HomeMy WebLinkAbout21-109321-1093RESOLUTION NO.
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DENTON NOMINATING
DYNAGRID CONSTRUCTION GROUP, LLC, TO THE OFFICE OF THE GOVERNOR
ECONOMIC DEVELOPMENT AND TOURISM THROUGH THE ECONOMIC
DEVELOPMENT BANK AS AN ENTERPRISE PROJECT; AND PROVIDING AN
EFFECTIVE DATE.
WHEREAS, the City of Denton (“City”) has previously passed Ordinance No. 2016-213,
electing to participate in the Program authorized by Chapter 2303, Subchapter F of the Texas
Enterprise Zone Act, Texas Government Code (“Act”), and the local economic development
incentives available in the City are the same on this date as those outlined in Ordinance 2016-213 ;
and
WHEREAS, the City amended Ordinance No. 2016-213 to revise the City’s liaison for
communications and to clarify the list of possible incentives that the City may offer through
Ordinance 18-1366; and
WHEREAS, the local economic development incentives offered under this resolution and
available in the City are the same on this date as those outlined in Ordinance 2016-2 13, as amended
by Ordinance 18-1366; and
WHEREAS, the Governor’s Office of Economic Development and Tourism (“EDT”)
through the Economic Development Bank (“EDB”) will consider the project proposed by
DIWAGRID CONSTRUCTION GROUP, LLC (“DYNAGRID”) 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
distressed areas of the City and to provide employment to residents in such areas and to other
economically disadvantaged individuals; and
WHEREAS, pursuant to the Act, DYNAGRID has applied to the City for designation as
an enterprise project; and
WHEREAS, the City finds that DYNAGRID meets the criteria for designation as an
enterprise project as required by the Act based on the following factors:
1.DYNAGRID is a “qualified business” under Section 2303.402 of 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 outside of an enterprise zone and at
least thirty-five percent (35.0%) 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 DYNAGRID 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 Council finds that DYNAGRID meets the criteria for tax relief and
other incentives adopted by the City and nominates DYNAGRID 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 Council finds that it is in the best interest of the City to nominate
RANCHLAND as an enterprise project pursuant to the Act; NOW, THEREFORE,
THE COUNCIL OF THE CITY OF DENTON HEREBY RESOLVES :
SECTION 1. The above recitals are adopted as findings of the City Council.
SECTION 2. The City Council nominates DYNAGRID CONSTRUCTION GROUP, LLC,
to the EDT, through the EDB, as an enterprise project that shall take effect on the date of
designation of the enterprise project by the EDT and terminate five (5) years after the date of
designation.
SECTION 3. DYNAGRID, 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.
SECTION 4. This resolution shall become effective immediately upon its passage and
approval.
The motion to approve this resolution was made by ' tb \ N\t \\ ze C and
seconded by ViC Li e)] C& , the resd by
the following vote k -a:
Aye
Ia
V/
£
J
Nay Abstain Absent
Gerard Hudspeth, Mayor:
Vicki Byrd, District 1 :
Brian Beck, District 2:
Jesse Davis, District 3 :
Alison Maguire, District 4:
Deb Armintor, At Large Place 5 :
Paul Meltzer, At Large Place 6:/
PASSED AND ADOPTED thI, th, IS a d,y ,f TOnl 202 1
asP'tHY=
ATTEST:
ROSA RIOS, CITY SECRETARY
ItbIt 111111
a
APPROVED AS TO LEGAL FORM:
CATHERINE CLIFTON, INTERIM CITY ATTORNEY
Digitally signed by Mack
/luI %thBY: I „,bJ
Reinwand
Date: 2021.06.07 1 2:41 :57
- -Q5'QO'