HomeMy WebLinkAbout09-27-01-12.09a - Resolution - 09/27/2001RESOLUTION NO. 9-27-2001-12.09—a
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF COLLEGE STATION,
TEXAS, PROVIDING AN ECONOMIC DEVELOPMENT GRANT PURSUANT TO
CHAPTER 380 ET. SEQ. OF THE TEXAS LOCAL GOVERNMENT CODE TO UNIVERSAL
COMPUTER SYSTEMS, INC. (U.C.S.). A DELAWARE CORPORATION, FOR
IMPROVEMENTS AND DEVELOPMENT OF A BUSINESS FACILITY IN COLLEGE
STATION, TEXAS.
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 to attract and retain economic development
prospects and capital investment 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 to
UNIVERSAL COMPUTER SYSTEMS, INC. (U.C.S.) for the actual
cost to install a buffer wall along the Eastern property line of Lots 2-A
and 2-B, Block 1 Phase I of the Business Center at College Station in
an amount up to but not to exceed $215,000.00 for UNIVERSAL
COMPUTER SYSTEMS, INC.'s (U.C.S.) business facility project.
PART 2: That the City Council hereby authorizes the grant of funds to
UNIVERSAL COMPUTER SYSTEMS, INC. (U.C.S.) for the
development of a business facility at Lots 2-A and 2-B, Block 1 Phase
I of the Business Center at College Station in an amount not to exceed
$180,000; such payment to be made in three equal annual payments of
$60,000 per year;
PART 3: That the City Council is making this grant in light of UNIVERSAL
COMPUTER SYSTEMS, INC.'s (U.C.S.) commitment to provide
gross payrolls in the amount of $2,345,600 by 2002, $5,590,000 by
2003, and $9,232,000 by 2004 and capital investment in the amount of
$8,400,000 by 2002.
PART 4: That the City Council is hereby establishing this program or process
for grant of funds to promote the City of College Station economy and
economic development at the Business Center.
Resolution No, 9-27-2001-12.09—a Page 2
PART 5: That this resolution shall take effect immediately from and after its
passage.
PASSED AND APPROVED by the City Council of the City of College Station, Texas, this
27th day of September ,2001.
APPROVED:
L cILHANEY, Mayor
ATTEST:
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CONNIE HOOKS, City Secretary
APPROVED:
HARVEYARGII /, City Attorney