HomeMy WebLinkAboutResolution - 2010-R0521 - Lubbock Economic Development Alliance (LEDA) Expenditure Approval - 10/21/2010Resolution No. 2010-RO521
October 21, 2010
Item No. 2.1
RESOLUTION
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LUBBOCK:
THAT the City Council of the City of Lubbock, pursuant to Section 501.073 of
the Texas Local Gov. Code does hereby approve (1) the ongoing discussions and
transactions of the Lubbock Economic Development Alliance, Inc., with the Office of the
Governor of Texas and the Texas Product Development Fund for an economic
development loan guarantee and pledge of economic development sales and use tax
collections as described in Lubbock Economic Development Alliance, Inc. Resolution
No. RE 10-46 and (2) the programs and expenditures of the Lubbock Economic
Development Alliance, Inc. described in and related to the transactions contemplated by
Lubbock Economic Development Alliance, Inc. Resolution No. RE 10-46.
Passed by the City Council on _October 21, 2010
TOM MARTIN, MAYOR
ATTEST:
_ u _
Rebec a Garza, City Secret
APPROVED AS TO CONTENT:
Rob Allison, AssistaM rt�lanager
Development Services
APPROVED AS TO FORM:
Sam Medina, City AttorZ t
gs:ccdocs RES.LEDA Economic Development Loan
October 21, 2010