1. City Council
Regular Session
August 25, 2014

2.  Produces a leading statistical software package; Stata
◦ Develops, distributes, and supports; Headquartered in College Station
 Publishes books, manuals, and the Stata Journal
◦ Stata Press, a division of StataCorp LP
 Business Center at College Station; $4,877,740 valuation
 104 FTEs with an annual payroll of $8,087,940
 Business Retention and Expansion Prospect
◦ Limited Growth Opportunity and Trailing Spouse
◦ Own Internal Campus with Employee Amenities

3. 39.198 Acres

4.  39.198 Acres
−Replat; 30.275 acres & 8.923 acres
 8.923 Acres
− Independent third-party appraisal: $1,090,000
−Posted on Brazos Valley Online Bidding System (BrazosBid)
 StataCorp LP
−Highest and only bidder
 December 12, 2013
− City Council approved a real estate contract with StataCorp LP
− Purchase Price: $1,090,000

5. 30.275 Acres
8.923 Acres

6.  City’s Incentives
−Right-of-Way Abandonment
− Staff will recommend to City Council at a later date
− Contingent upon receipt of a building permit within five years
−Dedication of 30 acres as parkland
− Staff will recommend to City Council at a later date
− Contingent upon receipt of a Certificate of Occupancy within seven years
− Serve as linear park; with multi-use paths (per Comprehensive Plan)
−Permitting
−Waive $700 ROW Abandonment Application
− Development Fast Tracking

7.  StataCorp’s Obligations
−$3 Million Capital Investment in the Business Center
− Campus-like Business Facility
− Amenities conducive to use as a common area for employees
−New Job Creation / Increased Annual Payroll
− 15 FTE’s / $1 Million
 Clawback Provisions
−Reimburse ROW Abandonment Application fee of $700, and/or
−Reimburse $2.80 PSF of ROW abandoned