HomeMy WebLinkAboutResolution 5451-08-2021 A Resolution
NO. 5451-08-2021
NOMINATING THE OATLY US OPERATIONS & SUPPLY INC.'S
FACILITY AT 7550 OAK GROVE 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 Oatly US Operations & Supply Inc.'s
facility improvements and upgrades at 7550 Oak Grove Road in Fort Worth, Texas ("Project") 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 ("Act"), Oatly US Operations & Supply Inc.. has applied to the City for
designation of the Project as an enterprise project; and
WHEREAS, the City finds the Project meets the criteria for designation as an enterprise project
under Chapter 2303, Subchapter F of the Act on the following grounds:
1. Oatly US Operations& Supply 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 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;
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 the Project 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 Oatly US Operations & Supply Inc. and the Project meet the
criteria for tax relief and other incentives adopted by the City and nominates Oatly US Operations
&Supply Inc.'s Project 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;
WHEREAS, the City finds that it is in the best interest of the City to nominate Oatly US
Operations & Supply Inc.'s Project as an enterprise project pursuant to the Act; and
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 Oatly US Operations& Supply 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 241h day of August 2021.
ATTEST:
By: QF.F®R�;
Ronald P. Gonzales, Acting City Secretary
V. :O
.XAS
City of Fort Worth, Texas
Mayor and Council Communication
DATE: 08/24/21 M&C FILE NUMBER: M&C 21-0606
LOG NAME: 17OATLYTEZAMEND
SUBJECT
(CD 8)Amend Mayor and Council Communication 21-0272 to Revise the Name of the Qualified Business for a Texas Enterprise Project from
Oatly, Inc.to Oatly US Operations&Supply, Inc.and Repeal Associated Resolution No.5378-04-2021 and Adopt the Attached Resolution
Nominating Oatly US Operations&Supply Inc.'s Facility Located at 7550 Oak Grove Road as an Enterprise Project Pursuant to the Texas
Enterprise Zone Act,Chapter 2303 of the Texas Government Code
RECOMMENDATION:
It is recommended that the City Council:
1. Amend Mayor and Council Communication 21-0272 to Revise the Name of the Qualified Business for a Texas Enterprise Project from Oatly,
Inc,to Oatly US Operations&Supply, Inc.;
2. Repeal Associated Resolution No.5378-04-2021;and
3. Adopt the Attached Resolution Nominating Oatly US Operations&Supply Inc.'s Facility Located at 7550 Oak Grove Road as an Enterprise
Project Pursuant to the Texas Enterprise Zone Act,Chapter 2303 of the Texas Government Code.
DISCUSSION:
The City Council of the City of Fort Worth(City)previously approved M&C 21-0272,adopting a resolution nominating Oatly, Inc.facility at 7550
Oak Grove Road as an enterprise project under the Texas Enterprise Zone program.Application for designation by the State of Texas as an
enterprise project requires that the company named in the nominating resolution precisely match the name of the applicant.Oatly,Inc. now
wishes to submit its application for the project as described in M&C 21-0272 under the name Oatly US Operations&Supply Inc.Therefore,
Oatly, Inc requests an amendment of M&C 21-0272,along with the repeal of Resolution No.5378-04-2021 and adoption of a new resolution
nominating Oatly US Operations&Supply Inc.'s facility at the same location.
This project is located in COUNCIL DISTRICT 8
A Form 1295 is not required because: This M&C does not request approval of a contract with a business entity.
FISCAL INFORMATION/CERTIFICATION:
The Director of Finance certifies that the approval of this recommendation will have no material effect on the City funds.
Submitted for City Manager's Office by. Jay Chapa 5804
Originating Business Unit Head: Robert Sturns 2663
Additional Information Contact: Michael Hennig 6024
Expedited