Legislation Details

File #: 25-191    Version: 1 Name:
Type: Resolution Status: Passed
File created: 3/14/2025 In control: City Council
On agenda: 3/18/2025 Final action: 3/18/2025
Title: Resolution approving (i) the Resolution of the Board of Directors of the Seguin Economic Development Corporation regarding a loan to finance the costs of an economic development project; (ii) a sales tax remittance agreement between the City and the Corporation; (iii) resolving other matters incident and related to the project and the loan; and (iv) the authority of the Mayor to execute, on behalf of the city, a general certificate of the City and the agreements contemplated in the Resolution. - Josh Schneuker, Director of Economic Development
Attachments: 1. 031825 Government Capital Loan_CC Memo, 2. SEDC - Government Capital Loan Agreement_CC Resolution, 3. Government Capital Closing Doc Package

Title

Resolution approving (i) the Resolution of the Board of Directors of the Seguin Economic Development Corporation regarding a loan to finance the costs of an economic development project; (ii) a sales tax remittance agreement between the City and the Corporation; (iii) resolving other matters incident and related to the project and the loan; and (iv) the authority of the Mayor to execute, on behalf of the city, a general certificate of the City and the agreements contemplated in the Resolution. - Josh Schneuker, Director of Economic Development