HomeMy WebLinkAboutR06-158RESOLUTION NO. R06-158
A RESOLUTION APPROVING AN APPLICATION FOR FUNDING
THROUGH THE TEXAS DEPARTMENT OF AGRICULTURE,
TEXAS CAPITAL FUND
BE IT RESOLVED by the City Council of Plainview, Texas as follows:
SECTION 1.
The City Council has reviewed and hereby approves an application for:
The Scoular Company; County Road BB & US 70, Plainview,
Texas; for water improvements - $750,000 -Consisting of
the provision of two water lines to the business, which will provide
both potable and treated effluent water to the plant site for an
ethanol plant.
SECTION 2.
The City Council has reviewed and hereby agrees to comply with all assurances
executed in connection with the application and, if funded the award.
SECTION 3.
The Mayor is hereby authorized and directed to act on the City's behalf in all
matters pertaining to this application, and if approved the contract.
SECTION 4.
The City Council has reviewed and hereby agrees not to participate in program
income recapture for the Texas Capital Fund infrastructure grant program to
provide two water/treated effluent supply lines to the Scoular Company Ethanol
project and will return all program income (no program income is anticipated
since this is an infrastructure grant program) derived from the ethanol project
infrastructure grant 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.
PASSED AND ADOPTED at a regular meeting of the City Council of the City of
Plainview held on March 23. 2006 by the following vote:
Resolution R06-158 Page 1 of 2
AYES: 7 NAYS: ABSENT: 1
n C.
ATTEST:
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Belinda Hinojosa, City Secretary
Ander on, Mayor
Resolution R06-158 Page 2 of 2