HomeMy WebLinkAboutRES 970211-PRESOLUTION NO. 970211—P
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A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF GEORGETOWN,
TEXAS, AMENDING RESOLUTION NO. 961015-I ENCOURAGING THE
DEVELOPMENT OF POWER CENTER IN GEORGETOWN, TEXAS, AND
DETERMINING THAT A DEVELOPMENT AGREEMENT WITH POWER
COMPUTING CONSTITUTES AN ECONOMIC DEVELOPMENT PROGRAM
FOR THE CITY; AND ESTABLISHING AN EFFECTIVE DATE.
WHEREAS, Power Computing ("Power") has indicated its interest in developing its
manufacturing center, sales, center and administrative headquarters in Georgetown, Texas, ("Power
Center Project"); and
WHEREAS, the City Council recognizes the significance of the proposed Power Center Project
for the Georgetown Community; and
WHEREAS, the City Council has actively investigated the effects the proposed Power Center
Project will have for Georgetown through the study performed by Arthur Anderson and Associates
("Economic Impact Analysis"); and
WHEREAS, the City Council determines that the development of the Power Center Project would
prove to be a community asset for the City of Georgetown; and
WHEREAS, the City Council has determined that supplemental payments from the City of
Georgetown to the Georgetown Independent School District are desirable to cover any lost revenues due
to the creation of Georgetown 4B, Inc.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
GEORGETOWN, TEXAS, THAT:
SECTION 1. The facts and recitations contained in the preamble of this resolution are hereby
found and declared to be true and correct, and are incorporated by reference herein and expressly made
a part hereof, as if copied verbatim.
SECTION 2. The City Council hereby finds that this Resolution implements the following
policies of the Century Plan -- Policy Plan:
Economic Development Policy 1, which states: "The City will encourage diversified growth and
promote business opportunities to create jobs, broaden the tax base, and minimize the impact of
economic fluctuations;" and
Growth and Physical Development Policy 1, which states: "The City will ensure that future land
use patterns provide economic, cultural, and social activities to all residents, businesses and
organizations;" and
Growth and Physical Development Policy 4, which states: "The City will encourage new
development and infill redevelopment in the community."
Amended Power Center Resolution No. 1770211—to
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The City Council further finds that the adoption of this resolution is not inconsistent or in conflict with
any other Century Plan Policies, as required by Section 2.03 of the Administrative Chapter of the Policy
Plan.
SECTION 3. The City Council hereby determines that the development of the Power Center
Project will stimulate economic development within the Georgetown area and in the State of Texas. The
City Council further determines that the development of the Power Center Project is in the best interest
of the City.
SECTION 4. The City Council hereby determines that the development of an Agreement for
the Power Center Project constitutes an Economic Development Program within the meaning of Texas
Local Government Code Sec. 380.001. The City Council hereby directs the City staff to draft a
development agreement in compliance with established City Council policies and state law, and to bring
this agreement to the City Council for review and possible approval on November 12, 1996.
SECTION 5. The City Council hereby instructs the City Manager to negotiate a contract with the
School Superintendent acceptable to the School District Board of Trustees and the Georgetown City
Council providing for payments to the Georgetown Independent School District to ensure adequate
funding due to the creation of Georgetown 413, Inc.
SECTION 6. The City Council wants to welcome Power Computing to our community and
express our pleasure at being chosen as the site for the manufacturing and corporate headquarters for
Power Computing. Power Computing is strongly encouraged to proceed with the development of the
Power Center Project in Georgetown, and the City Council pledges its support in cooperating with Power
Computing and its representatives to satisfy the needs of both Power Computing and the Georgetown
Community to the mutual benefit of both parties.
SECTION 7. This resolution shall be effective immediately upon adoption.
RESOLVED this 11th day of February, 1997.
THE CITY OF GEORGETOWN, TEXAS
By: Leo Wood, Mayor
Approved as to form:
Marianne Landers Banks, City Attorney
Attest:
Sandra D. Lee, City Secretary
Amended Power Center Resolution No. ?702//-10
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