Res 127-2013 11/19/2013RESOLUTION NO. 127-2013
Resolution Nominating PPG Industries, Inc. 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, 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 Economic Development and Tourism
OOGEDT) through the Economic Development Bank (Bank) will consider PPG
Industries, 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, 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 Chapter 2303, Subchapter F of the Texas Government
Code, the Texas Enterprise Zone Act (the "Act"), PPG Industries, Inc. has applied to the
City for designation as an enterprise project; and
WHEREAS, the City finds that PPG Industries, Inc. meets the criteria for
designation as an enterprise project under Chapter 2303, Subchapter F of the Act on
the following grounds:
1. PPG Industries, 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 least 35% of the business' new employees certified for
state benefit will be residents of an enterprise zone or economically
disadvantaged individuals; 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 PPG Industries, Inc. 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 PPG Industries, Inc. meets the criteria for tax relief
and other incentives adopted by the City and nominates PPG Industries, 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
PPG Industries, 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, 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 PPG Industries, 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 PPG Industries, 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 and terminate 5 years after the date of designation.
PASSED AND APPROVED this the 19th day of November, 2013.
M A Y O R
ATTEST:
City Clerk