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HomeMy WebLinkAbout11-00 2000-08-14 EULESS DEVELOPMENT CORPORATION RESOLUTION NO. 11-00 A RESOLUTION RELATING TO A PUBLIC HEARING AND PROVIDING FOR THE UNDERTAKING AND EXPENDITURE OF FUNDS FOR A PROJECT INVOLVING LAND AND FACILITY IMPROVEMENTS ALONG MAIN STREET INCLUDING THE ACQUISITION OF RIGHT-OF-WAY AND CONSTRUCTION OF ROADWAY IMPROVEMENTS TO PROMOTE 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 August 3, 2000, a notice of public hearing to be held by the Board of Directors of the Corporation on August 14, 2000, on the undertaking and expenditure of funds for a project involving land and facility improvements along Main Street, including the acquisition of right-of-way and construction of roadway improvements (the "Project") to promote 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 Corporate 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 Corporate funds expended for its accomplishment; now, therefore, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE EULESS DEVELOPMENT CORPORATION: the Project involving land and facility improvements along Main Street, including the acquisition of right-of-way and construction of roadway improvements is hereby determined to be a project within the meaning of Section 4B of Article 5190.6, Vemon's Annotated Civil Statutes, and such project is hereby approved. FURTHERMORE, 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 August 3, 2000, are hereby approved, ratified and confirmed in all respects. PASSED AND ADOPTED, this 14th day of August, 2000. EULESS DEVELOPMENT CORPORATION •1 -d (170 C�v Mary Lib S eh Chairman, Board of Directors ATTEST: elf - u nCrm Secretary, Boa of Directors