05-05-12-Resolution-Tax Abatement Agreement with Denton Terminal LLC-05/07/2012RESOLUTION R# 05-OS-12
A RESOLUTION OF THE CITY OF SANGER, TEXAS, APPROVING THE
TERMS AND CONDITIONS OF A TAX ABATEMENT AGREEMENT BY AND
BETWEEN THE CITY OF SANGER, TEXAS, AND DENTON TERMINAL L. L. C.;
AUTHORIZING ITS EXECUTION BY THE MAYOR; AND PROVIDING AN
EFFECTIVE DATE.
WHEREAS, the City Council has been presented a proposed Tax Abatement Agreement by
and between the City of Sanger, Texas, and Denton Terminal L. L. C., a copy of which is attached
hereto and incorporated herein by references and
WHEREAS, upon full review and consideration of the Agreement, and all matters related
thereto, the City Council is of the opinion and finds that the terms and conditions thereof should be
approved, and that the Mayor should be authorized to execute the Agreement on behalf of the City
A Sanger, Texas;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF SANGER, TEXAS, THAT:
SECTION 1. The Agreement attached hereto having been reviewed by the City Council of
the City of Sanger, Texas, and found to be acceptable and in the best interest of the City and its
citizens, be, and the same is hereby, in all things approved, and the Mayor is hereby authorized to
execute the Agreement on behalf of the City of Sanger, Texas.
SECTION 2. The Council finds that the improvements proposed to be built upon the
Premises described in the Agreement will enhance the economic vitality of the community
through a combination of new capital investment, increased sales tax revenues, and the creation
of additional job opportunities.
SECTION 3. The tax abatement to be granted by the Agreement will not include
inventory, and supplies.
SECTION 4. The improvements proposed for the Premises will accomplish the tax
abatement guidelines of the City of Sanger, Texas.
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SECTION 5. The City Manager delivered to the presiding officer of the governing body
of each taxing unit in which the. property subject to the Agreement is located, a written notice
that the City of Sanger, Texas, intends to enter into the Agreement. The notice given by the City
Manager included a copy of a approved by this Resolution.
SECTION 6. This Resolution and the Tax Abatement Agreement are hereby approved
by the affirmative vote of the majority of the members of the City Council of the City of Sanger,
Texas, at a regularly scheduled meeting of the City Council.
SECTION 7. This Resolution shall become effective immediately from and after its
passage.
DULY RESOLVED AND ADOPTED by the City Council of the City of Sanger, Texas,
on this the C day of 2012.
CITY OF BANGER, TEXAS
BY:
U
,,�►►t►'s"rrrr��rr,,,, THOMAS MUIR, MAYOR
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ATTEST:
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°0j°°rrunu+►►D°<�° BY:
TAMI TABER, CITY SECRETARY
OVED AS TO FORM:
CITY ATTORNEY
(RLD:04-18-12:TM 55074)
Exhibit "A"
(copy of Tax Abatement Agreement
to be attached)
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Being 82.72 acres of land out of the Reuben Bebee Headright
League and Labor Survey, Patented to Reuben Bebee January 3rd,
1873, Patent No. 168, Certificate No. 3/43 situated in Denton
County, Texas being parts of Tract Number 1 and Trace Number
2 as partitioned by the District Court of Denton County, Texas
by judgment dated October 25,1922 and recorded in Volume X,
page 228, of the Minutes of said Court being a partition of
939 acres of -land belonging to the estate of Proctor H.
Ruling, deceased,
Originally surveyed by W.T. Jagoe in 19229 resurveyed by C.F. Ballard,
Licensed State Surveyor October 21, 1931 and resurveyed by W.J.
Parker, County Surveyor of Denton County, Texas November 3,1943,
described in tract as follows:
BEGINNING at a point in the center of. said Highway No. 40 at
the Northwest corner of said Tract Number 1;
THENCE East 2052 feet to the west right of way line of the Santa Fe
Railway;
THENCE South 4 degrees 41 minutes East along said West right of way
line at 851.2 feet pass the south line of sais tract 1 and North line of
Tract 2, 11702.4 feet in all to as point in the south line of said Tract 2;
TEHNCE West 2200.E feet to the southwest corner of Tract 2 and
Northwest corner of Tract 3 to a point in the center of said Highway No.
4;
THENCE North 0 degrees 16 minutes East 847.2 feet ass the Northwest
corner of Tract and the Southwest corner of Tract 1, 842.2 feet, more,
16994.7 feet in all to the place of beginning, containing 82.72 acres of
land, being.40.64 of said Tract 1 and 42.08 acres of said Tract 2 and
being all of Tract 1 and Tract 2 of said partition lying west of the Santa
Fe Railway;
Less However, that strip of land conveyed to the State of Texas by deed
dated Apri16,1948 and recorded in volume 348, page 199 of the Deed
Records of Denton County, Texas
Page 1
Being 39.98 acres of land out of the Reuben Bebee Headright
League and Labor Survey, Patented to Reuben Bebee January 3rd,
1873, Patent No. 168, Certificate No. 3/43 situated in Denton
County, Texas being parts of Tract Number 1 and Trace Number
2 as partitioned by the District Court of Denton County, Texas
by judgment dated October 25, 1922 and recorded in Volume X,
page 228, of the Minutes of said Court being a partition of
939 acres of -land belonging to the estate of Proctor H.
Ruling, deceased,
Originally surveyed by W.T. Jagoe in 1922, resurveyed by C.F. Ballard,
Licensed State Surveyor October 21,1931 and resurveyed by W.J.
Parker, County Surveyor of Denton County, Texas November 3, 1943,
described in tract as follows:
BEGINNING at a point at the Santa Fe Railway on the Northeast
corner of said Tract Number 1;
THENCE West 1,230 feet;
THENCE South along the creek boundary 1,255 feet;
TEHNCE East 1,625 feet to the Santa Fe Railway;
THENCE North along the Santa Fe Railway Railway 1,185 feet, 5,295
feet in all to the place of beginning, containing 39.98 acres of land of
said Tract 1