HomeMy WebLinkAboutResolution 3648-08-2008A RESOLUTION
NO 3648-08-2008
NOMINATING MILLERCOORS LLC 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 (EDC) through the Economic
Development Bank (Bank) will consider MillerCoors LLC 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 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"), MillerCoors LLC has applied to the Crty for designation as an enterprise project;
WHEREAS, the City finds that MillerCoors LLC meets the criteria for designation as an enterprise project under
Chapter 2303 Subchapter F of the Act on the following grounds.
MillerCoors LLC is a qualified business under Section 2303 402 of the Act since rt will be engaged in
the active conduct of a trade or business at a qualified business site wrthm the governing body's
~unsdiction located outside of an enterprise zone and at least thu-ty-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 wrthm the area, and
3 The designation of MillerCoors LLC 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 MillerCoors LLC meets the criteria for tax relief and other incentives adopted by
the City and nominates MillerCoors LLC for enterprise project status on the grounds that rt will be located at the
qualified business site, will create a higher level of employment, economic activity and stabihty• and
WHEREAS, the City finds that it is m the best interest of the City to nominate MillerCoors LLC as an enterprise
project pursuant to the Act;
RESOLUTION NO 3648-08-2008
PAGE 2 OF 2
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF FORT WORTH,
TEXAS.
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 Mi1lerCoors LLC is a qualified business, as defined m 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 Bank and terminate five (5) years after the date of designation.
PASSED BY THE CITY COUNCIL OF THE CITY OF FORT WORTH this 19th day of August 2008
THE STATE OF TEXAS
COUNTY OF TARRANT
I, Marty Hendrix, City Secretary of the City of Fort Worth, Texas, do hereby certify that the above and
foregoing is a true and correct copy of Resolution Number 3648-08-2008 passed by the City of Fort Worth Ctty
Council,on the,this 19th day of August 2008
,~~'~
~~ ity Seal)" ~'
"y ~ AP OVED
~.~ ~ ~~. A NAME
~~ ~ ~ City Secretary CITY COUNCIL
~ ~ ~ ~ ~~
~" ~ ~ X ~1 ~ AUG 1 9 2008
;,THE, STATE OF TEXA,~s'.
,.~~~
COUNTY OF TARRANT City Secretary of the
+r, ~-,~ City ®f Fort worth, Texas
BEFORE ME, the undersigned authority on this day personally appeared Marty Hendrix, Ctty Secretary
of the City of Fort Worth, Texas, known to me to be the person whose name is subscribed to the foregoing
instrument, and acknowledged to me that he/she executed the same for the purposes and consideration therein
expressed..
GNEN under my hand and seal of office this 19th day of August 2008
.,~.....
,Y 1~~„~'
:~i~'a'~;=; SYLVIAD.GLOVER
`*: "= MY COMMISSION EXPIRES
_;;,....::~ September 19, 200>i Nota ubhc, State of Texas
sion expires: September 19, 2009
(Notary Seal)