Consider and take action on Resolution No. 15-01, approving the funding of improvements to the Galveston County Food Bank Building.
 

The purpose of the Public Facilities Corporation as stated in its incorporation document is to "enhance the welfare and/or prosperity of the citizens of the City (Texas City, Texas) and State of Texas through the acquisition, financing, construction, equipping, operation, and/or leasing, on behalf of the City, of facilities that promote or encourage economic, civic, social, and/or educational development or expansion."  The Food Bank property is owned by the Texas City Historical Preservation Corporation which has little to no reserve funds, nor generate funds to be able to perform the work.  The Public Facilities Corporation has over $380,000 in fund balance.  The work to be performed would be the construction of awnings, construction of some patch work on the exterior to and paint to "hide" the patch, construction of signs and covers for the air conditioning units located on the front of the building. Currently, we have an estimated cost of $2,800 for awnings, $2112 for marblecrete patching, $1,380 for paint, $4,000 for AC unit covers/signs, and $500 for additional signage. Approval is sought for a total not to exceed $11,000 for said expenses.