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HomeMy WebLinkAbout028184 ORD - 05/26/2009Page 1 of 3 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 Page 2 of 3 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 Page 3 of 3 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