HomeMy WebLinkAboutRES 1980-032 RESOLUTION NO. 80-32
A RESOLUTION APPROVING THE BY-LAWS AND LOCAL
REGULATIONS OF CITY OF GRAPEVINE INDUSTRIAL
DEVELOPMENT CORPORATION AND AUTHORIZING THE
CITY ADMINISTRATION TO PROVIDE STAFF SERVICES �
TO SAID CORPORATION
WHEREAS, the Board of Directors of the CITY OF GRAPEVINE
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INDUSTRIAL DEVELOPMENT CORPORATION has adopted its inital bylaws,
as contemplated by the Development Corporation Act of 1979 , an
has submitted the same to this meeting for consideration by this
City Council in accordance with said Act; and
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WHEREAS, said Board of Directors has also adopted its Local
Regulations for Receiving and Approving Applications for Financial
Participation in Development Projects, and has submitted the same
also to this City Council for its consideration; and
WHEREAS, this City Council has considered such bylaws, and
has considered said Local Regulations and desires hereby to approve
the same;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF GRAPEVINE:
(1) That the bylaws of the CITY OF GRAPEVINE INDUSTRIAL
DEVELOPMENT CORPORATION, in the form and substance attached here-
to are in all things approved.
(2) That the aforesaid Local Regulations of said Corporation,
in the form and substance attached hereto are in all things approved;
and
��_. (3) That as contemplated by the aforesaid bylaws and regulations,
the City Administration, under the direction of the City Manager,
is authorized to provide Staff services to said Corporation, subject
'� to payment for said services as provided in said bylaws.
ADOPTED this 19th day of August, 1980.
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Mayor
ATTEST:
City S ret y
APPROVED AS TO FORM:
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�,-_� City Attorney
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