HomeMy WebLinkAboutResolution 4145-11-2012A Resolution
NO. 4145-11-2012
NOMINATING ATC LOGISTICS & ELECTRONICS, INC. AS AN ENTERPRISE
PROJECT PURSUANT TO THE TEXAS ENTERPRISE ZONE ACT, CHAPTER 2303,
OF THE TEXAS GOVERNMENT CODE
WHEREAS, 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 the local incentives offered under this
Resolution are the same on this date as were outlined in Ordinance No. 15733;
WHEREAS, the Texas Economic Development Batik ("Bank"), created by the Texas Economic
Development and Tourism Office, will consider ATC Logistics & Electronics, Inc. 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 to
provide employment to residents of enterprise zones and to other economically disadvantaged individuals;
WHEREAS, pursuant to Chapter 2303, Subchapter F of the Texas Enterprise Zone Act, Texas
Government Code (the "Act"), ATC Logistics & Electronics, Inc., has applied to the City for designation as an
enterprise project;
WHEREAS, the City finds that ATC Logistics & Electronics, Inc. meets the criteria for designation as an
enterprise project under Chapter 2303, Subchapter F of the Act on the following grounds:
1. ATC Logistics & Electronics, Inc. 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 outside of an enterprise zone, and at least thirty-five percent (35%)
of the business's new employees will be residents of an enterprise zone or economically disadvantaged
individuals; 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 ATC Logistics & Electronics, Inc. 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 ATC Logistics & Electronics, Inc. meets the criteria for tax relief and other
incentives adopted by the City and nominates ATC Logistics & Electronics, Inc. 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
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4145-11-2012
WHEREAS, the City finds that it is in the best interest of the City to nominate ATC Logistics & Electronics, Inc.
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 ATC Logistics & Electronics, Inc., 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 12"' day of November, 2012.
ATTEST:
By:_ ? �...
Mary .Kays o
t Secxitary
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City of Fort Worth., Texas
Mayor and Council Communication
11121201Z� t,161 No" 0 1=
�OQUN0114A�;TIOW Approv-don
DATE: Monday, November 12, 2012
LOG NAME: 17ATCLE-EZRES
REFERENCE NO.: **G-17730
SUBJECT:
Adopt Resolution Nominating ATC Logistics & Electronics, Inc., as an Enterprise Project, Pursuant to the
Texas Enterprise Zone Act, Chapter 2303, of the Texas Government Code (COUNCIL DISTRICT 2)
RECOMMENDATION:
It is recommended that the City Council adopt the attached Resolution nominating ATC Logistics &
Electronics, Inc., as an enterprise project, pursuant to Chapter 2303, of the Texas Government Code,
DISCUSSION:
Under Ordinance No. 15733, the City Council has elected for the City to participate in the Texas
Enterprise Zone Program. The Texas Economic Development Bank (Bank), created by the Texas
Economic Development and Tourism Office, will consider ATC Logistics & Electronics, Inc., as an
enterprise project, pursuant to a nomination and an application made by the City.
The City Council finds that ATC Logistics & Electronics, Inc., meets the criteria for designation as an
enterprise project under Chapter 2303, Subchapter F of the Texas Government Code on the following
grounds:
1. ATC Logistics & Electronics, Inc., 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 outside of an enterprise zone and at least 35 percent of the
business' new employees will be residents of an enterprise zone or economically disadvantaged
individuals.
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 ATC Logistics & Electronics, Inc., as an enterprise project, will contribute
significantly to the achievement of the plans of the City for development and revitalization of the
area.
ATC Logistics & Electronics, Inc., provides logistical services, physical distribution, consumer electronic
device distribution and repair.
This project is located in COUNCIL DISTRICT 2.
FISCAL INFORMATION / CERTIFICATION:
The Financial Management Services Director certifies that this action will have no material effect on City
funds.
Logname: 17ATCLE-EZRES Page 1 of 2
FUND CENTERS:
TO F u nd/Accou nt/C enters
CERTIFICATIONS:
Submitted for City Manager's Office by:
Originating Department Head:
Additional Information Contact:
FROM Fund/Account/Centers
Fernando Costa (6122)
Jay Chapa (5804)
Robert Sturns (8003)
Ana Alvarado (2661)
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