HomeMy WebLinkAboutRES 2016-035RESOLUTION OF THE CITY COUNCIL OF OF
GRAPEVINE, NOMINATING
AIRLINES, INC. TO THE OFFICE GOVERNOR,
ECONOMIC DEVELOPMENT AND TOURISM THROUGH
THE ECONOMIC DBANK FOR
DESIGNATION
AS AN ENTERPRISE PROJECT
•JECT") UNDER THE TEXAS ENTERPRISE
ZONE
PROGRAM UNDER. •
NE
CHAPTER 2303, TEXAS GOVERNMENT•D
WHEREAS, 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 for a
second time to the City for designation as an enterprise project, the first time concerning
different assets and successfully approved in the November 17th, 2015 City Council
meeting; 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; 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;
WHEREAS, all constitutional and statutory prerequisites for the approval of this
Resolution have been met, including but not limited to the Open Meetings Act; and
WHEREAS, the City Council deems the adoption of this resolution to be in the
best interests of the health, safety, and welfare of the public; and
EWHEREAS, the City finds that it is in the best interest of the City to nominate
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.
NOW, •. BE IT RESOLVEDi OF
*F GRAPEVINE,
Section 1. That all matters stated hereinabove are found to be true and correct
and are incorporated herein by reference as if copied in their entirety.
Section 2. 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. The City nominates American Airlines, Inc. to the State of Texas for
Enterprise Project status.
Section 4. 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 31d day of May, 2016.
Resolution No. 2016-035 2
ONOWNW91
1)0�
Will D. Tate
Mayor
ATTEST: GRAPE
ro
Tara Brooks
Ir
City Secretary Y
John F. Boyle, Jr.
City Attorney
Resolution No. 2016-035 3