Page 368 - City of Arlington FY19 Adopted Operating Budget
P. 368

General Motors (Assembly)                                      General Motors           Status
             Type: Assembly Plant Renovation and Expansion         Agreements Drafted               Complete
             Capital Investment: $1.4 billion                      City Council Action‐Tax Abatement   Complete
             Size: 1,200,000 sq. ft.  expansion                    Agreement/Fee Waivers
             Employees: 4,000+ retained                            Building Permit Issued           Complete
             Deal:  To assist GM, the City offered an incentive package   Under Construction        Complete
             including tax abatements to real and business personal   Project Complete (CO Issued)    Complete
             property and fee waivers.

                                                                  Southwest Restaurant Equipment     Status
             Update:  The new equipment has been installed and are
                                                                 Agreements Drafted              Complete
             currently ramping up the operation to produce the next
             generation of vehicles.                             City Council Action‐Tax Abatement   Complete
                                                                 Agreement/Fee Waivers
             Southwest Restaurant Equipment, Inc. (SWR)          Agreements Fully Executed       Complete
                                                                 Building Permit Issued          Complete
             Southwest Restaurant Equipment, Inc. (SWR)
             Type: Warehouse, Retail Center and Class A Office space   Project Complete (CO Issued)
             Address: 2909 E. Arkansas Lane
             Capital Investment: $10 million                        Kroger Marketplace    Status   Date/Target
             Size: 55,000 sq. ft.  60,000 SF                     CH 380 Agreement        100%    Apr. 2016
             Employees: 20                                       Executed
             Deal:  In 2016, the City provided an abatement associated   Construction Complete   97%   Nov. 2018
             with the $10 million real property improvements for the   Certificate of Occupancy   100%   June 2018
             new facility.                                       Issued

             Update: The project is now in the interior finish‐out stage
             and pending permits to commence this activity.  This is the
             last leg of the project that will introduce high‐end finishes
             to create 20K sf of Class A office space.  The anticipated
             completion for the total 60K square‐foot building is late
             December 2018.  In addition, construction has begun on
             necessary improvements to the median and adjacent
             deceleration lane, which will enhance access to both
             phases I & II.  Estimated completion for the improvements
             is mid‐to‐late November.

             Kroger Marketplace
             Type: Upscale Grocery Store
             Capital Investment: $2.6 million
             Size: 123,000 sq. ft.
             Deal: The City provided a Chapter 380 program agreement
             to cover costs related to the Sublett Road and U.S.
             Highway 287 roadway improvements.
             Amendments: In 2017, the agreement was amended to
             provide and extension of the time to complete roadway
             improvements, construction of the project, deadline to
             obtain COO and deadline to increase taxable value.

             Update: The terms of Kroger’s 380 agreement dictated
             that Kroger must complete its building and some
             surrounding roadwork in June. Kroger was issued a CO for
             the building and had a soft opening on July 4th.  Kroger has
             not completed the roadwork. The OED sent a letter of
             default on July 2nd and Kroger has since demonstrated



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