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MEMORANDUM
To=
From=
Subject:
Date=
Mayor, City Council, City Manager
Mark T. Sokolow City Attorney ~ ~
P. R. No. 12179; Council Meeting of April 29, 2003
April 25, 2003
Attached is P. R. No. 12179 authorizing the Port Arthur
Section 4A Economic Developmenn Corporation Executive Director to
execute a purchase agreement with Park Commercial Investors.
MTS/ts
Attachment
cc:
Director of Finance
Executive Director of EDC
VIA FACSIMILE (409) 724-7585
Jim Wimberley
VIA FACSIMILE (713) 615-$256
Frank McCreary
VINSON & ELKINS
VIA FACSIMILE (%09) 833-5125
Jim Hendricks
P. R. No. 12179
04/25/03 jb
RESOLUTION NO.
A RESOLUTION AUTHORIZING THE PORT ARTHUR
SECTION 4(A) ECONOMIC DEVELOPMENT
CORPORATION EXECUTIVE DIRECTOR TO EXECUTE
A PURCHASE AGREEMENT WITH PARK COMMERCIAL
INVESTORS
WHEREAS, the Port Arthur Section 4(A)
Development Corporation desires to enter into a
agreement with Park Commercial Investors; and
Economic
purchase
WHEREAS, the City Council desires to authorize that the
Executive Director of the Port Arthur Section 4(A) Economic
Development Corporation execute a purchase agreement with Park
Commercial Investors.
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 Executive Director is herein
authorized to execute a purchase agreement in substantially
the same form as attached hereto as Exhibit "A".
Section 3. That a copy of the caption of this
z .pr12179
Resolution be Spread upon the Minutes of the City Council.
READ, ADOPTED AND APPROVED on this __ day of
, A.D., 2003, at a Regular Meeting of the City
Council of the City of
vote: AYES: Mayor
Councilmembers
Port Arthur, Texas, by the following
NOES:
MAYOR
ATTEST:
CITY SECRETARY
APPROVED AS TO
CITY ATTOP-NEY
APPROVED FOR
FORM
ADMINISTRATION:
CITY MANAGER
APPROVED AS TO THE AVAILABILITY OF FUNDS
DIRECTOR OF FINANCE
z.pr12179
EXHIBIT
Purchasing Agreements are in the process of being negotiated.
They will be presented on or before the Council Meeting.