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Home My WebLink About030260 ORD - 08/26/2014 ORDINANCE Authorizing the City Of Corpus Christi to participate in the Texas Enterprise Zone Program under the Texas Enterprise Zone Act, Chapter 2303, Texas Government Code (The "Act"), providing tax incentives; Designating a liaison for overseeing Enterprise Projects and communicating with interested Parties WHEREAS, the City of Corpus Christi, Texas ("Corpus Christi") desires to create the proper economic and social environment to induce the investment of private resources in productive business enterprises located in severely distressed areas of the City and to provide employment to residents of those areas; and WHEREAS, with proper notice to the public, a public hearing to consider this ordinance was held on Tuesday, August 19, 2014, during a meeting of the City Council, in the Council Chambers, at City Hall, in the City of Corpus Christi, during which all interested persons were allowed to appear and be heard; and WHEREAS, the City Council has determined that passage of this ordinance would best serve public health, necessity, and convenience and the general welfare of the City of Corpus Christi and its citizens. NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF CORPUS CHRISTI, TEXAS: SECTION 1. The local incentives identified and summarized briefly in the attached Exhibit A, at the election of the governing body, are or will be made available to the nominated Project or activity of the qualified business site. SECTION 2. The City designates the City Manager or his designee as the City's liaison to communicate and negotiate with the EDT through the Bank and enterprise project(s) and to oversee zone activities and communications with qualified businesses and other entities in an enterprise zone or affected by an enterprise project. SECTION 3. This order shall take effect from and after its passage as the law and charter in such case provides. That the foregoing ordinance was read for the first time and passed to its second reading on this the 19th day of August, 2014, by the following vote: Nelda Martinez Chad Magill /. ___(*._Kelley Allen Colleen McIntyre r , i Rudy Garza Cl/IL Lillian Riojas (by.... Priscilla Leal Mark Scott David Loeb 030260 INDEXED Page 2 of 2 That the foregoing ordinance was read for the second time and passed finally on this the 26th day of August, 2014, by the following vote: Nelda Martinez Of Chad Magill Kelley Allen ay, Colleen McIntyre de__J Rudy Garza 0.1 Lillian Riojas ar Priscilla Leal a b Mark Scott Q yrc David Loeb PASSED AND APPROVED, this the 26th day of August, 2014. ATTEST: ifiegn. Rebecca Huerta Nelda Martine City Secretary Mayor 0 3026 Page 3 of 3 Exhibit "A" Incentives offered by the City of Corpus Christi Name of Incentive Description of Incentive Availability 1 Tax abatement Property tax reduction As approved by City Council Tax Increment Financing through the creation of Citywide 2 improvement Financing tax increment reinvestment zones projects 3 Freeport Exemption Property tax exemption for Citywide "Freeport Property" Economic Development Corpus Christi Business & Job 4 Sales Tax 4A Development Corporation (4A Citywide Contribution Funds; now Type A) The City may provide economic Chapter 380 incentives in accordance with the 5 Agreement Corpus Christi Chapter 380 Citywide Economic development Program Policies and Procedures The City has three industrial Must be located in Other Tax Deferrals, districts that provide a platform for one of the city's 6 Tax Refunds or Tax the City to negotiate a payment in three industrial Incentives lieu of taxes districts The City may offer reduced 7 Impact/Inspection Fee development fees or a waiver of Citywide Exemptions development fees to projects that meet specific eligibility criteria Capital Improvement in The City may provide infrastructure 8 Water and Sewer improvements for industries Citywide Facilities 9 Zoning Changes or Allows changes in the zoning and As approved by Variances variances. City Council Businesses in an industrial district Must be located in 10 Building Code are exempt from zoning, one of the city's Exemptions permitting, and building code three industrial enforcement requirements districts City may streamline the 11 Streamlined Permitting development permitting process, Citywide applicants must apply through the Corpus Christi EDC 12 Improved Fire and Safety and protection of city Citywide Police Protection residents. 13 Community Crime Neighborhood Watch Program Citywide Prevention Programs Page 4 of 4 Name of Incentive Description of Incentive Availability Special Public The City may provide special 14 Transportation Routes transportation routes or fares to Citywide or Reduced Fares city residents upon request The City is in charge of 15 Road Repair implementing a multi-faceted street Citywide improvement plan Low-Interest Loans for Encourage home ownership for 16 Housing Rehabilitation city residents through Section 108 Citywide or New Construction Loan Guarantee Program 17 Low-Interest Loans for Section 108 Loan Guarantee Citywide Business Program 18 Problem Resolution Resource center for city residents Citywide Center 19 Promotion and Corpus Christi Regional Economic Citywide Marketing Services Development Corporation Job Training and Offered through the Corpus Christi 20 Employment Services Business & Job Development Citywide Corporation Offered through the Corpus Christi 21 Retraining Program Business & Job Development Citywide Corporation Literacy and Offered through the Corpus Christi 22 Employment Skills Business & Job Development Citywide Programs Corporation Offered through the Corpus Christi 23 Vocational Education Business & Job Development Citywide Corporation Customized Job Offered through the Corpus Christi 24 Training Business & Job Development Citywide Corporation