HomeMy WebLinkAboutResolution 1535l~ l~esolutiorm
RESOLUTION NO. 1j.3.5
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 1343 on August 9, 1988, designating an area
within the City as the "Fort Worth South Enterprise
Zone" which has an unemployment 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 South Enterprise Zone
pursuant to the Texas Enterprise Zone Act; and
WHEREAS, Pastusek Industries has applied to the City for
designation as an enterprise project pursuant to the
Texas Enterprise Zone Act; and
WHEREAS, Pastusek Industries is currently renovating structures
for a manufacturing operation at Advantage Business
Park and Oakbrook Mall in the Fort Worth South
Enterprise Zone; and
WHEREAS, Pastusek Industries' facilities in the South Enterprise
Zone will not cause any displacement of businesses or
homes, but rather will bring up to 500 jobs to the City
of Fort Worth and the Fort Worth South Enterprise Zone;
and
WHEREAS, Pastusek Industries has demonstrated a willingness to
negotiate or cooperate in the achievement of the
purposes of the Texas Enterprise Zone Act; and
WHEREAS, the City fihds that it is in the best interests of the
City to nominate Pastusek Industries as an enterprise
project pursuant to the Act; and
CITY OF FORT (NORTH
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WHEREAS, the City Council of the City of Fort Worth finds that
Pastusek Industries meets the criteria for designation
as an enterprise project under Section 10 (c) of the
Texas Enterprise Zone Act on the following grounds:
1. Pastusek Industries 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 ir,
the Fort Worth South Enterprise Zone and at least 25
percent of the business employees in the zone will be
residents of Fort Worth Enterprise Zones or economi-
cally disadvantaged individuals, and if the business
should expand in the Fort Worth South Enterprise Zone
after designation as an enterprise project, it will
hire residents of the Enterprise Zones or economically
disadvantaged persons so that those individuals consti-
tute at least 25 percent of the business employees in
the zone; and
2. Pastusek Industries will be operating in the Fort
Worth South Enterprise Zone, which has an unemployment
rate exceeding one and one-half times the state unem-
ployment rate; and
3. It has been demonstrated that a high level of
cooperation between public, private and neighborhood
entities exists in the Fort Worth South Enterprise
Zone; and
4. The designation of Pastusek Industries 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 South Enterprise Zone.
NOW, THEREFORE BE IT RESOLVED, by the City Council of the City of
Fort Worth that:
1. Pastusek Industries 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.
2. The City hereby nominates Pastusek Industries 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 Pastusek Industries for designation as an
Enterprise Project and to act as liaison in matters
pertaining to negotiations between affected parties.
CITY OP FORT N/ORTS
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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 5th day of June, 1990, by the City Council of the
City of Fort Worth, Texas.
Mayor Bob Bolen
ATTEST:
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Ruth Howard, City Secretary
APPROVED BY
CITY COUNCIL
JUN 5 1990
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CITY OF FORT NIORTH