2016-034 - Texas Enterprise Zone Program under the Texas Enterprise Zone Act, Chapter 2303, Texas Government Code; Providing Tax Incentives; Nominating Kimberly-Clark Corporation ...

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Section 7. The City Council of the City of Paris designates the City Engineer, as the City's liaison to communicate and negotiate with the OOGEDT through the Bank and enterprise project(s) and to oversee zone activities and communications with qualified businesses and other entities in an enterprise zone or affected by an enterprise project. Additionally, the City Engineer shall oversee enterprise projects nominated by the City and to perform the other duties described in Section 2303.204 of the Act. The City authorizes the City Engineer to file an application requesting designation of Kimberly -Clark as an Enterprise Project with the Bank, and to execute all documents and agreements necessary to process the application. Further, the City directs the City Engineer or her designee to submit to the Bank the information required by section 2303.4052 of the Act. Section 8. The City finds that Kimberly -Clark meets the criteria for designation as an enterprise project under the Act on the following grounds: (a) Kimberly -Clark is a "qualified business" under Section 2303.402 of the Act because it is 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 %) of its new employees at the qualified business site will be residents of an enterprise zone in this state or economically disadvantaged individuals; (b)The Kimberly -Clark project is qualified under Section 2303.404 of the Act because (1) it involves "an expansion, renovation, or new construction "; (2) it will be completed within a predetermined period not to exceed five years; and (3) Kimberly -Clark maintains separate books and records for the Paris manufacturing operations; (c) There has been and will continue to be a high level of cooperation between public, private, and neighborhood entities within the jurisdiction of the City; (d) The designation of Kimberly -Clark as an enterprise project will contribute significantly to the achievement of the plans of the City for development and revitalization of the area in which the enterprise project will be located; and Section 9. Upon approval by the Bank, the Enterprise Project will be named KIMBERLY -CLARK CORPORATION PROJECT ( "Project "). Section 10. The Enterprise Project designation must be for a predetermined designation period approved by the Bank, with a beginning date and ending date for the Project; and the designation period for the Project may not exceed five (5) years from the date on which the designation is made, as required by Section 2303.404 of the Act. Kimberly -Clark and the City request that the Bank approve December 1, 2016, as the beginning date and December 1, 2021, as the ending date of the Project. Section 11. That this ordinance shall be effective following passage and publication as required by law.