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HomeMy WebLinkAboutRES 20-032RESOLUTION N0.20-032 WHEREAS, the City of Beaumont (City) has previously passed Ordinance No. 11-087 electing to participate in the Texas Enterprise Zone Program, and the local incentives offered under this resolution are the same on this date as were outlined in Ordinance No. 11-087; and, WHEREAS, the Office of the Governor Economic Development and Tourism, through the Economic Development Bank (Bank) will consider ExxonMobil Oil Corporation as an enterprise project pursuant to a nomination and an application made by 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 City and to provide employment to residents of enterprise zones and to other economically disadvantaged individuals; and, WHEREAS, pursuant to Texas Government Code, Chapter 2303, cited as the Texas Enterprise Zone Act, (the "Act"), ExxonMobil Oil Corporation has applied to the City for designation as an enterprise project; and, WHEREAS, the City finds that ExxonMobil Oil Corporation meets the criteria for. designation as an enterprise project under Chapter 2303, Subchapter F of the Act at its Refinery located at 1795 Burt Street on the following grounds: 1. ExxonMobil Oil Corporation 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 located in an enterprise zone and at least twenty-five percent (25.0%) of the business' new employees will be residents of an enterprise zone, economically disadvantaged individuals, or veterans; 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 ExxonMobil Oil Corporation as an enterprise project will contribute significantly to the achievement of the plans of the City for development and revitalization of the area ; and, WHEREAS, the City finds that ExxonMobil Oil Corporation meets the criteria for tax relief and other incentives adopted by the City and nominates ExxonMobil Oil Corporation for enterprise project status on the grounds that it will be located at the qualified business site, will create a higher level of employment, economic activity and stability; and, WHEREAS, the City finds that it is in the best interest of the City to nominate ExxonMobil Oil Corporation 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; and, BE IT FURTHER RESOLVED THAT ExxonMobil Oil Corporation 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 Chapter 2303, Subchapter F of the Act for its Refinery located at 1795 Burt Street; and, BE IT ALSO RESOLVED THAT the enterprise project shall take effect on the date of designation of the enterprise project by the agency and terminate five years from the date of designation. ' The meeting at which this resolution was approved was in all things conducted in strict compliance with the Texas Open Meetings Act, Texas Government Code, Chapter 551. PASSED BY THE CITY COUNCIL of the City of Beaumont this the 18th day of February, 2020. r24 I