Res 175-96 11/19/1996RESOLUTION NO. 1q -qo
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF WICHITA
FALLS, TEXAS, TO NOMINATE CUSTOM METAL SERVICES, INC. AS AN
ENTERPRISE ZONE PROJECT TO BE SUBMITTED TO THE TEXAS
DEPARTMENT OF COMMERCE; FINDING AND DETERMINING THAT
THE MEETING AT WHICH THIS RESOLUTION WAS PASSED WAS OPEN
TO THE PUBLIC AS REQUIRED BY LAW.
WHEREAS, the Texas Department of Commerce ("Commerce") designated the City of Wichita
Falls North Enterprise Zone (the "Zone") on June 27, 1991;
WHEREAS, Commerce will consider Custom Metal Services, Inc. as an enterprise project pursuant
to a nomination and an application made by the City of Wichita Falls, Texas (the "City");
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;
WHEREAS, pursuant to Chapter 2303, Subchapter F of the Texas Enterprise Zone Act, Texas
Government Code (the "Act"), Custom Metal Services, Inc. has applied to the City for designation as an
enterprise project;
WHEREAS, the City finds that Custom Metal Services, Inc. meets the criteria for designation as an
enterprise project under Chapter 2303, Subchapter F of the Act on the following grounds:
1.Custom Metal Services, Inc. is a "qualified business" under Section 2303.402 of the Act
since it will be engaged in the active conduct of trade or business in the Zone and at least
twenty-five percent (25%) of the business' new employees will be residents of a Zone
within the City's jurisdiction or economically disadvantaged individuals;
2.Custom Metal Services, Inc. is located in the Zone, or has made a substantial commitment
to locate in the Zone, which has an unemployment rate of not less than one and one-half
1-1/2) times the state 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 Custom Metal Services, Inc. as an enterprise project will contribute
significantly to the achievement of the plans of the City for development and revitalization
of the Zone;
WHEREAS, the City finds that Custom Metal Services, Inc. meets the criteria for tax relief and
other incentives adopted by the City and nominates Custom Metal Services, Inc. on the grounds that it
will be located wholly within the Zone and it 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 Custom Metal
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:
SECTION 1. Custom Metal 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.
SECTION 2. The enterprise project shall take effect on the date of designation of the enterprise
project by Commerce and terminate five (5) years after that date of designation.
SECTION 3. It is hereby officially found and determined that the meeting at which this Resolution
was passed was open to the public as required by law.
PASSED AND APPROVED this the 19th day of November, 1996.
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ATTEST:
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JERK