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HomeMy WebLinkAboutPR 22815: IDA WITH MOTIVA CHEMICALS LLC, (2018-2027), FORMELY FLINT HILLS RESOURCES PORT ARTHUR, LLC P. R. No. 22815 10/12/2022 gt RESOLUTION NO. A RESOLUTION GRANTING CONSENT TO THE ASSIGNMENT OF THE INDUSTRIAL DISTRICT AGREEMENT WITH MOTIVA CHEMICALS LLC, (2018-2027) (FORMERLY FLINT HILLS RESOURCES PORT ARTHUR, LLC) WHEREAS, pursuant to Resolution No. 20-038, the City Council approved the request of Flint Hills Resources Port Arthur, LLC for a Consent to the Assignment of the Industrial District Agreement to Motiva Chemicals LLC; and WHEREAS, on October 11, 2022, the City received a letter from Stephen A. Kuntz, Norton Rose Fulbright US LLP, Attorney for Motiva Chemicals LLC, given written notice to the City of its request to assign the Industrial District Agreement to its parent, Motiva Enterprises LLC, by reason of the proposed merger of Motiva Chemicals LLC with and into Motiva Enterprises LLC with Motiva Enterprises LLC being the surviving entity, attached hereto as Exhibit"A"; and WHEREAS, in accordance with Section 14 of the assigned Industrial District Agreement, Motiva Chemicals LLC has asked that the City Council provide written consent to this assignment by a duly adopted Resolution. Motiva Enterprises LLC will operate the Facility as a reasonably prudent operator, act as a good corporate citizen, and will assume and abide by the terms of the Agreement. NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PORT ARTHUR, TEXAS: s.pr22815 Section 1. That the facts and opinions in the preamble are true and correct. Section 2. That the request of Motiva Chemicals LLC for a Consent to the Assignment of the Industrial District Agreement to Motiva Enterprises LLC, as delineated in the letter attached hereto as Exhibit"A", is herein approved. 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., 2022, at a Meeting of the City Council of the City of Port Arthur, Texas, by the following vote: AYES: Mayor: , Councilmembers: , NOES: . Thurman Bill Bartle, Mayor ATTEST: Sherri Bellard, City Secretary s.pr22815 APPROVED AS TO FORM: Valecia R. Tizen City Attorney APPROVED FOR ADMINISTRATION: Ronald Burton, City Manager s.pr22815 EXHIBIT "A" s.pr22815 NORTON ROSE FULBRIGHT Norton Rose Fulbright US LLP October 11, 2022 1301 McKinney, Suite 5100 Houston,Texas 77010-3095 United States Stephen A. Kuntz Partner Direct line+1 713 651 5241 stephen.kuntz@nortonrosefulbright.com Tel+1 713 651 5151 Fax +1 713 651 5246 VIA CERTIFIED MAIL, RETURN RECEIPT nortonrosefulbright.com REQUESTED,No.9414 7266 9904 2147 2372 07 AND VIA E-MAIL To: SHANELL.PERKINSc[ PORTARTHURTX.GOV Mr. Ronald Burton City Manager City of Port Arthur,Texas 444 4th Street Port Arthur,Texas 77640 Re: Industrial District Agreement between City of Port Arthur, Texas (the "City"), and Flint Hills Resources Port Arthur, LLC, a Delaware limited liability company now known as Motiva Chemicals LLC ("Motiva Chemicals LLC"), effective January 1, 2018 (the "Industrial District Agreement") Request to assign the Industrial District Agreement to its parent, Motiva Enterprises LLC, a Delaware limited liability company("Motiva Enterprises LLC"), by reason of merger Dear Mr. Burton: On behalf of our client, Motiva Chemicals LLC, and pursuant to Section 14 of the Industrial District Agreement, Motiva Chemicals LLC hereby: • respectfully provides written notice to the City of its request to assign the Industrial District Agreement to its parent, Motiva Enterprises LLC, by reason of the proposed merger of Motiva Chemicals LLC with and into Motiva Enterprises LLC with Motiva Enterprises LLC being the surviving entity (the"Assignment"); and • respectfully requests that the City Council duly adopt a Resolution providing the written consent of the City Council to the Assignment at its meeting scheduled for Tuesday, October 25, 2022. — -U-ndei-Delaware-law;-and--as-a-result reement----------- would transfer and be assigned to Motiva Enterprises LLC by operation of law at the effective time of the merger, and Motiva Enterprises LLC would assume and become liable for all liabilities and obligations under the Industrial District Agreement by operation of law at the effective time of the merger, including, but not limited to, all liabilities and obligations to make payments of"In Lieu of Norton Rose Fulbright US LLP is a limited liability partnership registered under the laws of Texas. I 32924296.2 Norton Rose Fulbright US LLP, Norton Rose Fulbright LLP, Norton Rose Fulbright Australia, Norton Rose Fulbright Canada LLP and Norton Rose Fulbright South Africa Inc are separate legal entities and all of them are members of Norton Rose Fulbright Verein,a Swiss verein.Norton Rose Fulbright Verein helps coordinate the activities of the members but does not itself provide legal services to clients.Details of each entity,with certain regulatory information,are available at nortonrosefulbright.com. A Mr. Ronald Burton NORTON ROSE FULl3RIGHT City Manager City of Port Arthur, Texas October 11, 2022 Page 2 Payments" (as such term is defined in Section 3 of the Industrial District Agreement) to the City. See Delaware Limited Liability Company Act §18-209(g). The merger of Motiva Chemicals LLC with and into Motiva Enterprises LLC is part of an internal restructuring effort to simplify the Motiva corporate structure. We note that Motiva Enterprises LLC has previously entered into an Amended and Restated Industrial District Agreement with the City effective October 1, 2005, as amended, which is currently in effect. Motiva Chemicals LLC and Motiva Enterprises LLC are anxious to effect the merger at the end of this month, October 2022. Accordingly, we respectfully request that the City Council include these requests on the Agenda for its meeting scheduled for Tuesday,October 25,2022. Please do not hesitate to contact the undersigned should you have any questions regarding this letter. Thank you for your consideration and assistance. Very truly yours, Stephen A. Kuntz cc: Ms. Valccia R. Tizeno City Attorney City of Port Arthur 444 4th Street Port Arthur,Texas 77640 VIA CERTIFIED MAIL,RETURN RECEIPT REQUESTED,No.9414 7266 9904 2147 2372 14 AND VIA E-MAIL To: VAL.TIZENO Q(7PORTARTHURTX.GOV Mr. Huy Tran City of Port Arthur VIA E-MAIL To: HUY.TRAN([iPORTARTHURTX.GOV Ms. Cycee Khan Vice President of Tax Motiva Enterprises LLC VIA E-MAIL To: CYCEE.KHAN(MOTIVA.COM Mr. James Hollman Direct Tax Manager Motiva Enterprises LLC VIA E-MAIL To: JAMES.HOLLMAN(&,MOTIVA.COM 132924296.2