HomeMy WebLinkAbout030331 RES - 11/18/2014 Page 1 of 2
Resolution nominating voestalpine Texas LLC ("voestalpine") to the
Office of the Governor Economic Development & Tourism ("EDT")
through the Economic Development Bank ("Bank") as a Double
Jumbo Enterprise Project pursuant to the Texas Enterprise Zone Act
("Act").
WHEREAS, the City of Corpus Christi ("City") has previously passed on August 26,
2014, Ordinance No. 030260 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. 030260;
WHEREAS, the EDT through the Bank will consider voestalpine as a double jumbo
enterprise project pursuant to a nomination and an application made by the City;
WHEREAS, the City desires to pursue the creation of the proper economic and social
environment in order to induce the investment of private resources in productive
business enterprises located in the City and to provide employment to residents of
enterprise zones and to other economically disadvantaged individuals;
WHEREAS, pursuant to the Act, voestalpine has applied to the City for designation as a
double jumbo enterprise project; and
WHEREAS, the City finds that voestalpine, located at 2800 La Quinta Terminal Road,
Portland, Texas 78374, meets the criteria for designation as a double jumbo enterprise
project under the Act on the following grounds:
1. voestalpine 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 outside of an enterprise zone and at least
thirty-five percent (35.0%) of the business' retained employees are
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 in the area: and
3. The designation of voestalpine as a double 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 voestalpine meets the criteria for tax relief and other
incentives adopted by the City and nominates voestalpine for double jumbo enterprise
project status on the grounds that it will be located at a qualified business site and will
create a higher level of employment, economic activity, and stability; and
WHEREAS, the City finds that it is in the best interest of the City to nominate
voestalpine as a double jumbo enterprise project pursuant to the Act;
030331
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Page 2 of 2
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 council meeting on November 18, 2014, are hereby approved
and adopted.
SECTION 2. That voestalpine is a "qualified business" as defined in Section 2303.402
of the Act and meets the criteria for designation as a double jumbo enterprise project as
set forth in the Act.
SECTION 3. That the enterprise project shall take effect on the date of designation of
the enterprise project by the EDT and terminate 5 years after the date of designation.
ATTEST: THE CITY OF CORPUS CHRISTI
?..5-Le--eC-e-, 4-^-el4CA
k----
ebecca Huerta \\\2-
Nelda Martinez
City Secretary Mayor
Corps livristi, TeAa^s 1 �'
of I WNUV\oe( , 2014
The above resolution was passed by the following vote:
Nelda Martinez
Kelley Allen ICUIL
Rudy Garza Jr.
Priscilla G. Leal CUOYA-
David Loeb CLW
Chad Magill __4
Colleen McIntyre /_,!
Lillian Riojas
Mark Scott 0
I
030331