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Home My WebLink About7-22-2004-12.04 - Resolution - 07/22/2004RESOLUTION NO. 7-22-2004-12.04 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF COLLEGE STATION APPROVING GUIDELINES AND CRITERIA FOR TAX ABATEMENT AND OTHER ECONOMIC DEVELOPMENT INCENTIVES. WHEREAS. the City has used the ability Io abate taxes In the past as an Economic Development incentive for manufactunng, research and development, and hght ~ndustnal businesses and wishes to continue that practice; and. WHEREAS. the C~ty has prewoasly established gu~dehnes and criteria governing tax abatement and other economic development mcent,ves for manufactunng, research and development, and light industrial businesses, and. WHEREAS, the City has previously established guidelines and criteria governing tax abatement and other economic development incentives for certain redevelopment, retail, tourism, commercial/specialized development, and historical/arts development plojecls; and, WHEREAS. the City desires to amend its guidelines and criteria governing tax abatement and other economic development incentives for redevelopment, retail. tourism, commerc,al/speclahzed development, and historical/arts development; and. WHEREAS, the City desires to re-adopt guidelines prewoasly established governing tax abatement and other economic development incentives for manufactunng, research and development, and light industrial businesses; and, WHEREAS, these guidelines for non-industrial economic development projects have been adopted by the City of Bryan; now, therefore, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF COLLEGE STATION. TEXAS. Pan I That the City Council's intention is to consider providing tax abatements and other economic development incentives in appropriate cases Part 2 That the City Council hereby approves the guidelines and cntcrm, "Exhibit A", attached hereto Part 3: That this resolution shall take effect m~mediately from and after its passage Resoluhon No 1-22-2004-12.04 Page 2 PRESENTED, PASSED AND ADOPTED on lhis 22nd day of July, 2004 APPROVED RON SI LVIA,/M ~-yo-r- ATTEST Co,raze Hooks, City Secretary APPROVED- C,ty Attorney CITY OF BRYAN, CITY OF COLLEGE STATION, BRAZOS COUNTY & THE RESEARCH VALLEY PARTNERSHIP, INC. ECONOMIC DEVELOPMENT GUIDELINES June 24, 2004 - HISTORICAL NOTES - The ortgt.al versto, o] Economtc Developme. t Gutdehnes were approved by the R I 'P Bo,mi of Dtrectors at the October 20. 1994 Board Meetmg Revtsto.s to theze Gutdehne* were approved by the R }'P Board of Dtrectors on the following date* Rewston I - September 21. 1995. Rewston 2 - Februar), 15. 1996. Rewston 3 - September 18. 1997. Rtl I~tOtl 4 - October 20. 1999. Revtston 5 - Decembcr I I. 2002. Rel'lStOtl 6 -.4pt d 2003. Revtwott ffune24. 2004 combmed gtttdehttes SECTION I GENERAL The Gutdehttcs are intended to prov,de a general d~rect~on for the Board and staff When negonatmg w~th prospects, a certam amounl of flcx,bd,ty should be allowed for making good business dec,stuns on prolects and c~reumstances that fall outside the Gutdeh.ea INTRODUCTION A Recipients of conunumty mcenlwes should be. but are not required to be. on the RVP's Tarect Indusu'v Lis~t B~olechnology 2 Cuslomcr support/Back office operation centers 3 Coq~oral¢ headquarters operatmns 4 D~stnbuoon 5 Informatmn tectmology 6 Manufaclunng 7 Recychng and products from recycled materials 8 Value added to agriculture 9 Technology Im'ansfer l0 Research & Developmcm Centers Nt)II 'I'HIbl)I)('t'xx, II~NI*ISItt)ItGI'II)I'I,INEI~trRP(ISE,q¢INI,'~. I'IIECITII'~S \NI) ~ }'1 I I I,.R EN I I I I I .'q Rl~.Sl ,R\ I.. I I II., RI(Il IT Tt I XN \1.'~ ZI'; PRe ISPEC I*', ( )N \ U.\SI..-I,3 - t \.~1. BASIS \ND \['I'IItIRIZI.' INCFN'I'IVEST(}TIII., I.;XTI.NT XI,I,¢IWI..D B~ I.A\5 EXHIBITA B Primary Commumty Incenlives Tax abatement tCttv ~Btn an. CiA t,fColleg¢, Station anti BAt:os Counn' onli I 2 Developed land 3 Perfo~'mance-based financ:al assistance re g. t ett~ibut ~¢ntelit/pa~.'rnent ofpertnanetit/bu~tl co~tv assoctaled ~t lib rt'locatloll/cgpdli~tolt } 4 Brokerage fees vail be paid to a broker that successfully completes a deal Iocaled tn either the Business Center at College Station or the Bryan Business Park {or any other publicly owned business parksl m ~xluch free or reduced land is offered by file community The fee shall be hmated to i'lve (5l percenl of the salue of the land based on the value used when modeling the econonuc and fiscal m~pact ora quahfymg project I11 QUALIFYING STATEMENTS A Community incentives, which includes all cash incentives, wdl be available to qualifying existing businesses and those recrulled from outside Brazos County Both existing and new bnsmesses must qualify for incentives based on camtal investment or ~ross vax, roll added in Brazos County. and a time reumrement for mamtauung a physical location and conducting business in Brazos County An existing bnsmess wluch meets the threshold nummum requirements for community incentives wall aulomallcally quab fy Ibr fue hex! h,gher level of incentives B Cash incentives will be requested from only one of the following combinations of ~undmg entlt,es unless extraordinary circumstances exist or in the case of incentive magmtode being so large as to necessitate consideration ora varmnce to this pan of the Gutdchnt. s Brazos County Incentive Fund Ooe City Brazos County One City and Brazos County C Requests for incentives for companies relocating from one city to another in Brazos County reqmres both city managers be notified prior to any meetings subsequent to initial interview D expansion or retention, the recipient of the incentives will be encouraged to use local providers of E Community incentives will not be offered to businesses Ihat would create product compettoon wlflm~ Brazos Cmmty where Brazos County is the primary sales territory F Community incentives will not be offered to retail business G All recipients or cor~mmmty incentives vail sign mutually agreed upon performance agreements and contracts prior to recewmg incentives, based on capital investment or gross payroll, in addmon to a requirement for the company Fo maintain a physical location and conduct business m Brazos County for a specified period off,me H An Econormc and Fiscal Impact Analys~s will be conducted for each applicant for commumty mcemives The conwaumty relum on investment (pav-bac,~) lime period proJected by the impact analysis v. dl, where possible, be seven years or less and anything longer will be approved on an exception bas~s Approval authorities may at their discretion reqmre shorter retom on investment time periods Addtoonally, projects should pmwde a 6 percent Internal Rate of Retorn to the commumty NtTI I: I III.", D()('UMI".N'I IS FOR ~.;UII~ELINI.; PURPt'_)SI:$ ONIA Till. CI'I'II..S 'XNI) ¢ ~ H II I' I.N ITl [I ', RI ..'41.;RVI.; I'til. RIGI IT '1'O .\N:\I 3 ZF I'R¢ )SPEC I'.',; ('IN ,\ CASI.-I~'~ - L \bi I: \'.1.', \ND \l,TIl¢~ltlZl:. INCI.:.NT]\'I.:g If)Till, E\TI..N I \1 I ~)¥VI..I~ A health and environmental risk assessment will be conducted for each appltcanl for communlly recent,yes as ,equested by the RVP Board or a funding entity J Conmmm~y Incentive Proposals shall be presented m a standm d format including all Galdehne Affe~ presentation of Community incetmxe Proposals to a prospect, the prospect will have a specified period of time m which t~ respond with acceptance, reJection, or suggested changes to the proposal When feasible, the lime period will be 30 days The proposal wdl become null and void If not acted upon by the prospect within the specified time period unless an extension of lime for good cause is gran~d by the RVP or appropriate funding ent~ The Board of Directors will consider the mimmum horn ly wage level and benefits when detemunmg incentives for companies IV DUE DILIGENCE A Due diligence will be required of each prospect for conunumty incenLlves as follows Business Plan to include, but not be ]ranted Io. Executive Sunmxary. company history, historical and pro forma financial mformat~on and company principal(s) resumes 2 Economic and Fiscal Impact Analys~s tCountv, clt~ amt school dtztt tcOa copy of which wdl be sent to the Board The Economic Impact Analysis may be waived where cumulatlxe cash flow outlays from the Development Fund are $100,000 or less .3 Health and enwronmental risk assessment at the request of the RVP Bom d and/or one or more of the funding entllleS 4 Statemenl~ or suitable evidence of credit worthiness 5 Conttact description 0 eal estale lease, pt,zhase, budd-lo-~ult, etc I 6 Execuus e Sumnmrv outhmng major faclors and impacts, both positive and negatix e. on the comi'numty with emphas~s on taxing authormes B Due &hgence packages will be reviewed and recommendations will be made ~ the appropriate decision-making authority following the process holed in V Section B, beJow V PROPOSAL PRESENTATION A Presentations to the appropriate approval authorities will be preceded by the following steps for each prospect seeking commnnlty Incentives Prolect introduction Descliption of company Olame tfpovvtble), pi oduct, capital investment, gross payroll, size of braiding, acreage, etc · Pro~'ress reoort and orehrmnarv oroposal Due diligence ~eport and prehnunary proposal for conunumty incentives 3 Final nrooosal and oresentatmn for decision Econon~c and F~scal impact Analysis, heallh and en~ ironmental risk assessment, further due diligence and final incentives proposal B No prospect report or proposal will be submitted to a decision-making autboray without being firsl reviewed and app~oxed by all preceding aulhont~es Proposals, impact analyses, and olher materials relaled to the decmon-makmg process will be delivered to the appropriate indlx ~duals at leasl two days p.m to the meeting at wfuch decisions are to be made regarding the proposal A typical prospect presentation and approval process will flow as follows 1 RVP Staff:to N(-~I'I. I I{IS I~i)CtlMF. NT1S FI)R GUII)I'~I.INE I'LrRI'C~SI'~SONI,\ TIIF CITIES ~ll III.R I',N ITl ILL":. I~ESER~ I.. TttI,. RI(;IITTO \N.\L~ ZI.. l~Rf ISI'I..('I'.~ fiN \ ~_A.'-iI..-B~ C \:~1. Il \SI~ .\NI t \I "1'1 IOR IZI-. I NCENTI\ I.,S '1'~ ) Tt IF I.~XTEN'I \LI,~ JWI.,D I.~ I. VI 2 RVP Execulive Comrmttee to 3 RVP BoardofD~rectors to 4 City Councd(s) and/or Comnussloners Court C Prior lo presenting the Board of Directors wllh a Conmmmty Incentive Proposal for appwva], an Executive Summary of such proposal in standardized format will be prepared and sent to Board members in the Board package p~ ~or to the Board meeting APPROVAL AUTHORITY A Aulhonty to approve projects for receipt ofcash from lite Brazos County [ncelmve Fund will be vested as follows I 2 3 4 Up to $10,000 RVP Presldenl/CEO and Chairman $10,001 through $25,000 RVP Execut~x e Cormmt~ee* $25,001 through $100,000 RVP Board Over $100,000 The appropriate city councd(s) and/or Corarmssloners' Cour~ Tax abatement and free or reduced cost land transactions can be approved only at th~s level The Bryan Business Council (BBC) must approve all t~ ansactmns pertaining to land ovnled by the BBC and the College Station City Council must approve all transactions pertalmng to land owned by the City of College Station * NOTE The E~ecuttve Committee ta atttllortztd, under circumstances lhev deem appropriate, to poll the Board on decisions b)'f~lx, ¢-nlad. or other written meam and to lecetve hard cop.*' vote Nt)'I'I. IIII~;I'~OCUMENI'ISI"OR(;Iql}I'.I.INEPURI~OSESONI,~ THECI'I'II,oS.\NI~ t I'l I II .R I'N'lTI I I,..'4 R I,.SI;R\ i.' I I I F. RIGHT '1 ¢ ~ ~N \l 3 ZE PRO~PEC'I .'4 ( IN \ CASI..-BY- ~. \bi.. B \~1'4 ~ND \UTIIORIZE INCI-.NTIVEST()TIII,. I, XTEN I' \l,I.OWI..D B~ I..\W. PRIMARY COMMUNITY INCENTIVES TAX ABATEMENT The following wtll be used as Gtttdeltnc~; for tax abatement YEAR CAPITAL INVESTMENT CAPITAL INVESTMENT CAPITAL INVESTMENT $2,000,000 to $4,000,000 $4,000 001 to $8,000,000 $8,000,001 + Ol OF Of GROSS PAYROLL GROSS PAYROLL GROSS PAYROLL $250,000 to $ 1,000,000 $1,000,001 to $2,500,000 $2,500,001 + I 70° o 70° ~ 700 o 2 50% 60°` ~ 70°` o 3 30% 50% 60°..0 4 20% 40% 50",'0 5 10% 30°'0 40°.'o 6 0% 20% 30% 7 0% 10% 20% 8 0% 0% 10% Requests for tax abatement wdl no~t be made to e~ther College Station Independent School D~smct or Bryan Independent School D~smct PERFORMANCE-BASED FINANCIAL ASSISTANCE AND LAND The following ~wll be osed as Gutdehnes for performance-based financml assistance' CAPITAL INVESTMENT CAPITAL INVESTMENT CAPITAL INVESTMENT ASSISTANCE $2,000 000 to $4,000,000 $4.000.001 to $8,000~000 $8,000,001+ CATEGORY or or or GROSS PAYROLL GROSS PAYROLL GROSS PAYROLL $250.000 to $1.000.000 $1,000.001 lo $2,500,000 $2,500,001 Performance Based $15,000 to $40.000 $40,001 to $65,000 $65,001 to negotiable Financial Assistance Acres of Land Up 1o three (3) Up to five (5} Negouab]e Nl~l I I'1 IlS Itf)('l.IM I:,NT IS I t)R GUII)I..I.INE I"I. TI~H'I ISF;S ~,INI,~ THI:. t,'l'l II,S AND i~l'lll.l', I,NTI'III.:-; RI~St~,R\tI:TIII,. RIGIIT'Ill \N,\I3ZI. I'R()SI'ECI'S()N ' ' ' \ £ .\SI..-I,~ -(' ~1 I~ \.'-:1'-, \NI~ \t'TII~tRIZI.' INCI. NTI\ Eh TOTIIE I..XTI:NT \I.I.t)WED B~ I \\x OTHER COMMUNITY INCENTIVES There can be other community incentives made avadable based on the nalt, re, needs, quality and magnitude oflhe prospect TEMPORARY SMALL BUSINESS PROGRAM The Board of Directors recommends adoption of a small business program for existing compames that don't meet the base requirements listed above. To quah£y for this program compames must meet the RVP's Targeted Industries requirements listed above and shall successfully complete the required due diligence process. Th,s temporary p~ogram shall run from January 1, 2003 through December 31, 2003 Th~s program will offer cash in-lieu of tax abatements for quahfylng compames and the maximum amount ofrehef offered will not exceed $15,000 Given the $15,000 maximum, the RVP's Executive Commfl~ee wdl approve or disapprove projects presented under this program The RVP Board of Directors has estabhshed a $75.000 annual cap for projects under this category Requests fbr funds abo~e this level will be approved by the Board of D~rectors Ntt'FI. I'IIISI}{)cLrMI"NTI"';FOI~'GUII'~I:I,INEI'URI~¢I,";ESONL'~ TIIECITII',SAND t :1 [11 R I.NTI'I I [:,", I~.I',,';I'.R\ I': l'l I1' RI(~[ t'l T() &N.\IA ZI:. PROSI~ECT."; (IN .\ (.'.\SI'~-B~ -C,\SI. I', x.~l'q \\Il} \l"l I I(_)RIZE INCt' N'I'I\'Iis TO TI IE IiX I I-,NT \1 SECTION II ECONOMIC DEVELOPMENT PROGRAM GUIDELINES FOR NON-INDUSTRIAL, NON-MANUFACTURING DEVELOPMENT Introduction 1. Recipients Recipients of commumty incentives must be on the City of Bryan and C~ty of College Station Target List: · Retail that: -meets the Primary CommRlllty Incentive Guidehnes thresholds, or -fills leakage gaps; or -is entertainment related: or -fulfills specific development goals established by the City · Tourism development · Commercial/Specmhzed development · Historical/Arts development · Redevelopment · Special district development 2. Primary Incentives Primary Incentives may include: · Public utdity infrastructure installation or reimbursement for · Pubhc road and drainage infrastructure installation or reimbursement for: other public improvements (ex: traffic signals, upgrade of sidewalks, enhanced landscaping, etc) · Waiver of municipal development fees and permits · One-stop, expedited municipal permitting N()'I'I, I'IIISIR)(I-IMI:.N'I'ISFORt,t'II)I.I,INI',I'URI)()SES()NI?~. 'I'IlECI'I'II:,S:\NI) ( )'1 H I I~' I.NTITI E":, RE~I .RVE 'l'l I1'. RI( :l I I' '1 ( ) \N '\13 ZI, I'I,I(-)SI'EC 1'.'4 ( )N .\ C \S E-II'~ -C \~1'. II ',',1.'-, \\l~ \I ,'1 ll()l,tlZI., IN1CI. NTI\ I .h'l(.)'l'lll.. I XTEN I' \I,I,OWI..I~ l:l~ I · Over s~zing infrastructure · Other incenUves tailored to specific needs may be available on a case-by-case basis N~ ;'1 }.. '1'I I1', DI)('L MENT IS 14 }R GUII41;I,INE PURI~(.),qI.,S ¢)N1,5. TIlE UI'FILS XNI) ~ ~ I I II .t~, I;N'I 1'1 I I.S R E.";I'~I~& Iq TI 11.. R IGI IT '10 \IX \1,5 ZE PRe )SI~I';C'I'.'.; (.)N \ C.\SI..-W~ -1 \SI' I' VqI', \*l~ \!rI'II¢}RIZI, 1Nt'l~.N'l'l\,I:h'IOTIIE EXTENT \I.I,OWEI) 115 I.\~X Performance Based Community Assistance/Incentives: Performance Based Community Assistance/Incentives may include any of the following incentives: · Tax abatement · Developed or raw land · Reimbursement for specified costs (example: demohtion costs) · Public Improvement Districts (Chapter 372 LGC), Municipal Management D~stncts {Chapter 375 LGC), Tax Increment Reinvestment Zones (Chapter 312 Tax Codeh and other special districts See attached table which outlines Recipient Qualifications for Incentives and Primary Community Incentives/Assistance that may be granted. QUALIFYING STATEMENTS Oualifvin~ Businesses Community incentives may be available to quali lying businesses. A business may qualify for IncentIves if the business creates new capital investment, gross payroll, sales tax, or is a redevelopment of an existing commercial development. A business may also quali fy for incentives if~t meets or exceeds established goals for special districts. Requests by existing local businesses that qualify for incentives will be given special consideration. Please see Primal., Communi~., Incentive Guidelines table. Performance Agreements All recipients of community Incentives will s~gn a performance agreement and any other contracts required by the applicable taxing entitles based on specific performance based criteria. Impact Analysis N(Jll, 'IqII'41)~)(_I. TMENI'ISF()I~ ' , ~, (,LIDl'.LINI~, LR OSl.~(.)Nl,', 'lHl..CITll'4%Nl) ( ) I'1 II R I.;Nq ITl I-:~ RI;~ER\ V, 'l'l IE RIGI IT T() .\NAL% ZI.. I~R()SI)I~C'I"~ ON .\ C \'41:-B~ -C \%i I~ \',lq '~ND \("l'l I()RIZE INIq-.N'['l\ Eb I'()TllE I..XTF, N'I' \l I,OWI.;l~ I~'~ I,\W. An economic and fiscal impact analys~s will be conducted for each applicant for community incentives. The community pay-back period projected by the impact analys~s will, in most cases, be less than two (2) years, unless otherwise authorized by the respective City Council. Expiration of Incentive Offer The prospect must respond to the written proposal within 60 days from the date of receipt of the proposal. The prospect may accept, reject or request changes to the proposal. The proposal will become null and void if no written response is submitted within the specified t~me period. The prospect may request an extension of time before the deadline. DUE DILIGENCE & PROPOSAL PRESENTATION In order to meet the due dihgence requirement, the following information must be provided: · Company information, prior projects, and company principal(s) · Financial information or financial guarantee · Fiscal and economic impact analys~s (City) · Contract description/copy, ~fapphcable (real estate lease, purchase, build-to-suit, banking and financial arrangements, etc.) · Incentives Apphcation · Project summary document including: Project infosmation, developer request and proposed c~ty incentives, policy objective, company contributions. applicable attachments · Corporate status PROPOSAL PRESENTATION No prospect report or proposal will be submitted to the City Council without being first reviewed by the Bryan Business Council or College Station economic development orgamzation/corporation, if apphcable. Proposals. Impact analyses, and other materials related to the decision-making process will be dehvered to the appropriate ind~viduals at least five days prior to the meeting at which decisions are to be made regarding the proposal. A typical prospect presentation and approval process will flow as follows: %~)'11. IIII~L)OCUMI',NI'ISI'OI(~;LII~I:.I,INI.,I'URI'()$I:'~()NI.~. I'III':CII'IES ~NI) ( )TI I I',P, I..NTITI I-?'; RI':SI.:I,T\ E I'1 [1' RI( 11 Iq T( ) \N \1 A ZI': PR()SPEC I'b CJN .'\ C.\S['-B~ ~.' \'~1, i; ~.~I~ AND ~,1, '1 ItOI{IZE INCI'.N'I'I\'I.:'~ '10 TI I['~ EXTI.,NT AI,I.OWI',I~ B~' [, \W. College Station: 1. C~ty of College Station staff, to... 2. College Station Economic Development Board/Corporation, if apphcable. to... 3. College Station C~ty Council Bryan: 1. C~ty of Bryan Staff, to... 2. Bryan Business Council, if applicable, to... 3. Bryan C~ty Council APPROVAL AUTHORITY Authority to approve projects for recetpt of C~ty community incentives will be vested as follows: · Cost up to City Council authorized city manager expenditure limits - City Manager · Cost over City Council authorized city manager expenditure limits - The City Council The Bryan City Council or College Station City Council, as applicable, must approve all transactions pertaining to land and tax abatement. The City Councils may receive advisory recormnendations from the Bryan Business Council or the College Stauon economic development board/organization, as applicable. The Bryan Bus~ness Council may expend ~ts funds and provide incentives as determined by the Board. TRACKING Comphance w~th Performance Agreement Provisions will be tracked as follows applicable): Capital Investment: Proof of capital investment may be required in one or all of the following ways: N{~I I:. I'HI.'q I)¢)CUMI".NT IS I-()R GI;II)EI,IN[.; PUIt, l'(k'.il.;,q ONL'~. '1 III,; ¢'1'111;S AND I }'l I II:Il I'N'ITI I I:.'q I~,VSI:RVE 1 I II.. RIGHT 'l'l) AN.\I.\ ZF. I'RO,'qI'EC 1'._'3 I[ \.ql'4 \ND \I:TI IDRIZI'; INCI:N I'lVl.h 'l'l ) I'1 II,. EXTI.;NT AI.I.OWED Bh I.\~\ Annual Payroll: Sales Tax: - Appraisal District certifications will be reviewed by the c~ty staff: Certification levels should be approximately 80% or greater of projected capital investment; and/or - Certification of capital investment by the company's Certified Pubhc Accountant: and/or - Certificauon by project engineer and proof of payments for construction, infrastructure, landscaping, etc. Texas Workforce Commission reports will be utilized by mty staff to determine employment compl,ance. Economic Development Agreements may include a provision reqmring recipients of incentives to provide an annual certtficatton of sales tax or such reports may be made available through the State Comptroller's Office. DEFAULT Sufficient controls will be estabhshed m Economic Development Agreements to protect the City in its investment. In event of default, the City will enforce its Economtc Development Agreements. Where feasible, tncentives will not be paid until a Certificate of Occupancy has been ~ssued. Nt)ll' IIII",I~I)Ct~MENTISI:¢)R(;UIIII..IJNEF'URI~¢~SFS¢INI.5. I'II[:CII'IES \ND Irl'l Il'Il FNTITI I'?q RI'.SI;RVE TI IE RI( ;H'I"I'O AN \l?t ZE PI>,(ISPI~.CT.',; tiN ,\ U \SI;-II~ -C V-,I. P. 5hl~ \\ D ,\t rl'l tORIZI.. I NCENTI\ ES '1'¢) TI IE EXTENT ALI,OWEI) II'~ I.\~A,. PRIMARY COMMUNITY INCENTIVES GUIDELINES The following will be used as Gutdelines for incentives: Threshold Other Incentives Primary Incentive: Annual Capital Annual Reimburse- Tax Land See Local Sales Investment Payroll merit for Abatement Intro.- Tax OR Specified Schedule- Section 2 Generation Costs Maximum OR Considered Redevelop- $250,000 $75.000 Negotiable Considered N/A Tailored ment to to to Projec! Projects $1.000,000 $250,000 Only $50,000 $1.000,001 $250,001 Up to Considered N/A Tailored to to to $ ! 5,000 to P'rojecl ~ 150,000 $2,000,000 $1,000,000 $150,001 $2,000,001 $250,000 $15,001 - Considered Considered Tailored to to to $40,000 to Projecl $300,000 $3,500,000 $1,000,000 $300.001 $3,500,001 $ 1,000,001 $40,001 - Considered Considered Tailored to to to $65,000 to Projec~ $400,000 $5,000,000 $2,500,000 Over Over Over Negotiable Considered Considered Tailored $400,000 $5,000.001 $2,500,000 to Projecl Note' Requests for tax abatement will not be made to the Bryan Independent School D~stnct or the College Station Independent School DIstrict. Note: Financial assistance for projects located m special and overlay d~stncts will be considered on an mdlwdual basis with emphas~s placed on District goals. N¢I'I'I.. I'tlI.":I~¢K'ItMI';NTI.qI:~)I',~.t'II'H.I.INEI~UI(I~¢ISI:S¢It',.I.'~. TIII';CITIES \NI) ~'1 ! '1 I,~ FNTIq'I I.:.'-, Itl. S F II. VI,, I'1 Il.: RI( il t'1' '1'~ I iN \I 3 ZE PR(IS I'EU'I'S I' IN \ l' \SI ,- IP~ 4' V',I. \.'-:Is \NI~ \lt'l I1~ IRIZI.. I'XlCI. NTTIVt-.'4 '1'O TI I1: I,X I I,N'I ,\11 I I~.\ I.,D I'¥~ I.,\~,\