2013-033 RES APPROVING AND AUTHORIZING AN ECONOMIC INCENTIVE AGREEMENT BY AND BETWEEN THE CITY OF PARIS AND THE RED RIVER REGION BUSINESS INCUBATOR (3bi)

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RESOLUTION NO. 2013 -033 A RESOLUTION OF TH E TEXAS, APPROVING DEVELOPMENT GRANT REGION INCUBATOR, PROVISIONS RELATED EFFECTIVE DATE. CITY COUNCIL OF THE AND AUTHORIZING AGREEMENT WITH INC.; MAKING OTHER TO THE SUBJECT; AND CITY OF PARIS, AN ECONOMIC THE RED RIVER FINDINGS AND DECLARING AN WHEREAS, the mission of the Red River Region Business Incubator, is to improve the economic viability of new and emerging businesses by fostering entrepreneurial growth and enterprise development. The R3bi recruits, trains and mentors entrepreneurial talent to encourage the growth of sustainable businesses in the City of Paris and Lamar County, Texas; and, WHEREAS, the City Council of the City of Paris, Texas desires to enter into an Economic Development Grant Agreement with Red River Region Incubator (113bi), to provide partial funding to the organization for Fiscal Year 2013 -2014; and, WHEREAS, the City Council finds and determines that contracting with the Red River Region Incubator, Inc., (R3bi) will promote local economic development and stimulate business and commercial activity in the City of Paris, Texas. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PARIS, TEXAS: Section 1. That the findings set out in the preamble of this resolution are hereby in all things approved. Section 2. That the City Manager is hereby authorized to execute an Economic Development Grant Agreement, by and between the City of Paris and the Red River Region Business Incubator (R3bi), for the performance of certain specialized services as set out in said Agreement, a copy of which is attached hereto and incorporated herein as Exhibit "A ". Section 3. That this resolution shall be effective from and after the date of passage.