HomeMy WebLinkAboutResolution 3787-09-2009A RESOLUTION
NO 3787-09-2009
NOMINATING ALCON RESEARCH LTD AS A 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 (City) has previously passed 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
WHEREAS, the Office of the Governor Economic Development and Tourism through the
Economic Development Bank (Bank) will consider Alcon Research, Ltd. 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 m productive business enterprises
located m 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"), Alcon Research, Ltd. has applied to the City for designation as an
enterprise project;
WHEREAS the City finds that Alcon Research, Ltd. meets the criteria for designation as an
enterprise project under Chapter 2303 Subchapter F of the Act on the following grounds
1 Alcon Research, Ltd. is a qualified business under Section 2303 402 of the Act since rt
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
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 Alcon Research, Ltd., 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 Alcon Research, Ltd. meets the criteria for tax relief and other
incentives adopted by the City and nominates Alcon Research, Ltd. for enterprise project status on the
ORT W®R~
'T
RESOLUTION NO 3787-09-2009
grounds that it fs located at the qualified business site,. will create a higher level of employment,
economic activity and stability and
WHEREAS, the City finds that rt is m the best interest of the City to nominate Alcon Research,
Ltd. as an enterprise project pursuant to the Act;
NOW THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF FORT WORTH TEXAS
Adopted this 15th day, of September 2009
..~ t~
.~'~ ~' F r`' ~~jl
ATTES'T' ~ ~ h ~ ='
~, .T,
By
Marty
fr`~rrr
r ~«,
,,•:
ORTW
APPft'~1~E~
CITY C0~1NCiL
SEP 1 5 2009
City Secretary of the
City of Fort Worth, Texas
°T`
City of Fort Worth, Texas
Mayor and Council Communication
COUNCIL ACTION: Approved on 9/15/2009 -..Res. No. 3787-09=2009.
DATE Tuesday September 15 2009 REFERENCE NO G-16695
LOG NAME 17ALCONR-RES
SUBJECT
Adopt Resolution Nominating Alcon Research Ltd 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 Alcon Research Ltd
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 Alcon Research Ltd
as an Enterprise Project pursuant to a nomination and an application made by the City
The City finds that Alcon Research Ltd meets the criteria for designation as an Enterprise Project under
Chapter 2303 Subchapter F on the following grounds
1 Alcon Research Ltd 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 Alcon Research Ltd as an Enterprise Project will contribute significantly to the
achievement plans of the City for development and revitalization of the area
Alcon Research Ltd is a leader in discovery development and manufacture of innovative ophthalmic
products and technologies located on 6201 South Freeway Designation as an Enterprise Project will
entitle Alcon Research Ltd to certain incentives and benefits from the State of Texas but will not entitle
the company to any City incentives
Alcon Research Ltd is located in COUNCIL DISTRICT 8
FISCAL INFORMATION /CERTIFICATION
The Financial Management Services Director certifies that this action will have no material effect on City
Logname• 17ALCONR RES Page 1 of 2
funds
FUND CENTERS
TO Fund/Account/Centers
CERTIFICATIONS
Submitted for City Manager's Office b~
Originating Department Head
Additional Information Contact:
FROM Fund/Account/Centers
Thomas Higgins .(6140)
Jay Chapa (6192)
Ossana Hermosillo (8618)
Logname 17ALCONR RES Page 2 of 2