INFORMATION - Gov't IncentivesPage I of 2
Alice Pinalto
From: Larry W Schenk
Sent: Thursday, February 06, 2003 9:13 AM
To: Alice Pinaito; Lisa Wright; Linda Poole
Subject: FW:
From: Michael E Malone
Sent: Thursday, February 06, 2003 9:13:04 AM
To: Larry W Schenk
Cc: Alice Pinalto
Subject: FW:
Auto forwarded by a Rule
Michael E. Malone
City Manager
..... Original Hessage .....
From: Greg Sims [mailto:gsims@garlandtx.com]
Sent: Wednesday, February 05, 2003 1:55 PPi
To: 'm_malone@ci.paris.tx.us'
Subject:
Thought you might find this interesting. These are a few government incentive deals
posted on www.prospectsusa.com, under the hyperiink Govt. Incentive Deals on the
right side, there's a lot more. Good way to benchmark.
Thanks,
Greg Sims
Vice President
The GaHand Economic Development Partnership
Representing The City of Gadand, The Gadand Chamber of Commerce, & The Garland Independent School
District
914 S. Garland Avenue
Garland, Texas 75040
972-272-7551 Fax 972-276-9261
www.garlandtx.com gsims(~garlandtx.com
CARROLLTON
FEBRUARY 4TH, 2003
Billingsley Development is building a 132,000 square foot office building and will lease this
02/10/2003
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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