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06-07-18-Resolution-Approving Grant Guidelines the Development Corporation-06/04/2018RESOLUTION uo-u [-18 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SANGER, TEXAS, APPROVING CONSIDERATION OF GRANT GUIDELINES AND GRANT APPLICATION FOR THE SANGER TEXAS DEVELOPMENT CORPORATION AND PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, In 1996 Sanger voters approved the creation of a 4B (now Type B) sales tax corporation to support community and economic development projects and initiatives to enhance the quality of life improvements and economic growth for Sanger residents. STDC receives revenue from a half -cent sales tax, and awards grant funds for projects, promotional activities and community events that benefit the community, support economic development and showcase the City of Sanger WHEREAS, the Sanger Texas Development Corporation has the desire to establish a grant program for projects eligible for funding authorized under The Development Corporation Act and (Chapters 501 to 505 of the Texas Local Government Code WHEREAS, the Sanger, Texas Development Corporation, will provide two distinct types of grant opportunities: Project Grants that provide financial support for projects eligible for consideration under Sections 501 and 505 of the Texas Local Government Code, and Promotional and Community Event Grants provide financial support (not to exceed $10,000 per grant) for initiatives, activities and events that promote the City of Sanger for the purpose of developing new or expanded business opportunities, to attract visitors to our community and enhance quality of life for Sanger residents. WHEREAS, the Sanger Texas Development Corporation has established grant guidelines and a grant application process attached hereto. NOW, THEREFORE, BE IT RESOLVED BY THE CITY OF COUNCIL OF SANGER, TEXAS THAT: SECTION 1. That the City has reviewed the proposed grant guidelines and application process and has determined that the process will promote community activity and enhance the quality of life of the City and accordingly promotes a public purpose authorized under The Development Corporation Act and (Chapters 501 to 505 of the Texas Local Government Code). SECTION 2. That the Mayor is authorized to execute this Resolution from and after its passage as the law authorizes SECTION 3. That the Sanger Texas Development Corporation is hereinafter authorized to establish grant guidelines and an application process for purposes authorized under• The Development Corporation Act and (Chapters 501 to 505 of the Texas Local Government Code. SECTION 4. This Resolution shall take effect after its reading and immediately from and after its passage by the City Council, and it is, accordingly, so resolved. DULY RESOLVED AND ADOPTED by the City Council of the City of Sanger, Texas this 4th day of June, 2018. APPROVED: Gam✓ d?:� Mali Thomas Muir, Mayor y EXHIBIT A BANGER TEXAS DEVELOPMENT CORPORATION GRANT GUIDELINES Fiscal Year 2019 Promotional and Community Event Grants: Application Deadline Presentation to STCD Board Board Vote and Award Notification Cycle I: November 29, 2018 December 2018 January 2019 Cycle II: May 30, 2019 June 2019 July 2019 Project Grants: Application Deadline Presentation to STCD Board Board Vote and Award Notification Cycle I: January 3, 2019 January 2019 February 2019 Cycle II: March 29, 2019 April 2019 May 2019 Cycle III: June 28, 2019 July 2019 August 2019 For Additional Information James Berman 201 Bolivar St • Sanger, TX • 76266 940.458.2059 phone 940.458,4072 fax Is iberman@sangertexas.org