HomeMy WebLinkAboutRES 951114-M - Fund App Dept of Commercenq
RESOLUTION NO.
01 JjrMhl WO UM AR N V IN I
DATE.
WHEREAS, the City Council has reviewed and approves an application for Advanced Metal
Systems, Inc. in the following amounts:
Engineering $ 22,000
Construction $222,798
Administration $ 35000
Total $279,798
WHEREAS, the City Council has reviewed and agrees to comply with all assurances
executed in connection with the application and, if funded, the award.
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 a
hereby found and declared to be true and correct, and are incorporated by reference herein al
expressly made a part hereof, as if copied verbatim. The City Council hereby fmds that t
a
t
broad
resolution implements Economic Development Policy I of the Century Plan - Policy Plan Eleme
i
which states: "The City has a tax base with mimimal impact from economic fluctuatiI
through diversified growth and business opportumities to create Jobs.",- and further finds that t
adoption of this resolution is not inconsistent or in conflict with any other Century Plan Polici
as required by Section 2.03 of the Administrative Chapter of the Policy Plan.
SECTION 2. The City Manager is authorized to execute the application and otherwise act
on the City's behalf in all matters pertaining to the submission of this application.
SECTION 3. The City Council hereby agrees not to participate in program income recapture
and will return all program income to the State to be placed in a statewide Revolving Loan Fund to
be used by the State to fund future economic development awards. By agreeing to this measure, the
City understands that it will be eligible to receive as many Texas Capital Fund awards per program
year as it has eligible projects. This determination must be made at the time the original award is
Advanced Metal Systems Resolution No.
Page I of 2
made and cannot be changed with subsequent awards for this program year or retroactively in
subsequent program years.
SECTION 4. The Mayor is hereby authorized to execute, and the City Secretary to attest
this resolution on behalf of the City of Georgetown.
RESOLVED this day of Alo'
1995, by the following vote:
AYES: NAYS: ABSENT:—
PLO
"-kX-1ZA.
ATT ST:
Sandra D. Lee
City Secretary
APPROVED AS TO FORM:
vlf-
Marianne Landers Banks
City Attorney
Advanced Metal Systems Resolution No.
Page 2 of 2
THE CIT OF TOWN:
By:
Mayor )Pr� —jejy�