Incentive Request Application Form

The Liberty Hill Economic Development Corporation (LHEDC), designated as a Type B Corporation, and the City of Liberty Hill have created criteria based on State of Texas mandated guidelines for investing public resources in private projects to develop the economic base, create primary jobs, and expand the quality of life in Liberty Hill. LHEDC uses information from this form to estimate both the fiscal impact of a proposed private project upon the community of Liberty Hill and the level of return upon the investment of public resources in the proposed private project. The fiscal impact model must be applied to each project applying for any form of incentive, regardless of whether they are direct financial investments, tax abatements, tax rebates, or regulatory considerations, before public resources may be committed and given to a private business.

The target industries/businesses for Liberty Hill include the broad categories of advanced manufacturing, architecture, engineering and landscape& design, defense and cybersecurity, specialty distribution, medical office/health & wellness, niche retail and hospitality. The established guidelines stipulate that all projects must meet or exceed minimum threshold levels. If the minimum thresholds are not met, the project may be considered on a case-by-case basis.

Please provide as much of the following as it pertains to the subject project:

Incentive Request Application Form

First Name*

Last Name*

Email*

I. Real Property

1. Acquisition price of an existing facility or current taxable value

2. Total construction budget for new facility

2a. Percent allocated to materials

2b. Percent allocated to soft costs. (Soft costs are permitting fees, architectural engineering, testing, inspections, environmental studies, developer management fees, legal and audit fees, etc.)

2c. Percent allocated to labor

2d. Percent of construction budget resulting in an increase in property’s market value

2e. Percent of construction materials purchased in Liberty Hill

2f. Percent of soft costs purchased in Liberty Hill

2g. Percent of construction workforce residing in Liberty Hill

3. Land Value

II. Business Personal Property

1. Value of newly purchased furniture and fixtures

2. Percent of newly purchased furniture and fixtures purchased in Liberty Hill

3. Value of furniture and fixtures relocated to Liberty Hill

4. Value of newly purchased equipment

5. Percent of new equipment purchased in Liberty Hill

6. Value of equipment relocated to Liberty Hill

7. Value of inventory as of January 1st of each year

8. Percent of inventory qualifying for in-lieu-of freeport exemption

III. Employee Information

1. Number of existing employees

2. Average annual wage of existing employees

3. Annual wage growth rate (in%) of existing employees

4. Percentage of existing employees who live in Liberty Hill

5. Anticipated number of new employees in Yr. 1, Yr.2, Yr. 3

Exempt Employees Y1, Y2, &Y3

Non-Exempt Y1, Y2, & Y3

Total New Employees Each Year

Overall New Total Employees

6. Average annual wage of new employees (indicate different levels within each category by labeling them as Class 1 or Class 2)

Exempt Employees – Class 1

Exempt Employees – Class 2

Non Exempt Employees – Class 1

Non Exempt Employees – Class 2

7. Annual wage growth rate (in%) of new employees

Exempt Employees

Non Exempt Employees

IV. Operations

1. Taxable retail sales at the facility per year

2. Total annual operating budget

3. Value of materials purchased for operations (excluding inventory)

4. Percentage of these materials bought in Liberty Hill

5. Average annual cost of each utility

5a. Electricity

5b. Telephone

5c. Fiber Connectivity

5d. Natural Gas

5e. Sanitation

5f. Water & Sewer

6. Yearly average of needed amperage of electricity, especially if industrial user

7. Water – average gallons/day—especially if industrial user

8. Estimated annual number of visitors to the facility

9. Estimated number of overnight visitors

10. Average length of stay (nights)

11. Please tell us what you consider both a NECESSARY and REASONABLE incentive request.

Type of Business:

North American Industry Classification System (NAICS) Code:*

Name of Company:*

Mailing Address:*

City, State & Zip code:*

Phone #:*

Name:*

Today's Date*

Digital Signature*

Incentive Request Application Form

Please provide as much of the following as it pertains to the subject project:

Incentive Request Application Form

I. Real Property

II. Business Personal Property

III. Employee Information

5. Anticipated number of new employees in Yr. 1, Yr.2, Yr. 3

6. Average annual wage of new employees (indicate different levels within each category by labeling them as Class 1 or Class 2)

7. Annual wage growth rate (in%) of new employees

IV. Operations

5. Average annual cost of each utility

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