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RE: Amended application to IRA Independent School District from Canyon Wind Project, LLC O’HANLON, DEMERATH & CASTILLO ATTORNEYS & COUNSELORS AT LAW 808 WEST AVE AUSTIN, TEXAS 78701 TELEPHONE: (512) 494-9949 FACSIMILIE: (512) 494-9919 August 15, 2018 Local Government Assistance & Economic Analysis Texas Comptroller of Public Accounts P.O. Box 13528 Austin, Texas 78711-3528 To the Local Government Assistance & Economic Analysis Division: I have enclosed for you the Amended Application to the Ira Independent School District from Canyon Wind Project, LLC. A copy of the amended application will be submitted to the Scurry County Appraisal District. Please do not hesitate to call with any questions. Sincerely, William Eggleston Assistant to Kevin O’Hanlon School District Consultant Cc: Scurry County Appraisal District 1251-ira-canyon-amendment002 August 15, 2018

O’HANLON,DEMERATH &CASTILLO August 15, 2018 ATTORNEYS ... · ATTORNEYS &COUNSELORS ATLAW 808 WEST AVE AUSTIN, TEXAS 78701 . TELEPHONE:(512) 494-9949 FACSIMILIE: (512) 494-9919

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  • RE: Amended application to IRA Independent School District from Canyon Wind

    Project, LLC

    O’HANLON, DEMERATH & CASTILLO ATTORNEYS & COUNSELORS AT LAW

    808 WEST AVE AUSTIN, TEXAS 78701

    TELEPHONE: (512) 494-9949 FACSIMILIE: (512) 494-9919

    August 15, 2018

    Local Government Assistance & Economic Analysis Texas Comptroller of Public Accounts P.O. Box 13528 Austin, Texas 78711-3528

    To the Local Government Assistance & Economic Analysis Division:

    I have enclosed for you the Amended Application to the Ira Independent School District from Canyon Wind Project, LLC.

    A copy of the amended application will be submitted to the Scurry County Appraisal District.

    Please do not hesitate to call with any questions.

    Sincerely,

    William Eggleston Assistant to Kevin O’Hanlon School District Consultant

    Cc: Scurry County Appraisal District

    1251-ira-canyon-amendment002 August 15, 2018

  • Texas Comptroller of Public Accounts Data Analysis and

    Transparency Form 50-296-A

    SECTION 1: School District Information (continued)

    3. Authorized School District Consultant (If Applicable)

    Chris Grammer First Name Last Name

    Consultant Title

    Moak Casey & Associates Firm Name

    512-485-7878 512-485-7888 Phone Number Fax Number

    [email protected]; [email protected] Mobile Number (optional) Email Address

    April 20, 20184. On what date did the district determine this application complete?

    5. Has the district determined that the electronic copy and hard copy are identical? .. [ii Yes D No SECTION 2:Applicant Information

    1. Authorized Company Representative {Applicant)

    Thomas Carbone First Name Last Name

    President Tri Global Energy, LLC Title Organization

    17300 Dallas Parkway, Suite 2020 Street Address

    Same Mailing Address

    Dallas TX 75287 City State ZIP

    972-290-0825 972-290-0823 Phone Number Fax Number

    [email protected] Mobile Number (optional) Business Email Address

    2. Will a company official other than the authorized company representative be responsible for responding to future information requests?. [2] Yes D No

    2a. If yes, please fill out contact information for that person.

    Taylor Snow First Name Last Name

    Project Lead Tri Global Energy Title Organization

    17300 Dallas Parkway, Suite 2020 Street Address

    Same Mailing Address

    Dallas TX 75287 City State Z IP

    972-290-0825 972-290-0823 Phone Number Fax Number

    [email protected] Mobile Number (optional) Business Email Address

    3. Does the applicant authorize the consultant to provide and obtain information related to this application? D Yes [ii No For more information, visit our website: comptroller.texas.gov/economy/local/ch313/ Pag e2

    50-296-A • 03-1713

    1251-ira-canyon-amendment002 August 15, 2018

    mailto:[email protected]:[email protected]:[email protected]

  • ------------

    ------------

    Data Analysis and Transparency

    Form 50-296-A Texas Comptroller of Public Accounts

    SECTION 9: Projected Timeline

    1. Application approval by school board

    2. Commencement of construction .

    3. Beginning of qualifying time period

    4. First year of limitation ........ . . . . . . . . .

    5. Begin hiring new employees .

    6. Commencement of commercial operations

    7. Do you propose to construct a new building or to erect or affix a new improvement after your application review start date (date your application is finally determined to be complete)?

    Note: Improvements made before that time may not be considered qualified property.

    8. When do you anticipate the new buildings or improvements will be placed in service?

    SECTION 10:The Property

    1. Identify county or counties in which the proposed project will be located

    . . . . . . . . .

    Scurry County

    September 2018

    June 2019

    September 2019

    2021

    4Q 2020

    4Q 2020

    [Z] Yes D No 4Q 2020

    Scurry CAD 2. Identify Central Appraisal District (CAD) that will be responsible for appraising the property

    3. Will this CAD be acting on behalf of another CAD to appraise this property? O Yes

    4. List all taxing entities that have jurisdiction for the property, the portion of project within each entity and tax rates for each entity:

    County: ______S_c_u_rry_, _·3_8_, _1_0_0_o/c_o______

    Hospital District:

    Other (describe):

    (Name, tax rate and percent of project)

    Hospital District, .292002, 100% (Name, tax rate and percent of project)

    ___W_e_s_t_T_X_ C_o_l_le_g_e_, _.3_3_,_1_0_0_o/c_o__ (Name, tax rate and percent of project)

    5. Is the project located entirely within the ISD listed in Section 1?

    N/ACity: (Name, tax rate and percent of pro1ect)

    N/AWater District:

    (Name, tax rate and percent of project)

    N/AOther (describe): (Name, tax rate and percent of project)

    Yes D No 5a. If no, attach in Tab 6 additional information on the project scope and size to assist in the economic analysis.

    6. Did you receive a determination from the Texas Economic Development and Tourism Office that this proposed project and at least

    one other project seeking a limitation agreement constitute a single unified project (SUP), as allowed in §313.024(d-2)? . D Yes [Z] No 6a. If yes, attach in Tab 6 supporting documentation from the Office of the Governor.

    SECTION 11: Investment

    NOTE: The minimum amount of qualified investment required to qualify for an appraised value limitation and the minimum amount of appraised value limitation vary depending on whether the school district is classified as Subchapter B or Subchapter C, and the taxable value of the property within the school district. For assistance in determining estimates of these minimums, access the Comptroller's website at comptroller.texas.gov/economy/local/ch313/.

    10,000,000.001. At the time of application, what is the estimated minimum qualified investment required for this school district? .

    20,000,000.002. What is the amount of appraised value limitation for which you are applying?. Note: The property value limitation amount is based on property values available at the time of application and

    may change prior to the execution of any final agreement.

    3. Does the qualified investment meet the requirements of Tax Code §313.021 (1 )? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . [l] Yes D No 4. Attach a description of the qualified investment [See §313.021 (1 ).] The description must include:

    a. a specific and detailed description of the qualified investment you propose to make on the property for which you are requesting an appraised value limitation as defined by Tax Code §313.021 (Tab 7) ;

    b. a description of any new buildings, proposed new improvements or personal property which you intend to include as part of your minimum qualified investment (Tab 7); and

    c. a detailed map of the qualified investment showing location of tangible personal property to be placed in service during the qualifying time period and buildings to be constructed during the qualifying time period, with vicinity map (Tab 11).

    5. Do you intend to make at least the minimum qualified investment required by Tax Code §313.023 (or §313.053 for

    Subchapter C school districts) for the relevant school district category during the qualifying time period? IZ] Yes D No For more information, visit our website: comptroller.texas.gov/economy/local/ch313/ Pag es

    50-296-A • 03-1713

    1251-ira-canyon-amendment002 August 15, 2018

    http:20,000,000.00http:10,000,000.00

  • Schedule B: Estimated Market And Taxable Value (of Qualified Property Only) Date 12/12/2016 Applicant Name Canyon Wind Project, LLC Form 50-296A ISD Name Ira ISD Revised May 2014

    Qualified Property Estimated Taxable Value

    Year School Year (YYYY-YYYY)

    Tax Year (Fill in actual

    tax year) YYYY

    Estimated Market Value of Land

    Estimated Total Market Value of new buildings or other new

    improvements

    Estimated Total Market Value of tangible personal property in the new

    buildings or "in or on the new improvements"

    Market Value less any exemptions (such as pollution control) and before

    limitation Final taxable value for I&S after all

    reductions Final taxable value for M&O after all

    reductions

    Each year prior to start of Value Limitation Period Insert as many rows as necessary

    0 2018-2019 2018 $ - $ - $ - $ - $ - $ -

    0 2019-2020 2019 $ - $ - $ -0 2020-2021 2020 $ - $ - $ 30,000,000.00 $ 30,000,000.00 $ 30,000,000.00 $ 30,000,000.00

    Value Limitation Period

    1 2021-2022 2021 $ - $ 537,400 $ 188,037,399.60 $ 188,574,799.20 $ 188,574,799.20 $ 20,000,000.00 2 2022-2023 2022 $ - $ 510,530 $ 178,635,529.62 $ 179,146,059.24 $ 179,146,059.24 $ 20,000,000.00 3 2023-2024 2023 $ - $ 483,660 $ 169,233,659.64 $ 169,717,319.28 $ 169,717,319.28 $ 20,000,000.00 4 2024-2025 2024 $ - $ 456,790 $ 159,831,789.66 $ 160,288,579.32 $ 160,288,579.32 $ 20,000,000.00 5 2025-2026 2025 $ - $ 429,920 $ 150,429,919.68 $ 150,859,839.36 $ 150,859,839.36 $ 20,000,000.00 6 2026-2027 2026 $ - $ 403,050 $ 141,028,049.70 $ 141,431,099.40 $ 141,431,099.40 $ 20,000,000.00 7 2027-2028 2027 $ - $ 376,180 $ 131,626,179.72 $ 132,002,359.44 $ 132,002,359.44 $ 20,000,000.00 8 2028-2029 2028 $ - $ 349,310 $ 122,224,309.74 $ 122,573,619.48 $ 122,573,619.48 $ 20,000,000.00 9 2029-2030 2029 $ - $ 322,440 $ 112,822,439.76 $ 113,144,879.52 $ 113,144,879.52 $ 20,000,000.00 10 2030-2031 2030 $ - $ 295,570 $ 107,170,569.78 $ 107,466,139.56 $ 107,466,139.56 $ 20,000,000.00

    Continue to maintain viable presence

    11 2031-2032 2031 $ - $ 280,791 $ 101,812,041.29 $ 102,092,832.58 $ 102,092,832.58 $ 102,092,832.58 12 2032-2033 2032 $ - $ 266,752 $ 96,721,439.23 $ 96,988,190.95 $ 96,988,190.95 $ 96,988,190.95 13 2033-2034 2033 $ - $ 253,414 $ 91,885,367.27 $ 92,138,781.41 $ 92,138,781.41 $ 92,138,781.41 14 2034-2035 2034 $ - $ 240,743 $ 87,291,098.90 $ 87,531,842.33 $ 87,531,842.33 $ 87,531,842.33 15 2035-2036 2035 $ - $ 228,706 $ 82,926,543.96 $ 83,155,250.22 $ 83,155,250.22 $ 83,155,250.22

    Additional years for 25 year economic impact as required by 313.026(c)(1)

    16 2036-2037 2036 $ - $ 217,271 $ 78,780,216.76 $ 78,997,487.71 $ 78,997,487.71 $ 78,997,487.71 17 2037-2038 2037 $ - $ 206,407 $ 74,841,205.92 $ 75,047,613.32 $ 75,047,613.32 $ 75,047,613.32 18 2038-2039 2038 $ - $ 196,087 $ 71,099,145.62 $ 71,295,232.66 $ 71,295,232.66 $ 71,295,232.66 19 2039-2040 2039 $ - $ 186,283 $ 67,544,188.34 $ 67,730,471.02 $ 67,730,471.02 $ 67,730,471.02 20 2040-2041 2040 $ - $ 176,969 $ 64,166,978.93 $ 64,343,947.47 $ 64,343,947.47 $ 64,343,947.47 21 2041-2042 2041 $ - $ 168,120 $ 60,958,629.98 $ 61,126,750.10 $ 61,126,750.10 $ 61,126,750.10 22 2042-2043 2042 $ - $ 159,714 $ 57,910,698.48 $ 58,070,412.59 $ 58,070,412.59 $ 58,070,412.59 23 2043-2044 2043 $ - $ 151,728 $ 55,015,163.56 $ 55,166,891.96 $ 55,166,891.96 $ 55,166,891.96 24 2044-2045 2044 $ - $ 144,142 $ 52,264,405.38 $ 52,408,547.37 $ 52,408,547.37 $ 52,408,547.37 25 2045-2046 2045 $ - $ 136,935 $ 49,651,185.11 $ 49,788,120.00 $ 49,788,120.00 $ 49,788,120.00

    Notes: Market value in future years is good faith estimate of future taxable value for the purposes of property taxation. Only include market value for eligible property on this schedule.

    1251-ira-canyon-amendment002 August 15, 2018

  • GIVEN under my hand and seal ot office this, the

    ~~ KALLIE M. MURRAY

    ~ 6:~w•~~, Nolarv Public, Stole ol faxos

    ~-~--~ My Commission Expires."if.••• October 26. 2019

    \5~ dayof _~~:t__, Wli_

    - __dlik1Vf~ -- . ---No ry ubllc In and for the State o'El~-~

    (Notary Seal) My Commission expires: JQ./2l, /1QID\ a-If you make a false statement on this appllcatlon, you could be found guRty of a Class A misdemeanor or a stateJail felony underTexas Penal Code Section 37.10.

    c::•-.B1turu_~q ff-e.R..s 0 Print Name (Aulholfred School Dislrlct Rep,esentat/v,J)

    h~.:•~~ ~~0---- J LtSL~JB'--___Sign11,ure (Authorized School Dlatrict R11pras11ntatw11} -=---------- Date

    - --- ---

    Da~a /\~11 :y ~1!:: ,1nd T i.1:15p,U l' :1{" Y

    Form 50-296-A

    u-