HomeMy WebLinkAboutR18-426RESOLUTION No. R18-426
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PLAINVIEW,
TEXAS, AUTHORIZING THE SUBMISSION OF AN APPLICATION FOR
FUNDING THROUGH THE TEXAS DEPARTMENT OF AGRICULTURE,
TEXAS CAPITAL FUND
NOW THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
PLAINVIEW, TEXAS, THAT:
SECTION 1. The City Council has reviewed and hereby approves submitting an
application to the Texas Department of Agriculture, Texas Capital Fund for:
Grant Funds to support a Small and Microenterprise Fund in conjunction
with Caprock Business Finance Corporation - $100,000
SECTION 2. In the event the City is granted a block grant for establishment of a Small
and Microenterprise Fund, the City of Plainview agrees to commit up to $10,000 as a
cash and/or in-kind contribution toward the administration activities of this economic
development project.
SECTION 3. The City Council directs and designates the City Manager as the City's
Chief Executive Officer and Authorized Representative to act in all matters in connection
with this application and the City's participation in the Small and Microenterprise Fund.
SECTION 4. The City Manager of the City of Plainview is authorized and directed to
execute on behalf of the City of Plainview the Agreement for Services of Nonprofit
Development Organization (hereafter, "Agreement") is entered by and between the City
of Plainview, Texas and Caprock Business Finance Corporation, which is attached
hereto and incorporated herein as though set forth fully herein.
PASSED AND ADOPTED by the City Council of the City of Plainview this 23rd day of
October, 2018.
Wendelf Dunlap, Mayor
ATTEST:
&ILL
Belinda Hinojosa, City retary
165