HomeMy WebLinkAboutPR 21601: AUTHORIZING A TAX ABATMENT AGREEMENT WITH PORT ARTHUR TERMINALS, LLC P.R. No. 21601
09/22/20 ht
RESOLUTION NO.
A RESOLUTION AS IT PERTAINS TO AUTHORIZING THE
CITY MANAGER OF THE CITY OF PORT ARTHUR TO
EXECUTE A TAX ABATEMENT AGREEMENT WITH PORT
ARTHUR TERMINALS, LLC, A SUBSIDIARY OF US
DEVELOPMENT GROUP, LLC.
WHEREAS, the City Council of the City of Port Arthur deems it
in the best interest of the citizens of Port Arthur to enter into a
tax abatement agreement with Port Arthur Terminals, LLC, a
subsidiary of US Development Group, LLC for the development of a
new prototype facility to process Canadian tar sands utilizing
their patented DRUbit' technology process .
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 the City Council hereby authorizes the
City Manager to execute on behalf of the City of Port Arthur a tax
abatement agreement with Port Arthur Terminals, LLC, a subsidiary
of US Development Group, LLC, in substantially the same form as
attached hereto 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. , 2020 , at a 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
APPROVED AS TO FORM:
IN
VALECIA R. TIZENO,
CITY ATTORNEY
APPROVED FOR ADMINISTRATION:
RON BURTON,
CITY MANAGER
•
EXHIBIT "A"
(TO BE PRESENTED
AT OR BEFORE
THE COUNCIL MEETING)