HomeMy WebLinkAbout022051 RES - 10/11/1994RESOLUTION
A RESOLUTION NOMINATING AND DESIGNATING FIRST DATA
CORPORATION, AS A QUALIFIED BUSINESS AND ENTERPRISE PROJECT
PURSUANT TO THE TEXAS ENTERPRISE ZONE ACT, TEX. GOV'T CODE
ANN. § CHAPTERS 2303.001-2303.515 (Vernon 1994).
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;
WHEREAS, the City of Corpus Christi City Council ("City Council") has nominated the
Corpus Christi Enterprise Zone Expansion subject to Texas Department of Commerce
designation of same;
WHEREAS, the Texas Enterprise Zone Act, V.T.C.A., Government Code, Chapter 2303
(the "Act") authorizes the designation of enterprise projects within an enterprise zone;
WHEREAS, the City finds that First Data Corporation, or its successor in interest ("First
Data") meets the criteria for designation as an enterprise project under the Act of June 19, 1993,
73rd Leg. Chapter 986, §31, on the following grounds:
1. First Data is a "qualified business" under Section 2303.401 of the Act since it is
engaged in the active conduct of a trade or business in the Zone and at least
twenty-five (25 %) percent of the additional employees will be residents of the
Zone or economically disadvantaged individuals;
2. First Data 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 First Data 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 interest of the City to nominate First Data
as an enterprise project pursuant to the Act;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF CORPUS CHRISTI, TEXAS, THAT:
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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. First Data is a "qualified business", as defined in Section 2303.401 of the
Act, and meets the criteria for designation as an enterprise project, as set forth in Section
2303.105 of the Act.
SECTION 3. The City hereby nominates First Data as an enterprise project in
accordance with Section 2303.105 of the Act, and authorizes the City Manager or his designee
to file an application requesting designation of First Data 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 2303.107 of the Act.
SECTION 4. Upon approval of the Texas Department of Commerce, the enterprise
project will be named First Data Corporation - Corpus Christi Facility.
SECTION 5. 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.
ATTEST:
City Secretary
City of Corpus Christi CITY OF CORPUS CHRISTI
MAYOR
APPROVED:
4 DAY OF Oct &c✓ , 1994
JAMES R. BRAY, CITY ATTORNEY
By
City`Atorney
City of Corpus Christi
day of I'-�_Z ' r.
, 19r it
The above resolution was passed by the following vote:
Mary Rhodes
Clif Moss
Melody Cooper
Edward A. Martin
Betty Jean Longoria
Cezar Galindo
Dr. Jack Best
Dr. David McNichols
David Noyola
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