HomeMy WebLinkAbout(0048) 200505_Alcon Vision.EZ Assignment Res.PDFA Resolution
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AFFIRMING THE CITY OF FORT WORTH'S SUPPORT OF ALCON VISION, LLC'S
TEXAS ENTERPRISE PROJECT ASSIGNMENT APPLICATION TO THE OFFICE OF
THE GOVERNOR ECONOMIC DEVELOPMENT AND TOURISM THROUGH THE
ECONOMIC DEVELOPMENT BANK, AND PROVIDING THAT THIS RESOLUTION
SHALL BECOME EFFECTIVE FROM AND AFTER ITS PASSAGE AND ADOPTION.
WHEREAS, on November 4, 2003 the City Council of the City of Fort Worth (the "City") previously adopted
Ordinance No. 15733 electing to participate in the Texas Enterprise Zone Program; and
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; and
WHEREAS, the City Council of the City has previously passed Resolution No. 4699-11-2016 nominating Alcon
Laboratories, Inc. for enterprise project status;
WHEREAS, the Office of the Governor, Economic Development and Tourism (EDC), through the Economic
Development Bank (`Bank"), approved Alcon Laboratories, Inc. as an enterprise project pursuant to a nomination
and an application made by the City on December 1, 2016; and
WHEREAS, the City desires to approve the assignment of the Alcon Laboratories, Inc. enterprise project status
to Alcon Vision, LLC;
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 to provide
employment to residents of enterprise zones and to other economically disadvantaged individuals, or veterans; and
WHEREAS, pursuant to Chapter 2303, Subchapter F of the Texas Enterprise Zone Act, Texas Government Code
(the "Act"), Alcon Vision, LLC has applied to the City for assignment of enterprise project status; and
WHEREAS, the City finds Alcon Vision, LLC meets the criteria for assumption of the Alcon Laboratories, Inc.
enterprise project designation under Chapter 2303, Subchapter F of the Act on the following grounds:
1. Alcon Vision, LLC is a "qualified business" under Section 2303.402 of the Act since it will be
engaged in the active conduct of a trade or business at a continuing qualified business site within the
governing body's jurisdiction located inside an enterprise zone, and at least twenty-five percent (25%) of
the business's new permanent jobs will continue to be residents of an enterprise zone, economically
disadvantaged individuals or veterans; and
2. There has been and will continue to be a high level of cooperation between public, private, and
neighborhood entities within the area; and
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3. The assignment of enterprise project status to Alcon Vision, LLC will continue a significant
contribution to the achievement of the plans of the City for development and revitalization of the area; and
WHEREAS, the City finds that Alcon Vision, LLC meets the criteria for tax relief and other incentives adopted
by the City and approves the assignment of enterprise project status from Alcon Laboratories, Inc. to Alcon
Vision, LLC on the grounds that it will be located at the qualified business site, will create a higher level of
employment, economic activity and stability; and
WHEREAS, the City finds that it is in the best interest of the City to assign enterprise project status from Alcon
Laboratories, Inc. to Alcon Vision, 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:
THAT the findings of the City and its actions approving this Resolution taken at the Council
meeting are hereby approved and adopted.
2. THAT Alcon Vision, 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 assignment of enterprise project status shall take effect on the date of designation of the
enterprise project by the Bank and terminate on December 1, 2021.
ADOPTED AND EFFECTIVE: April , 2020.
ATTEST:
Mary J. Kayser
City Secretary
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