HomeMy WebLinkAboutPR 21756: EDC RESCINDING RESOLUTON NO. 19-382 IN ITS ENTIRETY Interoffice
MEMORANDUM
To: Mayor, City Council, City Manager
From: Floyd Batiste, CEO ,
Date: January 26, 2021
Subject: P.R. No. 21756; Council Meeting of February 2, 2021
ATTACHED IS PROPOSED RESOLUTION NO. 21756
RESCINDING RESOLUTION NO. 19-382 IN ITS ENTIRETY
AS IT PERTAINS TO THE APPROVAL OF A GROUND
LEASE BETWEEN THE CITY OF PORT ARTHUR SECTION
4A ECONOMIC DEVELOPMENT CORPORATION AND
MOTIVA ENTERPRISES, LLC
P. R. No. 21756
1/25/2021 KVM
RESOLUTION NO.
A RESOLUTION RESCINDING RESOLUTION NO. 19-382 IN
ITS ENTIRETY AS IT PERTAINS TO THE APPROVAL OF A
GROUND LEASE BETWEEN THE CITY OF PORT ARTHUR
SECTION 4A ECONOMIC DEVELOPMENT CORPORATION
AND MOTIVA ENTERPRISES, LLC
WHEREAS, per Resolution No. 19-382, 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 Ground Lease Agreement with Motiva Enterprises, LLC ("Motiva"); and
WHEREAS,Motiva intended to lease approximately 91.7 acres of land in the Jade Avenue
Business Park for 51 months; and
WHEREAS, the Ground Lease Agreement has reached the end of its feasibility period,
and the Agreement was not executed; and
WHEREAS,the PAEDC Board of Directors at their regular Board meeting of January 12,
2021 agreed to rescind the Ground Lease Agreement with Motiva Enterprises, LLC.
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 That Resolution 19-382 is rescinded in its entirety.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., 2021,
at a Meeting of the City Council of the City of Port Arthur, Texas, by the following vote: AYES:
Mayor
Councilmembers
NOES:
Thurman Bartle, Mayor
ATTEST:
Sherri Bellard, City Secretary
APPROVED:
Floyd B iste, PAEDC CEO
APPROV S T FORM:
Guy N. Goodson, PAEDC Attorney
APPROVED AS TO FORM:
1rd
Valecia R.j
o, ty ttorney
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