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RESOLUTION
NOMINATING OVERHEAD DOOR CORPORATION, HORTON
AUTOMATICS DIVISION TO THE OFFICE OF THE GOVERNOR
ECONOMIC DEVELOPMENT & TOURISM, THROUGH THE ECONOMIC
DEVELOPMENT BANK, FOR DESIGNATION AS A 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, 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 Overhead Door
Corporation, Horton Automatics Division ("Horton Automatics") as an enterprise project
under a nomination and an application made by the City;
WHEREAS, the City desires to create the proper economic and social environment in
order to induce the investment of private resources in productive business enterprises
within the City, and to provide employment to residents of enterprise zones and to other
economically disadvantaged individuals;
WHEREAS, under Subchapter F of the Texas Enterprise Zone Act (Chapter 2303,
Texas Government Code ["Act"}), Horton Automatics has applied to the City for
designation as an enterprise project; and
WHEREAS, the City finds that Horton Automatics, located at 4242 Baldwin Blvd.,
Corpus Christi, Texas, meets the criteria for designation as an enterprise project under
Subchapter F of the Act on the following grounds:
1. Horton Automatics 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 City's jurisdiction, is 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;
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 Horton Automatics as an enterprise project will contribute
significantly to the achievement of the plans of the City for development and
revitalization of the area;
028184
Horton Automatics Enterprise Zone Nomination Resolution -- 05192009
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WHEREAS, the City finds that Horton Automatics meets the criteria for tax relief and
other incentives adopted by the City and nominates Horton Automatics as a single
retained job enterprise project on the grounds that it will be located at a qualified
business site and will retain its existing level of employment, economic activity, and
stability; and
WHEREAS, the City finds that it is in the best interest of the City to nominate Horton
Automatics as a single retained job enterprise project pursuant to the Act;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
CORPUS CHRISTI, TEXAS:
SECTION 1. That the findings of the City Council and its actions approving this
resolution taken at the City Council meeting held on May 26, 2009, are approved and
adopted.
SECTION 2. That Horton Automatics 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 under 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 June 1, 2014.
ATTEST: CITY OF CORPUS CHRISTI
Armando Chapa
City Secretary
APPROVED as to form: May 19, 2009
Ry i%inin
First Assistant City Attorney
For City Attorney
Joe L1rdce'
Mayor
Horton Automatics Enterprise Zone Nomination Resolution -- 05192009.doc
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Corpus Christi, Texas
TV) , 2009
The above resolution was passed bby-. the following vote:
/447
elf41(4
0
Joe Adame
Chris N. Adler
Brent Chesney
Larry Elizondo, Sr.
Kevin Kieschnick
Priscilla G. Leal
John E. Marez
Nelda Martinez
Mark Scott
028184
Horton Automatics Enterprise Zone Nomination Resolution -- 05192009