Res 021-2018 2/20/2018
Resolution No. __21-2018__
Resolution nominating Howmet Castings & Services, Inc. Wichita
Falls to the Office of the Governor, Economic Development and
Tourism through the Economic Development Bank for designation
as a Single Enterprise Project (Project) under the Texas Enterprise
Zone Program under the Texas Enterprise Zone Act, Chapter 2303,
Texas Government Code (Act)
WHEREAS, on May 18, 2010, the City of Wichita Falls (the “City”) previously
passed Ordinance No. 29-2010 electing to participate in the Texas Enterprise Zone
Program, and the local incentives available under this resolution are the same on this
date as were outlined in Ordinance No. 29 -2010; and,
WHEREAS, the Office of the Governor of Economic Development and Tourism
(OOGEDT) through the Economic Development Bank (Bank) will consider Howmet
Castings & Services, Inc. (the “Company”) as an enterprise project pursuant to a
nomination and an application made by the City; and,
WHEREAS, the City Council of the City of Wichita Falls, Texas, des ires 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 veterans; and,
WHEREAS, pursuant to Chapter 2303, Subchapter F of the Texas Enterprise
Zone Act, Texas Government Code (the "Act"), Howmet Castings & Services, Inc.
Wichita Falls has applied to the City for desi gnation as an enterprise project; and,
WHEREAS, the City finds that Howmet Castings & Services, Inc. meets the
criteria for designation as an enterprise project under Chapter 2303, Subchapter F of
the Act on the following grounds:
1. Howmet Castings & Servi ces, Inc. 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 within the governing body’s jurisdiction
located outside of an enterprise zone and at l east thirty-five percent (35.0%) of
the business' new or replacement personnel for certified jobs will be
economically disadvantaged persons, veterans or enterprise zone residents; and
2. There already is and will continue to be a high level of cooperation b etween
public, private, and neighborhood entities within the area; and
3. The designation of Howmet Castings & Services, Inc. as an enterprise project
will contribute significantly to the achievement of the strategic plans of the City
for accelerating economic growth and revitalization of the area.
WHEREAS, the City finds that Howmet Castings & Services, Inc. meets the
criteria for tax relief and other incentives adopted by the City and nominates Howmet
Castings & Services, Inc. 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
Howmet Castings & Services, Inc. as an enterprise project pursuant to the Act .
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF WICHITA FALLS, TEXAS:
1. The findings of the City and its actions approving this resolution taken at the
council meeting are hereby appr oved and adopted.
2. The City finds that Howmet Castings & Services, Inc. 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.
3. The City nominates Howmet Castings & Services, Inc. to the State of Texas for
Enterprise Project status.
4. The enterprise project shall take effect on the date of designation of the
enterprise project by EDT and terminate 5 years after the date of d esignation.
PASSED AND APPROVED this 20th day of February, 2018.
______________________________
M A Y O R
ATTEST:
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City Clerk