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HomeMy WebLinkAboutCity Council Resolutions (R-25-5032)-04/15/2025RESOLUTION R-25-5032 A RESOLUTION APPROVING COUNCIL ACTION REGARDING EXECUTIVE SESSION ITEMS AT THE REGULAR CITY COUNCIL MEETING OF APRIL 15, 2025 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 approves an economic development incentive agreement with Shoal Creek Capital Partners, LLC, providing a development grant in the form of a waiver of seventy-five percent (75%) of the impact fees assessed by the City of Colleyville for the construction of a commercial retail space development located at 6521 Colleyville Boulevard. Sec. 2. THAT the City Council authorizes the City Manager, or his designee, to sign all documents necessary to execute the foregoing agreement. Sec.3. THAT this resolution shall be effective immediately upon approval. AND IT IS SO RESOLVED. APPROVED BY A VOTE OF 7 AYES, 0 NAYS ON THIS THE 15TH DAY OF APRIL 2025. Mayor Bobby Lindamood Aye Mark Alphonso, Place 2 Aye Mayor Pro Tern Brandi Elder Aye Ben Graves, Place 4 Aye Deputy Mayor Pro Tern Scotty Richardson Aye Tim Raine, Place 6 Aye Kimberly Holt Gunderson, Place 5 Aye ATTEST: Christine Loven City Secretary, TRMC OF OLLEYVI LE t i 4ddamood