HomeMy WebLinkAboutRes 2010-07-02 Approving EDC Incentive Agreement with Image Vision Labs.pdfCITY OF ANNA, TEXAS
RESOLUTION NO. 2010-07-02
RESOLUTION APPROVING AN ECONOMIC DEVELOPMENT INCENTIVE
AGREEMENT BETWEEN "rHE ANNA ECONOMIC DEVELOPMENT CORPORATION
AND IMAGE VISION LABS, INC. FOR INCENTIVE GRANT FUNDS CONDITIONED
ON PERFORMANCE CRITERIA
WHEREAS. The City Council of the City of Anna supports the Anna Economic
Development Corporation's ("EDCj desire to offer Image Vision Labs, Inc. an economic
development incentive grant conditioned on performance criteria. including but not
limited to the creation of new jobs within the City's corporate boundaries; and
WHEREAS, The City Council of the City of Anna approves the amount of the EDC
incentive grant and the terms of the performance criteria as described in Exhibit A, as
well as the economic development project described therein;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
ANNA, TEXAS THAT:
Section 1. Recitals Incorporated
The recitals set forth above are incorporated herein for all purposes as if set forth in full.
Section 2. The City Council of the City of Anna, Texas hereby authorizes the EDC to
enter into the Economic Development Incentive Grant for Capital Investment
Performance Agreement with Image Vision Labs, Inc. for grant funds in an amount up to
$110,000 to be conditioned on performance criteria as described in Exhibit A.
PASSED by the City Council of the City of Anna, Texas, on this 13th day of July, 2010.
ATTEST:
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