HomeMy WebLinkAboutRES 971125-CC - Amend Contract AluCutRESOLUTION NO.
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
GEORGETOWN, TEXAS, APPROVING A CHANGE TO THE CONTRACT
BY CONTRACT AMENDMENT BETWEEN THE CITY OF GEORGETOWN
AND THE TEXAS DEPARTMENT OF ECONOMIC DEVELOPMENT
REGARDING THE ALU -CUT INTERNATIONAL TEXAS CAPITAL FUND
CONTRACT; AUTHORIZING THE MAYOR TO ACT ON THE CITY'S
BEHALF WITH REGARD TO THE SUBMISSION OF THIS AMENDMENT
REQUEST; AND DECLARING AN EFFECTIVE DATE.
WHEREAS, the City Council has reviewed and approves the change in the project site for
Alu-Cut International from the original site identified in the Texas Capital Fund application to:
A 2.708 acre tract in the Clement Stubblefield Survey, Abstract Number 558, in Williamson
County, Texas.
WHEREAS, the City Council has reviewed and approves the change in the budget outlined
in the new Performance Statement, and
WHEREAS, the City Council has reviewed and approves the change requested in the Special
Conditions to allow the City to draw acquisition funds for reimbursement to the City prior to being
allowed to draw construction funds.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF GEORGETOWN, TEXAS, THAT:
SECTION 1. The facts and recitations contained in the preamble of this resolution are
hereby found and declared to be true and correct, and are incorporated by reference herein and
expressly made a part hereof, as if copied verbatim. The City Council hereby finds that this
resolution implements the following policy or policies of the Century Plan - Policy Plan Element:
Economic Development Policy End 1.0, which states: "Georgetown's
economy is self-sustaining through diversified growth, a broad tax base with
minimal impact from economic fluctuation, enhanced business opportunity
and job creation."
SECTION 2. The Mayor is authorized to execute the amendment and otherwise act on the
City's behalf in all matters pertaining to the submission of this amendment.
SECTION 3. The Mayor is hereby authorized to execute, and the City Secretary to attest
thereto this resolution on behalf of the City of Georgetown.
SECTION 4. This resolution shall be effective immediately upon adoption.
AluCut Amendment Resolution No.
Page 1 of 2 Pages
RESOLVED this3C /—day ofy�"�/ L/� , 1997, by the following vote:
AYES: % NAYS: 0
Approved: Attest:
% 4z&
Leo Wood Sandra D. Lee
Mayor City Secretary
AluCut Amendment Resolution No. q 71Aa5- e�
Page 2 of 2 Pages
ABSENT: 0
Approved as to form:
4 -
Marianne Landers Banks
City Attorney
EXHIBIT A
PERFORMANCE STATEMENT
City of Georgetown
Contractor shall carry out the following activities In the target area(s) identified on the map in its 1996
Economic Development application:
Project. Description
The purpose of this Economic Development project Is to provide real estate improvements In the form
of land acquisition and building construction In support of Alu-Cut International, Inc. (hereinafter referred to
the Company).
estate improvements
will
n its olons s the ly
of Georgetown. The Companysamanufacturer ofmachinery and quipment for the non-ferrous
Financial information
Contractor shall ensure a total of Five Hundred Thousand and No/100 Dollars ($500,000.00) is expended
to construct a ten thousand two hundred square foot (10,200 sq, ft) pre-engineered metal building comprised
of one thousand square feet (1,000 sq. ft.) of office space, and nine thousand two hundred square feet (9,200
sq, ft.) of manufacturing earefer referred to as the Company'sh an asphalt arking area on the project elle) as follows: estate identified In Special
Condition 8,9, (here
Contractor shall expend Ninty-three Thousand Forty-five and No/100 Dollars ($93,045,00) of
contract funds to acquire a 2.708 acre trk3ct in the Clement Stubblefield Survey, abstract number 558
in Williamson County, Texas, 78627, Identified in Special Condition 6.9, which will be used for the
project site.
Contractor shall ensure a total of Four Hundred Six Thousand Nine Hundred Fifty-five and No/ 100
Dollars ($406,955.00) of contract funds are expended for construction of the building to include dirt work,
asphalt paving, construction of the concrete slab, erection of the metal building, electrical wiring work,
overhead crane systems, plumbing, HVAC, site utilities, alarm system, and chain link fence.
Contractor shall ensure that the Company expends or finances Three Hundred Forty-eight Thousand
Four Hundred Eight -five and No/100 Dollars ($34$,485.00) for the purchase of machinery and equipment from
Rutland Tool & Supply Company, Inc.
Contractor shall ensure that the Company contributes One Hundred Twenty-five Thousand Six Hundred
Forty and No/100 Dollars ($125,640.00) of equity value In machinery and equipment (fixed assets) as match
to be located at the new project site.
Contractor shall ensure that the Company injects Five Thousand Eight Hundred Seventy-five and No/100
Dollars ($5,875.00) in cash for labor costs as match for working capital.
Contractor shall ensure that all acquisition of needed real property, easements and/or rights-of-way is
In compliance with the Uniformand HUD RelocAssistance and ation
regulateal ions (49 Property
� Acquisition Policies Act of 1970 (42
U.S.C, Sec. 4601 et.seq.) P
Contractor shall provide tec f ed n this EXHIBIT A and In EXHIBIT Bthat
of this contract.roject funds, both private and
s
contract, were expended as p
Page 1 of 2
Cxh:ib:7- 14
Engineering
Contractor shall ensure the Company expends Twenty Thousand and No/100 Dollars ($20,000.00) for
eligible project -related engineering services, including preliminary and final design plans and specifications,
Interim and final inspections.
Administration
Contractor shall expend Thirty-five Thousand and No/100 Dollars ($35,000.00) of contract funds to carry
out project administration activities, including the cost associated with the required program fiscal and compli-
ance audit,
Project Outcomes
As a result of this project, Contractor shall ensure that the Company creates twenty-two (22) jobs of
which fifty-one percent (51 %), or twelve (12), shall be held by low and moderate Income persons prior to the
expiration date of this contract. In the event more than twenty-two (22) permanent jobs are crenated,
Contractor shall ensure that at least fifty-one percent (51 %) of all jobs created, during the contract period, are
held by low and moderate Income persons.
Contractor shall also ensure that the Company pays a minimum of twelve (12) of the permanent positions
created a minimum weekly wage of Three Hundred Two and 94/100 Dollars ($302.94), which is 120% of the
County Average Salary.
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