HomeMy WebLinkAboutResolution 1379R Resolution ~~o~~oN no.~~
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A Resolution of the Citp Council of the City of Forx 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, tthe 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" which has an unemployment rate greater than 1.5
times the state unemployment rate and is located in a
city designated as a distressed city for purposes of
urban development action grants; and
WHEREAS, on August 30, 1988, the Texas Department of Commerce
approved the City of Fort Worth's application for
designation of the Fort Worth North Enterprise Zone as
a designated enterprise zone pursuant to the Act; and
WHEREAS, Tandy Corporation is currently constructing a
manufacturing operation at 2400 Western Center
Boulevard in the Fort Worth North Enterprise Zone; and
WHEREAS, Tandy Corporation's new facility at 2400 Western Center
Boulevard 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 North Enterprise
Zone which might otherwise have gone to another city,
state or country; and,
WHEREAS, Tandy Corporation has demonstrated a willingness
to negotiate or cooperate in the achievement of the
purposes of the Texas Enterprise Act, and
WHEREAS, the City Council of the City of Fort Worth finds that
Tandy Corporation meets the criteria for designation as
an enterprise project under section 10 (c) of the Texas
Enterprise Zone Act on the following grounds:
C1TY OF FORT WORTS
1. Tandy Corporation is a "qualified business" under
Section 3 (a} (9) of the Act since it is engaged in the
active conduct of a trade or business in the Fort
Worth North Enterprise Zone and at least 25~ of the
business's employees in the zone are residents of the
Fort Worth North Enterprise Zone 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 North Enterprise Zone or economically
disadvantaged persons so that those individuals
constitute at least 25 percent of the business's
employees .in the zone.
2. Tandy Corporation's manufacturing plant at 2400
• Western Center Boulevard is located in the Fort Worth
North Enterprise Zone which has an unemployment rate
exceeding one and one-half times the state unemployment
rate.
3. It has been
cooperation between
entities exists in
Zone; and
demonstrated that a high level of
public, private and neighborhood
the Fort Worth North Enterprise
4. The designation of Tandy Corporation 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 o.f the
Fort Worth North Enterprise Zone.
NOW, TBEREFORE BE IT RESOLVED, by the City Council of
the City of Fort Worth that:
1) Tandy Corporation is a "qualified business" as
• defined in Section 3 (a) (9} of the Act, and meets the
criteria for a designation as an enterprise project as
set forth in Section 10 of the Act.
CITY OF FORT WORTB
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2) The City hereby nominates Tandy Corporation 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
requesting designation of Tandy Corporation 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 termainate five years
after the date of designation.
•
Adopted this 3rd day of January, 1989, by the City Council of the
City of Fort Worth, Texas.
Mayor Bob Bolen
ATTEST:
APPROVED BY
CITY COUNCIL
Ruth Howard, City Secretary
~nN 3 1989
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