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HomeMy WebLinkAboutPR 20115: EDC, (SETEDF) 4-City ort tlur Interoffice areino Mayor, City Council, City Manager rmm: Floyd Batiste 9.- j2) ate: February 13, 2018 etg: P. R. No. 20115; Council Meeting on February 27, 2018 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 P.R. No. 20115 02/13/18 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 is made up of local economic developers and was formed by Southeast Texas Economic Development Foundation ("SETEDF") to determine the services needed and develop 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 in the Hardin, Jefferson and Orange County area; and WHEREAS, PAEDC, at its February 12, 2018 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. r ' 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 be spread upon the Minutes of the City Council. READ, ADOPTED AND APPROVED on this day of A.D., 2018, 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: i Floyd Batiste,'AEDC CEO #1477232 Page 2 APPROVED AS TO FORM: Guy N. Goodson, PAEDC Attorney APPROVED AS TO FORM: Vii/e1( 44/0 Valecia R. Tize , City Attorney APPROVED AS TO AVAILABILITY OF FUNDS: A A Andrew A. Vasquez, Director of Finance #1477232 Page 3 Exhibit "A " ,� SU T EAST T EXA Invoice FI:UNIIMI{. DIVII0P+12N7 FOUNDATION 2210 Eastex Freeway 1.23.18 Beaumont, Tx 77703 Bill To: Floyd Batiste Port Arthur EDC 501 Proctor Street Port Arthur, TX 77640 DESCRIPTION AMOUNT RED! Contribution FY 2017-2018 $ 5,000.00 Total $ 5,000.00 Make all checks payable to Southeast Texas Economic Development Foundation If you have questions concerning this invoice, contact Cheryl Kizer at 409.924.7544 or ckizer@setedf.org