HomeMy WebLinkAboutPR 21339: AUTHORIZING EXECUTION OF A REPRESENTATIVE AGREEMENT P.R.No.21339
03/26/2020 dm/kd
RESOLUTION NO.
A RESOLUTION AUTHORIZING EXECUTION OF A REPRESENTATIVE
AGREEMENT
A RESOLUTION by the City Council of the City of Port Arthur,Texas(the"City")authorizing Thurman Bartie,the
Designated Representative of the City,to execute an agreement with the Texas Water Development Board for funding
in the amount of$60,560,000.
WHEREAS,the Texas Water Development Board made a commitment to provide financial assistance in the form of
a grant/loan/principal forgiveness in the amount of$60,560,000 to the City to finance a water/wastewater system
project upon execution of a loan/grant/principal forgiveness agreement; now therefore
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PORT ARTHUR:
SECTION 1. Approval of Agreement. The agreement setting out the terms and conditions of the financial
assistance between the Texas Water Development Board and the City is approved and the City's Designated
Representative is authorized to execute the agreement on behalf of the City.
SECTION 2. Effective Date. This Resolution shall become effectively immediately after its adoption.
READ, ADOPTED AND APPROVED on this 3155 day of March, A.D., 2020, at a Regular Meeting of the City
Council of the City of Port Arthur,Texas, by the following vote: AYES:
Mayor:
Councilmembers:
NOES:
Thurman Bill Bartie, Mayor
ATTEST:
Sherri Bellard, City Secretary
(Seal)
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P.R.No.21339
03/26/2020 dm/kd
APPROVED AS TO FORM:
Valecia R.Tizeno, City Attorney
APPROVED FOR ADMINISTRATION:
Ronald Burton, City Manager
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