HomeMy WebLinkAboutR-2019-02 nominating Valvoline LLC to the Office of the Texas Governor's Office of Economic Development and TourismRESOLUTION NO. 2019-02
A RESOLUTION OF '['HE CITY COUNCIL OF THE CITY OF LA PORTE, TEXAS,
NOMINATING VALVOLINE LLC TO THE OFFICE OF THE GOVERNOR ECONOMIC
DEVELOPMENT AND TOURISM ("OOCIEDT") THROUGH THE ECONOMIC
DEVELOPMENT BANK ("BANK") FOR DESIGNATION AS A HALF ENTERPRISE
PROJECT ("PROJECT") UNDER THE TEXAS ENTERPRISE ZONE PROGRAM UNDER
THE TEXAS ENTERPRISE ZONE ACT, CHAPTER 2303, TEXAS GOVERNMENT CODE
("ACT")
WHEREAS, on the 1011, day of May, 2010, the City of' I....a Porte, Texas (City) passed and approved Ordinance No.
2010-3248 electing to participate in the Texas Enterprise Zone Program, and the local incentives offered Linder this
resolution are the same oil this date as were outlined in Ordinance No. 2010-3248; and
WHEREAS, the Office of the Governor Economic Development and Tourism (OOGEDT) through the Economic
Development Bank (Bank) will consider Valvoline L,l-C as a half enterprise project pursuant to a nomination and an
application made by the City; and
WHEREAS, the City desires to pursue the creation of the proper economic arid 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 and veterans; and
WHEREAS, pursuant to Chapter 2303, Subchapter F of the Texas Enterprise Zone Act, Texas Government
Code (the "Act"), Valvoline I -A.0 has applied to the City for designation as a half enterprise project; and
WHEREAS, the City finds that Valvoline I,I,C meets the criteria For designation as a half enterprise project Linder Chapter
2303, Subchapter F ol'the Act on the following grounds:
1. Valvoline 1,,1,,C 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 inside all 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
any enterprise zone in this state, economically disadvantaged individuals, or veterans; and
2. There has been and will continue to be a high level of cooperation between public, private, and neighborhood
entities within the area; and
3. 'File designation of Valvoline 1,L,C as a half 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 Valvoline I.A,Cirieets the criteria for tax relief and shall pay sales tax when eligible
and the City has adopted incentives Valvoline could be eligible for arid nominates Valvoline LLC for half enterprise
project status Oil the grounds that it will be located at a qualified business site inside an enterprise zone, 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 Valvoline 1..J...Cas a haffenterprise protect
pursuant to the Act;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LA PORTE: That the findings
of the City and its actions approving this resolution taken at the council meeting are hereby approved and adopted.
BE IT FURTHER RESOLVED that Valvoline LLC is a "qualified business", as defined in Section 2303.402 of the
Act, and meets the criteria for designation as a half enterprise project, as set forth in Section 2303, Subchapter F of the
Act.
BE IT FURTHER RESOLVED that the half enterprise project designation shall take effect on the date of designation of
the half enterprise project by the OOGEDT through the Bank, and terminate five years from the date of designation.
PASSED AND APPROVED this the C; day of i C1-1 2019.
C1Tv n17 r
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APPROVED:
City Attorney
Anti TF