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HomeMy WebLinkAboutResolution - 1688 - Bond Issuance - LIDC - Savage Fiberglass Pipe Inc Project - 05_24_1984DGV:da RESOLUTION RESOLUTION 1688 - 5/24/84 A RESOLUTION OF THE GOVERNING BODY OF THE CITY OF LUBBOCK, TEXAS, APPROVING A RESOLUTION CONCERNING THE ISSUANCE OF BONDS PASSED BY THE LUBBOCK INDUSTRIAL DEVELOPMENT CORPORATION; AND APPROVING A PROJECT UNDER THE DEVELOPMENT CORPORATION ACT OF 1979, AS AMENDED, AND THE RULES OR REGULATIONS ADOPTED BY THE TEXAS ECONOMIC DEVELOPMENT COMMISSION AND SECTION 103 OF THE INTERNAL REVENUE CODE OF 1954, AS AMENDED; AND MAKING FINDINGS IN CONNECTION THEREWITH. WHEREAS, the City Council of the City of Lubbock, Texas, (the "Gover- ning Body") acting for and on behalf of the City of Lubbock, Texas (the "Unit") has heretofore approved the creation of a public non-profit corporation under the provisions of the Development Corporation Act of 1979, as amended, (the "Act") under the name of Lubbock Industrial Develop- ment Corporation, (the "Corporation") which has filed its Articles of Incorporation with the Secretary of State of the State of Texas, and has fully organized; and WHEREAS, the Corporation is authorized by the Act to issue bonds on behalf of the Unit for the purpose of paying all or part of the costs of a "project" as defined in the Act, and to lease or sell the project or to loan the proceeds of the bonds to finance all or part of the costs of a project;, and WHEREAS, the definition of "project" in the Act includes the land, buildings, equipment, facilities, and improvements (one or more) found by the Board of Directors of the Corporation to be required or suitable for the promotion of economic development and expansion and in furtherance of the public purposes of the Act, all as defined in the rules of the Texas Economic Development Commission (the "Commission"), irrespective of whether in existence or required to be acquired or constructed thereafter; WHEREAS, the Corporation has advised the Unit that Savage Fiberglass Pipe, Inc., a Texas corporation organized and existing under the laws of the State of Texas, is considering the acquisition, installation of furniture, fixtures, equipment and related facilities and the acquisition of trucks and tractors to be used in the manufacture, distribution and storage of fiberglass pipe and related materials as well as necessary business equipment and related facilities and equipment (the "Project") described in detail in Exhibit "A" attached hereto and incorporated herein; and WHEREAS, the Board of Directors (the "Board") of Lubbock Industrial Development Corporation, has, by a Resolution concerning Issuance of Bonds to Finance a Project for Savage Fiberglass Pipe, Inc., adopted February 16, 1984, substantially in the form attached hereto as Exhibit "A" (the f "Resolution"), agreed and declared its intent to issue its limited obliga- tion revenue bonds pursuant to the terms of the Development Corporation Act of 1979, Article 5190.6, Vernon's Texas Civil Statutes, as amended (the "Act") and such other statutes as may provide authority therefor, to finance the costs of the project and in the amount set forth in the Resolution; and WHEREAS, the Governing Body of the Unit, finds and declares that the action of the Board approving the Resolution should be approved and is in the best interests of the inhabitants of the Unit for the reasons therein set forth; WHEREAS, the Resolution was adopted by the Board to finance the Project proposed by Savage Fiberglass Pipe, Inc. on land described in Exhibit "B" attached to and incorporated in this Resolution; and WHEREAS, this Governing Body has been requested to review and approve the Project and the rules and regulations of the Commission and Section 103 of the Internal Revenue Code of 1954, as amended, permit the Unit to approve the Project after publishing and posting notice at least 14 days prior to the date set for public hearing and holding a public hearing; and WHEREAS, the notice of public hearing of the consideration of approval of the Project was posted at the City of Lubbock City Hall in the City of Lubbock, Texas on May 18, 1984 ; and WHEREAS, notice of public hearing of the consideration of approval of the Project was published in a newspaper of general circulation in the City, the Avalanche-Journ eh May 9 , 1984 and May 16 1984, the first of said dates being more than 14 days prior to the public hearing to consider approval of the Project; and WHEREAS, a copy of the notice as posted indicating the date and time of posting and signed by the City Secretary of the Unit and a copy of the notice as published together with the publishers affidavit certifying to the date of publication are attached to this Resolution as Exhibit "C" and incorporated herein; and WHEREAS, the notice of public hearing included a description of the Project and the date, time, and location of the public hearing concerning the approval of the Project; and WHEREAS, a public hearing was held at the date, time, and location specified in such notice, pursuant to the Rules and Regulations of the Commission and Section 103 of the Internal Revenue Code of 1954, as amended, for the purpose of determining whether this governing body should approve the Project; and f - 2 - WHEREAS, this Governing Body has reviewed the Project proposed by Savage Fiberglass Pipe, Inc. and considering the same to determine whether said Project: A. Is consistent with the Unit's objectives for industrial develop- ment; B. Conforms with the limitations, if any, provided in said Resolu- tion; C. Will contribute significantly to the fulfillment of the overall redevelopment objectives of the Unit; D. Conforms to the Project Approval Standards specified in the Rules and Regulations adopted by the Texas Economic Development Commission and Section 103 of the Internal Revenue Code of 1954, as amended; E. Will increase and stabilize employment opportunities, signifi- cantly increase or stabilize the property tax base and promote commerce within the Unit and the State of Texas; and F. Is in furtherance of the public purposes of the Act; and WHEREAS, this governing body has concluded that it is in the best interest of the unit and its inhabitants to approve the Project proposed by Savage Fiberglass Pipe, Inc. and therefore it desires to adopt this Resolution in compliance with the requirements of the Act, and rules and regulations of the Commission and Section 103 of the Internal Revenue code of 1954, as amended, NOW THEREFORE: BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LUBBOCK: SECTION 1. The public hearing on the question of whether the Project described in Exhibit "A" attached hereto proposed by Savage Fiberglass Pipe, Inc. to be constructed on the land described on Exhibit "B" attached hereto should be approved, is hereby closed; that persons who appeared at such hearing to offer testimony or evidence with respect to such question were given an opportunity to be heard and were heard; that based upon the evidence before this governing body, both in the form of testimony and documentary, this governing body makes the findings and determinations set forth in the following Sections of this Resolution. SECTION 2. The Resolution, attached hereto as Exhibit "A" and incorporated herein as adopted by the Board, agreeing and declaring an intent to issue limited obligations revenue bonds for the purposes and in the amount set forth in the Resolution is hereby approved. - 3 - SECTION 3. The Project proposed by Savage Fiberglass Pipe, Inc. consists of the acquisition and installation of furniture, fixtures, equipment and related facilities and the acquisition of trucks and tractors to be used in the manufacture, distribution and storage of fiberglass pipe and related materials as well as necessary business equipment and related facilities and equipment, fully described in Exhibit "A" attached hereto, at Lubbock, Texas, on land being fully described in Exhibit "B" attached hereto and incorporated in and made part of this Resolution. SECTION 4. The Project is located in the corporate limits of the City of Lubbock, the County of Lubbock, Texas. SECTION 5. The proposed project is a "Project" within the meaning of the Development Corporation Act, as amended, and is a project that will contribute significantly to increase and stabilize employment within the Unit. SECTION 6. The Applicant for said Project, Savage Fiberglass Pipe, Inc. has demonstrated to the satisfaction of this governing body, and this governing body finds that: A. Said Project is consistent with the Unit's objectives for development of industry and commerce; B. The Project will contribute significantly to the fulfillment of the overall redevelopment objectives of the Unit; C. The Project conforms to the Project Approval Standards of the Rules and Regulations of the Texas Economic Development Commis- sion and Section 103 of the Internal Revenue Code of 1954, as amended; D. The Project will increase and stabilize employment opportunities and will significantly increase or stabilize the property tax base and promote commerce within the Unit and the State; and E. The Project is in furtherance of the public purposes of the Act. SECTION 7. The Project proposed by Savage Fiberglass Pipe, Inc. should be and is approved by this governing body. SECTION 8. This Resolution is adopted for the purpose of satisfying the conditions and requirements of the Act, the Rules and Regulations of the Commission, and Section 103 of the Internal Revenue Code of 1954, as amended, and the regulation promulgated thereunder and for the benefit of the corporation, the Unit, the County, the Commission, Savage Fiberglass Pipe, Inc., the residents of the County, and all other interested persons. - 4 - SECTION 9. The governing board has considered evidence of the giving of notice of this meeting and officially finds, determines, recites and declares that: A. A sufficient written notice of the date, hour, and place of this meeting and of the subject of this. Resolution was posted at the bulletin board at a place convenient to the public in the City of Lubbock City Hall for at least 72 hours preceding the scheduled time of such meeting; such place of posting being readily accessible to the general public at all times from such time of posting until the scheduled time of such meeting; B. A sufficient written notice of the date, hours, and place of the meeting and of the subject of this Resolution was published in a newspaper of general circulation within the limits of the City of Lubbock on two consecutive weeks with the first publishing being at least 14 days preceding the scheduled time of such meeting; and C. Such meeting was open to the public as required by law at all times during which this Resolution and the subject matter thereof were discussed, considered, and formally acted upon, all as required by the Open Meetings Law, Article 6252-17, Vernon's Annotated Texas Civil Statutes, as amended. Passed by the City Council this 24th day of May , 1984. ATTEST: EvelyWGaffga, ecreta asurer APPROVED AS TO CONTENT: APPROVED AS TO FORM: . Vandiver; y Attorney Prepared by Development Solutions, Inc. - 5 - A CERTIFICATE FOR RESOLUTION CONCERNING ISSUANCE OF BONDS TO FINANCE A PROJECT FOR SAVAGE FIBERGLASS PIPE, INC. I, the undersigned Officer of the Lubbock Industrial Deve`1opmet* Corporation (the "Issuer"), hereby certify as follows: 1. In accordance with the Bylaws of the Issuer, the Board of Directors of the Issuer (the "Board") held a meeting on FEB 16 , 1984 (the "Meeting") of the duly constituted officers and members of the Board, at which a duly constituted quorum was present. thereupon among other business transacted at the Meeting, a written RESOLUTION CONCERNING ISSUANCE OF BONDS TO FINANCE A PROJECT FOR SAVAGE FIBERGLASS PIPE, INC. (the "Resolution") was duly Introduced for the consideration of the Board and read in full. It was moved and seconded that the Resolution be adopted; and, after due discussion, said motion, carrying with it the adoption of the Resolution, prevailed and carried. 2. A true, full, and correct copy of the Resolution adopted at the Meeting is attached to and follows this Certificate; the Resolution has been duly recorded in the Board's minutes of the Meeting; each of the officers and members of the Board was duly and sufficiently notified officially and personally, in advance, of the time, place, and purpose of the Meeting in accordance with the Bylaws, and that the Resolution would be introduced and considered for adoption at the Meeting, and the meeting was held and conducted in accordance with the Articles of Incorporation and Bylaws of the Corporation; notice of the meeting Was given pursuant to Article 6252-17, V.A.T.S. SIGNED AND SEALED this -10Vday of February, 1984. �� - (Seal) RESOLUTION CONCERTING ISSUANCE OF BONDS TO FINANCE A PROJECT FOR SAVAGE FIBERGLASS PIPE, INC.. WHEREAS, the governing body of the City of Lubbock, Texas (the "Unit"), a political subdivision, governmental agency, and body corporate and politic, has, pursuant to the Development Corporation Act of 1979, Article 5190.6, Vernon's Texas Civil Statutes, as amended (the "Act"). approved and created the Lubbock Industrial Development Corporation, a nonprofit corporation (the "Issuer"); WHEREAS. the Issuer, on behalf of the Unit is empowered to finance the cost of projects to promote and develop industrial, and manufacturing enterprises to promote and encourage employment and the public welfare by the issuance of obligations of the Issuer, Which projects will be inside the Unit's boundaries. WHEREAS, Savage Fiberglass Pipe, Inc., (the "User"), a Texas corporation, has filed an application and a project eligibility questionnaire whicb is attached hereto as Exhibit "A" and made a part hereof (the "Application"), and requested that the Issuer finance a project described in the Application (the "Project") within the boundaries of the Unit acid further that the Issuer adopt this Resolution with respect to the acquisition, construction and Installation of the Project; VMEREAS, the User has advised the Issuer that a contributing factor which would further induce tbe.User to proceed with providing for the acquisition of the Project would be a commitment and agreement by the Issuer to issue industrial development revenue bonds pursuant to the Act (the "Bonds") to finance and pay for the Project; WHEREAS, in view of cb,anging economic conditions, rising costs and the necessity of compliance with administrative regulations, it is considered essential that acquisition of the Project be completed at the earliest practicable date, but, at the same time, the User wishes to commence with the acquisition of the Project after satisfactory assurances from the Issuer that the process of the sale of the Bonds, or other obligations, of the Issuer in an amount necessary to pay the costs of the Project will be made available to finance the Project; L,THEREAS, the Issuer finds, intends, and declares that this Resolution shall constitute its official binding commitment, subject to the terms hereof, to issue Bonds, or other obligations, pursuant to the Act in an amount prescribed by the User now contemplated to be �$5,940,000 (but not to exceed $10,0009000 in any event) and to expend the proceeds thereof to acquire the Project and to pay all expenses and costs of the Issuer in connection with the issuance of the Bonds; and WHEREAS, the Issuer finds, considers, and declares that the Issuance :and sale of the Bonds in the amount and for the purposes hE7Elnobovc stt IL'LriG CCTt.'Ei_CT7t 6']t}1 the objectives of the hci , eTtd t},st the adoptiar, of this REsolution is and constitutes and is intended as (i) an inducement to the User to proceed with providing for the acquisition of the Project and (ii) the taking of affirmative official action by the Issuer, acting by and through its Board of Directors, towards the issuance of the Bonds within the meaning of federal income tax law with respect to interest on the Bonds to finance certain facilities to be financed by the issuance of exempt small issue bonds or .exempt facilities, including Treas. Reg. 91.103-8(a)(5); THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE LUBBOCK INDUSTRIAL DEVELOPMENT CORPORATION THAT: Section 1. Subject to the terms hereof, the Issuer agrees that it will: (a) Issue the Bonds, and if the User and the Issuer agree, other evidences of indebtedness providing temporary financing of the (Project which will be issued after the date hereof and be refunded by the Bonds pursuant to the Act, or any other Texas legislation heretofore or hereafter enacted which may provide a suitable method of financing in addition to or in substitution for the Act. (b) Cooperate with the User with respect to the issuance of the Bonds, if arrangements therefor satisfactory to the User and the Issuer can be made, the Issuer will take such action and authorize the execution of such documents and will take such further action as may be necessary .or advisable of the authorization, execution, and delivery of any contracts or agreements deemed necessary or desirable by the User or the Issuer in connection with the issuance of the Bonds (collectively, the "Contracts"), providing among other things for payment of the principal of, interest on, redemption premiums, paying agents` charges, and Trustee's fees; if any, an the Bonds;' payment of fees and charges of the Issuer and the Unit; acquisition, construction and Improvement of the Project; payment of fines and penalties; and use, operation, and maintenance of the Project (and the execution of any appropriate and necessary guaranty agreements), all as shall be authorized, required, or permitted by law and as shall be mutually satisfactory to the Issuer, the Unit, and the User. ' ' (c) If the proceeds from the sale of the Bonds are insufficient, take such actions and execute such documents as may be necessary to permit the issuance from time to time in the future of additional bonds on terms which shall be set forth therein, Whether on a parity with other series of bonds or otherwise, for the purpose of paying the costs of completing the acquisition, construction and installation of the Project, as requested by the User and within then applicable limitations. (d) 7akE cr causE tc be t�.�.c:. �,,;.'t. rtt;er �ctian� cs msti• ��E required to implement the aforesaid undertakings or as it may deem appropriate in pursuance thereof. The Bonds shall specifically provide that neither the State of Texas, the Unit, nor any political issuer, subdivision, or agency of the State of Texas shall be obligated to pay the same or the interest thereon and that neither the faith and credit nor the taxing power of the State of Texas, the Unit, or any political issuer, subdivision, or agency thereof is pledged to the payment of the principal of, premium, if any, or interest on the Bonds. Section 2. It is'undetstood by the Issuer and the Unit, and the User has represented to,.the Issuer, that in consideration of this Resolution and by filing the Application, and subject to the terms and conditions hereof, the User has agreed that: (a) Prior, to or contemporaneously with the sale of the Bonds in one or more series or issues from time to time as the Issuer and ,the User shall hereafter agree to in writing, the User will enter into the contracts with the Issuer under the teems of which the User will obligate itself to pay to the Issuer (or to a Trustee, as the case may be) sums sufficient in the aggregate to pay the principal of, interest on, redemption premiums, paying agents' fees, and Trustee's fees, if any, on the Bonds, as and when the same become due and payable, with such Contracts to,pontain the provisions described in Section 1 hereof and such other provisions as may be required or permitted by law and to be mutually acceptable to the Issuer and the User. (b) The User will (1) pay all Project costs which are not or cannot be paid or reimbursed from the proceeds of the Bonds and (2) at all times, indemnify and hold harmless the Issuer and the Unit against all losses, costs, damages, expenses, and liabilities of whatsoever nature (including but not limited to attorneys' fees, litigation and court costs, amounts paid in settlement, and amounts paid to discharge judgments) directly or indirectly resulting from, arising out of or related to the issuance, offering, sale, or delivery of the Bonds, or the design, construction, installation, operation, use, occupancy, maintenance, or ownership of the Project. Section 3. It is understood by the Issuer that all commitments of the Issuer and the User with respect to the Project and the Bonds are subject to the condition that the Bonds shall have been issued no later than five years from the date of this Resolution, or such other date as shall be mutually satisfactory to the Issuer and the User. Section 4. It is recognize and agreed by the Issuer that the User may exercise its rights and perform its obligations with respect to the financing of the Project either through (i) itself in its own name; (ii) any of its wholly -owned subsidiaries; (III) ,any "related " _ (}, i �� ; lC.' 1 RcvEnue pETEOTJcE E�eS1T�EG IT. SE'CT]C'L } %, iliE .'1.TtT'TiL. Code of 1954, as an -ended; or (iv) LL-V IEgF- I successor thereto, respectively, subject to approval of the Issuer's bond counsel and all references to the User shall be deemed to include the User acting directly through itself or any such approved entities. Section 5. The adoption of this Resolution, as requested in the Application, shall be deemed to constitute the acceptance of the User's proposal that it be further induced to proceed with providing the Project and the Application and this Resolution shall constitute an agreement between the Issuer and the User effective on the date this Resolution is adopted, and this Resolution is affirmative of official action taken by'the 19"suer towards the issuance of the Bonds. $, Ll'PbU }' 1';1s1*c-. F.I1:1. MA_ CO- T . _..1 ; APPLICATION FOR FINANCIAL PART ICIPATI0"' OF SAVAGE FIBERGLASS PIPE, INC., APPLICANT The undersigned, on behalf of the entity -named above as Applicant, hereby applies to the Lubbock Industrial Development Corporation (the "Corporation") for Project Financing, pursuant to the Development Corporation Act of 1979 ,and pursuant to the Regulations of the Corporation. We have reviewed the Corporation's Local Regulations presented to us and in effect on the date hereof, and we agree to and accept the terms thereof. The following Project Financing Questionnaire has been completed to the best of out ability, and the information contained therein and on any attachments thereto, represent a reasonably comprehensive outline of the Projept'and the financing requested in connection therewith. We submit herewith the Processing Fee required by subparagraph III(A)(1) of your Regulations, together with five copies of the executed Inducement and Indemnity Agreement required by subparagraph II (A) (2) of the Regulations. Preliminary Official Action, pursuant to paragraph II(B) of the Regulations is (is not) requested. (If such action is requested, attach separate statement of facts related to the request.) The undersigned warrants that he is authorized to submit this application on behalf of the Applicant. Presently Estimated Amount of Project Financing Requested: $5,940,000.00 SAVAGE FIBERGLASS PIPE, INC. . BY AUTHORIZED REPRESENTATIVE b EXHIBIT "A" INDUST1.I1:1 UEVELOP*:1I`7 FI1;AI;CING PP.OJECI ELIGIBILITY QUESTIONNAIRE 1. (a) Name, street address, mailing address and telephone number of entity that will lease or purchase the project (or borrow the bond proceeds from the bond issuer): Savage Fiberglass Pipe, Inc. 5205A 73rd Street Lubbock, Texas 79424 (806)794-7129 This entity is referred to as the "principal user" of the project for the remainder of this Questionnaire. (b) Name,. title, street address, mailing address and telephone number of representatives designated to work on the project and the financing for the principal user: Deyelopment Solutions, Inc. 305 Rusk P.O. Box 1927 Marshall, Texas 75670 ATTN: Mr. Paul Williams (c) Name, title, street address, mailing address and telephone number of legal counsel who will represent the principal user for the project and the financing: Jason R. Searcy, Esquire ABNEY, BALDWIN & SEARCY, INC. P.O. Box 1386 Marshall, Texas 75670 (d) Name, title, street address, mailing address and telephone number of the accounting firm of the principal user: To be determined - local ,firm in Lubbock 2. (a) Form of organization of principal user (check one): X corporation _ partnership _ sole proprietorship (b) State or other jurisdiction of incorporation or organization: Texas. ccscli�tiOn of the 4T,i«tiona7 etructr,rt, ir,c1udirF parent, subsidiaries and affiliates (state the degree of relationship): Texas privately owned corporation. 3. Ownership: List all stockholders or partners having 10% or more interest in the principal user: Ralph A. Shoberg J. T. Braun 4. If any of the above persons own more than 50% of the principal user, list all other organizations which are related to the principal user by virtue of such persons having more than a 50% interest in such organizations: Ralph, A. Shoberg The Layne Texas Company P.O.t.Box 9469 Nouston, Texas 77261 -e 5. (a) Attach the principal user's Form 10-R for each of the five preceding fiscal years, together with the principal user's most recent Form 10-Q. Not Applicable. (b) If the forms listed in paragraph 5(a) have not been filed with the Securities and Exchange Commission, furnish the following information: (i) a brief statement of the history and type of business engaged in by the principal user: New corporation. (ii) the names and ages of executive or managing officers and directors of the principal user and a brief account of all the business experience of each such officer or directory, including his principal occupations and employment and the name and principal business of the corporation or other organization in which such occupations and employment were carried on: Ralph A. Shoberg, 46 years of age; J. T. Braun, 52 years of age; Anton N. Pfendt, 28 years of age; SEE ATTACHED RESUMES. t't;( rincipal listed by any published listings: None. uSEr,S 6(^1 . F,(curiticE are rated Or rating agency, give such ratings or (iv) the principal user's audited financial statement for each of the preceding five fiscal years; provided that this information need not be furnished if: (a) a guarantor's audited financial statement for each of the guarantor's preceding five fiscal years; or See attached letter from Allied Bank. (b) a governmental agency would be deemed to be a guarantor. t 6. If appropriate, as to each guarantor, furnish the same inform ion requested in paragraphs 1 through S above. 7. The location of the project is: 7802 Southeast Drive Lubbock County Lubbock, Texas S. Give a brief description of the project and its intended use. Indicate- the following: approximate square feet of manufacturing, office and warehouse space to be constructed; type of construction; nature of equipment to be purchased from bond proceeds; products to be produced: The project is a manufacturing plant to produce fiberglass pipe for the oil, chemical and mining industries. The equipment consists of winders, ovens, extracting, threading and testing equipment plus accessory support equipment. Manufacturing space required is approximately 54,000 square feet plus warehousing of raw and finished materials. 9. Estimate the number and types of jobs to be created as a result of the project and the estimated annual payroll of employees working at the project; and if there is any substantial probability that loss of existing jobs would occur if the project was not constructed, estimate the number and types of existing jobs which would be lost and the estimated annual payroll of employees holding such jobs. First year: Organization, construction, installation, foremen, technicians and management - 27 - $452,000 'y1 Second )-cr,r: IrF't 'IEIL-1( , eperEtionF, foremen, technicians, machine operators - 66 - $934,000 10. Project site (land) (a) Indicate approximate size (in acres or square feet) of project site: Twenty-eight (28) acres. (b) Are there buildings now on the project site? Yes. (c) Indicate the present use of the project site: Vacant. (d) Indicate present owner of project site: • Owens-Corning. e (e) Is the project site within the corporate limits of a city? Yes. 11. If the principal user now owns the project site, indicate: (a) date of purchase: (b) purchase price: (c) balance of existing mortgage: (d) holder of mortgage: 12. If the principal user is not now the owner of the project site, does the principal user have an option to purchase the site and any buildings on the site? If yes, indicate: (a) date option agreement signed with owner: (b) purchase price under option: (c) expiration date of option: 13. Has the principal user entered into a contract to purchase the site? If yes, indicate: (a) date signed: 1/23/84 (b) purchase price: $510,000.00 (c- j F t t I I C.r.F-nt. Qct E: /84 14. If the principal user is not the owner of project site, does the principal user now lease the site or any buildings on the site? No. 15. Is there a relationship legally or by virtue of common control or ownership between the principal user and the seller of the project? If yes, describe this relationship: No. 16. Describe any liens and encumbrances relating to the project site, together with evidence that all necessary interests in `real estate required for the construction, installation and operation of the pro.ject have been or can be acquired, that all necessary access roads, utilities and drainage facilities have been or can be proviped and that all approvals, permits, consents or authorizations of any governmental or public agency, authority or person .r*quired in connection with the construction, installation and operation of the project have been or can be obtained. No special or unusual permits are required. There are no liens against the buildings or site to prevent utilization. 17. Does the project involve acquisition of an existing building or other facilities? If yes, indicate number and size 'of such buildings and facilities: No. 16. Does the project consist of the construction of a new building or other facilities? If yes, indicate number and size of new buildings and facilities: No. 19. Does the project consist of additions and/or renovations to existing buildings or other facilities? If yes, indicate nature of expansion and/or renovation: Electrical and mechanical modification to allow utility services for manufacturing equipment roof repair. 20. If any space in the project is to be leased to third parties, indicate total square footage of the project, amount to be leased to each tenant, and proposed use by each tenant: None. . 21. Give the names of the architect, engineer and general contractor for the project: 1C tE }�1G �C1 1 SCE' VL✓CJ1iLt_I J0-D (v771l ?�E local companies). 22. (a) Give the approximate -date of commencement and completion of the project: Commencement - First quarter 1984 Completion - Second quarter 1986 (b) If the construction work on this project has begun complete the following: Not yet begun. Date Commenced: site clearance yes no X complete foundation. des no 2 complete footings des no _2 complete steel yes no _I complete masonry work des no X complete other (describe below) yes no 2 complete 23. List principal items or categories of equipment to be acquired as part of the project: Pipe manufacturing equipment: winders, ovens, extractors, threaders; Testing equipment: mandrels, die molds; Support equipment: resin mixing, hoists, conveyors, creels. 24. Has any of the above equipment been ordered or purchased? If yes, indicate: No. ITEM DATE ORDERED DELIVERY DATE PRICE 25. List the face amount of all tax-exempt financing previously arranged by or for the benefit of the principal user: None. 26. Give a detailed showing of the estimated cost of the project together with a list of the sources from which payment will be made, which shall show estimated items of cost as follows: 0 ) the requisition of all ),:r.c, richt-of-way, property rights, easements and interests acquired or to be acquired: Tone. (b) machinery and equipment: $4,000,000 (c) building costs: None. (d) financing charges, including fees and expenses of original purchaser, underwriter, financial advisor or placement agent, bond counsel, other legal counsel, bond delivery and printing expense, bond discount, the costs of preparing and processing the application to the Texas Economic Development Commission, and any other fees and expenses in connection with the financing of the project: t $w,b00.00 (e) interest prior to and during construction and for one year after completion of construction, if applicable: $942,000.00 estimated. (f) any reserve funds; _ (g) engineering, including among other costs the costs of estimates, plans, specifications and surveys: $200,000.00 estimated. (h) architectural fees: gone. (i). administrative expense of the Industrial Development Authority: $5,000.00 (j) any other enumerated expenses: Organization anti Installation costs: $743,000.00 (k) contingencies: 7/. V1EI-( anti of the abnvc e?;jE'nCiLU]E: Lt. t+1 ihC ;'PT,31C2nI J)Td0]" t0 the date of the inducement resolution? If yes, indicate particulars: No. 28. Have any of the above expenditures been incurred but not paid by the principal user? If yes, indicate particulars: No. 29. Are costs of working capital, inventory, moving expenses, work in process, or stock in trade included in the proposed uses of bond proceeds? No. 30. Will any Qf the funds to be borrowed through the Authority be used to repay or refinance an existing mortgage or outstanding loan? Noe (Complete questions 31 and 32 only if the proposed financing is an industrial development financing in excess of $1 million.) 31. List "capital expenditures" paid or incurred by the principal user or any other person with respect to this project: None. Past 3 years Next 3 years Land $ $ Buildings Equipment Engineering Architecture Research and Development Interest during construction Other (please explain) "Capital expenditures" means any expenditures which could, under any -election provided in the Income Tax Regulations, be treated as a capital expenditure rather than an ordinary expense for federal income tax purposes. Examples of areas requiring particular attention are: Research and development expenses with respect to a facility must be treated as capital expenditures with respect to it. This would include research and development with respect to equipment to bE usLL therE. RcELFnrcl: 8T1` 6cvf-3op,lcnt cxpciLSt£ E-311)Cable to the project to the project under the foregoing rule must be treated as capital expenditures even if paid by the customer. Costs of molds, etc. to be used at a facility are capital expenditures even if paid by the customer. Costs of equipment to be moved to a facility are capital expenditures even if the purchase and initial use of the equipment occurred outside the municipality. 32: List capital expenditures with respect to other facilities of the principal user or any related person, if the facilities are located in the same municipality. None. Past 3 years Land $ Buildings Equipment Engineering Architecture Research and Development Interest during construction Other (please explain) r Next 3 years F C EOX 337E. HOUEIOK, TEXAS 77001 (713) 221-6611 January 23, 1984 Hr. Grey Lewis Lurbock.Industrial Development Commission and the Lubbock Chamber of Commerce Dear Hr. Lewis: Allied Bank of Texas in Houston, Texas hereby expresses an interest to lend $6,500.000. in the form of an Industrial Revenue Bond (13 B") to Savage Fiberglass Pipe, Inc., ("Savage") as a part of Savage's application with the Lubbock Industrial Development Commission. The purpose of the IA would be for the construction of a fiberglass manufacturing facility and related machinery and equipment to be located in Lubbock; Texas. The IRB would be secured by a first lien an land: building, machinery, equipment and the personal guaranty of Ralph A. Shoberg. This letter Is not a commitment on the part of Allied, but a statement of our interest to act as lender in the proposed $6,500,ODD. IRB. This IRB proprosal, including all terms and conditions is subject to approval by Allied Bank of Texas' Senior Loan Committee and the accep- tance of all terms and conditions by Savage. Sincerely, ALLIED BA 4K OF TEXAS J� Edwin E. Smith Executive Vice President EES:cp _1 J. C1 Loop InCi1.stl-1E1 h66i 10n , LC) i- C y O LUL. Dcc): , Lubboc:k County, Texas and further described as f of ] BEGINNING at a . 3/4" rod found in the North line of a previously dedicated alley and the Northeast right-of-way line of the Slaton Highway and U.S. Highway 84, from whence the Southwest corner of said Section 11, Block S. bears S. 0*14' E. a distance of 10.0 feet and-.S. 8V46' W. a distance of 402.5 feet; THENCE N. 73047942" W., along the Northeast right-of-way line of said Slaton Highway a distance of 370.52 feet to the point of curvature of a curve to the right from whence a 3/4" iron pipe found at the intersection of tangents of said curve bears N. 73047'42" W. a distance of 11.11 feet; THENCE Northwesterly along said curve to the right having a radius of 15.0 feet, an interior angle of 73*03142", tangents of 11.11 feet, and an arc distance of 19.13 feet to the point of tangency --of said curve in the East right-of-way line' of Peach Avenue; r THENCE N. 0044' W. .along said East right-of-way line a distance of 1261.49 feet to a 3/40 iron pipe found at the point of curvature of a curve to the right; THENCE Northeasterly,•albng said right-of-way line and around said curve to the right, having a radius of 179.91 feet, interior angle of 48 0 25'30" , and an arc distance of 152.05 feet to a point of compound curvature of said curve, from" whence a found 3/4" iron pipe bears N. 47.041'30" E. a distance of 15.0 feet; THENCE Easterly, along a curve to the right, having a.radius of 15.0 feet, interior angle of 9DO0D', and an arc distance of 23.56 feet to the point of tangency of said curve, from whence said 3/4" iron pipe bears N. 42018630" W.'a distance of 15.0 feet; THENCE S. 42018.30" E., along the Southwest right-of-way line of Southeast Drive and Spur No. 331 a distance of 786.65 feet to a found bolt; THENCE S. 390461 E., along said Southwest right-of-way line a distance -of 968.27 feet to a found iron pipe; ,44 THENCE S. 32008*370 E., along said Southwest right of -way line a distance of 216.42 feet to a h" iron pipe set in the North line of a previously dedicated alley; THENCE S. 89"46 • Tij , along said North line a distance of 961.22 feet to the Point' of Beginning.. r 10+.14111110 NOTICE OF PUBLIC HEARING TO DETERMINE WHETHER THE CITY OF LUBBOCK, TEXAS, SHOULD APPROVE AN INDUSTRIAL PROJECT TO BE FUNDED WITH INDUSTRIAL DEVELOPMENT REVENUE BONDS FOR SAVAGE FIBERGLASS PIPE, INC. NOTICE is hereby given that the City Council of the City of Lubbock, Texas, will convene at the City Hall, Lubbock, Texas, at -9.30_ o'clock p.m. on the �4th day of May, 1984, to determine whether an industrial project should be approved by the City under the Development Corporation Act of 1979, as amended, and the rules and regulations promulgated by the Texas Economic Development Commission, and pursuant to Section 103 of the Internal Revenue Code of 1954, as amended. Savage Fiberglass Pipe, Inc., a corporation organized and existing under the laws of the State of Texas, with its principal place of business at 7802 Southeast Drive, Lubbock, Texas, has requested the City Council to approve a proposed industrial project consisting of the acquisition and installation of furniture, fixtures, equipment and related facilities to be used in the manufacture, distribution and storage of fiberglass pipe and related materials to be located in the City of Lubbock, Lubbock County, Texas. Said Project has been recommended for approval by the Lubbock Industrial Development Corporation, and is within the boundaries of the City of Lubbock, Texas. Savage Fiberglass Pipe, Inc. is requesting the issuance of Industrial Development Revenue Bonds in the amount of $6,500,000 to assist in funding said project. At the time and place herein established for the public hearing, all interested parties may present evidence and testimony on the question of whether the industrial project proposed by Savage Fiberglass Pipe, Inc. should be approved by the governing body of the City of Lubbock, Texas under the Development Corporation Act of 1979, as amended, and the rules and regulations promulgated by the Texas Economic Development Commission, and under Section 103 of the Internal Revenue Code of 1954, as amended, CITY OF LUBBOCK, TEXAS BY: CITY SECRETARY POSTED:. 5-9-84 EXHIBIT C 1 THE STATE OF TEXAS COUNTY OF ?BBO(' ' Before me > annie McKee a Notary Public in and for Lubbock County. Texas on this day personally appeared Twi I a Aufi I 1 9 Account Manageof the Southwestern Newspa- pers Corporation, publishers of the Lubbock Avalanche -Journal — Morning. Evening and Sundav, who being by me dull` sworn did depose and say that said newspaper has been published continuously for more than fifty-two weeks prior to the first insertion of this e—gaI Notice-326 wordt&0661 Per word-$215.16 No. 895284 at Lubbock County. Texas and the attached print- ed cops` of the No t i ee is a true copy of they original and was printed in the Lubbock Avalanche -.Journal on the following dales: MaY 9 & 169 1984 I*OTICE OF PUBLIC HEARING DETERMINE WHETHER. 4"t CITY OF LUBBOCK. -° Account Manager TEXAS, SHOULD APPROVE '�4 A INDUSTRIALPROJECT.,'! ROJECT DEDWITH, TOBEF' I11BBOCK AVALANCHE -JOURNAL #NDUSTRIALDEVELOPMENT - REVENUESONDSFOR Southwestern Newspapers Corporation AVAGE FIBERGLASSPIPE,1NC. s MICEn14 hereby Of Pti, i �t the T"faet, will con 0 11W it tWiN. LobbKt. TI*as. .*I '2•tlock Subscribed and sworn to before me this 16 day of May lg 84 p.tR on NIe 24th fty W Y 19u. " Getermine -1.1w tw .. �Oit;CtKtrNyrulect.ha,,aeea!-'. . tva one povernino bodv of"city of YbWtk, Tetras Vnder the Devow ment Corporafion Act of H79-as !mended, pod the risks end -repu- '. Lat�bns Wortwtgated by the 7stas EfrotgmltDevebpmenf Commis- . end ender Se[lron 103 e1 The M B-roded. Revenue Code of 19Ss. as ITTYa01; LUBBOCII TEXAS Y' CITY RETARY OPTED �:. a`~. AiRdILL NUMBER J• PLEASE COMPLETE ALL INFORMATION IN THE S BLOCKS OUTLINED I N Ev 9 ,. SEE BACK OF FORM SET FOR COMPLETE PREPARATION IN5TR�CTIONS / "� ;, .. YOUR FEDERAL EXPRESS ACCOUNT NUMBER DATE r ' •. 1 ?.: - Ki�l�rM^H t �(/y r'14'„~.-• • J1I{�ntl1f 1 ��� �������II �III� (I ��� , _Y l; 1 ..:: v .,` F,, 1... "_ �`'yr°-;�1111 1Ij U�I FROM (eY��our NarrrneA : {p ., F TO (Rf1Cipienfe N9—) c a N Held FVE PIDk Up SeNEOey Y, 1_, T NgDlpiente Phone Nuilbu CQMPANY 1 DEPARTMENT)FLOOR NO COMPANY - QEPARTMENT/FLOOR NO 6y�.f it , �t1ii A 'STREET ADDRESS j # . , :. ^ ;' a fi ; a' ! I ,. �T STREET ADDRESS (P.O. BOX NUMBERS ARE NOT DELIVERABLE) ; ,. :rc�t ha,3 C: ;CITY y STATE I CITY .!1 STATE �. Yw.:14 l.. I - ux rE v E REDUIREO P f0R CUWECT IMgN;ING , S ' r IN TENDERING THIS SHIPMENT,, SKIPPER AGREES THAT ZIP Am am 2W CODEEL VEW RED WR O,RRaRGN{ DELIVERY V _ ANBR.L NO. r t I I" RE G. SHALL NOT BE'UABL:E FOR SPECIAL; 1NCIDEN; TAL OR OµSEQUENTIAL-DAMAGES ARISING FROM I N YOUR NOTESOiEFERENC t�ll1" HM P#M 12 CHARACTERS WILL ALSO APPEAR ON INVOICE) a $ARRI NE F .C: SHALL WARRANTIES, EitPRESS �i OR IMPLIED: WITH FEDERAL EXPRESS USE -.�U :. -..:. I a , e;,. •. t_ "- Yil ! - ., A_--, .'N SPECT TO TH4�IS SHIPMENT. THIS IS TESGEOf1ARjE CtARlea:.:"_;, i ({IRBILL $UBJE TO CONDITIONS F 0 T O H- 7' I I PAYMENT ❑ BIII 1 ". IC ReepbnCs F.E C. ACct ' ❑ !el $rd PeAy F E C Adet' ❑':BII Cnd! Cerd a'` = ON REVERSE OF SHIPPER'S COPY. UN�ESS YOU DECLARE A NIGHER VALUE, THE LIABILITY OF FEDERAL EXPRESS 6OR• t" ^ 1 . a ,. { ..... ':. •::; °nr if t to y ,S -.PORATION IS LIMITED TOl100 00.'FEDERAL EXPRESS OOES 'DECLARED YACUE CHARGE . d Cab In Advice �: Axtaum N~Icredat Cud Numbx NOT CARRY:CARGO LIABILITY INSURANCE. ' SERVICES! T a DELIVERY AND SPECIAL HANDLING PACXAGES ,YpE1GHt Yal0 OIS A Q141, I , t ClIEd( 0!R Y ONE BOX CHECK SERVICES R=mEO PRIORITY + YERNIGHT LETT I' E HOLD FOR PIGK•UP AT FOLLOWING - ApYANCEORIGW 1 ❑(arERll�xr TnIL2.Dcsa S [] (Upa x OZ.) FEDERAL EXPRESS LOCATION SHOWN + - i� COURIER PAK TC� IN SERVICE GUIDE. RqECIPIENT PHONE NUMBER iS-REOUIREO + "JUN '`�' ADVA}ICEQESTNATION _ a' � I' 0% NIGHT ENVELOPS, . ')' �(Up m 2 USS I .�{:. $ w ' ,;. .. .. : Y Dt:LRIER N. I ::-RECE4 E I BOK r4, fi ❑ :b 3 aas a SATURDAY SERVILE REQUIRED • B ❑ Ew whir {Enn awy. pppr br ON1�21 e; TOTAL , jOLAL-T• a TOTAL a r „ - -.. SECRETA, t�lOtlE1RRGNT IUBE iCl IU►to 3 a �r t RESTRICTED �RTICIE. SERVICE IO-1 �M r ❑ sl.eaMa AR w lapq onM a . cNuw1 a I , �p f �y } ., JCIf 1q 5 V . �J 0.1�i { r s 5 ❑ iyulm IId.0 w.) -SHIPPE$TAND0.R0 R5000 t It $TW Fl l I rLw it > TOTALGiAR(yF`S ' otlELafRv 2xD eusmess DAY r«LDwINC %CVLR £ ^ ICE (98`: , `D •: a'-ONCAI.L�$mv F I= ..; :.: (Up to 70 LBS-) `_..13 . IS�µE{XT DAY YWW Qt11FA 6iFCWL SERVICE ... -. Fedef2l EtMress CpIp02etTd1 ERIpOIIeBN0. :' -, c t"pVERNIGHT' �pUSyI�N�ESS AY NAWtS RSAATURDAY DAYS B ❑ r F 4�it PART FRSM AUIS Y AVAILABLE IN CONTINENTAL U.S. ' SPECIAL HANDLING " 9 DATEITIME ° I * Fedmi Fxlleae Itee #2IM 730750 EEC-S-0750 0/D/NI 4' REVISION DATE 2183 S T PRIMED U.S.A: 4r4�eel ,r i a 7.I,;,la CHANGE ORDER NO, 2 City of Lubbock, Texas Water Treatment Plant Ammoniation System May 21, 1%84 To: West Texas Mechanical 5847 50th Street Lubbock, Texas 79414 General description of work incluede in original contract. Construction of improvements to the City of Lubbock Municipal Water Treatment Plant, including construction of one 40,000 gallon anhydrous ammonia storage tank, installation -of two 1,000 pound per day ammoniators, one loading tower, one metal panel sun shield, and related piping, valves, and appurtenances. Original Amount of Contract ...................... $ 135,800,00 Change Order No. 1 ..........................(ADDZ 180,00 Change Order No. 2... .... , ...... 9..(.ADD). 1,189.00 Adjusted Contract Amount .................... $ 137,169,00 Adjustment in Construction Time ............. None WHEREAS, it is desirable to make changes in the work to be constructed under this project: THIS AGREEMENT WITNESSETH: In consideration of the mutual advantage gained, the Owner and the Contractor agree to the changes indicated below, and further agree that the amount of the contract shall be adjusted by the amount shown above. 1. Installation of a 1/2.-inch, 250 PS1 pressure relief valve on the ammonia liquid line. 2. Installation of a 3/4-inch pressure regulator on the ammonia supply line. 3. Installation of two (2) pressure gages on the ammonia supply line, 4. Installation of a 2-inch globe valve on the ammonia liquid line. 5. Installation of a 1 1/2-inch globe valve on the ammonia vapor line. 6. Miscellaneous fittings, appurtenances, and painting. IN WITNESS THEREOF the Owner and t !nM ractor have hereto set their hands this the 1A day of , 1984, --r..----,..-....,—.--—.-----------.�..�...��r.��s,��e..-.«T.�.� CHANGE ORDER NO, 2 Page 1 of 2 V � y RECOMMENDED: PARKHILL, SMITH & COOPER, INC., Consulting Engineers Project By , Engineer 3 2 1984 APPROVED: WEST TEXAS MECHANICAL, Contractor B , President-0 5,122 1984 Calvin Worle APPROVED: ATTEST: CITY OF LUBBOCK, TEXAS, Owner By 6-6— , 1984 CHANGE ORDER NO. 2 Page 2 of 2 RESOLUT,J.ON 1652 - 4/12/84 •yj\Q, nr+u 'Zr,; FF'TA1'-TRt-=1S1F R INTERLOCAL COOPERATION AGREEMENT THE STATE OF TEXAS § § EMERGENCY MEDICAL SERVICES COUNTY OF LUBBOCK § THIS AGREEMENT is made and entered into this 12th day of April , 1984, by and between the City o Lubbock, a home rule municipal corporation of Lubbock County, Texas ("City"), and the Lubbock County Hospital District, a political subdivision of the State of Texas ("Hospital"). WHEREAS, the City of Lubbock as a home rule municipal corporation has certain privileges and duties placed upon it by the Laws and Constitution of the State of Texas, including, but not limited to, the protection of the health, safety and welfare of its citizens; and WHEREAS, the Lubbock County Hospital District, as a politi- cal subdivision of the State of Texas, created pursuant to Article IX, Section 9 of the Texas Constitution and pursuant to Vernon's Ann.Civ.St., art. 4494q, and House Bill No. 678, 60th Legislature --Regular Session, page 1095, Ch. 484, Session Laws, under and by virtue of which it is authorized to furnish hospital and medical care to the residents of Lubbock County, including those within the City of Lubbock pursuant to which the Hospital has established an Emergency Medical Services Division ("EMS"). WHEREAS, Hospital has established and is operating emergency medical stations in various locations within the City of Lubbock at the present time; and WHEREAS, there presently exists a need for skilled emergency medical services within the City of Lubbock at all times of the day to respond to requests by the City's Police and Fire Depart- ments for emergency medical assistance in connection with automobile accidents, fires and other types of emergency situa- tions with personal injuries reported to the City's Police and Fire Departments; and WHEREAS, the Hospital, through its EMS Division, has such skilled emergency medical services available within the City of Lubbock; and WHEREAS, Vernon's Ann.Civ.St., art. 4413(32c), provides for interlocal cooperation agreements between cities and political subdivisions of the State of Texas in order to promote efficiency and effectiveness in local government operations; and u WHEREAS, the City Council of the City of Lubbock and the Board of Managers of Lubbock County Hospital District deem it to be in the best interest of their respective citizens to enter into an interlocal cooperation agreement pertaining to emergency medical services; NOW, THEREFORE: W I T N E S S E T H: 1. PURPOSE. The purpose of this agreement is to obtain for the citizens of the City prompt emergency medical services which comply with the "Emergency Medical Services Act", Senate Bill No. 385, 68th Legislature --Regular Session, page 2987, Ch. 516, Session Laws, at all times upon request for such services being made by the City Police and Fire Departments and to provide the fullest possible utilization of equipment and manpower of the Hospital's EMS Division so as to enable both governmental entities to more efficiently and effectively carry out its governmental duties in the interest of the health, safety and welfare of their respective citizens. 2. TERM. This agreement shall be for a term of one year, beginning and ending ; and it shall be automatically extended for successive one-year periods unless either party shall at least thirty (30) days prior to the expiration of any one-year period, give notice of termina- tion to the other party; and upon such notice being given, the agreement shall terminate at the end of that current one-year period. Any payments made by either party hereunder shall be made from current revenues. 3. DUTIES OF HOSPITAL. The Hospital agrees to provide emergency medical services within the City of Lubbock at the request of the City Police and Fire Department at all times of day, which emergency medical services shall comply with all standards and rules promulgated under the "Emergency Medical Services Act" of the State of Texas now existing or hereinafter adopted and to maintain sufficient equipment and staffing to meet the requirements of this agreement at all times. 4. DUTIES OF CITY. The City agrees to the following: (a) To request the Hospital EMS Division to respond in all instances in which the City, its Police or Fire Department is notified that emergency medical units are needed at all times of the day or night. (b) Encourage periodic cross -training between the Fire Department, Police Department and the Hospital with regard to communications, radio, dispatch and emergency communications. (c) Maintain all communication systems in place and operating upon the date of execution of this agreement. - 2 - 5. MISCELLANEOUS PROVISIONS. (a) Nothing herein shall be construed as limiting the City from obtaining emergency medical assistance from other sources in the event that all available Hospital EMS Units are in use: City is informed by hospital that it has no EMS units available to meet City requests or in the event of dire emergency or public calamity. 6. ENTIRE AGREEMENT. It is agreed and understood by the parties hereto that this contract embodies the entire agreement of the parties hereto and this contract may not be enlarged, modified or altered except by written instrument signed and endorsed by the parties hereto. APPROVED this 12th day of ' Wr� ATTEST: ecretar ATTEST: Lubbock County Clerk APpro vek : Apri 1 , 1984. BOARD OF MANAGERS CITY OF L,,0BQCK: f COMMISSIONERS COURT APPROVAL odrick L.Shaw, Judge - 3 - r: RESOLUTION 1584 84 ♦�V A G R E E M E N T TRAFFIC SIGNAL INSTALLATION INTERSECTION OF U.S. 82 (BROWNFIELD HWY.) WITH F.M. 2255 (4TH STREET) IN LUBBOCK, LUBBOCK COUNTY STATE OF TEXAS COUNTY OF TRAVIS This AGREEMENT, dated this 23rd day of February , 19 84 , by and between the State of Texas, hereinafter called the "State," Party of the First Part; and the City of Lubbock, Lubbock County, Texas, acting by and through its duly No. 1584 authorized officers under an OVOIAMiLye/Resolution, passed the 23rd day of February , 19 84 , hereinafter called the "City," Party of the Second Part, is made to become effective when fully executed by both parties. W I T N E S S E T H WHEREAS, the City has authorized the installation of highway traffic signal(s) No. 1584 by 0K'AA i@/Resolution, passed on the 23rd day of February 19 84 , at the location(s) shown on EXHIBIT 1, attached hereto and made a part hereof: A G R E E M E N T NOW, THEREFORE, in consideration of the premises and of the mutual covenants and i agreements of the parties hereto to be by them respectively kept and performed, as hereinafter set forth, it is agreed as follows: 1. The State will furnish the necessary funds for the actual construction, and installation of said signal(s), and supervision of construction. 2. The City hereby consents to the construction of the highway traffic signal(s) shown on EXHIBIT 1 by the approval of the location and the manner of construction as shown on the plans, prepared by the City, and described in the specifications. 3. The City will operate and maintain the highway traffic signal(s) at City's expense upon completion and acceptance of the roadway construction by the State. 4. The City will pay all power costs for operating the signal(s). AGREEMENT (TRAFFIC SIGNAL - TYPE E-lA) MODIFIED 8-83 Dist. 5 5. The City will obtain written approval of the State Department of Highways and Public Transportation before making any changes in the design of operation and timing of the signal(s) or before removing any part of the installation(s). 6. The City will return any and all parts of said highway traffic signal installation(s) to the State should it (they) be removed by the City for any reason other than for installation on a State or Federal numbered highway route at a location approved by the State. 7. The City will be responsible for the police enforcement required for securing obedience to the highway traffic signal(s). 8. In the event the signal(s) installed in accordance with this Agreement become unnecessary or are removed for any reason this Agreement shall terminate. 9. Indemnification The City agrees to indemnify the State against any and all damages and claims for damages to adjoining, abutting or other property for which the State is or may be liable arising out of, incident to or in any way connected with the installation, the construction, the existence, the,use of such project and does hereby agree to indemnify the State against any and all court costs, attorneys' fees and all expenses in connection with suits for such damage and shall, if requested to do so in writing, assist or relieve the State from defending any such suits brought against it. Nothing in this agreement shall be construed to place any liability on the City for personal injury arising out of the construction of such project. Furthermore, it is not the intent of this agreement to impose upon the City the liability for injury to person or property arising out of the construction of the project by the State's contractor unless the State itself would be liable for such injury or damage. AGREEMENT (TRAFFIC SIGNAL - TYPE E-1A) MODIFIED 8-83 Dist. 5. 2-4 Nothing herein contained shall be construed to place upon the State any manner of liability for injury to or death of persons or for damage to or loss of property arising out of or in any manner connected with the use of the project, and the City will save the State harmless from any damages arising from said main- tenance and/or use of said project. It is further understood and agreed between the parties hereto that the improvement of the project by the State is for the sole purpose of providing the travelling public a more adequate travel facility snd shall never be the basis of any claim for State assumption, or participation in the payment, of any of the obligations of the City incurred in the improvement, past or present, of any street project. 10. The department will not incur any financial obligation to the City as a result of this agreement. AGREEMENT (TRRAFFIC SIGNAL - TYPE E-lA) 3-4 8-83 Dist.5 ' r IN TESTIMONY WHEREOF, the parties hereto have caused these presents to be executed in triplicate on the dates shown hereinbelow. Executed on behalf of the City, this 23rd day of February 19 84 ATTEST: By: cretar for City EVELYN GAFFGA APPROVED AS TO CONTENT: STATE OF TEXAS Certified as being executed for the purpose 4VU�Ky�t /11;?��� and effect of activating and/or carrying out the orders, established policies, or work programs heretofore approved and authorized Larry Hof, Tr f cd Transportation Director by the State Highway and Public•Transportation Commission: APPROVED: By: 4y of `y �, / 19 —'Chief ;ngineer of Safety and Maintenance Operations Executed and approved for the State Highway and Public Transportation Commission under Authority of Commission Minute 78501 and Administrative Order No. 29-81 RECOMMENDED FOR EXECUTION: District Enq' er AGREEMENT (TRAFFIC SIGNAL - TYPE E-lA) 4-4 2-82 f Y 2T�) /�� • ' -- . Q vwls,ttrsr'� f a f[irlr _ (tarr,tt s *� ¢ tn. MOST aE n wrr • � o. /01 oirTro » 1T _a ,T 1o" of Moposep ;TVWCT10N G. 3$0-1— 45 "1' 'Is TIT170.1 rowfI rr g ae = yl Yo I o G T tMr[lir z � ;INS K. >it MS IT tg _ st Nat * r 1111Lrr i IT. i 1 IT TAM �r 1 ST 10308 OPwE(C•t CSwita iml'(l1t1L L-- --+ Iek � SC 7� rl•[O w(KT4 (CMR IMP IT tT__—�_� �Nw i Tr 1 ww IT If St !6Te st O nCH 1 TM St i 1 OF trltl >K j f. .,F UPIMEM4M yy_j�._ .•N sT itlup�� t�i Tt» • a� "--�^"SY"— l=e IT W f Iry or • .(� m1• iT �n•' �Y two f t n. >Q�o MM2(J11111111i NHI • is —T � 2�1w }' 2 M ` itTM WILSON 7mw [Ilil T07wAL 2t wir :r 71TT "No Sr o• _._1L57r1 tSysr �' ra' )a5•"7T) OCK LI vV� CID. . �'1 Id- AT — TO It r � � DiTM ST C, T~ ' EXHIBIT 1 tit I Iy STATE OF TEXAS COUNTY OF LUBBOCK I, EVELYN GAFFGA , the duly appointed, qualified and acting city secretary of the City of Lubbock , Texas, hereby certify that the foregoing pages constitute a true and correct copy of an p�MO�M/resolution No' 1584 mFebruary passed by the City Council at a meeting held on Y 23, 1984 A.D.,xAa at 9:30 o'clock A. M. To certify which „witness my hand and seal of the City of Lubbock , Texas, this 23rd day of 1984 February . 2Z&Ax at Lubbock , Texas. C City Secretary of ,t City of Lubbock, Texas jss COMMISSION STATE DEPARTMENT OF HIGHWAYS ENGINEER -DIRECTOR ROBERT C. LANIER, CHAIRMAN AND PUBLIC TRANSPORTATION MARK G. GOODE ROBERT H. DEDMAN P . 0. Box 771 JOHN R. BUTLER, JR. Lubbock,. Texas 79408-0771 June 5, 1984 IN REPLY REFER TO FILE NO. Control 380-1-45, U.S. 82, (Brownfield Highway) Intersection with F.M. 2255, (4th Street) 123456 Lubbock, Lubbock County v� Mr. Larry J . Cunningham City Manager P. 0. Box 2000 Lubbock, Texas 79457 Dear Larry: Enclosed for your files and records is one fully executed copy of the Traffic Signal Installation Agreement for the intersection of U.S. 82, (Brownfield Highway.) with F.M. 2255, (4th Street) in Lubbock. If you should have any questions or if this office can be of further assistance to you, please advise. WCP:}ss Encl. Yours truly, Ben Alley District Engine `0' By: � W. C. Powell Supervising. Traffic Engineer District Five 1886 ,U%019XX 1986 • RESOLUTION 1687 - 5/10/84 &CP 7f>-_3 STATE OF TEXAS COUNTY OF LUBBOCK CONTRACT This. agreement, made and entered into this loth day of May A.O. _1,984; by and between the City of Lubbock, County of Lubbock,State o Texas, acting by and through Alan HenryMayor, thereunto authorized to do so, hereinafter referred to as OWNER, and Holland Gardens, Co. 4315 50th St. of the City of Lubbock County of Lubbock and State of Texas hereinafter termed CONTRACTOR. WITNESSETH: That for and in consideration of the payments and agreements hereinafter mentioned, to be made and performed by the OWNER and under the conditions expressed in the bond bearing even date herewith (if any) the CON- TRACTOR hereby agrees with OWNER to commence and complete the construction of certain improvements described as follows: Landscaping and irrigation for the Quirt Avenue medians at a cost of $16,427.40. and all extra work in connection therewith, under the terms as stated in the contract documents and at his (or their) own proper cost and expense to furnish all materials, supplies, machinery, equipment, tools, superintendence, labor, incurance and other accessories and services necessary to complete the said construction in accordance with the contract documents as defined in the General Condition of Agreement. The CONTRACTOR hereby agrees to commence work within ten days after the date written notice to do so shall have been given to him and to substantially complete same within the time specified in the contract documents. The OWNER agrees to pay the CONTRACTOR in current funds for the perfor- mance of the contract in accordance with the proposal submitted therefor, subject to additions and deductions, as provided in the contract documents and to make payment on account thereof as provided therein. IN I1"NEaS WHER0F, the parties to these presents have executed Chia con in six (6) counterparts, each of which shall be deemed an original, in the year and day first above mentioned. CITY OF LUBBOCK, T May ATTEST: City Seceecar—Treatgueero APPROVED AS TO CONTENT: APPROVED AS TO FORH: CONTRACTOR BY: TITLE: ATT£ST: Secretary.., COMPLETE ADDRESS: L61A bAeDekm DGV:da CERTIFICATE 6►Id A CERTIFICATE FOR RESOLUTION OF THE GOVERNING BODY OF THE CITY OF LUBBOCK, TEXAS, APPROVING A RESOLUTION CONCERNING ISSUANCE OF BONDS PASSED BY THE LUBBOCK INDUSTRIAL DEVELOPMENT CORPORATION; AND APPROVING A PROJECT UNDER THE DEVELOPMENT CORPORATION ACT OF 19799 AS AMENDED, AND THE RULES OR REGULATIONS ADOPTED BY THE TEXAS ECONOMIC DEVELOPMENT COMMISSION AND SECTION 103 OF THE INTERNAL REVENUE CODE OF 19549 AS AMENDED; AND MAKING FINDINGS IN CONNECTION THEREWITH. I, the undersigned City Secretary of the City of Lubbock, Texas (the "Unit"), do hereby certify as follows: 1. The City Council (the "Governing Body") of the Unit corivened in regular session at 9:30 a .m., central standard time, on May 24 1984, (the "Meeting' , at the designated meeting place, and the roll was called of the duly constituted members of the Governing Body, to wit: Alan Henry George Carpenter Joan Baker E. Jack Brown M.J. Aderton Maggie Trejo T.J. Patterson Mayor Mayor Pro Tem Councilwoman Councilman Councilman Councilwoman Councilman All of such persons were present, except the following absentees: None absent , thus constituting a quorum. Whereupon among other business, a written: RESOLUTION 1688 RESOLUTION OF THE GOVERNING BODY OF THE CITY OF LUBBOCK, TEXAS, APPRV- ING A RESOLUTION CONCERNING ISSUANCE OF BONDS PASSED BY THE LUBBOCK INDUSTRIAL DEVELOPMENT CORPORATION; AND APPROVING A PROJECT UNDER THE DEVELOPMENT CORPORATION ACT OF 1979, AS AMENDED, AND THE RULES OR REGULA- TIONS ADOPTED BY THE TEXAS ECONOMIC DEVELOPMENT COMMISSION AND SECTION 103 OF THE INTERNAL REVENUE CODE OF 1954, AS AMENDED; AND MAKING FINDINGS IN CONNECTION THEREWITH. (the "Resolution") was duly introduced for the consideration of the Governing Body and read in full. Thereupon, the Presiding Officer instruc- ted the Governing Body that, if any member has any legal or equitable interest in, or has received any money from, Savage Fiberglass Pipe, Inc. or any other business entity that would receive an economic benefit as a result of the Board of Directors' vote on the Resolution, or if any member knows of any of his or her relatives, by blood or marriage, who have an ownership interest in, or who have received money from such business entities, that member must (1) abstain from participating in the discussion eT . and in the vote on the Resolution and, (2) before such vote is taken, file an affidavit with the Secretary stating the nature of such ownership interest or such receipt of money. A copy of each such affidavit that was so filed is attached to these Minutes as an exhibit. It was moved and seconded that the Resolution be adopted; and, after due discussion, said motion, carrying with it the adoption of the Resolution, prevailed and carried. It was moved and seconded that the Resolution be adopted; and, after due discussion, said motion, carrying with it the adoption of the Resolution, prevailed and carried by the following votes: FOR: b AGAINST: 0 ABSTAINED: Carpenter 2. A true, full and correct copy of the Resolution is attached to and follows this Certificate; the Resolution has been duly recorded in the minutes of the Meeting; the above and foregoing paragraph is a true, full and correct excerpt from the minutes of the Meeting pertaining to the adoption of the Resolution; the persons named in the above and foregoing paragraph are duly elected, qualified, and acting members of the Governing Body; each of such members was duly and sufficiently notified officially and personally, in advance, of the time, place and purpose of the Meeting, and that the Resolution would be introduced and considered for adoption at the Meeting, and each of such members consented, in advance, to the holding of the Meeting for such purpose; and the Meeting was open to public, and the public notice of the time, place and purpose of the Meeting was given, all as required by Article 6252-17, Vernon's Texas Civil Statutes, as amended. SIGNED AND SEALED this 24th day of May , 1984. (CITY SEAL) Prepared by Development Solutions, Inc. CITY SECRETARY MM CERTIFICATE FOR RESOLUTION approving the Resolution of the Lubbock Industrial Development Corporation Providing For the Issuance of Lubbock Industrial Development Corporation Industrial Development Revenue Bonds (Savage Fiberglass Pipe, Inc. Project) Series 1984. I, the undersigned City Secretary of the City of Lubbock, Texas (the "Unit"), do hereby certify as follows: 1. The City Council (the "Governing Body") of the Unit convened in session at Lubbock, Texas on June --IA,— 984 (the "Meeting"), at the 7 /Z -0 designated meeting place, and the roll was called of the duly constituted members of the Governing Body, to wit: Alan Henry Mayor George Carpenter Mayor Pro Tem Joan Baker Councilwoman Jack Brown Councilman T. J. Patterson Councilman Bob Nash Councilman Maggie Trejo Councilwoman All of such persons were present, except the following absentees: , thus constituting a quorum. Whereupon among other business, a written: RESOLUTION approving the Resolution of the Lubbock Industrial Development Corporation Providing For the Issuance of Lubbock Industrial Development Corporation Industrial Development Revenue Bonds (Savage Fiberglass Pipe, Inc. Project) Series 1984 (the "Resolution") was duly introduced for the consideration of the Governing Body. Thereupon, the Presiding Officer instructed the , Governing Body that, if any member has any legal or equitable interest in, or has received any money from, Savage Fiberglass Pipe, Inc. or any other business entity that would receive an economic benefit as a result of the Governing Body's vote on the Resolution, or if any member knows of any of his or her relatives, by- blood or mhrriage, who have an _ ownership interest in, or who have received money from, such business entities, that member must (1) abstain from participating in the discussion and in the vote on the Resolution and, (2) before such vote is taken, file an affidavit with the City Secretary stating the nature A. of such ownership interest or such receipt of money. A copy of each such affidavit that was so filed is attached to these Minutes as an exhibit. It was moved and seconded that the Resolution be adopted; and, after due discussion, said motion, carrying with it the adoption of the Resolution, prevailed and carried. It was moved and seconded and, after due discussion, said motion, carrying with it the adoption of the Resolution, prevailed and carried by the following votes: AYES: NOES: ABSTAIN: 1 2. A true, full and correct copy of the Resolution is attached to and follows this Certificate; the Resolution has been duly recorded in the minutes of the Meeting; the above and foregoing paragraph is a true, full and correct excerpt from the minutes of the Meeting pertaining to the adoption of the Resolution; the persons named in the above and foregoing paragraph are duly elected, qualified, and acting members of the Governing Body; each of such members was duly and sufficiently notified officially and personally, in advance, of the time, place and purpose of the Meeting, and that the Resolution would be introduced and considered for adoption at the Meeting, and each of such members consent, in advance, to the holding of the Meeting for such purpose; and the Meeting was open to the public, and the public notice of the time, place, and purpose of the Meeting was given, all as required by Article 6252-17, Vernon's Texas Civil Statutes, as amended. SIGNED AND SEALED this day of , 1984. (SEAL) CITY SECRETARY, THE CITY OF LUBBOCK, TEXAS PAI