R-01-09-13-15E1 - 9/13/2001 RESOLUTION NO. R-01-09-13-15E1
WHEREAS, DPT (US) , Inc . , ( "DPT" ) is the world, s leading service
provider in the Flat Panel Display market, and
WHEREAS,DPT is in need of expanding its facilities to accommodate
expected growth in its business, and
WHEREAS,DPT has expressed to the City of Round Rock ( "City" ) its
desire to maintain its strong competitive position in its business by
entering into a mutually beneficial economic development program with
the City, and
WHEREAS, §380 . 001 Local Government Code provides that a
municipality may establish an economic development program ( "Program" )
to promote local economic development and to stimulate business and
commercial activity in the municipality, and
WHEREAS, the City Council has determined that the Program
described in Exhibit "A" will meet the goals set forth in said §380 . 001
and will be of mutual benefit to both parties, NOW THEREFORE
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF ROUND ROCK,
TEXAS THAT
The City Council hereby offers to establish a §380 . 001 Program as
generally outlined in Exhibit "A" in exchange for DPT locating its
needed expansion facilities in the City.
The City Council hereby finds and declares that written notice of
the date, hour, place and subject of the meeting at which this
::ODMA\WORLDOX\O:\W DOX\RESOLUTI\R 10913E I.WPD/sls
Resolution was adopted was posted and that such meeting was open to the
public as required by law at all times during which this Resolution and
the subject matter hereof were discussed, considered and formally acted
upon, all as required by the Open Meetings Act, Chapter 551, Texas
Government Code, as amended.
RESOLVED this 13th day of September, 2001 .
4R T A. STLUKA, J&1, Mayor
ATTEST : City of Round Rock, Texas
ILIA I F X LMA-"'
J6&-NE LAND, City Secretary
ECONOMIC DEVELOPMENT PROGRAM
The terms of the§380.001 Program Agreement to be offered to DPT in exchange for DPT locating
its needed expansion facilities to the City of Round Rock are as generally outlined below.
1. DPT agrees to locate a service facility in the City from which DPT will provide additional
tax base for the City as well as employment opportunities for area residents.
2. In consideration of the foregoing, the City agrees to assist DPT in providing job training
to employees by making a Program Payment of$600.00 for each new employee over and
above the base number of employees.
3. The base number of employees will be no less than 200.
4. The term of the Program Agreement will be for five (5) years.
5. DPT agrees to submit to the City data in sufficient detail to determine the number of
employees employed by DPT for which it is entitled to a Program Payment.
6. In the event that DPT shall relocate or expand its business to another location outside of the
City so that the direct or indirect result is that Employees'jobs are eliminated, then DPT
agrees to refund the City a sum equal to $600.00 for each job eliminated.
EXHIBIT
"All
Tll
DATE: September 7, 2001
SUBJECT: City Council Meeting— September 13, 2001
ITEM: 15.E.1. Consider a resolution establishing an Economic Development Program
with DPT(US), Inc. The establishment of the Program is the first step in
approving and agreement with DPT, whereby it will locate its Flat Panel
Display service facility in the City.
Resource: Bob Bennett, City Manager
David Kautz, Finance Director
Nancy Yawn, Public Affairs, Business Development Director
History: Staff has been working with Display Products Technology Limited (DPT) since July
2001 regarding the locating of a new facility in Round Rock. DPT, based in
Scotland, also has operations in California, Texas, Taiwan and Ireland and is the
world's leading service provider in the Flat Panel Display market, in terms of both
revenue and volume. This company fits well with the City's business recruitment and
in helping diversify the employment base.
Funding: N/A
Cost: N/A
Source of funds: N/A
Outside Resources: N/A
Impact/Benefit: The location of this company in Round Rock will help to diversify our
employment base, property tax base and sales tax base. Initially, this facility will
employ approximately 190 employees who are trained with specialized skills.
This company and this industry are positioned for growth and will add new basic
jobs, property tax, and sales tax to the community as well as non-basic jobs.
Public Comment: N/A
Sponsor: N/A
EXECUTED
DOCUMENT
FOLLOWS
ORIGINAL`
ECONOMIC DEVELOPMENT PROGRAM
The terms of the§380.001 Program Agreement to be offered to DPT in exchange for DPT locating
its needed expansion facilities to the City of Round Rock are as generally outlined below.
1. DPT agrees to locate a service facility in the City from which DPT will provide additional
tax base for the City as well as employment opportunities for area residents.
2. In consideration of the foregoing, the City agrees to assist DPT in providing job training
to employees by making a Program Payment of$600.00 for each new employee over and
above the base number of employees.
3. The base number of employees will be no less than 200.
4. The term of the Program Agreement will be for five (5) years.
5. DPT agrees to submit to the City data in sufficient detail to determine the number of
employees employed by DPT for which it is entitled to a Program Payment.
6. In the event that DPT shall relocate or expand its business to another location outside of the
City so that the direct or indirect result is that Employees'jobs are eliminated, then DPT
agrees to refund the City a sum equal to $600.00 for each job eliminated.