HomeMy WebLinkAbout027479 RES - 11/13/2007Page 1 of 4
RESOLUTION
NOMINATING STRIPES LLC, TO THE OFFICE OF THE GOVERNOR
ECONOMIC DEVELOPMENT T TOURISM THROUGH THE ECONOMIC
DEVELOPMENT 1ELOPMENT BIND FOR DESIGNATION AS A QUALIFIED
BUSINESS AND SINGLE RETAINED JOB 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, 200 3, passed Ordinance No.
025513 electing to participate in the Texas Enterprise Zone Program, and the local incentives
offered under this resolution are the same on this date as were outlined in Ordinance N.
025513;
WHEREAS, the Office of the Governor Economic Development and Tourism "EDT}' through
the Economic Development Bank "Bank" will consider Stripes LLC "Stripes" 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"), Stripes has applied to the City for designation as an enterprise
project;
WHEREAS, the City finds that Stripes, to be located at 4525 Ayers Street, meets the criteria for
designation as an enterprise project under Chapter 2303, Subchapter F of the Act on the
following grounds:
1. Stripes is a "qualified business's 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
within the governing body's jurisdiction located inside of 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
2. There has been and will continue to be a high level of cooperation between public,
private, and neighborhood entities within the area; and
3. The designation of Stripes as an enterprise project will contribute significantly to the
achievement of the plans of the City for development and revitalization of the area, and
WHEREAS, the City finds that Stripes meets the criteria for tax relief and other incentives
adopted by the City and nominates Stripes as a single retained job enterprise project on the
grounds that it will be located at the qualified business site, will retain its existing level of
employment, economic activity and stability;
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WHEREAS, the City finds that it is in the best interest of the City to nominate Stripes as a single
retained job 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 Stripes is a "qualified business," as defined in Section 2303.402 of the Act,
and meets the criteria for designation as a single retained job 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 agency and terminate on December 3, 2012.
ATTEST:
Armando Chapa
City Secretary
APPROVED as to form: November 8, 2007
Itk)
G-fryW Smith
Assistant City Attorney
For City Attorney
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CITY OF OPUS CHRISTI
1444J
'rr Garr
Mayor
Corpus Christi, Texas
134' day of !\100,6i 12,/K , 2006
The above resolution was passed by the following vote:
Henry Garrett
Melody Cooper
Larry Elizondo, Sr.
Mike Rummell
Bill Kelly
Priscilla G. Leal
John E. Marez
Nelda Martinez
Michael it Cut h n
Aair\
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THE STATE OF TEXAS §
COUNTY OF N EC ES
1, Armando Chapa, City Secretary, of the City of Corpus Christi, Texas, do hereby
certify that the above and foregoing is a true and correct copy of Resolution Number
passed by the City of Corpus Christi City Council on the this day of
} 2007.
Armando Chapa
City Secretary
THE STATE OF TEXAS
COUNTY of N ECES
BEFORE ME, the undersigned authority, on this day personally appeared
Armando Chapa, CitySecretary 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 day of _- , 2007.
Notary Public, State of Texas
My commission expires: _
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