HomeMy WebLinkAboutR85-867RESOLUTION NO. R85-867
OF THE CITY COUNCIL OF THE CITY OF PLAINVIEW, TEXAS, AUTHORIZING
THE FILING OF A COMMUNITY 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 PARTICIPA-
TION IN THE TCDP PROGRAM.
WHEREAS, the City has identified a need related to the creation of employ-
ment opportunities principally for persons of low-to-moderate income; and,
WHEREAS, the provision of incentive project financing and other related
inducements are necessary to facilitate the development by Wal-Mart, Inc.
of an approximate 700,000 square foot warehouse and regional distribution
facility which will result in the creation of 400 new permanent employment
positions in Plainview, and will assist in meeting the above mentioned need
for same; and,
WHEREAS, it is necessary and in the best public interest that the City
avail itself of assistance under the Texas Community Development Program;
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
PLAINVIEW, TEXAS:
e
THAT the City submit an application for a Texas Community Development
Program grant under the terms and conditions of the State of Texas
and agree and understand the assurances contained in said application.
THAT the City endorses the activities mentioned above and more fully
described in the City's application.
3. THAT the City commit $20,900 in local funds to be used in connection
with the project for administrative costs.
THAT the Council direct and designate 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 Community Development Program.
PASSED AND APPROVED THIS 9th DAY OF
, 1985.
ATTEST:
E.V. RIDLEHUBER, Mayor