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Moody council approves development agreement and certificate of indebtedness for Wharf Casual Seafood
Summary
On Sept. 11 the council approved two resolutions tied to a development agreement with Wharf Casual Seafood Moody, Inc., including a certificate of indebtedness; both votes were recorded as unanimous.
The Moody City Council voted on Sept. 11 to approve a Project Development Agreement with Wharf Casual Seafood Moody, Inc., and a related Certificate of Indebtedness for the proposed use of the former Ruby Tuesday building.
Mayor Joe Lee opened a public hearing on the proposed development agreement; no members of the public testified at the hearing. Council Member Linda Crowe moved to approve Resolution R2023-09-11 (the Project Development Agreement), and Council Member Matt Morris seconded; the transcript records all present voted AYE and the motion carried by unanimous vote. Council Member Linda Crowe then moved to approve Resolution R2023-09-11A (the Certificate of Indebtedness), seconded by Council Member Nick Rutledge; that motion also carried by unanimous vote.
The resolutions authorize the city to enter the project agreement with Wharf Casual Seafood Moody, Inc. and to issue a certificate of indebtedness evidencing the city’s obligations described in the agreement. The council’s recorded actions on Sept. 11 move the project forward administratively; the transcript does not include contract text or dollar amounts tied to the certificate of indebtedness.
The council also earlier held a separate public hearing on the same development agreement; that hearing closed with no public comment.
