Loading...
24-R-85 Economic Development Agreement Las PalapasRESOLUTION NO.24-R-85 A RESOLUTION BY THE CITY COUNCIL OF THE CITY OF SCHERTZ, TEXAS AUTHORIZING AN EXPENDITURE AS REFLECTED IN AN ECONOMIC DEVELOPMENT INCENTIVE AGREEMENT BETWEEN THE CITY OF SCHERTZ ECONOMIC DEVELOPMENT CORPORATION AND LAS PALAPAS SCHERTZ AND OTHER MATTERS IN CONNECTION THEREWITH WHEREAS, the City of Schertz Economic Development Corporation ("SEDC") is a non- profit industrial development corporation duly established under the Development Corporation Act of 1979, as amended (Section 501.001 et seq. Texas Local Government Code, formerly the Development Corporation Act of 1979) (the "Act"); WHEREAS, all of the powers of the corporation are vested in the SEDC Board of Directors (the "Board") appointed by the governing body of the corporation's authorizing unit; and WHEREAS, the Act authorizes a development corporation to fund certain projects as defined by the Act and request development corporations enter into incentive agreements to establish and provide for the direct incentive or make an expenditure on behalf of a business enterprise under a project; and WHEREAS, Section 501.103 authorizes expenditures for certain infrastructure improvement projects that are found by the Board of Directors to be required suitable for infrastructure necessary to promote of develop new or expanded business enterprises; and WHEREAS, Company desires to develop a 5,900 square foot restaurant located in Schertz, Texas 78154, on the property more particularly described as 16842 IH 35 North; and WHEREAS, Company desires to construct and extend water infrastructure approximately, 712 feet, and additional public infrastructure to include sewer, drainage as well as associated roadway connection and driveway approach upgrades in Schertz, Texas; and WHEREAS, The SEDC held a public hearing at its July 25, 2024 meeting and the Board approved SEDC Resolution 2024-9 authorizing an Economic Development Incentive Agreement between the City of Schertz Economic Development Corporation and Las Palapas Schertz; and NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SCHERTZ, TEXAS THAT: Section 1. The City of Schertz City Council hereby authorizes the expenditure reflected in the Economic Development Incentive Agreement attached hereto as ATTACHMENT A. -1- Section 2. 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 Board. Section 3. All 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 4. This Resolution shall be construed and enforced in accordance with the laws of the State of Texas and the United States of America. Section 5. 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 board hereby declares that this Resolution would have been enacted without such invalid provision. Section 6. 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, Texas Government Code, as amended. Section 7. This Resolution shall be in force and effect from and after its final passage, and it is so resolved. PASSED AND ADOPTED, this day of , 2024. ATTES Shei a Edmonds n, City Secretary CITY OF SC ERTZ Rah u ierr , Mayor IN