Title
Consider/Discuss/Act on a Resolution Nominating Columbia Medical Center of McKinney Subsidiary, L.P. to the Office of the Governor, Economic Development and Tourism and the Economic Development Bank for Designation as a Qualified Business and Enterprise Project Under the Texas Enterprise Zone Program Under the Texas Enterprise Zone Act, Chapter 2303, Texas Government Code
Summary
COUNCIL GOAL: Direction for Strategic and Economic Growth
MEETING DATE: February 18, 2020
DEPARTMENT: City Manager's Office
City Attorney
CONTACT: Barry Shelton, Assistant City Manager
Mark S. Houser, City Attorney
RECOMMENDED CITY COUNCIL ACTION:
* Approve Resolution.
ITEM SUMMARY:
* The City has been approached by Columbia Medical Center of McKinney Subsidiary, L.P., commonly known as Medical Center McKinney, requesting nomination as an Enterprise Project under the Texas Enterprise Zone Program ("Program") in order to utilize additional incentives available through the State of Texas.
* The City held a public hearing on November 29, 2017, in conjunction with the adoption of Ordinance 2017-11-101 reaffirming the City's continued participation in the Program pursuant to the Texas Enterprise Zone Act, Chapter 2303, Texas Government Code, ("Act"), and identifies the local business and tax incentives that may be available, at the election of the City Council, to any nominated "Project" or "Activity," as those terms are defined by the Act.
* The proposed resolution nominates Medical Center McKinney for Enterprise Project status.
* The proposed resolution confirms that the incentives identified in the proposed resolution considered by the City Council on this date are the same incentives that will or may be made available to Medical Center McKinney as a nominated Project pursuant to the Act.
* The proposed resolution also confirms Medical Center McKinney is a "qualified business", as defined in Section 2303.402 of the Act, and meets the criteria for designation as ...
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