HomeMy WebLinkAboutResolution 1786f`
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1~ Resolution
RESOLUTION NO.~~
A Resolution of the City Council of the City of Fort Worth, Texas, Nominating A
Qualified Business For Designation as an Enterprise Project
WHEREAS, the City Council of the City of Fort Worth has recognized the
importance of economic development to the City; and
WHEREAS, the City Council of the City of Fort Worth adopted resolution 1342 on
August 9, 1988, designating an area within the City as the "Fort Worth
North Enterprise Zone" and on June 13, 1989, adopted resolution 1425,
which amended the boundaries of said zone, which has an unemploy-
ment rate greater than 1.5 times the state unemployment rate; and
WHEREAS, on August 30, 1988, the Texas Department of Commerce designated
the Fort Worth North Enterprise Zone pursuant to the Texas Enterprise
Zone Act and in 1989 approved a revision to the North Enterprise
Zone boundaries; and
WHEREAS, The Texas Department of Commerce will consider PTCC, Inc., as an
enterprise project pursuant to a nomination and an application made by
the City of Fort Worth, Texas; and
WHEREAS, PTCC, Inc., has applied to the City for designation as an enterprise
project pursuant to the Texas Enterprise Zone Act; and
WHEREAS, PTCC, Inc.'s, facilities in the North Enterprise Zone will not cause any
displacement of businesses or homes, but rather the initial phase of the
project will create 188 new jobs in the City of Fort Worth and the Fort
Worth North Enterprise Zone; and
WHEREAS, PTCC, Inc., has demonstrated a willingness to negotiate or cooperate
in the achievement of the purposes of the Texas Enterprise Zone Act;
and
WHEREAS, the City finds that it is in the best interests of the City to nominate
PTCC, Inc., as an enterprise project pursuant to the Act; and
ttRTY OF FORT WORTS
b.~-,e
WAEREAS, the City Council of the City of Fort Worth finds that PTCC, Inc.,
meets the criteria for designation as an enterprise project under Section
10 (c) of the Texas Enterprise Zone Act on the following grounds:
1. PTCC, Inc., is a "qualified business" under Section 3 (a) (10) of
the Act since it will be engaged in the active conduct of a trade or
business in the Fort Worth North Enterprise Zone and at least 25
percent of the business employees in the zone will be residents of
Fort Worth Enterprise Zones or economically disadvantaged
individuals, and if the business should expand in the Fort Worth
North Enterprise Zone after designation as an enterprise project, it
will hire residents of the Enterprise Zones or economically
disadvantaged persons so that those individuals constitute at least
25 percent of the business employees in the zone; and
2. PTCC, Inc., will be operating in the Fort Worth North Enterprise
Zone, which has an unemployment rate exceeding one and one-
half times the state unemployment rate; and
3. It has been demonstrated that a high level of cooperation between
public, private and neighborhood entities exists in the Fort Worth
North Enterprise Zone; and
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4. The designation of PTCC, Inc., as an enterprise project will
contribute significantly to the achievement of the plans of the City
Council of Fort Worth for the development and revitalization of
the Fort Worth North Enterprise Zone.
NOW, TIiEREFORE BE TT RESOLVED, by the City Council of the City of Fort
Worth that:
1. PTCC, Inc., is a "qualified business" as defined in Section 3 (a)
(10) of the Act, and meets the criteria for designation as an
enterprise project as set forth in Section 10 of the Act.
CITY OF FORT WORTS
a.!.;4
2. The City hereby nominates PTCC, Inc., as an Enterprise Project in
accordance with the Act, and directs the City Manager or his
designee to file an application with the Texas Department of
Commerce nominating PTCC, Inc., for designation as an
Enterprise Project and to act as liaison in matters pertaining to
negotiations between affected parties.
3. The Enterprise Project shall take effect on the date of designation
of the Enterprise Project by the Texas Department of Commerce
and terminate five years after the date of designation.
Adopted this 19th day of November, 1991 by the City Council of the City of Fort
Worth, Texas.
Mayor Kay Granger
ATTEST:
Gloria Pearson, Assistant City Secretary
APPR~yg~ .
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