HomeMy WebLinkAbout030840 RES - 05/17/2016 Page 1 of 3
Resolution nominating CITGO Refining and Chemicals, LP ("CITGO")
to the Office of the Governor Economic Development & Tourism
("EDT") through the Economic Development Bank ("Bank") as a
single 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 CITGO as an 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, CITGO has applied to the City for designation as a
enterprise project; and
WHEREAS, the City finds that CITGO, located at 1802 Nueces Bay Blvd, Corpus
Christi, Texas 78407, meets the criteria for designation as an enterprise project under
the Act on the following grounds:
1. CITGO 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 within the governing body's jurisdiction located outside of an
enterprise zone and at least twenty-five percent (25.0%) of the business'
new permanent jobs in the enterprise zone will be held by residents of an
enterprise zone, economically disadvantaged individuals, or veterans; and
2. CITGO is located in Census Tract 6, Block Group 2, as defined by the
most recent federal decennial census available at the time of designation;
and
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 CITGO as an 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 CITGO meets the criteria for tax relief and other
incentives adopted by the City and nominates CITGO for an 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 CITGO as
an 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 are hereby approved and adopted.
SECTION 2. That CITGO is a "qualified business" as defined in Section 2303.402 of
the Act and meets the criteria for designation as an 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
WeiCa12./C-CA:±-, (Az-A&
Rebecca Huerta Nelda Martinez
City Secretary Mayor
Page 3 of 3
Corpus Christi, Texas
I 'l °f T , �o � �
The above resolution was passed by the following vote:
Nelda Martinez I
Rudy Garza
Michael Hunter
/ /
Chad Magill
Colleen McIntyre
Brian Rosas
Lucy Rubio
Mark Scott I �'
Carolyn Vaughn
030840