HomeMy WebLinkAbout027061 RES - 11/14/2006RESOLUTION
NOMINATING FLINT HILLS RESOURCES, LP, TO THE OFFICE OF
THE GOVERNOR ECONOMIC DEVELOPMENT & TOURISM
THROUGH THE ECONOMIC DEVELOPMENT BANK FOR
DESIGNATION AS A QUALIFIED BUSINESS AND TRIPLE JUMBO
ENTERPRISE PROJECT UNDER THE TEXAS ENTERPRISE ZONE
PROGRAM UNDER THE TEXAS ENTERPRISE ZONE ACT, CHAPTER
2303, TEXAS GOVERNMENT CODE
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 local incentives are the same as those made available to previously nominated
enterprise projects under Ordinance No. 025513;
WHEREAS, the Office of the Governor Economic Development and Tourism ( "EDT ") through
the Economic Development Bank ( "Bank ") will consider Flint Hills Resources, LP ( "Flint Hills ")
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 [Texas Enterprise Zone Act] Texas
Government Code (the "Act "), Flint Hills has applied to the City for designation as an enterprise
project.
WHEREAS, the City finds that Flint Hills meets the criteria for designation as an enterprise
project under Chapter 2303, Subchapter F of the Act on the following grounds:
Flint Hills 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
The designation of Flint Hills as an enterprise project will contribute significantly to the
achievement of the plans of the City for development and revitalization of the area, and
Flint Hills is located in the Enterprise Zone that is also an area designated by the federal
government as a Renewal Community [Section 2303.101 (2) of the Act] and the areas
are block groups, as defined by the most recent federal decennial census available at
the time of designation, in which at least 20 percent of the residents of the block group
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have an income at or below 100 percent of the federal poverty level [Section 2303.101
(2) of the Act]; and
5 Flint Hills qualifies for job retention benefits under Section 2303.406 (a) (4) (D) because
Flint Hills is increasing the production capacity of the business by at least ten percent
(10 %) over the proposed project designation period.
WHEREAS, the City finds that Flint Hills meets the criteria for tax relief and other incentives
adopted by the City and nominates Flint Hills as a triple jumbo enterprise project on the grounds
that it will be located at the qualified business site, will create a higher level of employment,
economic activity and stability;
WHEREAS, the City finds that it is in the best interest of the City to nominate Flint Hills as a
triple jumbo enterprise project pursuant to the Act; and
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF CORPUS
CHRISTI, TEXAS:
SECTION 1. That the findings of the City and its actions approving this resolution taken at the
council meeting are hereby approved and adopted.
SECTION 2. That Flint Hills 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.
SECTION 3. That the enterprise project shall take effect on the date of designation of the
enterprise project by the Bank and terminate five years from that date.
ATTEST:
Armando Chapa
City Secretary
APPROVED as to form: November 9, 2006
Gary W.? Smith
Assistant City Attorney
For City Attorney
CITY OF ORPUS CHRISTI
1► Ji4 L/ tIL. /L. ft
H -nry Garrett
Mayor
Corpus Christi, Texas
day of 1UV-VP.,t,bF,' , 2006
The above resolution was passed by the following vote:
Henry Garrett
Brent Chesney
John Marez
Jerry Garcia
William Kelly
Rex A. Kinnison
Melody Cooper
Jesse Noyola
Mark Scott
027061