HomeMy WebLinkAboutRES 91-060 i
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 Cargill Steel and
Wire Department of Cargill, 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") , Cargill
Steel and Wire Department of Cargill, Inc. has applied to the City
for designation as an enterprise project; and,
WHEREAS, the City finds that Cargill Steel and Wire
Department of Cargill, Inc. meets the criteria for designation as
an enterprise project under Section 10 (c) of the Act on the
following grounds:
1. Cargill Steel and Wire Department of Cargill, Inc. is a
"qualified business" under Section 3 (a) (10) 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 . Cargill Steel and Wire Department of Cargill, 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;
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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 Cargill Steel and Wire Department of
Cargill, Inc. 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 Cargill Steel and Wire
Department of Cargill, Inc. meets the criteria for tax relief and
other incentives adopted by the City and nominates Cargill Steel
and Wire Department of Cargill, Inc. on the grounds that it will
be located wholly within the Zone, will create at least sixty (60)
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 expend a minimum capital investment of $9,553 , 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 Cargill Steel and Wire Department of
Cargill, 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.
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BE IT FURTHER RESOLVED that Cargill Steel and Wire
Department of Cargill, Inc. is a 'qualified business' , as defined
in Section 3 (a) (10) of the Act, 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
Cargill Steel and Wire Department of Cargill, 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 Cargill Steel and
Wire Department of Cargill, 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 22 ja-,tz�e 1991.
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