HomeMy WebLinkAboutCity Council Resolutions (Resolution R-19-4405)-08/06/2019RESOLUTION R-19-4405
A RESOLUTION APPROVING COUNCIL ACTION
REGARDING EXECUTIVE SESSION ITEMS AT THE REGULAR
CITY COUNCIL MEETING OF AUGUST 6, 2019
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 approves an
economic development reimbursement grant incentive agreement
with Leading Edge Claims Service in an amount not to exceed
$5,500.00, for landscape improvements to the property located
at 4508 Colleyville Boulevard (the "Property"). The City Council
further authorizes an additional reimbursement grant amount not
to exceed $3,000.00 for additional exterior improvements to the
Property, provided the additional improvements to the Property
are valued in excess of $10,000.00 on or before December 31,
2019. The City Manager, or his designee, is authorized to execute
all documents necessary to effectuate the foregoing economic
development incentive agreement.
Sec. 2. THAT the City Council hereby authorizes and approves an
economic development reimbursement grant incentive agreement
for the Stone House Restaurant & Wine Bar for exterior
improvements to the property located at 5201 Colleyville
Boulevard (the "Property"). The total reimbursement amount
shall not exceed $100,000.00 and shall be conditioned upon the
exterior improvements on the Property being valued at not less
than three times (3x) the total amount of the reimbursement
grant to be paid. The City Manager, or his designee, is authorized
to execute all documents necessary to effectuate the foregoing
economic development incentive agreement.
AND IT IS SO RESOLVED.
APPROVED BY A VOTE OF 6 AYES, 0 NAYS ON THIS THE 6T" DAY OF AUGUST
2019.
Resolution R-19-4405
Page 2 of 2
Mayor Richard Newton
Aye Mayor Pro Tern Bobby Lindamood Aye
Place 1, Tammy Nakamura
Abs Place 3, Kathy Wheat Aye
Place 4, George Dodson
Aye Place 5, Chuck Kelley Aye
Place 6, Callie Rigney
Aye
ATTEST:
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Christine Loven, TRMC
City Secretary
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Richard Newton
Mayor