HomeMy WebLinkAboutRES 98-128 RESOLUTION NO.
WHEREAS, Commerce designated the City of Beaumont's Enterprise Zone (the
"Zone") on January 9, 1998; 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 Zone and to provide employment to residents of the
Zone and to other economically disadvantaged individuals; and,
WHEREAS, the Tax Code allows that during each calendar year, no more than
three (3) qualified businesses may be nominated to Commerce among all enterprise zones
within the City's jurisdiction for the purpose of receiving a one-time refund of $5,000 in
state sales taxes; and,
WHEREAS, C&D Robotics, Inc. is wholly located within the Zone and has
committed to retain at least ten (10) jobs and the jobs provided employment of at least
1,820 hours over a one-year period beginning February 1, 1998 and ending January 31,
1999; and,
WHEREAS, at the end-of-the year period, or at which time as C&D Robotics, Inc.
can prove it is a qualified business as defined by the Act and retained at least ten (10) jobs
held by qualified employees that worked at least 1,820 hours since February 1 , 1998 and
that at least 25 percent of the new employees hired to fill jobs vacated by the employees
occupying the ten (10) retained positions are economically disadvantaged or residents of
the Beaumont/Nederland/Jefferson County Enterprise Zone, No. EZ-239-010998-BNJC,
Commerce may certify to the Comptroller that C&D Robotics, Inc. is a qualified business
eligible to receive a one-time state sales tax refund available through the Enterprise Zone
Program; and,
WHEREAS, the City nominates C&D Robotics, Inc. as the first of three qualified
business allowed by the Act to be eligible for a one-time state sales tax refund during the
calendar year 1998 on the grounds that it will create economic activity and stability in the
zone; and,
WHEREAS, the City finds that it is in the best interests of the City to nominate C&D
Robotics, Inc. as a qualified business pursuant to the Act.
NOW, THEREFORE, BE IT RESOLVED BY THE
CITY COUNCIL OF THE CITY OF BEAUMONT:
Section 1.
That the findings of the City and its actions approving this resolution taken at the
council meeting are hereby approved and adopted.
Section 2.
That C&D Robotics, Inc. is nominated a qualified business as defined in Section
2303.401(a) of the Act.
Section 3.
That the nomination period shall be in effect from February 1, 1998 to January 31,
1999,
PASSED BY THE CITY COUNCIL of the City of Beaumont this the :rZ,eZ'- day
of ��L�4 1 998.
4
-Mayor-