HomeMy WebLinkAboutPR 15399: CRYSTAL SEAFOOD COMPANY - WATER ACCOUNTMemorandum
City of Port Arthur, Texas
Finance Department
To: Steve Fitzgibbons, City Manager
From: Deborah Echols, Director of Finance
Date: July 23, 2009
Subject: Proposed Resolution 15399
Crystal Seafood Company (formerly Titan Seafood) has a very large water, sewer and garbage bill
($66,793.20) which they have agreed to pay over time.
Crystal Seafood has paid $12,000, and monthly payments will be $4,566.10 over 12 months with 0%
interest.
Z:\FinanceU2esolutionslCrystal Seafood Agreementdoc
P. R. NO. 15399
JJA: 07/23/09
RESOLUTION NO.
A RESOLUTION AUTHORIZING THE EXECUTION OF A
PAYMENT AGREEMENT BETWEEN THE CITY OF PORT
ARTHUR AND CRYSTAL SEAFOOD COMPANY ACCOUNT
NUMBER 86307-58172
WHEREAS, Crystal Seafood owed $66,793.20 in water, sewer and garbage bills; and
WHEREAS, Crystal Seafood has paid 512,000 down and requested a one year note to pay the
remaining $54,793.20 with no interest.
NOW THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
PORT ARTHUR:
Section 1. That, the Payment Agreement as detailed in the attached Exhibit "A" is herein
approved.
Section 2. That Crystal Seafood representative acknowledges and agrees to the terms of this
agreement by signing this resolution.
Section 3. That, a copy of the caption of the Resolution shall be spread upon the
Minutes of the Meeting of the City Council.
READ, ADOPTED, AND APPROVED, this day of July, 2009, AD, at a Regular
Meeting of the City Council of the City of Port Arthur, Texas by the following vote:
AYES: Mayor:
NOES:
Mayor
ATTEST:
Tem Hanks, City Secretary
Z.1FinanceVtesolutionslCrystal Seafood Agreementdoc
APPROVED AS TO FORM:
~~ ~.~ A
Mark Sokolo ,City Attorney
CON BE/tAt~ OF)
APPROVED FOR ADMINISTRATION:
Steve Fitzgibbons, City Manager
Deborah Echols, Finan e Director
AGREED TO:
Hoang-Oanh Tran -Crystal Seafood
Z:\Finance\Resolutions\Crystal Seafood Agreemencdoc
Exhibit "A"
Z:1Finance\Resolutions\Crystal Seafood Agrcemen[.doc
AGREEMENT FOR THE INSTALLMENT PAYMENT OF
DELINQUENT WATER, SEWER AND GARBAGE BILLS
Name
Address
Hoan2-Oanh Tran - Crystal Seafood
3931 S. Martin Luther King Jr. Dr. Home Phone # 409-983-4334
Account Balance $54,793.20
Water Account No. 86307-58172
STATE OF TEXAS
COUNTY OF JEFFERSON
Since you have requested to pay your water, sewer and garbage bills in installments; and
Since the City of Port Arthur is willing to allow you to pay the Amounts in installments;
then, because of the City's agreement to let you pay the Amounts in installments and your
agreement to pay $66,793.25, you and the City agree as follows:
1. Installment Payments. You will pay $ 12.000 at the time of your signing this
agreement and you will pay installments of $4,566.10 per month beginning
August 25, 2009 and by the 25th day of every month until July 25, 2009 when
you must pay the remainder of the Delinquent Amounts in full.
2. Payment of bills. As a condition of this Agreement, you will pay all future
water, sewer and garbage bills assessed by the City when they become due
during the time of this Agreement.
3. Suit. At the time you sign this agreement, you acknowledge that suit has
NOT been filed on this account. If you fail to make payments as set out in
paragraphs 1 and 2 above, the City may immediately initiate suit to collect
all amounts due on this account including interest and cost of collection,
attorney's fees, or any other collection remedies available to the City of Port
Arthur.
( ) 4 Abatement In the event you do not make the agreed payments, this agreement
will become null and void IMMEDIATELY.
5. Sale of Pronerty. All bills to the City including interest are due in full upon
the sale of Property.
6. Events of Default. It will be an event of default under this Agreement if:
Z:\FinanceUtesolu[ions\Crys(al Seafood Agreement.doc
a. You fail to make the payments in the amounts and on the dates required
by Paragraph 1;
b. You fail to pay future water, sewer and garbage bills as required by
Paragraph 2;
c. You fail to pay all remaining amounts, upon the sale of the property as
required by Paragraph 5.
YOU UNDERSTAND AND AGREE THAT BY SIGNING THIS AGREEMENT YOU ARE
IRREVOCABLE ADMITTING YOUR PERSONAL LIABILITY FOR THE AMOUNTS
Executed this day of , 20
Debtor
Witnessed by: .
Finance Department
Deborah Echols
Finance Director
Approved by
Note: PAYMENT SHOULD BE MAILED TO:
City of Port Arthur
Finance Department
P. O. Box 1089
Port Arthur, Texas 77641
Z \FinanceVtesolutionslCrystal Seafood Agreementdoc
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DUPLICATE
CITY OF PORT ARTHUR
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I NAME L; fZ. t~ ; 1 ~. / S P~ ~>
ADDRESS
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TOTAL PMT. ~ ~_
$ i ~%>u
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( ) ON ACCT ( ) SERV CHG `•
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CITY ~ PORT ARTHUR
ttt CU570MER RECEIPT ttt
Date: N7%2§/09 01 Rereipt~no~1 1~3.r5585
Customer Li,cation Name {keount
86307 58172 TITAN SEAFOOD CO.
~ UTILITY PAYhFNi
~12GU0. ~
Remaining balance: S5§793.25
Tender detail
~ ~~ b12000.0U
Total tendered 812000.00
Total payrent S1c^OUD.UO
trans date: 7/23/09 Time: 1§:15:27
UT470101 CITY OF PORT ARTHIIR CXLIB
Account History - Combined Inquiry
Customer ID:
Location ID:
Cycle/route .
Initiation date
Termination date
Type options, pr
86307 Name:
58172 Addr:
60 03
. 6/20
:ss Enter.
TITAN SEAFOOD CO.
3931 S MARTIN LUTHER KING JR DR
Amount due
/00 Pending
Customer/location status .
S=Display
Trn Trn/Due Description
Opt Type Date Cancel Comment
_ MA PMT 7/16/09 LAMONICA 07160901
_ MA PMT 7/09/09 LAMONICA 07090901
_ BL BILL 7/02/09 CYCLE BILL
_ BL BILL 5/29/09 CYCLE BILL
_ BL BILL 4/30/09 CYCLE BILL
_ BL BILL 4/02/09 CYCLE BILL
_ BL BILL 2/26/09 CYCLE BILL
_ BL BILL 1/29/09 CYCLE BILL
F3=Exit F5=Adjustments F7=Pending
F10=Change view F11=Payments
Trn/Prv
Amount
5000.00-
1437.84-
13787.79-
8868.25
7504.04
10854.49
9398.11
9109.61
7/23/09
17:33:21
66,793.25
11,161.39-
A
Reference
Date/Num
7/03/09
6/01/09
5/01/09
4/03/09
2/27/09
1/30/09
Running
Balance
66,793.25
71,793.25
73,231.09
87,018.88
78,150.63
70,646.59
59,792.10
50,393.99
More...
FB=Charges F9=Print history
F12=Cancel F24=More keys
Interest Vision
Amortization Schedule
Loan or Annuity Variables
Start Date: Jul 24, 2009 End Date: Jul 24, 2010
Start Payment: Jul 24, 2009 No. of Payments: 12
Start Interest: Jul 24, 2009 Interest Rate: 0.000
Payment Freq.: Monthly Initial Principal: $54793.20
Compound Freq.: Monthly Payment Amount: $4566.10
Days in Mo./Yr.: Actual No. Balloon: $0.00
Payment Mode: In Arrears Amortization Method: Simple Znt.
Payment Interest Interest
No. Date Amount Amount Rate/Yr. Principal Balance
Jul 24, 2009 0. 00 0 .00 0 .000 0 .00 54793 .20
1 Aug 24, 2009 4566. 10 0 .00 0 .000 4566. 10 50227 .10
2 Sep 24, 2009 4566. 10 0 .00 0 .000 4566. 10 45661 .00
3 Oct 24, 2009 4566. 10 0. 00 0 .000 4566. 10 41094 .90
4 Nov 24, 2009 4566. 10 0. 00 0 .000 4566. 10 36528 .80
5 Dec 24, 2009 4566. 10 0. 00 0 .000 4566. 10 31962 .70
6 Jan 24, 2010 4566. 10 0. 00 0 .000 4566. 10 27396 .60
7 Feb 24, 2010 4566. 10 0. 00 0 .000 4566. 10 22830 .50
8 Mar 24, 2010 4566. 10 0. 00 0 .000 4566. 10 18264 .40
9 Apr 24, 2010 4566. 10 0. 00 0. 000 4566. 10 13698 .30
10 May 24, 2010 4566. 10 0. 00 0. 000 4566. 10 9132 .20
11 Jun 24, 2010 4566. 10 0. 00 0. 000 4566. 10 4566 .10
12 Jul 24, 2010 4566. 10 0. 00 0. 000 4566. 10 0 .00