Item 4HItem 4H
Overview / Purpose
Sabre consolidating real estate assets
“Transferred Properties” (to Maguire) currently eligible for tax abatements, no longer eligible
“Retained Properties” still eligible for tax abatements
Agreement to clarify current status
Sabre Holdings Tax Abatement Clarification Agreement
Sabre consolidation of real estate assets
Move Westlake Solana employees to Southlake Headquarter buildings
Sold the “Transferred Properties” (Exhibit Two) to Maguire
Sabre Holdings Tax Abatement Clarification Agreement
Sabre Retained Properties
Sabre’s Retained Properties (1 and 2 on Exhibit One) comprise the majority of Premises A and B (Exhibit Two)
Retain eligibility for tax abatements
Sabre Holdings Tax Abatement Clarification Agreement
Clarification Agreement
CSL Leasing Inc. currently owns the Retained Properties and leases them to Sabre
This is an arrangement eligible for tax abatements
Basically no changes to tax abatement agreements with Sabre for Premises A and B
Sabre Holdings Tax Abatement Clarification Agreement
Exhibit One Tax Abatement Agreement “Premises”
Transferred Properties: 3-7
Retained Properties: 1-2
Exhibit Two Transferred and Retained Properties
Sabre Holdings Tax Abatement Clarification Agreement
Staff recommends approval of the agreement
Contact Director Last with any questions
(817) 748-8037