HomeMy WebLinkAboutResolution 4230-08-2013 A Resolution
NO. 4230-08-2013
NOMINATING NGC RENEWABLES, LLC, MANUFACTURING PLANT AT 5500
ALLIANCE GATEWAY 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 available pursuant to this
Resolution are the same on this date as were outlined in Ordinance No. 15733;
WHEREAS, the Office of the Governor Economic Development and Tourism through the Economic
Development Bank "Bank" will consider NGC Renewables, LLC as an enterprise project pursuant to a
nomination and an application made by the City,
i I
WHEREAS, NGC Renewables, LLC owns approximately 18.609 acres of property located at 5500 Alliance
Gateway;
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"), NGC Renewables, LLC has applied to the City for designation as an enterprise project;
WHEREAS, the City finds that NGC Renewables, LLC meets the criteria for designation as an enterprise project
under Chapter 2303, Subehapter F of the Act on the following grounds:
1. NGC Renewables, 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 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 NGC Renewables, LLC 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 NGC Renewables, LLC meets the criteria for tax relief and other incentives
adopted by the City and nominates NGC Renewables, LLC for enterprise project status on the grounds that it is
ORT WO
Resolution No.4230-08-2013
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 NGC Renewables, 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:
1. That the findings of the City and its actions approving this Resolution taken at the Council
meeting are hereby approved and adopted.
1 That NGC Renewables,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 13"'clay of August, 2011
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City of Fort worth, Texas
Mayor and Council Communication
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COUNCIL ACTION: Approved on 8/1312013 - Resolution No. 4230-08-2013
DATE: Tuesday, August 13, 2013 REFERENCE NO.: **G-17969
LOG NAME: 17NGC-RES
SUBJECT:
Adopt Resolution Nominating NGC Renewables, LLC, Manufacturing Plant at 5500 Alliance Gateway as an
Enterprise Project, Pursuant to the Texas Enterprise Zone Act, Chapter 2303, Texas Government Code
(COUNCIL DISTRICT 7)
RECOMMENDATION:
It is recommended that the City Council adopt the attached Resolution nominating NGC Renewables,
LLC, manufacturing plant at 5500 Alliance Gateway as an Enterprise Project, pursuant to Chapter 2303,
Texas Government Code.
DISCUSSION:
The City Council previously adopted Ordinance No. 15733 electing to participate in the Texas Enterprise
Zone Program, The Texas Enterprise Zone Program is an economic development tool for local
communities to partner with the State of Texas to promote job creation and capital investment in
economically distressed areas of the State. Designated projects are eligible to apply for state sales and
use tax refunds on qualified expenditures.
Local communities must nominate a company as an enterprise project in order for the company to be
eligible to receive benefits under the Enterprise Zone Program. The Office of the Governor, Economic
Development and Tourism Division, through the Economic Development Bank, will consider NGC
Renewables, LLC, as an enterprise project, pursuant to a nomination by Resolution and an application
made by the City.
The City finds that NGC Renewables, LLC, meets the criteria for designation as an enterprise project
under Chapter 2303, Subchapter F of the Act on the following grounds:
1. NGC Renewables, 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 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; d
3. The designation of NGC Renewables, LLC, as an enterprise project, will contribute significantly to
the achievement of the plans of the City for development and revitalization of the area.
NGC Renewables, LLC, manufacturers gearboxes for wind turbines and is based in China. The new Fort
Worth facility will be its North American headquarters and manufacturing facility.
Logname: 17NGC-RES Pagel of 2
This project is located in COUNCIL DISTRICT 7.
FISCAL INFORMATION /CERTIFICATION:
The Financial Management Services Director certifies that this action will not affect the appropriations of
City funds.
FUND CENTERS:
TO Fund/Account/Centers FROM Fund/Account/Centers
CERTIFICATIONS:
Submitted for City Manager's Office by: Fernando Costa (6122)
Originating Department Head: Cynthia Garcia (6187)
Ossana Hermosillo (6203)
Additional Information Contact: Ana Alvarado (2661)
Logname: 17NGC-RES Page 2 of 2