HomeMy WebLinkAboutPR 21053: EDC, RESCINDING RESOLUTION NO. 19-160, SALE OF THREE ACRES Interoffice
MEMORANDUM
To: Mayor, City Council, Ci a ager
From: Floyd Batiste, CEO
Date: September 17,2019
Subject: P.R.No. 21053; Council Meeting of September 24, 2019
ATTACHED IS PROPOSED RESOLUTION NO. 21053
RESCINDING RESOLUTION NO. 19-160 IN ITS ENTIRETY
AS IT PERTAINS TO THE SALE OF THREE ACRES OF
LAND IN THE SPUR 93 BUSINESS PARK BY THE CITY OF
PORT ARTHUR SECTION 4A ECONOMIC DEVELOPMENT
CORPORATION TO KLV VENTURES, INC.
P. R. No. 21053
9/13/2019 KVM
RESOLUTION NO.
A RESOLUTION RESCINDING RESOLUTION NO. 19-160 IN
ITS ENTIRETY AS IT PERTAINS TO THE SALE OF THREE
ACRES OF LAND IN THE SPUR 93 BUSINESS PARK BY THE
CITY OF PORT ARTHUR SECTION 4A ECONOMIC
DEVELOPMENT CORPORATION TO KLV VENTURES, INC.
WHEREAS, per Resolution No. 19-160, the City Council of the City of Port Arthur
approved the City of Port Arthur Section 4A Economic Development Corporation ("PAEDC") to
enter into a Purchase Agreement with KLV Ventures, Inc. ("KLV") ; and
WHEREAS, KLV intended to purchase approximately three (3) acres of vacant land in
the Spur 93 Business Park in the City of Port Arthur for the purpose of the development of an
office and parking facilities for their transportation and logistics operations; and
WHEREAS, KLV has determined that three (3) acres of land is no longer necessary for
their operations; and
WHEREAS, the PAEDC Board of Directors at their regular Board meeting of September
9, 2019, agreed to rescind the Purchase Agreement with KLV Ventures, Inc. for three (3) acres of
land in the Spur 93 Business Park.
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 That Resolution 19-160 is rescinded in its entirety.
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
APPROV' ►:
I
Floyd Batiste, PAEDC CEO
APPRri , AS TO FORM:
GoCirAmy'
Guy N. Goodson, PAEDC Attorney
APPROVED AS TO FORM:
Valecia R. Tizeno, City Attorney
#1685763 Page 2