HomeMy WebLinkAboutRES 900320 - Water Main & Sewer ExtRESOLUTION
A RESOLUTION OF THE COY COUNCIL OF THE CITY OF GEORGETOWN, TEXAS
PERTAINING TO THE CITYS PARTICIPATION IN A TEXAS CAPITAL FUND
ECONOMIC DEVELOPMENT PROJECT FUNDED UNDER THE TEXAS COMMUNITY
DEVELOPMENT PROGRAM OF THE TEXAS DEP.ARTMENf OF COMMERCE
WHEREAS the City of Georgetown, Texas has been awarded a Texas Capital Fund grant it the
amount of $411845 whose purpose is to facilitate construction of Water Main and Sanitary
Sewer Main extensions within the City necessary to directly serve the immediate pressingwaier
and sewer service needs of Advance Custom Molders, Inc,, and,
WHEREAS, the Ctyof Georgetown, Texas has previously committed local funds for its share
of the project costs in the amount of $708,800, and
WHEREAS, in order to fulfill special conditions imposed by the Texas Department of
Commerce and allow the project to proceed without delay it has become necessary that the City
increase the amount of local funds previously committed to the project o 5872;993.
NOW THEREFORE, BE IT RESOLVEDBYTHE CITY COUNCIL OF THE CITY OF
GEORGETOWN, TEXAS THAT
The City of Georgetown, Texas hereby authorizes that additional local Inds in the amount of
$164,193 be committed to the above described project from the City's cash operating reserves
bringing the total Iocalshare inthis project to $872,,993;
Passed and Approved this 26th day of June, 1990.
(seal)
W. 9. Connor; Mayor
ATTEST
t �t
Elizabeth Gray, City Secre
APPROVED AS TO FORM Gyp ,-
Marianne Landers Banks, City Attorney