HomeMy WebLinkAboutCDCRes2015.07.02ANNA COMMUNITY DEVELOPMENT CORPORATION
RESOLUTION NO.S-c7
A RESOLUTION OF THE ANNA COMMUNITY DEVELOPMENT CORPORATION
APPROVING AN ESTOPPEL CETIFICATE FOR Q SEMINOLE ANNA TOWN
CENTER, L.P. RELATED TO AN INCENTIVE AGREEMENT FOR NEW ECONOMIC
DEVELOPMENT WITH Q SEMINOLE ANNA TOWN CENTER, L.P, THE ANNA
ECONOMIC DEVELOPMENT CORPORATION, AND THE CITY OF ANNA
WHEREAS, the CDC has received a request to issue an Estoppel Certificate from Q
Seminole Anna Town Center, L.P. who has represented that it will create and retain a
significant number of new jobs and that will result in new capital investment, all within
the corporate limits of the City, and
WHEREAS, the CDC desires to issue the Estoppel Certificate to satisfy Q Seminole
Anna Town Center, L.P. Lender's request to certify certain matters contained in the
Incentive Agreement further detailed in EXHIBIT A attached.
NOW, THEREFORE, BE IT RESOLVED BY THE ANNA COMMUNITY
DEVELOPMENT CORPORATION THAT:
Section 1. Recitals Incorporated
The recitals set forth above are incorporated herein for all purposes as if set forth in full.
Section 2. Approval Estoppel Certificate
The CDC hereby approves the Estoppel Certificate for Q Seminole Anna Town Center,
L.P., attached hereto as EXHIBIT A, incorporated herein for all purposes, and
authorizes the CDC President to execute same on its behalf, subject to approval as to
form by legal counsel for the CDC and final content by the CDC Chief Administrative
Officer and subject to approval by the City Council.
PASSED AND APPROVED by the Anna Community Development Corporation on this
5+ , day of % 2015.
C
ATTEST:
Jo n Houcek
Cc,
President
(DC
ANNA CDC RESOLUTION NO. �C'S PAGE 1 OF 1