HomeMy WebLinkAboutResolution 3911-08-2010A Resolution
NO 3911-08-2010
NOMINATING ATC LOGISTICS & ELECTRONICS, INC AS AN ENTERPRISE
PROJECT PURSUANT TO THE TEXAS ENTERPRISE ZONE ACT, CHAPTER 2303,
OF THE TEXAS GOVERNMENT CODE
WHEREAS, the City Council of the City of Fort Worth the `City" has previously passed Ordinance No 15733
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 m Ordinance No 15733
WHEREAS, the Office of the Governor Econommc Development and Tourism through the Economic
Development Bank `Bank" will consider ATC Logistics &Electromcs, Inc. 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 m 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"), ATC Logistics &Electromcs, Inc., has applied to the City for designation as an enterprise project;
WHEREAS, the City finds that ATC Logistics & Electronics, Inc. meets the criteria for designation as an
enterprise project under Chapter 2303 Subchapter F of the Act on the following grounds:
1 ATC Logistics & Electronics, Inc. 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 within the
governing body's jurisdiction located outside of an enterprise zone, and at least thirty five percent (35%)
of the business's new employees will be residents of an enterprise zone or econommcally 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 ATC Logistics & Electronics, Inc. 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 ATC Logistics & Electronics, Inc. meets the criteria for tax relief and other
incentives adopted by the City and nominates ATC Logistics & Electronics, Inc. for enterprise project status on
the grounds that rt is located at the qualified business site and will create a higher level of employment, econommc
activity and stability in the area, and
ORT WOR'(~Ii
_~_
RESOLUTION NO 3911-08-2010
WHEREAS, the City finds that it is in the best interest of the City to normnate ATC Logistics & Electronics, Inc.
as an enterprise project pursuant to the Act;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF FORT WORTH,
TEXAS
1 That the findings of the City and its actions approving this Resolution taken at the Council
meeting are hereby approved and adopted.
2. That ATC Logistics & Electronics, Inc., 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.
3 That the enterprise project shall take effect on the date of designation of the enterprise project by
the Bank and terrrunate five (5) years after the date of designation.
Adopted this 17"' day of August 2010 APPROVE
CITY COUNCIL
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City of Fort Worth, Texas
Mayor and Council Communication
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COUNCIL ACTION: Approved on SI'i7/2010 -Res. No 3911-08-2010
DATE Tuesday August 17 2010 REFERENCE NO **G-17011
LOG NAME 17ATCLE-RES
SUBJECT
Adopt a Resolution Nominating ATC Logistics & Electronics, Inc. as an Enterprise Project Pursuant to the
Texas Enterprise Zone Act (COUNCIL DISTRICT 2)
RECOMMENDATION
It is recommended that the City Council adopt the attached resolution nominating ATC Logistics &
Electronics Inc. as an Enterprise Project Pursuant to the Texas Enterprise Zone Act, Chapter 2303
Texas Government Code
DISCUSSION
The City Council as previously adopted Ordinance No 15733 electing to participate in the Texas
Enterprise Zone Program The Office of the Governor Economic Development and Tourism through the
Economic Development Bank, will consider ATC Logistics & Electronics Inc. as an enterprise project
pursuant to a nomination and an application made by the City
The City finds that ATC Logistics & Electronics, Inc. meets the criteria for designation as an enterprise
project under Chapter 2303 Subchapter F of the Acton the following grounds.
1 ATC Logistics & Electronics Inc. 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 within the
governing body's jurisdiction located outside of an enterprise zone and atleast 35 percent of the
business new employees will be residents of an enterprise zone or economically disadvantaged
individuals
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 ATC Logistics & Electronics, Inc. as an enterprise project will contribute
significantly to the achievement of the plans of the City for development and revitalization of the
area
ATC Logistics & Electronics Inc. provides logistical services physical distribution consumer electronic
device distribution and repair This project is located in COUNCIL DISTRICT 2
FISCAL INFORMATION /CERTIFICATION
The Financial Management Services Director certifies that this action will have no material effect on City
funds
FUND CENTERS
Logname• 17ATCLE RES Page 1 of 2
TO Fund/Account/Centers
CERTIFICATIONS
Submitted for City Manager's Office bv:
Originating Department Head.
Additional Information Contact:
FROM Fund/Account/Centers
Thomas Higgins (6192)
Jay Chapa (5804)
Robert Sturns (8003)
Ana Alvarado (2661)
Logname 17ATCLE RES Page 2 of 2