HomeMy WebLinkAboutRES 2015-069WHEREAS, on August 3, 2010, the City of Grapevine, Texas (the "City") passed
Ordinance No. 2010-38 electing to participate in the Texas Enterprise Zone Program,
and the local incentives available under this resolution are the same on this date as
were outlined in Ordinance No. 2010-38; and
WHEREAS, the Office of the Governor Economic Development and Tourism
("OOGEDT") through the Economic Development Bank ("Bank") will consider American
Airlines, Inc. (the "Company") as an enterprise project pursuant to a nomination and an
application made by the City; and
WHEREAS, the City Council of the City of Grapevine, Texas, 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 City
and to provide employment to residents of enterprise zones and to other economically
disadvantaged individuals; and
WHEREAS, pursuant to Chapter 2303, Subchapter F of the Texas Enterprise
Zone Act, Texas Government Code (the "Act"), American Airlines, Inc. has applied to
the City for designation as an enterprise project; and
WHEREAS, the City finds that American Airlines, Inc. meets the criteria for
designation as an enterprise project under Chapter 2303, Subchapter F of the Act on
the following grounds:
1. American Airlines, Inc, is a "qualified business" under Section 2303.402 of the
Act since 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 or economically disadvantaged
individuals or veterans; and
2. There has been and will continue to be a high level of cooperation between
public, private, and neighborhood entities within the area; and
3. The designation of American Airlines, Inc. 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 finds that American Airlines, Inc. meets the criteria for tax
relief and other incentives adopted by the City and nominates American Airlines, Inc. 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 finds that it is in the best interest of the City to nominate
American Airlines, Inc. as an enterprise project pursuant to the Act; and
WHEREAS, all legal prerequisites for the adoption of this resolution have been
met, including but not limited to the Local Government Code and the Open Meetings
Act; and
WHEREAS, the City Council hereby declares that the approval of this resolution
is in the best interests of the health, safety, and welfare of the public.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF GRAPEVINE, TEXAS:
Section 1. That the findings of the City and its actions approving this resolution
taken at the council meeting are hereby approved and adopted.
Section 2. That the City finds that American Airlines, 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 3. That the City nominates American Airlines, Inc. to the State of
Texas for Enterprise Project status.
Section 4. That the enterprise project shall take effect on the date of
designation of the enterprise project by OOGEDT and terminate 5 years after the date
of designation.
PASSED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF
GRAPEVINE, TEXAS on this the 17th day of November, 2015.
RES. NO. 2015-069 2
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William D Tate
Mayor
ATTEST:
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Tara Brooks
City Secretary
John F. Boyle, Jr.
City Attorney
RES. NO. 2015-069 3