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HomeMy Public PortalAboutResolution No. 115-99 08-10-1999 RESOLUTION NO. 115-99 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RICHLAND HILLS, TEXAS, APPROVING THE GENERAL TERMS AND CONDITIONS OF A PROPOSED DEVELOPMENT BY ALPHANATIONAL TECHNOLOGY SERVICES, INC., AND AUTHORIZING THE CITY OF RICHLAND HILLS TO PROCEED WITH THE NECESSARY PROCEDURES TO CREATE A REINVESTMENT ZONE AND FINALIZE AN AGREEMENT FOR A COMMERCIAL TAX ABATEMENT WITH ALPHANATIONAL TECHNOLOGY SERVICES, INC AT MIDWAY PLACE ADDITION, BLOCK 6, LOTS 1, 2, 5 & 6. WHEREAS, the future economic viability of the City of Richland Hills depends on the City's ability to attract new investment through the location of new businesses and the expansion and modernization of existing businesses; and WHEREAS, AlphaNational Technology Services, INC. has made application for incentives and tax abatement; and WHEREAS, the incentive and tax abatement request meets the City's adopted "Guidelines and Criteria for the Economic Development Incentives Program;" and WHEREAS, state law requires the creation of a reinvestment zone prior to the execution of a tax abatement agreement; NOW THEREFORE, BE IT RESOLVED THAT THE CITY COUNCIL, OF THE CITY OF RICHLAND HILLS, TEXAS, SUPPORTS IN PRINCIl'LE THE APPLICATION OF ALPHANATIONAL TECHNOLOGY SERVICES, INC. AND HEREBY CALLS FOR A PUBLIC HEARING ON AUGUST 24, 1999 AT 7:30PM TO CONSIDER EVIDENCE AND TESTIMONY RELATIVE TO THE CREATION OF REINVESTMENT ZONE NO. 1, AND ADOPTION OF A FINAL AGREEMENT BETWEEN THE CITY OF RICHLAND HILLS, TEXAS, AND ALPHANATIONAL TECHNOLOGY SERVICES,, INCA PASSED AYPiZ©fhis the lOthday of August , 19 99. A, a a - ~ V • ~ ~ ; C.F. elley; AYOR :v ; ATTEST: • • . ~ . • ~ . Tem i is, City Secretary