HomeMy WebLinkAboutR03-117ENTERPRISE PROJECT EXCEL
RESOLUTION 03-117
A RESOLUTION OF THE CITY OF PLAINVIEW, TEXAS, NOMINATING
EXCEL CORPORATION FOR ENTERPRISE PROJECT DESIGNATION
WHEREAS, Texas Economic Development ("Department") will receive the
application for the proposed City of Plainview and the Hale County Enterprise Zone
(Plainview/Hale County Enterprise Zone) (the "Zone") on or before March 1, 2003; and
WHEREAS, Department will consider Excel Corporation as an enterprise project
pursuant to a nomination and an application made by the City of Plainview, Texas
("City"); and
WHEREAS, the City 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 Zone and to provide employment to residents of the
Zone 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"), Excel Corporation has applied to City for
designation as an enterprise project; and,
WHEREAS, the City finds that Excel Corporation meets the criteria for
designation as an enterprise project under Chapter 2303, Subchapter F of the Act on
the following grounds:
Excel Corporation 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 in the Zone
and at least twenty-five percent (25.0%) of the business' new employees will be
residents of a Zone within the City's jurisdiction or economically disadvantaged
individuals;
Excel Corporation is located in the Zone, or has made a substantial commitment
to locate in the Zone, which has an unemployment rate of not less than one and
one-half (1- 1/2) times the state unemployment rate;
There has been and will continue to be a high level of cooperation between
public, private, and neighborhood entities within the Zone; and
The designation of Excel Corporation as an enterprise project will contribute
significantly to the achievement of the plans of the City for development and
revitalization of the Zone.
WHEREAS, the City finds that Excel Corporation meets the criteria for tax relief
and other incentives adopted by the City and nominates Excel Corporation on the
Resolution 03-117
Enterprise Project Excel
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grounds that it will be located wholly within the Zone, 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
Excel Corporation as an enterprise project pursuant to the Act;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY OF PLAINVIEW, TEXAS:
That the findings of the City and its actions approving this resOlution taken at the
council meeting are hereby approved and adopted.
BE IT FURTHER RESOLVED that Excel Corporation 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.
BE IT FURTHER RESOLVED that the enterprise project shall take effect on the
date of designation of the enterprise project by the department and terminate five (5)
years after that date of designation.
PasSed and approved this 25th day of February, 2003.
' elin;da Hinojosa, ~ity ~ecr~w
APPROVED AS TO FORM:
VV-ally'H~;~, (~i~-Attorney
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