HomeMy WebLinkAboutResolution 3741-05-2009A Resolution
NO 3741-05-2009
NOMINATING EFW INC AS AN ENTERPRISE PROJECT PURSUANT TO
THE TEXAS ENTERPRISE ZONE ACT CHAPTER 2303
TEXAS GOVERNMENT CODE
WHEREAS, the City Council previously adopted Ordinance No 15733 electing to participate m 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 and
WHEREAS, the Economic Development and Tourism division of the Office of the Governor through the
Econommc Development Bank, will consider EFW Inc as an 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 and social environment m order to
induce the investment of private resources m productive business enterprises located in the City and to provide
employment to residents of enterprise zones and to other economically disadvantaged individuals, and
WHEREAS, pursuant to Chapter 2303 Subchapter F of the Texas Government Code (the Act"), EFW Inc. has
applied to the City for designation as an enterprise project, and
WHEREAS, the City finds that EFW Inc meets the criteria for designation as an enterprise project under Chapter
2303 Subchapter F of the Act on the following grounds
1 EFW Inc is a qualified business" under Section 2303 402 of the Act since it will be engaged m 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' 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 enrities wrtlun the area, and
3 The designation of EFW Inc. as an enterprise project will contribute significantly to the
achievement of the plans of the City for development and revrtahzahon of the area, and
WHEREAS, the Crty finds that EFW Inc. meets the criteria for tax relief and other incentives adopted by the Crty
and nominates EFW Inc as an enterprise project on the grounds that it is located at a qualified business site and
will create a higher level of employment, econommc activity and stability and
WHEREAS, the City finds that it is in the best interest of the City to nominate EFW Inc as an enterprise project
pursuant to the Act;
ORTW~.
'~
RESOLUTION NO 3741-OS-2009
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 EFW 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 m Section 2303 Subchapter F of the Act.
3. THAT this enterprise project shall take effect on the date of designation as an enterprtse project by the
Bank and terminate five (5) years after the date of designation.
Adopted this 19~h day of May 2009
ATTEST .f,,.~
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APPROVED
CITY CaUNCiL
By _~~_r :~,~ i __ ~, ~ v ~ ---- -- MAY 1 9 2009
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MarRty Hendrix -City <Se_cretary
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City of Fort Worth, Texas
Mayor and Council Communication
r ~ -COUNCIL ACTION: Approved on 5/19/2009 -Res. No. 3741-05-2009
DATE Tuesday May 19 2009
LOG NAME 17EFW-RES
REFERENCE NO G-16571
SUBJECT
Adopt a Resolution Nominating EFW Inc. as an Enterprise Project Pursuant to the Texas Enterprise Zone
Act, Chapter 2303 of the Texas Government Code
RECOMMENDATION
It is recommended that the City Council adopt the attached Resolution nominating EFW Inc as an
Enterprise Project pursuant to Chapter 2303 of the Texas Government Code
DISCUSSION
Chapter 2303 of the Texas Government Code allows municipalities to nominate projects for designation
as an Enterprise Project. The City Council previously adopted Ordinance No 15733 (M&C G-14137)
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 EFW Inc. as an
Enterprise Project pursuant to a nomination and an application made by the City
The City finds that EFW Inc. meets the criteria for designation as an enterprise project under Chapter
2303 Subchapter F on the following grounds
1 EFW 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 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 EFW Inc. as an enterprise project will contribute significantly to the
achievement plans of the City for development and revitalization of the area
EFW Inc. manufactures electronic products used by the military and is located at Marine Creek Parkway
and Loop 820 which is located in COUNCIL DISTRICT 7
FISCAL INFORMATION /CERTIFICATION
The Financial Management Services Director certifies that this action will have no material effect on City
funds.
FUND CENTERS
TO Fund/Account/Centers
FROM Fund/Account/Centers
Logname• 17EFW RES Page 1 of 2
CERTIFICATIONS
Submitted for City Manager's Office b~
Originating Department Head.
Additional Information Contact:
Thomas Higgins (6192}
Jay Chapa (5804)
Ardina Washington (8003)
Ana Montanez (2661)
Logname: 17EFW RES Page 2 of 2