HomeMy WebLinkAboutRES 012726-5.I - Nomination of Hunt Electric Corp dba Baer Manuf for Tx Enterprise Zone ProgramRESOLUTION NO. 01.2.Z.2(o :S. t
AN RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
GEORGETOWN, TEXAS, NOMINATING HUNT ELECTRIC
CORPORATION, A MINNESOTA CORPORATION, DOING
BUSINESS AS BAER MANUFACTURING FOR TEXAS ENTERPRISE
ZONE PROJECT; AND PROVIDING FOR AN EFFECTIVE DATE;
WHEREAS, the City of Georgetown, Texas ("City") has previously passed Ordinance No.
2004-48 adopted August 24, 2004, electing to participate in the Texas Enterprise Zone Program,
and the local incentives offered under this Resolution are the same on this date as were outlined in
Ordinance No. 2004-48; and
WHEREAS, the Office of the Governor Economic Development and Tourism ("EDC")
through the Economic Development Bank ("Bank") will consider Hunt Electric Corporation, a
Minnesota corporation, doing business as Baer Manufacturing. as an enterprise project pursuant
to a nomination and an application made by 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 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"), Hunt Electric Corporation, a Minnesota corporation, doing
business as Baer Manufacturing. has applied to the City for designation as an enterprise project;
and
WHEREAS, the City finds that Hunt Electric Corporation, a Minnesota corporation, doing
business as Baer Manufacturing meets the criteria for designation as an enterprise project under
Chapter 2303, Subchapter F of the Act on the following grounds:
1. Hunt Electric Corporation, a Minnesota corporation, doing business as Baer Manufacturing
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 located in an enterprise
zone and at least twenty-five percent (25.0%) 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 Hunt Electric Corporation, a Minnesota corporation, doing business as
Baer Manufacturing as an enterprise project will contribute significantly to the
achievement of the plans of the City for development and revitalization of the area.
Resolution Number: V (;,-7 Z6 �5 • Page 1 of 3
Subject:
Date Approved:
o\ 1 2-412v2�,
WHEREAS, the City finds that Hunt Electric Corporation, a Minnesota corporation, doing
business as Baer Manufacturing, meets the criteria for tax relief and other incentives adopted by
the City and nominates Hunt Electric Corporation, a Minnesota corporation, doing business as
Baer Manufacturing 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;
and
WHEREAS, the City Council finds that it is in the best interest of the public to nominate
Hunt Electric Corporation, a Minnesota corporation, doing business as Baer Manufacturing as an
enterprise project pursuant to the Act;
NOW THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF GEORGETOWN, TEXAS:
Section 1. The meeting at which this resolution was approved was conducted in
compliance with the Texas Open Meetings Act, Texas Government Code, Chapter 551.
Section 2. The facts and recitations contained in the preamble of this resolution are hereby
found and declared to be true and correct and are incorporated by reference herein and expressly
made a part hereof, as if copied verbatim.
Section 3: Hunt Electric Corporation, a Minnesota corporation, doing business as Baer
Manufacturing 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 4: The enterprise project shall take effect on the date of designation of the
enterprise project by the agency and terminate five (5) years after the designation.
Section 5: All resolutions that conflict with the provisions of this resolution are hereby
repealed, and all other resolutions of the City not in conflict with the provisions of this resolution
shall remain in full force and effect.
Section 6: If any provision of this resolution, or application thereof, to any person or
circumstance, shall be held invalid, such invalidity shall not affect the other provisions, or
application thereof, of this resolution, which can be given effect without the invalid provision or
application, and to this end the provisions of this resolution are hereby declared to be severable.
Section 7: The Mayor is hereby authorized to sign this resolution and the City Secretary to
attest. This resolution shall become effective and be in full force and effect immediately in
accordance with the provisions of the City Charter of the City of Georgetown.
Resolution Number: Page 2 of 3
Subject:
Date Approved:
PASSED AND APPROVED on the =of , 2025.
ATTEST:
obyn nsmore, City Secretary
APPROVED AS TO FORM:
kye Masson, City Attorney
Resolution Number:
Subject:
Date Approved:
THE C
GEORGETOWN:
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