Title
Consider/Discuss/Act on a Resolution Nominating Lite-On, Inc. 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 of the Texas Enterprise Zone Act, Chapter 2303, Texas Government Code
Summary
COUNCIL GOAL: Direction for Strategic and Economic Growth
(1C: Provide a strong city economy by facilitating a balance between industrial, commercial, residential and open space)
MEETING DATE: November 17, 2026
DEPARTMENT: City Manager’s Office
City Attorney
CONTACT: Jennifer Arnold, AICP, Assistant City Manager
Mark Houser, City Attorney
RECOMMENDED CITY COUNCIL ACTION:
Approve the resolution.
ITEM SUMMARY:
The City has been approached by Lite-On, Inc., requesting nomination as an Enterprise Project under the Texas Enterprise Zone Program (“TXEZ Program”) in order to utilize 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 TXEZ 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 Lite-On, Inc., a provider of opto-semiconductors, power supply management systems, and advanced electronic products, for triple jumbo Enterprise Project status.
The proposed resolution confirms that the incentives identified therein have been considered by the City Council on this date and are the same incentives that will or may be made available to Lite-On, Inc. as a nominated Project pursuant to the Act.
The proposed resolution also confirms Lite-On, Inc. is a "qualified business", as defi...
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