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Page 2 of 2 facility to Accor Lodging. This will be the North Amedcan headquarters for Accor, which is the parent company of Motel 6, Red Roof Inns, Novetel and several other hotel chains around the world. Total investment in land and building for this facility, to be built at 4001 International Parkway, is 23 million dollars. Billingsley has requested a tax rebate on real property tax of 50 percent for nine years. This request meets the City of Carrollton incentive policy guidelines. ARLINGTON JANUARY 9TH, 2003 INTRODUCTION The purpose of this report is to request that the City Council consider the tirst reading of an ordinance designating the site of a proposed new corporate headquarters and research and development facility for Siemens Dematic Postal Automation as Reinvestment Zone Number Twenty-Two. DISCUSSION The City Council is scheduled to hold a public hearing on January 7, 2003, to consider the designation of Reinvestment Zone Number Twenty-Two on approximately 14 acres of land at the northeast corner of Pennant Drive and Nolan Ryan Expressway. A metes and bounds description of the property (Exhibit A) and a map (Exhibit B) are attached to the ordinance. The property owner, Trammel Crow Company, is requesting tax abatement from the City on the real and personal property improvements to be made to the site. According to the application for tax abatement, the approximate 233,000 square foot development is estimated to be valued in excess of $35 million, and is projected to create at least 600 jobs at an average salary of $60,000 per year. Staff is currently negotiating an 80 percent tax abatement and a Chapter 380 agreement. The negotiated percentage conforms to the City's Policy Statement for Tax Abatement. WYLIE NOV. 21, 2002 Consider and act upon issues surrounding the creation of Reinvestment Zone No. 5 and the approval of a Tax Abatement Agreement between the City of Wylie and Home Depot, U.S.A., Inc RICHLAND HILLS JANUARY 14TH, 2003 CONSIDER CALLING A SPECIAL MEETING REGARDING ECONOMIC DEVELOPMENT PROPOSAL SUBMITTED BY THE BARCLAY GROUP - Consideration and discussion of calling a special meeting for 6:00 P. M., Tuesday, January 21,2003, to discuss in executive session proprietary economic development information submitted by Barclay Group/Texas Venture Capital, L. L. C., regarding a proposed grocery store development at Rule Snow Ddve and Grapevine Highway 02/10/2003