HomeMy WebLinkAbout025760 RES - 05/18/2004Page 1 of 4
RESOLUTION
NOMINATING VALERO REFINING COMPANY - TEXAS, L.P. TO THE
OFFICE OF THE GOVERNOR ECONOMIC DEVELOPMENT &
TOURISM (EDT) THROUGH THE ECONOMIC DEVELOPMENT BANK
(BANK) FOR DESIGNATION AS A QUALIFIED BUSINESS AND
TRIPLE JUMBO ENTERPRISE PROJECT (PROJECT) UNDER THE
TEXAS ENTERPRISE ZONE PROGRAM UNDER THE TEXAS
ENTERPRISE ZONE ACT, CHAPTER 2303, TEXAS GOVERNMENT
CODE (ACT)
WHEREAS, the City of Corpus Christi ("City") on October 14, 2003, passed Ordinance
No. 025513 electing to participate in the Texas Enterprise Zone Program, and the local
incentives offered under this resolution are substantially the same on this date as were
outlined in Ordinance No. 025513;
WHEREAS, the Office of the Governor Economic Development and Tourism ("EDT")
through the Economic Development Bank ("Bank") will consider Valero Refining
Company - Texas, L.P. ("Valero Refining"), a wholly owned subsidiary of Valero
Energy Corporation ("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 and to other economically disadvantaged individuals;
WHEREAS, under Chapter 2303, Subchapter F of the Fexas Enterprise Zone Act]
Texas Government Code (the "Act"), Valero Refining has applied to the City for
designation as an enterprise project;
WHEREAS, the City finds that Valero Refining meets the criteria for designation as an
enterprise project under Chapter 2303, Subchapter F of the Act on the following
grounds:
Valero Refining 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 employees will be residents of an enterprise zone
or economically disadvantaged individuals; and
There has been and will continue to be a high level of cooperation between
public, private, and neighborhood entities within the area; and
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The designation of Valero Refining 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 Refining meets the criteria for tax relief and other
incentives adopted by the City and nominates Valero Refining as a triple jumbo
enterprise project on the grounds that it will be located at the qualified business site, will
invest a minimum of $250,000,000 over the proposed project period, maintain the
current level of employment, and create greater economic activity and stability; and
WHEREAS, the City finds that it is in the best interest of the City to nominate Valero
Refining as a triple jumbo enterprise project pursuant to the Act;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
CORPUS CHRISTI, TEXAS:
That the findings of the City and its actions approving this resolution taken
at the council meeting are hereby approved and adopted.
BE IT FURTHER RESOLVED that Valero Refining is a "qualified business", as defined
in Section 2303.402 of the Act, and meets the criteria for designation as a triple jumbo
enterprise project, as set forth in Section 2303, Subchapter F of the Act.
BE IT FURTHER RESOLVED that the enterprise project shall take effect on the date of
designation of the enterprise project by the EDT and terminate five years from that date.
PASSED BY THE CITY COUNCIL OF THE CITY OF CORPUS CHRISTI, TEXAS, this
~-day of ~, 2004.
ATTEST:
Armando Chapa
City Secretary
THE CITY OF CORPUS CHRISTI
Mayor
A/~VED 13 May 2004
Doyle D. Curtis
Chief, Administrative Law Section
Senior Assistant City Attorney
For City Attorney
The above resolution was passed by the following vote:
Samuel L, Neal, Jr.
Brent Chesney
Javier D. Colmenero
Melody Cooper
Henry Garrett
Bill Kelly
Rex A. Kinnison
Jesse Noyola
Mark Scott
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Page 4 of 4
THE STATE OF TEXAS §
COUNTY OF NUECES§
., 0d'htl~O ~-~L, ~j~ ~¢~el~lof the City of Corpus Christi, Texas, do hereby
certify that th.e abovl~ and foregoing Cs a true and correct copy of Resolution Number
~ 2 !~ '~ h ~ passed by the C ty of Corpus Christi City Council on the this
of /')&o~, 2004.
(City Seal)
Armando Chapa
City Secretary
THE STATE OF TEXAS §
COUNTY OF NUECES§
BEFORE ME, the undersigned authority, on this day personally appeared "/~m,~.uoo L/'~m~,~
of the City of Corpus Christi, Texas, known to me to be the person
whose name is subscribed to the foregoing instrument, and acknowledged to me that he
executed the same for the purposes and consideration therein expressed.
GIVEN under my hand and seal of office this 20 day of~, 2004
Notary Pub,~ Stale of lexas
My commission expires: ~r.u~r ~2 2~a~ff
(Notary Seal) /
¢ ~ TERi.J SANTOYA ,~
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