HomeMy WebLinkAboutResolution No. 2015-029CITY OF THE COLONY, TEXAS
RESOLUTION NO. 2015- 6�
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF THE
COLONY, TEXAS, OPPOSING SENATE BILLS 434 AND 558 AND ANY
OTHER LEGISLATION WHICH WOULD ERODE THE AUTHORITY
OF GOVERNMENTAL BODIES TO EFFECTIVELY ENGAGE IN
ECONOMIC DEVELOPINIENT NEGOTIATIONS WITH BUSINESS
PROSPECTS; PROVIDING FOR AN IMMEDIATE EFFECTIVE DATE.
WHEREAS, Senate Bill 434 proposes the repeal of the executive session exception to
the Texas Open Meetings Act chapter 551 of the Texas Government code, for economic
development discussions'. and
WHEREAS, Senate Bill 558, in part., proposes the repeal of the exception to disclosure
of information for economic development discussions under the Texas Public Information Act,
chapter 552 of the Texas Government Code; and
WHEREAS, the City Council for the City of The Colony, Texas, recently utilized both
economic development provisions for the Nebraska Furniture Mart of Texas retail project located
within the City of The Colony. Texas: and
WHEREAS, the Nebraska Furniture Mart of Texas retail project is a subsidiary of
Berk -shire Hathaway. and
WHEREAS, recently on February's, 2015, in a Fox Business Network interview Warren
Buffet with Berkshire Hathaway indicated his belief the Nebraska Furniture Mart of Texas retail
store would generate Sl billion dollars in annual sales: and
WHEREAS, the State of Texas recei\,es 6.25 percent in sales tax revenue for every SI
dollar in sales; and
WHEREAS, 8I billion dollars in annual sales would generate $62,500.1000.00 in annual
sales tax revenue for the State of Texas; and
WHEREAS, neither Senate Bill 434 nor Senate Bill 558 currently has a fiscal note
attached to either bill, and
WHEREAS. the City Council for the City of The Colony, Texas, believes the Texas
Legislature has 62,500,0,00 reasons why they should not pass either bill. moreover a fiscal note
should be attached to both bills.
NO'"', THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL GFTHE
CITY GF THE COLONY, TEXAS THAT:
SECTION 1. The City Council of the City of The Colony strongly opposes Senate Bill
434 (2015) and Senate Bill 558 (2015) and any legislation that would erode the ability of
governmental bodies to engage in economic development negotiations.
SECTION 2. This opposition to Senate Bill 434 (2015) and Senate Bill 558 (2015) and
similar legislation be communicated to members of the Texas Legislature and the Texas
Governor's office.
SECTION 3. This Resolution shall become effective from and after its date of passage in
accordance with law'.
PASSED AND APPROVED, BY THE CITY COUNCIL OF THE CITY OF THE
COLONY, TEXAS, THIS 17t" day of INIARCH, 2015.
ATTEST:
Christie' Wilson, Citv Secretary
L11112 2 z 811MIM2116111M t'A&
ty Attorney
J,6'e McCouiTv. Mayor