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HomeMy WebLinkAbout19-17 12-12-2017 EULESS DEVELOPMENT CORPORATION RESOLUTION NO. 19-17 A RESOLUTION RELATING TO A PUBLIC HEARING AND PROVIDING FOR THE UNDERTAKING AND EXPENDITURE OF FUNDS FOR A PROJECT INVOLVING THE AMENDMENT AND MODIFICATION OF AN EXISTING PROJECT WITH U.S. CONCRETE AND ITS SUBSIDIARY REDI MIX, L.LC., EXTENDING JOB CREATION INCENTIVES AND PROVIDING FOR THE ACQUISITION OF LAND AND FACILITIES FOR AN EXPANSION OF THE CORPORATE HEADQUARTERS AND A PRIMARY JOB TRAINING FACILITY AND PROMOTING NEW BUSINESS DEVELOPMENT WITHIN THE CITY OF EULESS; AND RESOLVING OTHER MATTERS INCIDENT AND RELATED THERETO. WHEREAS,the Secretary of the Euless Development Corporation caused to be published in the Fort Worth Star Telegram on December 7, 2017, a notice of public hearing to be held by the Board of Directors of the Corporation on December 12, 2017, on the undertaking and expenditure of funds for a Project involving the amendment and modification of an existing project with U.S. Concrete and its subsidiary Redi Mix, L.L.C., extending job creation incentives and providing for the acquisition of land and facilities for an expansion of the Corporate Headquarters and a primary job training facility and promoting new business development within the City of Euless; and WHEREAS, the public hearing was held and conducted on the date and at the time and place stated in said notice, and after describing the Project and its estimated costs, all persons present at such public hearing were given the opportunity to make a statement regarding such Project and the expenditure of Corporation funds therefore; and WHEREAS, following such public hearing on the Project and considering any issues raised about the Project, the Board of Directors hereby finds and determines the Project should be undertaken and Corporation funds expended for its accomplishment. NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE EULESS DEVELOPMENT CORPORATION: SECTION 1. The Project involving the amendment and modification of an existing project with U.S. Concrete and its subsidiary Redi Mix, L.L.C., and extending job creation incentives and providing for the acquisition of land and facilities for an expansion of the Corporate Headquarters and a primary job training facility and promoting new business development within the City of Euless is hereby determined to be a project within the meaning of Title 12, Subtitle C1, Texas Local Government Code, and such project is hereby approved. SECTION 2. The acts of the Secretary of the Corporation in causing notice of public hearing on said Project to be published in the Fort Worth Star Telegram on December 7, 2017, are hereby approved, ratified and confirmed in all respects. PASSED AND ADOPTED, this 12th day of December 2017. EULESS DEVELOPMENT CORPORATION Lin a Ma ri in Chairman, Board of Directors ATTEST: i Sutter Secretary, Board of Directors Resolution No. 19-17, Page 2 of 2