HomeMy WebLinkAboutR-2012-12 INEOS USA, L.L.C., as a State of Texas Enterprise Zone ProjectRESOLUTION No. ZID
WHEREAS, the City of La Porte (City) has previously passed Ordinance No. 2010-3248 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. 2010-3248;
WHEREAS, the Office of the Governor Economic Development and Tourism (EDC) through the
Economic Development Bank (Bank) will consider INEOS USA, LLC as a Triple 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 Chapter 2303, Subchapter F of the Texas Enterprise Zone Act, Texas
Government Code (the "Act"), INEOS USA, LLC has applied to the City for designation as a triple
jumbo enterprise project;
WHEREAS, the City finds that INEOS USA, LLC meets the criteria for designation as a triple jumbo
enterprise project under Chapter 2303, Subchapter F of the Act on the following grounds:
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 located in an
enterprise zone and at least twenty-five percent (25.0%) of the business' new employees will be
residents of an enterprise zone or economically disadvantaged individuals; and
There has been and will continue to be a high level of cooperation between public, private, and
neighborhood entities within the area; and
The designation of INEOS USA, LLC 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 INEOS USA, LLC meets the criteria for tax relief and other incentives
adopted by the City and nominates INEOS USA, LLC for triple jumbo enterprise project status on the
grounds that it will be located at the qualified business site, 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 INEOS USA, LLC as a
triple jumbo enterprise project 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 INEOS USA, LLC 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, Subchapter F of the Act.
BE IT FURTHER RESOLVED that the enterprise project shall take effect on the date of designation of
the enterprise project by the agency and terminate on December 31, 2017.
PASSED BY THE CITY COUNCIL of the City of La Porte this 8th d October, 2012.
(SEAL)
R.
THE STATE OF TEXAS
COUNTY OF HARRIS
I, Patrice Fogarty, City Secretary of the City of La Porte, Texas do hereby certify that the above
and foregoing is a true and correct copy of a Resolution passed by the City of La Porte City Council on
the this 8t` day of October, 2012.
(City Seal)
Patrice Fogarty
City Secretary
THE STATE OF TEXAS
COUNTY OF HARRIS
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BEFORE ME, the undersigned authority, on this day personally appeared 5
of the City of La Porte, Texas, known to me to be the person whose nami is
subscribed to the foregoing instrument, and acknowledged to me that he/she executed the same for the
purposes and consideration therein expressed.
GIVEN under my hand and seal of office this Ij day of �, 2012.
My commission expire;
tagS/1ARRISON
COMMISSION EXPIRES
"`� October 28, 2013