HomeMy WebLinkAbout(0051) 200505_Ball Fort Worth Nominating Resolution.PDFA Resolution
L 91
NOMINATING THE BALL METAL BEVERAGE CONTAINER CORP.
FACILITY
AT 6600 WILL ROGERS BOULEVARD
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 (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 Office of the Governor, Economic Development and Tourism (EDC), through
the Economic Development Bank ("Bank"), will consider Ball Metal Beverage Container Corp.
as an enterprise project pursuant to a nomination and an application made by the City; and
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; and
WHEREAS, pursuant to Chapter 2303, Subchapter F of the Texas Enterprise Zone Act, Texas
Government Code (the "Act"), Ball Metal Beverage Container Corp. has applied to the City for
designation as an enterprise project; and
WHEREAS, the City finds Ball Metal Beverage Container Corp., meets the criteria for
designation as an enterprise project under Chapter 2303, Subchapter F of the Act on the
following grounds:
1. Ball Metal Beverage Container Corp., 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 qualified business site within the governing body's jurisdiction located within an
enterprise zone, and at least twenty-five percent (25%) of the business's new
employees will 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
3. The designation of Ball Metal Beverage Container Corp., as an enterprise project
will contribute significantly to the achievement of the plans of the City for development
and revitalization of the area; and
WHEREAS, the City finds that Ball Metal Beverage Container Corp., meets the criteria for tax
relief and other incentives adopted by the City and nominates Ball Metal Beverage Container
Corp., 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 Ball Metal
Beverage Container Corp., 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 Ball Metal Beverage Container Corp., 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 shall take effect on the date of designation of the
enterprise project by the Bank and terminate five (5) years after the date of
designation.
Adopted this day of 2020.
ATTEST:
By:
Mary J. Kayser, City Secretary