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0964 OFFICIAL RECORD ORDINANCE NO. 964 AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF SOUTHLAKE, TEXAS, ORDAINING THE CITY'S PARTICIPATION IN THE TEXAS ENTERPRISE ZONE PROGRAM PURSUANT TO THE TEXAS ENTERPRISE ZONE ACT, CHAPTER 2303, TEXAS GOVERNMENT CODE (ACT), PROVIDING TAX INCENTIVES, DESIGNATING A LIAISON FOR COMMUNICATION WITH INTERESTED PARTIES, AND NOMINATING SABRE INC. AT 3150 SABRE DRIVE AND TRAVELOCITY.COM LP AT 3120 SABRE DRIVE, BOTH IN SOUTHLAKE, TEXAS, TO THE OFFICE OF THE GOVERNOR ECONOMIC DEVELOPMENT & TOURISM (EDT) THROUGH THE ECONOMIC DEVELOPMENT BANK (BANK) AS ENTERPRISE PROJECTS (PROJECTS). WHEREAS, the City Council of the City of Southlake, Texas (City) desires to create the proper economic and social environment to induce the investment of private resources in productive business enterprises located in distressed areas of the City and to provide employment to residents of such areas; and WHEREAS, the Projects or activities are not located in an area designated as an enterprise zone; and WHEREAS, pursuant to Chapter 2303, Subchapter F of the Act, Sabre Inc. and Travelocity.com LP have applied to the City for designation as enterprise projects (Projects); and WHEREAS, the City finds that the Projects meet the criteria for tax relief and other incentives adopted by the City on the grounds that they will be located at the qualified business sites, will maintain economic vitality, activity and stability through the retention of jobs; and WHEREAS, a public hearing to consider this ordinance was held by the City Council on February 2, 2010; NOW, THEREFORE BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF SOUTHLAKE, TEXAS THAT: Section 1: The City nominates the following Projects for enterprise project status. a) Sabre Inc. b) Travelocity.com LP Section 2: The following local incentives, at the election of the governing body, are or will be made available to the nominated projects or activities of the qualified businesses: Southlake, Texas - Ordinance 964 - Approved February 2, 2010 - Page 1 a) The City may abate taxes on the increase in value of real property improvements and eligible personal property that locate in a designated enterprise zone. The level of abatement shall be based upon the extent to which the business receiving the abatement creates jobs for qualified employees, in accordance with the City Tax Abatement Policy, and with qualified employee being defined by the Act. b) The City may provide regulatory relief to businesses, including: 1) zoning changes or variances; 2) exemptions from unnecessary building code requirements, impact fees, or inspection fees; or 3) streamlined permitting. c) The City may provide enhanced municipal services to businesses, including: 1) improved police and fire protection; 2) institution of community crime prevention programs; or 3) special public transportation routes or reduced fares. d) The City may provide improvements in community facilities, including: 1) capital improvements in water and sewer facilities; 2) road repair; or 3) creation or improvement of parks. e) The City may provide business and industrial development services, including: 1) low-interest loans for business; 2) use of surplus school buildings or other underutilized publicly owned facilities as small business incubators; 3) provision of publicly owned land for development purposes, including residential, commercial, or industrial development; 4) creation of special one-stop permitting and problem resolution centers or ombudsmen; or 5) promotion and marketing services. f) The City may provide job training and employment services to businesses, including: 1) retraining programs; 2) literacy and employment skills programs; 3) vocational education; or 4) customized job training. Southlake, Texas - Ordinance 964 - Approved February 2, 2010 - Page 2 Section 3: The City of Southlake City Council directs and designates its Director of Economic Development as the City's liaison to communicate and negotiate with the EDT through the Bank regarding the enterprise Projects and to oversee zone activities and communications with qualified businesses and other entities in an enterprise zone or affected by an enterprise project. Section 4: The City finds that the Projects meet the criteria for designation as enterprise projects under Chapter 2303, Subchapter F of the Act on the following grounds: (a.) The Projects are each individually a "qualified business" under Section 2303.402 of the Act since each will be engaged in the active conduct of a trade or business at a qualified business site within the governing body's jurisdiction, located outside of an enterprise zone and at least thirty-five percent (35%) of the project related business' new employees will be residents of an enterprise zone or economically disadvantaged individuals; and (b.) There has been and will continue to be a high level of cooperation between public, private, and neighborhood entities in the area; and (c.) The designation of the Projects as enterprise projects will contribute significantly to the achievement of the plans of the City for development and revitalization of the area. Section 5: The enterprise Projects shall take effect on the date of designation of the enterprise projects by EDT and terminate on March 1, 2015. Section 6: This ordinance shall take effect from and after its passage as the law and charter in such case provides. PASSED AND APPROVED ON FIRST READING ON THE 19TH DAY OF JANUARY, 2010. C~,~ John Terrell, Ma r Attest: Lori Payne, Cit ecretary ~e v • ~~i~ •°®,eeeeacs°a .tG Southlake, Texas - Ordinance 964 - Approved February 2, 2010 - Page 3 PASSED AND APPROVED ON SECOND READING ON THE 2ND DAY OF FEBRUARY, 2010. C-1 n_0 John Terrell, M or Attest: Lori Payne, Citil, retary APPROVED AS TO FORM AND LEGALITY: City Attorney Southlake, Texas - Ordinance 964 - Approved February 2, 2010 - Page 4 INVOICE Star -Telegram 400 W. 7TH STREET FORT WORTH, TX 76102 (817) 390-7761 Federal Tax ID 26-2674582 Bill To: CITY OF SOUTHLAKE 1400 MAIN ST STE 440 SOUTHLAKE, TX 76092-7604 CITY OF Legal Notices C CITY SOUTHLAKE Notice is hereby given by the - City will be held on Peb- .Counul of the City of ruary 2, 2010, at 5:30 ,outhlakw, Texas, p.m. or immediately Sales . that a public hearing following the. Work Session, during the Regular City .Council meeting to be held in the City Council Mlsc Fee Chambers of Town Hall, 1400 Main Street, Southlake, Texas. Purpose of the public hearing is:. to consider the sec-, and reading- of the following. ordinance: ' ORDINANCE NO. 964 AN ORDINANCE OF THE CITY COUNCIL OF THE CITY- OF SOUTHLAKE, TEX- AS, ORDAINING THE CITY'S PARTICIPA- TION IN THE TEXAS ENTERPRISE ZONE PROGRAM PURSU- ANT TO THE TEXAS ENTERPRISE ZONE ACT, CHAPTER 2303, TEXAS GOVERN- MENT CODE (ACT), PROVIDING TAX INCENTIVES, DES- IGNATING A LIAI- SON FOR COMMU- NICATION WITH THE STATE OF TEXAS INTE AR- TI ES, EANDD NPOMII- Coun T NATING SABRE INC. of ty arrant AT 3150 SABRE DRIVE AND TRAVELOCITY.COM Before me, a Notary Pub LP AT 3120 SABRE DRIVEBOTH IN the Star -Telegram, publi: SOUTHLAKE, TEX- that the attached dippinE AS, TE FFE OF HE GOVERNOR (817) 390-7501 ECONOMIC & TOUR- ISM (EDT) THROUGH THE ECONOMIC DEVEL- OPMENT BANK (BANK) AS ENTER- SUBSCRIBED AND SW( PRISE (PROJECTSROJECTS City of Southlake Lori Payne City Secretary "._ _ (✓fir' I V E FEB 0 ^ 2010 I3580 1 Customer ID: CIT57 Invoice Number: 308429531 Invoice Date: Terms: Due Date: PO Number: Order Number: Sales Rep: Description: Publication Date: 66 66 LINE RE C E IV 1ED F E B 1 0 2010 Net Amount: OFFICE OF CITY SECKTARY W a; ' ��, .',HRISTY L. HOLLAND My Commission Expires a July31,2012 tv -Fvit VTV"V" It7TT"mm 1/18/2010 Net due in 21 days 1/31/2010 21000007-000 30842953 073 CITY OF SOUTHLA 1/18/2010 $0.81 $53.46 ($5.00) $5.00 $53.46 and State, this day personally appeared Deborah Baylor Norwood, Bid and Legal Coordinator for n, Inc. at Fort Worth, in Tarrant County, Texas; and who, after being duly swom, did depose and say published in the above named paper on the listed dates: BIDS & LEGAL DEPT. STAR TELEGRAM Thank You For Your Payment ------------------------------------------ Remit To: Star -Telegram Customer ID: CIT57 P.O. BOX 901051 Customer Name: CITY OF SOUTHLAKE FORT WORTH, TX 76101-2051 Invoice Number: 308429531 Invoice Amount: $53.46 PO Number: 21000007-000 Amount Enclosed: _$ INVOICE Star -Telegram 400 W. 7TH STREET FORT WORTH, TX 76102 (817)390-7761 Federal Tax ID 26-2674582 Bill To: CITY OF SOUTHLAKE 1400 MAIN ST STE 440 SOUTHLAKE, TX 76092-7604 CITY OF Sales Misc Fee ANGELA SHERMAN Customer ID: CIT57 Invoice Number: 308710311 )p�j yg R, C -:'TIED 5�fe �`rwr Invoice Date: 2/5/2010 Terms: Net due in 21 days MAR - 3 2010 Due Date: 2/28/2010 PO Number: 21000007-000 R' TRY Order Number: 30871031 Sales Rep: 073 Description: CITY OF SOUTHLA Publication Date: 2/5/2010 INANCE NO 13580 1 52 52 LINE INTERESTED 'PAR- I - TIES AND NOMI- NATING SABRE INC .^ AT. 3150 SABRE �. DRIVE AND TRAVELOCITY.COM Net Amount: ..cufalA �eA� '� U�pPY lfrr7 CHRISTY L. HOLLAND - My Commission Expires I '�a�,tar c P July 31, 2012 rv�yrv�vvv+rvyc Wrrrrnvrvvo'ry $0.81 $42.12 ($5.00) $5.00 $42.12 THE STA p(215E PROJECTS ���� CountOt (PROJECTS). Y PASSED AND AP- PROVED THIS THE 5th DAY OF FEB- Before mi RUARY, 20RIE DUR- id for said County and State, this day personally appeared Deborah Baylor Norwood, Bid and Legal Coordinator for ING THE REGULAR the Star-1 CITY COUNCIL the Star -Telegram, Inc. at Fort Worth, in Tarrant County, Texas; and who, after being duly sworn, did depose and say that the a MAYOR: John Terrell advertisement was published in the above named paper on the listed dates: BIDS & LEGAL DEPT. STAR TELEGRAM 390 ATTEST* T: Lori Payne, (City,ecreta 817ry SUBSCRIBED AND SWORN TO BEFORE ME, Ti Thank You For Your Payment --------------------------------------------- Remit To: Star -Telegram Customer ID: CIT57 P.O. BOX 901051 Customer Name: CITY OF SOUTHLAKE FORT WORTH, TX 76101-2051 Invoice Number: 308710311 Invoice Amount: $42.12 PO Number: 21000007-000 Amount Enclosed: $