Loading...
1999-137-RES WHEREAS, TEXAS DEPT OF ECONOMIC DEVELOPMENT RESOLUTION NO. 99-137 WHEREAS, the Texas Department of Economic Development (the "Deparlmentfl) designated the City of Paris Enterprise Zone (the "Zone") on November 13, 1997; and, WHEREAS, the Department will consider the Kimberly-Clark Corporation ("Kimberly- Clarkfl) as an enterprise project pursuant to a nomination and an application made by the City of Paris, Paris, Texas (the "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"), Kimberly-Clark has applied to the City for designation as an enterprise project; and, WHEREAS, the City finds that Kimberly-Clark meets the criteria for designation as an enterprise project under Chapter 2303, Subchapter F of the Act on the following grounds: 1. Kimberly-Clark 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%) of the business' new employees will be residents of a Zone within the City's jurisdiction or economically disadvantaged individuals; 2. Kimberly-Clark 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; 3. There has been and will continue to be a high level of cooperation between public, private, and neighborhood entities within the Zone; and 4. 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 Zone; and, WHEREAS, the City finds that Kimberly-Clark meets the criteria for tax relief and other incentives adopted by the City and nominates Kimberly-Clark on the grounds that it will be located wholly within the Zone and 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 Kimberly- Clark as an enterprise project pursuant to the Act; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PARIS, PARIS, TEXAS, that the findings of the City and its actions approving this resolution taken at the council meeting are hereby approved and adopted; and, BE IT FURTHER RESOLVED, that Kimberly-Clark Corporation is a "qualified business," as defined in Section 2303.402 of the Texas Enterprise Zone Act and meets the criteria for designation as an enterprise project as set forth in Section 2303, Subchapter F of the Act; and, BE IT FURTHER RESOLVED, that the enterprise project shall take effect on the date of designation of the enterprise project by the Texas Department of Economic Development and terminate five (5) years after that date of designation. PASSED AND ADOPTED this 29th day of Nove~ber, 1999. d~/ 'L~ Charles H. Neeley, Mayor } ATTEST: ,~ Mattie Cunningham, City Clerk APPROVED AS TO FORM: