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MEMORANDUM
To: Mayor, City Council, City Manager
From: Floyd Batiste, CEO
Date: March 20, 2017
Subject: P. R.No. 19712; Council Meeting of March 28, 2017
ATTACHED IS PROPOSED RESOLUTION NO. 19712
AUTHORIZING THE SECOND RENEWAL OF THE PORT
ARTHUR 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. 19712
03/15/2017 RAJ
RESOLUTION NO.
A RESOLUTION AUTHORIZING THE SECOND 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 IN AN AMOUNT NOT TO EXCEED
$15,000; FUNDS AVAILABLE IN EDC ACCOUNT NO. 120-1429-582.82-00
WHEREAS, pursuant to Resolution No. 15-137, the City of Port Arthur Section 4A
Economic Development Corporation("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;
and
WHEREAS,pursuant to Resolution No. 16-078, the PAEDC Board of Directors approved
the first renewal of the Contract between PAEDC and Hayes Real Estate for an additional one-year
period; and
WHEREAS, on March 13, 2017, the PAEDC Board of Directors approved the second
renewal of the Contract between PAEDC and Hayes Real Estate for an additional one-year period at
an amount not to exceed $1,250 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 second 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 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.,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:
440
Floyd Batiste, AEDC CEO
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APPRO ED AS TO FORM:
s `1
Guy N. Goodson, PAEDC Attorn
APPROVED AS TO FORM: APPROVED AS TO AVAILABILITY OF FUNDS:
Nal
Valecia R.=City City Attorney Rosie Vela, Interim Finance Director
AGREED TO:
Hayes Real Estate
By:
Print Name:
Title:
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