R428RESOLUTION NO. 428
A RESOLUTION OF THE CITY OF KENNEDALE, TEXAS,
AUTHORIZING AN ECONOMIC DEVELOPMENT PROJECT AND
AUTHORIZING THE EXECUTION OF A PERFORMANCE
AGREEMENT FOR DEVELOPMENT OF PROPERTY LOCATED AT
1298 W. KENNEDALE PARKWAY
WHEREAS, the City of Kennedale, Texas (the "City ") is a home rule city acting under
its charter adopted by the electorate pursuant to Article XI, Section 5 of the Texas Constitution
and Chapter 9 of the Local Government Code; and
WHEREAS, the Kennedale Economic Development Corporation (the "EDC ") is an
Economic Development Corporation created by the City and operating under the authority of
Chapters 501 and 505 of the Local Government Code (the "Act "); and
WHEREAS, on July 22, 2014 the EDC held a public hearing to receive comments from
citizens regarding an economic development project for development of property located at 1298
W. Kenendale Parkway; and
WHEREAS, at the conclusion of the public hearing, the EDC's Board of Directors
considered and authorized execution of an economic performance agreement which is attached to
this resolution as Exhibit "A"; and
WHEREAS, on July 10, 2014 and August 14, 2014 the City Council considered the
agreement and the project approved by the EDC and determined that it is authorized by the Act
and that it will further the mission of the EDC including the promotion of new or expanded
business development and the economic development of the City.
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF KENNEDALE, TEXAS:
SECTION 1.
The City Council of the City of Kennedale hereby approves the Economic Development
Project and authorizes the president of the Kennedale Economic Development Corporation to
execute an economic performance agreement for development of property located at 1298 W.
Kennedale Parkway, attached hereto as Exhibit "A."
SECTION 2.
This Resolution shall be effective upon final adoption on second reading.
PASSED AND APPROVED on first reading this 10 day of July, 2014.
PASSED AND APPROVED on second reading this 14th day of August, 2014.
Attest:
City Secretary/
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