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HomeMy WebLinkAbout028721 RES - 08/17/2010'Page 1 of 3 RESOLUTION NOMINATING FLINT HILLS RESOURCES, LP, 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 Flint Hills Resources, LP, ("Flint Hills") 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"]), Flint Hills has applied to the City for designation as a triple jumbo enterprise project; and WHEREAS, the City finds that Flint Hilts, located at 2825 Suntide, Corpus Christi, Texas 78409, which is located in the City's extra territorial jurisdiction and industrial district, meets the criteria for designation as a triple jumbo enterprise project under Subchapter F of the Act on the following grounds: 1. Flint Hills 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. Flint Hills 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 02872f Flint Hills Enterprise Project Nomination Resolution -- 08112010 INDEXED ',Page 2 of 3 group have an income at or below 100 percent of the federal poverty level (Section 2303.101(1) of the Act); 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 Flint Hills 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 Flint Hilts meets the criteria for tax relief and other incentives adopted by the City and nominates Flint Hills 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 Flint Hills 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 August 17, 2010, are approved and adopted. SECTION 2. That Flint Hills 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, 2015. ATTEST: THE CITY OF CORPUS CHRISTI Armando Chapa Joe Adam= City Secretary Mayor APPROVED: 11th day of August, 2010. R. J,aS F��ining, First Assistant City Attorney For City Attorney Flint Hills Enterprise Project Nomination Resolution -- 08112010 ivadeiiet .Page 3 of 3 Corpus Christi, Texas —of , 2010 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 028721 Flint Hills Enterprise Project Nomination Resolution -- 08/12010