Leon Valley
TX

Resolution
17-011R

Discuss and Consider Possible Action on a Resolution Approving the Expenditure of Leon Valley Economic Development Corporation (LVEDC) funds in an amount not to exceed $13,030.00 for Movies In The Park.

Information

Department:Economic DevelopmentSponsors:
Category:Presentation

Attachments

  1. Printout

Item Discussion

PURPOSE

 

This agenda item is to provide information on the LVEDC contribution of $13,030.00 to the City of Leon Valley. Article IV Functional Corporate Duties and Requirements, Section 4.5 Expenditure of Corporate Money, Subsection © of the Bylaws of the City of Leon Valley Economic Development Corporation (LVEDC) requires that projects approved by the LVEDC Board of Directors for project funding in excess of $10,000.00 be approved by a resolution of the City Council.

 

On February 22, 2017, the LVEDC Board held a public hearing and reading of the resolution approving the LVEDC expenditure of $13,030.00 in LVEDC funds to provide purchasing of a Movie in the Park cinema package.

 

SEE LEON VALLEY

 

Social - The Movies in the Park will be open to the public and may be enjoyed by all the locals and visitors; thus, helping the City promotes a superior quality of life.

 

Economic Development- Movies in the Park will exhibit a distinctive and welcoming identity providing opportunities to market and brand the City for potential developers, businesses and/or residents.

 

Environmental Stewardship - N/A

 

FISCAL IMPACT

 

The contribution would be funded by the FY 2017 LVEDC Budget line item “Project Funding”. Monies for the LVEDC Budget come from the collection of the 1/8% in sales and use tax for economic development purposes as authorized by law. The LVEDC is a Type B economic development corporation which uses the collected sales and use tax revenues to promote and conduct economic development in and for the City of Leon Valley.

 

STRATEGIC GOALS

 

To attract Leon Valley residents, businesses, and people from the region and increase the exposure of Leon Valley and its businesses.

 

 

Document Comments

RECOMMENDATION

 

Staff Recommends Approval  of This Resolution

 

Body

A RESOLUTION APPROVING THE EXPENDITURE OF LEON VALLEY ECONOMIC DEVELOPMENT CORPORATION (LVEDC) FUNDS IN AN AMOUNT NOT TO EXCEED $13,030.00 TO FUND THE CITY OF LEON VALLEY'S MOVIES IN THE PARK PROJECT.

 

WHEREAS, the mission of the Leon Valley Economic Development corporation is to promote businesses within the city or businesses relocating into the city; and

 

WHEREAS, The Movies in the Park is an annual event promoted by the City of Leon Valley; and

 

WHEREAS, The Movies in the Park will be open to the public and may be enjoyed by all the locals and visitors; thus, helping the City promote businesses and a superior quality of life; and

 

WHEREAS, it is the desire of the City Council to approve the expenditure of LVEDC funds to the City of Leon Valley’s Movies In The Park Project in an amount not to exceed $13,030.00;

 

NOW, THEREFORE,  BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LEON VALLEY, TEXAS::

 

Section 1.              The expenditure of LVEDC funds to the City of Leon Valley’s Movies In The Park Project in an amount not to exceed $13,030.00 is hereby approved.

 

Section 2.              This Resolution shall become effective immediately upon passage by four (4) or more affirmative votes of the entire City Council; otherwise, said effective date shall be ten (10) days from the date of passage hereof.

 

 

 

Meeting History

Apr 4, 2017 7:00 PM  City Council Regular Meeting
RESULT:ADOPTED [UNANIMOUS]
MOVER:Monica Alcocer, Council Place 3
SECONDER:Benny Martinez, Council Place 4
AYES:David Jordan, David Edwards, Monica Alcocer, Benny Martinez

Discussion