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The City of College Station adopted an Economic Development Master Plan in 2012 with the purpose of maximizing the economic opportunities of its residents, ensuring that opportunities for economic prosperity remain strong, and ensuring that the quality of life remains high and one of its greatest competitive assets.

Stated Master Plan goal– The City seeks a diversified economy generating quality, stable, full-time jobs; bolstering the sales and property tax base; and contributing to a high quality of life. To put it simply, the City seeks to attain economic success by doing its part to keep College Station a great place to live and conduct business, to focus on new job creation, especially through partnerships with our major medical providers and the University, and to attract as many people to our community as possible to bolster sales in our local market. To achieve this, the City has defined six strategic initiatives for continued economic success:

  1. Sustain and Enhance High Quality of Life – A great place to live, conduct business, learn, and visit will help the University and businesses recruit and retain a leading workforce and enable increased sales opportunities as people from throughout the region and nation visit College Station to shop, participate in events, or seek specialized services and unique experiences.
     
  2. Support and Partner with Texas A&M University and the Texas A&M University System – The local economy is what it is, due primarily, to the presence of Texas A&M University and the University System. Working in partnership with the University and System on a variety of initiatives helps ensure they remain strong entities and in turn, continue their contributions to the local economy.
     
  3. Support Retail Development – Ensuring there are opportunities to establish or expand retail businesses, businesses that attract expenditures by residents, students, and visitors remains a critical component of the local economy. The City should continue its role supporting College Station as a regional destination for basic shopping needs and various goods and services.
     
  4. Support and Stimulate Biotechnology Research and Advanced Manufacturing – Building upon the world-class research performed at Texas A&M University and the skills of the local workforce, there exists a unique opportunity to diversify the local economy and stimulate significant job creation. It is reasonable to expect that a significant portion of this century’s job creation will be in the fields of biotechnology and advanced manufacturing and College Station is poised to capitalize on such opportunities.
     
  5. Support and Stimulate Health and Wellness Market – Building upon the presence of three major medical providers and a growing and aging regional population, there exists a unique opportunity to position the City as a regional center for health and wellness and stimulate significant job creation. One of the fastest growing segments of the national economy is health and wellness and College Station is poised to capitalize on this growth.
     
  6. Support and Stimulate Sports, Entertainment, and Hospitality Market – Already a national destination for college athletics, the opportunity exists to continue to expand the local entertainment and hospitality market. Additionally, capitalizing on many of the athletic and recreation facilities associated with the City’s high quality of life may be used to stimulate new opportunities to bring additional visitors to the local community, who in turn further contribute to the success of the local entertainment and hospitality market.

The City will perform these actions by focusing on what it does best and through continued strategic partnerships with its many economic development partners and the local business community. Where appropriate the City will engage in incentives which will vary from initiative to initiative, but will all be guided by a deliberate and established policy detailed in the Master Plan.

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ASSET PLUS / THE DOMAIN • Approved in FY2013
  • Purpose of Abatement: Development incentive
     
  • Specific Taxes Abated: None. Subject to all taxation
     
  • Total taxes abated by date: None
     
  • Authority: Texas LGC, Chapter 380
     
  • Eligibility Criteria: Chapter 380; serves a public purpose by promoting state or local economic development by stimulating business and commercial activity in the City or ETJ
     
  • Provisions for recapturing abated taxes: No taxes abated
     
  • Obligations: Sale of public property to a private entity. Complete Construction - $30 million minimum investment. Submit construction schedule



CTX LAND INVESTMENTS, LLC / DARTMOUTH • Approved in FY2017
  • Purpose of Abatement: Development & infrastructure incentive
     
  • Specific Taxes Abated: None. Subject to all taxation
     
  • Total taxes abated by date: None
     
  • Authority: Texas LGC, Chapter 380
     
  • Eligibility Criteria: Chapter 380; serves a public purpose by promoting state or local economic development by stimulating business and commercial activity in the City or ETJ
     
  • Provisions for recapturing abated taxes: No taxes abated
     
  • Obligations: Design and construction of Phase I of Dartmouth Extension. City reimburse for 25% of cost, not to exceed $250,000 and give credit toward Roadway Impact Fees. City to construct Phase II of Dartmouth Extension. City will reimburse CTX Land for Phase II design cost



KALON / FUJI • Approved in FY2014

  • Purpose of Abatement: Development incentive
     
  • Specific Taxes Abated: None. Subject to all taxation; Annual cash incentive; Seven year total not to exceed $1,093,548.61
     
  • Total taxes abated by date: None
     
  • Authority: Texas LGC, Chapter 380
     
  • Eligibility Criteria: Chapter 380; serves a public purpose by promoting state or local economic development by stimulating business and commercial activity in the City or ETJ
     
  • Provisions for recapturing abated taxes: No taxes abated
     
  • Obligations: ILA with City of Bryan; Minimum tax value of $70 million; 100 FTEs with minimum gross payroll of $6 million. Annual cash incentive; seven year total not to exceed $1,093,548.61



MURR / MEDICAL DISTRICT / COLLEGE STATION TOWNE CENTER, LP
Approved in FY2015

  • Purpose of Abatement: Development & infrastructure incentive 
     
  • Specific Taxes Abated: None. Subject to all taxation
     
  • Total taxes abated by date: None
     
  • Authority: Texas LGC, Chapter 380
     
  • Eligibility Criteria: Chapter 380; serves a public purpose by promoting state or local economic development by stimulating business and commercial activity in the City or ETJ
     
  • Provisions for recapturing abated taxes: No taxes abated
     
  • Obligations: $50 million increase in taxable value. 150,000 sq. ft. non-residential mixed-use improvements within CBD. Developer infrastructure obligations, including one half of Lakeway Drive through the subject property, extension of Bird Pond Road, extension of waterline along Bird Pond Road, gravity sewer line. City will construct the remainder of Lakeway Drive, up to $15 million. City will pay contract payments to the developer based on the increase of taxable value. Funds to be used for infrastructure development



PM REALTY GROUP / CHIMNEY HILL • Approved in FY2014

  • Purpose of Abatement: Redevelopment incentive 
     
  • Specific Taxes Abated: None. Subject to all taxation
     
  • Total taxes abated by date: None
     
  • Authority: Texas LGC, Chapter 380
     
  • Eligibility Criteria: Chapter 380; serves a public purpose by promoting state or local economic development by stimulating business and commercial activity in the City or ETJ
     
  • Provisions for recapturing abated taxes: No taxes abated
     
  • Obligations: Sale of public property to a private entity. Minimum taxable sales of $220,000 OR minimum taxable value of $40 million. City provides fast tracking. City granted a waiver of fees up to $3,227.50 to include development permit, site plan permit, NRA review & easement abandonment. Minimum of 581 parking spaces - surface & garage. 50,000 sq. ft. of retail. Outdoor pavilion/pedestrian mall. Architectural screening of the parking garage to exceed UDO. Compliance with UDO - no vesting. Reporting - Employment numbers of tenant-created positions



SCIENCE PARK, LLC / PROVIDENCE PARK • Approved in FY2015

  • Purpose of Abatement: Development incentive 
     
  • Specific Taxes Abated: None. Subject to all taxation; Annual cash incentive; total not to exceed $1,000,000.00 through 2026.  Reduced development fees (50%) up to $1,000,000
     
  • Total taxes abated by date: None
     
  • Authority: Texas LGC, Chapter 380
     
  • Eligibility Criteria: Chapter 380; serves a public purpose by promoting state or local economic development by stimulating business and commercial activity in the City or ETJ
     
  • Provisions for recapturing abated taxes: No taxes abated
     
  • Obligations: Improvements and/or tangible personal property of minimum $1.5 million; continuously own the property through 2026 (with specific exceptions)



SCOTT & WHITE HEALTHCARE • Approved in FY2011

  • Purpose of Abatement: Infrastructure Agreement
     
  • Specific Taxes Abated: None. Subject to all taxation
     
  • Total taxes abated by date: None
     
  • Authority: Texas LGC, Chapter 380
     
  • Eligibility Criteria: Chapter 380; serves a public purpose by promoting state or local economic development by stimulating business and commercial activity in the City or ETJ
     
  • Provisions for recapturing abated taxes: No taxes abated
     
  • Obligations: $107 million and 375,000 sq. ft. of improvements on Tract 1 with C.O.'s required prior to March 31, 2014. Employment & Job Creation Requirements - total of 47.7 full-time employees and 563 hourly full-time employees for a new gross payroll of $39,033,040. Wastewater Service - 12" pipe with sufficient capacity to meet the requirements for the entire 97.9 acre tract. Any wastewater improvements upstream of the lift station and force main shall be paid by the developer and the cost for design and construction of the system downstream of the point of connection shall be paid by the city. City will abandon ROW for Old Rock Prairie Road at no cost to developer. City to provide fast tracking services.CSU and BTU agreement - Coordinate the new layout, relocation and demolition. Developer pays for electrical. Dedication of a 2-acre site for a future water tower - minimum value of $250,000. S&W will reimburse the City $250,000 for the construction of wastewater service improvements. AMENDMENT - City help in the cost of boring State Highway 6 for rerouting of electrical lines $77,386.


 STATA CORP • Approved in FY2014

  • Purpose of Abatement: Business retention incentive
     
  • Specific Taxes Abated: None. Subject to all taxation
     
  • Total taxes abated by date: None
     
  • Authority: Texas LGC, Chapter 380
     
  • Eligibility Criteria: Chapter 380; serves a public purpose by promoting state or local economic development by stimulating business and commercial activity in the City or ETJ
     
  • Provisions for recapturing abated taxes: No taxes abated
     
  • Obligations: Building permit value of $3 million. City will recommend abandonment of a portion of Technology Way at no cost to the developer with the condition that a building permit is issued for the facility within five years of the agreement. City will provide fast tracking. Dedication of approximately 30 acres as parkland upon issuance of C.O. Developer will submit a site plan within five years of the EDA and obtain a C.O. within seven years. Developer will add 15 full-time jobs OR increase current payroll by $1 million within seven years.



 STRATEGIC BEHAVIORAL HEALTH • Approved in FY2013

  • Purpose of Abatement: Development incentive
     
  • Specific Taxes Abated: Municipal Ad Valorem taxes (at depreciating percentage each year) above those paid in the base year, for eight years
     
  • Total taxes abated by date: $209,989
     
  • Authority: Texas Tax Code, Chapter 312 and Texas LGC, Chapter 380
     
  • Eligibility Criteria: According to adopted guidelines for Tax Abatement Zone
     
  • Provisions for recapturing abated taxes: In event of default, the owner has 30 days to pay all taxes that otherwise would have been paid without abatement at the statutory rate for delinquent taxes as determined by Section 33.01 of the Tax Code without penalty
     
  • Obligations: Combined taxable value for improvements, property and personal property is a minimum of $10 million. Terms of "exhibit B," including a minimum of 150 full-time employees and 200 employees with total annual gross payroll no less than $7,696,000.


VIASAT • Approved in FY2017

  • Purpose of Abatement: Development incentive
     
  • Specific Taxes Abated: None. Subject to all taxation. Annual cash incentive at 80% of shared revenue first year to 10% in year 6, not to exceed $450,000 over life of agreement
     
  • Total taxes abated by date: None
     
  • Authority: Texas LGC, Chapter 380
     
  • Eligibility Criteria: Chapter 380: serves a public purpose  by promoting state or local economic development by stimulating business and commercial activity in the City or ETJ
     
  • Provisions for recapturing abated taxes: No taxes abated
     
  • Obligations: Construction of improvements commence no later than Jan. 31, 2017. Occupancy permits no later than April 30, 2018 for Fee Waivers. Must be occupied and used as network operations center for each year of cash incentive. For five years from completion, company agrees it will create 150 new full-time employees with an average salary of $64,500 for a total of 280 full-time employees. By end of second year after completion, increase annual pay roll to $17,200,000. City provides fee waivers, fast-tracking, cash incentives at 80% of shared revenue first year to 10% in year six, not to exceed $450,000 in total.










Last updated: 6/13/2018 3:05:53 PM