HomeMy WebLinkAbout027480 RES - 11/13/2007Page 1 of 4
RESOLUTION
COMMITTING TO NOMINATE VALERO REFINING — TEXAS, L.P. TO
THE OFFICE OF THE GOVERNOR OR ECONOMIC DEVELOPMENT &
TOURISM THROUGH THE ECONOMIC DEVELOPMENT BANK FOR
DESIGNATION AS A QUALIFIED BUSINESS AND TRIPLE JUMBO
JOB ENTERPRISE PROJECT UNDER THE TEXAS ENTERPRISE
ZONE PROGRAM UNDER THE TEXAS ENTERPRISE ZONE ACT,
CHAPTER 2303, TEXAS GOVERNMENT CODE FOR THE NEXT
BIENNIUM BEGINNING IN OCTOBER, 2009
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 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 — Texas, L.P. ("Valero"
as an enterpriserojJt pursuant to a nomination and an application to be made by the City for
the next biennium beginning October, 2009;
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", Valero will apply to the City for designation as an enterprise
project;
WHEREAS, the City anticipates that Valero will meet the criteria for designation as an
enterpriseJroj t under Chapter 2303, Subchapter F of the Act on the following grounds:
p
1. Valero 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
within the governing body's jurisdiction located inside of an enterprise zoneand at least
residentsof an
twenty-five percent (25.0%)of the business new employees will be
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 Valero as an enterprise project will contribute significantly to the
achievement of the plans of the City for development and revitalization of the area, and
4. Valero is located in the Enterprise Zone that is also designated by the federal
government as a Renewal Community.
027480
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WHEREAS, the City anticipates that Valero will meet the criteria for tax relief and other
incentives adopted by the City and commits to nominating Valero as a triple jumbo job
enterprise project on the grounds that it will be located at the qualified business site, will retain
its existing level of employment and an increased level of economic activity and stability, upon
filing a full and complete application and providing additional information as requested;
WHEREAS, the City finds that it is in the best interest of the City to commit to nominate Valero
as a triple jumbo job enterprise project pursuant to the Act; and
NOW, THEREFORE, BE IT RESOLVED ED 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 . That the City Council commits to nominating Valero upon filing a full and complete
application and providing additional information as requested as a "qualified business," as
defined in Section 2303.402 of the Act, and as a triple jumbo job enterprise project, as set forth
in Section 2303, Subchapter F of the Act and the designation of the enterprise project as a triple
jumbo enterprise project will count as three designations against the total number of
designations allowed in the next biennium to begin October, 2009.
ATTEST:
Armando Chapa
City Secretary
APPROVED as to form: November 8, 2007
Ga W. Smith
Assistant City Attorney
For City Attorney
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CITY 0 CORPUS S CHRISTI
enry Garr
Mayor
Corpus Christi, Texas
1
day of N'�VQfflbVL , Zoas
The above resolution was passed by the following vote:
Henry Garrett
Melody Cooper
-146(
Larry Eli and , Sr.
Mike Hammell
Bill Kelly
Priscilla G. Leal
John E. Marez
Nelda Martinez
Michael McCutchon
AAA
4
AbA
02144 80
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THE STATE OF TEXAS §
COUNTY OF NUECES §
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 NUECES §
BEFORE ME, the undersigned authority, on this day personally appeared
Armando Chapa, City Secretary of the City of Corpus Christi, Texas, known to me to be
thep rson whose name issubscribed to the foregoing instrument, and 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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