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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 O 0000 ATTEST: ACJ5�0� 0 f7 0 00 ftwo 00 By: .r r r y J.Kayser ecr ry Mal 0 0 00 AZY' RT WONT . • /�y r6;7�rA67��+°r JYMY//9/°' '" Ef➢iYMVYj"�b+ +, rwJea,v�n p', / / „;r %�r/;'r✓/ �i; 'y�� r<��.2�'f'� "J... l /J ))I //JeFi r% „:.:,, W,� /D///, /,' ,� r i/ � Y'�i ,a„r,u,,lrt�/i ✓nl?",,; a;/rid/fivio'� / ,�;.. 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I;<l ' ,., � � : ' �r;., �/i/,,,fir r r;,,ai,',' /%�/. 01, ',%„F,,, ;�%„�'«, 1 r r%�mrr�,!” �"� ///,��-/i/,���%%��", ,r,fwf i � �"�� w ��,,�'.��"� w�arw'n, a r"�ti5'i>flli`h','�yl�'�i„ �� ,/�Br,."^,"'"•ti.��'?J N9gl City of Fort worth, Texas Mayor and Council Communication ,. uu. 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