HomeMy WebLinkAboutCity Council Resolutions (R-14-3775)-09/02/2014 RESOLUTION R-14-3775
A RESOLUTION APPROVING COUNCIL ACTION
REGARDING EXECUTIVE SESSION ITEMS AT THE REGULAR
CITY COUNCIL MEETING OF
SEPTEMBER 2, 2014
WHEREAS, following discussion in Executive Session, and in full accordance
with the requirements of the Open Meetings Act, the City Council
determines that the following action is in the best interests of the
health, safety and welfare of the public.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF COLLEYVILLE, TEXAS:
Sec. 1. THAT the City Council hereby authorizes and awards a grant of
$30,000 to SP Ventures, LLC, for façade improvements at 4605
Colleyville Boulevard, to be funded out of the City's Strategic
Initiatives Fund; and
Sec. 2. THAT City staff shall subsequently negotiate and execute an
agreement for the disposition of said grant; and
Sec. 3. THAT no grant monies shall be expended until such time that all
improvements are completed and inspected by City staff; and
Sec. 4. THAT the executed agreement between the City and SP Ventures
LLC, will include a provision for repayment of the grant should the
building be sold or not maintained by Bahama Buck's as a sales
tax-generating tenant for three years after the improvements are
completed.
AND IT IS SO RESOLVED.
APPROVED BY A VOTE OF - AYES, 0 NAYS AND O
ABSTENTIONS ON THIS THE 2ND DAY OF SEPTEMBER 2014.
Resolution R-14-3775
Page 2 of 2
ATTEST: CITY OF COLLEYVILLE
A
A111:-A111:- ',helley, AMC David Kelly
City=Secretary Mayor
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