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HomeMy WebLinkAbout032028 RES - 02/18/2020 Page 1 of 3 Resolution nominating Flint Hills Resources Corpus Christi, LLC to the Office of the Governor Economic Development& Tourism through the Economic Development Bank as an enterprise project pursuant to the Texas Enterprise Zone Act. WHEREAS, the City of Corpus Christi ("City") has previously passed on August 29, 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 Office of the Governor Economic Development and Tourism ("EDT") through the Economic Development Bank ("Bank") will consider Flint Hills Resources Corpus Christi, LLC ("Flint Hills") 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, to other economically disadvantaged individuals and to veterans; WHEREAS, pursuant to Chapter 2303, Subchapter F of the Texas Enterprise Zone Act ("Act"), Flint Hills has applied to the City for designation as an enterprise project; WHEREAS, the City finds that Flint Hills meets the criteria for designation as an enterprise project under Chapter 2303, 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 in an enterprise zone and at least twenty-five percent (25.0%) of the business' new permanent jobs will be residents of an enterprise zone, economically disadvantaged individuals or veterans; and 2. Flint Hills is located in Census Tract 63, Block Group 1, 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 Flint Hills 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 Flint Hills meets the criteria for tax relief and other incentives adopted by the City and nominates Flint Hills for 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 032028 SCANNED Page 2 of 3 WHEREAS, the City finds that it is in the best interest of the City to nominate Flint Hills 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 on February 18, 2020, 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 an enterprise project as set forth in Section 2303.402, 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 EDT and terminate 5 years after the date of designation. ,. 03 20 28 Page 3 of 3 PASSED AND APPROVED on the 1 day of 2020: Joe McComb At-'61k Roland Barrera ALA-- Rudy Garza /4fs1/4. A Paulette M. Guajardo Gil Hernandez Michael Hunter Ben Molina Y_ Everett Roy Greg Smith ATTEST: CITY OF CORPUS CHRISTI Rebecca Huerta J%- cComb City Secretary - r W2.028