BEGIN:VCALENDAR
VERSION:1.0
PRODID:-//DDay.iCal//NONSGML ddaysoftware.com//EN
BEGIN:VEVENT
CREATED:20091121T044402Z
DESCRIPTION:McArts Project NOTICE IS HEREBY GIVEN that the Development Corp
 oration of McAllen\, Inc. intends to participate in “Project”\, as defined
  in the Development Corporation Act of 1979\, as amended\, Texas Revised C
 ivil Statutes Annotated Article 5190.6\, including\, but not limited to\, 
 designing\, acquiring\, improving\, and operating “McArts Project”\, Adapt
 ive Reuse of Main Library Building\, 601 N. Main in the McAllen Arts Distr
 ict.  View Offical Notice  Presentation Slides Wi-Fi Technology NOTICE IS 
 HEREBY GIVEN that the Development Corporation of McAllen\, Inc. intends to
  participate in “Project”\, as defined in the Development Corporation Act 
 of 1979\, as amended\, Texas Revised Civil Statutes Annotated Article 5190
 .6\, including\, but not limited to\, designing\, acquiring\, improving\, 
 and operating “the Development of Broadband network that includes fiber an
 d Wi-Fi technology for public safety communication services and the McAlle
 n Community\, including a U.S. Department of Commerce-National Tele-commun
 ications and Information Administration Economic Stimulus grant applicatio
 n”.  View Official Notice  Grant Application Memo Embassy Suites Hotel NOT
 ICE IS HEREBY GIVEN that the Development Corporation of McAllen\, Inc. int
 ends to participate in “Project”\, as defined in the Development Corporati
 on Act of 1979\, as amended\, Texas Revised Civil Statutes Annotated Artic
 le 5190.6\, including\, but not limited to\, designing\, acquiring\, impro
 ving\, a project known as Convention Center Embassy Suites.” A 380 Loan Ap
 plication is being considered in order to aid in the financing of a 195-ro
 om full-service hotel adjacent to the Convention Center. Financial assista
 nce is estimated to be no greater than $3\,571\,750 of a $34\,000\,000 pro
 ject. The potential benefit to the City would be an increase in use of the
  Convention Center by national\, state and regional conventions\, an incre
 ase in revenue streams including property taxes\, hotel occupancy taxes\, 
 sales taxes and mixed beverage taxes as well as an increase in employment 
 opportunities via the estimated $1.3M payroll it is expected to generate. 
 Repayment of the 380 Loan is anticipated to be made from the revenue gener
 ated by the hotel project. A public hearing on the  View Official Notice  
 Loan Guarantee Executive Summary\n
DTEND:20090520T220000Z
DTSTAMP:20091121T044402Z
DTSTART:20090520T203000Z
DURATION:PT1H30M
LOCATION:1300 Houston Ave
SEQUENCE:0
SUMMARY:Public Hearing: Development Corporation
UID:b377ed2e-ad61-42dc-ba2a-53c487044cf2
END:VEVENT
END:VCALENDAR