HomeMy WebLinkAboutR2016-025sAlegakour documents\resolutions\l 6\paccar enterprise project resOhltion.doc
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DENTON NOMINATING
PACCAR INC. (PACCAR) TO THE OFFICE OF THE GOVERNOR, ECONOMIC
DEVELOPMENT AND TOURISM ("OOGEDT") THROUGH THE ECONOMIC
DEVELOPMENT BANK BAS AN ENTERPRISE PROJECT ("PROJECT");
AND PROVIDING AN EFFECTIVE DATE.
WHEREAS, the City of Denton City Council (City) has previously passed Ordinance No.
2016-213 electing to participate in the Texas Enterprise Zone Program (Program) authorized by
Chapter 2303, Subchapter F of the Texas Enterprise Zone Act, Texas Government Code
and the local economic development incentives available in the City are the same on this date as
those outlined in Ordinance No. 2016-213; and
WHEREAS, the Governor's Office of Economic Development and Tourism through th*
Economic Development Bank will consider the project proposed by PACCAR INC. (PACCAR)
as an enterprise project pursuant to a nomination and an application made by the City; and
WHEREAS, the City desires to create the proper economic and social environment to
induce the investment of private resources in productive business enterprises located in severely
iistressed areas of the city and to provide employment to residents in such areas; and
WHEREAS, pursuant to the Act, PACCAR has applied to the City for designation as an
enterprise project; and
WHEREAS, the City finds that PACCAR meets the criteria for designation as an
enterprise project as required by the Act based on the following factors:
I . PACCAR is a "qualified business" under the Act because 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 inside of an enterprise zone and at least twenty-five
percent (25%) 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
the public, private, and neighborhood entities in the area; and
3. The designation of PACCAR as an enterprise project will contribute
signantly to the achievement of the plans of the City for development ant,
revitalization of the area.
WHEREAS, the City Council finds that it is in the best interest of the City to nominate
PACCAR as an enterprise project pursuant to the Act; NOW, THEREFORE,
s:\Iegal\our documents\resoltitions\16\paccar enterprise project resolution.doc
SECTION 1. The above recitals are adopted as findings of the City Council,
SECTION 2. The City Council nominates PACCAR INC. to the Governor's Office of
Economic Development and Tourism Division, through the Economic Development Bank, as an
enterprise project that shall take effect on the date of designation of the enterprise project by the
Governor's Office of Economic Development and Tourism Division and terminate five (5) years
after the date of designation.
SECTION 3. This resolution shall become effective immediately upon its passage and
approval.
PASSED AND APPROVED this the day of ei ,2016.
CHRIS I" 'S, MAYOR
ATTEST:
JENNIFER WALTERS, CITY SECRETARY
BY:
I ' T
APN Vl-",'D TOLEGAL FORM:
ANITA BURGESS, CITY ATTORNEY
BY: