(A) The City hereby nominates a certain area as an enterprise zone in accordance with the Texas Enterprise Zone Act, Art. 5190.7, V.T.C.A., to be designated as Burkburnett Enterprise Zone, this area generally includes:
The territory beginning at the intersection of Interstate Highway 44 and the city limits, then following the eastern city limit boundaries to its intersection with Sycamore Drive, then along Sycamore Drive westward to its intersection with Sheppard Road and Interstate Highway 44, then south along Interstate Highway 44 to the southern city limit boundary, then along the southern city limit boundary to its intersection with FM 369, then north along FM 369 to Kramer Road, then east on Kramer Road to the eastern property line of J. Wayne Carter Property (5M10-002), then south along the eastern property line along the J. Wayne Carter Property to the southern city limit boundary, then east along the southern city limit boundary to Cropper Road, then north along Cropper Road to Burkburnett Industrial Foundation Property fine (5M08-002), then following the southern and western Burkburnett Industrial Foundation property lines to Preston Road, then west along Preston Road to its intersection with the south alley/drainage easement along Janlee Drive, then northeasterly and northerly along the south alley/drainage easement along Janlee Drive to the northern boundary of the Ameron Property (5M18-008), then west along the northern boundary line along the Ameron Property to its intersection with Ameron Road and the MKT Railroad, then south along the MKT Railroad to its intersection with Cropper Road, then south along the MKT Railroad to Daniels Road, then east on Daniels Road to Interstate Highway 44, then north on Interstate Highway 44 to Brenda Street, then west on Brenda Street to Berry Street, then north along Berry Street to Park Street, then west along Park Street to Avenue D, then north along Avenue D to College Street, then west on College Street to the MKT Railroad, then north-northwesterly along the MKT Railroad to Gresham Road, then west along Gresham Road to the western boundary of Superior Pallet Company property (5NO2-256-03), then north along the Superior Pallet Company western property line to the northern property line, then north along the northern property line of Superior Pallet Company to the MKT Railroad, then south along the MKT Railroad, to the northern city limit boundary, then easterly along the northern city limit boundary to the point of beginning.
(B) The City Council finds that the proposed enterprise zone meets the qualifications of an enterprise zone of the Texas Enterprise Zone Act.
(C) The City Council will provide certain tax incentives applicable to business enterprises in the zones which are not applicable throughout the city as follows:
(1) The city may at its election, refund to any qualified business located in the enterprise zone the amount of tax paid under the Municipal Sales and Use Tax Act (Ch. 321, Tax Code, V.T.C.A.) by the business and remitted to the Comptroller of Public Accounts up to the maximum extent authorized by § 321.508, Tax Code, V.T.C.A., and for a period determined by the city but which shall not exceed 5 years.
(2) The city may abate ad valorem taxes up to a maximum of 100% of the real property and eligible personal property improvements as allowed under Property Redevelopment and Tax Abatement Act as amended (Chapter 312, Tax Code, V.T.C.A.) for a period to not to exceed 10 years. All tax abatement incentives shall be in accordance with the city's policies on tax abatement and determined on a case-by-case basis.
(3) The city will provide technical assistance in the preparation and submission of any grant and loan applications on behalf of qualified business desiring financial assistance (i.e., Texas Capital Fund Loan Program, Texas Capital Fund Real Estate Development Program, Governor's Special Assistance Fund for Small and Minority Business, FMHA Business and Industrial Loan Program, SBA 7(a) and 504 Loan Program, National Rural Loan Program, and the like).
(4) The city will assist the qualified business in applying for job training funds for any new and permanent jobs through the Jobs Partnership Training Act and the Work Force Development Incentive Programs.
(D) The proposed area nominated in this section is designated as an enterprise and reinvestment zone, subject to the approval of the Texas Department of Commerce.
(E) The City Council directs and designates that the Mayor as the City's authorized representative to act in all matters pertaining to the nomination and designation of the area described herein as an enterprise and reinvestment zone.
(F) The City Council further directs and designates the City Manager, as liaison for communication with the Texas Department of Commerce to oversee zone activities and communications with qualified businesses.
(Ord. 499, passed 10-29-92)