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HomeMy WebLinkAboutPR 19711: EDC SETEDF ASSISTANCE OF THE REDI COORDINATE DEVELOPMENT EFFORTS FOR THE REGION OF HARDIN, JEFFERSON AND ORANGE COUNTIES tit/ofi.ort thur IterofficeQ°emo Mayor, City Council, City Manager prom: Floyd Batiste —J -- cbate. March 14, 2017 tg: P. R. No. 19711; Council Meeting on March 28, 2017 A RESOLUTION APPROVING FUNDING OF$5,000 FROM THE CITY OF PORT ARTHUR SECTION 4A ECONOMIC DEVELOPMENT CORPORATION TO THE SOUTHEAST TEXAS ECONOMIC DEVELOPMENT FOUNDATION (SETEDF) FOR THE ASSISTANCE OF THE REGIONAL ECONOMIC DEVELOPMENT INITIATIVE (REDI) TO COORDINATE THE REGIONAL ECONOMIC DEVELOPMENT EFFORTS FOR THE REGION OF HARDIN, JEFFERSON AND ORANGE COUNTIES(ACCOUNT NO. 120-1429-582.59-05) P.R. No. 19711 03/14/17 RML RESOLUTION NO. A RESOLUTION APPROVING FUNDING OF $5,000 FROM THE CITY OF PORT ARTHUR SECTION 4A ECONOMIC DEVELOPMENT CORPORATION TO THE SOUTHEAST TEXAS ECONOMIC DEVELOPMENT FOUNDATION (SETEDF) FOR THE ASSISTANCE OF THE REGIONAL ECONOMIC DEVELOPMENT INITIATIVE (REDI) TO COORDINATE THE REGIONAL ECONOMIC DEVELOPMENT EFFORTS FOR THE REGION OF HARDIN, JEFFERSON AND ORANGE COUNTIES (ACCOUNT NO. 120-1429-582.59-05) WHEREAS, the City of Port Arthur Section 4A Economic Development Corporation ("PAEDC") deems it is in the public interest to seek the assistance of the Regional Economic Development Initiative ("REDI") to coordinate the regional economic development efforts for the region of Hardin, Jefferson and Orange Counties; and WHEREAS, the REDI steering committee made up of local economic developers was formed by SETEDF to determine the services needed and develop of the structure of how these services could be provided for Southeast Texas; and WHEREAS, the overall effort of REDI is aimed at maximizing and retaining employment and increasing incomes; and WHEREAS, PAEDC at its March 13, 2017 Board meeting voted to fund REDI in the amount of$5,000 as denoted in Exhibit"A". NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PORT ARTHUR, TEXAS: Section 1. That the facts and opinions in the preamble are true and correct. Section 2. That PAEDC is herein authorized to assist in funding the Regional Economic Development Initiative in the amount of$5,000 for one year. Section 3. That a copy of the caption of this Resolution shall be spread upon the Minutes of the City Council. READ, ADOPTED AND APPROVED on this day of A.D., 2017, at a Meeting of the City Council of the City of Port Arthur, Texas, by the following vote: AYES: Mayor Councilmembers NOES: Derrick Freeman, Mayor ATTEST: Sherri Bellard, City Secretary APPROVED: • / / Floyd Batiste, '4AEDC EO APPROV_D • I FORM: Guy N. Goodson, PAEDC Attorney #1370976 Page 2 APPROVED AS TO FORM: 1 / , Vaiecia R. T. eno, C ttorney APPROVED AS TO AVAILABILITY OF FUNDS: Rosie Vela, Interim Director of Finance #1370976 Page 3 Exhibit "A " i," SOUTHEAST Tr E X A S ' CONOMIC DEVELOPMENT F O U N D A T I O N 2210 Eastex Freeway DATE: 1.20.17 Beaumont, TX. 77703 INVOICE# 17-102 Phone 409.924.7544 Bill To: Port Arthur EDC Attn: Floyd Batiste P.O. Box 3934 Port Arthur,Tx. 77642 DESCRIPTION AMOUNT REDI Contribution- FY Oct. 2016 to Sept. 2017 5,000.00 TOTAL $ 5,000.00 M Make all checks payable to Southeast Texas Economic Development Foundation If you have any questions concerning this invoice, contact Cheryl Kizer at 409.924.7544 or ckizer@setedf.org. THANK YOU !