HomeMy WebLinkAbout(0065) 210817_Project_Tera_TEZ_Nomination_Resolution (rev).PDFA Resolution
NO.
NOMINATING THE RIVIAN AUTOMOTIVE, LLC FACILITY
NEAR INTERSTATE-20 AND BENTLY ROAD
AS AN ENTERPRISE PROJECT PURSUANT TO
THE TEXAS ENTERPRISE ZONE ACT,
CHAPTER 2303, TEXAS GOVERNMENT CODE
WHEREAS, on November 4, 2003, the City Council of the City of Fort Worth ("City") previously adopted
Ordinance No. 15733 electing to participate in the Texas Enterprise Zone Program;
WHEREAS, on May 12, 2015, the City Council of the City adopted Ordinance No. 21743-05-2015, amending
Ordinance No. 15733 by adding additional potential local incentives that could be made available to qualified
businesses under the Texas Enterprise Zone Program; and the local incentives available pursuant to this Resolution
are the same on this date as were outlined in Ordinance No. 21743-05-2015;
WHEREAS, the Office of the Governor, Economic Development and Tourism (EDC), through the Economic
Development Bank (`Bank"), will consider Rivian Automotive, LLC, as an enterprise project pursuant to a
nomination and an application made by the City;
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 City and its extra-
territorial jurisdiction and to provide employment to residents of enterprise zones and to other economically
disadvantaged individuals and veterans;
WHEREAS, pursuant to Chapter 2303, Subchapter F of the Texas Enterprise Zone Act, Texas Government Code
("Act"), Rivian Automotive, LLC has applied to the City for designation as an enterprise project; and
WHEREAS, the City finds Rivian Automotive, LLC, meets the criteria for designation as an enterprise project
under Chapter 2303, Subchapter F of the Act on the following grounds:
1. Rivian Automotive, LLC, is a "qualified business" under Section 2303.402 of the Act because it will
be engaged in the active conduct of a trade or business at a qualified business site within the governing
body's jurisdiction located outside of an enterprise zone, and at least thirty-five percent (35%) of the
business's new or retained employees will be residents of an enterprise zone, economically disadvantaged
individuals or veterans;
2. There has been and will continue to be a high level of cooperation between public, private, and
neighborhood entities within the area;
3. The designation of Rivian Automotive, LLC, as an enterprise project will contribute significantly to
the achievement of the plans of the City for development and revitalization of the area.
WHEREAS, the City finds that Rivian Automotive, LLC, meets the criteria for tax relief and other incentives
adopted by the City and nominates Rivian Automotive, LLC, for enterprise project status on the grounds that it is
located at the qualified business site and will create a higher level of employment, economic activity, and stability
in the area; and
WHEREAS, the City finds that it is in the best interest of the City to nominate Rivian Automotive, LLC, as an
enterprise project pursuant to the Act;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF FORT WORTH,
TEXAS:
1. THAT, the findings of the City and its actions approving this Resolution taken at the Council
meeting are hereby approved and adopted.
2. THAT, Rivian Automotive, LLC, is a "qualified business," as defined in Section 2303.402 of the
Act, and meets the criteria for designation as an enterprise project, as set forth in Section 2303,
Subchapter F of the Act.
3. THAT, the enterprise project takes effect on the date of designation of the enterprise project by the
Bank and terminates five (5) years after the date of designation.
Adopted this day of 2021.
ATTEST:
Ronald Gonzales, Acting City Secretary