HomeMy WebLinkAbout030332 RES - 11/18/2014 Page 1 of 2
Resolution nominating Flint Hills Resources Corpus Christi, LLC
("Flint Hills") 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 Flint Hills 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, Flint Hills has applied to the City for designation as a
double jumbo enterprise project; and
WHEREAS, the City finds that Flint Hills, located at 2825 Suntide Road, Corpus Christi
Texas 78409, meets the criteria for designation as a double jumbo enterprise project
under 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 in an enterprise zone and at least twenty-five
percent (25.0%) of the business' retained employees are residents of an
enterprise zone or economically disadvantaged individuals;
2. Flint Hills is located in an enterprise zone, which is 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;
3. The designation of Flint Hills 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 Flint Hills meets the criteria for tax relief and other
incentives adopted by the City and nominates Flint Hills 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
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WHEREAS, the City finds that it is in the best interest of the City to nominate Flint Hills
as a double jumbo 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 council meeting on November 18, 2014, are hereby 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 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
1-2..a- .ems ,.
Rebecca Huerta Nelda Martine
City Secretary Mayor
Corpus Christi, Texas
( g of , 2014
The above resolution was passed by the following vote:
Nelda Martinez
Kelley Allen
Rudy Garza Jr. I
Priscilla G. Leal
David Loeb etil(LeA4
Chad Magill S_A _►
Colleen McIntyre :.
Lillian Riojas
Mark Scott
03332