HomeMy WebLinkAboutPR 22741: AGREEMENT WITH THE PORT OF PORT ARTHUR NAVIGATION DISTRICT, TIRZ P.R. No. 22741
08/09/22 ht
RESOLUTION NO.
A RESOLUTION AUTHORIZING THE CITY MANAGER TO ENTER INTO
A PARTICIPATION AGREEMENT WITH THE PORT OF PORT ARTHUR
NAVIGATION DISTRICT TO PARTICIPATE AS A TAXING ENTITY IN
THE DOWNTOWN TAX INCREMENT REINVESTMENT ZONE NO. 1
WHEREAS,pursuant to Ordinance No. 12-75,the City Council,acting under the provisions
of Chapter 311, Texas Tax Code, including Section 311.005(a), created and designated a
reinvestment zone in downtown Port Arthur to promote the redevelopment of the area and named for
identification as"Tax Increment Reinvestment Zone No. 1"(TIRZ No.1)(Downtown TIF),which
also may be referred to as the Downtown Tax Increment Reinvestment Zone; and,
WHEREAS, pursuant to Ordinance No. 13-10,the City Council adopted the fmal Project
and Reinvestment Zone Financing Plan which was previously adopted by the Downtown
Reinvestment Board No. 1 on February 7, 2013; and,
WHEREAS, pursuant to Ordinance No. 15-55, the City of Port Arthur reduced the
boundaries of TIRZ No.1 (Downtown TIF)to remove a portion(2.204 acres) of property from the
Tax Increment Reinvestment Zone owned by Lamar State College-Port Arthur; and
WHEREAS,pursuant to Ordinance No. 19-18,the City Council authorized an amendment to
the Project Plan and Financing Plan for the Downtown Tax Increment Reinvestment Zone No. 1;and
WHEREAS,during the July 7,2022 TIRZ Meeting,the Board expressed interest in having
the Port of Port Arthur Navigation District, herein referred to as the "Port",join TIRZ No. 1 as a
participating taxing entity; and
WHEREAS,the Board further authorized the City to engage in conversations with the Port
to develop a plan to expand the current TIRZ boundaries to include the Port's economic development
areas; and
WHEREAS,it is deemed in the City's best interest that a participation agreement is hereby
executed with the Port of Port Arthur Navigation District concerning the participation in the
Downtown TIRZ No.1.
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF PORT ARTHUR:
Section 1. That the facts and opinions in the preamble are true and correct.
Section 2. That the City Manager is herein authorized to enter into a Participation
Agreement, in substantially the same form attached hereto as Exhibit "A", with the Port of Port
Arthur Navigation District to participate as a participating taxing entity in the Downtown Tax
Increment Reinvestment Zone No. 1 (TIRZ No. 1).
Section 3. That a copy of the caption of this Resolution shall be spread upon the Minutes
of the City Council.
READ,ADOPTED,AND APPROVED,this day of ,2022 AD, at a
Regular 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 AS TO FORM:
1491' r
Valecia Tno,
City Attorney
APPROVED FOR ADMINISTRATION:
Ronald Burton,
City Manager
Exhibit "A"
WILL BE PRESENTED AT OR BEFORE THE COUNCIL MEETING