HomeMy WebLinkAboutCity Council Resolutions (R-11-3359)-05/19/2011RESOLUTION R-11-3359
A RESOLUTION AWARDING FAC~ADE IMPROVEMENT GRANT
TO THE GIBSON FAMILY TRUST
WHEREAS, the City of Colleyville City Council unanimously adopted Economic
Development Incentive Guidelines and Criteria through Resolution R-10-
3286 on November 3, 2010; and
WHEREAS, the City's Economic Development Incentive Guidelines and Criteria
include an incentive program for fa~ade improvements, pole signage
removal and replacement, and tenant improvements to facilitate
destination restaurants and retailers, which are to be reviewed by an
Architectural Review Commission; and
WHEREAS, Colleyville property owners associated with the Gibson Family Trust have
made application for a fa~ade improvement grant of $15,000 for
improvements to the structure at 5117 Colleyville Boulevard with projected
construction expenses of $250,000; and
WHEREAS, the Architectural Review Commission has reviewed the applicants' site
plan and elevations and unanimously recommended City Council approval
and funding of this project.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
COLLEYVILLE, TEXAS:
Sec. 1. THAT the Colleyville City Council hereby awards a grant of $15,000 to the
Gibson Family Trust for fa~ade improvements at 5117 Colleyville
Boulevard, to be funded out of the City's Strategic Initiatives Fund.
Sec. 2. THAT City staff shall subsequently negotiate and execute an agreement
for the disposition of said grant.
Sec.3. THAT no grant monies shall be expended until such time that all
improvements are completed and inspected by City staff.
Sec. 4. THAT the executed agreement between the City and the Gibson Family
Trust will include a provision for repayment of the grant should the building
be sold within three years after the improvements are completed and a
certificate of occupancy is issued.
AND IT IS SO RESOLVED.
Resolution R-11-3359
Page 2 of 2
APPROVED BY A VOTE OF AYES, _~, NAYS AND O
' ABSTENTIONS ON THIS THE DAY OF 2011.
II , ATTEST• CITY OF COLLEYVILLE
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'' Cynthia Singleton, TRMC, C C David Kelly
'~'~ City Secretary Mayor