04-10-97-7-d - Resolution - 04/10/1997(I so[ution
RESOLUTION NO. 4 - 10 - 9 7 - 7 - d
A RESOLUTION AUTHORIZING THE CITY MANAGER AND ECONOMIC
DEVELOPMENT OFFICE TO NEGOTIATE AN ECONOMIC DEVELOPMENT
PACKAGE WITH UNIVERSAL COMPUTER SYSTEMS, INC., AND FINDING THAT
THE APPLICANT IS A QUALIFIED APPLICANT UNDER THE CITY'S ECONOMIC
DEVELOPMENT POLICY.
WHEREAS, Universal Computer Systems, Inc., is interested in expanding its business into
College Station; and
WHEREAS, Universal Computer Systems, Inc., has applied to the City for economic
development incentives in order to locate its expansion in College Station; and
WHEREAS the City is authorized pursuant to state law to establish and provide for the
administration of economic development programs and abate taxes; and
WHEREAS, Universal Computer Systems, Inc., is a qualified economic development pros-
pect under the City's economic development policy;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
COLLEGE STATION that the City Manager and Economic Development Office are
hereby authorized to negotiate the terms of an economic development incentive package
and incorporate the terms into an economic development agreement subject to Council
approval, to establish a municipal reinvestment zone, and to draft a tax abatement agree-
ment with Universal Computer Systems, Inc.
PASSED and APPROVED this the 10 th day of April, 1997.
APPROVED:
ATTEST:
CONNIE HOOKS, City Secretary
7
EYNN/MciLHANEY, Mayor~