HomeMy WebLinkAboutR-2013-21 nominate Equistar/double jumbo Texas Enterprise ProjectRESOLUTION No..XI Or—
WHEREAS, the City of LaPorte, 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 double
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 double 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 Equistar Chemicals, LP as
a double 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 Pc
(SEAL)
THE STATE OF TEXAS
COUNTY OF
THE
11 of the City of LaPorte, Texas
certify t ova ari forego' is a true anorrjq
copy of esolution Number
qle!7r"o
e City of La Porte Ci ouncil on the this day of 2013.
�
atrice Fogarty
City Clerk
BEFORE ME, the undersigned authority, on this day personally appearet:&�- - , Y(�
of the City of La Porte, Texas, known to me to be the person whose n e is
subscribed o 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 thi L7 Tay of 2013
'"""^""""' NotaryPublic, State exas
ml
ti o PATRICE FOGARTY
•4'' Notary Public, State of Taxes
MyCommission�t rev ssion expires: O
ti Oecomb®r 26, 2�t 3
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