HomeMy WebLinkAboutRes 21-34 approving an economic development agreement with the Marriott Dallas/Fort Forth WestlakeTOWN OF WESTLAKE
RESOLUTION 21-34
A RESOLUTION BY THE TOWN COUNCIL OF THE TOWN OF WESTLAKE, TEXAS,
APPROVING AN ECONOMIC DEVELOPMENT PROGRAM AGREEMENT WITH THE
MARRIOTT DALLAS/FORT WORTH WESTLAKE.
WHEREAS, the Westlake Town Council, in its current Strategic Plan, has identified
"Fiscal Responsibility" as a Vision Point as well as "Financial Stewardship" as a Perspective that
must be addressed to move the Town towards this Vision Point; and,
WHEREAS, the Town of Westlake sales and use taxes are an important revenue source to
support its general operations; and,
WHEREAS, the Town Council desires to have new and existing businesses that maintain
and grow their sales and use tax streams, which in turn, enhances the Town's financial position and
sustainability per its Strategic Plan; and
WHEREAS, the Town Council acknowledges that the Town's Visitors Association Fund is
a key component of its financial structure and that an economic development grant to the Marriott
Dallas/Fort Worth Westlake Hotel will help solidify and maintain that structure; and,
WHEREAS, Town has an updated economic development policy adopted by Resolution
16-30 and that this proposed economic development program agreement with the Marriott
Dallas/Fort Worth Westlake meetsthose policy guidelines and meets. the requirements of State law
for municipalities to grant 380 ' economic development grants to businesses located in their
boundaries; and
WHEREAS, the Town Council finds that the passage of this Resolution is in the best
interest of the citizens of Westlake.
NOW, THEREFORE, BE IT RESOLVED BY THE TOWN COUNCIL OF THE TOWN OF
WESTLAKE, TEXAS:
SECTION 1: THAT, all matters stated in the Recitals hereinabove are found to be true and
correct and are incorporated herein by reference as if copied in their entirety.
SECTION 2: THAT, the Town Council of the Town of Westlake, Texas, hereby approves
the Economic Development Program Agreement with the Marriott Dallas/Fort Worth Westlake.
attached hereto as Exhibit "A" and Hotel Support Program as Exhibit "B" and further authorizes the,
Town Manager to execute said agreement on behalf of the Town of Westlake.
Resolution 21-34
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SECTION 3: If any portion of this Resolution shall, for any reason, be declared invalid by
arty court of competent jurisdiction, such invalidity shall not affect the remaining provisions hereof
and the Council hereby determines that it would have adopted this Resolution without the invalid
provision.
SECTION 4: That this resolution shall become effective from and after its date of passage.
PASSED AND APPROVED ON THIS 25th DAY OF OCTOBER 2021.
ATTEST:
Todcf Wood, Town Secretary
APPROVEPIAS
L.
Attorney
Laura Wheat, Mayor
Amanda DeGan, Town Manager
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Resolution 2I-34
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