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HomeMy WebLinkAbout99-TE-13Pi DATE: December 13, 1999 TO: Historic Landmark Commission FROM: Stephen C. Richardson, Planning Manager SUBJECT: Request for approval of a partial tax exemption for 232-275 Crockett Street and 373-375 Pearl FILE: 99-TE-13 The Planning Manager recommends approval of this request. Crockett Street Development, Ltd. has requested a partial historical tax exemption for 232- 275 Crockett Street and 373-375 Pearl Street. These properties are included in the National Register Beaumont Commercial Historic District and have been identified in the 1977 SPARE surveys as contributing structures to the Downtown District. Crockett Street Development, Ltd. has agreed to pay the City of Beaumont taxes based on an assessed value on the buildings of $1,800,000. Any taxes due to the City of Beaumont above the $1,800,000 assessed value will be abated. The historical tax exemption is for a ten-year period. In the event the buildings are assessed at less than $1,800,000, Crockett Street Development, Ltd. will guarantee the City of Beaumont a payment for taxes in the amount of $50,000. The Crockett Street Development, Ltd. is renovating these five buildings for use as an "entertainment center" consisting of various entertainment venues. The properties are currently appraised at $184,760. The buildings will be rehabilitated in accordance with the Secretary of the Interior's Standards for Rehabilitation. More than $5.7 million will be spent to renovate the buildings. The City of Beaumont is planning to borrow between $1,000,00041,200,000 from local banks to finance public works improvements in the downtown area, of which $650,000 will complement the Crockett Street Project. A tax payment based on an assessed value of $1,800,000 or a payment of $50,000 from the Crockett Street Development along with current funds will provide for the repayment of the loan. Exhibits are attached. 4 J ; 1 r ckett Street Urban Entertainment District 490 Park Street #200 Beaumont, TX 77701 (409) 838-8610 Fax (409) 838-8611 APPLICATION FOR HISTORIC TAX EXEMPTION Submitted By: CROCKETT STREET DEVELOPMENT, LTD. September 20, 1999 APPLICATION FOR HISTORIC TAX EXEWTIUN.&. 4 ti A. LEGAL DESCRIPTION: Tract I: Being a 0.645 acre tract of land out of and a part of Lot 98,99,100 and 101 of Block 16 of the Original Townsite of Beaumont as recorded in Volume 448, Page 249 of the Deed Records of Jefferson County, Texas. Said 0.645 acre tract being situated in the Noah Tevis Survey, Abstract No. 52, Jefferson County, Texas. Tract II: Being a 1.727 acre tract of land out of and a part of Lots 85 through 96 of Block 15 of the Original Townsite of Beaumont as recorded in Volume 448, Page 249 of the Deed Records of Jefferson County, Texas. Said 1.727 acre tract being situated in the Noah Tevis Survey, Abstract No. 52, Jefferson County, Texas. APPLICATION FOR HISTORIC TAX IRMAPTIOH.d" 9�1 B. PROOF OF TITLE Please see attached copies of the,Title Policies. AppLICATIONFOR HISTORIC TAXEXBMnM d- ' y oLIGY N0. �134059-0 FILE NO. 981126 OLiL bAT£: Xuly 07. 1998 8:00 O'CLOCK am MOUNT; $86,000.00 REMIUM: 4899.00 • NAME- OF INSURED: TOM F.LANAGAN, TRUSTEE WE INSURE YOUR INTEREST IN THE LAND COVERED 8Y Tlus 'POLICY'IS: Fao Simple LEGAL DESCRIPTION OF LAND: Lot Ni.imtaer Ninety—nine (9y) ill Block Number, Sixteen (16) of the original. Townt3ite of - Bea!Jmant, to the City of. Beaumont, Jefferson CuGir�ty, Texas, accordi.rti9' to -the map or plat of said. addition of record in V01LIme 448, page. 249 of the Deed Recorde of jOfferson County, Texae;. . OQ 0 o JEFFERSON COUNTY TY•rLE COMPANY ' a AML PAGC••3 . �F ISO..981176 S .0 H E D- U L F B EXCEP-1•I0N5 , EXPENSES RESULTING FROM: Jf_ DO 1�07 COVER t.09S, Cows. A1'�fORNEYS FEES AND CXPEN _ . 1. THE FOLLOWING RESTRICT:I'VE COVENANTS Of: RECORD ITEMIZED BELOW (WE MUST EITHER INSEnT SPECIFIC RECORDING DATA OR DELETE THIS EXCEPTION): YHiS EXCEPTION i5 HEREBY 'OELETEO ?.. ANY DISCREPANCIES, . CONFLiGI"3, OR SHORTAGES IN AREA OR BOUNDARY LINES. OR ANY ENCROACHMENTS oR PROTRUSIONS, OR ANY OVERLAPPING OF impRovEME•NTA. 3. HOMESTEAD OR -COMMUNITY PROPERTY OR SURVIVORSHIP RIGHTS, IF ANY, -OF ANY SPOUSt OF ANY INSURED, 4. ANY TITLES OR RIGHTS A55ERTED'BY'ANYONE, INCLUDING, BUT NOT LIMITED TO, PERSONS, THE PUBLIC,CORPORATIONS, GOVERNMENTS OR OTHER ENTITIES. {a} TO TIOELANDS, OR LANDS COMPRISING WE SHORES OR BEDS OF NAVIGABLE OR PERENNIAL RIVERS AND -STREAMS, LAKES, BAYS,.GULFS OR OCEANS, OR (b) TO LANDS BEYOND THE LINE DF -THE HARBO ( SULKIIEAD LINES AS ESTABLIGHED OR CHANGED BY ANY GOVERNMENT, OR V S 021SLANUS, Oil �(c} lD FILLED -IN LAND , OR ARTI C� (d).TO STATUTORY WATT R'RIGHTS, INCLU{SING'RIPARIAN RIGHTS, OR (61 TO THE AREA -EXTENDING .FROM THE LINE OF MEAN LOW TIDE TO THE LINE Of' VEGETATION,OR THE. RIGHTS OF ACCESS TO THAT AREA OR EASEMENT ALONG AND ACROSS THAT ARCA. 5. STANDBY. FEES. ,TAXES .. AND ASSESSMENTS, By ANY TAXT.NG AUTHORITY FOR THE YEAR 1998 AND'SUBSEQUENT-YEAR,.AND SUBSEQUENT, TAXES AND ASSESSMENTS BY ANY. TAXING AUTHORITY FOk PRIOR YEARS ON TO CHANGE IN LAND USAGE OR. OWNERSIP . 6.1 THE FOLLOWING MATTERS- AND ALL TERMS OF THE DOCUMEN'r. CREATING OR OFFERING EVIDENCE OF THE MATI"ERS. (WE MUST INSCRT MATTERS OR DELt'fE 'I'H15 EXCEPTION.): Vendor's lien ro•t4inod indeed dated June 30, 1998, Oxecutod by k. T. FerLitta. Jr. to Tom Flanagan. trustee. securing the payment of a nuts of even. data therewith in the principal.amount of $45,000-00, payable to R. T.- Fertitta, Jr.; said note additionally secured by dund of trust of even, date' theonwith Co .Phil Donlap, trustees said deed of trust, recorded July . •I, 1998 in the Jefferson County Ctork's office, � 1 ;J WERSONCOUNTY TITLE. COMPANY . 4 F N0... 518112E PAGE —1 iWNER'S POLICY NO. 43OO69-0 under file 1-ILlmber §8-9024936. N A.ghts, of parties .in possession.. H. Subject to any -,and all existing oil, ..gas sndjor mineral leases or pooling -agreements. affecting -insured. Tract, and the rights of all parties Thereto. C. 'There is . expressly . excluded --Prom coverage hereunder, 'and this Company does not insure, title to o.i.l, gas and other minerals of every-kirrd and character., in, ona.nd under the. property herein described. D. Subject. to any, and all, outSt'and.ing . royeity interest owndd by other parti6ra . snd all rights relating to any sa_ich r oyalty interest. E. Easefeents or Claims - .of'Easements which are not re.pordad in the public records of defftrson.County, Taxac, F. Any portion u.f ENUbject property lying within the boundaries of es public or private roadway whother'.dedloated or not. Li. Certain, documents: appearing of public. record may contain language restricting land - ownership or' use because of race. color. creed. national origin, .' re.ligion, di.sbbiia ties, handicap, sex, or familial. status (hereinafter "Personal Restric"t;.i ") - Fed«ral: Law'prohibits enforcement of such personal rest i5�nd every limits the ability4of the title company to re :shnthem. to Lltra extent ��uch 4tr%,onal restrictions are car in. any. dOctlment listed ' as an exception 'to t.l Lie in this insur ng -Form. *such personal restrictions or - covenants are omitted form the oxcepi:iorti. If. the Company or its title irrsurince agent • or employees, provide copies of documents containing such personal restrictions or -covenants, we are simply providing a true copy of the recorded dgcLiment ,and do not publish,- stat.o, .or imply such personal restrictions or covenants are enforcerabie. H. Car tifIca I.e of Historical structures dated March 3, 1992, executed by the City'of Bea+umont'as.r'edorded under County Clerk's Film Code:No. 104-- 12-1571 • of the • H.eai Property Records of 3affdr'son' County; 'fexas .: JEFFERSON COUNTY TITLE -COMPANY SCHEDULE A 981431 OWNER POLICY NO. 462811 O DATE OF POLICY: February 094 1999" 8:00 O'CLOCK am AMOUNT: $400,000.00 PREMIUM: 42,876.00 I. NAME OF .INSURED: Tom Flanagan, Trustee 2. THE ESTATE OR INTEREST IN THE LAND WHAT IS COVERED BY THIS POLICY IS: Fee Simple 3. TITLE TO THE ESTATE OR INTEREST IN THE LAND IS INSURED AS VESTED IN: Tom Flanagan, Trustee 4. THE LAND REFERRED TO IN THIS POLICY IS DESCRIBED AS FOLLOWS: TRACT ONE: Being those certain parcels out of Block Fifteen (15) of the Original Townsi.te of Beaumont, Jefferson County, Texas, as said parcels are more particularly -described by metes and bounds as shown on Exhibit "A" attached hereto: J'" PERSON COUNTY TITLE COMPANY FIRST AMERICAN TITLE INSURANCE COMPANY Lot Number Ninety-four (94), Block Fifteen Fifty-one (51), of the Original Townsite of Beaumont, Jefferson County, Texas, as set forth in Vol. 448 page 249, Deed Records, Jefferson County, Texas, SAVE AND EXCEPT therefrom that portion of said Lot Ninety- four (94) included in the Deed to the City of Beaumont as recorded under Film Code No. 100-72-0787 in the Official Public Records of Real Property of Jefferson County, Texas. Being a portion of Lot Number Eighty-six (86), in Block. Number Fifteen (15) of the Original Townsite of Beaumont, Jefferson County, Texas, as same appears on the inap or plat of said Townsite on file in die office of die County Clerk of Jefferson County, Texas; being die same tract of land conveyed to Malcolm Duke by Kirby Lumber Corporation by deed dated May 29, 1946, and of record in Volume 623, page 192, Deed Records, Jefferson County, Texas; and being described by metes and bounds as follows, to -wit: BEGINNING at die Southwesterly corner of said Lot Number 86 on the Northwesterly line of Bowie Street; THENCE in a Northeasterly direction along the Southeasterly line of said Lot Number 86 and the Northwesterly line of said Bowie Street, 38 '/z feet, more or less, to the Southwesterly corner of a tract of land 47 square feet in area, more or less, conveyed by the Kirby Lumber Company to the T & NO Railroad Company by deed dated October 2, 1929, of record in Volume 331, page 491, Deed Records, Jefferson County, Texas, said point being a '/: feet perpendicular distance and at right angles to the center 1 ine of a spur track of said T & NO Railroad Company; THENCE, in a Westerly direction along the Southerly line of said 47 square feet tract of land, 8.5 feet perpendicular distance from and parallel to the center line of said spur tract to the point in the Southerly line of said T & NO Railway main line right of way; THENCE; -in a Westerly direction along the Southerly line of said T & NO Railway main line right of way to point of intersection of said right of way line and Southwesterly line of said Number 86; THENCE, in a Southeasterly direction along the Southwesterly line of said Lot Number 86 (being the common line between said Lot Number 86 and Lot Number 87, in said Block Number 15), 21 'A feet, more or less, to the PLACE OF BEGINNING. dec&austM.flanaganlccc Page 2 A tract of land situation in Jefferson County,'Texas, being a part of Lot Number Eighty- seven (87), in Block Number Fifteen (15) of the Original Townsite of Beaumont, Jefferson County, Texas, as same appears on the map or plat of said Townsite on file in the office of the County Clerk of Jefferson County, Texas, said lot being conveyed to the T and N. 0. Railroad Company by George W. O'Brien by deed dated January 18, 1867, and duly recorded in Book Q of the Deed Records, Jefferson County, Texas; and being more fully described by metes and bounds as follows: - BEGINNING on die North line of Bowie Street at the intersection of the Southwesterly corner of said Lot Number 87, and the Southeasterly corner of Lot Number 88, in said Block Number 15; THENCE in a Northwesterly direction parallel to the East line of Pearl Street, and along the common line between said Lots No. 87 and 88, a distance of 47 feet, more or less, said Lots No. 87 and 99, a distance of 47 feet, more or less, to point on the south line of said Railroad Company's R. 0. W.; THENCE in a Easterly direction along the said South line of said Railroad Company's R. 0. W., to point on the Easterly line of said Lot No. 87; - THENCE in a Southeasterly direction parallel with the West line of Main Street, and along the common line between said Lots No. 87 and 87, in said Block No. 15. 21 feet, more or less, to point on the North line of Bowie Street; THENCE in a Westerly direction along the North line of Bowie Street, 60 feet, more or less, to the place of beginning. Lot Number Ninety-two (92) in Block Number Fifteen (15), of the Original Townsite of Beaumont, Jefferson County, Texas, as same appears on the map or plat of said Townsite on file in the office of the County Clerk of Jefferson County, Texas, LESS AND SAVE AND EXCEPT, that portion of said Lot 92 conveyed by C. P. Bratnober,-et al to the T & NO Railroad Company by deed dated September 16, 1905 and -of record in Volume 85, page 481, of the Deed Records of Jefferson County, Texas. SAVE AND EXCEPT therefrom that portion conveyed to the City of Beaumont as set forth under Film Code No. 100-72-0787 Official Public Records of Real Property of Jefferson County, Texas. f dcc dlau s ti n. fl an a ga i ilc cc Page 3 .y Lot Number Ninety-three'(93) in Block Number Fifteen (15), of the Original Townsite of Beaumont, Jefferson County, Texas, as the same appears on the map or plat of said Townsite on file in the Office of the County Clerk of Jefferson County, Texas. SAVE AND EXCEPT therefrom that portion conveyed to the City of Beaumont as set forth under Film Code No. 100-72-0787 in the Official Public Records of Jefferson County, Texas. BEING all of Lot Number Ninety-six (96) in Block Number Fifteen (15) of the Original Townsite of Beaumont, Jefferson County, Texas, as same appears on the map or plat of said Townsite on file in the office of the County Clerk of Jefferson County, TexaG, SAVE AND EXCEPT therefrom such portion of said Lot as was conveyed by W. Gandy, et al to T and. N O Railroad Company by dated January 24, 1876, and now of record in Volume Q, Page 606 of the Deed Records, of Jefferson County, Texas; and being all of the real property owned by said Grantors in said Block Number 15; Together with all reversionary rights or other rights Grantor in and to the bed of the abandoned Southern.Pacific Transportation Company Railroad right of way adjoining each tract of the property hereinabove conveyed. All that certain tract or parcel, of land out of Lots 85, 86 87, 88, 89, 90, 91, 92, 95 and 96 of Block 15 of the Original Townsite of Beaumont, Jefferson County, Texas, said tract or parcel being out of the Noah Tevis Survey, Abstract 52, more particularly described as . follows, to -wit: BEGINNING at the intersection of the center line of Grantor's former original main tract the with the east line of Block 15 of the Original Townsite of Beaumont, Texas, said beginning corner also being in die west right of way line of Main Street and located South ' 49 deg. 27 min. West, a distance of 30.555 feet and South 40 deg. 33 min East, a distance of 251.41 feet from a City of Beaumont concrete monument which marks the intersection of the center line of Main Street and the center line of Crockett Street; and for descriptive purposes only within these field notes, Main Street is designated as running North and South and Crockett Street as running East and West; THENCE South 40 deg. 33 min. East along the east line of Block 15 and the west line of Main Street a distance of 79.15 feet to a mark in the concrete for corner at the intersection of the east line of Main Street and north line of Bowie Street; dccdlaustl 1. Sl ana ganlccc Page 4 THENCE South 49 deg. 27 min. West along the North line of Bowie Street a distance of 81.50 feet to all iron rod for corner at the southwest corner of 47 square foot tract of land conveyed by Kirby Lumber Co. to the Texas and New Orleans Railroad Company, predecessor in title to Grantor herein, as recorded in Volume 331, page 491, Deed Records of Jefferson County, Texas; THENCE North 79 deg. 38 min. West along the southwest line of the said 47 square foot tract a distance of 10.30 feet to an iron rod corner at the northwest corner of the said 47 square foot tract, said iron rod being located 100 feet at right angles to and from the center line of Grantor's original main line tract; THENCE South 72 deg. 35 min. West 100 feet southerly from and parallel with the center line of said original main track a distance of 230.55 feet to a mark in the concrete for corner in die east line of Pearl Street and the west line of Block 15; THENCE North 72 deg. 35 min. East 25 feet northerly from and parallel with the center line of die said original main line track a distance of 130.49 feet to a spike in the concrete for corner in the east line of Lot 91 and die west line of Lot 92; THENCE 40 deg. 33 min. West along the common line of Lots 91 and 92 a distance of 27.19 feet to a mark in the concrete for corner, said common corner being located 50 feet northerly at right angles from the center line of said original main line track; THENCE 72 deg. 35 min. East 50 feet northerly from and parallel with the center line of said original main line track a distance of 64.58 feet pass the west wall of an old brick building and all a total distance of 65.25 feet to tile, east line of Lot 92 and the west line of Lot 93 for corner; THENCE South 40 deg. 33 min. East along the common line of Lot 92 and 93 a distance of 4.79 feet to an iron pin for corner at the southeast corner of Lot 92 and Ole southwest corner of Lot 93 in the north line of Lot 96; THENCE North 49 deg. 27 min. East along the south line of Lot 93 and the North line of Lot 96 a distance of 11.21 feet to an iron rod for corner, said iron rod beg 50 feet northerly at right angles from the center line of said original main line track; THENCE North 72 deg. 35 min. East 50 feet northerly from and parallel to the center line of the said original main line track a distance of 118.31 feet to an iron rod for corner in the east line of Block 15 and the west line of Main Street; THENCE South 40 deg. 33 min. East along the east line of Block 15 and the west line of Main Street a distance of 54.37 feet to die PLACE OF BEGINNING, containing an area of 1.02548 acres of land, more or less; decdlausUidianagankcc Page 5 al wnsite of and being 1.5335 acres, more or -less, James1D. Austiall of n and beingralljof said block SI+,VEIAND Jefferson County, Texas, owned y EXCEPT: (a) part of Lots 88 and 89, Block 15, described in Deed recorded in Volume 253, Page 264, Deed Records of Jefferson County, Texas; and (b) the northerly portion of Lots 90 and 91, described in Deeds to George Wilson, Inc. recorded in Volume 1666, Page 19, Deed Records of Jefferson Comity, Texas, and to George Wise recorded under County Clerk's File No. 993709 ill the Office of the County Clerk of Jefferson County, Texas; and (c) any portions thereof conveyed to the City of Beaumont for street purposes; d SCHLAS A POLICY NO. TK 8$6921 FILE NO. 981127 pol "'.Y DATE: wi;r 21, 1998 O'CLOCK A14 AMOUNT: $Ci4 , 500.0U PREMIUK: $896.00 ' 1. NAME OF INSURED'- ..I'OM F LA14AGAN . WE INSURE YOUR 1NTERUST IN THE LAND C:OVE:REO BY iHXS PULICY IS: Fee Simple 3. LEGAL OKCRIP-l'ION OF LAND: Lot Plumt;4r Ninety—eight(9R), block Number SixtecO (w) OLD TOWN, City of C�Lai.;monC, Jc1'fer5���'r County, 'roxao, according t� the map oi` plat of said acld:li.ia;; of r•ecoro in Volwpe 448,.Page 249 of thy Doers Records in the of'Ci.c4 ).f Lk';Q Carn-;-cy Clerk of :;aid County apd SraCe. 0 o JEFFERSON COUNTY TITLE COMPANY 1 61.'hU. ; till 1/ :3 C II F' D U L E U E X C E P T 10 N S wE DO 140'r COVER 1.033, COSTS. A1TORNEYIS-FLES AND EXPENSES RESULTING -FROM:' 1. THE FOLLOWING. RESTRICTIVE COVENANTS OF RECORD I"fEf+lizED BELOW '(WE MUST. 1;ITHElt INSERT ,rprC]:f [C RECORDING DATA OR DELETE THIS EXCEPTION): THIS EXCFPTItIN IS HEREBY DELETED 2. ANY O1SFIRE-PANCIES, CONFLICTS, OR SHOf;TAGES IN AREA OR BOUNDARY LINES, UK ANY ENCROACHMENTS 4R PROTRUSIONS. OR, ANY ' OVERLAPPIP G OF IMPROV. EMENTS. J. FIUMES'fEAD OR COMMUNITY PROPERTY OR suRVIVORSHIP RIG'HT'S, :IF ANY. OF ANY SPOU "e c 11tiY INSURED. 4. ANY T'IJLt_S OR RIGHTS ASSERTED 8Y ANYONE, INCLUDING, BUT NOT LIMITED TO, PER.Otj+;, T'llL- PUBLIC. CORPORATIONS, GOVERNMFNI'S OR OTHER ENTITIES. (�) 'CO I TUELAItiIIiS; OR LANDS COMPRI SING :THE SHORES OR BEDS OF NAVIGABLE (M PERENNIAL RIVERS -AND STREAMS, LAKES, BAYS, GULFS OR OCEANS, OR (h) TO LANDS BtYONO THE LINE OF -'THE NARE:O' { BULKHEAD I-INES AS ES]'ABLISHEF OR CHANGED BY ANY GOVERNMENT, ' OR � ''f3-1N LANDS, Grt 11f2fT .':: SLANOS OR (�) '1'O FILLED -IN (d) I'D STATUTORY WATER RIGHTS, INCLUDING RIPARIAN RIGHTS, OR (�) -rig -lTHi.`. AREA EXTEN011NG FROl" THE -LINE OF MEAN LOW TIDE TO THE LIME OF VEGETATION,OR -THE RIGHTS OF ACCESS 1-0 THAT ARFA OR EASEMENT .ALONG AND ACROSS THAT AREA. 6. STANDBY FEES, TAXES AND ASSESSMENTS, BY ANY. `fAXING. AUTHORITY. FOR THE YEAR 1558 AND SUBSEQUENT YEAR, -AND SUBSEQUENT. TAXES' AND ASSESSMENTS,.B.Y. ANY TAXING AUTHORITY FOR PRIOR YEARS DUE TO CHANGE :IN LAWO USAGE OR OWNERSHIP. 6, THL FOLLOWING. !+MATTERS. A_ NO ALL TERMS of Tllr ' UOCU14ENT CREATIVE, OR OFFERING EVIDENCE OF THE MATTERS (WE. MUST -INSERT MATTERS .OR DELETE THIS EXCEPTION.) A. Rights of parties in possession. B. Subject Co any and all existing' oil, gas and/or mineral.leasss or poviing ayreergants c f-fect.ing insured Tract, 'and the :-rights . of 11 parties. Thereto.. C. Thera. iG expressly exclu�� ded from coverao hereunder', and this Company J: �ERSON COUNTY TITLE- COMPANY' OWNER'S POLICY NO. 4'n C06821 does not insurv, title to oil, .gas and other minerals of svvry kind and character, in, onand under the property herein . dascribod. ySUL%ieCt ; to - 4iny anti all. OLluatanding royMAY intereGt Awned by other pA r-ties End ill rights relating tq.any pucn. roydItY intet -esi-- E.. yasome= or of E-e-isements which a4*0 riot recorded in the public records of Jefferson County, Texas, F. Any portion of s"bjewt property lying within the boundaries.of a public or private roadway whethar. dedicated or not. G.-cartain . documents appearing of public record may contain language restricting land ownership or jute :bOc4usc of race, color, creed, natidnal origin, religion, disabiliti&s. . handicap. sex, 01 status (hereinafter "Personal Restrictions.") Fuderh Law prohiblQ enfaccemenr of such- personal restrictions and even Limits the ability of stile ~iAje company to raport or show Wpm. To the eVtont such personal restrictions pro contained. in any document - listed as an -exception to'tltle in this insur ing form, such personal restrictions or_ CoAnants are omitted. form che.exiaeption. If tho Company -or its.title- i n'G u r a ric. a 4ge . nt or, amployeas provide copies ul: dOCUfllentS containing such personal restrictions or covenants, we are simply providing a true copy of the recorded document and. do not publish, state, or imply zuyh 0 able, personal restrictions or coventin:tS are ant. a t a -March 3. 1992, executed by H. Certificate of HistoACA SW WC is - No, 1011-- county the City of Beaumont as rVG'ordo;W Work Film Code l 0 12-1567 of tho mi Proper Cy. Records of Jefferson County, Texas. COUNTERSIGNED; JEFFERSON couwry -rITLE COPIPANY AUTHORIZED SIGNATURE C. OWNER AFFIDAVIT The Crockett Street Entertainment Center is a historically significant site, which has bden recorded as historic structures in the real property records of Jefferson County. They are contributing buildings in Beaumont's downtown historic district and have been listed as eligible for the National register of Historic Places. Each building will be rehabilitated in accordance with the Secretary of the Interior's Standards for Rehabilitation. Crockett Street Entertainment Center is in need of tax relief to encourage its preservation. It meets all requirements of Section 25-58, Historic structure preservation tax exemption for residential and commercial buildings. It complies with applicable zoning laws. The preservation will involve the renovation of all five buildings. Asbestos abatement will be performed in three of the buildings, all roofs and skylights will be replaced, new electrical, plumbing and gas lines will be installed, extensive structural, plaster and masonry repairs will be carried out, all significant architectural woodwork and trim will be preserved, three (3) new elevators will be installed, exterior balconies for additional dining will be installed where feasible, the original storefront designs and exterior canopies will be re-created, the back alley will be renovated to accommodate customers, and extensive exterior lighting will be installed for high visibility and security. Historic Significance In another time and era, downtown Beaumont was the center of commerce and entertainment for all of Southeast Texas. The streets were alive and bustling with businessmen, lawyers, soldiers, bankers and a variety of consumers. Centered in the heart of ali this activity was the Dixie Hotel, Mirror Shoe Shine, Payless Beauty Supply, The Tip Top Cafe and the George Wilson Clothing Store which were constructed in the late 1800's and early 1900's. Today, all that is left, are haunting memories of an older generation and the cooing sounds of pigeons roosting on dusty decaying roof timbers. Lost, but not forgotten, are the fragrant aromas wafting from the Tip Top Cafd; the soldiers lingering at the front door of the Mirror Shoe Shine; or the silent silhouette quietly entering one of the most famous bordellos in Southeast Texas. Historical significance will define itself through the memories of generations to come, but none as significant or as provocative as the buildings on Crockett and Pearl Street. Need for Tax Relief The redevelopment of the five buildings is an extremely complex and challenging redevelopment effort. To insure its preservation, it is in need of property tax relief. The age, size, and existing deterioration of each APPLICATIO VMHISTORICTA%EXEhWTKWd- C. OWNER AFFIDAVIT {Continued..........} building will make the renovations very costly. The management and operations of the center are also complex. After it is completed, it will have to be managed on a very rigorous budget to meet debt obligations, maintain affordability to varying entertainment venues and provide the quality of services that are needed, both for the Tenants and the general public. Without the proposed tax relief, the preservation, renovation and long term operation of the center would not be financially feasible. However, without jeopardizing the TIF requirements, we are therefore proposing only a partial tax exemption. The effect of this partial tax exemption combined with the additional tax revenue to be recognized from each Tenant's FF&E will produce an estimated increase of $56,000 in tax revenue. Please refer to the attached Exhibit "A" for the details regarding this computation and then at Exhibit `B" which reflects the negative projected cash flow if the property were to be fully assessed at $4,000,000 without any tax exemptions. Submitted By: CROCKETT STREET DEVELOPMENT, LTD. Mar,y,E. Hoover, CPMO Project Manager APPLICATION FOR HISTORIC TAX BXH WTMA" - M (9 \Y - V c � Oh CD r o E q ao o rn m N c � to m N c c 0 0 �2 v p n. a am m x x o cco 0 0 0 0 0 0 0 0 O Q W) c t, LD r M � 40 W I N N aaq fV V! N i ro m A ob O a0 N N 1 m E Q w V c ao IA m LL a c c LL sr m H w LL 0 0 0 40 w m v m a 0 a E 'w cr m <i W a m v 0 c a 0 aE 0 ti 2-A o9t pp o ai CD � r N 0 0 m o m � r tl m N P m co p a t. tl m w o�ti c T tl w O C2 m a Wr m w G m p V r m i w O P � r N a dE om m Y N O A N m a Go O A co N N M M 00 0 N N Yj r N N M 0 SO O N m [r N N YI w m N N M co c N cm tiaa H � �b p O O In N N 40 N N N 00 0 tic P pm A W Y1 N N N N N w k cl It mm 3M N N N W C C W 9 I O 00o�0000 `° oppnappoa � � $ q TON O O O YI cmOJ 41 N Ten M raw b p1 r NwwNNHNw 40 H H H v0o opbopp o p0 wCL a b V +N"Nr .Vpl fOn lOn w I F7 VI N N N K K w N w N N N w O 0 0It 0 0 0 0 'f eo fp 0 O O CI.�fi 0 0 0 0 Y� Q O O OQ a<oa 00 W, R O O M C. 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Attached are the Tax Receipts for 1998 taxes paid on the portions of Crockett Street that were purchased during the calendar year of 1998. The taxes for 1999, which will be inclusive of all assets purchased and owned, are not due and payable until December 31, 1999. APPLICATION FOR HISTORIC TA%EXEMPTIONA. TAX RECEIPT P' MIRIAM K. JOHNSON •,'f TAX ASSESSOR COLLECTOR, JEFFERSON COUNTY f�JOx'cr+"l P.O. BOX 2112 } BEAUMONT, TEXAS 77704 OWNER/AGENT FL.ANAGAN TOM 490 PARK ST.STE 200 BEAUMONT TX 77701-2900 %1V 1688737 ACCOUNT NO. LEGAL DESCRIPTION BEAUMONT L-90 L-91 BLK-15 SE PT 271 6 275 CROCKETT 0.0000 ACRES YEAR 5 o 0 r TAXABLE VALUE RECEIPT NO. LEVY PAID DISC - P11 PAID ATTNY PAID OTHER PAID TOTAL PAID 98 1 33040 8004765 i20.60 120.60 98 4 33040 8004765 495.60 495.60 98 1 33040 8004765 209.80 209.80 98 1 33040 8004765 27.24 27.24 98 9 33040 8004765 66.09 66.09 98 5 33040 8004765 5.95 5.95 925.28 92S.28 TOTALS: QUESTIONS CONCERNING THIS RECEIPT SHOULD BE DIRECTED TO 409/835-8516 OR 409/727-2191 EXT 516 ANY QUESTIONS CONCERNING THE APPRAISED VALUE OR EXEMPTION GRANTED SHOULD BE DIRECTED TO THE JEFFERSON COUNTY APPRAISAL DISTRICT 409/963-0188 OR 4091727-4611 JURISDICTION CODE LEGEND 21 I` ..ITY OF BEAUMONT 41 PORT OF BEAUMONT 49 DRAINAGE DISTRICT 55 BEAUMONT NAVIGAT: Ic 70TALCASH: TOTAL CHECKS: 925 . 28 TOTAL CREDIT CARD: TOTAL COLLECTED: 92S.28 DATE PAID: 01 /31 /99 TIME PAID: 990203--1344557 CASHIER. .IMM VALIDATION NO. 580131 7A-01 081 65 iAX I'AYI.R CC)P'f TAX RECEIPT l: MIRIAM K. JOHNSON TAX ASSESSOR -COLLECTOR, JEFFERSON COUNTY s'`�+ar [n.�•' P.O. BOX 2112 { ) BEAUMONT, TEXAS 77704 OWNER/AGENT FLANAGAN TOM 490 PARK ST STE 800 BEAUMONT TX 77701-2900 1688736 ACCOUNT NO.003200/003000 LEGAL DESCRIPTION BMT EI/2 L100 B 16 260 CROCKETT ST 0.0000 ACRES YEAR ` o o [ TAXABLE VALUE RECEIPT NO. LEVY PAID DISC- PII PAID ATTNY PAID OTHER PAID TOTAL PAID 98 1 17210 8004772 62.82 62.82 98 4 17210 8004772 258.15 258.15 98 1 17210 8004772 109.28 109.28 98 1 17210 8004772 14.19 14.19 98 9 17210 8004772 34.43 34.43 98 I I' 5 17210 8004772 3.10 3.10 481.97 481.97 TOTALS. QUESTIONS CONCERNING THIS RECEIPT SHOULD BE DIRECTED TO 409/835-8516 OR 409/727-2191 EXT 516 ANY QUESTIONS CONCERNING THE APPRAISED VALUE OR EXEMPTION GRANTED SHOULD BE DIRECTED TO THE JEFFERSON COUNTY APPRAISAL DISTRICT 409/963-0188 OR 409/727-4611 JURISDICTION CODE LEGEND D7j i 21 ZITY OF BEAUMONT 41 PORT OF BEAUMONT 49 DRAINAGE DISTRICT 55 BEAUMONT NAVIGAT C1 TOTAL CASH: TOTAL CHECKS: ` • 97 TOTAL CREDIT CARD: TOTAL COLLECTED: 481 .97 DATE PAID: 0 1 /31 /99 TIME PAID: 990203-134451 CASHIER: .iMM VALIDATION NO. 5801317A-0108164 TAX RECEIPT MIRIAM K. JOHNSON. TAX ASSESSOR -COLLECTOR, JEFFERSON COUNTY P.U. BOX 2112 BEAUMONT, TEXAS 77704 OWNER/AGENT FLANAGAN TOM 490 PARK ST BEAUMONT TX 77701-2900 CA 1688735 ACCOUNT NO.003200/002800 LEGAL DESCRIPTION BHT L 98 8 16 232 CROCKETT ST 0.0000 ACRES YEAR ul i; P TAXABLE VALUE RECEIPT NO. LEVY PAID DISC - P11 PAID ATTNY PAID OTHER PAID TOTAL PAID 98 1 38390 8004770 140.11' 140.1E 98 4 38390 8004770 575.85 575.85 98 1 38390 8004770 243.78 243.78 98 1 38390 8004770 31.65 31.65 98 9 38390 8004770 76.79 76.79 98 5 38390 8004770 6.91 6•91 1075.10 1075.10 TOTALS: QUESTIONS CONCERNING THIS RECEIPT SHOULD BE DIRECTED TO 4091835-8516 OR 4091727-2191 EXT 516 ANY QUESTIONS CONCERNING THE APPRAISED VALUE OR EXEMPTION GRANTED SHOULD BE DIRECTED TO THE JEFFERSON COUNTY APPRAISAL DISTRICT 409/963-0188 OR 409/727-4611 JURISDICTION CODE LEGEND ?. :ITY OF BEAUMONT 41 PORT OF BEAUMONT 49 DRAINAGE DISTRICT 55 BEAUMONT NAVIGAT D1 TOTAL CASH: TOTAL CHECKS: 1075. 10 TOTAL CREDIT CARD: TOTAL COLLECTED: 1 ;j': 5. 10 DATE PAID: TIME PAID: CASHIER: VALIDATION NO 01/31/99 990203-134446 JMM 5601317A-0108163 Ik.-, "AYi-n (i' lI� -TAX RECEIPT - ••"rptitcro • a MIRIAM K. JOHNSON. TAX ASSESSOR -COLLECTOR, JEFFERSON COUNTY zf���rOM cR.`4� P.O. BOX 2112 } BEAUMONT, -TEXAS 71704 OWNER/AGENT FLANAGAN TOM —TRUSTEE 490 PARK ST BEAUMONT TX 77701-2900 1688734 ACCOUNT NO. 003200/002900 LEGAL DESCRIPTION BMT L 99 8 16 E40 CROCKETT ST 0.0000 ACRES YEAR s o D TAXABLE VALUE RECEIPT NO. LEVY PAID DISC - PSI PAID ATTNY PAID OTHER PAID TOTAL PAID 98 1 37100 8004771 135.42 135.42 98 4 37100 8004771 556.50 556.50 98 1 37100 8004771 235.59 235.59 98 1 is 37100 8004771 30.58 30.58 98 9 37100 $004771 74.21 74.21 98 � I 37100 8004771 6.68 6.68 1036.98 1038.98 TOTALS: QUESTIONS CONCERNING -THIS RECEIPT SHOULD BE DIRECTED TO 409/835-8516 OR 409I727-2191 EXT 516 ANY QUESTIONS CONCERNING THE APPRAISED VALUE OR EXEMPTION GRANTED SHOULD BE DIRECTED TO THE JEFFERSON COUNTY APPRAISAL DISTRICT 4091963-0188 OR 409/727-4611 JURISDICTION CODE LEGEND 71 ;'ITY OF BEAUMONT 41 PORT OF BEAUMONT 49 DRAINAGE DISTRICT 55 BEAUMONT NAVIGAT'. t7 TOTAL CASH: TOTAL CHECKS: 1038.98 TOTAL CREDIT CARD: TOTAL COLLECTED: 1038.98 DATE PAID: TIME PAID: CASHIER: VALIDATION NO 01 /31 /`39 990203-134442 JMM 5801317A-0108162 I,'' . I ,AV- I i.:i"i' TAX RECEIPT- ; •� rpu [cio�,, MIRIAM K. JOHNSON 1.688733 TAX ASSESSOR -COLLECTOR, JEFFER50N COUNTY P.O. BOX 2112 BEAUMONT, TEXAS 77704 ACCOUNT NO. 003200/003100 OWNER/AGENT LEGAL DESCRIPTION FLANAGAN TOM BMT L 101 & W1/2 L100 B16 490 PARK 5T STE 200 373-375 PEARL BEAUMONT TX 77701-2900 0.0000 ACRES DISC - YEAR TAXABLE RECEIPT LEVY P!I ATTNY OTHER TOTAL o VALUE NO. PAID PAID PAID PAID PAID 0 c 98 1 59020 8004773 215.42 215.42 98 4 59020 8004773 865.30 885.30 .98 1 59020 8004773 374.78 374.78 98 1 59020 8004773 48.65 46.65 98 9 59020 8004773 118.06 118.06 98 5 59020 8004773 10.62 10.62 1652.83 1652.83 TOTALS: QUESTIONS CONCERNING THIS RECEIPT SHOULD BE TOTAL CASH: DIRECTED TO 409/835-8516 OR 409/727-2191 EXT 516 TOTAL CHECKS: 1652.83 TOTAL CREDIT CARD: ANY QUESTIONS CONCERNING THE APPRAISED VALUE OR EXEMPTION GRANTED SHOULD BE DIRECTED TO THE JEFFERSON COUNTY APPRAISAL DISTRICT 409/963-0188 OR 409/727-461 1 JURISDICTION CODE LEGEND 5 R.-CITY OF BEAUMONT 41 PORT OF BEAUMONT 49 DRAINAGE DISTRICT 55 BEAUMONT NAVIGAT ❑c TOTAL COLLECTED: DATE PAID: TIME PAID: CASHIER: VALIDATION NO. 1652.83 01/31/99 9902203--134438 JMM 5801317A-0108161 { E. PLANS FOR RESTORATION OR REHABILITATION. The architectural firm of White Rock, Ltd., is the selected architect for the project. Construction documents have yet to be finalized. However, attached are artist renderings of the proposed renovations to the project. APPLICATION FOR RISTORX TAX IR7M WTKWd- F. STATEMENT OF RESTORATION OR REHABILITATION COSTS Architectural & Structural Engineering Fees Advertising/Promotional Events City Permits & Fees Asbestos Abatement Base Building Water & Sewer Service Base Building Electricity Service Base Building Gas Service Base Building HVAC Service Base Building Elevator Service Exterior Building Renovations Roof Replacements Exterior Lighting Parking Lot Graphics TOTAL $ 450,000 $ 85,000 $ 5,000 $ 347,000 $ 75,000 $ 60,000 $ 55,000 $ 85,000 $ 155,000 $ 2,880,000 $ 86,000 $ 57,000 $ 125,000 $ 35,000 $ 4,500,000 APPLICATION FOR H13TORIC TAX 67(EWTiON.1100 G. ESTIMATED CONSTRUCTION AND COMPLETION TIME Estimated construction of buildings will commence during the first quarter of 2000 with an estimated completion time of December 2000. APPLICATION FOR HISTORIC TA%EM"TIONAm 0 H. AUTHORIZE THE MEMBERS OF COMMISSION AND CITY OFFICIALS TO VIST AND INSPECT THE PROPERTY FOR CERTIFICATHON THAT THE PROPERTY IS IN SUBSTANTIAL NEED OF RESTORATION. All members of the Commission or any City of Beaumont official has authorization to visit and inspect the property for certification of substantial restoration. APPLICATION FOR HISTORIC TAX 8]®MR'TI NA. I 0 0 I. DETAILED STATEMENT OF THE PROPOSED USE FOR THE PROPERTY. Once upon a time Crockett Street was known throughout the South as one of the most famous and notorious entertainment districts. Closed by the James Commission, the buildings have been boarded up and forgotten until now. The excitement of the Crockett Street Entertainment District begins anew. Music, entertainment, food and fun are returning once again to downtown Beaumont. Crockett Street will bring a new vision to our city. This major gathering point for all of Southeast Texas will emphasize the unique musical heritage that we have. It will become a national attraction. The complete restoration of Crockett Street will breathe new life into a part of Beaumont once known as the Center of Commerce Activity and Entertainment. It will create a place for families and friends to experience a wide range of enjoyable activities. The allure of the establishments on Crockett Street will entice thousands of visitors to explore and enjoy the area, whether for a performance by world renowned local performers, or to enjoy a unique southeast Texas meal or just to stroll under the glow of old fashioned gas lights. A prominent feature of Crockett Street will be the 300 seat Opry House geared to hosting everything from the hottest country music stars to Sunday afternoon gospel music. In addition to the Opry House, there will be restaurants, coffee shops, billiard parlors, pubs, and nightclubs located through out the five buildings. Each venue will have live entertainment and the installation of three elevators will allow a continuous flow of customers from one building to another on any given floor. The alleyway behind the buildings will be renovated making room for more strolling and entrances into the nightspots. Crockett Street Entertainment District will become the entertainment Mecca of Southeast Texas, drawing tourists off the Interstate to stop and discover what Beaumont has to offer. APPLICATION FOR HISTORIC TAX EXEMPTIUN.d-