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HomeMy WebLinkAboutResolution 1343A _ r f ~ resolution RE304UxION NO.~~f~~~ WHEREAS, the City Council of the City of Fort Worth has recognized the ,r~ importance of economic development to the City; and, c; WHEREAS, the Council has determined that there are benefits to the City of Fort Worth which may be derived from having an Enterprise Zone Program; and, WHEREAS, the City Council directed the City Manager and the Economic Development Office to develop a City of Fort Worth Enterprise Zone Program to suggest zones with definite boundaries and specific economic development in- centives; and, WHEREAS, the Texas Enterprise Zone Act, Texas Revised Civil Statutes Annotated, Article 5190.7 (the "Act") provides for State designation by the Texas Department of Commerce of areas within the City of Fort Worth as enterprise zones and, WHEREAS, the Act provides for the nomination by the City Council to the Texas Department of Commerce, of any economically distressed area within the City as a potential enterprise zone, if the area meets the criteria of the Act; and, WHEREAS, the Act establishes an application process for Department of Commerce designation of qualifying areas as enterprise zones; and, WHEREAS, the City Council has determined that it is necessary and in the best interest of the City to nominate two (2) areas within the City as designated enterprise zones pursuant to the Act; and, WHEREAS, public hearings were held to receive public comment in accordance with Article 5190.7, Section 5{b) of the Texas Enterprise Zone Act; now, therefore, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF FORT WORTH THAT: That area within the City defined and described on Exhibit A,. attached hereto and incorporated herein, be designated as the "South Enterprise Zone"; That the City Council has determined, and finds that the South Enterprise Zone satisfies the criteria for designation of an enterprise zone as specified in Section 4 of the Act by having an unemployment rate of at least 1.5 times the state unemployment rate, and by being located in a City designated as a distressed City for purposes of urban development action grants. That the City Council agrees to provide incentives applicable to business enterprises in the South Enterprise Zone not applicable throughout the City, as .described on Exhibit B attached hereto and incorporated herein; C1TY OF >f'O14T ~OR'J<'H r ~ ~-r A Aesolution .~ That the South Enterprise Zone be, and the same is, pursuant to the Act, designated as an enterprise zone, subject to the approval by the Texas Department of Commerce in accordance with the Act; That the City of Fort Worth City Manager's Office by and through the Economic Development Office be, and is hereby designated as the City's administrative agency and serve as liaison to administer the Act within the South Enterprise Zone; That the City Manager of his designee be, and is hereby authorized and directed to submit an application to the Texas Department of Commerce for designation of the South Enterprise Zone as a designated enterprise zone pursuant to the Act.' Adopted this 9th day of August, 1988. or Attest: ity Secretary CITY OF FORT WORD APPROVED BY CITY COUNCIL AuG g 1888 c-m seomsaty at wa City of Fon Wotth,'~@}fyi ~~ ~~ ~~ m cn Z O n m ~ _ m -•~ ~:.: ~,. EXHIBIT A Description of Boundaries South Enterprise Zone, City of Fort Worth Beginning in the extreme northwest of the zone, southwest of the City's Central Business District, at a point where a spur line of the Burlington Northern Railway would intersect with 5th Avenue if it were extended, proceed eastward along the railway To the intersection with the T&P Railway; Continue eastward along the T&P Railway to its intersection with Riverside Drive; Proceed northward on Riverside Drive to Interstate 30; Proceed eastward on I-30 to Sycamore Creek; Follow Sycamore Creek southward to the T&P Railway; Proceed eastward along the T&P Railway to Winnie Street; Take Winnie south about 100 yards to E. Rosedale Street; i Follow East Rosedale Street westward to Hughes Street; Proceed southward along Hughes to Ramey Avenue; Follow Ramey eastward to Stalcup Road; Take Stalcup southward to E. Berry Street; Follow E. Berry westward to Village Creek Road; Proceed southward on Village Creek Road to Eastland Street; Take Eastland westward to Miller Avenue; Go southward on Miller to the Martin L. King Freeway; Take the MLR Freeway northwestward to Hardeman Street; Follow Hardeman westward to Vaughn Blvd.; Take Vaughn northwestward to E. Berry Street; .. Proceed along E. Berry westward to Mitchell Blvd.; Follow Mitchell southward to a small tributary of Sycamore Creek; Proceed northwestward along Sycamore CreeY, to E. Berry; Go westward on E. Berry to Sycamore Creek; . ~'` - rr:~w. G.a!" ~' l~. r~ Proceed along Sycamore Creek to the S.P. Railway; Follow the S.P. Railway southeastward to E. Seminary Drive; Take E. Seminary westward to Carter Park Crive; Go southwestward on Carter Park Drive to E. Broadus Avenue; Follow E. Broadus !as extended) to Interstate 35W; From I-35W follow Thornhill Street westward to where extended it would enter Kellis Street; Continue on Kellis to Travis Avenue; Take Travis Avenue northward to Biddison Street; Follow Biddison westward to College Avenue; Take College Avenue northward to Shaw Street; Go eastward on Shaw to Travis Avenue; Proceed northward on Travis to Capps Street; Take Capps westward to Lipscomb Street; Follow Lipscomb northward to Jessamine Street; Take Jessamine eastward to Travis Avenue; .Proceed northward on Travis to Richmond Avenue; Take Richmond westward to Lipscomb Street; Follow Lipscomb northward to Myrtle Street; Take Myrtle westward to Alston Avenue; Follow Alston northward to Morphy Street; Go westward on Morphy to College Avenue; Take College Avenue southward to Myrtle Street; Proceed along Myrtle westward to its line-of-sight extension to the Burlington Northern Railway; Fallow the,BN Railway northward to the STARTING POINT. ~~:- -_ . ~..:. <;~~7. ,:~:4 ~' _ ~4~` l a V, i. ~. =~ ~Xh.1b1. B. INC~NTIVr: r :: ~nternrlse Zone Acs:inistrator The City wi11 assign the Zone Aaministrator duties to an rr existino sta_~ member. Tne aaministrator wi_ deveiop a genera ~'~ understanding cf enterprise zone benefits, eligibilit}~ requirements, and procedures, and establish contact With the state and federal agencies involved in the aaministration of state and federa_ zones. INCENTI~r' r 2: Prioritized Use of Public Funds The City will direct the Zone Aaminis`sator to develop a oeneral understanding of available state and federal funds and establish contact with the aaministe~ing agencies, and provide assistance to elicibie businesses in appi}ping for funds. INC~A'TI~~ r ..~ ~nhanced Faci~_ties and Serrices The City will develop a plan by which public funds for capital improvements and sen-ices, which will include bnt nct be 11m1te0 t0 C1tV partlClDct10n 1ri community faC11it1e5 acreements, the expedited Credtl0n Of Special assessment districts o_ othe_ actions e_ benefits determined aDDrODriate b}> the City Council, CdP. be L>SEd t0 providE enhanced fac_1lties and sen>ices tC E_1G1Dle DL'S 1neSS25 1n the ZOIlE OP. E Dr10r~t}' baS15. INC~TdTI~T = ~: PnDl1C TransDOrtatl0n The City' wil' 1 dEVe1 D_D a plan by Wf11Ch Dllb11C funds fOr tranSDOrtatlOn Can DE L'S°_d~ tC prOV10E trar.SDOrtatlon t0 the ZOAE and t0 the employees Cf el1C1b1E businesses 1ri the 2071E On a'Dr10r1ty DaSiS. INCBNTIt~ ~ .,. Job Traininc Procrams The Citi~ will deveiop a Dian by „>hich public funds fo= yob trairinc can be used tc p'"ovi dE job ~rairinc grog-a7rs to employees o'_ eligible businesses in the zone on a priority basis. INCEh'TIV:,' = 6: The City will deveiop a plan by which public funds fOr SOCial prOGramS Can be L'Sed t0 prOCiOe Se r~>1Ce5, t0 .~nC1uQe Dlit nOt DE limited t0 day Care and counsel 1no • SE rI>1CE5, LO employees Of e11C1D1E bL'S_neS5e5 iri t11E zone On a prlCrlt}' Da515.