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HomeMy WebLinkAboutRES 89-095 9- 9s R E S O L U T I O N WHEREAS, the Texas Department of Commerce (the "Department" ) designated the Beaumont-Jefferson Enterprise Zone ( the "Zone" ) on October 11 , 1988 ; and, WHEREAS, the Department will consider Trinity Industries as a Project pursuant to a nomination and an application made by the City of Beaumont, Texas (the "City" ) ; 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, pursuant to Section 10 of the Texas Enterprise Zone Act, Tex.Rev.Civ.Stat.Ann. Art. 5109.7 ( the "Act" ) , Trinity Industries has applied to the City for designation as an enterprise project; and, WHEREAS, the City finds that Trinity Industries meets the criteria for designation as an enterprise project under Section 10 (c) of the Act on the following grounds: 1 . Trinity Industries is a "qualified business" under Section 3 (a) (9 ) of the Act since it will be engaged in the active conduct of a trade or business in the Zone and at least twenty-five percent (25%) of the business employees will be residents of the Zone or economically disadvantaged individuals; 2. Trinity Industries is located in the Zone which has an unemployment rate of not less than one and one-half (1 -1 /2) times the state unemployment rate; 3. There has been and will continue to be a high level of cooperation between public, private, and neighborhood entities within the Zone; and, 4. The designation of Trinity Industries as an enterprise project will contribute significantly to the achievement of the plans of the City for development and revitalization of the Zone. WHEREAS, the City finds that Trinity Industries meets the criteria for tax relief and other incentives adopted by the City and nominates Trinity Industries on the grounds that it will be located wholly within the Zone, will create at least one hundred one (101 ) full-time jobs or full-time equivalent jobs, will fall within the 2,000-3,000 series of the Standard Industrial Classification Code as promulgated by the United States Office of Management and Budget, will expand a minimum capital investment of $10,000,000.00 in the Zone, will not be located on any property that is owned or leased by a member of the City Council of the City and will conform to the requirements of the City' s zoning ordinances and all other applicable laws and regulations of the City; and WHEREAS, the City finds that it is in the best interests of the City to nominate Trinity Industries as an enterprise project pursuant to the Act; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF BEAUMONT: THAT the findings of the City and its actions approving this resolution taken at the Council Meeting are hereby approved and adopted. BE IT FURTHER RESOLVED that Trinity Industries is a 'qualified business' , as defined in Section 3 (a) (9 ) of the Act, 2 and meets the criteria for designation as an enterprise project, as set forth in Section 10 of the Act. BE IT FURTHER RESOLVED that the City hereby nominates Trinity Industries as an enterprise project in accordance with the Act, and directs Karin Richmond & Associates, Inc. , on behalf of the City, to file an application requesting designation of Trinity Industries as an enterprise project with the Department. BE IT FURTHER RESOLVED that upon approval by the Department, the enterprise project will be named Trinity Industries. BE IT FURTHER RESOLVED that the enterprise project shall take effect on the date of designation of the enterprise project by the Department and terminate five (5 ) years after that date of designation. PASSED BY THE CITY COUNCIL of the City of Beaumont this the —25th day of April 1989. Mayor 3