HomeMy WebLinkAbout2020/11/17-Attachments-201117_AlconVision_TEZ-Resolution_Draft.PDFA Resolution
NO.
NOMINATING THE ALCON VISION LLC FACILITY
AT 6201 SOUTH FREEWAY
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 Alcon Vision LLC 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"), Alcon Vision LLC has applied to the City for designation as an enterprise project; and
WHEREAS, the City finds Alcon Vision LLC meets the criteria for designation as an enterprise project
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 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 or retained 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 Alcon Vision LLC 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 Alcon Vision LLC meets the criteria for tax relief and other incentives
adopted by the City and nominates Alcon Vision 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 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 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