Newspaper Archive of
Hays Free Press
Kyle, Texas
January 4, 2017     Hays Free Press
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January 4, 2017

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+ + Page 2D _ affs ree ress Hays Free Press January 4, 2017 Business Incentives Continued from pg. 1D Mitchell wrote on his website. According to his website, owner- occupied businesses can apply for a one-time tax credit up to $5,000 for improvements on real and personal property. If an owner-occupied business opened and made capital improvements in order to operate that business, the individual would be reimbursed for the taxes paid up to $5,000 over the land value to the city during the first year. He said if a developer builds a strip center and leases space out, the company would receive 50 percent of the tax credit. The program is designed to incentivize commercial property only within the retail sales (R/S), warehouse (W) and the construction and manufacturing district (CM). According to Kyle councilman Travis Mitchell's website, owner-occupied businesses can apply for a one-time tax credit up to $5,000 for improvements on real and personal property. Businesses excluded base," Mitchell wrote make, Mitchell said. from the program are on his website. "The "This incentive those operating out of a credit therefore passes program is designed to residence, those in a Tax the 'but for' argument, specifically attack that Increment Refinance meaning that 'but problem," Mitchell said. Zone (TIRZ) or in for' the improvement Mitchell said that specific developments, we would not receive council members were Mitchell said the those tax dollars and very supportive of program would therefore the credit is the presentation they offer a tax break on against future earnings were given about the future revenue of and does not cost the incentive program. a business instead current taxpayers." The program will of current revenue. The main reason reappear on the agenda The program credits most small businesses as an ordinance in against improvement fail within the first year approximately a month. value verified by the is not due to a lack of "With this program Hays Central Appraisal consumer interest, we can ensure that District. but the small businesssmall businesses that "It's critical we owner running out of come to Kyle will thrive design the program money due to paying and grow with our to correspond with taxes on the capital community," Mitchell an increase in the tax improvements they said. Kyle councilman Travis Mitchell calculates owner occupancy as a business owner who maintains a minimum of 25 percent ownership in the business and 25 percent ownership in the real estate. He said owner-occupants are more likely to be vested in the community and local to the area, though not always. They are also more likely stable as a business and are not subject to as much turnover. Speedway Break Continued from pg. 1D Racing, who was the current leaseholder at CTS, announced it was planning not to renew its lease for the 2017 season and beyond. Rodriguez said AM Racing, which manages a NASCAR truck team, opted to focus its effort full time on the NASCAR circuit. "They're looking to take all of those dollars and use them on their NASCAR team. To operate a NASCAR team takes thousands of dollars," Rodriguez said. "They're using resources in one place and not spreading them out." But once news spread, Rodriguez said much of the racing community was up in arms, as many believed the track was closing down. He said he understood the frustration as he himself has "thousands" of dollars tied up in a racing car he uses at CTS. Rodriguez said Coleman aims to continue running the track as is. However, he said Coleman didn't want to facilitate any conversations with prospective leaseholders until after the holidays were over. "The way the statements were made, it gave an impression the track was closing," Rodriguez said. '~ lot of those teams who invested a lot of mone.y and manpower zn racing equipment, they felt they were left in the cold without any warning. They were pretty disturbed, understandably." From a business standpoint, Rodriguez understood AM Racing's motives behind the move. However, he said he was disappointed the move could mean a delay. "It hurts for our drivers and fans who have such a great following and that they're in the dark, that bothers me," Rodriguez said. "It's a great group of people. It's a second family out there." For Rodriguez and many others who have raced at CTS, the track is a place where drivers young and old can have "their dreams come true in a lot of senses." "Guys that have grown up as racing fans, they've been conditioned to do this. They've been waiting for years to be able to get on the track and compete," Rodriguez said. lot of the disappointment and anger is understandable. This is something they've worked for and strived for." Continued from 1D to overcome short- term losses. And you may be able to reduce the effects of market volatility by spreading your dollars among many different stock- based investments, along with a reasonable percentage of bonds and other, more conservative securities. Here's something else to consider: Many millennials want more from their investments than just good performance - they also want their money to make a difference in the world. This interest in "impact" investing (also known as "socially responsible" investing) has led some of your peers to screen out companies or industries they believe have a negative impact on society in favor of other businesses that are viewed as contributing to a more sustainable world. If this viewpoint resonates with you, then you may want to explore these types of investment opportunities with a financial professional. But most importantly, keep on investing throughout your life. As a millennial, you've got plenty of the one asset that can never be replaced: time. Use it wisely. This article was written by Edward Jones for use by your local Edward ]ones FinanciaI Advisor. 20 words for SB! Place your classified ad by calling 512-268-7862 Email Place online at We accept Visa, Mastercard and Discover DEADLINE: NOON MONDAY FOR WEDNESDAY'S PAPER Employment Home For Rent Public Notices iliiii i i ii! i ii iiiiiiii!iiiiii? LBJ Medical Center 206 Haley Rd Johnson City, TX 78636 830-868-4093 Family Owned, NO Medicare 60 Bed Facility, Good Staff~Resident Ratio NEEDS Part-Time Weekend Relief 6-2 shift DIRECT CARE COUNSELORS Statewide Classifieds Provide positive role modeling, structure, and supervision to adolescent boys. No exp. required, We train comprehensively. 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Apply online today, iiiiiiiiiii~iiiiiiiiiiiiiiiiiii~!iiiiiii!iiiiii~ii~iiii~iiiiiiiiiiiiii!i~ii~iii~iiiiiii~iiii!ii~i~ii!iiii~~~iiiiiiii~~iiii!i!ii~i~!i~iiiiii!i~iiiii~i~ii!i~ii~i~ii~ii!iii~ii iiiiiii~iiiiiiii~iiiiiiiii~i!iiiiiiiiiiiiiiiiiiiiiiiiiii~iiiiii~iiiii~iii~~iiii~iii~iiiiiiiiiii~iiiii~iii~!i!~iiiiiiiii~iii~ii~i!iiii~iiiiii!iiii~iiiiiiiii~iiiiiiiii~iii NOTICE TO CREDITORS Notice is hereby given that original Letters Testamen- tary for the Estate of James Speer Goree, Deceased, were issued on December 1, 2016 in Cause No. 16-0345- P pending in the County Court of Hays County, Texas, to: Dorothy Edna Hoke Goree. All persons having claims against this Estate which is currently being administered are required to present them within the time and in the manner prescribed by law to: Dorothy Edna Hoke Goree, 127 Treehaven Ct, Buda, Texas 78610-3650 NOTICE TO BIDDERS Sealed bids will be received by the City Utilities Office at the City of Buda until 10:00 a.m., January 12, ADDRESS AND MARK 2017, for "IFB 17-003 Garlic ENVELOPE: "IFB 17-003, Creek Force Main Valve". Garlic Creek Force Main Invitations for Bids may be Valve" TO: Purchasing Man- obtained from the Purchasing ager, City of Buda, 121 Main Manager at the Buda Munici- Street, Buda, Texas 78610. pal Building, 121 Main St., TO BE OPENED: 10:00 a.m., Buda, Texas 78610 or go to January 12, 2017. TABC LEGAL NOTICE Application has been made with the Texas Alcoholic Beverage Commission for a Wine and Beer Retailers Permit to include a Retail Dealer's On-Premise Late Hours License by Beal Enterprises, Inc. dba The Cigar Vault, to be located at 210 N Main St, Buda, Hays County, Texas. Owner of said corporation, Beal Enterprises, Inc., is Jeffrey Beal. II ~l~,~lL~k',lk~l || l ~klM l I] [11 lille',k.11 | I II Ill.| lll | [| I ~ k~AN | |l[O] || i - ...... ] -. TexSCAN Week of January 01, 2017 CDL TRUCK DRIVERS WANTED. AIRLINE MECHANIC TRAININGDRIVER- CDL A TRAINING. Belly Dump, End-Dump. Pneumatic, - Get FAA certification, Approved $50-$1000 Incentive Bonus. Well Maintained Trucks. Insurance for military benefits, Financial No Out of pocket Tuition Cost!. Package, Driver Bonuses. Aid if qualified. Job placement Get Your CDL in 22 Days. assistance. Call Aviation Institute e Day Refresher Courses Call now. 1-405-942-4658. of Maintenance. Available, Minimum 21 Years. 1-855--/55-5545. 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