HomeMy WebLinkAboutResolution 2357¢r
A Resolution
A RESOLUTION NOMINATING MORTEX PRODUCTS, INC. AS AN ENTERPRISE
PROJECT PURSUANT TO CHAPTER 2303, SUBCHAPTER F OF THE TEXAS
ENTERPRISE ZONE ACT, TEXAS GOVERNMENT CODE.
Resolution No. c~ 3 ~
WHEREAS, the Texas Department of Commerce ("Commerce') designated the City of
Fort Worth North Enterprise Zone (the Zone') on May 27 1997, and
WHEREAS, Commerce will consider Mortex Products, 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 economic and social
environment in order to induce the investment of private resources in productive business
enterprises located in the Zone and to provide employment to residents of the Zone 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"), Mortex Products, Inc. has applied to the Crty for
designation as an enterprise project; and,
WHEREAS the Crty finds that Mortex Products, Inc. meets the criteria for designation
as an enterprise project under Chapter 2303 Subchapter F of the Act on the following grounds
1 Mortex Products, Inc 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 in the Zone and at least
twenty five percent (2'S%) of the business new employees will be residents of a Zone
within the City's jurisdiction or economically disadvantaged individuals,
2. Mortex Products, Inc. has made a substantial commitment to locate in the Zone, which
has an unemployment rate of not less than one and one-half (1 1/2) times the state
unemployment rate;
3 There has been and will continue to be a high level of cooperation between ~publrc;
private, and neighborhood entities within the Zone; and
4 The designation of Mortex Products, Inc as an enterprise project will contribute
significantly to the achievement of the plans of the Crty for development and
revitalization of the Zone.
CITY OF FORT WORT~I
THE STATE OF TEXAS §
COUNTY OF TARRANT §
I, of the City of Fort
Worth, Texas do hereby certify that the above and foregoing is a true and correct copy~uof
Resolution Number ~ passed by the City of Fort Worth City Councrl on the nth
day of November 1997
(City Seal)
Alice Church
City Secretary
THE STATE OF TEXAS §
COUNTY OF TARRANT §
1 BEFORE ME, the undersigned authority on this day personally appeared
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 day of November 1997
Notary Public, State of Texas
My commission expires
(Notary Seal)
CITY OF FORT WORTH