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R-93-10-28-9C - 10/28/1993RESOLUTION NO. v ' n' aas -qn i WHEREAS, The City of Round Rock has agreed to seek an infrastructure grant from the Texas Capital Fund, and WHEREAS, the pre - application for this grant has been prepared, Now Therefore BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF ROUND ROCK, TEXAS, The Mayor is hereby authorized and directed to act on the City's behalf in all matters pertaining to this application and, if granted, the award. PASSED AND ADOPTED at a regular meeting of the City Council of the City of Round Rock, Texas, held on October 28,1993. CHARLES CULP PP , Mayor City of Round Rock, Texas DATE: October 26,1993 SUBJECT: City Council Meeting, October 28,1993 ITEM: 9.C. Consider a resolution authorizing the Mayor to submit a Texas Capital Fund Infrastructure Program Pre - Application on behalf of a proposed retail facility. STAFF RESOURCE PERSON: Joe Vining Staff has been working with representatives of the Texas Department of Commerce and the Texas Department of Housing and Community Affairs to complete the Pre - Application for the Infrastructure Grant on behalf of Target. The grant is intended to provide necessary infrastructure improvements in exchange for the commitment by Target to provide a number of jobs that fit the State's criteria for low to moderate income families. The attached resolution authorizes the Mayor to sign the submittal documents. After a review period of approximately thirty (30) days, we will be notified of any required changes. A final application will then be prepared along with the necessary contract documents.