Presenter/Contact
Presenter
Victor Garza, Economic Development Manager
Contact Info
(830) 221-4621 - vgarza@nbtexas.org
Subject Header
SUBJECT:
Title
Discuss and consider approval of a resolution recommended by the New Braunfels Industrial Development Corporation for proposed changes to its bylaws to include renaming the corporation to the New Braunfels Economic Development Corporation, revising the duties of the secretary, and additional proposed changes.
Body
BACKGROUND / RATIONALE:
There are currently a total of 736 Type A (221) and Type B (515) corporations in the state of Texas collecting sales tax for some form of economic development. Of those, only 32 Type A (14.5%) and 10 Type B (1.9%) have the word “Industrial” in their legal name and most are in very small towns. The name change will allow for greater ease and name recognition in marketing efforts of the city and for search engine optimization. The Chamber of Commerce requested the name change.
Additional changes include correction of minor grammatical errors, update of addresses, and to clarification of the duties of the corporate secretary. The changes are provided in a red line version for Council’s review.
ADDRESSES A NEED/ISSUE IN A CITY PLAN OR COUNCIL PRIORITY:
N/A
FISCAL IMPACT:
None
Recommendation
COMMITTEE RECOMMENDATION:
The NBIDC approved the changes 7-0 on March 29, 2018.
STAFF RECOMMENDATION:
Staff recommends approval of the resolution.