HomeMy WebLinkAbout028247 ORD - 07/28/2009Page 1 of 3
RESOLUTION
NOMINATING VALERO REFINING — TEXAS, L.P., TO THE OFFICE OF
THE GOVERNOR ECONOMIC DEVELOPMENT & TOURISM,
THROUGH THE ECONOMIC DEVELOPMENT BANK, FOR
DESIGNATION AS A 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 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 a triple jumbo 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"j), Valero has applied to the City for designation as a
triple jumbo enterprise project; and
WHEREAS, the City finds that Valero, located at 5900 Up River Road, Corpus Christi,
Texas 78407-1001, meets the criteria for designation as a triple jumbo enterprise
project under Subchapter F of the Act on the following grounds:
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 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. Valero is located in an Enterprise Zone, which is also an area designated
by the Federal Government as a Renewal Community (Section
2303.101(2) of the Act) and in Census Tract 50, Block Group 1, 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 have an income at or below 100 percent of the federal poverty level
(Section 2303.101(1) of the Act);
0;'824'7
Valero Enterprise Project Nomination Resolution -- 07232009.doc
Page 2of3
3. There has been and will continue to be a high level of cooperation
between public, private, and neighborhood entities within the area; and
4. The designation of Valero as a triple jumbo enterprise project will
contribute significantly to the achievement of the plans of the City for
development and revitalization of the area;
WHEREAS, the City finds that Valero meets the criteria for tax relief and other
incentives adopted by the City and nominates Valero 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 Valero as
a triple jumbo enterprise project under 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 July 28, 2009, are approved and
adopted.
SECTION 2. That Valero 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 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 September 1, 2014.
ATTEST:
Armando Chapa
City Secretary
APPROVED: 22nd day of July, 2009.
R. ining
First Assistant ' ity Attorney
For City Attorney
Valero Enterprise Project Nomination Resolution -- 07232009.doc
THE CITY OF CORPUS CHRISTI
kelat
Joe Ome
G^?�112ec
Mayor
Page 3 of 3
Corpus Christi, Texas
f
, 2009
The above resolution was passed by the following vote:
Joe Adame
Chris N. Adler
Brent Chesney
Larry R. Elizondo, Sr.
Kevin Kieschnick
Priscilla Leal
John E. Marez
Nelda Martinez
Mark Scott
A
Alf
442
028247
Valero Enterprise Project Nomination Resolution -- 07232009.doc