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HomeMy WebLinkAboutPR 19297: INTERLOCAL AGREEMENT WITH SABINE-NECHES NAVIGATION DISTRICT P.R. NO. 19297 02/02/16 ht RESOLUTION NO. A RESOLUTION AUTHORIZING THE CITY MANAGER TO ENTER INTO AN INTERLOCAL AGREEMENT BETWEEN THE CITY OF PORT ARTHUR, TEXAS, AND SABINE-NECHES NAVIGATION DISTRICT, RELATING TO THE CITY OF PORT ARTHUR' S DOWNTOWN TAX INCREMENT REINVESTMENT ZONE NO. 1 WHEREAS, per Ordinance No. 12-75 , the City Council, acting under the provisions of Chapter 311, Texas Tax Code, including Section 311 . 005 (a) , designated as a reinvestment zone, and created and designated a reinvestment zone over the area described in Exhibit "A" to promote the redevelopment of the area and named for identification as "Tax Increment Reinvestment Zone No. 1" (TIRZ No. 1 (Downtown TIF) , which also may be referred to as the Downtown Tax Increment Reinvestment Zone; and, WHEREAS, per Ordinance No. 13-10, the City Council adopted the final Project and Reinvestment Zone Financing Plan which was previously adopted by the Downtown Reinvestment Board No. 1 on February 7, 2013 ; and, WHEREAS, on April 14 , 2015, the Sabine-Neches Navigation District approved the Interlocal Agreement with the City of Port Arthur, Texas, relating to Downtown Tax Increment Reinvestment Zone No. 1, attached hereto as Exhibit "B" ; and, WHEREAS, pursuant to Ordinance 15-55, the City of Port Arthur reduced the boundaries of TIRZ No. 1 (Downtown TIF) to remove a portion (2 . 204 acres) of property as designated in Exhibit "C" from s.pr.19297 the Tax Increment Reinvestment Zone that is owned by Lamar State College- Port Arthur. NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PORT ARTHUR: Section 1 . That the facts and opinions in the preamble are true and correct . Section 2 . That the City Manager is herein authorized to enter into an Interlocal Agreement between the City of Port Arthur, Texas, and Sabine-Neches Navigation District relating to the City of Port Arthur' s Downtown Tax Increment Reinvestment Zone No. 1 (TIRZ No. 1 (Downtown TIF) ) , in substantially the same form as attached hereto as Exhibit "B" . Section 3 . That a copy of the caption of this Resolution shall be spread upon the Minutes of the City Council . READ, ADOPTED, AND APPROVED, this day of , 2016 AD, at a Regular Meeting of the City Council of the City of Port Arthur, Texas by the following vote: AYES : Mayor: Councilmembers : ; NOES : . Deloris Prince, Mayor s.pr.19297 ATTEST: Sherri Bellard, City Secretary APPROVED AS TO FORM: \i‘j (2) Valeciaize o City Attorne APPROVED FOR ADMINISTRATION: Brian McDougal, City Manager s.pr.19297 EXHIBIT "A" s.pr.19297 • Downtown Reinvestment Map Boundaries , "'�--L -` ?..� ��-•'4` ,��"`- d ^� i> yam` !�'� y c ✓< '4 `;% 1 cfr' l„� • .M INTERLOCAL AGREEMENT BETWEEN THE CITY OF PORT ARTHUR, TEXAS AND SABINE-NECHES NAVIGATION DISTRICT RELATING TO CITY OF PORT ARTHUR, TEXAS DOWNTOWN TAX INCREMENT REINVESTMENT ZONE NO. 1 THE STATE OF TEXAS § COUNTY OF JEFFERSON § INTERLOCAL AGREEMENT BETWEEN SABINE-NECHES NAVIGATION DISTRICT AND THE CITY OF PORT ARTHUR RELATED TO PORT ARTHUR TEXAS TAX INCREMENT REINVESTMENT ZONE NO. 1 THIS INTERLOCAL AGREEMENT ("Agreement") is made by and between the CITY OF PORT ARTHUR, TEXAS (the "City"), a home rule municipality of the State of Texas, acting by and through its governing body,the City Council, and SABINE-NECHES NAVIGATION DISTRICT ("Navigation District"), acting by and through its governing body, Board of Commissioners. This Agreement is made pursuant to Chapter 791 of the Texas Government Code and Chapter 311 of the Texas Tax Code for the participation of the City and Navigation District in REINVESTMENT ZONE NUMBER ONE, CITY OF PORT ARTHUR, TEXAS (the "Reinvestment Zone"), a reinvestment zone to be created by the City pursuant to Chapter 311 of the Texas Tax Code. RECITALS: The City, on November 9, 2012, designated the Reinvestment Zone in the area more particularly described in the attached Exhibit A and on the map attached hereto as Exhibit B. The Reinvestment Zone consists of approximately 372 acres of land. The general purpose of the Reinvestment Zone is to promote the redevelopment of the property in the Reinvestment Zone and in surrounding areas in the City and Navigation District pursuant to the tax increment finance provisions of Section 311.005(a)(1), (2) and (4) of the Texas Tax Code. The specific purpose of the Reinvestment Zone is to provide a financing mechanism to pay for a portion of the costs associated with certain water, wastewater, roads/drainage and reclaimed water improvements within the Reinvestment Zone as set forth in Exhibit C (the Project"). The purposes of the Project are to improve economic development and to enhance the quality of living conditions within the City of Port Arthur. The financial plan for the Project is for the Developer to provide construction for the Project and for the City, with assistance from Navigation District as provided in this Agreement, to reimburse the Developer for a portion of the Project Costs from tax increment revenues derived from increases in property values resulting from new development in the Reinvestment Zone. The City and Navigation District wish to provide in this Agreement for Navigation District to make payments to the City of a portion of Navigation District's tax increment revenues derived from increases in property values resulting from new development in the Reinvestment Zone, which payments are to be used by the City to reimburse the Developer for a portion of the Project Costs under the terms and conditions described in this Agreement. AGREEMENT: In consideration of the mutual covenants and agreements contained herein, as well as other good and valuable consideration,the receipt and sufficiency of which is hereby • acknowledged, the City and Navigation District agree as follows: SECTION 1. Definitions. In this Agreement: A. Captured appraised value for a year means the total appraised value of all real property taxable by the City or Navigation District and located in the Reinvestment Zone for that year, less the respective tax increment base of the City or Navigation District. B. Developer will be the apartment owners, commercial business, industrial development organizations, economic development organizations and related organizations who commit to spending a minimum of FIFTY THOUSAND ($50,000.00) DOLLARS for economic development improvements within the Project Zone. C. Project means, initially,the Project as set forth in Exhibit C. The public improvements constituting the Project may be revised or supplemented by amendments to the Project Plan that are adopted by the Board of Directors of the Reinvestment Zone and approved by the City Council of the City from time to time. D. Project Plan means the Project Plan and Reinvestment Zone financing plan for the Reinvestment Zone adopted by the Board of Directors of the Reinvestment Zone and approved by the City Council of the City, and amendments to these plans that are adopted by the Board of Directors of the Reinvestment Zone and approved by the City Council of the City from time to time. By entering this Agreement,Navigation District is not obligating itself to directly fund or construct or repair any infrastructure within the Zone and all such expenses will be borne by the Board. E. Tax increment for a year means the amount of property taxes levied and collected by the City or Navigation District for that year on the captured appraised value of real property taxable by the City or Navigation District and located in the Reinvestment Zone. F. Tax increment base means the total appraised value of all real property taxable by the City or Navigation District and located in the Reinvestment Zone for the year 2012 according to the certified Jefferson County Tax Roll. G. Tax Increment Fund means the tax increment fund created by the City for the Reinvestment Zone. H. Terms other than those defined above shall have 1)their meanings as given in Chapter 311, Texas Tax Code, or 2) if not so defined,their usual and ordinary meanings. I. References to state statutes shall include amendments to those statutes that are duly enacted from time to time. SECTION 2. Obligations of Navigation District. A. Payments to the City. Navigation District agrees to make payments to the City during the term of this Agreement, for deposit in the Tax Increment Fund, in the amount of 20% of the tax increment attributed to the captured appraised value of Navigation District in the Reinvestment Zone. Navigation District's obligation to make these payments will accrue only as taxes on the captured appraised value are collected by Navigation District. Payments shall be due on May 1 of each year during the term of this Agreement. No interest or penalty will be charged to Navigation District for any payments made by Navigation District based on collections that occur after this due date; however,Navigation District will pay to the City, for deposit in the Tax Increment Fund, 20% of any penalty or interest received by Navigation District on any delinquent taxes on the captured appraised value of Navigation District. Navigation District may offset against future payments to the Tax Increment Fund any portion of payments to the City under this Agreement that Navigation District subsequently refunds to taxpayers pursuant to the provisions of the Texas Tax Code. B. Limitations on Payments. Navigation District is not obligated to make payments under this Agreement 1) unless and until taxes on the captured appraised value are actually collected by Navigation District, or 2) from any source other than taxes actually collected on Navigation District's captured appraised value, or 3) from any Navigation District taxes or revenues other than taxes actually collected on the Navigation District's captured appraised value. Notwithstanding any provisions contained herein, this Agreement is expressly contingent upon the availability of funds for each obligation herein for the term of this Agreement and any extension thereto. In.the event that either no funds or insufficient funds are appropriated for the payments due under this Agreement for the period covered by such budget or appropriation,the contract shall terminate without penalty to Navigation District. C. Expansion of the Reinvestment Zone; Supplemental Projects. Navigation District's obligation to make payments under this Agreement is limited to Navigation District's captured appraised value on property in the Reinvestment Zone as described in this Agreement. Navigation District is not obligated to make payments based on the addition of property to the Reinvestment Zone unless Navigation District specifically agrees to do so by amendment to this Agreement. Navigation District's obligation to make payments under this Agreement is also limited to use by the City for partial reimbursement of the Project Costs, as described herein. Navigation District is not obligated to make payments towards the costs of any other improvements unless Navigation District specifically agrees to do so by amendment to this Agreement. Any member of the Commissioners of Navigation District may review and provide comments to the Board of Directors of the Reinvestment Zone or the City Council of the City on any proposed expansion of the Reinvestment Zone or amendment to the Project Plan prior to its approval by the City Council. D. Navigation District's Appointment to Board of Directors of the Reinvestment Zone. Pursuant to the provisions of Section 311.009(a), Texas Tax Code,the Commissioners 4 Navigation District shall have the unequivocal right during the term of this Agreement to appoint and remove, at its sole discretion, a qualified person to serve as a voting member of the Board of Directors of the Reinvestment Zone. Failure of the Board of Commissioners of Navigation District to appoint a person to the Board of Directors of the Reinvestment Zone shall not be deemed a waiver of Navigation District's right to make an appointment at a later date. The Board of Commissioners of Navigation District will make best faith efforts to appoint a qualified person to serve on the Board of Directors, and to fill vacancies in this position as needed. SECTION 3. Obligations of the City. A. Initial Project Plan. The City agrees that the Project, as described herein will comprise the Project in the initial Project Plan to be adopted by the Board of Directors of the Reinvestment Zone and approved by the City Council of the City. The City agrees that the Reinvestment Zone financing plan in the initial Project Plan to be adopted by the Board of Directors of the Reinvestment Zone and approved by the City Council of the City shall provide for use of Navigation District's payments under this Agreement solely to reimburse the Developer for a portion of the Project Costs. B. Use of Navigation District Payments. The City agrees to use payments made by Navigation District under this Agreement solely to reimburse the Developer for Project Costs. C. Notice to Navigation District of Amendments to Project Plan. The City agrees to provide Navigation District with written notice of any proposed amendments to the Project Plan at least 14 days prior to their submission to the City Council for approval. The City agrees to work with the Reinvestment Zone Board of Directors to implement the Project Plan. D. Disposition of Tax Increments. Upon termination of the Reinvestment Zone, and after all obligations of the Reinvestment Zone have been paid, the City agrees to pay to Navigation District, within 60 days of the termination, all monies remaining in the Tax Increment Fund that represent Navigation District's pro rata amount of participation authorized under this Agreement. E. Annual Reports. The City agrees to provide to Navigation District an annual report regarding the Reinvestment Zone as required under Texas Tax Code Section 311.016. F. Audits—Redevelopment Authority. In the event the City creates a redevelopment authority in connection with the Reinvestment Zone, the City shall provide to Navigation District a copy of each of the audits required by the agreement between the City, the Reinvestment Zone and any such redevelopment authority within 30 days of receipt of each audit. SECTION 4. Term and Termination. A. Agreement Term. This Agreement will take effect only upon designation of the Reinvestment Zone by ordinance of the City and will be in effect for the earlier of 1)thirty(30) years from the date of the designation of the Reinvestment Zone or 2)the date the Developer is reimbursed the Project Costs, unless earlier terminated by the parties hereto. Nothing in this Agreement limits the authority of Navigation District or City to extend the term of this Agreement. Upon termination of this Agreement,the obligation of Navigation District to make payments to the City shall end; however, any refund obligations of the City shall survive the termination. B. Early Termination of Reinvestment Zone. The City may terminate the Reinvestment Zone pursuant to the provisions of Section 311.017 of the Texas Tax Code or at any time there is a breach by the other party. The party desiring to terminate this Agreement may do so upon giving thirty(30) days' written notice to the other party. C. Interpretation. The parties acknowledge and confirm that this Agreement has been entered into pursuant to the authority granted under the Interlocal Cooperation Act, Chapter 791 of the Texas Government Code. All terms and provisions hereof are to be construed and interpreted consistently with that Act. D. Invalid Provisions. Any clause, sentence, paragraph or article of this Agreement which is determined by a court of competent jurisdiction to be invalid, illegal, or unenforceable in any respect shall not be deemed to impair, invalidate, or nullify the remainder of this Agreement if the Agreement can be given effect without the invalid portion. E. Applicable Laws. This Agreement shall be construed in accordance with the laws of the State of Texas. All obligations hereunder are performable in Jefferson County, Texas, and venue for any action arising hereunder shall be in Jefferson County, Texas. F. Authorization; Funding. Each party hereto acknowledges and represents that this Agreement has been duly authorized by its respective governing body, and that funding from each party for the performance of this Agreement will be provided from current revenues available to the parties. G. Notices. Notices required by this Agreement will be provided by the parties to one another by certified mail, return receipt requested, or by confirmed facsimile transmission,to the following address/fax numbers: CITY: SABINE-NECHES NAVIGATION DISTRICT: City Manager, City of Port Arthur Board of Commissioners P. O. Box 1089 P. O. Box 778 Port Arthur TX 77641 Nederland TX 77627 H. Non-Waiver. Failure of any party hereto to insist on the strict performance of any of the agreements herein or to exercise any rights or remedies accruing hereunder upon default or failure of performance shall not be considered a waiver of the right to insist on, and to enforce by any appropriate remedy, strict compliance with any other obligation hereunder or to exercise any right or remedy occurring as a result of any future default or failure of performance. -r I. Successors. This Agreement shall bind and benefit the parties and their legal successors. This Agreement does not create any personal liability on the part of any officer or agent of the City or the Reinvestment Zone or any officer, agent or employee of Navigation District. J. No Waiver of Immunity. No party hereto waives or relinquishes any immunity or defense on behalf of itself, its officers, employees, and agents as a result of its execution of this Agreement and performance of the covenants contained herein. K. Third Party Beneficiary. The parties agree that Developer and its successors and assigns shall have the right to enforce as a third party beneficiary Section 2.A. against Navigation District for any breach of its contractual obligations thereunder, as well as Section 5.B. and this Section 5.K. IN WITNESS HEREOF, the City and Navigation District have made and executed this Agreement in multiple copies, each of which is an original. 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