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HomeMy WebLinkAboutPR 12170:EDC - SUN NLFinteroffice MEMORANDUM To: From: Subject: Date= Mayor, City Council, City Manager Mark T. Sokolow City Attorney f~ P. R. No. 12170; Council Meeting of April April 25, 2003 29, 2003 Attached is P. R. No. 12170 authorizing the Port Arthur Section 4A Economic Developmenn Corporation Executive Director to execute a purchase agreement with Sun NLF, a Limited Partnership. MTS/ts Attachment CC: Director of Finance Executive Director of EDC VIA FACSIMILE (409) 724-7585 Jim Wimberley VIA FACSIMILE (713) 615-5256 Frank McCreary VINSON & ELKINS VIA FACSIMILE (409) 833-5125 Jim Hendricks P. R. No. 12170 04/25/03 ts RESOLUTION NO. A RESOLUTION AUTHORIZING THE PORT ARTHUR SECTION 4(A) ECONOMIC DEVELOPMENT CORPOP. ATION EXECUTIVE DIRECTOR TO EXECUTE A PURCHASE AGREEMENT WITH SUN NLF, A LIMITED PARTNERSHIP WHEREAS, the Port Development Corporation agreement with Sun NLF, Arthur Section desires to enter into Limited Partnership; and 4(A) Economic a purchase WHEREAS, the City Council desires to authorize Executive Director of the Port Arthur Section 4(A) that the Economic Development Corporation execute a purchase agreement with Sun NLF, Limited Partnership. NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE That are true and correct. Section 2. That authorized to execute a the same form as Section 3. ARTHUR, TEXAS: the facts and opinions CITY OF PORT Section 1. the preamble the Executive Director is herein purchase agreement in substantially attached hereto as Exhibit That a copy of the caption of this Resolution be spread upon the Minutes of the city Council. day of READ, ADOPTED AND APPROVED on this , A.D., 2003, at a Regular Meeting of Council of the City of Port Arthur, Texas, by the vote: AYES: Mayor councilmembers the City following ; NOES: MAYOR ATTEST: CITY SECRETARY APPROVED AS TO FORM: CITY ATTOR/gEY APPROVED FOR ADMINISTP~TION: CITY MANAGER APPROVED AS TO THE AVAILABILITY OF FunDS DIRECTOR OF FINANCE EXHIBIT "A" Purchasing Agreements are in the process of being negotiated. They will be presented on or before the Council Meeting.