HomeMy WebLinkAbout3-9-2000-14.03D-2 - Resolution - 03/09/2000RESOLUTION NO. 3-9-2000-14.03D-2
A RESOLUTION OF THE CITY COUNCiL OF THE CITY OF COLLEGE STATION,
TEXAS, PROVIDING A GRANT TO THE BRYAN-COLLEGE STATION ECONOMIC
DEVELOPMENT CORPORATION FOR PAYMENT OF PERMIT AND TAP/METER FEES
FOR VIATEL DEVELOPMENT COMPANY 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 $42,500.00, to VIATEL DEVELOPMENT
COMPANY for payment of the actual costs of permit fees and
tap/meter fees for VIATEL DEVELOPMENT COMPANY.
PART 2:
That the City Council is making this grant in light of VIATEL
DEVELOPMENT COMPANY'S commitment to provide gross
payroll and jobs as provided in an economic development agreement
and tax abatement agreement dated March 13 ,2000.
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 development 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
March, A.D. 2000.
9th
day of
/~TEST: ~
CONNIE HOOKS, City Secretary
APPROVED:
L~qN'IqlclLHANEY, Mayor /
APPR~ED:
HARVEY CARGILL, JR., City Attorney