HomeMy WebLinkAbout021267 RES - 10/22/1991A RESOLUTION
NOMINATING AND DESIGNATING KOCH REFINING COMPANY, INC.
AS A QUALIFIED BUSINESS AND ENTERPRISE PROJECT PURSUANT
TO THE TEXAS ENTERPRISE ZONE ACT ARTICLE 5190.7 V.T.C.S.
WHEREAS, the City of Corpus Christi ("City") desires to pursue the creation
of an economic and social environment which will induce the investment of private resources
in productive business enterprises located in The Corpus Christi Enterprise Zone ("Zone")
and will provide employment to residents of the Zone and to other economically
disadvantaged individuals; and
WHEREAS, the City of Corpus Christi City Council (the "City Council") has
nominated The Corpus Christi Enterprise Zone Expansion subject to Texas Department of
Commerce designation of same; and
WHEREAS, the Texas Enterprise Zone Act, Vernon's Texas Civil Statutes art.
5190.7 (the "Act") authorizes the designation of enterprise projects within an enterprise
zone; and
WHEREAS, the City finds that Koch Refining Company, Inc. ("Koch") or its
successor in interest meets the criteria for designation as an enterprise project under Section
10(c) of the Act on the following grounds:
1. Koch is a "qualified business" under Section 3(a) (10) of the Act
since it is engaged in the active conduct of a trade or business
in the Zone and at least twenty-five percent (25%) of the
employees will be residents of the Zone or economically
disadvantaged individuals;
2. Koch is located in the Zone which has an unemployment rate
of not less than one and one-half (1-1/2) times the State
unemployment rate;
3. There has been and will continue to be a high level of
cooperation between public, private, and neighborhood entities
within the Zone; and
4. The designation of Koch as an enterprise project will contribute
significantly to the achievement of the plans of the City for
development and revitalization of the Zone.
WHEREAS, the City finds that it is in the best interests of the City to
nominate Koch as an enterprise project pursuant to the Act;
ORD4: 91126
021267
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NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF CORPUS CHRISTI, TEXAS, THAT:
SECTION 1. The findings of the City and its actions approving this resolution
taken at the Council Meeting are hereby approved and adopted.
SECTION 2. Koch is a "qualified business", as defined in Section 3(a) (10) of
the Act, and meets the criteria for designation as an enterprise project, as set forth in
Section 10 of the Act.
SECTION 3. The City hereby nominates Koch as an enterprise project in
accordance with Section 10 of the Act, and authorizes the City Manager or his designee to
file an application requesting designation of Koch as an enterprise project with the Texas
Department of Commerce, and to execute all documents and agreements necessary to
process said application. This nomination is subject to designation of the zone expansion
by the Texas Department of Commerce pursuant to Section 9 of the Act.
SECTION 4. Upon approval by the Texas Department of Commerce, the
enterprise project will be named Koch Refining Company, Inc. -- Corpus Christi Plant.
SECTION 5. That the enterprise project shall take effect on the date of
designation of the enterprise project by the Texas Department of Commerce and terminate
five (5) years after date of designation.
AI 1 EST:
Ci Secretary
APPROVED: 1
/7/4 DAY OF rD Mgr, 1991
JAMES R. BRAY JR., CITY ATTORNEY
By
Assistan City Attorney,
ORD4: 91126
MAYOR
CITY O RPUS CHRISTI
066
Corpus Christi, Texas
99,
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The above resolution was passed by the following vote:
Mary Rhodes ((L)t
Cezar Galindo (ELL
(°S
Leo Guerrero LC 01_ f
Betty Jean Longoria
Edward A. Martin (LL.iL
Joe McComb Cuj
Dr. David McNichols
Clif Moss (tzm,c
Mary Pat Slavik C.CCAA11
021267