HomeMy WebLinkAboutPR 19935: EDC GRANT FOR REHAILITATION AND REVITALIZATION OF BUILDING IN OUR BLIGHTED DOWNTOWN ARE AS A SMALL BUSINESS INCUBATOR Interoffice
MEMORANDUM
To: Mayor, City Council, City Manager
From: Floyd Batiste, CEO—
Date: March 12, 2018
Subject: P. R. No. 19935; Council Meeting of March 27, 2018
ATTACHED IS PROPOSED RESOLUTION NO. 19935, A
RESOLUTION AUTHORIZING THE CITY OF PORT ARTHUR
SECTION 4A ECONOMIC DEVELOPMENT CORPORATION
TO SUBMIT AN APPLICATION TO THE ECONOMIC
DEVELOPMENT ADMINISTRATION FOR A GRANT FOR
REHABILITATION AND REVITALIZATION OF AN EXISTING
BUILDING IN OUR BLIGHTED DOWNTOWN AREA AS A
SMALL BUSINESS INCUBATOR
P. R. No. 19935
3/06/2018
RESOLUTION NO.
A RESOLUTION AUTHORIZING THE CITY OF PORT
ARTHUR SECTION 4A ECONOMIC DEVELOPMENT
CORPORATION TO SUBMIT AN APPLICATION TO THE
ECONOMIC DEVELOPMENT ADMINISTRATION FOR A
GRANT FOR REHABILITATION AND REVITALIZATION OF
AN EXISTING BUILDING IN OUR BLIGHTED DOWNTOWN
AREA AS A SMALL BUSINESS INCUBATOR
WHEREAS, the City of Port Arthur Section 4A Economic Development Corporation
("PAEDC") is a non-profit organization whose mission is to foster community revitalization; and
WHEREAS, to help facilitate its goals, PAEDC requests to submit an application for
grant funding in the amount of $5,000,000 to the Economic Development Administration
("EDA")which will require matching funds of$1,000,000; and
WHEREAS, PAEDC will use the grant funds to secure and rehabilitate an existing
facility which is located in a blighted area of downtown Port Arthur to provide office lease space
to small, existing and expanding businesses; and
WHEREAS, the PAEDC Board of Directors, at their regular Board meeting of March 5,
2018, deemed it in the best interest of the citizens of Port Arthur to submit the grant application
to EDA.
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 submit an application for grant funding
to the Economic Development Administration to secure and rehabilitate an existing facility
which is located in a blighted area of downtown Port Arthur.
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., 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:
Floyd Bat ste, PA C CEO
APPROVE S TO ORM:
Guy N. Goodson, PAEDC Attorney
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APPROVED AS TO FORM:
Valecia R. Tiz1/a-, 14f/L---d
it ney
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