HomeMy WebLinkAboutRES 02-105 RESOLUTION NO. 02-105
Whereas, the Texas Department of Economic Development ("Department") has
designated the Beaumont/Nederland/Jefferson County Enterprise Zone (the "Zone") on
January 9, 1998; and,
WHEREAS, Department will consider the Goodyear Tire & Rubber Company
("Goodyear") as an enterprise 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 Chapter 2303, Subchapter F of the Texas Enterprise Zone
Act, Texas Government Code (the"Act"), Goodyear has applied to the City for designation
as an enterprise project; and,
WHEREAS, the City finds that Goodyear, or its successor in interest, meets the
criteria for designation as an enterprise project under Chapter 2303, Subchapter F of the
Act on the following grounds:
1. Goodyear 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 in the Zone and at
least twenty-five percent (25.0%) of the business' new
employees will be residents of a Zone within the City's
jurisdiction or economically disadvantaged individuals.
2. Goodyear is located in the Zone, or has made a
substantial commitment to locate in the Zone, which
has an unemployment level of at least one and one-half
(1 '/2) times the State of Texas 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 Goodyear as an enterprise project
will contribute significantly to the achievement of the
plans of the City for development and revitalization of
the Zone; and,
WHEREAS, the City finds that Goodyear meets the criteria for tax relief and other
incentives adoped by the City and nominates Goodyear on the gournds that it will be
located wholly within the Zone, 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
Goodyear as an enterprise project pursuant to the Act:
NOW, THEREFORE, BE IT BE 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 the City of Beaumont hereby nominates
Goodyear as a Texas Enterprise Zone Project.
BE IT FURTHER RESOLVED, that Goodyear 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 Section 2303, subchapter F of the Act.
BE IT FURTHER RESOLVED, that the enterprise project shall take effect of 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 7th day of May,
2002.
- Mayor velyn M. Lord -