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HomeMy WebLinkAboutPR 15397: EDC - FUNDING TO SOUTHEAST TX ECONOMIC DEVELOPMENT FOUNDATIONinteroffice MEMORANDUM To: Mayor, City Council, and City Manager From: Floyd Batiste, CEO Date: July 22, 2009 Subject: P. R. No. 15397; Council Meeting of July 28, 2009 Attached is P. R. No. 15397 approving funding by the City of Port Arthur Section 4A Economic Development Corporation of $3,000, to the Southeast Texas Economic Development Foundation (SETEDF) for the assistance of the Regional Economic Development Initiative (REDI) to coordinate the Regional Economic Development Efforts for the Region of Hazdin, Jefferson, and Orange Counties. PR15364.memo P. R. No. 15397 July 23, 2009 RESOLUTION NO. A RESOLUTION APPROVING FUNDING BY THE CITY OF PORT ARTHUR SECTION 4A ECONOMIC DEVELOPMENT CORPORATION OF $3,000, TO THE SOUTHEAST TEXAS ECONOMIC DEVELOPMENT FOUNDATION (SETEDF) FOR THE ASSISTANCE OF THE REGIONAL ECONOMIC DEVELOPMENT INITATIVE (REDq TO COORDINATE THE REGIONAL ECONOMIC DEVELOPMENT EFFORTS FOR THE REGION OF HARDIN, JEFFERSON AND ORANGE COUNTIES. WHEREAS, the Ciry of Port Arthur Section 4A Economic Development Corporation (the "PAEDC") deems it is in the public interest to seek the assistance of the Regional Economic Development Initiative ("REDI") to coordinate the regional economic development efforts for the region of Hazdin, Jefferson and Orange Counties.; and WHEREAS, the REDI steering committee made up of local economic developers was. formed by SETEDF to determine the services needed and develop the structure of how these services wuld be provided for Southeast Texas; and WHEREAS, the overall effort of the REDI is aimed at maximizing and retaining employment and increasing incomes; and WHEREAS, the PAEDC at its July 13, 2009 Regulaz Board Meeting voted to fund REDI in the amount of $3,000; 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 aze true and correct. Section 2. That the PAEDC is herein authorized to assist in funding the Regional Economic Development Initiative in the amount of $3,000.00 for one yeaz. 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., 2009, at a Meeting of the City Council of the City of Port Arthur, Texas, by the following vote: AYES: Councilmembers NOES: DELORIS "BOBBIE" PRINCE, MAYOR ATTEST: TERRI HANKS, CITY SECRETARY APPROVED: FLOYD BATISTE, PAEDC CEO APPROVED AS TO FORM: ~~ a MARK T. SOK OW, CITY ATTORNEY (ON ~~aF 6F~ X707616 Page 2