HomeMy WebLinkAbout22-0503RESOLUTiON NO. 22-0503
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DENTON NOMINATINGMAYDAY MANUFACTURING CO., TO THE OFFICE OF THE GOVERNOR ECONOMICDEVELOPMENT 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 Texas Enterprise Zone Program (“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 thoseoutlined 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 2016-213, 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 Mayday
Manufacturing Co. (“Mayday”) 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, the City previously nominated Mayday to be designated as an enterprise
project on May 23, 2017 by Resolution number 2017-020, which designation expires on June 1,2022 and
WHEREAS, pursuant to the Act, Mayday has again applied to the City for designation as
an enterprise project; and
WHEREAS, the City finds that Mayday meets the criteria for designation as an enterprise
project as required by the Act based on the following factors:
1 Mayday 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 leastthirty-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 Mayday as an enterprise project will contribute significantly to theachievement of the plans of the City for development and revitalization of the area.
WHEREAS, the City Council finds that Mayday meets the criteria for tax relief and other
incentives adopted by the City and nominates Mayday 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
Mayday Manufacturing 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 Mayday Manufacturing, 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. Mayday Manufacturing, 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.’U"is resolution was madeThe motion toBrIan theseconded by by As LbWandresolution was passedHnd approved bythe following vote n - a :
Aye
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Nay Abstain Absent
Gerard Hudspeth, Mayor:
Vicki Byrd, District 1 :
Brian Beck, District 2:
Jesse Davis, District 3 :
Alison Maguire, District 4:
Brandon Chase McGee, At Large Place 5 :
Chris Watts, At Large Place 6:
PASSED AND ADOPTED this the a-dE 2022.
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ATTEST:
ROSA RIOS, CITY SECRETARY L\\\III IIII
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APPROVED AS TO LEGAL FORM:
MACK REINWAND, CITY ATTORNEY
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Deputy City Attorney