HomeMy WebLinkAboutR-2013-15 nominating Equistar/triple jumbo Texas Enterprise Project/rescinded 10-14-13RESOLUTION NO. �0� 1 l ---=I
WHEREAS, the City of La Porte, Texas (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 Equistar Chemicals, LP 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 Chapter 2303, Subchapter F of the Texas Enterprise Zone Act, Texas
Government Code (the "Act"), Equistar Chemicals, LP has applied to the City for designation as an
enterprise project;
WHEREAS, the City finds that Equistar Chemicals, LP meets the criteria for designation as a triple
jumbo enterprise project under Chapter 2303, Subchapter F of the Act on the following grounds:
1. Equistar Chemicals, LP 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' new employees will
be residents of an enterprise zone or economically disadvantaged individuals; 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. The designation of Equistar Chemicals, LP 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 Equistar Chemicals, LP meets the criteria for tax relief and other
incentives adopted by the City and nominates Equistar Chemicals, LP for 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 Equistar Chemicals, LP 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 Equistar Chemicals, LP 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 September 3, 2018.
PASSED BY THE CITY COUNCIL of the City of La Porte, Tex i lay of 2013.
(SEAL)
Lo is q. Rigby
Ma or
THE STATE OF TEXAS
COUNTY O ARRIS
I, of the City of La Porte, Texas
do hereby certify that the 6Ae and foregoin is a true and correct c py of Resolution Number
I
PORTF -S sed by the City of La Porte City uncil on the this�Q ay of� 2013.
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�0 Patrice Fogarty
�,i City Clerk
TL T>
'��\ \ •••. IE, the undersigned authority, on this day personally appeared
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of the City of La Porte, Texas, known to me to be the person whose name is
subscrib to the foregoing instrument, and acknowledged to me that he/she executed the same for the
purposes and consideration therein expressed. ,�
(iJ IF d and seal of office th' may of , 2013
;�prr��•., PA?RICE FOGARTY
Notary Public, state of Texes
s M D®cambat 28 2013 s
�,r • ;r; Notary Public, Stat o exas
My commission expires:
(Notary Seal)