Res 122-2018 VITRO Enterprise Project Nomination 11/20/2018
Resolution No. 122-2018
Resolution Nominating Vitro Flat Glass LLC to the Office of the
Governor, Economic Development and Tourism through the
Economic Development Bank for Designation as an Enterprise
Project (Project) under the Texas Enterprise Zone Program under the
Texas Enterprise Zone Act, Chapter 2303, TGC
EXAS OVERNMENT ODE
(Act)
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;
WHEREAS, the Office of the Governor Economic Development and Tourism
Vitro Flat
(OOGEDT) through the Economic Development Bank (Bank) will consider
Glass LLC
application made by the City;
WHEREAS, the City Council of the City of Wichita Falls, Texas, 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;
WHEREAS, pursuant to Chapter 2303, Subchapter F of the Texas Enterprise
Zone Act, TGC (the "Act"), Vitro Flat Glass LLC has applied to the
EXAS OVERNMENT ODE
City for designation as an enterprise project;
WHEREAS, the City finds that Vitro Flat Glass LLC meets the criteria for
designation as an enterprise project under Chapter 2303, Subchapter F of the Act on
the following grounds:
1. Vitro Flat Glass LLC 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
of an enterprise zone and at least thirty-five percent (35.0%) 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 Vitro Flat Glass LLC as an enterprise project will
contribute significantly to the achievement of the plans of the City for
development and revitalization of the area.
WHEREAS, the City finds that Vitro Flat Glass LLC meets the criteria for tax
relief and other incentives adopted by the City and nominates Vitro Flat Glass LLC 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
Vitro Flat Glass LLC,as an enterprise project pursuant to the Act;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF WICHITA FALLS, TEXAS, THAT:
1. The findings of the City and its actions approving this resolution taken at the
council meeting are hereby approved and adopted.
2. The City finds that Vitro Flat Glass LLC 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 Vitro Flat Glass LLC 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 OOGEDT and terminate 5 years after the date of
designation.
th
PASSED AND APPROVED this the 20 day of November, 2018.
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M A Y O R
ATTEST:
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City Clerk