HomeMy WebLinkAboutPR 19330: EDC, COMMERCIAL LEASING AND PROPERTY MANAGEMENT SERVICES OF 501 PROCTER STREET Interoffice
MEMORANDUM
To: Mayor, City Council, City Manager
From: Floyd Batiste, CEO
Date: March 14, 2016
Subject: P. R. No. 19330; Council Meeting of March 22, 2016
ATTACHED IS PROPOSED RESOLUTION 19330
AUTHORIZING THE FIRST RENEWAL OF THE CITY OF
PORT ARTHUR SECTION 4A ECONOMIC DEVELOPMENT
CORPORATION'S CONTRACT WITH HAYES REAL
ESTATE FOR THE COMMERCIAL LEASING AND
PROPERTY MANAGEMENT SERVICES OF 501 PROCTER
STREET IN PORT ARTHUR, TEXAS FOR AN ADDITIONAL
ONE—YEAR PERIOD
P.R. No. 19330
03/11/2016 KVM
RESOLUTION NO.
A RESOLUTION AUTHORIZING THE FIRST RENEWAL OF THE CITY
OF PORT ARTHUR SECTION 4A ECONOMIC DEVELOPMENT
CORPORATION'S CONTRACT WITH HAYES REAL ESTATE FOR THE
COMMERCIAL LEASING AND PROPERTY MANAGEMENT SERVICES
OF 501 PROCTER STREET IN PORT ARTHUR, TEXAS FOR AN
ADDITIONAL ONE-YEAR PERIOD
WHEREAS, pursuant to Resolution No. 15-137, the City of Port Arthur Section 4A
Economic Development Corporation(the"PAEDC")entered into a one-year contract with the option
to renew for three(3)additional one-year periods,with Hayes Real Estate of Port Arthur,Texas,for
commercial leasing and property management services for the property located at 501 Procter Street
(the "Contract"); and,
WHEREAS,on March 7,2016,the PAEDC Board of Directors approved the first renewal of
the Contract between PAEDC and Hayes Real Estate for an additional one-year period at an amount
not to exceed $1,250.00 per month.
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 City Council hereby approves the first renewal of the Contract with
Hayes Real Estate of Port Arthur,Texas,for commercial leasing and property management services
for the property at 501 Procter Street at an amount not to exceed $1,250.00 per month for an
additional one-year period.
Section 3. That an authorized agent of Hayes Real Estate will sign this Resolution
agreeing to the terms thereof.
Section 4. 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., 2015,
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
APPROVED AS ►O F•RM:
AMA
Guy N. Goodson, PAEDC Attor •y
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.
APPROVED AS TO FORM:
Valecia R. Tizeno, City Attorney
AGREED TO:
Hayes Real Estate
By:
Print Name:
Title:
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