HomeMy WebLinkAboutPR 19331: EDC PRICE PER ACR FOR 141 ACRES OFF JADE AVENUE IN THE BUSINESS PARK Interoffice
MEMORANDUM
To: Mayor, City Council, City Manager
From: Floyd Batiste, CEO
Date: March 14, 2016
Subject: P. R. No. 19331; Council Meeting of March 22, 2016
ATTACHED IS PROPOSED RESOLUTION 19331
AUTHORIZING THE CITY OF PORT ARTHUR SECTION
4A ECONOMIC DEVELOPMENT CORPORATION TO
ESTABLISH A PRICE PER ACRE FOR THE ADDITIONAL
141 ACRES ACQUIRED OFF JADE AVENUE IN THE
BUSINESS PARK LOCATED AT 9555 W. PORT ARTHUR
ROAD AT $35,200.00 PER ACRE
P. R. No. 19331
03/10/2016 KVM
RESOLUTION NO.
A RESOLUTION AUTHORIZING THE CITY OF PORT
ARTHUR SECTION 4A ECONOMIC DEVELOPMENT
CORPORATION TO ESTABLISH A PRICE PER ACRE FOR
THE ADDITIONAL 141 ACRES ACQUIRED OFF JADE
AVENUE IN THE BUSINESS PARK LOCATED AT 9555 W.
PORT ARTHUR ROAD AT $35,200.00 PER ACRE
WHEREAS, per Resolution 16-009, the City Council of the City of Port Arthur (the
"Council") approved the City of Port Arthur Section 4A Economic Development Corporation
("PAEDC") purchasing a 141-acre tract adjacent to the Spur 93 Business Park for positive future
economic growth and new business expansion for the City of Port Arthur; and
WHEREAS, the acquired land has no developed infrastructure at this time; and
WHEREAS, the PAEDC, at their regular Board meeting on March 7, 2016, approved
establishing a current price on the acquired land of$35,200.00 per acre to be sold "as is" to any
prospective tenants.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF PORT ARTHUR:
Section 1. That the facts and opinions in the preamble are true and correct.
Section 2. That the City Council approves the sales price per acre for the acquired 141
acres adjacent to the Business Park as $35,200.00 per acre.
Section 3. That a copy of this Resolution shall be spread upon the Minutes of the City
Council.
READ, ADOPTED AND APPROVED on this day of A.D., 2016,
at a Meeting of the City Council of the City of Port Arthur, Texas, by the following vote:
AYES:
Mayor ,
Councilmembers ,
NOES: .
Deloris "Bobbie" Prince, Mayor
ATTEST:
Sherri Bellard, City Secretary
APPROVED:
Floyd Batiste, PAEDC CEO
APPRO ED oy FORM:
/I)
Guy N. Goodson, PAEDC Attorney
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r V
APPROVED AS TO FORM:
Valecia R. f no, C'""—Attor
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