HomeMy WebLinkAboutRes 2022-02-1108 Anna Community Development Corporation Incentive Agreement with Zablink Hospitality LLCA RESOLUTION
APPROVING A
CORPORATION
$2081990.06 TO
505.158 OF THE
READINGS
CITY OF ANNA, TEXAS
RESOLUTION NO. Afl r ._off._ 110`0
OF THE CITY COUNCIL OF THE CITY OF ANNA, TEXAS
PROJECT OF THE ANNA COMMUNITY DEVELOPMENT
INCLUDING THE GRANTING OF FUNDS NOT TO EXCEED
ZABLINK HOSPITALITY, LLC AS AUTHORIZED BY SECTION
TEXAS LOCAL GOVERNMENT CODE WITH TWO SEPARATE
WHEREAS, the Anna Community Development Corporation (the "CDC") held a
Public Hearing on February 10, 2022 and approved an Agreement expending
funds to incentivize a hotel project with Zablink Hospitality LLC (the "Project");
WHEREAS, the City of Anna, Texas (the "City") finds that the Project will promote new
or expanded business development in and near the City of Anna, Texas;
WHEREAS, the City desires to enter into that certain Incentive Agreement for New
Economic Development Agreement attached hereto as Exhibit A (the "Agreement");
NOW THEREFORE, BE IT RESOLVED BY THE ANNA COMMUNITY
DEVELOPMENT CORPORATION, THAT:
Section 1. Findings
The recitals set forth above are incorporated herein for all purposes as if set forth in full.
Section 2. Approval of Project and Funding
The City Council of the City of Anna, Texas hereby approves the project and the funding
that is the subject matter of the Agreement.
PASSED AND APPROVED by the City Council of the City of Anna, Texas, on this the
22"d day of February 2022.
Nate Pike, Mayor
City Secretary