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HomeMy WebLinkAboutRES 900155 - Expand Gtown Indust FoundationRESOLUTION NO, g00J 5`a WHEREAS, the City of Georgetown authorized and approved in 1980, the creation of an Industrial Developnent Corporation; and WHEREAS, said corporation was developed and is currently functioningand is known as Georgetown Industrial Development Corporation; and WHEREAS, the 71st State Legislature expanded the posers permitted for such corporations; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF GEORGETOWN, TEXAS, THAT: Section L The City Council adopts the recitals set forth above as true and correct and as adopted herein verbatim as if fully set forth at length, Section 2. The governing body of the City hereby approves the expansion of powers of the Georgetown Industrial Development Corporation, a non-profit corporation, whose purpose is to carry out economic development to benefit the citizens of Georgetown, Texas, pursuant to the Texas Revised Civil Statutes, Annotated, Article 5190:6, Sub -section 4a. PASSED, APPROVED AND ADOPTED ON TEIS THE 13TH DAY OF EMCH, 1990, Tin Xennedy Rayer ATTEST: Leslie C. Barone Deputy City Secretary