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R-13-03-28-I5 - 3/28/2013RESOLUTION NO. R -13-03-28-I5 WHEREAS, the Southwest Downtown Improvements for the San Saba and Liberty Streets Project includes relocating electrical facilities, and WHEREAS, the relocation of said facilities will affect the viability of the Golden Chick Restaurant located at 404 West Liberty Street, to remain in operation, and WHEREAS, §380.001 Local Government Code provides that a municipality may establish an economic development program ("Program") to promote local economic development and to stimulate business and commercial activity in the municipality, and WHEREAS, the City Council has determined that the Program described in Exhibit "A" will meet the goals set forth in said §380.001 by stimulating and retaining local business to the mutual benefit to both parties, Now Therefore BE IT RESOLVED BY THE COUNCIL OF THE CITY OF ROUND ROCK, TEXAS, That the City offers to WGG Interests, Inc. ("WGG") a §380.001 Program to provide WGG a reimbursement for the replacement of certain electrical equipment at its establishment, and BE IT FURTHER RESOLVED That the offer of the Program shall be as generally outlined in Exhibit "A" attached hereto and incorporated herein for all purposes. 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. 0 \wdox\SCCIn1s\0112\1304\MUNICIPAU00267666.DOC RESOLVED this 28th day of March, 2013. ATTEST:q��- 1 n 0& SARA L. WHITE, City Clerk 2 ALAN MCGRAW, Mayor City of Round Rock, Texas EXHIBIT A ECONOMIC DEVELOPMENT PROGRAM The terms of the §380.001 Economic Development Program is for the City of Round to provide WGG Interests, Inc. a reimbursement for the replacement of certain electrical equipment at its establishment: The terms and provisions of this Program will be set out in more detail in the Economic Development Program Agreement of even date herewith. 3 City of Round Rock ,ROUND ROCK TIXAS nnrosc rnssian womrn�n Agenda Item Summary Agenda Number: 1.5 Title: Consider a resolution adopting a Chapter 380 Economic Development Program for WGG Interests, Inc. Type: Resolution Governing Body: City Council Agenda Date: 3/28/2013 Dept Director: Gary Hudder, Transportation Director Cost: Indexes: Attachments: Resolution Text of Legislative File 13-003 The Southwest Downtown Improvements recently awarded for the San Saba and Liberty Streets Project include parking, street and utility improvements. The utility improvements include placing all overhead electrical services underground. One of the business along Liberty Street, the Golden Chick, currently utilizes an electric service for which ground mounted transformers are not available. If the new electrical service with the underground utilities were to be provided to the Golden Chick property, it would result in the electrical equipment in the Golden Chick ceasing to function, thus affecting the viability of the Golden Chick restaurant. Approval of this Economic Development Program will allow for the City to consider entering into an economic development agreement to replace the fryers in the restaurant so that they are compatible with the new electrical services. Staff recommends approval. City of Round Rock Page 1 Printed on 312512013