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Res 056-94 4/19/1994RESOLUTION NO. A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF WICHITA FALLS, TEXAS, TO NOMINATE ROADWAY PACKAGE SYSTEM, INC. AS AN ENTERPRISE ZONE PROJECT TO BE SUBMITTED TO THE TEXAS DEPARTMENT OF COMMERCE; FINDING AND DETERMINING THAT THE MEETING AT WHICH THIS ORDINANCE 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 Roadway Package System, 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 Section 10 of the Texas Enterprise Zone Act, Texas Revised Civil Statutes Annotated Article 5190.7 (the "Act"), Roadway Package System, Inc. has applied to the City for designation as an enterprise project; WHEREAS, the City finds that Roadway Package System, Inc. meets the criteria for designation as an enterprise project under Section 10 (c) of the Act on the following grounds: 1.Roadway Package System, Inc. is a "qualified business" under Section 3(a) (10) 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%) o f the bus in ess' new employees will be reresidents of a Zone within the City's jurisdiction or economically disadvantaged individuals; 2. Roadway Package System, 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 Roadway Package System, 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 Roadway Package System, Inc. meets the criteria for tax relief and other incentives adopted by the City and nominates Roadway Package System, Inc. on the grounds that it will be located wholly within the Zone, will create a higher level of employment, economic activity and stability; and WHEREAS, the City finds that it is in the best interests of the City to nominate Roadway Package System, Inc. as an enterprise project to the Act. NOW, THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF WICHITA FALLS, TEXAS: SECTION 1. Roadway Package System, Inc. is a "qualified business ", as defined in Section 3 (a) 10) of the Act, and meets the criteria for designation as an enterprise project, as set forth in Section 10 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 Ordinance was passed was open to the public as required by law. PASSED AND APPROVED this the 19th day of April, 1994. r7 - 4 M Y O R ATTEST: Ala) OAA-CA CI LERK The State of Texas County of Wichita I, Lydia Torres, City Clerk of the City of Wichita Falls, Texas do hereby certify that the above and foregoing is a true and correct copy of Resolution Number & 4 passed by the City of Wichita Falls City Council on the 19th day of April, 1994. City Seal) Lydia ones, i Clerk The State of Texas County of Wichita Before me, the undersigned authority, on this day personally appeared Lydia Torres, City Clerk of the City of Wichita Falls, Texas, known to me the person whose name is subscribed to the foregoing instrument, and acknowledged to me that she executed the same for the purposes and consideration therein expressed. Given under my hand and seal of office this 2/ day of April, 1994. o D. Charlese Hearn Ls Notary Public, State of Texas My Comm.Expires Dec.27.1994 8 I If IJ Jfffr ffrf f f f`, My commission expires i 2 7 / 7 u Notary Seal