HomeMy WebLinkAbout033652 RES - 05/13/2025 Page 1 of 2
Resolution nominating CITGO Refining and Chemicals Company L.P.
("CITGO") to the Office of the Governor Economic Development &
Tourism ("EDT") through the Economic Development Bank ("Bank")
as a single enterprise project pursuant to the Texas Enterprise Zone
Act ("Act").
WHEREAS, the City of Corpus Christi ("City") has previously passed on August 26, 2014,
Ordinance No. 030260 electing to participate in the Texas Enterprise Zone Program, and
the local incentives offered under this Resolution are exactly the same on this date as
were outlined in Ordinance No. 030260;
WHEREAS, the EDT through the Bank will consider CITGO Refining and Chemicals
Company L.P., hereinafter "CITGO" 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
and to other economically disadvantaged individuals;
WHEREAS, pursuant to the Act, CITGO has applied to the City for designation as a
enterprise project; and
WHEREAS, the City finds that CITGO, located at 1801 Nueces Bay Blvd, Corpus Christi,
Texas 78407, meets the criteria for designation as an enterprise project under the Act on
the following grounds:
1. CITGO Refining and Chemicals Company L.P. ("CITGO) 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 within the
governing body's jurisdiction located outside of an enterprise zone and at
least thirty-five percent (35.0%) of the business' new permanent jobs in the
enterprise zone will be held by residents of an enterprise zone,
economically disadvantaged individuals, or veterans; and
2. CITGO is located in Census Tract 6.02, 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 CITGO 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 CITGO meets the criteria for tax relief and other incentives
adopted by the City and nominates CITGO for an 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 CITGO 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 are hereby approved and adopted.
SECTION 2. That CITGO Refining and Chemicals Company L.P. ("CITGO") 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 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.
PASSED and APPROVED on the 13'\hday of , 2025.
I
ATTEST:
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Pau ette Guajardo, . or Rebecca Huerta, CG 5ecretary
033652