HomeMy WebLinkAboutResolution - 2015-R0361 - Order Public Hearing - Proposed Reinvestment Zone - 10/22/2015No. 2015-RO361
No. 7.6
22, 2015
RESOLUTION
WHEREAS, the City Council of the City of Lubbock hereby declares its intent to
consider the designation of a Reinvestment Zone within the City of Lubbock, which
Reinvestment Zone is more fully described in the "Notice of Intent' attached hereto as
Exhibit A and made a part hereof for all purposes; and
WHEREAS, the City Council of the City of Lubbock is authorized to establish a
Reinvestment Zone by authority of Chapter 312 of the Tax Code; and
WHEREAS, the Tax Code requires a Notice of Intent to be sent to the governing
body of each tax unit that levies real property taxes on the property at 5801 Martin Luther
King Blvd, described as South Plains Industrial Tract A, City of Lubbock, Lubbock
County, Texas and further described in Exhibit A (except school districts, which may not
participate in Chapter 312 tax abatements) not less than seven (7) days before a hearing
on creation of a Reinvestment Zone; and
WHEREAS, the City Council of the City of Lubbock does hereby authorize a
public hearing to be conducted upon the establishment of said Reinvestment Zone be
conducted at 5:30 P. M. on November 5, 2015, in the City Council Chambers of the City
of Lubbock at 1625 13`h Street, Lubbock, Texas, after proper notice is given in
accordance with Chapter 312, Tax Code; NOW THEREFORE:
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LUBBOCK:
SECTION 1. THAT the City Council hereby orders that a public hearing be
conducted at 5:30 P. M. on November 5, 2015, at the City Council Chambers of the City
of Lubbock at 1625 13a' Street, Lubbock, Texas, pertaining to the proposal of the City
Council to establish a Reinvestment Zone as indicated on the Notice of Intent attached
hereto as Exhibit A.
SECTION 2. THAT the Notice of Intent attached hereto as Exhibit A be delivered
by the City Manager or his designee to the governing body of all taxing units levying real
property taxes on the property described in said Exhibit A not less than seven (7) days
prior to the date of the public hearing.
SECTION 3. THAT the City Manager, or his designee, cause publication of
notice of the public hearing on this proposed designation of a Reinvestment Zone not less
than seven days prior to the date of the hearing in a newspaper of general circulation in
the City of Lubbock.
Passed by the City Council on October 22, 2015 2015.
ATTEST:
Rebec -a Garza, City Secret
APPROVED AS TO CONTENT:
eAw
Cheryl Br k,
Executive Director of Budget
APPROVED AS TO FORM:
Linda L. Chamales,
Economic Development Attorney
Lc: city art/ Linda/Res-ReinvestmentZoneNotice of Intent United Supermarket
October 13.2015
Exhibit "A"
NOTICE OF INTENT
TO
DESIGNATE REINVESTMENT ZONE
WHEREAS, the City Council of the City of Lubbock hereby declares its intent to
consider the designation of a Reinvestment Zone within the City of Lubbock, which
Reinvestment Zone is more fully described in the property description described herein;
and
WHEREAS, the City Council of the City of Lubbock is authorized to establish a
Reinvestment Zone by authority of Chapter 312 of the Tax Code; and
WHEREAS, the Tax Code requires a Notice of Intent to be sent to the governing
body of each tax unit that levies real property taxes on the property described below and
depicted on the map labeled A-1 (except school districts) not less than seven (7) days
before a hearing on creation of a Reinvestment Zone; and
WHEREAS, the City Council of the City of Lubbock has hereby authorized a
public hearing to be conducted upon the establishment of said Reinvestment Zone be
conducted at 5:30 P. M. on November 5, 2015, in the City Council Chambers of the City
of Lubbock at 1625 13' Street, Lubbock, Texas.
The proposed boundaries of said Reinvestment Zone are as described in Exhibit
A-1 attached hereto and incorporated as if fully included in this document.
Notice is further given that the tentative plans for development and the estimate of
the general impact of the proposed zone on property tax revenue are as follows:
The real property in this location is owned by Safeway, Inc. It is currently
producing property tax revenue. United Supermarkets is planning to add 200,000 square
feet to the distribution center. Construction costs are expected to be $26 million, with an
additional capital outlay of $22.7 million for other personal property. The amount of
property tax revenue on this facility should increase with the addition to the building.
The location was formerly designated as an enterprise zone, but does not meet the
qualifying criteria for an enterprise zone after the 2010 Census. In order to be eligible for
tax abatement, this property needs to be designated as a Reinvestment Zone by the City.
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