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HomeMy WebLinkAboutPR 21046: EDC B&B ICE, INC. Interoffice MEMORANDUM To: Mayor, City Council, City Manager From: Floyd Batiste, CEO .7,--, Date: September 17, 2019 Subject: P.R. No. 21046; Council Meeting of September 24, 2019 ATTACHED IS PROPOSED RESOLUTION NO. 21046, A RESOLUTION AMENDING RESOLUTION NO. 19-212 FOR THE SALE OF LAND BETWEEN THE CITY OF PORT ARTHUR SECTION 4A ECONOMIC DEVELOPMENT CORPORATION AND B&B ICE, INC. IN THE SPUR 93 BUSINESS PARK FROM TWO (2) ACRES TO 2.454 ACRES AT A COST OF$57,500 PER ACRE P.R. No. 21046 09/10/2019 FB RESOLUTION NO. A RESOLUTION AMENDING RESOLUTION NO. 19-212 FOR THE SALE OF LAND BETWEEN THE CITY OF PORT ARTHUR SECTION 4A ECONOMIC DEVELOPMENT CORPORATION AND B&B ICE, INC. IN THE SPUR 93 BUSINESS PARK FROM TWO (2) ACRES TO 2.454 ACRES AT A COST OF $57,500 PER ACRE WHEREAS, per Resolution 19-212, the City Council of the City of Port Arthur approved the sale of two (2) acres of land in the Spur 93 Business Park to B&B Ice, Inc.; and WHEREAS, prior to land closing, a survey of the subject property was conducted, and the survey indicated there was 2.454 acres of land; and WHEREAS, B&B Ice, Inc., agreed to purchase the additional 0.454 acre of property at $57,500 per acre as shown in Exhibit"A"; and WHEREAS, at their special Board meeting on September 9, 2019, the City of Port Arthur Section 4A Economic Development Corporation (the "PAEDC") Board of Directors agreed to sell the additional 0.454 acre of property to B&B Ice, Inc. in the amount of$141,105 pursuant of the Purchase Agreement attached as Exhibit "B" and made a part hereof for all purpose. 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 detailed in the proposal attached as Exhibit "B". Section 2. That the City Council of the City of Port Arthur hereby approves amending Resolution No. 19-212 to read 2.454 acres as detailed in the proposal attached as Exhibit"A". 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., 2019, at a Meeting of the City Council of the City of Port Arthur, Texas, by the following vote: AYES: Mayor Councilmembers , • NOES: . Thurman Bartie, Mayor ATTEST: Sherri Bellard, City Secretary APPROVED: ------- 1 i ill— al. ii-2„)..)&4_, Floyd Batiste,'AEDC E 1 #1685882 Page 2 APPROVE) 5 TO FORM: ce, codra,-1- _ Guy N. Goodson, PAEDC Attorney APPROVED AS TO FORM: Valecia R. 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