HomeMy WebLinkAboutRES 032426-5.C - Nominating Compal USA Technology for the Texas Enterprise Zone ProgramRESOLUTION NO. 2 5 C,
AN RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
GEORGETOWN, TEXAS, NOMINATING COMPAL USA
TECHNOLOGY INC., A TEXAS CORPORATION, FOR A 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 Compal USA Technology Inc.,
a Texas corporation, 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"), Compal Electronics, a Texas corporation, has applied to the
City for designation as an enterprise project; and
WHEREAS, the City finds that Compal USA Technology Inc., a Texas corporation meets
the criteria for designation as an enterprise project under Chapter 2303, Subchapter F of the Act
on the following grounds:
Compal USA Technology Inc., a Texas 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 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 Compal USA Technology Inc., a Texas corporation, 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 Compal USA Technology Inc., a Texas corporation, meets
the criteria for tax relief and other incentives adopted by the City and nominates Compal USA
Resolution No. 032k26 - S • L Page 1 of 3
Subject: Resolution Nominating Compal USA Technology for the Texas Enterprise Zone Program
Date Approved
Technology Inc. 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
Compal USA Technology Inc. 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: Compal USA Technology Inc., a Texas 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.
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:
Subject:
Date Approved:
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PASSED AND APPROVED on the Zy'*`of IWI41 , 2026.
ATTEST:
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Robyn Den ore, City Secretary
APPROVED AS TO FORM:
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Skye Masson, City Attorney
Resolution Number:
Subject:
Date Approved:
CITY OF GEORGETOWN:
i Schroeder, M�yor
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