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2003R07- ECONOMIC DEVELOPMENT CORPORATION FUNDS RESOLUTION NO. !J3 - If - 0 7 A RESOLUTION BY THE CITY COUNCIL OF THE CITY OF SCHERTZ, TEXAS SETTING A PUBLIC HEARING ON THE EXPENDITURE OF CERTAIN CITY OF SCHERTZ ECONOMIC DEVELOPMENT CORPORATION FUNDS RELATING TO A PROJECT; PROVIDING NOTICE OF THE SPECIFIC PROJECT TO BE CONSTRUCTED; APPROVING AND AUTHORIZING THE PUBLICATION OF A NOTICE RELATING TO THESE MATTERS; AND OTHER MATTERS IN CONNECTION THEREWITH WHEREAS, the City Council (the "Council') of the City of Schertz, Texas (the "City") hereby finds and determines, as recommended by the Board of Directors (the "Board') of the City of Schertz Economic Development Corporation (the "Corporation"), that sales tax proceeds should be used to pay the "Costs" associated with certain "Projects", as defined in the Development Corporation Act of 1979, as amended, Texas Revised Civil Statutes Annotated Article 5190.6 (the "Act"), including (i) the construction of an expanded parking lot for the City's public safety buildings complex, and (ii) the payment of professional fees relating thereto, which project will promote or develop new or expanded business enterprises in the City of Schertz, Texas; and WHEREAS, Section 4B(a-1) of the Act provides that, before the Corporation may undertake any project, the City or the Corporation must publish notice of the specific project or type of general project that the Corporation intends to undertake; and WHEREAS, prior to the expenditure of funds for such project, the Councilor the Board is required to hold a public hearing on such matter as required by the provisions of Section 4B(n) of the Act; now, therefore, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SCHERTZ, TEXAS THAT: SECTION 1. A public hearing on the expenditure of Corporation funds for the purposes of financing the "Costs" associated with certain "Projects", as defined in the Development Corporation Act of 1979, as amended, Texas Revised Civil Statutes Annotated Article 5190.6 (the "Ad'), including (i) the construction of an expanded parking lot for the City's public safety buildings complex, and (ii) the payment of professional fees relating thereto, which projects will promote or develop new or expanded business enterprises in the City of Schertz, Texas shall be and is hereby resolved to be held on the ~lLday of May, 2003, during a meeting of the Council to the held at 7:00 p.m. at the City Hall, 1400 Schertz Parkway, Schertz, Texas 78154 and the City Secretary and the Secretary of the Board of Directors of the Corporation are hereby authorized and directed to cause a notice of such public hearing, substantially in the form and content of Exhibit A hereto attached and incorporated herein by reference as a part of ~ resolution for all purposes (the "Notice"), to be published in one or more newspapers havi~. general circulation in the City of Schertz, Texas with the publication of such Notice to appear (If such newspaper at least 15 days prior to the date of this public hearing. The Notice and public hearing will satisfy the provisions of Section 4B( n) of the Act. ~--""'---'---~---'---'-"'>"'-'---''''''---'-''''-<-'......." ... ."-r.. _m"_ .~.~'~'_""_"_~~"~.'_"""_"'___'_'_'~"" -......-.-.-,-_.__..__..._..__,,____.~___m_." _.'. _~_ SECTION 2. The Notice and public hearing will also satisfy the requirements of Section 4B( a-I) of the Act by providing notice of the specific project or types of general projects that the Corporation intends to undertake. SECTION 3. The Council authorizes the President and Secretary of the Board to take any and all other actions necessary to comply with the provisions of the Act. SECTION 4. The recitals contained in the preamble hereof are hereby found to be true, and such recitals are hereby made a part of this Resolution for all purposes and are adopted as a part of the judgment and findings of the CounciL SECTION 5. All ordinances and resolutions, or parts thereof, which are in conflict or inconsistent with any provision of this Resolution are hereby repealed to the extent of such conflict, and the provisions of this Resolution shall be and remain controlling as to the matters resolved herein. SECTION 6. This Resolution shall be construed and enforced in accordance with the laws of the State of Texas and the United States of America. SECTION 7. If any provision of this Resolution or the application thereof to any person or circumstance shall be held to be invalid, the remainder of this Resolution and the application of such provision to other persons and circumstances shall nevertheless be valid, and the Council hereby declares that this Resolution would have been enacted without such invalid provision. SECTION 8. It is officially found, determined, and declared that the meeting at which this Resolution is adopted was open to the public and public notice of the time, place, and subject matter of the public business to be considered at such meeting, including this Resolution, was given, all as required by Chapter 551, as amended, Texas Government Code. SECTION 9. This Resolution shall be in force and effect from and after its final passage, and it is so resolved. [The remainder o/this page intentionally left blank.] . ..........-.... .........-.... '.T ....--.-..--.---................---.-...--.- .-....---...-.........-.____.__._____. PASSED AND ADOPTED, this 2.3~Jday of April, 2003. CITY OF SCHERTZ, TEXAS -re~, r;? Mayor ATTEST: ~uu ~L4-eJ City Secretary (CITY SEAL) EXHffiIT A NOTICE OF PROJECT, NOTICE OF PUBLIC HEARING, AND NOTICE OF EXPENDITURE OF CITY OF SCHERTZ ECONOMIC DEVELOPMENT CORPORATION FUNDS NOTICE IS HEREBY GIVEN that the City of Schertz Economic Development Corporation intends to participate in "Projects', as defined in the Development Corporation Act of 1979, as amended, Texas Revised Civil Statutes Annotated Article 5190.6, including (1) the construction of an expanded parking lot for the City's public safety buildings complex adjacent to the Schertz City Hall, 1400 Schertz Parkway, Schertz, Texas 78154, and (2) the payment of professional services relating thereto. It is estimated the total expenditure of Corporation funds for this project will be approximately $[110,000]. A public hearing on the expenditure of funds for this project will be held by the Schertz City Council-afttl1M gellf'8 \:IfDirectQfE Qfdu~ City ef S\...ll~dL.. .t!oonol1l~~ De.~lepH\eHt Ce~84..t:vu during a meeting to be held at 7:00 p.m.. on May 2g2003 at the Schertz City Hall, 1400 Schertz Parkway, Schertz, Texas 78154. I S re ary, Board of Directors Cit f Schertz Economic Development Corporation Isl Norma Althouse ~TU./ ~ City Secretary City of Schertz, Texas _._...._.._"'_~~.,___._..._....... .......~_a_^...__._"._. _....,."._.._..__.._..._ _" . __ ___._ .__..___..._" "" ',.____._,~__'"