HomeMy WebLinkAboutRES 2021-020 RESOLUTION NO. 2021-020
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
GRAPEVINE, TEXAS, NOMINATING PAYCOM PAYROLL,
LLC TO THE OFFICE OF THE GOVERNOR, ECONOMIC
DEVELOPMENT AND TOURISM THROUGH THE
ECONOMIC DEVELOPMENT BANK FOR DESIGNATION
AS AN ENTERPRISE PROJECT ("PROJECT") UNDER
THE TEXAS ENTERPRISE ZONE PROGRAM UNDER THE
TEXAS ENTERPRISE ZONE ACT, CHAPTER 2303, TEXAS
GOVERNMENT CODE ("ACT").
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 Paycom
Payroll, LLC (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, the City finds that Paycom Payroll, LLC meets the criteria for
designation as an enterprise project under Chapter 2303, Subchapter F of the Act on
the following grounds:
1. Paycom Payroll, LLC 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, 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 Paycom Payroll, LLC 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 Paycom Payroll, LLC meets the criteria for tax
L. relief and other incentives adopted by the City and nominates Paycom Payroll, LLC 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
WHEREAS, the City finds that it is in the best interest of the City to nominate
Paycom Payroll, LLC as an enterprise project pursuant to the Act.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF GRAPEVINE, TEXAS:
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 Paycom Payroll, 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 3. The City nominates Paycom Payroll, LLC 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 Office of the Governor, Economic Development and Tourism
and terminate 5 years after the date of designation.
PASSED AND APPROVED BY THE CITY COUNCIL OF THE CITY *F
GRAPEVINE, TEXAS on this the 16th day of November, 2021.
APPr O E►
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Mayor Peo r
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ATTEST:
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Tara Brooks
City Secretary
Resolution No. 2021-020 2
APPROVED AS TO FORM:
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Matthew C.G. Boyle
City Attorney
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Resolution No. 2021-020 3