3-11-99-8.4-2 - Resolution - 03/11/1999RESOLUTION NO. 3-11-99-8.4-2
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF COLLEGE STATION,
TEXAS, PROVIDING A GRANT TO THE ECONOMIC DEVELOPMENT CORPORATION
FOR PAYMENT OF PERMIT AND TAP/METER FEES FOR STATA CORPORATION AS
AN ECONOMIC DEVELOPMENT INCENTIVE.
WHEREAS, the City Council has developed the Business Center at College Station for the
express purpose of attracting new business and industry to the community;
WHEREAS, the City Council is authorized by Section 380, TEXAS 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 $15,000.00, to the STATA CORPORATION for
payment of the actual costs of permit fees and tap/meter fees for the
irrigation system for STATA CORPORATION.
PART 2:
That the City Council is making this grant in light of STATA
CORPORATION'S commitment to provide gross payroll and jobs as
provided in an economic development agreement and tax abatement
agreement dated March 29 ,1999.
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 and
economic at the Business Center.
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 11 th
March, A.D. 1999.
day of
TEsT:
CONNIE HOOKS, City Secretary
APPROVED:
HARVEY CARGILL, JR., City Attor~
APPROVED:
LYlqlN MclLHANEY, May, dr