HomeMy WebLinkAbout7-9-98-6-e - Resolution - 07/09/1998q so[ution
RESOLUTION NO. 7-9-98-6-e
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF COLLEGE
STATION, TEXAS, PROVIDING A GRANT TO THE ECONOMIC
DEVELOPMENT CORPORATION FOR PAYMENT OF BUILDING AND
TAP FEES FOR VIP COMMUNICATIONS d/b/a/ CABLETIME 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 COUNCEL OF THE CITY OF COLLEGE
STATION, TEXAS:
PART 1: That the City Council hereby authorizes the grant of funds in the
amount of $10,200.00, to the Economic Development Corporation for the
payment of building and tap fees for VPI COMMUNICATIONS, INC. d/b/a
CABLETIME.
PART 3: That the City Council is making this grant in light of CABLETIME'S
commitment to provide gross payroll and jobs as provided in an economic
development agreement dated 23 October 1997.
PART 4: 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 at
the Business Center.
PART 5: 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 9th
day of July , A.D. 1998.
ATTEST:
CONN1F., HOOKS, City Secretary
APPROVED
LYNI~ McILHfi2qEY, May/fir