Consider and take action on Resolution No. 20-043, affirming support of Marathon Petroleum Company LP, concurrent Texas Enterprise Zone Project Application to the State of Texas. 

BACKGROUND AND FINDINGS:
The City has done a number of Enterprise Zone application approvals in the past.  Mostly for Valero.  The city is allowed to nominate up to 6 (called credits) application every two years.  This is the second of two Marathon is applying for on this agenda.  And Valero was granted on earlier this year.  The information in the previous agenda item above is mostly the same for this one.  This project is geared toward the investing in excess of $500 million at Marathon's Galveston Bay Refinery on a distillate hydrotreater project, which will upgrade sour distillate to ultra-low sulfur diesel (ULSD).  As with the previous agenda item, while it is up to $2,500 per employee (roughly 1,500+ employees) on savings on the sales tax, it does not impact or affect the city's portion of the sales tax.  Should the previous application and this application be approved, it will still allow for 3 credits for future nominations through November of 2021.  There are no foreseeable projects, so the three credits should be sufficient.  Typically, we do not do more than one credit in a biennium period that we are allowed to use the 6 credits.  See the attachment for the more detailed information on the description of the Enterprise Fund authority, types of credits, funding, etc.