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HomeMy WebLinkAboutRES-24-330RESOLUTION NO. 24-330 BE IT RESOLVED BY THE CITY COUNCIL Cflare1wK alto •lt"J IS)an THAT the City Manager be and he is hereby authorized to amend Section 9 of the Neighborhood Empowerment Zone Agreement between the City of Beaumont, and 1. Diamond Homes, LLC, of Beaumont, Texas for residential new construction at 3485 Pradice Street, 3520 Pradice Street, 3470 Goliad Street, 3480 Goliad Street, and 3185 Elinor Street; and, 2. KCG Prado Place LP, of Dallas, Texas for a multi -family new construction at 415 South 1 lth Street; and, 3. T.W. Calder, LLC, of Beaumont, Texas for a new music venue and retail shop at 999 Calder Avenue, to include the correct base year to the time period for tax abatement; and, THAT the amended contracts are substantially in the forms attached as Exhibits "A, B, C, D, E, F, and G," and made a part hereof for all purposes. The meeting at which this resolution was approved was in all things conducted in strict compliance with the Texas Open Meetings Act, Texas Government Code, Chapter 551. PASSED BY THE CITY COUNCIL of the City of B December, 2024. this the 17th day of - `Mayor Roy West - AMENDMENT TO AGREEMENT THE STATE OF TEXAS § COUNTY OF JEFFERSON § This Amendment to the Agreement ("Amendment") is made between The City of Beaumont, Texas ("City,") and Diamond Homes, LLC, (Property Owner) collective known as the "Parties," on this day of 20 . This Amendment is to the contract executed between the parties on July 9, 2024 concerning the property described in the Agreement located at 3520 Pradice Street, Beaumont, Texas and described as part of Lot 12, Block 3, Rosemont Addition, Beaumont, Jefferson County, Texas. ("Premises") The contract is amended as follows: Section 9 is amended with the substitution of the following bolded language 9. The base year value of this Project is January 1 of the year it is executed by the Parties. Subject to the terms and conditions of this Agreement, all increases in taxes owed to the City, assessed from the ad valorem real value resulting from these improvements of these Premises, are hereby abated in their entirety for the three-year period beginning January 1, 2026 and terminating December 31, 2028. End of Amendment. The above -listed changes are the only changes to the Agreement addressed by this Amendment. This Amendment shall be attached to the original contract and incorporated therewith. The remainder of the original contract shall remain in full force and effect. Should there be any conflict between this Amendment and the Contract or any previous Amendment, the terms of this Amendment shall prevail. This Amendment shall become effective upon the signatures of both Parties. The signatures of both Parties will act as a written agreement executed by both Parties in compliance with Section 16 of the Agreement. Respresentative for Diamond Homes, LLC Kenneth Williams, City Manager SUBSCRIBED AND SWORN TO BEFORE ME on this the day of, 2024, to certify which witness my hand and official seal. Notary Public in and for the State of Texas AMENDMENT TO AGREEMENT THE STATE OF TEXAS § COUNTY OF JEFFERSON § This Amendment to the Agreement ("Amendment") is made between The City of Beaumont, Texas ("City,") and Diamond Homes, LLC, (Property Owner) collective known as the "Parties," on this day of 20. This Amendment is to the contract executed between the parties on July 9, 2024 concerning the property described in the Agreement located at 3485 Pradice Street, Beaumont, Texas and described as part of Lot 10, Block 1, Rosemont Addition, Beaumont, Jefferson County, Texas. ("Premises") The contract is amended as follows: Section 9 is amended with the substitution of the following bolded language 9. The base year value of this Project is January 1 of the year it is executed by the Parties. Subject to the terms and conditions of this Agreement, all increases in taxes owed to the City, assessed from the ad valorem real value resulting from these improvements of these Premises, are hereby abated in their entirety for the three-year period beginning January 1, 2026 and terminating December 31, 2028. End of Amendment. The above -listed changes are the only changes to the Agreement addressed by this Amendment. This Amendment shall be attached to the original contract and incorporated therewith. The remainder of the original contract shall remain in full force and effect. Should there be any conflict between this Amendment and the Contract or any previous Amendment, the terms of this Amendment shall prevail. This Amendment shall become effective upon the signatures of both Parties. The signatures of both Parties will act as a written agreement executed by both Parties in compliance with Section 16 of the Agreement. Respresentative for Diamond Homes, LLC Kenneth Williams, City Manager SUBSCRIBED AND SWORN TO BEFORE ME on this the day of, 2024, to certify which witness my hand and official seal. Notary Public in and for the State of Texas AMENDMENT TO AGREEMENT THE STATE OF TEXAS § COUNTY OF JEFFERSON § This Amendment to the Agreement ("Amendment") is made between The City of Beaumont, Texas ("City,") and Diamond Homes, LLC, (Property Owner) collective known as the "Parties," on this day of 20 . This Amendment is to the contract executed between the parties on July 9, 2024 concerning the property described in the Agreement located at 3470 Goliad Street, Beaumont, Texas and described as part of Lot 8, Block 1, Rosemont, Beaumont, Jefferson County, Texas. ("Premises") The contract is amended as follows: Section 9 is amended with the substitution of the following bolded language 9. The base year value of this Project is January 1 of the year it is executed by the Parties. Subject to the terms and conditions of this Agreement, all increases in taxes owed to the City, assessed from the ad valorem real value resulting from these improvements of these Premises, are hereby abated in their entirety for the three-year period beginning January 1, 2026 and terminating December 31, 2028. End of Amendment. The above -listed changes are the only changes to the Agreement addressed by this Amendment. This Amendment shall be attached to the original contract and incorporated therewith. The remainder of the original contract shall remain in full force and effect. Should there be any conflict between this Amendment and the Contract or any previous Amendment, the terms of this Amendment shall prevail. This Amendment shall become effective upon the signatures of both Parties. The signatures of both Parties will act as a written agreement executed by both Parties in compliance with Section 16 of the Agreement. Respresentative for Diamond Homes, LLC Kenneth Williams, City Manager SUBSCRIBED AND SWORN TO BEFORE ME on this the day of, 2024, to certify which witness my hand and official seal. Notary Public in and for the State of Texas AMENDMENT TO AGREEMENT THE STATE OF TEXAS § COUNTY OF JEFFERSON § This Amendment to the Agreement ("Amendment") is made between The City of Beaumont, Texas ("City,") and Diamond Homes, LLC, (Property Owner) collective known as the "Parties," on this day of 20 . This Amendment is to the contract executed between the parties on July 9, 2024 concerning the property described in the Agreement 3480 Goliad Street, Beaumont, Texas and described as part of Lot 9, Block 1, Rosemont, Beaumont, Jefferson County, Texas. ("Premises") The contract is amended as follows: Section 9 is amended with the substitution of the following bolded language 9. The base year value of this Project is January 1 of the year it is executed by the Parties. Subject to the terms and conditions of this Agreement, all increases in taxes owed to the City, assessed from the ad valorem real value resulting from these improvements of these Premises, are hereby abated in their entirety for the three-year period beginning January 1, 2026 and terminating December 31, 2028. End of Amendment. The above -listed changes are the only changes to the Agreement addressed by this Amendment. This Amendment shall be attached to the original contract and incorporated therewith. The remainder of the original contract shall remain in full force and effect. Should there be any conflict between this Amendment and the Contract or any previous Amendment, the terms of this Amendment shall prevail. This Amendment shall become effective upon the signatures of both Parties. The signatures of both Parties will act as a written agreement executed by both Parties in compliance with Section 16 of the Agreement. Respresentative for Diamond Homes, LLC Kenneth Williams, City Manager SUBSCRIBED AND SWORN TO BEFORE ME on this the day of, to certify which witness my hand and official seal. Notary Public in and for the State of Texas 2024, AMENDMENT TO AGREEMENT THE STATE OF TEXAS § COUNTY OF JEFFERSON § This Amendment to the Agreement ("Amendment") is made between The City of Beaumont, Texas ("City,") and Diamond Homes, LLC, (Property Owner) collective known as the "Parties," on this day of 20_. This Amendment is to the contract executed between the parties on July 9, 2024 concerning the property described in the Agreement located at 3185 Elinor Street, Beaumont, Texas and described as part of Lot 10, Block 32, West Oakland Addition, Beaumont, Jefferson County, Texas. ("Premises") The contract is amended as follows: Section 9 is amended with the substitution of the following bolded language 9. The base year value of this Project is January 1 of the year it is executed by the Parties. Subject to the terms and conditions of this Agreement, all increases in taxes owed to the City, assessed from the ad valorem real value resulting from these improvements of these Premises, are hereby abated in their entirety for the three-year period beginning January 1, 2026 and terminating December 31, 2028. End of Amendment. The above -listed changes are the only changes to the Agreement addressed by this Amendment. This Amendment shall be attached to the original contract and incorporated therewith. The remainder of the original contract shall remain in full force and effect. Should there be any conflict between this Amendment and the Contract or any previous Amendment, the terms of this Amendment shall prevail. This Amendment shall become effective upon the signatures of both Parties. The signatures of both Parties will act as a written agreement executed by both Parties in compliance with Section 16 of the Agreement. Respresentative for Diamond Homes, LLC Kenneth Williams, City Manager SUBSCRIBED AND SWORN TO BEFORE ME on this the day of, 2024, to certify which witness my hand and official seal. Notary Public in and for the State of Texas AMENDMENT TO AGREEMENT THE STATE OF TEXAS § COUNTY OF JEFFERSON § This Amendment to the Agreement ("Amendment") is made between The City of Beaumont, Texas ("City,") and T.W. Calder, LLC, (Property Owner) collective known as the "Parties," on this day of 20 . This Amendment is to the contract executed between the parties concerning the property described in the Agreement located at 999 Calder Ave., Beaumont, Texas and described as part of Lots 5-12, Block 5, Calder, Beaumont, Jefferson County, Texas. ("Premises") The contract is amended as follows: Section 9 is amended with the substitution of the following bolded language 9. The base year value of this Project is January 1 of the year it is executed by the Parties. Subject to the terms and conditions of this Agreement, all increases in taxes owed to the City, assessed from the ad valorem real value resulting from these improvements of these Premises, are hereby abated in their entirety for the three (3)-year period beginning January 1, 2026 and terminating December 31, 2028. End of Amendment. The above -listed changes are the only changes to the Agreement addressed by this Amendment. This Amendment shall be attached to the original contract and incorporated therewith. The remainder of the original contract shall remain in full force and effect. Should there be any conflict between this Amendment and the Contract or any previous Amendment, the terms of this Amendment shall prevail. This Amendment shall become effective upon the signatures of both Parties. The signatures of both Parties will act as a written agreement executed by both Parties in compliance with Section 16 of the Agreement. Respresentative for T.W. Calder, LLC Kenneth Williams, City Manager SUBSCRIBED AND SWORN TO BEFORE ME on this the day of, to certify which witness my hand and official seal. Notary Public in and for the State of Texas 2024, AMENDMENT TO AGREEMENT THE STATE OF TEXAS § COUNTY OF JEFFERSON § This Amendment to the Agreement ("Amendment') is made between The City of Beaumont, Texas ("City,") and KCG Prado Place, LP, (Property Owner) collective known as the "Parties," on this day of 20 . This Amendment is to the contract executed between the Parties concerning the property described in the Agreement located at 415 S I Ith Street, Beaumont, Texas and described as part of LT IA REPLAT LT 1 TR 1 CHRIST COMMUNITY 2.7124AC, Beaumont, Jefferson County, Texas. ("Premises") The contract is amended as follows: Section 9 is amended with the substitution of the following bolded language 9. The base year value of this Project is January 1 of the year it is executed by the Parties. Subject to the terms and conditions of this Agreement, all increases in taxes owed to the City, assessed from the ad valorem real value resulting from these improvements of these Premises, are hereby abated in their entirety for the seven-year period beginning January 1, 2026 and terminating December 31, 2033. End of Amendment. The above -listed changes are the only changes to the Agreement addressed by this Amendment. This Amendment shall be attached to the original contract and incorporated therewith. The remainder of the original contract shall remain in full force and effect. Should there be any conflict between this Amendment and the Contract or any previous Amendment, the terms of this Amendment shall prevail. This Amendment shall become effective upon the signatures of both Parties. The signatures of both Parties will act as a written agreement executed by both Parties in compliance with Section 16 of the Agreement. Respresentative for KCG Prado Place, LP Kenneth Williams, City Manager SUBSCRIBED AND SWORN TO BEFORE ME on this the day of, 2024, to certify which witness my hand and official seal. Notary Public in and for the State of Texas