HomeMy WebLinkAbout02-24-11-2g - Resolution - 02/24/2011RESOLUTION NO. 02-2q - I I -In
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A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF COLLEGE STATION,
TEXAS, ADOPTING AN ECONOMIC DEVELOPMENT PROGRAM FOR JUNCTION
FIVE-O-FIVE RELATING TO THE MAY DAY CHALLENGE EVENT PURSUANT TO
CHAPTER 380 TEXAS LOCAL GOVERNMENT CODE AND OTHER APPLICABLE LAW
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 applicable law including 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 through sponsorship and adoption of an economic
development program to create incentives for Junction Five-O-Five to hold an event called the
"The City of College Station presents the Junction 505 May Day Challenge"; 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 sponsors and adopts an economic
development program for Junction Five-0-Five to hold an event called
"The City of College Station presents the Junction 505 May Day
Challenge" 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 ZLFfi' day of
Eebruo r u .2011.
ATTEST:
za~
City Secretary
APPROVED:
- X ~e r, bL6;; ~
Mayor