HomeMy WebLinkAboutResolution 3693-12-2008A RESOLUTION
NO 3693-12 2008
NOMINATING DCFS USA, 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 in Ordinance No 15733 and
WHEREAS, the Office of the Governor Econorruc Development and Tourism (EDC) through the Economic
Development Bank (Bank) will consider DCFS USA, LLC 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 in 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 Enterprise Zone Act, Texas Government Code
(the Act"), DCFS USA, LLC has applied to the City for designation as an enterprise project; and
WHEREAS, the City finds that DCFS USA, LLC, meets the criteria for designation as an enterprise project
under Chapter 2303 Subchapter F of the Act on the following grounds.
DCFS USA, 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 within the governing body's
jurisdiction located outside of an enterprise zone and at least 35 0 percent of the business's new
employees will be residents of an enterprise zone or economically disadvantaged individuals, and
There has been and will continue to be a high level of cooperation between public, private and
neighborhood entities within the area, and
The designation of DCFS USA, 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 DCFS USA, LLC meets the criteria for tax relief and other incentives adopted by
the City and normnates DCFS USA, LLC, for enterprise project status on the grounds that it will be located at the
qualified business site, will create a higher level of employment, economc activity and stabihty• and
WHEREAS, the City finds that it is in the best interest of the City to nominate DCFS USA, LLC, as an enterprise
prod ect pursuant to the Act;
RESOLUTION NO 3693-12 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 DCFS USA, LLC, 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 Bank and terminate five years after the date of designation.
PASSED BY THE CITY COUNCIL OF THE CITY OF FORT WORTH this 9th day of December 2008
THE STATE OF TEXAS
COUNTY OF TAR.RANT
.++ ?"'
I,~Martv Hendrix,KCity Secretary of the City of Fort Worth, Texas, do hereby certify that the above and
foregoing is a,~true and'cor~°ect`~co~py of Resolution Number 3693-12 2008 passed by the City of Fort Worth City
Council on :the this 9th day'o~December 2008
(City Seal) "~~ ~
`~ ` '~ '~
~ ~ ~ NAME APPROVE
~ ~~'~~ ~~tr ~ City Secretary CITY COUNCIL
THE STATE OF TEXAS ~'`~~~~ ~ E ~ ~ 9 2008
COUNTY OF TARRANT ~~.~_~~^~
C' , e reta of e
BEFORE ME, the undersigned authority on this day personally appeareGdty ° '" ' ° th,
of the City of Fort Worth, Texas, known to me to be the person whose name is subscri ed 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 day of C2 be 2008
~ ~ e/
~~~R:"~~. """"""` otary Public, State of ~'e as
;~;'.• .,ti RONALD P GON1AlE5
g Notary Public, State ~ ~ sston expires. l ~(~ ~
~'~~'.~ Commission Expifes
t~;;~~' Seal MaY 17 2012