From
Marty Wieder, Economic Development Director
Title
Resolution amending Resolution 4940-2018 granting a revised 380 Incentive Agreement with Dolabi Family LTD, doing business as National Autobody Parts, granting a 75% rebate on real property for nine years and rebating a share of selected fees
Presenter
Marty Wieder, Economic Development Director
Recommended Action
Approve
Analysis
Dolabi Family LTD (doing business as National Autobody Parts, headquartered at 2000 East Main), submitted a revised Application for Tax Incentives associated with the resolution Council passed on October 19, 2017, granting the company a 75% rebate on real property for nine years. Council subsequently passed a revised resolution with reduced real estate investment and job creation on March 8, 2019.
While National Autobody Parts still desires to build a new 25,000 square foot corporate office to house administrative and sales offices (as well as to modernize existing warehouse operations by adding fiber optic infrastructure and inventory software to maximize data collection and account for inventory and sales), the company has also recently requested a share of their fee costs. More specifically, owner Mike Dolabi has asked that the City rebate a portion of his plans review, building permit and water tap and meter fees-and is requesting $9,137 rebate (or approximately 33% of the total of these fees) upon completion of his building and issuance of a Certificate of Occupancy. City staff has reviewed and consulted with National Autobody Parts, and recommends Council consideration of the company’s request.
Financial Consideration
Projected Investment - Added Real Estate Improvements: $3,750,000
Projected - Real Property Rebate: $25,124.92 per year (or $226,124.28 over 9 years)
Body
A RESOLUTION AMENDING RESOLUTION 4940-2018 OF THE CITY OF GRAND PRAIRIE, TEXAS, TO ENTER INTO A REVISED CHAPTER 380 AGREEMENT WITH DOLABI FAMILY LTD FOR REBATE ON REAL AND PERSONAL PROPERTY TAXES FOR NINE YEARS AND REBATE OF SELECTED FEES
Whereas, Dolabi Family LTD has operated National Autobody Parts in Grand Prairie since 1993; and
Whereas, National Autobody Parts has achieved success as a Grand Prairie-based business-and now desires to upgrade and expand the 170,000 square foot campus at 2000 Main Street, which is located in an Existing Enterprise Zone; and
Whereas, Representatives of Dolabi Family LTD have submitted plans for a 25,000 square foot, two-story construction of a new corporate office, as well as to modernize existing warehouse operations with installation of fiber optic infrastructure; and
Whereas, National Autobody Parts still desires a 75% rebate of real property improvements for nine years; and
Whereas, National Autobody Parts also desires a $9,137 rebate (or approximately 33%) of associated project plans review, building permit and water tap and meter fees.
NOW THEREFORE, BE IT RESOLVED, by the City Council of the City of GRAND PRAIRIE, Texas that:
Section 1. THAT the City Manager is hereby authorized to negotiate and execute an agreement to put into effect this approval.
PASSED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF GRAND PRAIRIE, TEXAS, ON THIS THE 22nd DAY OF JANUARY, 2019.