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01-26-23-7.13 - Resolution - 01/26/2023RESOLUTION NO. 1-26-23-7.13 NOMINATING FUJIFILM DIOSYNTH BIOTECHNOLOGIES TEXAS, LLC FOR TEXAS ENTERPRISE ZONE PROGRAM STATUS THROUGH THE OFFICE OF THE GOVERNOR, ECONOMIC DEVELOPMENT BANK; RESOLVING THAT FUJIFILM DIOSYNTH BIOTECHNOLOGIES TEXAS, LLC IS A ‘QUALIFIED BUSINESS’ AS DEFINED IN SECTION 2303.402 OF THE ACT AND MEETS THE CRITERIA FOR DESIGNATION AS A DOUBLE JUMBO ENTERPRISE PROJECT, AS SET FORTH IN SECTION 2303, SUBCHAPTER F OF THE ACT; AND FURTHER ESTABLISHING THAT THE ENTERPRISE PROJECT SHALL TAKE EFFECT ON THE DATE OF DESIGNATION OF THE ENTERPRISE PROJECT BY THE OFFICE OF THE GOVERNOR (AGENCY) AND TERMINATE ON THE DATE ESTABLISHED BY THE AGENCY. WHEREAS, the City of College Station has previously passed on February 26, 2009 Ordinance No. 2009-3168 electing to participate in the Texas Enterprise Zone Program, and the local incentives offered under this resolution are the same now as were stated in Ordinance No. 2009- 3168; and WHEREAS, the Office of the Governor Economic Development and Tourism through the Economic Development Bank will consider FUJIFILM DIOSYNTH BIOTECHNOLOGIES TEXAS, LLC as an enterprise project pursuant to a nomination and an application made by the City of College Station; 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 of College Station and to provide employment to residents of enterprise zones and to other economically disadvantaged individuals; and WHEREAS, pursuant to Government Code Chapter 2303, Subchapter F of the Texas Enterprise Zone Act, (Act), FUJIFILM DIOSYNTH BIOTECHNOLOGIES TEXAS, LLC has applied to the City of College Station for designation as a Double Jumbo enterprise project , requiring two of the City’s six allowed designations; and BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF COLLEGE STATION, TEXAS: PART 1: That City of College Station finds that FUJIFILM DIOSYNTH BIOTECHNOLOGIES TEXAS, LLC 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 since it will be engaged in the active conduct of a trade or business at a qualified business site within the City of College Station’s jurisdiction located outside of an enterprise zone and at least thirty-five percent (35.0%) of its new employees will be residents of an enterprise zone, economically disadvantaged individuals, or veterans. Resolution No. 1-26-23-7.13 Fujifilm Diosynth Biotechnologies Page 2 of 2 PART 2: The City of College Station finds that FUJIFILM DIOSYNTH BIOTECHNOLOGIES TEXAS, LLC meets the criteria for tax relief and other incentives adopted by the City of College Station and nominates FUJIFILM DIOSYNTH BIOTECHNOLOGIES TEXAS, LLC for an 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. PART 3: The City of College Station finds that it is in the best interest of the City to nominate FUJIFILM DIOSYNTH BIOTECHNOLOGIES TEXAS, LLC as a Double Jumbo enterprise project and that the designation will count as two of the City’s six allowed designations pursuant to the Act. PART 4: The Enterprise Project shall take effect on the date of designation of the enterprise project by the Agency or by December 1, 2022 and terminate on the date established by the Agency or by December 1, 2027. ADOPTED this 26th day of January, 2023 ATTEST: APPROVED: City Secretary Mayor APPROVED: City Attorney