Title
Consider/Discuss/Act on a Resolution Approving Encore Wire Corporation for Enterprise Project Status
Summary
COUNCIL GOAL: Direction for Strategic and Economic Growth
MEETING DATE: May 17, 2016
DEPARTMENT: City Manager
CONTACT: Tom Muehlenbeck, Interim City Manager
RECOMMENDED CITY COUNCIL ACTION:
• Approve the nomination of Encore Wire Corporation for Enterprise Project status and make the local incentives identified and summarized in the Resolution available to Encore Wire Corporation.
ITEM SUMMARY:
- This Resolution nominates Encore Wire Corporation for Enterprise Project status.
- This Resolution authorizes the Interim City Manager or his designee as the City’s liaison to communicate and negotiate with the OOGEDT in all manners as set forth in the Resolution.
BACKGROUND INFORMATION:
• On May 18, 2010, the City passed Ordinance No. 2010-05-014 electing to participate in the Texas Enterprise Zone Program (“Program”) as authorized by the Texas Enterprise Zone Act (“Act”).
• On January 19, 2016, the City subsequently passed Ordinance No. 2016-01-006 amending the Program.
• Encore Wire Corporation meets all criteria required for Enterprise Project status.
FINANCIAL SUMMARY: N/A
BOARD OR COMMISSION RECOMMENDATION: N/A