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Resolution nominating Valero Refining — Texas, L.P. to the Office of
the Governor Economic Development & Tourism through the
Economic Development Bank as an enterprise project pursuant to the
Texas Enterprise Zone Act.
WHEREAS, the City of Corpus Christi ("City") has previously passed on August 29, 2014,
Ordinance No. 030260 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. 030260;
WHEREAS, the Office of the Governor Economic Development and Tourism ("EDT")
through the Economic Development Bank ("Bank") will consider Valero Refining —Texas,
L.P. ("Valero") as an 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, to other economically disadvantaged individuals and to veterans;
WHEREAS, pursuant to Chapter 2303, Subchapter F of the Texas Enterprise Zone Act
("Act"), Valero has applied to the City for designation as an enterprise project;
WHEREAS, the City finds that Valero meets the criteria for designation as an enterprise
project under Chapter 2303, Subchapter F of 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 permanent jobs will be residents of an
enterprise zone, economically disadvantaged individuals or veterans; and
2. Valero is located in Census Tract 7, Block Group 1, as defined by the most
recent federal decennial census available at the time of designation; and
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 an 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 enterprise project status on the grounds
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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
an 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 October 29, 2019, 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 an enterprise project as set forth in Section
2303.402, Subchapter F of 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 5 years after the date of designation.
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PASSED AND APPROVED on they24--) day of Mr4e4-; 2019:
Joe McComb 44
Roland Barrera
Rudy Garza
Paulette M. Guajardo l--�
Gil Hernandez ," -
Michael Hunter 41)
Ben Molina ROs?A
Everett Roy
Greg Smith ►�
ATTEST: CITY OF CORPUS CHRISTI
I
Rebecca Huerta Jo- cComb
City Secretary M: .
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