HomeMy WebLinkAbout023868 RES - 12/14/1999RESOLUTION
A RESOLUTION NOMINATING AND DESIGNATING
GULF COAST ENTERTAINMENT, L.L.C. AS A
QUALIFIED BUSINESS AND ENTERPRISE PROJECT
PURSUANT TO THE TEXAS ENTERPRISE ZONE ACT,
CHAPTER 2303, TEXAS GOVERNMENT CODE.
WHEREAS, the City of CORPUS CHRISTI, Texas ("CORPUS CHRISTI") 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 City of CORPUS CHRISTI
Enterprise Zone ("Enterprise Zone") and will provide employment to residents of the Enterprise
Zone and to other economically disadvantaged individuals; and
WHEREAS, the Texas Enterprise Zone Act, Chapter 2303, Texas Government Code, as
amended, (the "Act") authorizes the designation of enterprise projects within an enterprise zone,
and
WHEREAS, the City finds that GULF COAST ENTERTAINMENT, LIMITED
LIABILITY CORPORATION ("GULF COAST ENTERTAINMENT, L.L.C."), or its
successor in interest, meets the criteria for designation as an enterprise project under the Act on
the following grounds:
1. GULF COAST ENTERTAINMENT, L.L.C. is a "qualified business"
under Section 2303.402 of the Act since it is engaged in the active conduct
of a trade or business in the Enterprise Zone and at least twenty-five (25%)
percent of the additional employees will be residents of the Enterprise
Zone or economically disadvantaged individuals;
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2. GULF COAST ENTERTAINMENT, L.L.C. is located in the
Enterprise 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 Enterprise
Zone; and
4. The designation of GULF COAST ENTERTAINMENT, L.L.C. as an
enterprise project will contribute significantly to the achievement of the
plans of the City for development and revitalization of the Enterprise
Zone.
WHEREAS, the City finds that it is in the best interest of the City to nominate GULF
COAST ENTERTAINMENT, L.L.C. as an enterprise project pursuant to the Act; therefore,
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF CORPUS
CHRISTI, TEXAS:
1. The findings of the City Council and its actions approving this Resolution taken during its
Regular Meeting are hereby approved and adopted.
2. GULF COAST ENTERTAINMENT, L.L.C. is a "qualified business", as defined in
Section 2303.402 of the Act, and meets the criteria for designation as an enterprise project.
3. The City hereby nominates GULF COAST ENTERTAINMENT, L.L.C. as an enterprise
project pursuant to the Act, and authorizes the City Manager or his designee to file an application
requesting designation of GULF COAST ENTERTAINMENT, L.L.C. as an enterprise project
with the Texas Department of Economic Development, and to execute all documents and
agreements necessary to process said application.
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4. The City fmds and determines that GULF COAST ENTERTAINMENT, L.L.C. meets
the criteria for tax relief and other incentives adopted by the City and hereby nominates GULF
COAST ENTERTAINMENT, L.L.C. as an enterprise project in accordance with the Act on the
grounds that it will be located wholly within the Enterprise Zone, and will create a higher level
of employment, economic activity and stability.
5. The City fmds and determines that it is in the best interest of the City to nominate GULF
COAST ENTERTAINMENT, L.L.C. as an enterprise project pursuant to the Act.
6. Upon approval of the Texas Department of Economic Development, the Enterprise
Project will be named GULF COAST ENTERTAINMENT, L.L.C. - CORPUS CHRISTI
Project.
7. The enterprise project shall take effect on the date of designation of the enterprise project
noted by the Texas Department of Economic Development and terminate five (5) years after date
of designation.
INTRODUCED AND PASSED by the City Council of the City of CORPUS CHRISTI,
Texas, this 14TH Day of DECEMBER, 1999.
ATTEST:
Armando Chapa, City Secretary
The City of Corpus Christi
Samuel L. Neal, Jr. M
Legal form approved on [¢.):)q,ctJLh_ se , 1999;9James R. Bray, Jr., City Attorney
By: t 4 (ci&.& 0 Ca-Wa
Alison Gallaway, F' st Assistant City AttorQy
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Corpus Christi, Texas
Day of lLV , 1 1
The above resolution was passed by the following vote:
Samuel L. Neal, Jr.
Javier D. Colmenero
Melody Cooper
Henry Garrett.
Dr. Arnold Gonzales
Rex A. Kinnison
Betty Jean Longoria
John Longoria
Mark Scott
023868
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