HomeMy WebLinkAbout0112_01109//
Section3. The City Council of the City of Georgetown, Texas hereby finds,
determines, recites and declares that the Project (1) meets the statutory
requirements and is in furtherance of the public purposes of the Act, (2)
is in compliance with the Regulations, and (3) does not pose a danger to the
health, moral sor safety of the community involved.
Section 4. The City Council of the City of Georgetown, Texas hereby finds,
determines, recites and declares that the Project (1) is located within the
EBA, (2) will contribute significantly to the fulfillment of the overall redevelop-
ment objectives of the Unit for the EBA, (3) conforms to any and all limitations
prescribed by the EBA REsolution and (4) will contribute to the economic growth
and stability of the Unit by removing a blighted condition, increasing or
stabilizing employment opportunity, significantly increasing or stabilizing the
-
property tax base, promoting commerce within the Unit and the State of Texas and
not causing economic decline or blight in another area of the Unit.
Section 5. The approval herein givin is in accordance with the provisions of
Section 25 (f) of the Act and Section 103 (k) of teh Code and is not to be construed
as any undertaking or pledge of the Unit or the State of Texas, within the meaning
of any constitutional or statutory provision, and the owners of the Bonds shall
never be paid in whole or in part out of any funds raised or to be raised by taxation
or any other revenues of the Issuer, the Unit or the State of Texas except those
revenues assigned and pledged by the Resolution.
Section 6. The programs and expenditures authorized and contemplated by
the aforesaid documents are hereby in all respects approved.
Section 7. The Mayor and City Secretary of the Unit and the other
officials of the Unit are hereby authorized, jointly and severally, to
execute and deliver such endorsements, instruments, certificates, documents,
or papers necessary and advisable to carry out the intent and purposes of this
Resolution.
TRANSCRIPT OF RECORD
OF PUBLIC HEARING
On Monday, December 3, 1984 at 10:00 a.m. at 1107 Main Street, Georgetown,
Texas, the Georgetown Industrial Development Corporation (the "Issuer") convened
a public hearing held pursuant to public notice published at least 14 days
prior to such hearing concerning the proposed issuance by the Issuer of its
$400,000 Industrial Development Revenue Bonds'(Texas Benchamrk Inns Project),
Series 1984 to provide financing for the completion of the a;cquisition, con-
struction and equipping of a one hundred room mote facility for Texas Bencharmk
Inns, a Texas joint venture. This project is to be located on a site approximately'
2.23 acres at the west frontage road of IH 35 South near the Andice exit.
President W. H. Connor attended the hearing on behalf of the Issuer.
President Connor convened the hearing at 10:00 a.m. and no person appeared to
express their views.. The public hearing was concluded at 10:05 a.m.
IN WITNESS WHEREOF, the undersigned hereby certifies the truth and
accuracy of the foregoing transcript of record of the public hearing.
W. H. CONNOR, President
DATE:
S�