HomeMy WebLinkAboutResolution 259311-19-99A0~ 44 RCVD
A Resolution
A RESOLUTION NOMINATING AIMC, INC (ALSO KNOWN AS AMERICAN IRONHORSE
MOTORCYCLE COMPANY INC) AS AN ENTERPRISE PROJECT PURSUANT TO CHAPTER 2303
SUBCHAPTER F OF THE TEXAS ENTERPRISE ZONE ACT TEXAS GOVERNMENT CODE.
Resolution No c~~1=L-!
WHEREAS, the Texas Department of Economic Development ("Department") designated the City
of Fort Worth North Enterprise Zone (the "Zone") on May 27 1997 and
WHEREAS, Department will consider AIMC, Inc. as an enterprise project pursuant to a nomination
and an application made by the City of Fort Worth, Texas (the `City")• and
WHEREAS, the City desires to pursue the creation of the proper eeonorruc and social environment
in order to induce the investment of private resources in productive business enterprises located m the Zone
:arid to provide employment to residents of the Zone and to other economically disadvantaged mdrnduals,
and
WHEREAS, pursuant to Chapter 2303 Subchapter F of the Texas Enterprise Zone Act, Texas
Government Code (the Act"), AIMC Inc. has applied to the City for designation as an enterprise project;
and,
WHEREAS, the City finds that AIMC Inc meets the criteria for designation as an enterprise project
under Chapter 2303 Subchapter F of the Act on the following grounds.
1 AIMC Inc. zs a qualified business" under Section 2303 402 of the Act since rt will be engaged m the
active conduct of a trade or business in the Zone and at least twenty five percent (25 0%) of the
business new employees will be residents of an enterprise zone within the City's jurisdiction or
economically disadvantaged individuals, as defined by the Act;
2 AIMC, Inc is located in the Zone which has an unemployment rate of not less than one and one-half
(1 %) times the state unemployment rate,
3 There has been and will continue to be a high level of cooperation between public, pnvate, and
neighborhood entities within the Zone, and
4 The designation of AIMC Inc. as an enterprise project will contribute significantly to the
achievement of the plans of the City for development and revitalization of the Zone
WHEREAS, the City finds that AIMC Inc meets the cntena for enterprise project designation
nominates AIMC Inc on the grounds that it will be located wholly within the Zone, will create a higher
level of employment, economic activity and stability and
WHEREAS, the City finds that it is the best interest of the City to nominate AIMC Inc as an
enterprise project pursuant to the Act;
•
CITY OF FORT WORTH
~-
•
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
FORT WORTH.
That the findings of the City and its actions approving this resolution taken at the council meeting aze
hereby approved and adopted.
2. That AIMC, Inc. 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.
3 That the City Manager or his designee is authorized to make application to the Department for
designation of AIMC, Inc. as an enterprise project.
4 That the enterprise project shall take effect on the date of designation of the enterprise project by the
Department and terminate five (5) years after that date of designation.
PASSED BY THE CITY COUNCIL of the City of Fort Worth this 23`d day ofNovember 1999
Seal ~ 1~.1-~.~~,
( )
Kenneth Barr
Mayor
THE STATE OF TEXAS
COUNTY OF ARRANT
I, of the City of Fort
Worth, Texas do hereby i that the above and fore inD is a tru d correct copy of Resolution Number
~~ ~ passed by the City of Fort Worth City Co cil on the 23`d day ofNovember, 1999
(City Seal)
THE STATE OF TEXAS
COUNTY OF TARR~~TT
P
Iona Peazson
City Secretary
BEFORE ME, the undersigned authority on this day personally appeared ~lDY1 ~ / (~~{,YSG~
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.
GIVEN under my hand and seal of office this o day ofNovember 1999
o~,B, ,~,, ,Cf~-
a ~~~ RONALD P GONZALES Notary Public State of T , as
Notary Pubfic, Sfate of Texas
~.~ My Commission Expires May 17 2000
(Not __..~_..~ My commission expires ~-17 02000
CITY OF FORT WORTH