HomeMy WebLinkAboutRES 90-027 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 Atochem North
American, Inc. 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" ) , Atochem
North American, Inc. has applied to the City for designation as an
enterprise project; and,
WHEREAS, the City finds that Atochem North American, Inc.
meets the criteria for designation as an enterprise project under
Section 10 (c) of the Act on the following grounds:
1. Atochem North American, Inc. 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 ( 25a ) of the business employees will be
residents of the Zone or economically disadvantaged
individuals;
2. Atochem North American, Inc. 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 Atochem North American, Inc. as an
enterprise project will contribute significantly to the
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achievement of the plans of the City for development and
revitalization of the Zone.
WHEREAS, the City finds that Atochem North American, Inc.
meets the criteria for tax relief and other incentives adopted by
the City and nominates Atochem North American, Inc. on the grounds
that it will be located wholly within the Zone, will create at
least thirty-one (31) 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
$22,000,000 .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 Atochem North American, Inc. 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 Atochem North American, Inc.
is a 'qualified business ' , as defined in Section 3 (a) ( 9 ) of the
Act, and meets the criteria for designation as an enterprise
project, as set forth in Section 10 of the Act.
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BE IT FURTHER RESOLVED that the City hereby nominates
Atochem North American, Inc. as an enterprise project in accordance
with the Act.
BE IT FURTHER RESOLVED that upon approval by the
Department, the enterprise project will be named Atochem North
American, Inc.
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 day of p� . 1990 .
Mayor -
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