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HomeMy WebLinkAboutResolution 2008-061RESOLUTION NO. 2008-061 WHEREAS, the City Staff has negotiated a proposed agreement for the grant of economic incentives to Texas Investors, LLC in order to promote local economic development and to stimulate business and commercial activity in the City through the redevelopment of property located at 5198 Rufe Snow and 5142 Rufe Snow, North Richland Hills, Tarrant County Texas; and WHEREAS, the City Council desires to approve such agreement; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF NORTH RICHLAND HILLS, TEXAS: Section 1: The Economic Development Agreement between the City and Texas Investors, LLC is hereby approved and its execution is hereby authorized. AND IT IS SO RESOLVED. PASSED AND APPROVED on the 8th day of December, 2008. CITY By: APPRO~I ~, ~$~ TO F M AND LEGALITY: ,. r ;~ George A. S aples City A torney APPR E S O CONTENT: ~. Craig Hul e~ nomic Development Director Mayor Patricia Hutson, City Secretary