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Resolution nominating Valero Refining -Texas, L.P. ("Valero") to the
Office of the Governor Economic Development & Tourism ("EDT")
through the Economic Development Bank ("Bank") as a double
jumbo enterprise project pursuant to the Texas Enterprise Zone Act
("Act").
WHEREAS, the City of Corpus Christi ("City") has previously passed on October 14,
2003, Ordinance No. 025513 electing to participate in the Texas Enterprise Zone
Program, and the local incentives offered under this Resolution are the same on this
date as were outlined in Ordinance No. 025513;
WHEREAS, the EDT through the Bank will consider VALERO as a double jumbo
enterprise project pursuant to a nomination and an application made by the City;
WHEREAS, the City desires to pursue the creation of the proper economic and social
environment in order to induce the investment of private resources in productive
business enterprises located in the City and to provide employment to residents of
enterprise zones and to other economically disadvantaged individuals;
WHEREAS, pursuant to the Act, VALERO has applied to the City for designation as a
double jumbo enterprise project; and
WHEREAS, the City finds that VALERO, located at 5900 Up River Road, Corpus
Christi, Texas 78409, meets the criteria for designation as a double jumbo enterprise
project under the Act on the following grounds:
1. VALERO is a "qualified business" under Section 2303.402 of the Act since
it will be engaged in the active conduct of a trade or business at a qualified
business site located in an enterprise zone and at least twenty-five
percent (25.0%) of the business' new employees will be residents of an
enterprise zone or economically disadvantaged individuals;
2. VALERO is located in an enterprise zone, which is in Census Tract 63,
Block Group 1, as defined by the most recent federal decennial census
available at the time of designation, in which at least 20 percent of the
residents of the block group have an income at or below 100 percent of
the federal poverty level;
3. There has been and will continue to be a high level of cooperation
between public, private, and neighborhood entities within the area; and
4. The designation of VALERO as a double jumbo enterprise project will
contribute significantly to the achievement of the plans of the City for
development and revitalization of the area;
WHEREAS, the City finds that VALERO meets the criteria for tax relief and other
incentives adopted by the City and nominates VALERO for double jumbo enterprise
029689
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project status on the grounds that it will be located at a qualified business site and will
create a higher level of employment, economic activity, and stability; and
WHEREAS, the City finds that it is in the best interest of the City to nominate VALERO
as a double jumbo enterprise project pursuant to the Act;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
CORPUS CHRISTI, TEXAS:
SECTION 1. That the findings of the City Council and its actions approving this
Resolution taken at the council meeting on November 20, 2012, are hereby approved
and adopted.
SECTION 2. That VALERO is a "qualified business" as defined in Section 2303.402 of
the Act and meets the criteria for designation as a double jumbo enterprise project as
set forth in the Act.
SECTION 3. That the enterprise project shall take effect on the date of designation of
the enterprise project by the EDT and terminate five years after the date of designation.
ATTEST:
Armando Chapa
City Secretary
THE CITY OF CORPUS CHRISTI
Nelda Martinez
Mayor
Corpus Christi, Texas
04'1A of 11,61,U iIA6-12 , 2012
The above resolution was passed by the following vote:
Nelda Martinez
Kelley Allen
Rudy Garza Jr.
Priscilla G. Leal
David Loeb
Chad Magill
Colleen McIntyre
Lillian Riojas
Mark Scott
Cul(
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0Wll.
Out7-)c_
029688
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