Res 019-2024 Nominating Vitro Flat Glass LLC for Designation as a Single Enterprise Project 02/20/2024 Resolution No. 19-2024
Resolution nominating Vitro Flat Glass LLC 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 (EZP)
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 offered under this resolution are the same on this date
as were outlined in Ordinance No. 29-2010; and,
WHEREAS, the Office of the Governor Economic Development and Tourism
(OOGEDT) through the Economic Development Bank (Bank) will consider Vitro Flat
Glass LLC (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, 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 veterans; and,
WHEREAS, pursuant to Chapter 2303, Subchapter F of the Texas Enterprise Zone
Act, Texas Government Code (the "Act"), Vitro Flat Glass LLC has applied to the City
for designation as an enterprise project; and,
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:
a) 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 qualified
business site within the governing body's jurisdiction, located outside of an
enterprise zone and at least thirty-five percent (35.0(Y0) of the business' new
employees will be residents of an enterprise zone, veterans, or economically
disadvantaged individuals;
b) There already is and will continue to be a high level of cooperation between public,
private, and neighborhood entities within the area; and
c) The designation of Vitro Flat Glass LLC 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 through supporting implementation
of the City's Economic Development Plan.
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 it will be located at the qualified business site,
will create a higher level of employment, economic activity, and stability in the area; 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:
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 the OOGEDT and terminate 5 years after the date of designation.
PASSED AND APPROVED this 20th day of February, 2024.
MAYOR
ATTEST:
.17)
ity Clerk