HomeMy WebLinkAboutRES 961015-I - Dev Prop Agmt Power CompRESOLUTION NO. 9/0 %0 15 +1
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
GEORGETOWN, TEXAS, ENCOURAGING THE DEVELOPMENT OF
POWER CENTER IN GEORGETOWN, TEXAS, AND DETERMINING
THAT A DEVELOPMENT AGREEMENT WITH POWER COMPUTING
CONSTITUTES AN ECONOMIC DEVELOPMENT PROGRAM FOR THE
CITY; AND ESTABLISHING AN EFFECTIVE DATE.
WHEREAS, Power Computing ("Power") has indicated its interest in developing its
manufacturing center, sales, center and administrative headquarters in Georgetown, Texas, ("Power
Center Project"); and
WHEREAS, the City Council recognizes the significance of the proposed Power Center
Project for the Georgetown Community; and
WHEREAS, the City Council has actively investigated the effects the proposed Power
Center Project will have for Georgetown through the study performed by Arthur Anderson and
Associates ("Economic Impact Analysis"); and
WHEREAS, the City Council determines that the development of the Power Center Project
would prove to be a community asset for the City of Georgetown;
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.
SECTION 2. The City Council hereby finds that this Resolution implements the following
policies of the Century Plan -- Policy Plan:
Economic Development Policy 1, which states: "The City will encourage diversified growth
and promote business opportunities to create jobs, broaden the tax base, and minimize the
impact of economic fluctuations;" and
Growth and Physical Development Policy 1, which states: "The City will ensure that future
land use patterns provide economic, cultural, and social activities to all residents, businesses
and organizations;" and
Power Center Resolution No. 1AP1015"1
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Growth and Physical Development Policy 4, which states: "The City will encourage new
development and infill redevelopment in the community."
The City Council further finds that the adoption of this resolution is not inconsistent or in conflict
with any other Century Plan Policies, as required by Section 2.03 of the Administrative Chapter of
the Policy Plan.
SECTION 3. The City Council hereby determines that the development of the Power
Center Project will stimulate economic development within the Georgetown area and in the State
of Texas. The City Council further determines that the development of the Power Center Project
is in the best interest of the City.
SECTION 4. The City Council hereby determines that the development of an Agreement
for the Power Center Project constitutes an Economic Development Program within the meaning
of Texas Local Government Code Sec. 380.001. The City Council hereby directs the City staff to
draft a development agreement in compliance with established City Council policies and state law,
and to bring this agreement to the City Council for review and possible approval on November 12,
1996.
SECTION 5. The City Council wants to welcome Power Computing to our community and
express our pleasure at being chosen as the site for the manufacturing and corporate headquarters
for Power Computing. Power Computing is strongly encouraged to proceed with the development
of the Power Center Project in Georgetown, and the City Council pledges its support in cooperating
with Power Computing and its representatives to satisfy the needs of both Power Computing and
the Georgetown Community to the mutual benefit of both parties.
SECTION 6. This resolution shall be effective immediately upon adoption.
RESOLVED this 15th day of October, 1996.
THE CITY OF GEORGETOWN, TEXAS Attest:
By: moa -ayer Fend, T, yj n Sandra D. Lee, City Secretary
yxayo Pro Terve
Approved as to form:
Marianne Landers Banks, City Attorney
Power Center Resolution No. 1710 /015" l
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