HomeMy WebLinkAboutR99-104TCF — Main Street
RESOLUTION NO. R99-104
A Resolution of the City of Plainview, Texas
approving an application for funding through the
Texas Department of Economic Development
Main Street Program.
SECTION I
The City Council has reviewed and hereby approves an application for Main Street
Improvements in the amount of $200,000.
SECTION II
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 III
The Mayor is hereby authorized and directed to act on the City's behalf in all matters pertaining
to this application.
SECTION IV
The City Council has reviewed and hereby agrees not to participate in program income recapture
and will return all program income 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 August 19, 1999 by the following vote:
AYES: C,
NAPES: / ABSENT:
Ross O. Owen, Mayor Pro -Tem
ATTEST: %Yje, It
Karen McBeth, City Secretary
Resolution R99-104
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