HomeMy WebLinkAboutRES 961219-C - Agmt GISD Power Comp CorpRESOLUTION NO. q&e-
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
GEORGETOWN, TEXAS, TO NEGOTIATE A CONTRACT
WITH THE GEORGETOWN INDEPENDENT SCHOOL
DISTRICT; AND AUTHORIZING THE MAYOR TO ACT AS
THE CITY'S AUTHORIZED REPRESENTATIVE IN ALL
MATTERS PERTAINING TO THIS CONTRACT.
WHEREAS, the City of Georgetown has recruited Power Computing Corporation
to locate in Georgetown; and,
WHEREAS, the City has utilized a 413 Corporation as a part of its incentive package;
and,
WHEREAS, the City's intent in creating the 413 Corporation was to not adversely
impact the finances of the Georgetown Independent School District.
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 of the Century Plan - Policy Plan
Element:
1. Economic Development Policy End 1.0, which states: "Georgetown's
economy is self-sustaining though diversified growth, a broad tax
base with minimal impact from economic fluctuation, enhanced
business opportunity and job creation."
2. Government Affairs Policy End 6.0, which states: "A high level of
cooperation and involvement exists among Georgetown's citizens and
governmental organizations."
Resolution No. 906 a / —
Agreement with GISD re: Power Computing Corp.
Page 1 of 2 Pages
SECTION 2. The City Manager is hereby instructed to negotiate a contract with the
School Superintendent, acceptable to the Board of Trustees and the City Council relative
to provide for payments to the Georgetown Independent School District, in an amount
sufficient to cover any lost revenues due to the creation of the Georgetown 4B Corporation.
Further, said Agreement is to be presented to the City Council during a January, 1997, City
Council Meeting.
SECTION 3. The Mayor is hereby authorized to execute, and the City Secretary to
attest thereto this resolution.
SECTION 4. This resolution shall be effective immediately upon adoption.
RESOLVED this ZWk day of DCLem d -e-r , 1996.
Approved:
ZL
Leo Mod, Mayor
Approved as to form:
Marianne Landers Banks, City Attorney
Resolution No. ! & 1402./ ! `
Agreement with GISD re: Power Computing Corp.
Page 2 of 2 Pages
Attest: �%
'Zil �•t� �/.
Sandra Lee, City Secretary