HomeMy WebLinkAboutPR 15552: EDC/CAMELLIA PLAZA, L.P.Interoffice
MLMOR.ANDUM
To: Mayor, City Council, and City Manager
From: Valecia R. Tizeno, First Assistant City Att y
Date: October 16, 2009
Subject: P. R. No. 15552; Council Meeting October 20, 2009
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Attached is P. R. No. 15552 approving termination of
the Economic Development Conditional Grant Agreement
between Camellia Plaza, L.P. and the City of Port Arthur
Section 4A Economic Development Corporation. On September
9, 2009 the EDC Board voted to terminate the Economic
Development Conditional Grant Agreement with Camellia
Plaza, L.P. The EDC Board has indicated that they have
provided 30 days notice as required in Section 31 of the
agreement.
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Attachments
z.pr15552_memo
P. R. No. 15552
10/16/09
RESOLUTION NO.
A RESOLUTION APPROVING TERMINATION OF THE
ECONOMIC DEVELOPMENT CONDITIONAL GRANT
AGREEMENT BETWEEN CAMELLIA PLAZA, L.P. AND
THE CITY OF PORT ARTHUR SECTION 4A ECONOMIC
DEVELOPMENT CORPORATION
WHEREAS, on July 18, 2006, the City Council of the City of Port Arthur approved
Resolution 06-277 authorizing an Ewnomic Deve]opment Conditional Grant Agreement
between Camellia Plaza, L.P. and the City of Port Arthur Section 4A Economic Development
Corporation (the "PAEDC"); and
WHEREAS, the PAEDC agreed to provide up to $1,044,400 as a conditional grant to
offset costs for infrastructure in Camellia Plaza; and
WHEREAS, said conditional gant was to be funded to Camellia Plaza, L.P., in phases
based on the construction of the infrastructure followed by construction of a hotel, development
of additional businesses and satisfaction of certain reporting requirement; and
WHEREAS, on June 17, 2008, the City Council approved Resolution 08-254 amending
the Camellia Plaza, L.P. Economic Development Grant Agreement Performance Milestone
Schedule due to delays in construction of the infrastructure which delayed opening of the hotel;
and
WHEREAS, Camellia Plaza, L.P. failed to comply with the First Amendment to
Economic Development Conditional Grant Agreement Performance Milestone Schedule; and
WHEREAS, the principals of Camellia Plaza, L.P. have failed to communicate with the
PAEDC as to their performance under the conditional grant, and the PAEDC has been unable to
make contact with the principals of Camellia Plaza, L.P. within the last six months; and
WHEREAS, the Board of Directors at its regular meeting on September 9, 2009 voted to
terminate the Economic Development Conditional Grant Agreement with Camellia Plaza, L.P.
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 of Port Arthur Section 4A Economic Development Corporation
is herein authorized to terminate its Economic Development Conditional Grant Agreement with
Camellia Plaza, L.P.
Section 3. That a copy of the caption of the 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
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ATTEST:
TERRI HANKS, CITY SECRETARY
APPROVED:
FLOYD BATISTE, PAEDC CEO
APPRO AST FORM:
GUY GOODSON, EDC ATTORNEY
APPROVED AS TO FORM:
v~
VALECIA R. TIZE ,ACTING CITY ATTORNEY
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