11-12-12 Regular Meeting of La Porte City Council

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REQUEST FOR CITY COUNCIL AGENDA ITEM Appropriation Agenda Date Requested:11/12/12 Source of Funds: Requested By:Stacey Osborne Account Number: Department:CMO Amount Budgeted: Report:Resolution:xOrdinance: Amount Requested: Exhibits:A.Original Resolution 2012-12 Budgeted Item:YES NO B.NewResolutionDraft SUMMARY & RECOMMENDATION On October 8, 2012 City Council approved Resolution No. 2012-12 designatingINEOS USA, L.L.C., as a State of Texas Enterprise Zone Project. While preparing the final application, the consultant for the project, Eric Geisler, noted an error in the original Resolution in Paragraph 4, Section 1 of the resolution. Mr. Geisleris asking Council to rescind Resolution 2012-12 and replace it with a new Resolution that contains the following amendment. Change Paragraph 4, Section 1 to read as follows: “INEOS USA, LLC 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 not located in an enterprise zone and at least thirty-five percent (35.0%) of the business’s new employeeswill be residents of an enterprise zone or economically disadvantaged individuals; and” This is amended from the paragraphin the original Resolution No. 2012-12, which read as follows: “INEOS USA, LLC is a “qualified business” under Section 2303.402 of the Act since it will be engaged in the active conduct of atrade or business at a qualified business site located in an enterprise zone and at least twenty-five percent (25.0%) of the business’s new employeeswill be residents of an enterprise zone or economically disadvantaged individuals; and” Mr. Geisler and staff are available to answer any questions Council may have.