The County of Lubbock and City of Lubbock.
Abatement Agreement: (1) A contract between a property owner and an Affected
Jurisdiction for the abatement of taxes on qualified property located within the
reinvestment zone; or, (2) a contract for the abatement of taxes between an Affected
Jurisdiction and a certified air carrier who owns or leases Real Property located within
the reinvestment zone or Personal Property or both as authorized by V.T.C.A., Tax
Code, Section 312.204(e)
4. Base Year Value: The assessed value of property eligible for tax abatement as of
January 1 preceding the execution of an Abatement Agreement as herein defined.
5. Distribution Center Facility: A building or structure including Tangible Personal
Property used or to be used primarily to receive, store, service or distribute goods or
materials.
6. Expansion of Existing Facilities or Structures: The addition of buildings,
structures, machinery or equipment to a Facility.
7. Existing Facility or Structure: A facility as of the date of execution of the Tax
Abatement Agreement, located in or on Real Property eligible for tax abatement.
2003 Industrial Guidelines
Amended December 16, 2004
Industrial Tax Abatement Guidelines
Amended December 16, 2004
Page 2
8. Facility: The improvements made to Real Property eligible for tax abatement and
including the building or structure erected on such Real Property and/or any Tangible
Personal Property to be located in or on such property.
9. Improvements to Real Property or Improvements: Shall mean the construction,
addition to, structural upgrading of, replacement of, or completion of any facility
located upon, or to be located upon, Real Property, as herein defined, or any Tangible
Personal Property placed in or on said Real Property.
10. Manufacturing Facility: A Facility which is Or will be used for the primary purpose of
the production of goods or materials or the processing or change of goods or
materials to a finished product.
11. Modernization/Renovation of Existing Facilities: The replacement or upgrading of
existing facilities.
12. New Facility: The construction of a Facility on previously undeveloped real property
eligible for tax abatement.
13. New Permanent Job: A new employment position created by a business that has
provided employment to an employee of at least 1,820 hours annually and intended to
be an employment position that exists during the life of the abatement.
14. Other Basic Industry: A Facility other than a distribution center facility, a research
facility, a regional service facility or a manufacturing facility which produces goods or
services or which creates new or expanded job opportunities and services a market
of which 50% of revenues come from outside of Lubbock County, Texas.
15. Owner: The record title owner of Real Property or the legal owner of Tangible
Personal Property. In the case of land leased from an Affected Jurisdiction or
buildings leased from a private party or tax exempt property, the lessee shall be
deemed the owner of such leased property together with all improvements and
Tangible Personal Property located thereon.
16. Productive Life: The number of years a Facility is expected to be in service.
17. Real Property: Land on which Improvements are to be made or fixtures placed.
18. Regional Services Facility: A Facility, the primary purpose of which is to service or
repair goods or materials and which creates job opportunities within the Affected
Jurisdictions.
19. Reinvestment Zone: Real Property designated as a Reinvestment Zone under the
provisions of V.T.C.A., Tax Code, Section 312.202.
20. Research Facility: A Facility used or to be used primarily for research or
experimentation to improve or develop new goods and/or services or to improve or
develop the production process for such goods and/or services.
21. Tangible Personal Property: Any Personal Property, not otherwise defined herein
and which is necessary for the proper operation of any type of Facility.
Industrial Tax Abatement Guidelines
Amended December 16, 2004
Page 3
SECTION III. Intent of Criteria and Guidelines:
The Intent of the criteria and guidelines, as herein set forth, is to establish the minimum standards
which an applicant for tax abatement must .meet in order to be considered for such status by the
Affected Jurisdictions.
SECTION IV. Criteria and Guidelines for Tax Abatement:
Any type of Facility will be eligible for tax abatement consideration provided such Facility meets
the following guidelines and criteria:
1. To qualify for Tax Abatement, the company must meet both of the following criteria:
a) The modernization or expansion of an existing facility of any type as herein
defined or construction of a new facility of any type as herein defined.
b) Producer, manufacturer or distributor of goods and services of which 50 percent
or more are distributed outside of Lubbock County,
2. In addition to the aforementioned, the taxing jurisdiction will consider abatement only
if the company meets one of the following criteria:
a) One of the following target industries:
i) Electronics/Electrical/Assembly: Manufacturing: Semiconductor
Fabrication.
ii) Value-added Agricultural Production including Food Processing and
Machinery
iii) Med Tech Research/Manufacturing/Assembly
iv) Aviation/Avionics Production/Rehab
v) Warehouse/Distribution
vi) Corporate Headquarters of a Regional/National Service Center
b) The project is not included as a target industry, but has the potential of generating
additional significant economic development opportunities to Lubbock
3. The company must meet one of the following criteria:
a) The project will add at least $1 million in real estate assessed valuation, or $2
million of personal property assessed valuation, or 25 new permanent jobs if the
facility is a new company to Lubbock.
b) The project will add at least $500,000 in real estate assessed valuation, or $1
million in personal property assessed valuation, or 20 new permanent jobs if the
facility is a modernization or expansion of an existing company that has
operated in Lubbock for five or more years.
Industrial Tax Abatement Guidelines
Amended December 16, 2004
Page 4
4. New or existing facilities,of any type herein defined, located in a reinvestment zone or
upon Real Property eligible for such status will be eligible for consideration for tax
abatement status provided that all other criteria and guidelines are satisfied
5. Improvements to Real Property are eligible for tax abatement status.
6. The following types of Property shall be ineligible for tax abatement status and shall
be fully taxed.
a) Real Property;
b) inventories or supplies;
c) tools;
d) furnishings and other forms of movable personal property;
e) vehicles;
f) aircraft;
g) housing;
h) boats;
i) hotel accommodations;
j) motel accommodations;
k) retail businesses;
1) property owned by the State of Texas or any State agency; and,
m) property owned or leased by a member of the affected Jurisdiction that did
not have an active tax abatement in place before they became a member of
the governing body or commission.
7. In order for a Facility to qualify for abatement, the following conditions must apply:
a) The owner or leaseholder of real property must make eligible improvements
to the real property; and,
b) In the case of lessees, the leaseholder must have a lease commitment of at
least five (5) years.
c) Facilities located within the certificated territory of the City's municipally
owned electric utility, Lubbock Power and Light (LP&L) must utilize LP&L for
electrical services during the term of the abatement, so long as LP&L's rates
are competitive on a state-wide basis.
8. In reinvestment zones, the amount and term of abatement shall be determined on a
case by case basis, however, in no event shall taxes be abated for a term in excess
of ten (10) years. The amount of the taxable value of Improvements to be abated and
the term of the abatement shall be determined by the municipality in all cases where
Industrial Tax Abatement Guidelines
Amended December 16, 2004
Page 5
the property for which tax abatement is applied for is within the City limits of the City
or by the County of Lubbock in all cases where the property for which tax abatement
is applied for is outside of the City limits of a municipality, but within the County of
Lubbock, except that a reinvestment zone that is ' a state enterprise zone is
designated for the same period as a state enterprise zone as provided by Chapter
2303, Government Code. The authority of all other taxing units shall be as set forth in
V,T.C.A., Tax Code, Section 312.206.
In enterprise zones, the governing body of each taxing jurisdiction may execute a
written agreement with the owner of the property. The agreement may, but is not
required to, contain terms that are identical to those contained in the agreement with
the municipality, county, or both, whichever applies, and the only terms for the
agreement that may vary are the portion of the property that is to be exempt from
taxation under the agreement and the duration of the agreement.
9. No property shall be eligible for tax abatement unless such property is located in a
reinvestment zone in accordance with V.T.C.A., Tax Code, Section 312.202 and the
tax abatement application is filed with the taxing jurisdiction before construction
begins.
10. Notwithstanding any of the requirements set forth in Section IV Subsection 3, the
governing body of an Affected Jurisdiction upon the affirmative vote of a three -fourths
(3/4) of its members may vary any of the above requirements when variation is
demonstrated by the applicant for Tax Abatement that variation is in the best interest
of the Affected Jurisdiction to do so and will enhance the economic development of
the Affected Jurisdiction. By way of example only and not by limitation the governing
body of an Affected Jurisdiction may consider the following or similar terms in
determining whether a variance shall be granted:
a) That the increase in productivity of the Facility will be substantial and hence
directly benefit the economy.
b) That the increase of goods or services produced by the Facility will be substantial
and directly benefit the economy.
c) That the employment maintained at the Facility will be increased.
d) That the waiver of the requirement will contribute and provide for the retention of
existing jobs within the Affected Jurisdiction.
e) That the applicant for tax abatement has demonstrated that if tax abatement is
granted to his Facility even though his Facility will not employ additional personnel
THAT nevertheless due to the existence of said Facility new jobs will be created
as a direct result of his Facility in other facilities located within the Affected
Jurisdiction.
f) Any other evidence tending to show a direct economic benefit to the Affected
Jurisdiction.
11. Taxability:
a) The portion of the value of Improvements to be abated shall be abated in
accordance with the terms and provisions of a Tax Abatement Agreement
executed between the Affected Jurisdiction and the owner of the Real Property
Industrial Tax Abatement Guidelines
Amended December 16, 2004
Page 6
and/or Tangible Personal Property, (which agreement shall be) in accord with the
provisions of V.T.C.A., Tax Code, Section 312.205.
b) All ineligible property, if otherwise taxable as herein described, shall be fully
taxed.
12. The governing body of each Affected Jurisdiction shall have total discretion as to
whether tax abatement is to be granted. Such discretion, as herein retained, shall be
exercised on a case by case basis. The adoption of these guidelines and criteria by
the governing body of an Affected Jurisdiction does not:
a) Limit the discretion of the governing body to decide whether to enter into a
specific tax abatement agreement;
b) Limit the discretion of the governing body to delegate to its employees the
authority to determine whether or not the governing body should consider a
particular application or request for tax abatement; or,
c) Create any property, contract, or other legal right in any person to have the
governing body consider or grant a specific application or request for tax
abatement.
13. The burden to demonstrate that an application for tax abatement should be granted
shall be upon the applicant. Each Affected Jurisdiction to which the application has
been directed shall have full authority to request any additional information from the
applicant that the governing body of such Affected Jurisdiction deems necessary to
assist it in considering such application.
SECTION V. Criteria and Guidelines for Creation of Reinvestment Zone:
1. No Property shall be eligible for tax abatement unless such property is located in a
reinvestment zone designated as such in accordance with V.T.C.A., Tax Code,
Section 312.202. To be designated as a reinvestment zone an area must meet one
of the following:
a) Substantially arrest or impair the sound growth of the municipality or county
creating the zone, retard the provision of housing accommodations, or constitute
an economic or social liability and be a menace to the public health, safety,
morals, or welfare in its present condition and use because of the presence of:
1. a substantial number of substandard, slum, deteriorated, or deteriorating
structures;
2. the predominance of defective or inadequate sidewalks or streets;
3. faulty size, adequacy, accessibility or usefulness of lots;
4. unsanitary or unsafe conditions;
5. the deterioration of site or other improvements;
6. tax or special assessment delinquency exceeding the fair value of the land;
7. defective or unusual conditions of title;
Industrial Tax Abatement Guidelines
Amended December 16, 2004
Page 7
8. conditions that endanger life or property by fire or other cause; or,
9. any combination of these factors;
a) Be predominantly open and, because of obsolete platting, deterioration of
structures or site improvements, or other factors, substantially impair or
arrest the sound growth of the municipality;
b) Be in a federally assisted new community located in a home rule
municipality or in an area immediately adjacent to a federally assisted
new community located in a home rule municipality;
c) Be located entirely in an area that meets the requirements for federal
assistance under Section 119 of the Housing and Community
Development Act of 1974 (42 U.S.C. Section 5318);
d) Encompass signs, billboards, or other outdoor advertising structures
designated by the governing body of the municipality for relocation,
reconstruction, or removal for the purpose of enhancing the physical
environment of the municipality, which the legislature declares to be a
public purpose; or,
e) Be reasonably likely as a result of the designation to contribute to the
retention or expansion of primary employment or to attract major
investment in the zone that would be a benefit to the property and that
would contribute to the economic development of the municipality.
2. For purposes of this Section, federally assisted new community is a federally assisted
area:
a) That has received or will receive assistance in the form of loan guarantees under
Title X of the National Housing Act (12 U.S.C., Section 1749aa et seq); and,
b) A portion of which has received grants under Section 107 (a)(1) of the Housing
and Community Development Act of 1974, as amended.
3. The governing body of a municipality, as required by Section 312.201, or a county, as
required by V.T.C.A., Tax Code, Section 312.401, shall hold a public hearing on the
designation of an area within its jurisdiction as a reinvestment zone. The burden shall
be on the owner of the property sought to be included in the zone or applicant for the
creation of the reinvestment zone to establish the following:
a) That the requirements of Subsection 1 of this Section have been met.
b) That the improvements sought are feasible and practical.
4. No later than the seventh day before the date set for the above public hearing notice
of such hearing shall be:
a) Published in a newspaper having general circulation in the Affected Jurisdiction.
b) Delivered in writing to the presiding officer of the governing body of each taxing
unit that includes in its boundaries Real Property that is to be included in the
reinvestment zone.
Industrial Tax Abatement Guidelines
Amended December 16, 2004
Page 8
5. At the public hearing above described in Subsection 3 above, any interested person is
entitled to speak and present evidence for or against the designation of such
reinvestment zone.
6. At the conclusion of the hearing described in Subparagraph 3 above, the governing
body shall enter its findings as follows:
a) That the applicant or owner has or has not met his burden as hereinabove set
forth, and/or,
b) That the improvements sought are or are not feasible and practical.
c) That the proposed improvements sought will or will not be a benefit to the land to
be included in the reinvestment zone and to the Affected Jurisdiction after the
expiration of an _agreement entered into under V.T.C.A., Tax Code, Section
312.204.
7. An application for the creation of a reinvestment zone shall not be granted unless the
Affected Jurisdiction considering such application enters affirmative findings to
Subparagraphs a, b, and c of Subsection 6 above set forth.
8. At the conclusion of the public hearing herein required and upon the affirmative
finding of the governing body as required by Subsection 7 above set forth, the
governing body may designate a reinvestment zone in accordance with the provisions
of V.T.C.A., Tax Code, Sections 312.201 or 312.401, whichever Section shall be
applicable under the premises.
The designation of a reinvestment zone expires five years after the date of the
designation and may be renewed for periods not to exceed five years, except that a
reinvestment zone that is a state enterprise zone is designated for the same period as
a state enterprise zone as provided by Chapter 2303, Government Code. The
expiration of the designation does not affect an existing tax abatement agreement
made in accordance with V.T.C.A., Tax Code, Section 312.201 through Section
312.209.
10. Designation of an area as an enterprise zone under the Texas Enterprise Zone Act,
Chapter 2303, Subchapter C, Texas Government Code, constitutes designation of
the area as a reinvestment zone under Subchapter B of the Property Redevelopment
and Tax Abatement Act without further hearing or other procedural requirements
other than those provided by the Texas Enterprise Zone Act, Chapter 2303,
Subchapter C, Texas Government Code.
SECTION VI. Tax Abatement Agreement:
1. After the creation of a reinvestment zone as hereinabove authorized a Tax Abatement
Agreement may be executed between the owner and any Affected Jurisdiction. A
Tax Abatement Agreement shall:
a) Establish and set forth the Base Year assessed value of the property for which
tax abatement is sought.
b) Provide that the taxes paid on the base year assessed value shall not be abated
as a result of the execution of said Tax Abatement Agreement.
Industrial Tax Abatement Guidelines
Amended December 16, 2004
Page 9
c) Provide that ineligible property as subscribed in Section IV, Subsection 6,
hereinabove shall be fully taxed.
d) Provide for the exemption of Improvements in each year covered by the
agreement only to the extent the value of such Improvements for each such year
exceeds the value for the year in which the agreement is executed.
e) Fully describe and list the kind, number and location of all of the improvements to
be made in or on the Real Property.
f) Set forth the estimated value of all improvements to be made in or on the Real
Property.
g) Clearly provide that tax abatement shall be granted only to the extent:
1. The Improvements to Real Property increase the value of the Real Property
for the year in which the Tax Abatement Agreement is executed; and,
2. That the Tangible Personal Property improvements to Real Property were not
located on the Real Property prior to the execution of the Tax Abatement
Agreement.
h) Provide for the portion of the value of the improvements to Real Property of
improvements to be abated. This determination is to be made consistent with the
provisions of Section 1V, Subsection 6, of these guidelines and criteria as
hereinabove set forth.
i) Provide for the commencement date and the termination date. In no event shall
said dates exceed a period of ten years.
j) Describe the type and proposed use of the improvements to Real Property or
improvements including:
1. The type of facility.
2. Whether the improvements are for a new facility, modernization of a facility,
or expansion of a facility.
3. The nature of the construction, proposed time table of completion, a map or
drawings of the improvements above mentioned.
4. The amount of investment and the commitment for the creation of new jobs.
5. A list containing the kind, number and location of all proposed Improvements.
6. Any other information required by the Affected Jurisdiction.
k) Provide a legal description of the Real Property upon which improvements are to
be made.
1) Provide access to and authorize inspection of the Real Property or improvements
by employees of the Affected Jurisdiction, who have executed a Tax Abatement
Agreement with owner to insure improvements are made according to the
specifications and conditions of the Tax Abatement Agreement.
Industrial Tax Abatement Guidelines
Amended December 16, 2004
Page 10
m) Provide for the limitation of the uses of the Real Property or improvements
consistent with the general purpose of encouraging development or
redevelopment of the zone during the period covered by the Tax Abatement
Agreement.
n) Provide the contractual obligations in the event of default by owner, violation of
the terms or conditions by owner, recapturing property tax revenue in the event
owner defaults or otherwise fails to make improvements as provided in said Tax
Abatement Agreement, and any other provision as may be required or authorized
by State Law.
o) Contain each term agreed to by the owner of the property.
p) Require the owner of the property to certify annually to the governing body of
each taxing unit that the owner is in compliance with each applicable term of the
agreement.
q) Provide that the governing body of the municipality may cancel or modify the
agreement if the property owner fails to comply with the agreement.
2. Not later than the seventh day before a municipality or the County of Lubbock(as
required by V.T.C.A., Tax Code, Section 312.2041 or Section 312.402) enters into an
agreement for tax abatement under V.T.C.A., Tax Code, Section 312.204, the
governing body of a municipality or a designated officer or employee thereof or the
governing body of the county of Lubbock or a designated officer or employee thereof
shall deliver to the presiding officer of the governing body of each of the taxing units in
which the property to be subject to the agreement is located, a written notice that the
municipality or the County of Lubbock as the case may be, intends to enter into the
agreement. The notice must include a copy of the proposed Tax Abatement
Agreement.
3. A notice, as above described in Subparagraph 2, is presumed delivered when placed
in the mail, postage paid and properly addressed to the appropriate presiding officer.
A notice properly addressed and sent by registered or certified mail for which a return
receipt is received by the sender is considered to have been delivered to the
addressee.
4. Failure to deliver the notice does not affect the validity of the agreement.
SECTION VII. Application:
Any present owner of taxable property located within an Affected Jurisdiction may
apply for tax abatement by filing an application with the county of Lubbock, when the
Real Property or Tangible Personal Property for which abatement is sought is located
within the County of Lubbock but outside of the City limits of any City or with the
appropriate City when the Real Property or Tangible Personal Property for which
abatement is sought is located within the City limits of a municipality located wholly or
partially within Lubbock County.
2. The application shall consist of a completed application form accompanied by:
a) A general description of the improvements to be undertaken.
Industrial Tax Abatement Guidelines
Amended December 16, 2004
Page 11
b) A descriptive list of the improvements for which tax abatement is requested.
c) A list of the kind, number and location of all proposed improvements of the Real
Property Facility or Existing Facility.
d) A 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.
e) A list of any and all Tangible Personal Property presently existing on the Real
Property or located in an existing facility.
f) A proposed time schedule for undertaking and completing the proposed
improvements.
g) A general description stating whether the proposed improvements are in
connection with:
1. the modernization of a facility (of any type herein defined); or,
2. construction of a new facility (of any type herein defined); or,
3. expansion of a facility (of any type herein defined); or,
4. any combination of the above.
h) A statement of the additional value to the Real Property or Facility as a result of
the proposed improvements.
i) A statement of the assessed value of the Real Property, Facility or Existing
Facility for the Base Year.
j) Information concerning the number of new jobs that will be created or information
concerning the number of existing jobs to be retained as result of the
improvements undertaken.
k) Any other information which the Affected Jurisdiction, to which the application has
been directed, deems appropriate for evaluating the financial capacity of the
applicant and compatibility of the proposed improvements with these guidelines
and criteria.
1) Information that is provided to an Affected Jurisdiction in connection with an
application or request for tax abatement and which describes the specific
processes or business activity to be conducted or the equipment or other property
to be located on the property for which tax abatement is sought is confidential and
not subject to public disclosure until the Tax Abatement Agreement is executed.
Information in the custody of an Affected Jurisdiction after the agreement is
executed is not confidential. (V.T.C.A., Tax Code, Section 312.003).
m) The Affected Jurisdiction to whom the application for tax abatement has been
directed shall determine if the property described in said application is within a
designated reinvestment zone. If the Affected Jurisdiction determines that the
property described is not within a current reinvestment zone then they shall so
notify the applicant and said application shall then be considered both as an
Industrial Tax Abatement Guidelines
Amended December 16, 2004
Page 12
application for the creation of a reinvestment zone and a request for tax
abatement to be effective after the zone is created.
SECTION Vill. Default Options
In the event that the applicant, owner or lessee has entered into a tax abatement
agreement to make improvements as defined in Section IV.2 above, but fails to undertake
or complete such improvements; fails to create all or a portion of the new jobs provided by
the Tax Abatement Agreement; or is in default of any of the terms or conditions contained
in the Tax Abatement Agreement; then in such event the Affected Jurisdiction to whom
the application for tax abatements was directed shall give the applicant or owner sixty (60)
days notice of such failure. The applicant or owner shall demonstrate to the satisfaction
of the Affected Jurisdiction above mentioned that the applicant or owner has commenced
to cure such failure within the sixty (60) days above mentioned. In the event the applicant
owner, or lessee fails to demonstrate that he is taking affirmative action to cure his failure,
the Affected Jurisdiction shall have three options:
(a) The Affected Jurisdiction may renegotiate the Agreement with the applicant,
owner or lessee, in which case the current Guidelines and Criteria Governing Tax
Abatement for Commercial Projects in Designated Enterprise Zones shall apply
to the new Agreement; or
(b) The Affected Jurisdiction may determine that good cause exists to cancel the
Agreement and all abatement of taxes shall terminate immediately; or
(c) The Affected Jurisdiction may terminate the Agreement and recapture taxes
abated under Section Vill. Recapture.
2. In any of the three options in subparagraph 1 above, the Affected Jurisdiction to which the
application for tax abatement was directed shall determine whether default has occurred
by the applicant, owner or lessee in the terms and conditions of the Tax Abatement
Agreement and shall so notify all other Affected Jurisdictions. Cancellation or termination
of the Tax Abatement Agreement by the Affected Jurisdiction to which the application for
tax abatement was directed shall constitute simultaneous action to all Tax Abatement
Agreements of all other Affected Jurisdictions.
SECTION IX. Recapture
In the event that any type of facility, (as defined in Section II, Subparagraphs 5, 6, 7,
8, 10, 11, 12, 14, 18, 20) is completed and begins producing goods or services, but
subsequently discontinues producing goods or services for any reason, excepting fire,
explosion or other casualty or accident or natural disaster or other event beyond the
reasonable control of applicant or owner for a period of 180 days during the term of a
tax abatement agreement, then in such even the Tax Abatement Agreement shall
terminate and all abatement of taxes shall likewise terminate. Taxes abated during
the calendar year in which termination takes place shall be payable to each Affected
Jurisdiction by no later than January 31 st of the following year. Taxes abated in years
prior to the year of termination shall be payable to each Affected Jurisdiction within
sixty (60) days of the date of termination. The burden shall be upon the applicant or
owner to prove to the satisfaction of the Affected Jurisdiction to who the application
for tax abatement was directed that the discontinuance of producing goods or
services was as a result of fire, explosion, or other casualty or accident of natural
Industrial Tax Abatement Guidelines
Amended December 16, 2004
Page 13
disaster or other event beyond the control of applicant or owner. In the event that
applicant or owner meets this burden and the Affected Jurisdiction is satisfied that the
discontinuance of the production of goods or services was the result of vents beyond
the control of the applicant or owner, then such applicant or owner shall have a period
of one year in which to resume the production of goods and services. In the event
that the applicant or owner fails to resume the production of goods or services within
one year, then the Tax Abatement Agreement shall terminate and the Abatement of
all taxes shall likewise terminate. Taxes abated during the calendar year in which
termination takes place shall be payable to each Affected Jurisdiction by no later than
January 31st of the following year. Taxes abated in years prior to the year of
termination shall be payable to each Affected Jurisdiction within sixty (60) days of the
date of termination. The one year time period, hereinabove mentioned, shall
commence upon written notification from the Affected Jurisdiction to the applicant or
owner.
2. In the event that the applicant or owner has entered into a tax abatement agreement
to make improvements to a facility of any type described in Section 1 above, but fails
to undertake or complete such improvements or fails to create all or a portion of the
number of new jobs provided by the Tax Abatement Agreement, then in such event
the Affected Jurisdiction to whom the application for tax abatement was directed shall
give the applicant or owner sixty (60) days notice of such failure. The applicant or
owner shall demonstrate to the satisfaction of the Affected Jurisdiction, above
mentioned, that the applicant or owner has commenced to cure such failure within the
sixty (60) days above mentioned. In the event that the applicant or owner fails to
demonstrate that he is taking affirmative action to cure his failure, then in such event
the Tax Abatement Agreement shall terminate and all abatement of taxes shall
likewise terminate. Taxes abated during the calendar year in which termination takes
place shall be payable to each Affected Jurisdiction by no later than January 31st of
the following year. Taxes abated in years prior to the year of termination shall be
payable to each Affected Jurisdiction within sixty (60) days of the date of termination.
In the event that the Affected Jurisdiction to whom application for tax abatement was
directed determines that the applicant or owner is in default of any of the terms or
conditions contained in the Tax Abatement Agreement, then in such even the
Affected Jurisdiction, shall give the applicant or owner sixty (60) days written notice to
cure such default. In the event such default is not cured to the satisfaction of the
Affected Jurisdiction within the sixty (60) days notice period, then the Tax Abatement
Agreement shall terminate and all abatement of taxes shall likewise terminate. Taxes
abated during the calendar year in which termination takes place shall be payable to
each Affected Jurisdiction by no later than January 31st of the following year. Taxes
abated in years prior to the year of termination shall be payable to each Affected
Jurisdiction within sixty (60) days of the date of termination.
4. In the event that the applicant or owner allows ad valorem taxes on property ineligible
for tax abatement owed to any Affected Jurisdiction, to become delinquent and fails to
timely and properly follow the legal procedures for their protest or contest, then in
such even the Tax Abatement Agreement shall terminate and all abatement of taxes
shall likewise terminate. Taxes abated during the calendar year in which termination,
under this subparagraph, takes place shall be payable to each Affected Jurisdiction
by no later than January 31st of the following year. Taxes abated in years prior to the
year of termination shall be payable to each Affected Jurisdiction within sixty (60)
days of the date of termination.
5. In the even that the applicant or owner, who has executed a tax abatement
agreement with any Affected Jurisdiction, relocates the business for which tax
Industrial Tax Abatement Guidelines
Amended December 16, 2004
Page 14
abatement has been granted, to a location outside of the designated reinvestment
zone, then in such event, the Tax Abatement Agreement shall terminate after sixty
(60) days written notice by the Affected Jurisdiction to the Owner/Applicant. Taxes
abated during the calendar year in which termination, under this subparagraph takes
place shall be payable to each Affected Jurisdiction by no later than January 31st of
the following year. Taxes abated in years prior to the year of termination shall be
payable to each Affected Jurisdiction within sixty (60) days of the date of termination.
6. The date of termination as that term is used in this Subsection Vill shall, in every
instance, be the 60th day after the day the Affected Jurisdiction sends notice of
default, in the mail to the address shown in the Tax Abatement Agreement to the
Applicant or Owner. Should the default be cured by the owner or Applicant within the
sixty (60) day notice period, the Owner/Applicant shall be responsible for so advising
the Affected Jurisdiction and obtaining a release from the notice of default from the
Affected Jurisdiction, failing in which, the abatement remains terminated and the
abated taxes must be paid.
7. In every case of termination set forth in Subparagraphs 1, 2, 3, 4 and 5 above, the
Affected Jurisdiction to which the application for tax abatement was directed shall
determine whether default has occurred by Owner (Applicant) in the terms and
conditions of the Tax Abatement Agreement and shall so notify all other Affected
Jurisdictions. Termination of the Tax Abatement Agreement by the Affected
Jurisdiction to which the application for tax abatement was directed shall constitute
simultaneous termination of all Tax Abatement Agreements of all other Affected
Jurisdictions.
8. In the event that a tax abatement agreement is terminated for any reason what so
ever and taxes are not paid within the time period herein specified, then in such
event, the provisions of V.T.C.A., Tax Code, Section 33.01 will apply.
SECTION X. Miscellaneous:
1. Any notice required to be given by these criteria or guidelines shall be given in the
following manner:
a) To the owner or applicant: written notice shall be sent to the address appearing
on the Tax Abatement Agreement.
b) To an Affected Jurisdiction: written notice shall be sent to the address appearing
on the Tax Abatement Agreement.
2. The Chief Appraiser of the Lubbock Central Appraisal District shall annually assess
the Real and Personal Property comprising the reinvestment zone. Each year, the
applicant or owner receiving tax abatement shall furnish the chief Appraiser with such
information as may be necessary for the abatement. Once value has been
established, the Chief Appraiser shall notify the Affected Jurisdictions which levy
taxes of the amount of assessment.
3. Upon the completion of improvements made to any type of Facility as set forth in
Section Vill, Subparagraph 1 of these criteria and guidelines a designated employee
or employees of any Affected Jurisdiction having executed a tax abatement
agreement with applicant or owner shall have access to the Facility to insure
compliance with the Tax Abatement Agreement.
Industrial Tax Abatement Guidelines
Amended December 16, 2004
Page 15
4. A tax abatement agreement may be assigned to a new owner but only after written
consent has been obtained from all Affected Jurisdictions which have executed such
an agreement with the applicant or owner.
5. These guidelines and criteria are effective upon the date of their adoption by an
Affected Jurisdiction and shall remain in force for two years. At the end of the two
year period these guidelines and criteria may be readopted, modified, amended or
rewritten as the conditions may warrant.
6. Each Affected Jurisdiction shall determine whether or not said Affected Jurisdiction
elects to become eligible to participate in tax abatement. In the even the Affected
Jurisdiction elects by resolution to become eligible to participate in tax abatement,
then such Affected Jurisdiction shall adopt these guidelines and criteria by separate
resolution forwarding a copy of both resolutions to all other Affected Jurisdictions.
7. In the event of a conflict between these guidelines and criteria and V.T.C.A., Tax
Code, Chapter 312, then in such event the Tax Code shall prevail and these
guidelines and criteria interpreted accordingly.
8. The guidelines and criteria once adopted by an Affected Jurisdiction may be
amended or repealed by a vote of three -fourths of the members of the governing
body of an Affected Jurisdiction during the two year term in which these guidelines
and criteria are effective.
Exhibit "C"
APPLICATION FOR INDUSTRIAL TAX ABATEMENT IN LUBBOCK COUNTY
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) 775-2019
:ox �FPLICAI''ON71
Date of Application: �II
Applicant Name: .77M ij!ej �
Company Name: u Cv de#t 14 Jd r"N
Address:
Phone: "- %q,5--
Applicants Representative on this project:
Name: R LJk , _ 4 - JQU /? c.
Address:
Phone: 7q-f Sy y )
Fax: - y S % ) 0`2
iy
Type of Ownership: -j 4 Corporation (] Partnership [ ] Proprietorship
Total Current Number Employeesk2
:
/
Corporate Annual Sales Per Year: h. e)zu 0'0 A d0
Annual Report Submitted? [ ] Yes] No
imnaoG7nnn
Industrial Tax Abatement Application
Page 2
'SeEfconSfll -: fGt7t7lfiFIII/J41
Place a check mark in the box on those statements which are applicable to your company:
? (a) This application is for a: y New Facility 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)
iw Yes [ ] No
(c) Check the following target industry which is applicable to your company
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
5] 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) [ 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
P4 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
[ J 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:
(i) Legal description of proposed facility:
.46aL.1S l.,.wil,.
Q) The proposed facility is located in:
School District:
City:
industriai Tax Abatement Application
Page 3
(k)
V V
1'Bect6n1a "ILIVE MESM I IM '
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).
Part A — Current Investment in Existing Improvements:
Part B — Permanent Employment Estimates:
(1) If existing facility, what is the current plant employment:
(2) Estimated number, of new jobs to be created and time frame for creation of jobs:
New Jobs Jd Time Frame /,I i^'-Dii/1� S
Industrial Tax Abatement Application
Page 4
(3) Opening of improvements: (Month) Q �'r of (Year) 20-.
Part C — Permanent Payroll Estimates: ,�c
(1) If existing facility, what is the current plant payrol
(2) Estimated amount of new payroll: 3 J,) co o
Part D — Construction and Employment Estimates:
(1) Construction start: Month Year 206Sr
(2) Number of construction jobs: At Start Peak
(3) Number of man-years:
Part E — School District Impact Estimates:
Give Estimated number of: Families transferred to area AA
Children added to ISD's
Part F — City Impact Estimates:
Finish b
(1) Volume of treated water required from City gallons per day.
(2) Volume of effluent to be treated by City 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.
(4) Has permitting been started? ❑ Yes 'k No
Part G — Estimated Appraised Value on Site:
LAND
Value of Existing Facility
Before New Construction aa~% 990
(From Central Appraisal District)
Value of New Improvements
Estimated Total Value After
Improvements
NA
PERSONAL IMPROVEMENTS
PROPERTY 0
093
�s �
Industrial Tax Abatement Application
Page 5
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.
(a) Has applicant made application for abatement of this facility by other taxing jurisdictions or counties?
[ ] Yes �( No
(b) If "Yes", please provide:
(1) Dates of Application:
(2) Hearing Dates:
(3) Name of Jurisdicton(s):
(4) Name of Contact(s):
(4) Attach any letters of intent to abate.
To the best of my knowledge, the above information is an accurate description of project details.
Company Officia S' ature
Printed Name of Cer6pany Official
Title of Company Official
ATI ,
Confidential
2005 ANNUAL SALES
i r. -
�lAti. E€%
i&
APR. MA_Y AUG. $ PT- Oct
AI►4PLANT
284,399.42 280,295:92
322,341,
3
:Y ♦�'C:OMMMnE3
27,365.92 35,143.04
37,92501
,,' 1�lTilON
35,416.11 31,139.05.
18;2`L4.27
IiJN
10,04.45 10,072.59
24,851.51
Yl4i� ES FARMS
31,80.09
23,839:09
11,278.51 .14,892$3
10,6924e
iSWE DMIYORATSD
18,73271 3,589.92
12;050.38
MA"AMIRINo
C259.49 O;nei;c.9
1!l 7510
;
Iq�i�ilNows.
- 8;454AS
20,19e.43
1,419.13 M.101.80
1,488.73
CH�l1�IfAS 1,K8F{iS
- 8,300-00
.
1NAR BEWAIEW
4,770A0
dtAFl�AC4(c MAUS
1 r?23.24 1,517.24
�►JffiIN,�CIPIMS
1,li84.57
$ API de
N€btbKEY
#1tinldMf!
3,11180
431.51 SAM.21
6�1:p0
�bT,8,5,
Lyb
ACADO W"MY
00.00 2,723:80
323 90
Il+t rRtirabft
WI�i iK1.S t8CRAP}
MAS 910.70
1,010.a0.
INd
1�ROLA�^3
lA43A4 935,00
41Zi)0,'
NnIES.
q !},D9 .
�643.90
bA LWN90CK
1,298.33
930.00
N'PLAINS PAS,
126.00
1'966.0
INC.
+�,dOp.00
dCSEPH.INC.
777.00 Moo
8
t11IfflJ Sim STORAOe
e/9ao 21'0;00
WtUftA
1; 14:Ex4
TIMM"
1,414.9$
TICS
- 1,388.78
STREAM
-
1,177.Q8
q DOkt E
E7�.Z4 -
4"-M
INb"* Mms
1,108.42
RS
CO.
1;000:00
YICE5; INC.
'I'MO.00
BiA� L ENVELOPE
B97.42
i?hRMA
857.14
.4-WATER TOO
849.00
PLbW CONTROL
W&40:
ffii\L PACFtAdM
�1ROPLJ1T1N0
105.00 180.00'
2E800
UMBRaLA
-
483.13
. Ri�RICATIt)N
-
4Y6$T
ksTorl
A37-25
411.96
PRINt1NO
324.00
MPORAVW
- 111.95
152;86
RN GRAPHICS
-
2W.70
Z° •3
Page 1
TAL
887,08475
100,434.67
84,829.03
62,4W.55
55,535.15
38,e03.50
31,373.01
28,316.67
25,591,30
24,SW.09
5,300.00
4,770.00
4,730.32
4.682.03
4,081.80
4,074.57
059.20
3,107,80
%&%.1e
2,718.25
2 590,14
2,455.00
2,14223
2,098.08
2,057.90
$000.00
1,02285
1,818.36
1,835.22
1,444.84
1,444.35
1,368.7e
1,177AS
1,15258
1,109.42
1,029.12
1,000-00
1,000.00'
07.42
957.14
848,00
823.40
601.69
550.00
483.12
482.62
415.57
437.65
437.25
411.06
324.00
284.80
260.70
Page 1
Confidential 2005 ANNUAL SALES
Page 2
NOV.
Page 2
TOTAL
258.26
240.57
231.84
218.00
203.00
200.00
198.80
180.25
177.87
172.00
168.98
158.96
158.24
135.59
130.00
114.85
101.90
96.00
90.00
$3.75
78.82
78.84
75.00
74.50
74.00
82.80
00.50
45.00
48.00
42.50
42.24
42.00
41.20
41.20
33.00
31.25
30.90
13.00
0.00
Hurley Packaging of Texas, Inc.
P.O. Box 3667
Lubbock, Texas 79452
806.745.5"0 Fax806.745.7180
An Equal Opportunity Employer
Attachment 2
A. modernization of building electrical & pluming and addition of manufacturing
equipment
B. 1. upgrade plumbing & electrical to existing building $100,000.00
2. Blow mold equipment $450,000.00
Bottling equipment $200,000.00
Box Printing equipment $500,000.00
C. See schedule
Hurley Packaging of Texas, Inc. is a division of Hurley Companies
12131104
Client 3698
2004 Federal Depreciation Schedule
Hurley Packaging of Texas, Inc.
752576597
Prior
Cur S(at
179/ Prior Salvage
Date Date
Cost/ Bus. 119 f)epr.
Bonus/ Dec. B&L /Basis
Dapr.
Piro.
Ourrent
-No— &-m-rintinn
- Sold
_ 11mic JCL RanU Aflrru_
Sp Nnpr-_ _ f)WL Reduriq
RMN DAx MBllud j jf�'
RAte
Cingir
181 Electri.41PA)
10/04/09
3545
3,935
11396
Sh HY
10
,1=
399
183 Ddessa Pump
11/03/O0
637
637
439
2DOD8 HY
7
.ttM
57
125 Link+(Jumbo Press)
I1/22/OD
625
65
421
20OD8 HY
7
.08930
%
19a Prest Prin%i Pool lar
4/06/01
Z833
Z333
1,SM
20OD8 HY
7
.12499
354
191 laW'S
4108/01
4400
Z03
IN
20ODB HY
7
.1249D
300
192 Sl *b Wrap Vachins
4124/01
C923
6,923
3,895
20OD9 HAY
7
.12490
11si5
193 Lubbock ElecgJ mho Press
5/04/01
2,503
2,500
IAA
MD8 HY
1
.1249D
•312
194 Press 6ospe (Tam Tool)
5/15/01
SD5
805
453
ZDMB HY
7
.12493
101
195 Prinw
5/21AR
Z950
2,950
1,60
2ODDB HY
7
.12490
369
197 927rayRrrner
4119101
36M
36,660
21,623
20ODB HY
7
.12490
4.,579
199 Band Saw
7/16/01
4,000
OM
2,252
20DDB HY
7
.12492
5D3
20D Band Saw Outt System
7/ 18/01
483
483
Z71
203D5 HY
7
.12461
60
202 Strapper
7/25101
Z750
2,750
1,547
20DDB 14Y
7
.12490
343
203 Steel Dock
MUM
6,E59
6,B59
1,715
S/L HY
10
AOOOD
686
201 Oontrol Banc 84 Press
9/01 /Ot
2,5M
Z 5M
1.406
20MB HY
7
.12491
312
207 McMachlne
11/01/Ot
601
601
33B
2MD91.4Y
7
.12490
75
208 Factory Equip (Cl!e)
11/19/01
1,05C
11054
593
20ODD HY
7
.1249D
132
209 Baler
11/16/01
Z100
Z100
11181
=a HY
1
.12493
21i2
210 8iq Press (Lub E)er:)
1/03/02
ZWD
ZSD3
0
2aOD8 HY
)
0
212 51' aft
Y3162
4,1DD
4,700
0
20ODB HY
7
0
214 Moving Eopment
4/10/02
IM
15D
0
2D09B HY
7
0
215 Lubbock Ekrc *
4129/02
2<000
2,009
0
2WDB HY
7'
0
2Z5 Enter"ek mad"
9/13/02
41289
4,2b9
0
2MD6 HY
7
0
217 Recycling Mad"
2/05/03
12,503
12,540
0
2ODD8 MQ
7
0
228 Air Cornplessor
2/14/D3
41,950
6,951)
0
200D8MQ
7
0
229 Strapper
2/06/03
10.965
18,%5
0
2aODB MQ
7
0
233 Pneumatic Hand Tool
4//15/03
1,6W
t,6D7
0
ZODDB MQ
7
0
12131/04
Client 3698
2004 Federal Depreciation Schedule
Packaging of Texas, Inc.
Prior
75.2576591
for special 1791 Prar SaMige
Date Date
tosV But, 179 Depr. Bonus/ Dec. Bal. /Bois
0epr
Prior
Current
_Na_ Dnrripl'n� n !,
6MRk d �$pi_
Basis d_ Rnmuc �INA. Cn�� M_
Baas napr. LWhnd jjhL _
Rita
148 3 Air C❑nd & 1 Air tbmpn
8/l9/99
455
455
354
200D6 HY
7
.M20
41
149 Glue.,
8120/93
499
4"
387
20ODBIN
7
.0892D
45
151 Lease Fill McWhe
91201M
11.000
11,000
046
ME HY
7
AND
991
15Z Vertical swo(
9/20/99
SAD
5,OD3
%W
2007E HY
7
.06920
446
153 Har¢ontal Saw
8/2D/99
5,000
5,000
3,887
2011B HY
7
.08920
446
154 freight - A S K Foam Equl
912910
1,550
1,550
1,204
201DB W
7
.OWD
138
155 tabor - A & 11 Foam Equip
9/31197
4,230
4,23D
3,215
27ODB HY
1
.990
377
156 Labor - Iambriatinp MMectrin
8/31/99
A546
U46
SAN
ZOODB HY
7
.08320
762
157 NMI. A & ttEaeip
9129199
3,510
3,510
Z727
20DDB HY
7
.08920
313
159 Glue[
9/13/99
839
839
652
2DWS HY
7
.DB92J)
75.
160 Rom Intold tY,a hint
9/15/99
137
137
107
20OD8 NY
1
XWD
12
161 Plow Mich for Flemiltrer
9/22/94
871
871
676
210D8 HY
7
A52D
78
163 A & K InstAfion
10/31 /999
665
685
533
2i)003 HY
7
AM
61
16; Addri ODst Infold Machin
1 DAR/99
85D
Sb9
650
20MB HY
7
AM
76
165 Addt9 Out Flmgluer
10/24/99
1,303
1,3D3
1,012
2DODB W
7
.08920
116
166 Fa" Egemeet(Asoo)
11/03/99
214
214
166
200D8HY
7
.G; N
19
167 Addf l losta8ation A & K
11 /13/99
951
651
505
20DDB HY
7
.08920
58
168 Baler for PeavA h efte
11 /24/89
3,248
3,248
2,523
2000E HY
7
.MM
Z97
169 Fltaa Print Section
12/17/99
Z,B77
2,827
Z195
2D1DD HY
7
.0020
252
170 Addt9 lnsteldon A & X
12/21/93
Z394
4394
1,860
200DB HY
7
MO
214
171 Foam Diecutter
12117M
4,509
4,59D
3,495
20ODB NY
7
.0M
401
172 A & K Saw
1 /14/00
443
443
303
MB HY
7
M0
4D
174 Equ(pmml(0molideied)
2/03/00
1,880
1,883
1,293-
20ODD BY
7
.08930
IN
175 Egt6pment(ifoef Ellis)
2/10/0D
k627
8,627
5,933
200DB MY
7
.D393D
770
176 ERuipmentttMited font)
2/22/0D
715
715
491
ME HY
7
.06930
64
179 Vicki Flw Rift Slott
9/25/01
1%,OD0
106,D30
35,350
S/L NY
1D
.10003
MOM
190 Lubbock Eteci(Jumho Press
10102/OD
2,OD0
ZD30
703
SA HY
10
.10000
20D
12131104
Client 3698
2004 Federal Depreciation Schedule
Hurley Packaging of Texas, Inc.
75-2576597
Prior
ON S acid 179/ Prior Salvage
Date Oats
Cost/ Bus. 179 1�r_ Bonus/ Dec. Bal. /Basis
Depr.
Prior
Current
r)gtmjniien
M imd
R cio Pd Rants Allow _ SD napL _ Qplid-_ Wode
Basis „Dzp Wheel -Libp-
Rate
99 Air Strapper
6/15l96
123
123
109
2009E MQ
7
.M70
11
100 Mobil Air Fao
6/15199
414
414
364
2DODB 1,10
7
.03970
37
191 Palley lack
6/16/98
413
40
363
200DO MQ
7
.DWO
37
102 Mobil Air Fan
612VIS
414
414
364
2a0DB MO
7
.08870
37
1D4 Factory Equip (Lubb Elea)
7/17M
3,651
3,651
3,125
2ODD3 M8
7
.WW
323
108 M33111 Forldilt
1/22/99
6,812
6,912
E,143
2DODB MQ
7
.OWSO
5%
113 Lubbock Machine Too!
7MI98
476
476
4007
20009 MQ
7
.08850
42
115 Shcink%Vra2 machine
11/21198
9,142
9,142
7,645
21XDB MQ
7
.011730
799
121 11 m Folder Gkm
12/31/88
133,039
133,033
68,1B3
S/L M0
1D
.100
13,3D4
122 Labor - Flam Faller gin:
12121 /98
12,570
12,570
k442
S/L MO
10
.1M
1,257
123 FactigSwap Racks
6/15/96
13,002
13,000
11,413
200DS M2
7
.08870
11153
125 Air Comprescet
t/14/99
1,5D3
1,S0D
1,414
200D8, HY
5
4570
86
126 Addt9 Lost Rm 6Fuer
1/31/99
2,154
T;154
969
5/L HV
10
.10000
215
127 Addt9Cast Flm6Quer
2/28/93
1,032
1,032
464
S/L HY
1D
.1 =
1D3
t 129 Press
2/10/93
1,928
1,93
799
200D8 HY
7
.08920
92
129 Press Htad
3/17/99
1,37E
1,376
1,079
MB HY
7
.08920
123
130 Cmnvayor
3/17/93
70D
700
543
200DB .w
7
.OB920
62
131 StrelchWrap Maokia
4/o6/99,
6,71Z
6,712
5,214
200DOHY
7
.OW
5"
132 Factory Equip (tub Nash)
4/03/9:>
340
340
293
20ODB HY
7
.08920
30
125 Com pt
51071%
1,516
1,516
1,177
ZOO9B HY
7
.08920
135
137 Flom Press Parts
5107/99
566
5%
455
2D3DB HY
7
.08920
52
139 Press Attachrnmts
5/07/99
471
471
365
2030E W
1
.M20
42
13D Scrap Sy*m for Baler
5/12/99
3,5D3
3,SDD
2,719
2CODB HY
1
.08920
31Z
142 New Machine Okback Wald
6/30/99
0
107
83
200DD HY
7
.089220
10
143 Infoid Machine
7/31/93
3,086
3,0®3
43H
2DO38 HY
7
.08M
275
146 Hold Machine
9/31 /99
1,736
1,736
1,349
200DB W
7
.M20
155
147 Shrink Wrap Machine
8/12/99
5,477
5,477
4,255
2D3DB HY
7
.01W
489
1221104
Client 3698
2004 Federal Depreciation Schedule
Hurley Packaging of Texas, Inc.
75-2576591
Prior
btrr Special 179/ Prior Salvage
Date Date
Cosy Bus. 179 peer. Bonus/ Deg Sal. /Buis
Dep.
Prio-
Qrrrent
Nil
Or rrrj�tinnAmiNd
_ sold �
Rasis -Pei Qpnnc AI(em S,;_ DEPL lJapr- RWadn
R2si% [lee^ r_ : )ddihad ,JjjL
UP
52
Sucher head
7/10/96
1.745
1,745
1,312
S/L HY
10
.IMM
175
53
Marking alstem
9/19/96
97
97
755
S/L HY
10
.1mm
10
54
Glue q t rn
10/23/96
Z207
Z47
1,657
S/L HY
10
.10303
221
55
Press wearheul
10/01/96
Z,591
4591
1,943
5/L KY
10
JODOO
2n
56
Forkliftoverheal
11AWS
1.2%
I,295
975
S/L HY
10
.IMM
130
57
Shop tables
Wl/90
315
3t5
262
S/L HY
10
.1DWD
35
60
Press Update
1/03/97
Z002
Z002
11375
S/L Ma
1D
.10D00
200
61
Glmr System Update
1/20/97
993
883
674
S/L AIQ
10
.10D00
98
64
Aircompreur
5/20/97
1,575
1,575
1,046
S/L MQ
10
.1=
158
65
forklift overhaA :
6105197
4.25D
4,250
Z816
S/L MO
10
.100D0
423
66
Clutch to press
V17197
1123D
I'M
8IS
S/L MQ
1D
JWM
123
69
Newgluasfl ti
7/09/97
9,162
9,162
5,840
S/L MQ
10
.10H)
916
70
Propane tank-lerkl-rft
7/Zl/97
230
230
239
203DB #AQ
5
0
71
Sucher had
7/26/97
71
71
45
S/L NA
10
.10000
7
72
Tapamaclirne
2/31/97
3,213
3,213
2,046
S/L MQ
10
.10WO
321
73
Press motor
9/29/97
4,371
4,371
Zr786
S/L MD
10
.10300
437
75
PresslAalor
10/O7/97
1,210
1,210
1,117
200DBMG
7
.01690
93
76
Re ddForkliftMeIG.
11/19/97
I,335
1,335
1235
200DBM3
7
,0790
im.
77
1999 WerpitAw Forklrft
10/14/97
19 536
19,536
18,042
2WB MQ
7
.07640
I'm
79
1938 Wmw ter
11/11 /97
39,769
39,768
3%73D
208 MQ
7
.07640
3,038
87
3thr40 Sealer w/Tunnaf
1122M
3,003
3,000
1,763
S/L FAQ
10
AOOW
30D
81
warehouse Shelves
1/22/91
700
7W
fill
MR MQ
7
.08760
61
94
Press tw 8mr
4117/98
1,772
1,772
1,555
ZWD8 MQ
7
AM
157
95
2 Scrappers
4122/28
1,871
1,971
1,643
2oaDB MO
7
.08870
166
96
Rebuild Clark Forklif
SAV98
2,349
Z341
Z061
20OD8 MQ
7
.08810
201
97
Paper Skew
5112/99
1,500
1,500
1,317
2 3DB MQ
7
.08870
133
29
Rebuild Bandino Maahir+e
5/13/98
493
03
434
2D3DB MQ
7
.08970
44
m
12131104
Client 3598
2004 Federal Depreciation Schedule
Hurley Packaging of Texas, Inc.
75-217619111
Prior
cur rat 179/ Prior Salva�r.
Date Oats
ODS1/ BUT. 179 epa. Bonus/. Dec. Bal. /Basis
Deg.
Prior
Ourrent
rnllired �S-iId
Rasix -E!- Rnmic Allow Sn� DWL $gyp
Rxric Depr, _ McNnd JA _Qgla
Dzpr-
Form 1120, Schedule A
Machm"and Equipment
13 Compressor & fittings
4101/05
1.435
1,435
1,224
S/L
HY
10
-100D3
144
14 Bostitah stitclw
4/MS
1011
ilaell
14,374
S/L
HY
10
.tW
1,691
15 ME 2-cote- press
4/01/95
R347
48,347
41,097
SJL
HY
10
JOD30
4,835
16 Banhom
4/01/95
3,187
3,187
Z711
SA
HY
10
.10000
319
17 Patdarin eaaeter/iabler
4/01/95
416M
4,683
3,978
S/L
HY
10
.1M
468
18 Takeolf tables
4/01/95
Z,301
Z,3D0
t,955
S/L
HY
t0
.1D0IYJ
23D
t3 2 Forklifts ,
4/OMS
8,617
8,611
7,327
S/L
HY
10
JOU
Ile
2D Plant wkirrg & setup
4/01/95
16,390
16,390
13,932
S/L
HY
10
.10030
1,639
21 Plant telephone
4/01/95
165
165
165
S/L
HY
1
0
22 Baler-60' deem *ola
4n1 /95
Z200
2,20D
1,87D
S/L
HY
10
.10000
220
.23 LeSew press altachmbifts
6/28AS
6.470
6,410
5,500
S/L
HY
10
.1036D
61.7
24 Slitter" /soon; SL--1l
6/ Y%
23,432
23,482
19,958
S/L
HY
10
.100DO
Z;348
25 3M tape mactsne
8/08/95
75
75
68
S/L
HY
10
.1f1001J
7
26 Fireextinguisher
11/25195
272
278
218
S/L
HY
1
0
43. Pallet lack
1/25/96
15
75
69
S/L
HY
I
JOD00
8
44 Forklifto atmil
2/28/96
5,350-
5,350
4,013
S/L
HY
10
JOMO
535
45 Slmp tables
"2/02/96
329
328
247
SA
HY
10
.1M
33
46 Ghn system
3/ Y%
1,831
1,931
1,373
S/1.
HY
tO
.100D3
193
47 Tape machine
3/11/96
7,95
7,525
5,64T
SfL
HY
10
.10000
753
48 Timectak
2/21/96
216
2%
16S
S/L
HY
I
.10)30
22
49 Press motor
8/29/96
OR
G922
AM
S/L
BY
10
.10030
6S2
50 Trailer
4112/96
335
335
255
S/L
HY
10
.1DMO
34
51 Sh3pdesk
51291%
216
2%
165
S/L
HY
10
.1Da0D
22
H�VI��
OF CMiww
Tex
v
A. See Map
Hurley Packaging of Texas, Inc.
P.O. sox 3667
Lubbock, Texas 79452
806.745.5440 Fax806.745.7180
Attachment 3
An Equal Opportunity Employer
Hurley Packaging of Texas, Inc. is a division of Hur/eyCompsnies
No Text
MapQuest: Maps
Page 1 of 1
�-WAA WMIS
r
2902 E Municipal Dr
Lubbock TX
79403-2900 US
Notes:
................................................................................................
1U.0.0.10........E z........... I .............. I ...........
...
This map is informational only. No representation is made or warranty given as to its content. User assumes all risk of use.
MapQuest and its suppliers assume no responsibility for any loss or delay resulting from such use.
http://www.mapquest. com/maps/print.adp?mapdata=sllDb%2fBv9J8Y%2bUxCe7IO4wfw7%2blc... 4/22/2005
Hurley Packaging of Texas, Inc.
P.O. Box 3667
Lubbock, Texas 79452
806.745.5440 Fax806.745.7180
An Equal Opportunity Employer
Attachment 4
A. A $100,000.00 electrical & plumbing upgrade to building
B. See district schedule
Hurley Packaging of Texas, Inc. is a division of Hurley Companies
rage i U1 i
IM
Lubbock Central Appraisal District
Ownership is current as of 08/27/04
Links Your search returned 3 matches
• Home 4
a General Information Property
Owner Name
• News Id
P301143 SANTNS BEST
P82386 SANTNS BEST
• Taxing Units R27555 SANTAS BEST
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Property Search Results
Legal Description
OMITTED PROPERTY 2003 SARS
GOODS STORED @ OLD TG&Y WHSE
LUBBOCK (NDUSTRIAL PK L 5
Value
$1, 969, 95v.4)1)
http://www.lubbockcad-org/Appraisal/PublicAccess/PropertySearchResults.aspx 4/21/2005
R27555
Page 1 of 2
SANTAS BEST (00176740)
LUBBOCK INDUSTRIAL PK L 5
1,969,950
770 W FRONTAGE RD STE 160
NORTHFIELDJL 60093-1255
GLB, CLB, SLB, HSP, WHP
0
2902 E MUNICIPAL DR
ap ,• ; �a tx iQQ }
LUBBOCK, TX
Imp HS
- -
-
Imp NHS
$1,761,960 $1,761,964
$1,572,100
$1,572,100
Land HS
-
Date . Volume
Pago r,
Seller lName ,
Land NHS
$207,990 $207,990
$207,990
$207,990
12/26/1996 5355
123
PROVIDENT MUTUAL LIFE INS CO
Ag Mkt
- _
-
01/23/1996 5066
53
T G & Y STORES
CO #7400
Ag Use
- -
-
Tim Mkt
- -
"
Tim Use
- -
HS Cap
- -
"
Assessed
$1,969,950 $1,969,954
$1,780,090
$1,780,090
Construction. Foundation
Exterlor
interlor
Roof
FIQering"
HeatJAC
Bathe
Fireplace
Year Built
Rooms
Bedrooms
1975
Type Description Area Year Built Sit Year Value
C Commercial
$1,588,620
MA MA - Main Area
292096
1975 1975
$2,278,341
CP1 CPI - Paving Concrete
66300
1975 1975
$46,410
AP1 API - Paving Asphalt
62914
1975 1975
$11,326
OCI OCI - Other Commi Imp
1
$35,000
SPTB Description Area Market' Ag Valuo
F1 Commercial
519975F
103,995
F1 Commercial
519975F
103,995
R27555 Page 2 of 2
SANTAS BEST (00176740) LUBBOCK INDUSTRIAL PK L 5 1,969,950
770 W FRONTAGE RD STE 160
NORTHFIELD,IL 60093-1255
GLB, CLB, SLB, HSP, WHP 0
2902 E MUNICIPAL DR
LUBBOCK, TX
Imp HS
Imp NHS
Land HS
-
$1,761,960
-
-
$1,761,964
-
$1,572,100
-
$1,572,100
Date Volume Page
Sellet`Name
Land NHS
$207,990
$207,990
$207,990
$207,990
12/26/1996 5355 123
PROVIDENT MUTUAL LIFE INS CO
Ag Mkt
-
-
-
01/23/1996 5066 53
T G 8, Y STORES CO #7400
Ag Use
-
-
-
-
Tim Mkt
-
-
-
-
Tim Use
-
-
-
-
HS Cap
-
-
-
-
Assessed
$1,969,950
$1,969,954
$1,780,090
$1,780,090
Construction
Foundation,
Exterior
Interior
Roof
Flooring '
Heat/AC
Baths
Fireplace
Year Built
Rooms
Bedrooms
1975
Type Description
C Commercial
MA MA - Main Area
MA2 MA2 - Main Area Usf
Area
8505
6804
Year Built
1975
1975
Eff Year
1975
1975
Value
$173,340
$143,735
$114,988
SPTB Description Area Market
F1 Commercial 519975F 103,995
F1 Commercial 519975F 103,995
Ag Value
21
84
81
MA
MA2
Page 1 of
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Lubbock Central Appraisal District
Ownership is current as of 08/27/04
4
Owner Information
SANTAS BEST
770 W FRONTAGE RD STE 160
NORTHFIELD, IL 60093-1255
Improvement Images( R27555 )
XRef ID
R533900-00000-00050-000
Situs Address
2902 E MUNICIPAL DR
LUBBOCK, TX
There are 2 images associated with Improvements to this property. Click on the image to view it at full resolution.
http://www.lubbockcad. orglAppraisalIPublicAccessIPropertyImages. aspx?PropertyID=821 OS 0&PropertyO... 5/4/2005
Issue Date : 5/4/2005
Statement Of Account
ILI
This is a statement of taxes paid and due as of 5/4/2005based upon the tax
1715 26th St.
records of the Lubbock Central Appraisal District.
PO Box 10568
Lubbock, TX 79408-3568
This document is not a tax certificate and does not absolve a taxpayer from tax
Ph: 806-762-5000 x503 Fax:
liability in any way. Should this document be found to be in error, it may be
corrected by the collections office. Responsibility to pay taxes remains with the
taxpayer as outlined in the Texas Property Tax Code.
Property ID : R533900-00000-00050-000
Owner ID : 00176740
Quick -Ref ID : R27555
Value Information SANTAS BEST
770 W FRONTAGE RD STE 160
Land HS
$0.00 NORTHFIELD, IL 60093-1255
Land NHS
$207,990.0
Imp HS
$0.00 Ownership: 100%
LUBBOCK INDUSTRIAL PK
Imp NHS
$1,761,960.0
L 5
Ag Mkt
$0.00
Ag Use
$0.00
HS Cap Adj
$0.00
Assessed
$1,969,950.0
Total due on all bills 5/31/2005 : $0.00
0 2003 Tyler Technologies, Inc. Page 1 of 1