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RESOLUTION NO. 23-723
A RESOLUTION OF THE CITY COUNCL OF THE CITY OF DENTON NOMINATiNG
PACCAR, INC., TO THE OFFICE OF THE GOVERNOR ECONOMIC DEVELOPMENT ANDTOURISM 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 2016-213, 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
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
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, 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 :
1.PACCAR 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 inside of an enterprise zone and at least
twenty-five percent (25.0%) 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 PACCAR 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 PACCAR meets the criteria for tax relief and other
incentives adopted by the City and nominates PACCAR 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 nominatePACCAR 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 PACCAR, INC., 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. PACCAIt, 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 4. This resolution shall become effective immediately upon its passage and
approval.
The motion to approve this resoluti,„ wa, m,d, by (k,is LJJt S m
q, th' ”'d by=: Of: i :Lr:o ]F e : Tppp =7 = 1/1 LI o
Aye Nay Abstain Absent
Mayor Gerard Hudspeth:1/
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Vicki Byrd, District 1 :
Brian Beck, District 2:
Paul Meltzer, District 3 :
Joe Holland, District 4:
Brandon Chase McGee, At Large Place 5 :
Chris Watts, At Large Place 6:
PASSED AND APPROVED thi, th, /Ct- d,y ,f nay , 2023.
GERARO HLrDSPETH, MAYOR
BIll IIII//ATTEST:
JESUS SALAZAR, [NTERIM CITY SECRETARY
APPROVED AS TO LEGAL FORM:
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