ORDER NO. 30983
JOINT RESOLUTION OF CITY OF KERRVILLE, CITY OF INGRAM AND KERB
COUNTY FOR APPROVAL AND ADOPTION OF ECONOMIC DEVELOPMENT
INCENTIVE POLICY
Came to be heard this the 8th day of September, 2008, with a motion made by
Commissioner Williams, seconded by Commissioner Letz. The Court unanimously
approved by a vote of 4-0-0 to:
Approve the Joint Resolution of City of Kerrville, City of Ingram, and Kerr County in
approval and adoption of Economic Development Incentive Policy as proposed, and
authorize County Judge to sign same.
~ ~~ 3 0~~3
COMMISSIONERS' COURT AGENDA REQUEST
PLEASE FURNISH ONE ORIGINAL AND TEN (10) COPIES OF THIS
REQUEST AND DOCUMENTS TO BE REVIEWED BY THE COURT
MADE BY: Judge Tinley OFFICE: County Judge f
MEETING DATE: September 8, 2008 TIME PREFERRED:
SUBJECT: Consider, discuss and take appropriate action on requested Joint Resolution
of City of Kerrville, City of Ingram and Kerr County in approval and adoption of
Economic Development Incentive Policy.
EXECUTIVE SESSION REQUESTED: (PLEASE STATE REASON)
NAME OF PERSON ADDRESSING THE COURT: Judge Tinley
ESTIMATED LENGTH OF PRESENTATION:
IF PERSONNEL MATTER -NAME OF EMPLOYEE:
Time for submitting this request for Court to assure that the matter is posted in
accordance with Title 5, Chapter 551 and 552, Government Code, is as follows:
Meeting scheduled for Mondays:
THIS REQUEST RECEIVED BY:
THIS RQUEST RECEIVED ON:
5:00 PM previous Tuesday
@ .M.
All Agenda Requests will be screened by the County Judge's Office to determine if adequate
information has been prepared for the Court's formal consideration and action at time of Court
Meetings. Your cooperation will be appreciated and contribute towards your request being
addressed at the earliest opportunity. See Agenda Request Rules Adopted by Commissioners'
Court.
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City of Kerrville, City of Ingram
and Kerr County
Economic Development
Incentive Policy
August 8, 2008
(draft)
TABLE OF CONTENTS
GENERAL POLICY STATEMENT ..........................................................3
SPECIFIC TOOLS
Local, State, Federal Incentive Tools .............................................7
Performance Criteria and
Clawback ................................................................................. 9
TAX ABATEMENT SECTION
Schedule ................................................................................10
Examples ...............................................................................12
PROCESS
Initial Response Team ...............................................................16
ROLES ............................................................................................17
DELIVERABLES ...............................................................................18
APPLICATION ..................................................................................19
CONTACT INFORMATION ..................................................................21
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The City of Kerrville, City of Ingram, and Kerr County have joined together with
their economic partners to provide a cohesive, consistent, and coordinated
regional approach to economic development while ensuring the public a
justifiable investment in private projects. Kerrville/Kerr County is blessed with an
unusually high number of unique assets. Our community has an excellent
reputation in Texas, and growing recognition through out the US and
internationally. The Kerrville area and surrounding communities have economic
base more stable than most. The community is primed to support economic
development. The existing quality of life makes Kerrville a great place to live and
work.
Economic development is defined as the public resources for private projects
implemented for the benefit of the public good. The purpose of these policies is
intended to provide a frame work for economic development in the Kerrville, Kerr
County area. Stakeholders will be identified, and roles will be acknowledged
based on each entity's ability to use certain tools outlined by state law. The key
purpose is to encourage growth and development in targeted industries.
In February 2008 the Kerrville City Council and the Kerr County Commissioners
adopted an economic development strategic plan produced by TXP, Inc. One of
the recommendations from the plan was to organize a committee to develop an
incentive policy. The committee will consist of nine members including the
following positions:
Kerr County Judge, City of Kerrville City Manager, City of Ingram Mayor,
President -Chamber of Commerce, President -Kerr Economic Development
Foundation, President - Economic Improvement Corporation, and three
community representatives. The committee will meet to discuss, evaluate, and
recommend public participation in private sector business recruitment and
existing business expansions. This policy will be reviewed on an annual basis.
Objectives for creating the policy for incentives are:
• To sustain the local economy
• Strengthen the tax base
• Match specific incentives to the benefit
• Publicly justify the incentive, and
• Develop anon-competitive economic strategy with governmental entities
The priorities and strategies set forth in the plan include business attraction and
business retention and expansion concentrating on target market development to
provide a sustainable tax base. Equally as important is a strong workforce
development effort ensuring adequate infrastructure to retain quality of life while
currently attracting a growing retirement sector and tourism industry.
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Also, attention to revitalization and redevelopment of downtown Kerrville is a
great priority through the promotion of historic preservation while heightening
tourism initiatives in concert with following positive land use management
practices. And finally, the plan maintains that a priority be given to unified tactics
for marketing, education, and information.
Procedure
The City of Kerrville and/or Kerr Economic Development Foundation will accept
applications for projects at any time. Applications will not be considered until
complete. Applicants must be available to present projects to the full
membership of the Incentives Committee or a designated sub-committee of the
Incentive Committee or both. Applicants may be businesses currently located in
the City of Kerrville or Kerr County. Each project must be in compliance with
legal requirements. If the project is within the city limits of Kerrville, said project
should be consistent with the Comprehensive Plan, Capital Improvement Plan,
Airport Master Plan, and Parks Master Plan. All projects will be required to
provide an economic impact analysis including a return on investment
calculation, job creation impact analysis, and tax base adjustments. If an
applicant cannot make an economic development argument aligning with one or
more of the above mentioned priorities or strategies, the applicant need not apply
as the project will not be processed. It's not the intent of this policy to consider a
project that is already underway, as originally planned, when application is
received.
Scoring of projects
Each project will be scored on a case by case basis considering added value
and/or jobs created. Scoring weights for capital investment will be a maximum of
50% of the total score. Wage and workforce will have a combined score
maximum of 50% of the total score. Large projects presented beyond the
maximums published may be reviewed for additional consideration. Eligible
projects may be granted an incentive (s):
• A project is considered to be a target industry type if it fits within the
Economic Development Strategic Plan as approved by Kerrville City
Council and Kerr County Commissioners in February 2008, and shall be
eligible for an incentive only upon a finding by the Incentive Committee
that the project will make a unique contribution to the economy,
development, redevelopment, tourism or employment opportunities.
Targeted Sectors for Recruitment/Retention+
Professional Corporate/management, aircraft
Legacy Production Aircraft-related, jewelry-related, plastics, specialty
food processing
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Tourism-related High-end lodging, destination retail, entertainment,
recreational sports facilities
Advanced Building Water/wastewater, materials/energy systems
Practices
Life Science Physicians/nursing, laboratory-based testing, local
population based research
+TXP, Inc. report 2008
• For new facilities and for expansion or modernization of existing facilities.
(The economic life of a facility, and/or eligible property must exceed the
duration of the incentive return on investment.)
• In order to be considered for an incentive, the following criteria apply:
1. Tax Abatement applicants: An application for eligible facilities
located in an area designated for properly tax abatement and
resulting in a minimum added value of $500,000 in real and
business personal property (excluding inventory and supplies).
2. Enterprise Zone, a zone not more than a 10 square mile area in
distress of high unemployment, deteriorating buildings, substantial
loss of businesses or jobs: Eligible facilities located in the Kerrville
Enterprise Zone resulting in a minimum added value of $100,000 in
real and business property (excluding inventory and supplies).
3. Main Street District: Eligible facilities located in downtown Kerrville
resulting in a minimum added value of $50,000 in real and business
personal property (excluding inventory and supplies).
4. Airport Development Area: Eligible facilities located within the
aviation and non-aviation areas of the Kerrville -Kerr County
Municipal Airport resulting in a minimum added value of $300,000
in real and business personal property including inventory.
Suggested Scoring Formula -Maximum score of 30 points
One point is scored for each $200,000 increase in value in real and personal
business or commercial property included in project (rounded to nearest
$100,000). Total scoring of 30 points with a maximum 15 points for capital.
One point is scored for each ten permanent full-time qualified employees
compensated 50% or more of the difference between local and State of Texas
most recent published covered wage hired within twelve months of project
completion. Qualified employees are those receiving access to benefits via the
employer, i.e. medical, vacation, etc. and work not less than 2000 hours per year.
For business expansions where additional jobs are created at an existing
business, points may be awarded for new employees from one point up to a
maximum of 10 points.
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One point is scored for each $25,000 invested by the company in work force
training within the first twelve months of the project. Up to a maximum of 5 points
"' can be earned.
The total point value will be tallied for each application. In order for a project to
be considered, a minimum of 10 points must be scored. Applications scoring 10
points or above will be evaluated and processed for a recommendation.
Applications scoring less than 10 points will be returned to the applicant with an
explanation of deficiencies. Tax abatement schedules are as follows:
• Business expansions: 11-15 points scored qualifies for 5 year abated
schedule; 16-30 points scored qualifies for 7 year abated schedule
• New businesses: 11-18 points scored qualifies for 5 year abated schedule;
19-24 points scored qualifies for 7 year abated schedule; 25-30 points
maximum schedule (see examples)
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Incentive Tools
Local
Tax abatements Property tax abated for a set period of years
depending on reinvestment zone location
of project and associated thresholds
4B Sales Tax for 1. Business development for expansions or
Economic Development relocations for building assistance, workforce
development, job training, relocation
expenses.
2. Infrastructure partnerships agreement to
share infrastructure costs as utilities,
street development.
Lease abatements Publicly owned building or ground lease relief
on the front end of an expansion.
Land exchange Publicly owned property used in partnership
with developer in exchange for economic
impact to tax, property values.
Low Interest Loan Pools Partnering with local financial institutions for
lower interest rates for improvements or start-
ups (KMS district established in 1995).
Hotel/Motel Tax Use for lawful economic development activities
within the HOT categories of tourism.
Residential Development" Property set asides for workforce housing
programs in return for infrastructure
improvements.
Workforce Housing Projects Per unit grant or credit for new construction or
rehabilitation of existing structures.
Waiver of fees Relief from building, tap, recovery, etc. fees to
lessen upfront expenses.
State
Tax Increment Financing* Finance infrastructure improvements repaid by
future tax revenues, freezes tax value, utilizes
incremental future value to fund improvements.
Section 380 grants Sales tax rebate to relocating or expanding
business based on increase sales tax base
with a net growth impact.
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Freeport Exemption Allows property tax exemptions for goods for
175 days or less (Adopted March 1990).
Public Improvement District* Partnership with developer for infrastructure
improvements with an assessment return.
Texas Capital Fund Grant* 1. Infrastructure Funds up to $750k for a
specific infrastructure project
2. Real Estate Up to $750k for acquisition,
construction or rehabilitation of property for
business development
3. Main Street Funds up to $150k for Main
Street district infrastructure improvements
Go Texan* Dollar for dollar matching fund for small
business with Texas agriculture products
Texas Enterprise Fund* Funds from the Governor's Office for Economic
Development for out of state business
development
Texas Leverage Fund* Loans to businesses using 4B sales tax funds
Linked Deposit Program* Loans to historically utilized businesses in an
enterprise zone
Texas IRB program* Industrial revenue bond program providing
taxable and non-taxable bond financing for
land for industrial or manufacturing projects
Texas Enterprise Zone* A designated area representing a 20% or
higher poverty rate eligible for economic
development activities; area must be approved
by the State
Federal
Foreign Trade Zone** Designated area to assist international trade
related activities whereby duty payment is
deferred.
* Program requires appropriate local legislation within State of Texas guidelines
**Requires approval at the federal level
^ Developments not in the workforce housing category
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Clawbacks and Performance criteria
Each project applicant should anticipate certain clawback provisions in a funding
agreement between the applicant, the City of Kerrville and/or Kerr County
depending on the level of participation of the public funding. Determined on a
case by case basis, projects will be evaluated on property value increases and
jobs created above the current average wage. A timeline of performance criteria
will be agreed upon whereby a claw back will be charged to the applicant if
performance measures are not met. An industry standard return on investment
to the City of Kerrville and Kerr County is expected in five to seven years. Again,
each project must be in compliance with legal requirements.
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PROPERTY TAX ABATEMENT SCHEDULE
FOR KERRVILLE/KERR COUNTY
Tax abatement shall be authorized for industrial facilities and commercial
facilities. All other types of facilities shall be ineligible. Abatement shall extend to
the value of buildings structures, fixed machinery and equipment, site
improvements plus office space and related fixed improvements necessary to the
operation and administration of the facility. However, land, inventories, supplies,
tools, furnishings and other forms of movable personal property shall be
ineligible. Abatement incentives in most cases will not exceed seven years.
Eligibility requirements for tax abatements have a minimum capital investment of
$500,000.00 for expansion/retention of existing businesses and a minimum of
$750,000.00 for new business development. The Economic Development
Strategic Incentive Committee has the authority to review all incentive
applications and modify incentives at their discretion. All eligible applications will
be reviewed by the committee with either a recommendation for business
incentives to economic partners or comments on why the application did not
apply. Scoring weights for capital investment will be a maximum of 50% of the
total score. Wage and workforce will have a combined score maximum of 50% of
the total score.
Expansion of Existing Businesses
• Minimum capital investment to apply $ 500,000.00 (Existing businesses
may receive up to 10 points in scoring system for minimum capital
investment for expansion of business)
Maximum incentive from tax abatement requires a capital investment of
$ 3,000,000.00. Maximum capital investment score of 15 points.
Maximum Capital Investment % of Abatement Year of Abatement
$ 3,000,000.00 50%	1-2
40%	3-4
30%	5
20%	6
10%	7
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New Business Development
• Minimum capital investment to apply $ 750,000.00
Maximum incentive from tax abatement requires a capital investment of $ 3,250,000.00
Maximum capital investment score of 15 points..
Maximum Capital Investment % of Abatement	Year of
Abatement	
$ 3,250,000.00 50%	1-2
40%	3-4
30%	5
20%	6
10%	7
2007 Tax rate per $ 100.00 valuation
• .5500 City of Kerrville
• .3896 Kerr County
• .3285 City of Ingram
• K.I.S.D. (not applicable)
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Tax Abatement example for an expansion/retention of existing business
Business data on current status of existing business in Kerrville includes the following:
1. Business owners own 4 acres of land and current facility is 7,500 square ft.
2. Company employs 15 with an average employee wage of $ 12.00 per hour or a
annual salary of $ 25,000.00.
3. Company offers medical coverage to employees
The XYZ Company has requested for tax abatements to expand their company in the
Kerrville/Kerr County community. XYZ has completed the application for economic
incentives and provided the following expansion plans for scoring their request.
1. Company wants to expand current site with an additional 12,500 sq. ft. building.
2. Company will add an additional 20 employees to business with an increase of
wages to all employees of $ 14.00 per hour or an annual salary of $ 29,120.00.
3. Company offers medical coverage to all employees.
4. If company can expand operation in Kerrville one potential supplier company may
relocate to the Kerrville/Kerr County community.
5. XYZ Company will invest $ 25,000.00 for workforce training for employees.
Review of Expansion of XYZ Company and potential tax abatement incentives offered to
company
12,500 sq. ft (built on assumption $ 125.00 per sq. ft.) $ 1,562,500.00
Additional Payroll to local economy $ 582,400
Employee Health Insurance provided by company
Economic Incentive Committee would then evaluate and use the suggested scoring formula
to grade and make recommendations for this project. This project would be scored as the
following:
XYZ Company Expansion Project Incentive Score
Capital Investment and new improvements
(12,500 sq. ft.) $ 1,562,500.00 12 pts
New jobs created (20) average annual salary of $ 29,120.00; benefits include
Medical coverage for all employees. Company invests $ 25,000.00 dollars for
workforce development. 3 pt
Other project considerations (potential attraction of Supplier Company);
Incentive committee could recommend to ABC that abatement may be
reviewed depending on economic impact of potential supplier company
for community.
Total Points Scored for abatement incentive 15 pts
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Incentive committee could make the following recommendation for the XYZ
Expansion Project.
Capital Investment Pts. Scored
of Abatement
Year of Abatement
15
40%
30%
20%
10%
Total Tax Created by Business Expansion Annually
City of Kerrville $ 8,594.00
Kerr County $ 6,088.00
1-2
3
4
5
City of Kerrville Tax Abatement incentive for XYZ Company Expansion
Year 1 2 3 4 5
3,427 3,427 2,578 1,719 860
Total new tax revenue created $ 42,970.00
Abatement Incentive (5 years) $ 12,011.00
City of Kerrville new tax revenue $ 30,959.00
Kerr County Tax Abatement incentive for XYZ Company Expansion
Year 1 2 3 4 5
2,435 2,435 1,826 1,218 609
Total new tax revenue created $ 30,438.00
Abatement Incentive $ 8,523.00
Kerr County new tax revenue $ 21,915.00
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Tax abatement example for a new business development
~"'` The Icabad Crane Company has requested tax abatements to develop their new retail
location in the Kerrville/Kerr County community. Crane has completed the application for
economic incentives and has provided the following business data for scoring their
incentive request.
1. Company has acquired 35 acres at intersection two major highways with high
volume traffic count per day. Company purchased Agriculture exempt property for $
2 million dollars for new development.
2. Crane Company store will be 95,000 sq. ft. which the company has secured
construction cost for $ 40.00 per sq. ft.
3. Company will employ a total of 120 employees; five percent or 6 employees will be
management and have annual salary of $ 50,000.00; 40 percent of 46 employees
will be full time with an average wage of $ 10.00 per hour or $ 21,000.00 annually
however, company does provide medical coverage to full time employees; 68 part
time employees with average wage of $ 10.00 per hour.
4. Crane Company wants to be involved in community activities with economic
partners.
New Business Development for Crane Company and potential tax abatement incentives
offered to company.
95,000 sq. ft. (built at $ 40.00 per sq. ft.) $ 3,800,000.00
Additional Full time payroll to local economy $ 1,266,000.00;
FT employees received health insurance coverage
Economic Incentive Committee would then evaluate and used the suggested scoring
formula to grade and make recommendations for this project. This project would be scored
as the following:
Crane Companv Business Development Incentive Score
Capital Investment $ 3,800,000.00 15
New jobs created 120; only 5 % of jobs have higher wage and
Company benefits, 40% of jobs are full time with health insurance
Coverage with a total salary package that meets the current min. wages
In Kerrville/Kerr County; addition of 68 part time jobs with no benefits
Total Points scored for abatement incentive 15 pts.
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Incentive committee could make the following recommendation for the Crane Company
Business Development.
Capital Investment Pts. Scored
of Abatement
Year of Abatement
15
40%
30%
20%
10%
Total Tax Created by new business development annually
City of Kerrville $ 20,900
Kerr County $ 14,805
1-2
3
4
5
City of Kerrville tax abatement incentive for Crane Company Business Development
Year 1 2 3 4 5
8,360 8,360 6,270 4,180 2,090
Total new tax revenue created $ 104,500.00
Abatement Incentive (5 years) $ 29,260.00
City of Kerrville new tax revenue $ 75,240.00
Kerr County Tax Abatement incentive for Crane Company Business Development
Year 1 2 3 4 5
5,922 5,922 4,442 2,961 1,481
Total new tax revenue created $ 74,025.00
Abatement Incentive $ 20,728.00
Kerr County new tax revenue $ 53,297.00
Incentive Committee makes recommendation to appropriate governmental body.
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Initial Response Team Evaluation
Members of the Incentive Committee will serve on Initial Response Teams within
the committee to evaluate projects and make recommendations to the
Committee. Ultimately, a final recommendation will be made to the Kerrville City
Council, Ingram City Council and/or the Kerr County Commissioners. The
Teams will be positioned according to the geographic location of the project.
Some team members may serve on more than one team. Suggested positions
are as follows:
• Citywide reinvestment zone: City Manager, KEDF President, KACOC
President, Community Representative 1, EIC President
• Kerrville enterprise zone: City Manager, KEDF President, Community
Representative 2, EIC President
• Main Street District: City Manager, KEDF President, KACOC President,
Community Representative 3
• Airport area: County Judge, Community Representative 1
• Kerr County: County Judge, Community Representative 2
• City of Ingram: Mayor of Ingram, Community Representative 3
A realistic time line for evaluation and processing will be shared with each
applicant. To that end, the process would be:
1. Application is received by KEDF or BP of COK and forwarded to
2. Initial Response Team assigned, who will then
3. Make a recommendation to the Incentive Committee, who will
4. Make a recommendation to the appropriate approving entities
The applicant will be contacted:
• for additional information if an application is deemed eligible, but
more information is needed, or
• if application is complete and eligible for consideration or
• if the application is ineligible
Applicable incentive tools will be determined for each project, whether new or
existing, during the evaluation process containing the required documentation
from the applicant. (ROI, cost/benefit analysis, opportunity cost analysis).
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Roles
Community Representatives serving on the Incentive Committee have a role of
~"" providing guidance for decision making concerning projects presented for
consideration.
Kerrville Area Chamber of Commerce - Is to have input for policy decisions
affecting the business community and the protection and cultivation of business
base by growing their membership.
Kerr Economic Development Foundation - Is to market the Kerrville area as a
business friendly community encouraging existing business growth and
facilitating new business opportunities.
Kerrville Convention and Visitors Bureau - Is to promote tourism activities to
enhance the hotel occupancy tax revenues while creating a repeat destination
experience for the traveling population.
City of Kerrville -Facilitate policy making activities; carry out development
packaging initiatives for the City of Kerrville in cooperation with industry partners,
local economic developments partners, and business community. Additionally,
manage the tax base through realistic methodology of determining a positive
return on investment of resource.
Kerr County -Kerr County Commissioners' role is to consider and act upon
recommendations from the Incentive Committee.
City of Kerrville - City Council's role is to consider and act upon
recommendations from the Incentive Committee.
City of Ingram -Ingram City Council's role is to consider and act upon
recommendations from the Incentive Committee.
Economic Improvement Corporation -role is to hear presentations and act upon
recommendations from the IRT and Incentive Committee.
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Deliverables
Members of the Incentives Committee agree to have open communication with
each other concerning every project or potential project under consideration in
confidence. IRTs will follow in the same commitment ensuring consistencies in
all discussions. Collectively, the Committee evaluates the process on an annual
basis during a scheduled meeting of the entire group. The IRTs will meet only
when a project is presented specifically for the assigned team and make a
recommendation to the Incentive Committee within 15 working days of receipt of
the application. The Incentive Committee will meet quarterly and when called
together by an IRT.
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Application
Section I -Contact Information
Date
Company Name
Contact
Address
Telephone (0) Cell
Fax E-mail
Website
Section II -Business Profile
Nature of business
New business or expansion of existing business,
Years in Business Current number of employees FT PT
Annual payroll,
Current square footage occupied
Desired square footage occupied
Taxing entities (check applicable)
Kerr County City of Kerrville
City of Ingram
Kerrville ISD Ingram ISD Center Point ISD
Financial Information: Five Years Annual Financials Attached
Include: Statement of profit and loss; Balance sheet; Cash
Flow Statement; IRS reporting forms, proforma
Has the Company applied for any State or Federal assistance on this project?
No Yes If yes, please describe.
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Section III -Project Description
Expansion of existing business or new construction
Project details including building size, materials, infrastructure needs, utilities,
etc. Detail parking needs, technology infrastructure, anticipated construction
costs and time line. Attach additional sheet if necessary
Current inventory value,
Projected value w/i year 1 year 3
Section IV -- Employees
Anticipated number of new employees
Median annual salary for new employees'
Average wage for employees: Management Non-supervisory
Description of benefits offered
Number of Full time Part time employees
Anticipated number of new employees moving to Kerr County,
New employees within 12 months of project completion within 24 months
of project completion
$ $
FTE X Avg. Wage X 40 hrs X 52 wks PTE X Avg. Wage X 20 hrs X 52 wks
For additional information visit www.kerredf.org or www.kerrville.org or
call 830.792.8343 or 830.896.1157
+++++++++++++
Internal Routing
Date received by
Initial Response Team assignment
Application distribution date
IRT Review meeting date
Recommendati
Consideration schedule COK KC
year 5
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COI
Contact Information
City of Kerrville
800 Junction Highway
Kerrville, Texas 78028
830. 257.8000
www.kerrville.orq
Kerr Economic Development Foundation
1700 Sidney Baker
Kerrville, Texas 78028
830.896.1157
www.kerredf.org
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~, #30983
A JOINT RESOLUTION BY AND BETWEEN THE CITY COUNCIL OF
THE CITY OF KERRVILLE, THE CITY COUNCIL OF THE CITY OF
INGRAM AND THE KERR COUNTY COMMISSIONERS COURT
ADOPTING AN ECONOMIC DEVELOPMENT INCENTIVE POLICY
WHEREAS, pursuant to a Joint Resolution dated June 27, 2006, Kerr County and the
City of Kerrville established a cooperative and inclusive process for the creation of an Economic
Development Incentive Strategy; and
WHEREAS, pursuant to a Joint Resolution dated February 12, 2008, Kerr County and
the City of Kerrville approved and adopted the Kerrville/Kerr County Economic Development
Strategic Plan; and
WHEREAS, the February 12, 2008, Joint Resolution also established an Economic
Development Incentives Committee, charging the Committee to "explore, develop, and
recommend economic incentives policies both generally and on a case-by-case basis"; and
WHEREAS, the Economic Development Incentives Committee, after careful and
deliberate consideration, review of the recommendations of the Kerrville/Kerr County Economic
Development Strategic Plan and the policies employed by other local governments in the State of
Texas, has recommended a City of Kerrville, City of Ingram and Kerr County Economic
Development Incentive Policy, such Incentive Policy being attached hereto as Exhibit "A"; and
WHEREAS, the objectives of the recommended Incentive Policy are to sustain the local
economy, strengthen the tax base, match specific incentives to the benefit, publicly justify
incentives, and develop anon-competitive economic strategy with governmental entities; and
WHEREAS, the City Council of the City of Kerrville, the City Council of the City of
Ingram and the Commissioners Court of Kerr County find it in the public interest to approve this
Joint Resolution and by such approval approve and adopt such City of Kerrville, City of Ingram
and Kerr County Economic Development Incentive Policy;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF KERRVILLE, TEXAS, THE CITY COUNCIL OF THE CITY OF INGRAM,
TEXAS, AND THE COMMISSIONERS COURT OF KERR COUNTY, TEXAS:
The City of Kerrville, the City of Ingram and Kerr County hereby jointly approve and
adopt such City of Kerrville, City of Ingram and Kerr County Economic Development Incentive
Policy.
~,~I , P SS ~ D AND APPROVED BY THE CITY OF KERRVILLE, on this the
f day of , A.D., 2008.
od A. Bock, Mayor
ATTEST:
Brenda G. Craig, Ci Secretar
APPROVED AS TO FORM:
r'
l~
r-
~. pi
Michael C. Hayes, City Attorney
PASSED AND APPROVED BY THE COMMISSIONERS COURT OF KERR
COUNTY, TEXAS, on this the ~~ day of ~ Jo-~„~i/ , A.D., 2008.
__.Pa ey, oun y Judge \
ATTEST: ~"~
~~
Jannett Pieper, County Clerk
APPROVED AS TO FORM:
Rex merlon, ounty Attorney
gar PASSED AND APPROVED BY THE CITY OF INGRAM, TEXAS, on this the
day of ,~~'~"~--~ , A.D., 2008.
oward Jacl s ,Mayor
ATTEST:

APPROVED AST FORM:
Danny Ed rds, City Attorney
h~\legal\council\res\eco dev policy-cok-kert co-coi 082608.doc
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