HomeMy WebLinkAboutR86-131092
RESOLUTION NO. R86-131
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PLAINVIEW,
TEXAS AUTHORIZING THE FILING OF AN ECONOMIC DEVELOPMENT
PROGRAM APPLICATION TO THE TEXAS DEPARTMENT OF COMMUNITY
AFFAIRS AND AUTHORIZING THE MAYOR TO ACT AS THE CITY'S CHIEF
EXECUTIVE OFFICER AND AUTHORIZED REPRESENTATIVE IN ALL
MATTERS PERTAINING TO THE CITY'S PARTICIPATION IN THE TEXAS
COMMUNITY DEVELOPMENT PROGRAM.
WHEREAS, the City has identified a need related to the
creation and retention of employment opportunities principally for
persons of low to moderate income; and
WHEREAS, the provisions of incentive project financing are
necessary to facilitate the development of the EMCO Manufacturing
Corporation Plant facilities in Plainview, Texas which will result in
the retention and creation of new permanent employment positions in
Plainview; and
WHEREAS, it is necessary and in the best public interest that
the City avail itself of assistance under the Texas Economic
Development Program.
NOW THEREFORE BE IT RESOLVED by the Mayor and the City
Council of Plainview, Texas;
Section 1: That the City submit an application for a Texas
Economic Development Program Grant in the amount of $500,000.00 under
the terms and conditions of the State of Texas and agree and
understand the assurance contained in said application.
Section 2: That the City endorses the activities mentioned
above more fully described in the City's application.
Section 3: That the City Council directs and designates the
Mayor 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 Texas Economic
Development Program.
PASSED .AND APPROVED this the 8th day of July, 1986.
E.V. RIDLEHUBER, Mayor
ATTEST:
~HERYL ~DWEN, Interim City Clerk