Written Briefings: a. Neighborhood Vitality Matching Grant The Community Services Committee has reviewed the five Neighborhood Vitality applications submitted for consideration. Council is requested to approve funding for these projects contingent upon the applicants obtaining required permits and submittal of required project detail. If Council concurs, this item will be scheduled for formal consideration at the May 4, 2010 Regular Meeting. b. Portfolio Summary The Portfolio Summary is reported to Council each quarter. The report is in compliance with the requirements of the Public Funds Investment Act. Management of the City’s portfolios is conducted in accordance with City Council Policy FIN-06, Statement of Investment, and City Council Policy FIN-05, Statement of Investment Strategy. c. Rate Mitigation Fund As previously directed by Council, staff provides a report on the financial position of the GP&L Rate Mitigation Fund on a quarterly basis. As of March 31, 2010, the Fund had a book balance of $82 million. This balance includes all Council-approved transfers and all interest earnings since inception of the Fund.
Valspar Corporation Economic Development Incentive Paul Mayer, Chief Executive Officer of the Garland Chamber of Commerce, will brief Council on Valspar Corporation’s plans to invest $14 million for a 20,000 sq. ft. new building expansion and equipment upgrades. This investment will bring in over $97,000 annually to the City. The Garland Economic Development Partnership Steering Committee recommends that Council: 1) provide general support for the project; 2) support of a 75% City Tax Abatement on Real Estate Value and Business Personal Property Value on this new investment for 10 years (total of $636,356); and, 3) support of nomination for the Texas Enterprise Zone program (State Sales Tax Rebate – potential benefits of $675,000) by approving an ordinance at that May 18, 2010 Regular Meeting.
Texas Enterprise Zone Program Plastipak Packaging, Inc. Paul Mayer, Chief Executive Officer of the Garland Chamber of Commerce, will brief Council on Plastipak’s plans to invest $5 million in its facility and equipment improvements over the next five years. This investment will increase their Garland business personal property value by a total of $34,980. The Garland Economic Development Partnership Steering Committee recommends that Council provide support of nomination for the Texas Enterprise Zone Program. This item is scheduled for a public hearing and approval of an ordinance at the April 20, 2010 Regular Meeting.
GREAT Homes Program Update Staff will provide an update on the GREAT Homes Program.
Financial Update Staff will provide Council with a financial update.
City Manager’s 2010 Management Agenda Council will have an opportunity to discuss the City Manager’s 2010 Management Agenda.
Community Services Committee Report Mayor Pro Tem Laura Perkins Cox, Chair of the Community Services Committee, will provide a Committee report on the following items: • Breed Specific Enclosure Requirements • Detroit ROOF Program
2010 – 2011 CDBG, HOME, and ESG Budget Council is requested to provide direction regarding the allocations for funding the 2009/2010 CDBG, HOME, and ESG Budget.
4. Discuss Appointments to Boards and Commissions 5. Consider the Consent Agenda A member of the City Council may ask that an item on the consent agenda for the next regular meeting be pulled from the consent agenda and considered separate from the other consent agenda items. No substantive discussion of that item will take place at this time. 6. Announce Future Agenda Items A member of the City Council, with a second by another member, or the Mayor alone, may ask that an item be placed on a future agenda of the City Council or a committee of the City Council. No substantive discussion of that item will take place at this time.
Apr 19, 2010 City Council
Written Briefings: a. Neighborhood Vitality Matching Grant The Community Services Committee has reviewed the five Neighborhood Vitality applications submitted for consideration. Council is requested to approve funding for these projects contingent upon the applicants obtaining required permits and submittal of required project detail. If Council concurs, this item will be scheduled for formal consideration at the May 4, 2010 Regular Meeting. b. Portfolio Summary The Portfolio Summary is reported to Council each quarter. The report is in compliance with the requirements of the Public Funds Investment Act. Management of the City’s portfolios is conducted in accordance with City Council Policy FIN-06, Statement of Investment, and City Council Policy FIN-05, Statement of Investment Strategy. c. Rate Mitigation Fund As previously directed by Council, staff provides a report on the financial position of the GP&L Rate Mitigation Fund on a quarterly basis. As of March 31, 2010, the Fund had a book balance of $82 million. This balance includes all Council-approved transfers and all interest earnings since inception of the Fund.
Valspar Corporation Economic Development Incentive Paul Mayer, Chief Executive Officer of the Garland Chamber of Commerce, will brief Council on Valspar Corporation’s plans to invest $14 million for a 20,000 sq. ft. new building expansion and equipment upgrades. This investment will bring in over $97,000 annually to the City. The Garland Economic Development Partnership Steering Committee recommends that Council: 1) provide general support for the project; 2) support of a 75% City Tax Abatement on Real Estate Value and Business Personal Property Value on this new investment for 10 years (total of $636,356); and, 3) support of nomination for the Texas Enterprise Zone program (State Sales Tax Rebate – potential benefits of $675,000) by approving an ordinance at that May 18, 2010 Regular Meeting.
Texas Enterprise Zone Program Plastipak Packaging, Inc. Paul Mayer, Chief Executive Officer of the Garland Chamber of Commerce, will brief Council on Plastipak’s plans to invest $5 million in its facility and equipment improvements over the next five years. This investment will increase their Garland business personal property value by a total of $34,980. The Garland Economic Development Partnership Steering Committee recommends that Council provide support of nomination for the Texas Enterprise Zone Program. This item is scheduled for a public hearing and approval of an ordinance at the April 20, 2010 Regular Meeting.
GREAT Homes Program Update Staff will provide an update on the GREAT Homes Program.
Financial Update Staff will provide Council with a financial update.
City Manager’s 2010 Management Agenda Council will have an opportunity to discuss the City Manager’s 2010 Management Agenda.
Community Services Committee Report Mayor Pro Tem Laura Perkins Cox, Chair of the Community Services Committee, will provide a Committee report on the following items: • Breed Specific Enclosure Requirements • Detroit ROOF Program
2010 – 2011 CDBG, HOME, and ESG Budget Council is requested to provide direction regarding the allocations for funding the 2009/2010 CDBG, HOME, and ESG Budget.
4. Discuss Appointments to Boards and Commissions 5. Consider the Consent Agenda A member of the City Council may ask that an item on the consent agenda for the next regular meeting be pulled from the consent agenda and considered separate from the other consent agenda items. No substantive discussion of that item will take place at this time. 6. Announce Future Agenda Items A member of the City Council, with a second by another member, or the Mayor alone, may ask that an item be placed on a future agenda of the City Council or a committee of the City Council. No substantive discussion of that item will take place at this time.