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10-15-07-Resolution-Authorizing the use of the 4B Development Corporation funds for Downtown improvements.-10/15/2007RESOLUTION # 10-15-07 WHEREAS, the residents of Sanger approved the 46 economic development sales tax and creation of the Sanger Development Corporation to promote economic development and improve quality of life in Sanger; and WHEREAS, the goals of economic development include identifying and recruiting businesses which contribute to Sanger's economic well-being by broadening and diversifying the tax base and creating quality employment opportunities, while maintaining quality of life, and encouraging the local economy through a business re- development program that focuses on stimulating new investments in the downtown area; and WHEREAS, preserving downtown received a 88%favorable response during the Master Plan Citizen Survey in 20074 and WHEREAS, infrastructure in the downtown area has deteriorated and makes in difficult to retain and promote the creation of primary jobs in the area; WHEREAS, notice has been provided, public hearing has been conducted, and project has been approved by the Board of Directors of the Sanger Texas Development Corporation; NOW THEREFORE BE RESOLVED, that the City of Sanger City Council authorizes the use of funds recommended by the Sanger Development Corporation for downtown improvements including road, sidewalk, utility and drainage improvements and landscaping; Passed and approved the day of in 2007. Joe Attest: Rose Chavez, City Secretary