Resolution 2019-171
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RESOLUTION NO. 2019-17(R)
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF WYLIE,
TEXAS, REQUIRING THE WYLIE ECONOMIC DEVELOPMENT
CORPORATION TO OBTAIN CITY COUNCIL APPROVAL OF
PROJECTS WITH THIRD PARTIES BEFORE EXECUTING THE
AGREEMENT AND PROVIDING FOR AN EFFECTIVE DATE HEREOF.
WHEREAS, the Wylie Economic Development Corporation ("Wylie EDC") has the
authority to expend the proceeds of the economic development sales tax for the purposes
authorized by the Development Corporation Act; and
WHEREAS, the City of Wylie retains the authority to approve all programs and
expenditures, including promotional expenditures, of the Wylie EDC as authorized by the
Development Corporation Act and the Bylaws of the Wylie EDC; and
WHEREAS, the City of Wylie desires to approve any Project (as defined by the
Development Corporation Act) proposed or approved by the Wylie EDC before it executes the
agreement with a third party.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF WYLIE, TEXAS:
SECTION 1. The findings set forth above are incorporated into the body of this
Resolution as if fully set forth herein.
SECTION 2. Any Project proposed or approved by the Wylie EDC must be approved by
the City Council of Wylie before the Wylie EDC executes the agreement with a third party.
SECTION 3. A copy of this Resolution shall be forwarded to the Wylie EDC.
SECTION 4. This Resolution shall be effective immediately upon its passage.
DULY PASSED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF
WYLIE, TEXAS on this l lth day of June, 2019.
ATTEST TO:
Stephanie Storm, City Secretary
' ..971'i OF 'r`ir'
Resolution No. 2019-17(R) Requiring the Wyse EDG—to=Obtain
City Council Approval of Projects with Third
Parties Before Executing the Agreement
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