HomeMy WebLinkAbout3-9-2000-14.04B - Resolution - 03/09/2000RESOLUTION NO. 3-9-2000-14.04B
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF COLLEGE STATION,
TEXAS, PROVIDING A GRANT TO THE BRYAN/COLLEGE STATION ECONOMIC
DEVELOPMENT CORPORATION FOR A CASH PAYMENT TO RECHARGABLE
BATTERY CORPORATION AS AN ECONOMIC DEVELOPMENT INCENTIVE.
WHEREAS, the City Council has developed an economic incentive program for the express
purpose of attracting new business and expansion of business and industry to the community;
WHEREAS, the City Council is authorized by Section 380, TEX^S LOCAL GOVT. CODE, to
provide for grants of public money to promote local economic development and to stimulate
business in the City of College Station; and
WHEREAS, the City Council is actively seeking economic development prospects and new jobs
in College Station; now, therefore,
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF COLLEGE STATION,
TEXAS:
PART 1:
That the City Council hereby authorizes the grant of funds in an
amount not to exceed $16,344.51, to BRYAN/COLLEGE STATION
ECONOMIC DEVELOPMENT CORPORATION for the purpose of
providing an incentive to RECHARGABLE BATTERY
CORPORATION to locate its business in College Station.
PART 2:
That the City Council is making this grant in light of
RECHARGABLE BATTERY CORPORATION's commitment to
provide gross payroll, jobs and capital investment as provided in an
economic development agreement dated March __, 2000.
PART 3: That the City Council is hereby establishing this program or process or
grant of funds to promote the City of College Station economy.
PART 4: That this resolution shall take effect immediately from and after its
passage.
ADOPTED by the City Council of the City of College Station, Texas, this
March, A.D. 2000.
9th
day of
ATTEST:
CONniE HOOKS, City Secretary
APPROVED:
City Attorney
APPROVED:
LYNNtSMclLHANEY, Mayor /