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R-10-12-16-10F1 - 12/16/2010RESOLUTION NO. R -10-12-16-10F1 WHEREAS, Toppan Printing is considering remodeling and expanding a building on the Toppan Photomasks campus located at 400 Texas W. Louis Henna Blvd., and WHEREAS, Toppan Printing will bring approximately 35 jobs and considerable tax base to the City, and WHEREAS, as an incentive for Toppan Printing to locate a facility in the City, the City Council hereby determines that it is in the best interest of the City to waive certain development fees, and WHEREAS, the City Council also determines that such waiver of fees will result in substantial economic benefit to the City, Now Therefore BE IT RESOLVED BY THE COUNCIL OF THE CITY OF ROUND ROCK, TEXAS, That all building permit fees for Toppan Printing to remodel and expand the aforesaid building shall be waived. The City Council hereby finds and declares that written notice of the date, hour, place and subject of the meeting at which this Resolution was adopted was posted and that such meeting was open to the public as required by law at all times during which this Resolution and the subject matter hereof were discussed, considered and formally acted upon, all as required by the Open Meetings Act, Chapter 551, Texas Government Code, as amended. RESOLVED this 16th day of December, 2010. ATTEST: QA44/1 • liue,votg-- SARA L. WHITE, City Secretary O:Awdox\SCC1nts\01 12V1005\MUNICIPALV00209112.DOC/sIs Y)-7 ALAN MCGRAW, Mayor City of Round Rock, Texas ROUND ROCK, TEXAS PURPOSE. PASSION. PROSPERI Y. Agenda Item No. 10F1. City Council Agenda Summary Sheet Agenda Caption: Consider a resolution waiving certain building permit fees for Toppan Printing. Meeting Date: December 16, 2010 Department: Administration Staff Person making presentation: Cindy Demers Acting City Manager Item Summary: Toppan Printing plans to remodel and repurpose a building on the Toppan Photomask campus located at 400 Texas Avenue. In exchange for the economic benefit to the City of Round Rock and the creation of 35 new jobs, the City is prepared to waive certain development fees. The estimated value of the fees is $2,240.00. Strategic Plan Relevance: 16.0 — Develop financial capital needed to support business growth and development, and improve the financial advantages of operating in the City. Cost: Source of Funds: Date of Public Hearing (if required): N/A Recommended Action: Approval