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RESOLUTION NO. 216
A RESOLUTION OF THE CITY OF KENNEDALE, TEXAS, APPROVING
EXPENDITURES BY THE KENNEDALE ECONOMIC DEVELOPMENT
CORPORATION FOR CERTAIN ENUMERATED PROJECTS.
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 Section 4B of the Development Corporation Act of 1979, as amended, Article 5190.6,
Texas Revised Civil Statutes Annotated (the "Act"); and
WHEREAS, on August 15, 2006, the EDC held a public hearing to receive
comments from citizens regarding certain projects that will require expenditures by the
EDC; and
WHEREAS, at the conclusion of the public hearing, the EDC's Board of Directors
considered and unanimously approved those projects; and
WHEREAS, on September 14, 2006 and October 12, 2006 the City Council
considered those same projects and determined that they are authorized by the EDC's
governing statute and will promote the mission of the EDC and further the economic
development of the City.
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
KENNEDALE, TEXAS:
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SECTION 1.
The declarations, determinations and findings declared, made and found in the
preamble to this Resolution are hereby adopted, restated and made a part of the operative
provisions hereof.
SECTION 2.
The City Council of the City of Kennedale hereby authorizes the following economic
development projects, and approves expenditures by the Kennedale Economic
Development Corporation of funds collected from economic development sales tax as
necessary in furtherance thereof:
1. Development and redevelopment plans for improving commercial
areas on and surrounding Kennedale Parkway including the
establishment of urban renewal plans, commercial incentives and
potential land/improvement purchases;
2. Establishing a Town Center District in the City of Kennedale in the
proximity of the municipal campus including the establishment of City
parks and park facilities, commercial town center incentives and
potential land/improvement purchases;
3. Funding functional and visual grants for improving existing commercial
buildings;
4. Creating Kennedale commercial visual improvements including new
City entrance signage;
5. Attracting individual commercial projects including retail, restaurants,
office and other community services within the City of Kennedale; and
6. Development and improvements of existing and new parks.
SECTION 3.
This Resolution shall be effective upon its adoption.
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PASSED AND APPROVED THIS 12 DAY OF OCTOBER , 2006.
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