Regular City Council Meeting


Print

Return to the Search Page Return to the Agenda
  Item No. 28.       
Meeting Date: 02/14/2019  
COMMITTEE: Finance  
CONTACT: Aaron Holloman CHAIR: Caleb Grant

ACTION REQUESTED:
Consider approval of First Amendment to Project Services Agreement with the Roswell Chaves County Economic Development Corporation. (Grant/Holloman)
BACKGROUND:
On November 8, 2018, City Council approved project services agreement with the Roswell Chaves County Economic Development Corporation to develop property at RIAC for new tenant Red Mountain Arsenal, LLC. The original agreement was limited to $307,000 allowing for a higher amount in the City’s discretion and upon written agreement. This amendment would allow the City to provide additional funding, satisfying the “written agreement” provision of the original agreement.
FINANCIAL CONSIDERATION
As presented, authorizes the expenditure of money up to $675,000 for project services.
LEGAL REVIEW:
The City Attorney has reviewed the Agreement.
BOARD AND COMMITTEE ACTION:
The Finance Committee recommended (4-0) approval at their meeting on February 7, 2019.
STAFF RECOMMENDATION:
Consider approval of First Amendment to Project Services Agreement with the Roswell Chaves County Economic Development Corporation.
Attachments
ATT 1 First Amend Project Srvcs Agmt


    

Level double AA conformance,
                W3C WAI Web Content Accessibility Guidelines 2.0

AgendaQuick ©2005 - 2019 Destiny Software Inc. All Rights Reserved.