Loading...
2009T02-380 Program ORDINANCE NO. 09-T-02 AN ORDINANCE BY THE CITY COUNCIL OF THE CITY OF SCHERTZ, TEXAS REPEALING ORDINANCE 06-T-44 AND THE CITY OF SCHERTZ 380 PROGRAM ESTABLISHED THEREIN; ADOPTING A NEW ECONOMIC DEVELOPMENT INCENTIVES POLICY; AND PROVIDING AN EFFECTIVE DATE. WHEREAS, Chapter 380, Texas Local Government Code, as amended, allows the governing body of a municipality to establish and provide for the administration of one or more programs to promote state and local economic development and to stimulate business and commercial activity in the municipality; and WHEREAS, on September 19, 2006, the City Council of the City of Schertz, Texas (the "City") adopted Ordinance 06-T-44, adopting the City of Schertz 380 Program (the "380 Program") for the purpose of promoting state and local economic development and stimulating business and commercial activity in the City; and WHEREAS, the City Council now desires to repeal the 380 Program and Ordinance 06- T -44 which adopted that Program; and WHEREAS, the City Council desires to adopt and implement a new Economic Development Incentives Policy for the City; NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF SCHERTZ, TEXAS: Section 1. The City Council hereby repeals Ordinance No. 06-T-44 and the 380 Program established therein Section 2. The City Council hereby adopts the City of Schertz Economic Development Incentives Policy attached hereto as Exhibit A. Section 3. The recitals contained in the preamble hereof are hereby found to be true, and such recitals are hereby made a part of this Ordinance for all purposes and are adopted as a part ofthe judgment and findings of the City Council. Section 4. All ordinances, resolutions, and codes, or parts thereof, which are in conflict or inconsistent with any provision of this Ordinance or the City of Schertz Economic Development Incentives Policy established herein are hereby repealed to the extent of such conflict, and the provisions of this Ordinance shall be and remain controlling as to the matters described herein; provided, however, the repeal of the 380 Program shall not affect any contract previously entered into, or action previously taken, in furtherance of the 380 Program. Section 5. This Ordinance shall be construed and enforced in accordance with the laws of the State of Texas and the United States of America. Ordn 09-T-02.doc -1- Section 6. If any provision of this Ordinance or the application thereof to any person or circumstance shall be held to be invalid, the remainder of this Ordinance and the application of such provision to other persons and circumstances shall nevertheless be valid, and the City hereby declares that this Ordinance would have been enacted without such invalid provision. Section 7. It is officially found, determined, and declared that the meeting at which this Ordinance is adopted was open to the public and public notice ofthe time, place, and subject matter of the public business to be considered at such meeting, including this Ordinance, was given, all as required by Chapter 551, as amended, Texas Government Code. Section 8. This Ordinance shall be in force and effect from and after its final passage and any publication required by law, and the City of Schertz Economic Development Incentives Policy authorized herein shall have an effective date on the date this Ordinance is adopted on second and final reading, and it is so ordained. PASSED ON FIRST READING, the 20th day of January, 2009. PASSED, APPROVED, AND ADOPTED ON SECO D READING the 2ih day of January, 2009. ATTEST: (Seal of City) Ordn 09-T-02.doc -2- EXHIBIT A City of Schertz Economic Development Incentives Policy Ordn 09- T-02.doc A-I CITY OF SCHERTZ ECONOMIC DEVELOPMENT INCENTIVES POLICY I. Purpose of Policy The City of Schertz (the "City") and the City of Schertz Economic Development Corporation ("SEDC"), pursuant to state law, are authorized to offer a variety of incentives to industries and commercial enterprises for the purpose of local economic development. The City is committed to the promotion and retention of high quality development and jobs in all areas of the City and to an ongoing improvement in the quality of life for its citizens. Insofar as new or expanded business enterprises fulfill these objectives, the City and the SEDC will, on a case-by-case basis, give consideration to a company requesting incentives as stimulation for economic development. The City will consider providing any type of economic development incentives not prohibited by state or federal law including, but not limited to, tax phase-ins, Freeport exemptions, revenue bonds, sales tax grants, cost participation in the construction of infrastructure and the waiver of certain development fees. All economic development incentives will be provided by contract with the applicant, and shall be subject to procedural and other requirements set forth in such contract as well as applicable federal, state and local laws. The purpose of this policy is to establish guidelines for making local incentives available for projects that promote the City's economic development objectives. Nothing herein shall imply or suggest that the City or the SEDC is under any obligation to provide any business incentive to any applicant. II. Premises I. The City should, in appropriate instances, offer incentives to stimulate certain types of new and existing business development. 2. The City's priority is to offer incentives to projects that will create new primary jobs (i.e. jobs that form the economic base of the community, created by enterprises that import new wealth into the local economy). What constitutes a "primary job" is described in greater detail below. 3. Our community believes that a new primary job created by an existing employer is as valuable as a new primary job created by a new company. Therefore, the City will consider appropriate incentives to qualifying existing businesses as well as those recruited from outside the City. 4. It is the policy of the City to provide economic development incentives on a case-by-case basis. This individualized design of a total incentive package is intended to allow maximum flexibility in addressing the unique aspects of each applicant and its proposed project while enabling the City to better respond to the changing demands and needs of the community. 5. If developers and/or companies seek financial assistance from the public sector in order to start up or expand their operations, they must be prepared to: 50152161.2 Page I ofl0 . Invest in the community through job creation and capital investment . Make a long-term commitment to the community . Treat local governments as they would any other contracting party . Expect consequences for breaching their agreement 6. Although nearly every economic development project has unique requirements, the City has an existing set of guidelines that can be explained to a prospect in advance. These guidelines may be modified over time as appropriate. In addition, the City has flexibility to accommodate different types of economic development opportunities or special situations. 7. The amount or level of local incentives offered to prospective developers and/or companies should ultimately be based on the projected increases in the value and size of the local workforce (both in number of jobs and the level of wages), real property, business machinery, personal property, and other forms of revenue that inure to the local taxing entities. 8. Incentives will only be used when they will make a difference in a project's likelihood of success and/or the City's competitive advantage in securing the project. Incentives may also be provided to a company when the City is convinced that the incentives are needed to retain existing primary jobs which would otherwise be lost. III. Scope The City is authorized to offer economic development incentives under various sections of the Texas Local Government Code (the "Code") including Chapter 380 and the Texas Development Corporation Act of 1979 (the "4B Act"). Chapter 380 provides that Texas municipalities may create programs to promote local economic development. This legislation permits, on a case by case basis, the City to evaluate and, where appropriate, to offer certain economic development incentives under the Code. Incentives may include loans and/or grants of public money, as well as other City services, to businesses and entities that the City determines will promote local economic development and stimulate business and commercial activity in the City in return for specific and verifiable commitments and results from such businesses or entities to cause specific infrastructure and other public benefits and amenities to be made and/or invested in the City. The 4B Act allows municipalities to create nonprofit development corporations, which are funded by a special sales tax. The SEDC is such a corporation. These corporations promote the creation of new and expanded industry and manufacturing activity within the municipality and its vicinity. The sales tax proceeds are distributed to the SEDC by the City, which then uses the money for economic development projects as outlined in Sections 2(11) and 4B(a) of the 4B Act. Any activities of a development corporation must always be in furtherance of and attributable to a "project." The SEDC is responsible for managing economic development projects in the City. Except in certain specific instances, SEDC projects must result in the "creation or retention of primary jobs." The term primary job means: 50152161.2 Page 2 of 10 1. A job that is available at a company for which a majority of the products or services of that company are ultimately exported to regional, statewide, national or international markets infusing new dollars into the local economy; and 2. Is included in one of nearly nine (9) North American Industry Classification System (NAICS) sector code. The enumerated sector numbers are: NAICS Sector Number Description 221 Utilities 331-339 Manufacturing 42 Wholesale Trade 48-49 Transportation and Warehousing 51 (excluding 512131 and 512132) Information( excluding movie theaters and drive-in theaters) 523-525 Securities, Commodity Contracts, and Other Financial Investments and Related Activities; Insurance Carriers and Related Activities; Funds, Trusts, and Other Financial Vehicles 5413,5415,5416,5417,5419 Scientific Research and Development Services 551 Management of Companies and Enterprises 56142 Telephone Call Centers Eligible Section 4B Projects The SEDC will consider spending sales tax proceeds on land, buildings, equipment, facilities, targeted infrastructure, and improvements that create or retain primary jobs and are found by the SEDC's board of directors to be required or suitable for the development, retention, or expansion of: . manufacturing and industrial facilities . research and development facilities . transportation facilities (including but not limited to airports, ports, mass commuting facilities and parking facilities) . distribution centers . sewage or solid waste disposal facilities . recycling facilities . air or water pollution control facilities . small warehouse facilities . primary job training facilities for use by institutions of higher education . regional or national corporate headquarters facilities; and . projects which promote or develop new or expanded business enterprises including projects that provide public safety facilities, streets and roads, drainage 50152161.2 Page 3 of 10 and related improvements, demolition of existing structures, or generally municipally owned improvements Additionally, the SEDC may fund the acquisition ofland, buildings, equipment, facilities, and improvements found by the board of directors to promote or develop new or expanded business enterprises that create or retain primary jobs, including projects that provide: . Public safety facilities . Streets and roads . Drainage and related improvements . Demolition of existing substandard or inefficient structures . General municipally-owned improvements The SEDC will consider any improvements or facilities that are related to any of those projects and any other projects that the board, in its discretion, determines promotes or develops new or expanded business enterprises and creates or retains primary jobs. Eligible Projects Which Are Not Required to Create or Retain Primary Jobs The SEDC will consider funding projects that do not create or retain primary jobs if the project is related to: . Job training classes- Certain job training required or suitable for the promotion or development and expansion of business enterprises; . Certain targeted infrastructure improvements which promote or develop new or expanded business enterprises; 0 Limited to streets and roads, rail spurs, water and sewer utilities and electric utilities, gas utilities, drainage, site improvements and related improvements, and telecommunications and internet improvements; . Land, buildings, equipment facilities, improvements and expenditures required or suitable for a career center, provided the area benefited is not located in the taxing jurisdiction of a junior college district; . Professional and amateur sports and athletic facilities; entertainment, tourist, convention facilities; public parks and related open space improvements; and related store, restaurant, concession, automobile parking facilities, roads, streets, and water and sewer facilities; . Affordable housing; . Water supply facility or water conservation program (this use must be approved by a majority of the City's voters in an election held for that purpose); . Development, improvement, expansion or maintenance of facilities relating to the operation of commuter rail, light rail or motor buses; and . Certain airport facilities 50152161.2 Page 4 of 10 IV. Eligibilitv and Evaluation Criteria for Development Incentives 1. Eligibility Criteria The following criteria must be met for an applicant to be considered eligible to contract for an economic development incentive: . The company must have a profitable operating history and be well-managed; . The proposed development and/or redevelopment must create and maintain jobs that are at or above the Alamo region average wage rate for the industry sector according to Labor Market and Career Information from the Texas Workforce Commission; . The project must conform to community character and economic development goals; and . The project must conform to the requirements of the City's zoning ordinance, building codes and other applicable City ordinances. 2. Evaluation Criteria In addition to the minimum requirements stated above, the following criteria will be considered to determine what level of incentives will be provided to the applicant. The City will consider various factors to determine the viability, extent and size of the development incentive. Eligibility for incentives will be considered on the basis of the initial eligibility criteria listed in part 1 of this Section IV. After such eligibility has been determined, the SEDC will evaluate the following factors to determine whether any public subsidy is warranted: A. Employment Impact . Wage levels of jobs to be created or retained, as well as benefits offered to full- time employees; and . Number of jobs brought to the City. B. Investment . Type and value of proposed private and/or public improvements; . Amount of any local taxes or revenues (sales, ad valorem, utilities) to be generated directly; and . The costs, if any, to be incurred by the City to provide facilities or services directly resulting from the improvements. C. Other Factors Considered . Likelihood of a development incentive being a determining factor in a business' decision to locate or expand its operations; . The financial capacity ofthe applicant to undertake, complete and sustain the proposed project; 50152161.2 Page 5 of 10 . Other incentive programs and matching grants relating to the project for which the applicant has applied or is qualified; and . Other, unanticipated factors deemed relevant by the board at its discretion; D. Community Impact . Appropriate type of activity (e.g. office, retail, etc.); . The positive or negative impact on the opportunities of existing businesses; . The impact on the opportunities of attracting additional business or residents to the community; . The market conditions and growth potential for the business activity. . The productive life of proposed improvements; . Whether high quality architecture and site design including landscaping and public amenities beyond the minimum required by the City will be provided; and . Whether the project is environmentally compatible with no appreciable negative impact on quality of life perceptions. v. Application Procedure After review of the application for the economic development incentive, the SEDC will make a recommendation to the City Council. The City Council will then determine whether it is in the best interests of the City to provide the economic development incentive to the applicant. The City Council may consider criteria other than those set forth in this policy, including but not limited to, such matters as the relative degree to which the project/applicant furthers the goals and objectives of the community or meets or compliments a special need identified by the City Council. Any person or company requesting that the City and/or the SEDC provide an economic development incentive shall comply with the following procedure: . The applicant shall submit a completed application form for the requested incentive on a form provided by the City and/or the SEDC. . The applicant shall provide a plat, map or survey showing the location of the property and the proposed project, all streets, land uses, and zoning within 500 feet ofthe project site. . The applicant shall describe in detail the proposed project and the type of economic development incentives requested. . The applicant shall provide all other documentation required in the Economic Development Incentives Application. . The application will be reviewed initially by the SEDC, which, if favorably approved, shall make a recommendation to the City Council, as described above, prior to the City Council's review of the proposed incentives, the application will be distributed to the applicable departments of the City for review and comment. Additional information related to the application and the project may be requested by the SEDC and/or the City. Failure to timely submit and additionally requested information will cause the application to be rejected 50152161.2 Page 6 of 10 and will be deemed withdrawn by the applicant without further action by the SEDC and/or the City. . The City Council will consider the SEDC recommendation and the requested incentive pursuant to this policy. . The City Council will call and conduct public hearings when required by law. . When appropriate under this policy, the City Council will, at a regular meeting and when allowed by law at a special meeting, consider the approval of an economic development incentive agreement. . Information submitted by the applicant regarding the requested incentive is confidential to the extent allowed by law. VI. Expiration and Modification This Economic Development Incentive Policy is effective upon the date of its adoption and will remain in force for two years, at which time, all project incentives provided pursuant to its provision will be reviewed by the SEDC board and City Council to determine whether the goals of the program have been achieved. Based upon that review, the Economic Development Incentive Policy may be modified, renewed or eliminated. Prior to the date for review, as defined above, the Economic Development Incentive Policy may be modified by a super- majority 4/5th vote ofthe City Council. 50152161.2 Page 7 of 10 Index of Available Economic Development Incentives Abatement of municipal ad valorem property taxes Sec. 312.204 of the Texas Tax Code The City and Comal, Guadalupe, and Bexar Counties may grant up to 100% abatement of property taxes on buildings, fixed machinery and other business property for up to ten years. Tax abatements do not apply to the value of land but to the value of improvements constructed as a result of a particular economic development project. Minimum qualifications for tax abatements are the creation of new primary jobs. Tax abatements are sometimes structured as tax phase-ins. Freeport property tax exemption Texas Constitution Art. VIII, S 1-j The freeport exemption exempts personal property consisting of inventory, goods or ores, other than oil, natural gas and petroleum. Eligible property must be transported out of the State of Texas within 175 days of acquisition but may first be assembled, stored, manufactured, processed or fabricated locally. The goods must be in Texas only for a limited purpose. Freeport property, by definition, includes goods, wares, merchandise, ores, and certain aircraft and aircraft parts as defined under Article VIII, Section l-j of the Texas Constitution. The City, Comal, Guadalupe, and Bexar Counties, as well as four local independent school districts in the city (Schertz/Cibolo/Universal City lSD, East Central lSD, Judson lSD, and Comal ISD) allow personal property tax exemptions for companies that deal with goods-in-transit or inventories used in the manufacturing process. The tax exemption applies to items classified as "freeport property." Municipal grants Chapter 380 ofthe Texas Local Government Code The City may provide loans and grants of City funds as well as City employees and equipment to promote economic development projects within the city. Owners of eligible projects involving significant investment may contract with the City to receive sales tax grants, franchise fee grants, water or sewer line extensions, building permit fee waivers and grants for capital recovery fees. Foreign Trade Zone The Tri-County Industrial Park in the City is one of ten General Purpose sites eligible for incentives arising from operating in a Foreign Trade Zone (FTZs). Businesses locating in FTZs can take advantage of the incentives offered including 1) relief from inverted tariffs; 2) duty exemption on re-exports; 3) duty elimination on waste, scrap, and yield loss; and 4) duty deferral until merchandise is imported from the FTZ into the FTZ. The purpose of an FTZ is the creation of jobs realized from the cost savings from delayed or forgiven tariffs. The City 50152161.2 Page 8 of 10 currently has an FTZ located at the Tri-County Industrial Park and will have potential for an FTZ in the new Enterprise Industrial Park. More information can be found at http://www.saftz.coml. Tax Increment Financing Chapter 311 of the Texas Tax Code The City may create a Tax Increment Reinvestment Zone where construction of public improvements using tax increment funds is likely to result in significant commercial investment. The cost of improvements within the Zone is repaid by the contribution of future tax revenues by each taxing unit that agrees to participate, but in all events excluding school districts that levy taxes on the affected properties. Once the City initiates tax increment financing, counties and school districts may also participate in the tax increment financing program. The costs of selected public improvements are paid by additional tax dollars generated by the growth of real property value in the designated area. Creation of Industrial District in ETJ and Agreement to not Annex Section 42.044 of the Texas Local Government Code To attract a business into an area, the City may choose to encourage the business to locate in the City's extraterritorial jurisdiction ("ETJ"). If the business locates in the City's ETJ, the City may enter into an agreement not to annex the business property for a set period of time (maximum of 15 years). The agreement may call for the business to pay the City an annual fee in lieu of taxes for the use of City facilities. The City may also provide certain contractual services (i.e. firefighting services) to the business during the non-annexation period. Community Infrastructure and Economic Development (CIED) Fund The City, in partnership with CPS Energy, offers a unique incentive to qualifying companies to help fund electric and other site-specific capital improvements from CPS' CIED Fund. Potential funding from the CIED Fund will vary based upon the level of positive impact the project has on the CPS energy system. Qualifying companies may be eligible for CIED fund grants to offset the cost of public improvements Municipal programs used to help finance business development projects. Industrial Development Bonds (Issued by the City for construction of leased facilities) Chapter 1509 of the Texas Government Code The City may issue industrial development bonds to finance the construction or purchase of a manufacturing facility for lease to a private entity. Bonds are payable from the project revenues unless approved by the voters to be payable from property taxes. 50152161.2 Page 9 of 10 Industrial Development Revenue Bonds (Issued by SEDC) Article 5190.6, Sec. 21 of the Texas Revised Civil Statutes The SEDC may issue bonds for economic development projects. Generally all debt services on the bonds is paid by the business under the terms of a lease, sale or loan agreement. This does not constitute a debt of obligation by the City or the SEDC. Public Improvement Districts Chapter 372 of the Texas Local Government Code A Public Improvement District ("PID") enables a commercial area to make improvements benefiting the area and spread the cost equally among all properties in the designated area. Property owners are assessed based on uniform benefit criteria. These assessments may be used to pay the debt service on bonds or they may be used to pay for services directly if no bonds are issued. PID funds may be used to purchase real property in connection with improvements. Improvements include a wide variety of enhancements such as water and wastewater, streets, drainage, parking, landscaping, etc. Municipal Management Districts Chapter 375 of the Texas Local Government Code Municipal Management Districts allow commercial property owners to enhance a defined business area by financing facilities, infrastructure and services beyond those already provided by the City. The improvements may be paid for by a combination of self imposed property taxes, special assessments and impact fees. A District is created to supplement not supplant the City services available to the area. Empowerment Zone The City has the ability to create Empowerment Zones within the City limits. The purpose of creating the Zone is to encourage investment in certain areas lacking adequate water and sewer lines and paved streets. Small Business Administration Loan Guaranty Program The City's Economic Development Department can direct businesses to lenders and special funds designed for small businesses. The SBA provides a guaranty on loans made by private lenders and Community Development Corporations (CDCs). 50152161.2 Page 10 of 10 City of Schertz Application for Development Incentives I. Statement The City of Schertz will consider providing economic development incentives in accordance with the procedures and criteria outlined in this Application and the City of Schertz Economic Development Incentives Policy (the "Policy"). Incentive agreements will be considered for both new facilities and expansions of existing facilities and for the expansion or modernization of existing facilities and structures. Nothing in this Application or the Policy shall imply or suggest that the City of Schertz is under any obligation to provide any business incentive to any applicant. Applications shall be filed with the City's Economic Development Department, which will provide copies to the City Manager, appropriate City Departments, and the City of Schertz Economic Development Corporation (the "SEDC") Board of Directors within ten working days. All applicants shall be considered on a case-by-case basis. II. Applicability The Policy establishes that all business incentive options, programs, and agreements shall be governed by applicable State statutes and adopted City policies relating to economic development. III. Elh?:ibility Criteria Any request for a business incentive shall first be reviewed by the SEDC Board. If the request is accepted by the Board, the Board will recommend approval to the City Council. Acceptance and approval by the SEDC Board shall be based upon an evaluation ofthe narrative responses provided in the Application for Business Development Incentives (attached herein) and all accompanying support documents. IV. Evaluation Criteria The following criteria will be considered in determining what level of incentives may be provided to the applicant: 1. Creation of permanent full time employment opportunities. The number and types of jobs to be created or retained (full time vs. part time) and to what extent benefits (health or otherwise) for all full time employees will be provided. 2. Total capital investment in the project including site improvement, building cost, business personal property and other equipment. 3. Expansion of the local tax base. 4. Location of the proposed facility or operation. 5. Whether an incentive is likely to influence the decision to locate the project in the City. 6. Whether type of activity is appropriate to the proposed area (e.g. office, retail, etc.) 7. The types and value of public improvements which will be made by the applicant. 8. Whether high quality architecture and site design including landscaping and public amenities beyond the minimum required by the City will be provided. 9. Whether the proposed structures will pursue Leadership in Energy and Environmental Design (LEED) certification. 10. To what extent City utilities will be used. 11. The types and cost of public improvements (e.g. streets, water, wastewater, drainage) and services (e.g. fire, police) which will be required ofthe City. 12. The market conditions and growth potential for the business activity. 13. The amount of time necessary to complete the project and create the jobs which are to be provided by the applicant. 50152167.2 Economic Development Incentives Policy & Application for Economic Development Incentives Page 1 of 12 14. The extent to which the proposed project carries out the goals and objectiveS of the City's Economic Development Strategic Plan. 15. An analysis ofthe costs ofthe incentives requested versus the benefits by the applicant's expansion or relocation. 16. Other incentive programs and matching grants relating to the project for which the applicant has applied or is qualified. 17. Other factors set forth in the Policy. 18. Any other factors the SEDC Board or the City Council finds helpful and relevant to accomplishing the city's economic development objectives. 19. Other, unanticipated factors deemed relevant by the Board in its discretion. 50152167.2 Economic Development Incentives Policy & Application for Economic Development Incentives Page 2 of 12 City of Schertz Application for Economic Development Incentives Please submit the original and three (3) copies of this application and all supporting documentation to the City of Schertz, Attention: Economic Development, 1400 Schertz Parkway, Schertz, TX. 78154, Phone: 210-619-1073, or fax: 210-619-1079 1. APPLICANT INFORMATION (Responsible Person): Application Date: / / Applicant Name: Title: Applicant Address: Physical Box Applicant City, State Zip Code: Applicant Area Code/Phone: Fax: Applicant Area Code/Cell: Email: Company Name (if different from Applicant): Company Address: Physical Box Company City, State, Zip Code: Company Area Code/Phone: Area Code/Fax: Company Web Page: Company NAICS Code: Email: Previous Co. Mailing Address: Physical P.O.B. Previous Co. City, State Zip Code: Business is a (please check one): (a.) 0 Corporation - 0 Texas or 0 Foreign; (b.) 0 Partnership; (c.) 0 Sole Proprietorship; (d.) 0 Other (Please Explain) . Date Company Established: Federal Taxpayer ID Number: Please List Business References: 1. Bank Name Address: Contact Name: Phone #: Email: 2. Accounting Firm Address: Contact Name: Phone #: Email: 3. Law Firm Address: Attorney Name: Phone #: Email: 4. Other Address: Contact Name: Phone #: Email: 50152167.2 Economic Development Incentives Policy & Application for Economic Development Incentives Page 3 of 12 2. PROPERTY OWNER INFORMATION: Current Property Owner's Name: Mailing Address: Physical Box Area CodelPhone: Area/Code Fax: Area Code/Cell: Email: Web Page: 3. CURRENT PROPERTY OWNER'S REPRESENTATIVE: Current Property Owner's Representative's Name: Mailing Address: Physical Box Area Code/Phone: Area/Code Fax: Area Code/Cell: Email: Web Page: 4. PROPERTY INFORMATION: DOwn D Leasing D Have a Contract to Purchase $ Property Location (including school district jurisdiction): Property Address: Property Legal Description / Total Acreage (Provide survey ifby metes and bounds): Most Current County Tax Appraisal District Assessed Valuation (Please attach copy of Statement) on real property and improvements: Real Property: Improvements 5. PROPOSED PROJECT DESCRIPTION: Please describe the following aspects of the project. Intended Use: (e.g. hotel, retail, industrial, manufacturing, medical, wholesale, call center, corporate office, . professional office, research/development, etc.) This project is: D Existing D Expanding D New D Relocating (from another state - ) D Relocating (from another Texas City/County )? Give location of current facilities: 50152167.2 Economic Development Incentives Policy & Application for Economic Development Incentives Page 4 of 12 PROJECT DESCRIPTION Will the occupancy be D Owner/Occupied or D Landlord/Tenant? Ifleasing, what is the length of the lease Is the project compatible with the City's Comprehensive Plan? Yes DNoD Will a zoning change be necessary to accommodate the project? Yes D NoD Is there adequate infrastructure available to the site? If not, please detail required improvements. 6. DEVELOPMENT CONCEPT: Please describe the development concept for the project. Building Type: (# of stories, architectural style, materials, etc.) Development Concept: (single building or campus setting, open space, surface or structured parking, acreage, vehicular access, etc.) General Description of business activities at the project site: 50152167.2 Economic Development Incentives Policy & Application for Economic Development Incentives Page 5 of 12 7. TIMING QUESTIONS: Please provide an estimation ofthe following timing questions. MonthlY ear 8. PROJECT DETAILS: Approximate Dates by Phase Phase I Phase II Phase III Ref. # ~. Date: Date: Date: .J , "".)I;....,l;i) 1<' .. TI;;;..'.,....... "".,'. ,;i<',..:<':"'. ...... >< a. Building in square feet s.f. s.f. b. Construction value $ $ $ c. Personal property value $ $ $ d. Total Improvement Value $ $ $ ..i}.....;.....' ....... ,. > . i... .<iV': "".'.;;'1;.:::,::/".""'" Direct Sales Tax Paid due e. to Company Purchases $ $ $ Annual product sales in f. Schertz subiect to sales tax $ $ $ .' ,."."fiDT '.. p"ill F~T 'i... r~'l ....''h+H? "'p-T g. Current # Employees Current # Employees h. RELOCATING Type Jobs of Current 1. Emolovees J. Payroll for Current Emps $ $ $ $ $ $ # of Emp w/annual salary k. of $34,609 or greater % of Employees residing in Guadalupe, Comal or 1. Bexar Counties % % % % % % Median Annual Salary m. Per Employee $ $ $ $ $ $ NEW EMPL()Y/EES .fi"TTi......../; F~T ........" F-T pDT F-T }T,:P~'T n. # of New Jobs to be Created Type New Jobs to be o. Created Payroll for New p. J obs/Emolovees $ $ $ $ $ $ # of New Emps w/annual q. salary of$34,609 or greater % of New Emps residing r. in City of Schertz % % % % % % Average Annual Salary s. Per New Employee $ $ $ $ $ $ TotalCurrent& New cc;: t. Annual J>aVfQIl $ $ $ $ $ $ 50152167.2 Economic Development Incentives Policy & Application for Economic Development Incentives Page 6 of 12 Reference: Provide any additional notes here regarding any of the items above 9. COMMUNITY IMPACTS Describe the pros & cons of how this project will affect existing businesses in the development area? What effect will the project have on the local housing market? What effect will the project have on the local school districts? Will the project create any environmental quality impacts on 0 Air 0 Water 0 Visual DOther? Will the project have a high demand for 0 Water, 0 Wastewater, 0 Electricity, or 0 Gas? Is the property currently properly zoned for your project? 0 Yes 0 No Will there be any 0 Rezoning and/or 0 Platting and/or 0 Re-platting? 50152167.2 Economic Development Incentives Policy & Application for Economic Development Incentives Page 7 of 12 10. INCENTIVE REQUEST: Please outline the incentive(s) you are requesting and the necessity of such incentive(s) for this project. Please summarize the overall economic impact this project will have on the City of Schertz. 11. PROJECT PARTNERS: Please list any other [mancial partners or investors involved in this project. Name: Title: Project Relationship Address: Physical Box City, State Zip Code: Area CodelPhone: Fax: Area Code/Cell: Email: Name: Title: Project Relationship Address: Physical Box City, State Zip Code: Area CodelPhone: Fax: Area Code/Cell: Email: 12. OTHER INFORMATION: Have you or any of your principals had any legal judgments against a current or prior business? D No D Yes (Explain) 50152167.2 Economic Development Incentives Policy & Application for Economic Development Incentives Page 8 of 12 Have you or any of your principals declared bankruptcy in the last 5 years? o No 0 Yes (Explain) 13. SUPPORTING INFORMATION: In addition to the information provided in this Application, please enclose the following documents as indicated below with your application. ReQuested Attached Item EXISTING BUSINESSES 0 0 Audited financial statements for the past 3 full fiscal years preceding this Application 0 0 Profit/Loss Statement 0 0 Cash Flow Statement 0 0 Annual Reports for the past 3 full fiscal years preceding this application 0 0 Business Plan 0 0 Market Analysis 0 0 Title Report 0 0 Most recent County Tax Appraisal District Assessed Valuation Statement (if purchasing the project property or already own the project property) 0 0 Tax Returns for the past 3 years 0 0 Drawings/specifications 0 0 Survey of property in metes and bounds 0 0 Other: 0 0 Other: PROPOSED NEW BUSINESS START -UP OR IMPROVEMENTS 0 0 Proposal Cover Letter 0 0 Business Plan 0 0 Market Analysis 0 0 Credit Report 0 0 Title Report 0 0 Pro Forma Income Statements 0 0 Most recent County Tax Appraisal District Assessed Valuation Statement 0 0 Personal income tax returns for the past 3 years (If this is a new business start-up, provide personal income tax returns) 0 0 Drawings/specifications and/or conceptual development layout 0 0 Survey of Property in metes and bounds 0 0 Other: 0 0 Other: 14. UNDOCUMENTED WORKER CERTIFICATION- Chapter 2264, Subchapter A, Texas Government Code requires that any public agency or economic development corporation shall require a business that submits an application to receive a public subsidy to include a statement certifying that the business does not and will not knowingly employ an undocumented worker. The Applicant/Company certifies that its operation within the City of Schertz does not and will not knowingly employ an undocumented worker, as defined in Chapter 2264, Subchapter A, Texas Government Code, as amended (the "Act"); 50152167.2 Economic Development Incentives Policy & Application for Economic Development Incentives Page 9 of 12 Pursuant to the Act, if the Applicant/Company is convicted of a violation under 8 U.S.C. Section 1324a(f), after receiving any public subsidy, the Applicant/Company shall promptly give the SEDC written notice of such violation and the Applicant/Company shall repay the amount of the payment with interest, at a rate of 6.75 % per annum not later than the 120lh day after the date the Applicant/Company notifies the SEDC of the violation. In reference to the SEDC Economic Development Incentives application for the Applicant/Company, my relationship to the Applicant in the foregoing application is . I am authorized to make this application on behalf of the Applicant. I hereby certifY that the information set forth in and enclosed with this application is true and correct. Company Name Signature Type or Print Name Title Date Before me on this day personally appeared known to me (or proved to me on the oath of or through (description of identity card or other document) to be the person whose name is subscribed to the foregoing instrument and acknowledged to me that he executed the same for the purposes and consideration therein expressed. Given under my hand and seal of office this _ day of ,20_ (SEAL) Notary Public in and for the State of Texas My Commission Expires: Type or Print Notary's Name: 50152167.2 Economic Development Incentives Policy & Application for Economic Development Incentives Page 10 of 12 CONFIDENTIALITY AGREEMENT THIS CONFIDENTIALITY AGREEMENT (this "Agreement") dated is between the City of Schertz, Texas (the "City") and (the "Company"). WHEREAS, the City and the Company have discussed certain economic development matters relating to proposed operations of the Company in the City (the "Project"); and WHEREAS, the City and the Company have agreed that maintaining the confidentiality of certain matters relating to the Project would be advantageous. 1. Confidentialitv. (a) Subject to sub-paragraphs (c) and (d) below, each party and its employees, representatives, attorneys, and other consultants (collectively, the "representatives") shall keep strictly confidential all information which the other party, its affiliates, or its representatives furnish to it in connection with the evaluation of the Project, whether furnished before or after the date of this Agreement, whether furnished orally or in writing or gathered by inspection, and regardless of whether specifically identified as "confidential", and all notes, analyses, compilations, studies, or other documents which contain or otherwise reflect such information (collectively, the "Confidential Information"); however, each party may disclose the Confidential Information to its representatives who (i) need to know such information for the purpose of evaluating the Project, (ii) have been informed of the confidential nature of the Confidential Information, and (iii) have agreed in writing to treat the Confidential Information confidentially, to use it only for the purpose described in sub-paragraph (b) below. The term "Confidential Information" shall not include information about a party which (i) becomes generally available to the public other than as a result of an improper disclosure by the other party, its affiliates, or its representatives, (ii) was available to the other party on a non-confidential basis prior to its disclosure hereunder, or (iii) was or becomes available to the other party on a non-confidential basis from a source other than a party to which it relates, provided that such source is not bound by a confidentiality agreement in which such party or its representatives and is otherwise not prohibited from transmitting the information to the recipient. (b) Each party and its representatives shall use the Confidential Information solely for the purpose of evaluating the Project and for no other purpose and shall not use the Confidential Information in any manner that is to the competitive disadvantage of or otherwise adverse or detrimental to the party furnishing such Confidential Information. (c) Except as more specifically set forth in sub-paragraph (d) below, if either party or its representatives are requested or required (by oral questions, written interrogatories, requests for information, or documents, subpoena, civil investigatory demand, or similar process) to disclose any of the Confidential Information, it shall provide the other party with immediate notice of such request or requirement so that the other party may seek an appropriate protective order or selectively waive compliance with the provisions of this Agreement. Further, if, in the absence of a protective order or the receipt of a waiver hereunder, either party or any of its representatives is nonetheless, in the opinion of its legal counsel, compelled to disclose any of the Confidential Information to any tribunal or agency, or else stand liable in contempt or suffer other censure or penalty, that party or representative may disclose such information to such tribunal or agency without liability hereunder unless such disclosure to such tribunal or agency was caused by or resulted from a previous disclosure by it or any of its representatives in breach of this Agreement. (d) Upon the receipt of a written request for any information or materials related to the Company or the Project, the City will notify the Company within 72 hours and provide the Company with a copy of the request. As a matter of policy, the City does not provide public records to any person except in response to written request. If the City is not otherwise seeking an Open Records Opinion by the Texas Attorney General in response to the request but reasonably believes that seeking such an Opinion is permissible under the Texas Public Information 50152167.2 Economic Development Incentives Policy & Application for Economic Development Incentives Page 11 of 12 Act, the City will also provide the Company with an estimate of the anticipated costs associated with making a request for an Open Records Opinion by the Texas Attorney General. If the Company pays the City the quoted sum within 48 hours of receiving the estimate, the City will seek a Texas Attorney General Opinion protecting the materials from disclosure on the basis that the information requested is excepted from disclosure pursuant to applicable Texas statute, rule, and or common law. During the pendency of such Opinion request, the City will not disclose the information as to which the Opinion is sought except pursuant to subparagraph (c). If the City Attorney concludes that there is no legal basis to pursue such an Open Records Opinion as of the date of the request and that the City must disclose the requested information, the City shall notify the Company ofthe request and will include a statement that the City Attorney has concluded that there is no legal basis to pursue a request for an Open Records Opinion and that the City must disclose the requested information and the grounds supporting such conclusion. 2. Governing Law. This Agreement shall be governed by, and construed in accordance with, the laws of the State of Texas. Wherever possible, each provision of this Agreement shall be interpreted in such manner as to be effective and valid under applicable law, and, if any provision hereof is found to be invalid or ineffective, such provision shall be invalid or ineffective only to the extent necessary, without invalidating the remainder of such provision or the remaining provisions of this Agreement. 3. Term. This Agreement shall continue in force and effect until terminated by either party upon thirty (30) days prior written notice to the other party to such effect. 4. Counterparts. This Agreement may be executed in counterparts, and both counterparts, together, shall be considered to be one document. CITY OF SCHERTZ, TEXAS By By: City Manager Title: 50152167.2 Economic Development Incentives Policy & Application for Economic Development Incentives Page 12 of 12 NEW BUSINESS APPLICATION SCORING Category Maximum Maximum Points Criteria to achieve Points in Category maximum points JOBS (40%) 400 100 One half (50%) ofFTEs with compensation 5-10% above regional average Average Salary 200 ISO 75% ofFTEs 11-20% above regional average 200 75% ofFTEs 21 +% above regional average Create jobs (within 24 months of start) 25 2-20 Number of jobs 100 50 21-40 75 41-70 100 71+ Provide FTEs medical, life & retirement 25 Employer pays 50% Benefits 100 75 Emplover pays 75% 100 Full Coverage; no cost to emplovee Total Points out of 400 INVESTMENT (30%) 300 Invest Dollars per FTE created/retained Bldg/Equip/Inv 125 Points awarded based on OOOs of dollars invested per FTE, up to 125 0 $0-$999 10 $1,000 - $4,000 generated Sales Tax 150 annually 25 $4,001-$9,999 50 $10,000-$24,999 75 $25,000-$49,999 100 $50,000-$74,999 125 $75,000-$99,999 150 $100,000+ Be located in one of the following areas of the Location 25 25 City: Downtown/FM 78 Town Center Total Points out of 300 NEW BUSINESS APPLICATION SCORING Category Maximum Maximum in Points Criteria to achieve Points Cate20rv maximum points SECTOR (20%) 200 . 62 (healthcare) . 71 (arts, entertainment & recreation) . 7221 (full-service restaurants) Citizen-oriented 100 . 485 (Transit & ground passenger transportation) Majority of company's products or services is classified under the following NAICS codes: Target Industry . 331-339 . 42 200 . 51 . 523-525 . 5413,5415,5416,5417, 5419 . 551 Total Points out of 200 If a project requires significant improvements to the public infrastructure, and it is determined the improvements will benefit the public beyond the INFRASTRUCTURE boundaries of the development, consideration will be (10%) 100 given to these types of infrastructure improvements: . Drainage . Water . Sewer . Roads (public) . Electrical 50 $100,000-$299,999 75 $300,000-$499,999 100 $500,000 + Total Points out of 100 LEED CERTIFICATION 50 additional points Total Points out of 1000 EXISTING BUSINESS APPLICATION SCORING Category Maximum Maximum Points Criteria to achieve Points in Category maximum points JOBS (40%) 400 100 All PTEs with compensation 90% of, or equal to, regional average Average Salary 200 150 50% ofPTEs paid 1-15% above regional average 200 75%+ ofPTEs paid 16% above regional average Create new jobs (within 24 months of project completion) Number of jobs 100 25 1-5 50 6-15 75 16-25 100 25+ Provide FTEs medical, life & retirement 25 Employer pays 50% Benefits 100 75 Employer pays 75% 100 Pull Coverage; no cost to employee Total Points out of 400 INVESTMENT (30%) 300 Invest Dollars per FTE Building & created/retained Business Personal Property Values 125 Points awarded based on (inventory, fixtures, OOOs of dollars invested per M&E) PTE, up to 125 points 10 $0-$500 generated annually 25 $501-$1,000 50 $1,001-$5,000 Sales Tax 150 75 $5,001-$10,000 100 $l 0,00 1-$25 ,000 125 $25,001-$50,000 150 $50,001+ Be located in one of the following areas of the 25 City: Downtown/FM 78 Location 25 Town Center EXISTING BUSINESS APPLICATION SCORING Category Maximum Maximum in Points Criteria to achieve Points Category maximum points SECTOR (20%) 200 . 62 (healthcare) . 71 (arts, entertainment & recreation) CERTAIN CATEGORIES ELIGIBLE FOR 4B Citizen-oriented 100 . 7221 (full-service restaurants) . 485 (Transit & ground passenger transportation) Majority of company's products or services is classified under the following NAICS codes: Target Industry . 331-339 . 51 200 . 523-525 . 5413,5415,5416,5417,5 419 . 551 Total Points out of 200 If a project requires significant improvements to the public infrastructure, and it is determined the improvements will benefit the public beyond the INFRASTRUCTURE boundaries of the development, consideration will be (10%) 100 given to these types of infrastructure improvements: . Drainage . Water . Sewer . Roads (public) . Electrical 50 Value of improvements $10,000-$29,999 75 $30,000-$49,999 100 $50,000 + Total Points out of 100 LEED CERTIFICATION 50 additional points Total Points for Application out of 1000