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HomeMy WebLinkAbout02-24-11-2f - Resolution - 02/24/2011RESOLUTION NO.0Z"ZH-11- 2f A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF COLLEGE STATION, TEXAS, ADOPTING AN ECONOMIC DEVELOPMENT PROGRAM FOR GEG PRODUCTIONS, LLC., RELATING TO THE DUCK JAM EVENT PURSUANT TO CHAPTER 380 TEXAS LOCAL GOVERNMENT CODE AND CONTAINING OTHER PROVISIONS RELATING TO THE SUBJECT. WHEREAS, the City Council desires to promote state and local economic development and to stimulate business and commercial activity within its boundaries and surrounding areas; and WHEREAS, the City Council is authorized by Section 380, Texas Local Government Code, to make loans and/or grants of public money and/or to provide personnel and/or services to achieve the foregoing; and WHEREAS, the City Council now desires to adopt an economic development program to create incentives for GEG Productions, LLC, to hold an event called Duck Jam; now, therefore, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF COLLEGE STATION, TEXAS: PART 1: That the facts and recitations set forth in the preamble of this resolution are hereby declared true and correct. PART 2: That the City Council hereby adopts an economic development program for GEG Productions, LLC., to hold an event called Duck Jam as set forth in an agreement which is attached hereto as Exhibit "A" and incorporated herein by reference. PART 3: 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 2U 47" day of [ , 2011. ATTEST: APPROVED: cy 0City Secretary Mayor E ~ APPRO City A orney