HomeMy WebLinkAboutPR 22344: AMENDING RESOLUTION NO. 19-526, EDC PR. No. 22344
01/27/22 vrt
RESOLUTION NO.
A RESOLUTION AMENDING RESOLUTION NO. 19-526 AS IT
PERTAINS TO A PURCHASE AGREEMENT BETWEEN THE
CITY OF PORT ARTHUR SECTION 4A ECONOMIC
DEVELOPMENT CORPORATION AND NDC HOUSING AND
ECONOMIC DEVELOPMENT CORPORATION, INC., A NEW
YORK CORPORATION FOR PROPERTY LOCATED AT 4TH
STREET BETWEEN MOBILE AND SHREVEPORT AVENUES.
WHEREAS, pursuant to Resolution No. 19-526, the City of Port Arthur Section 4A
Economic Development Corporation ("PAEDC") and NDC Housing and Economic
Development Corporation, Inc., a New York Corporation, entered into a Purchase Agreement on
December 18, 2019 for the purchase of approximately 3 acres of vacant land located on 4th Street
at Mobile and Shreveport Avenues in the City of Port Arthur for the purpose of development and
building townhomes and condominiums; and
WHEREAS, at their January 11, 2022, Regular Meeting, the PAEDC Board of Directors
approved the revision of agreement approved by Resolution 19-526 to reflect the development of
apartments and remove the word condominiums from the resolution and accompanying
agreement. It is hereby requested that the City Council authorize the amendment of the
resolution to reflect the intent of the PAEDC Board of Directors.
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 agrees to amend Resolution No. 19-526 to
reflect the aforementioned decision of the Board as it pertains to the development of townhomes
and apartments.
Section 3. That a copy of the caption be spread upon the minutes of the City Council.
READ, ADOPTED AND APPROVED on this day of A.D., 2022,
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:
George Davis, Interim PAEDC CEO
APPROVED AS TO FORM:
Frank Garza, PAEDC Attorney
Val R. Tizeno, City Attorney
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