HomeMy WebLinkAboutAgenda CC 11.14.2006Council meeting date: November 14, 2006
AGENDA ITEM COVER SHEET
SUBJECT:
Item No.
X-1
Consideration and possible action to approve the Hope Lumber Company, LP Performance Agreement
ITEM SUMMARY:
At previous meetings, City Staff presented to City Council information regarding the Hope Lumber rail spur
expansion project. Hope Lumber invested approximately $600,000 in the project and added five new jobs as a result
of the project.
At its September 18, 2006 meeting, the Georgetown Economic Development Corporation considered whether to make
a grant of money to Hope Lumber to for a portion of the rail spur expansion costs associated with relocating electric
service lines. Then, at its October 10, 2006, meeting GEDCO approved a Resolution and Performance Agreement with
Hope Lumber whereby GEDCO will grant $18,410 to Hope Lumber under the terms of the Agreement.
Now, City Staff respectfully requests that City Council consider and approve the attached Performance agreement
between GEDCO and Hope Lumber.
ATTACHMENTS:
A. Performance Agreement
B. GEDCO Resolution
Submitted by:
Thomas, Economic Development Director