HomeMy WebLinkAboutPR 24939: A TAX ABATEMENT AGREEMENT WITH PLEASUREYELAND, LLC FOR THE DEVELOPMENT OF A WATERPARK AND PUBLIC IMPROVEMENTS ON PLEASURE ISLAND P.R. No. 24939
05/13/26 ht-rpc
RESOLUTION NO.
A RESOLUTION AUTHORIZING THE CITY MANAGER TO
EXECUTE A TAX ABATEMENT AGREEMENT WITH
PLEASUREYELAND,LLC FOR THE DEVELOPMENT OF A
WATERPARK AND PUBLIC IMPROVEMENTS ON
PLEASURE ISLAND
WHEREAS,Chapter 312 of the Texas Tax Code authorizes municipalities to enter into tax
abatement agreements with property owners for the purpose of promoting economic development
and encouraging investment in improvements; and
WHEREAS,PleasurEyeland,LLC has expressed an interest in developing and constructing
a waterpark, public improvements, and investing a minimum of Two Million Eight-Hundred and
Five Thousand Dollars and 00/100($2,805,000.00) on Pleasure Island within the city limits of the
City of Port Arthur, Texas ("City"); and
WHEREAS, the City Council of the City of Port Arthur deems it in the best interest of the
citizens of Port Arthur to enter into a tax abatement agreement with PleasurEyeland, LLC for the
development of a waterpark,public improvements,and an investment of a minimum of Two Million
Eight-Hundred and Five Thousand Dollars and 00/100 ($2,805,000.00) on Pleasure Island.
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 are true and correct.
Section 2. That the City Council hereby authorizes the City Manager to execute a tax abatement
agreement with PleasurEyeland, LLC, in substantially the same form as attached hereto as Exhibit
«A„
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 19th day of May, A.D., 2026, at a Meeting of the
City Council of the City of Port Arthur, Texas, by the following vote: AYES:
Mayor:
Councilmembers:
NOES:
CITY OF PORT ARTHUR,TX:
Charlotte M. Moses, Mayor
ATTEST:
Sherri Bellard, TMRC, City Secretary
APPROVED AS TO FORM:
Roxann Pais Cotroneo, JD, City Attorney
APPROVED FOR ADMINISTRATION:
Ronald Burton, CPM, City Manager
EXHIBIT "A"
(Tax Abatement Agreement)
THE STATE OF TEXAS §
§ KNOW ALL MEN BY THESE PRESENTS:
COUNTY OF JEFFERSON §
TAX ABATEMENT AGREEMENT
BETWEEN
CITY OF PORT ARTHUR,TEXAS AND PLEASUREYELAND,LLC
This Tax Abatement Agreement ("Agreement") is made and entered into by and between
the CITY OF PORT ARTHUR,TEXAS, a home rule municipality located in Jefferson County,
Texas, herein referred to as ("City"), and PLEASUREYELAND, LLC, herein referred to as
"Property Owner", the owner of the tracts of land with improvements to be constructed thereon,
within the corporate limits of Port Arthur, Texas (hereinafter defined). The City Council finds
that:
a. The City has adopted Guidelines and Criteria for granting tax abatements set forth in
its Uniform Tax Abatement Policy;
b. The City has approved this Policy by an affirmative vote of a majority of its members
at a regularly scheduled council meeting.
WHEREAS,upon execution for the sale and purchase of the Property between the Parties,
the Property Owner will hold fee title to approximately:
Tract 1: 32.87 Acres of Land Out of a Plat of Pleasure Island Tract 1 recorded in File No.
2022037727, Official Public Records,Jefferson County,Texas located within the
corporate limits of Port Arthur,Texas as defined in Section 2 of this Agreement
and attached hereto as Exhibit 1; and
Tract 2: 1.644 Acres of Land Out of the City of Port Arthur,Abstract Nos.931 and Abstract
No. 932, Jefferson County, Texas, located within the corporate limits of Port
Arthur, Texas as defined in Section 2 of this Agreement and attached hereto as
Exhibit 2.
The above tracts combined shall be herein referred to as the "Property".
WHEREAS, the Property Owner will develop and construct a water park, public
improvements and invest a minimum of Two Million Eight Hundred and Five Thousand and
00/100($2,805,000.00)on said Property which is located on Pleasure Island,more fully described
in Exhibit 3 (the "Improvements," as defined in Section 2 of this Agreement) on the Property,
located within the corporate limits of Port Arthur,Texas; and
WHEREAS, the performance of the terms, conditions, and programs provided for herein
will contribute to the economic development of the City in furtherance of the policies and
objectives of the City of Port Arthur; and
Tax Abatement Agreement 5/13/2026 1:21 PM-DRAFT 1
WHEREAS,the City and the Property Owner wish to enter into a tax abatement agreement,
which will provide for a five (5) year tax abatement period that will commence on January 1,
2027.
NOW THEREFORE, for and in consideration of the mutual covenants and agreements
contained herein, the Property Owner and the City hereby agree as follows:
1. Authorization. This Agreement is authorized by the Property Redevelopment and
Tax Abatement Act, Chapter 312, Texas Tax Code, as amended, and the Uniform Tax Abatement
Policy adopted by the City of Port Arthur, Texas, on April 21, 2026, pursuant to Resolution No.
26-161.The City Council has determined that the terms of the Agreement and the Property subject
to this Agreement meet the provisions of the Tax Abatement Policy adopted by the City.
2. Defined Terms. As used in this Agreement, the following terms shall have the
meanings set forth below:
Property Owner shall mean the entity that owns taxable real property on the date taxes are abated
under this Agreement or any other person or entity to which this Agreement is assigned, in
accordance with this Agreement.
Certified Appraised Value shall mean the appraised value of the Property and existing
improvements as certified by the Jefferson County Appraisal District.
City shall mean the City of Port Arthur, Texas.
City Council shall mean the governing body of the City.
City Manager shall mean the City's city manager or any person designated or authorized to act for
the city manager.
District shall mean the Jefferson Central Appraisal District.
Employee shall mean a person who: (1) Is a direct employee of the Owner employed on-site at the
Improvements and paid directly by the Owner; and (2)Regularly works at least forty (40)hours a
week at the site of the Improvements, excluding time taken for holidays, vacations, sick leave, or
other regular leave.
Improvements shall mean the buildings and structures (or portions thereof) and other
improvements, including fixed machinery, equipment, and process units, used for commercial or
industrial purposes, which are erected or expanded by the Property Owner on the Property as
contemplated by Section 6 herein, and generally identified and described in Exhibit 3 attached
hereto and incorporated herein for all purposes.
Land shall mean the real property as described in Exhibit 1 and Exhibit 2.
Local Employment shall mean laborers or skilled craftsmen who reside in Port Arthur,Texas.
Tax Abatement Agreement 5/13/2026 12:30 PM-DRAFT 2
Targeted Business or Industry shall mean a type of business or industry as determined by the City's
latest Tax Abatement Guidelines Resolution.
Property shall mean the 32.87 acres of land attached hereto as Exhibit 1 and the 1.644 acres of
land attached hereto as Exhibit 2 and incorporated herein for all purposes, and all Improvements
and Tangible Personal Property currently located thereon, which tracts of land are located within
the city limits.
Tangible Personal Property shall mean tangible personal property classified as such under the
state law, but excluding tangible personal property that was located on the Property at any time
prior to the date of execution of this Agreement, and also excluding tangible personal property
taxable by the.City while owned by the Property Owner any time prior to the date of execution of
this Agreement, and excluding inventory and supplies.
3. Administration of Agreement. This Agreement shall be administered by the City
Manager or designee of the City.
4. Term. This Agreement shall be effective as of the date of execution hereof and
shall continue through 31st day of December, 2031, unless terminated earlier, as provided
elsewhere herein; provided, however that the five (5) year abatement period herein provided for
shall not commence until 1st day of January, 2027. For purposes of clarification, the abatement
shall apply to taxes for the 2027 through 2031 tax years.
5. Tax Abatement. Subject to limitations imposed by law and conditioned on the
representations outlined in Section 6 herein below, there shall be granted and allowed hereunder
to the Property Owner, a property tax abatement equal to the following percentages of the taxable
value on the Improvements constructed or expanded hereunder on the Property and the Tangible
Personal Property located on the Property subsequent to the date hereof:
Tax Year (over$1 Million) Discount
Period a Year Abatement Percents
(beginning January 1) g
2027 Year 1 75% Year 1
2028 Year 2 40% Year 2
2029 Year 3 30% Year 3
2030 Year 4 20% Year 4
2031 Year 5 10% Year 5
Provided, however, if the Certified Appraised Value of the Property for any year during
the term of this Agreement is less than the Certified Appraised Value of the Property as of January
1, 2026, the abatement shall not apply to the Improvements and Tangible Personal Property in an
amount equal to the difference between the Certified Appraised Value for such year and the
Certified Appraised Value as of January 1, 2026. The property tax abatement granted under this
Agreement shall apply only to ad valorem taxes on the Improvements, as constructed or expanded,
and on Tangible Personal Property.The Certified Appraised Value of the underlying real property
shall remain fully taxable.
Tax Abatement Agreement 5/13/2026 12:30 PM-DRAFT 3
The Property Owner represents and warrants that its new capital investment will be a
minimum of Two Million Eight Hundred and Five Thousand Dollars and 00/100 ($2,805,000.00)
on the Improvements by January 1 on the year following the completion of construction of the
Improvements.
6. Representations.
a) The Property Owner represents that:
(1) It has, or will have, an increased taxable interest with respect to
Improvements and Tangible Personal Property placed on the Property;
(2) The Improvements and Tangible Personal Property to be constructed
and/or placed on the Property pursuant to this Agreement are set forth and
described and attached hereto as Exhibit 3 and incorporated herein for all
purposes;
(3) All Improvements placed on the Property will be completed in a
workmanlike manner and in compliance with the City building codes in
effect at the time such Improvements are erected;
(4) The Improvements will be constructed on or before January 1, 2029, and
will have a Certified Appraised Value of over Two Million Eight Hundred
Five Thousand Dollars and 00/100 ($2,805,000.00);
(5) Beginning on or before January 1, 2030, the Property Owner agrees that
eighty to ninety percent (80%-90%) of these full-time positions shall
consist of local labor and shall be maintained for the remainder of the term
of this Agreement as detailed in Section 19(b).
(6) As of the Effective Date of this Agreement, it possesses the financial
resources to implement the foregoing representations.
b) The City represents that the Property is located within the corporate limits of
the Port Arthur, Texas.
c) The Property Owner and the City represent that no member of the City Council
or Planning Commission owns or leases the Property, Improvements, or
Tangible Personal Property.
7. Discrimination. The Property Owner agrees to make all hiring decisions in
compliance with the Civil Rights Act of 1964. The Property Owner shall not discriminate against
any employee or applicant for hire on the basis of race, religion, color, sex, sexual orientation,
national origin,age or disability. The Property Owner agrees to aggressively seek to provide equal
employment opportunity for all.
Tax Abatement Agreement 5/13/2026 12:30 PM-DRAFT 4
Pr
8. Environmental Compliance. Within the City of Port Arthur and its Extraterritorial
Jurisdiction the Property Owner shall not violate any federal, state or local legislation or
regulations prohibiting or regulating deleterious effects on the environment.
9. Property Use. Property Owner warrants that the uses of the Property subject to this
agreement shall be consistent with the general purpose of encouraging development and/or
redevelopment of the zone with the Abatement Term and is subject to Use Restrictions, by which
none of the Property may be used: (i) for manufactured housing (as such term is defined in Sec. 58-31 of
the City Code [herein defined]); (ii) as a recreational vehicle park (RV park) (as such term is defined in
Sec. 58-121 of the City Code); (iii) as a game room (as such term is defined in Sec. 22-601 of the City
Code)that is open to the public on a for-profit basis; (iv) for any sexually oriented business (as such term
is defined in Sec. 22-321 of the City Code); or(v) as a multiple-family dwelling (within the context such
term is used in the City Code). As used herein,the term"City Code" shall mean the Code of Ordinances,
City of Port Arthur,Texas, as in effect as of May 5,2025.
10. Property Owner agrees to work with City as reasonably requested to effectuate all
of the terms and conditions of this Agreement.
11. Confidentiality. Property Owner acknowledges and agrees that information
provided to the City in connection with its applications for tax abatement that describes specific
processes or business activities to be conducted or the equipment or other property to be located
on the property for which tax abatement is sought is confidential and not subject to public
disclosure until the tax abatement agreement is executed, at which time that information in the
custody of the City is no longer confidential.
12. Amendment. Amendment or modification of this agreement can only be made by
written instrument subscribed to by both parties so long as those amendments or modifications
reflect provisions which could have been included in this agreement under the Guidelines in effect
on the date of approval of this Agreement.
13. Administrative.
a) Access to and Inspection of Property by Municipal Employees. The
Property Owner shall allow City's employees and/or designated representatives of the City access
to the Improvements for the purpose of inspecting any Improvements erected to ensure that such
Improvements are completed and maintained in accordance with the terms of this Agreement and
to ensure that all terms and conditions of this Agreement are being met. All such inspections shall
be made only after giving the Property Owner twenty-four(24)hours advance notice and shall be
conducted in such manner as to not unreasonably interfere with the construction and/or operation
of the Improvements. All such inspections shall be made with one (1) or more representatives of
the Property Owner and in accordance with all applicable safety standards. Upon completion of
construction, the designated representative of the City shall evaluate annually each facility
receiving abatement to ensure compliance with the Agreement, and a format report shall be made
to the City Council.
b) On January 1 of each year that this Agreement is in effect, the Property
Owner shall certify to the City, and to the governing body of each taxing unit, that the Property
Owner is in compliance with each applicable term of this Agreement.
Tax Abatement Agreement 5/13/2026 12:30 PM-DRAFT 5
c) The Chief Appraiser of the Jefferson County Appraisal District shall
determine annually(i)the Certified Appraised Value of the Property,Improvements,and Tangible
Personal Property and (ii) the taxable value, pursuant to the terms of abatement under this
Agreement,of the Property,Improvements, and Tangible Personal Property. The Chief Appraiser
shall record both the abated taxable value and the Certified Appraised Value in the appraisal
records. The Certified Appraised Value listed in the appraisal records shall be used to compute
the amount of abated taxes that are required to be recaptured and paid in the event this Agreement
is terminated in a manner that results in recapture. During the term of this Agreement, each year,
the Property Owner shall furnish the Chief Appraiser with such information outlined in Chapter
22,Texas Tax Code, as may be necessary for the administration of the abatement specified herein.
14. Default:
a) The City may declare a default hereunder if the Property Owner (1) fails,
refuses, or neglects to comply with any of the terms, conditions, or representations of this
Agreement and fails to cure during the cure period; or (2) allows ad valorem taxes owed to the
City to become delinquent and fails either to cure during the cure period or to timely and properly
follow the legal procedures for their protest or contest.
b) If the City declares a default on this Agreement, this Agreement shall
terminate(after notice and opportunity to cure as provided for herein), and the City, in such event,
shall be entitled to recapture any and all property taxes which have been abated as a result of this
Agreement. The City shall notify the Property Owner of any default in writing in the manner
prescribed herein. The notice shall specify the basis for the declaration of default,and the Property
Owner shall have sixty (60) days from the date of such notice to cure any default; provided,
however,where fulfillment of any obligation requires more than sixty(60)days,performance shall
be commenced within sixty (60) days after the receipt of notice, and such performance shall be
diligently continued until the default is cured. If the default cannot be cured, or if the Property
Owner fails to cure within the period herein specified,the Property Owner shall be liable for and
will pay to the City within sixty (60) days following the termination of this Agreement (1) the
amount of all property taxes abated under this Agreement, (2) interest on the abated amount at the
rate provided for in the Texas Tax Code for delinquent taxes, and (3) penalties on the amount
abated in the year of default at the rate provided for in the Texas Tax Code for delinquent taxes.
c) Notwithstanding any other provision contained herein to the contrary, in the
event of termination of this Agreement due to the default of the Property Owner, the Property
Owner's obligation to pay the City any property taxes that have been abated on Improvements and
Tangible Personal Property, plus applicable penalty and interest thereon as herein provided, shall
not terminate until the abated taxes, plus penalty and interest, are paid.
15. Changes in Tax Laws. The tax abatement provided in this Agreement is
conditioned upon and subject to any changes in the state tax laws during the term of this
Agreement.
16. Compliance with State and Local Regulations. Nothing in this Agreement shall
be construed to alter or affect the obligations of the Property Owner to comply with any ordinance,
rule, or regulation of the City or laws of the State of Texas.
Tax Abatement Agreement 5/13/2026 12:30 PM-DRAFT 6
17. Assignment of Agreement. This Agreement may not be assigned by the Property
Owner, without the approval of the City by resolution of the City Council. The approval of any
assignment shall be subject to the financial capacity of the assignee and will require that all
conditions and obligations in this Agreement shall be assumed by the assignee. No assignment
shall be approved if(a) the City has declared a default hereunder that has not been cured, or (b)
the assignee is delinquent in the payment of ad valorem taxes owed to the City. Approval by the
City shall not be unreasonably withheld.
18. Conditions Precedent. This Agreement is conditioned entirely upon
(a) the approval of the City Council by the affirmative vote of a majority of the members
present at a regularly scheduled meeting of the City Council;
(b) the construction of the Improvements on the Property on or before January 1, 2029.
The abatement granted herein shall not be effective until tax year commencing
January 1,2027.
19. Responsibilities of Property Owner. In consideration of receiving the tax
abatement granted herein, the Owner agrees that:
(a) Improvements and Personal Property.
(1) By January 1,2030:
(A)The Owner must complete construction of the Improvements in
compliance with this Agreement, the City's ordinances, and the plans
shown in Exhibit 3;
(B)The Owner must have received from the City a certificate of occupancy
for the Improvements; and
(C)Cumulatively, the Improvements must have a Value of a minimum of
Two Million Eight Hundred and Five Thousand Dollars and 00/100
($2,805,000.00)
(b) Employees Required.
Following the completion of the Project, the Property Owner shall
maintain a local employment level of not less than full-time
positions (consisting of both direct employee jobs and contractor jobs),
determined through semi-annual reporting (Exhibit 4) throughout the
Term of Abatement, relating to the Project, and continuing for the
remainder of the Term of Abatement under this Agreement. These
positions shall have an average annual wage of at least , or
one hundred ten percent (110%) of the annualized county average
weekly wage for jobs in Jefferson County, Texas, as published by the
Tax Abatement Agreement 5/13/2026 12:30 PM-DRAFT 7
U.S. Bureau of Labor Statistics for the Beaumont—Port Arthur
Metropolitan Statistical Area for the third (3rd) quarter of 2025,
whichever is greater.
20. Notice. All notices shall be in writing. If mailed, any invoice or communication
shall be deemed to be received three (3) days after the date of deposit in the United States mail,
first-class, postage prepaid. Unless otherwise provided in this Agreement, all notices shall be
delivered to the following addresses:
To PleasurEyeland, LLC: PleasurEyeland, LLC
Attn: Selim Kiralp
13601 Preston Road, Suite W104
Dallas,Texas 75240
Telephone: 469-847-0514
Email: selimkiralp@selimkiralp.com
With a copy to: Jared M. King,Esq.
6300 Ridglea Place, Suite 1100
Fort Worth,Texas 76116
Telephone: 817-739-0053
Email:jking@jmkinglaw.com
To City of Port Arthur: City of Port Arthur
Attn: Ronald Burton, City Manager
P.O. Box 1089
444 4th Street
Port Arthur,Texas 77640
Telephone: 409-983-8101
Email: ron.burton@portarthurtx.gov
With a copy to: City of Port Arthur
Attn: Roxann Pais Cotroneo, City Attorney
P.O. Box 1089
444 4th Street
Port Arthur,Texas 77640
Telephone: 409-983-8129
Email: roxann.cotroneo@portathurtx.gov
Either party may designate a different address by giving the other party at least ten (10)
days written notice in the manner prescribed above.
21. Entire Agreement. This Agreement and the Exhibits attached hereto contain the
entire tax abatement agreement between the parties and supersedes all other negotiations and
agreements between the Property Owner and the City relating to the grant of tax abatement for the
Improvements located on the Property,whether written or oral. In the event that there is a conflict
between any of the Exhibits to this Agreement and this Agreement, the provisions of this
Agreement shall control over the provisions in the Exhibits.
Tax Abatement Agreement 5/13/2026 12:30 PM-DRAFT 8
IN WITNESS WHEREOF, this Agreement has been duly executed by the parties as of the
of May,2026.
CITY OF PORT ARTHUR,TEXAS,
A Texas home-rule municipality,
By:
Ronald Burton,CPM
City Manager
ATTEST:
Sherri Bellard,TRMC
City Secretary
APPROVED AS TO FORM:
Roxann Pais Cotroneo,JD
City Attorney
IN WITNESS WHEREOF,this Agreement has been duly executed by the parties as of the
day of May, 2026.
PLEASUREYELAND,LLC
By:
Selim Kiralp
Owner
Tax Abatement Agreement 5/13/2026 12:30 PM-DRAFT 9
EXHIBIT 1
Approximately 32.87 Acres of Land on Pleasure Island
Property Survey, Legal Description and Metes and Bounds
Tax Abatement Agreement 5/13/2026 12:30 PM-DRAFT 10
32.87 ACRES.LANG
••���`ye••�e/V '/ OUT OF A PAT OF MEASURE ISLAND TRACT I.
•� a"+��4 r41t CITY OF PORT ARTHUR JEFFERSON COUNTY.TEXAS
e 44477'///
�����ee +�`"- BEING 32.87 Meows
4:4 / of and out of a.a pa M al a P Pleasure I.nd Tract I reco.d in File No.202203/R7,ClImal Public Recoms.lemma Ceung Tax.sad 32.87 acre Pact gems more folly des...by metes and
® Nob B.ann9s.nor..,,distances and acreage are.ead on me Texas Coos..SYatem of 1.3,..Con.Zone,VS Sunny Feet and are*need to Smart.Nana Amenn.
,t0 INNING at an aw bard mnum duo m...Me on the intersection o .South..RgSo met named me of a... named T.B.EBison Palm ay am be Southwest Ri9Ato ead loWay me of a..acted r named Pleasure` BEG
Boulevard,having a Tent Cnrtnate✓N'.1J69794101 E:3575339.the
01.
THENCE,South 53 deg.11 inn.,03 sec.East,an Me Soumeest Ramer-Way Me a said Pleasure Pier Baulmrd.a ONW.of 1043.38''Man aluminum di.found n concrete for coma. SCAM•.200
VIONITY MAP THENCE.Nona 36 deg.49 min.,029ec.,East a 2Nbnn M 20.01'to a 19'.ta9 mE,capped and marhed'SOUTEX'.bend ter comer
NOT TO SCALE
'HENCE,So..dip.,it inn.,19 sac..East ad..M407.3T D a%'sate rod.turd brcaner
THENCE,Nor.36 deg..47 min..02 sac.,East a dim anu M 16686 to a%'Orel cod,round far comer,
THENCE.South 53 deg..11 inn,19 sec..East a distance of 311.22 to a S'Meel rod upped and marharSOU7IX'.found for the mut Easterly coma of W/sawn deserted oat
THENCE Sorts 34 deg.27mn..52 sec.West,aeae6ce of 375.21 to.10 37 02.capped and maSM'53370('.leurd for comer:
THENCE.Sou.52 deg,27 inn„20 sec.West a8.rhu 05059ba39 Orel rod.upp.d and ma0aa'BOUlVX'.found for comer.
THENCE.Soule 35 tag,34 min.,50 sac,pleat(Called South 34 did.,34 min..51 sae.,West,a dish.M 12..29 to a'A'.ee1 rod.upped and mar.'9OUTEC.set On the Nor..M ins of Tract III.of three Iran M land
morandurn of rower Lease Mbseen the City of Arr.A and D2M.nt OIN0ore SOne a.SIC,audk In Fl6 No.202S13414,0r9CIel Public RecoMs,Ja hr.County.Teas,said A's6 and born.me
Southerly coeme of Is Hasa 4ucrlbad b*U,from xflbh a'A.steel rod capped and mahad"BOUTEX',ld,nd on me Southvaa One of said MamorenNm M Ground Lean ears South 36 deg.34 min.,50 sec..WW1..
South 36 deg.N min.,51 sec.,Waal.a.stance of 92.34'.
THENCE.Nam 52 de9..59 min..35 are..West on o.N0nasest Ns of sad Tract 111,a.etanee of 752.57 to a%'steel rod cpped and Mark."SOUTEX".set for Pm mostwesbdy coma of the main dsecnbd tract
THENCE,Nona 36 deg,34 min„06 sec.,East iCa3d Nara 36 deg.33 man..55 sec..Ea.D,a awn.of 1120 91'passa9 a'A'Orel rod found for Mereae.conenuin9 for a total distance of 1232,44'to a H'steel rod upped
and mantes SOU7Ez',sac for an n...mer dime herein...bed tract MiMrb.se aluminum disc round rn cone..burs Scum 52 deg.42 inn„29 sac.,fag a distance of 45.79-.
THENCE Nona 52 deg.42 min.,29 s.c.West a 4stanpe M 993.19 to a'A'ela6 rod,found on the Easrly RAII.0I.W.354 of seer T,B.EFsan Par mey',sad'3'stele rod being ma most Nor.M Nord1nat caner of tee MNII
des*Pact',
THENCE Nona 36 dog_39 min..04 nc.East on Me EasteM...Way Imo of tad T.B.ENsan Parkway.a(Mann of 243.04 tome POINT OF BEGINNNG and containing 3297 acres of land more or Ins.
This daecdpbon a based on M.Ls...Made sinw.r ma dir«I npeallen of Anthony M.Leper Remo..PmMelEnS Land 9uweyor rd.5491 on May a.2026.
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PeS z 72 f. c , 9S L2 N 36'4702"E 1E0.85'
n I ,�,8�O TRACT III ,
be
1 'W
9. •C 6 18.40 ACRES OF LAND u s s3Tt'Te"E an.z2'
9�pp PART OF THE H.L. MCKEE SURVEY
ABSTRACT NO. 930 La S 5277120"W S 5271'38"W 50.33' 50.30'
I JEFFERSON COUNTY, TEXAS Ls S 3614'50"W S 3674151.W 92.34'
2i
1 I LB N J6•3cor E N 3613155"E 113.78' 3
L7 N 3676'04"E 243,04'
1 dt,E'R I 1st 1 APPROAMATE LOCATION $!
I _IV' _ LOF,FL00D ZONE DUNCE 3
/, - - I I _ _ EASTERLY 0.0.W.LAE I L _ @V
T -L7 ' S
POINT OF 8EGINNINGJ ( `sue aao
F°uDSSC ALUMINUM CN. C T.B. ELLISON PARKWAY 8
3075369.01 \,� 1 (160'PUBUC R.O.W.) E
T13575a39.01 V
g/
6
F
Din nu 32.87 ACRES OF LAND `NaATCT Na
PART OF PLEASURE ISLAND TRACT I S,...22-0050-2
aNa9EYTwR NOTE, F 1". 200' 0.
I. BEARINGS.COONINATES DISTANCES AND ACREAGE ARE BASED ON TEXAS COORDINATE SYSTEM CV 19E]. 0 .FOUND 1/2"STEEL /2022037727,OFFICIAL PUBLIC RECORDS §-
SOUTH-CENTRAL ECNE U.S.SURVEY FEET,REFERENCED TO SNIARNET,NA. JEFFERSON COUNTY, TEXAS 5/4/2026
2. NIS SURVEY DOES NOT WARRANT OWINEREHN THERE MAY BE EASEMENTS,CR OTHER MATTERS NOT SHOWN. ROD CAPPED"SOU TE%"
3. DNS 500EY WAS PREPARED WITHOUT NE BENEFIT of A nnE REPORT. • .SET I/2"STEEL ROD BROtGT CITY OF PORT ARTHUR Mum EFT
Y
a. N ACCORDANCE WIN THE FLOOD INSURANCE RATE MAP OF THE FEDERAL EMERGENCY MANAGEMENT AGENCY,MAP GAPPED"SOUTE%"
IN
SHOWN,THE SUB.ECT 01 55 UES IN THE LESS ZONE 155.5 Lou T92 ON MAP WAS DETERMINED BY T.B. ELLISON PARKWAY u BY
i
SCALE.ACNAL FIELD ELEVATION NOT DETERMINED,UNLESS REQUESTED.SOUTEX SORT/EV:NS.INC.,DOES NOT A =PONT FOR CORNER - B,T
WARRANT NOR SUBSCRIBE N THE ACCURACY OR SCALE OF SAID MAP S�OF T� PORT AR THUR, TE%AS 77640 UAL ,
5. TEXAS 811-CAL 91OULD BE DONE PRETO TO ANY DIGGING CR CONSTRUCTION M CASE a UNDERGROUND
RPELiNEs OR UNUnES �ot S TG,e#.,
°!P 3737 Doctor;D.I.e E
ANTHONY IL lFGFR �,,,,-tea OUTEX Pon AALMy,Tom.77042
+�sat o ..�\ Tel.409 983.2004
ESS9
��� '4, EsstSUR�4, SURVEYORS&E`iGINEERS Fox 409.983.2005 .
ANTHONY M.IEGER T.IP.E Rats P7a•T.%LS sYWI Pm]a00 mourosmonseBorgnomommm 5
REGISTERED PROFESSIONAL LAND SURVEYOR NO.xel
TBPE Firm No.F-5755
rs
OUTEX
Port Arthur,Texas 77642
SURVEYORS&ENGINEERS Office(409)983.2004
Fax(409)983.2005
32.87 ACRES OF LAND
OUT OF A PLAT OF PLEASURE ISLAND TRACT I,
CITY OF PORT ARTHUR JEFFERSON COUNTY,TEXAS
BEING 32.87 acres of land out of and a part of a Plat of Pleasure Island Tract I recorded in File
No. 2022037727, Official Public Records, Jefferson County, Texas; said 32.87 acre tract being
more fully described by metes and bounds as follows to wit:
Note: Bearings, coordinates, distances and acreage are based on the Texas Coordinate System
of 1983, South Central Zone, US Survey Feet, and are referenced to SmartNet, North America.
BEGINNING at an aluminum disc found in concrete on the intersection of the Southeast Right-
of-Way line of a dedicated road named T.B. Ellison Parkway and the Southwest Right-of-Way
line of a dedicated road named Pleasure Pier Boulevard, having a Texas Coordinate of
N:13897841.01 E:3575339.01;
THENCE, South 53 deg., 11 min., 03 sec., East, on the Southwest Right-of-Way line of said
Pleasure Pier Boulevard, a distance of 1043.39' to an aluminum disc found in concrete for
corner;
THENCE, North 36 deg., 48 min., 02 sec., East, a distance of 20.01' to a 'A" steel rod, capped
and marked"SOUTEX", found for corner;
THENCE, South 53 deg., 11 min., 19 sec., East, a distance of 407.37' to a '/2" steel rod, found
for corner;
THENCE, North 36 deg., 47 min., 02 sec., East, a distance of 160.85' to a '/2" steel rod, found
for corner;
THENCE, South 53 deg., 11 min., 19 sec., East, a distance of 311.22' to a '/2" steel rod, capped
and marked"SOUTEX", found for the most Easterly corner of the herein described tract;
THENCE, South 36 deg., 27 min., 52 sec., West, a distance of 375.23' to a '/2" steel rod, capped
and marked"SOUTEX", found for corner;
THENCE, South 52 deg., 27 min., 20 sec., West, a distance of 50.53' to a 1/2" steel rod, capped
and marked"SOUTEX", found for corner;
THENCE, South 36 deg., 34 min., 50 sec., West (Called South 36 deg., 34 min., 51 sec., West),
a distance of 1243.29' to a '/2" steel rod, capped and marked "SOUTEX", set on the Northeast
line of Tract III, of three tracts of land described in a Memorandum of Ground Lease between the
City of Port Arthur and Diligent Offshore Services, LLC, recorded in File No. 2025-16414,
Official Public Records, Jefferson County, Texas; said 1/2" steel rod being the most Southerly
corner of the herein described tract; from which a %2" steel rod capped and marked "SOUTEX",
found on the Southwest line of said Memorandum of Ground Lease bears South 36 deg., 34 min.,
50 sec., West(Called South 36 deg., 34 min., 51 sec., West), a distance of 92.34';
THENCE, North 52 deg., 59 min., 35 sec., West on the Northeast line of said Tract III, a
distance of 752.67' to a 'A" steel rod capped and marked "SOUTEX", set for the most Westerly
corner of the herein described tract;
THENCE,North 36 deg., 34 min., 08 sec., East(Called North 36 deg., 33 min., 55 sec., East), a
distance of 1128.81' passing a 'A" steel rod, found for reference, continuing for a total distance of
1232.44' to a 11/2" steel rod, capped and marked "SOUTEX", set for an interior corner of the
herein described tract; from which an aluminum disc found in concrete bears South 52 deg., 42
min., 29 sec.,East, a distance of 45.79';
THENCE, North 52 deg., 42 min., 29 sec., West, a distance of 996.10' to a '/2" steel rod, found
on the Easterly Right-of-Way line of said T.B. Ellison Parkway; said `/2" steel rod being the most
Northerly Northwest corner of the herein described tract;
THENCE, North 36 deg., 26 min., 04 sec., East, on the Easterly Right-of-Way line of said T.B.
Ellison Parkway, a distance of 243.04' to the POINT OF BEGINNING and containing 32.87
acres of land more or less.
This description is based on the Land Survey made under the direct supervision of Anthony M.
Leger, Registered Professional Land Surveyor No. 5481 on May 4, 2026.
CITY OF PORT ARTHUR
22-0050-2 ,4\,N..v.A.N,Y-5 QupF.rF -
t?TwOp.... .EG•
-R`3
,A, •. ...
....3 5 81 %P.``
EXHIBIT 2
Approximately 1.644 Acres of Land on Pleasure Island
Property Survey, Legal Description and Metes and Bounds
Tax Abatement Agreement 5/13/2026 12:30 PM-DRAFT 11
T.B.EWSON PARKWAY
160 PUBLIC R.O.W.)
SaMEASi RO.w LNE7.----..,,,,A
OSC N TICONE
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410,40.410,144 Sea Cab.Nodled
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3 I WIj 1 of e„m4="4..,4'7c4coo..nx,xr a w.v,n rv.sucr anaNan..e.:411,
sI sa \ ,�'' �J9s oaooite n,n ....,.,e,n...r,,.*.e�.,a,n ,.
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FIND CONC. S J649'36'W 80.01' ` .•aaneana Pm AmOEsoc eal,Ctsake I e,aea..e.N n.sam.nea,iaan....1.Na9N..a.
0101.04
MONUMENT DISC 1 nxe.o-.v -oc,. sevnsv 02
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xcR
IN_FOUND
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NI 94.'' I M He.en..,a,ap,. ..N.e.R. aa..a..a.a'"''L...R.a.an.na....,.e
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vaxD /�•, N 36.4901 E 172.21 /
STEFl a00 Y (CALLED N 392300•E 17229') : aP JR /
S 36.49'23'w (CPOINT OF BEGINNING'.:- •-..,,J• / �.goo" P��
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• x 1369714004 _ / -----
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FIND 1/21 / -----
STEEL aaD 1'• / /
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4 S, +�'+ -'/'N 36.45.40•E 36.90' / R
4 N�µf.O,y{I1 / (CALLED N 39T9'40•E) / R
M1 • A / / IC
f.i 1.644 ACRES OF LAND / / 4
PART OF CITY OF /t w^ / --
PORT / g'
ARTHUR O 3)
ABSTRACT NO. 932 uNR n s / i ¢
AND 931 / S
JEFFERSON COUNTY, .w R _----
TEXAS — /
4N /
/ x
RESIDUE N 3525.02"E 154.46
BOARD WALK AREA CITY OF PORT ARTHUR / (CALLED N 3910'02'El S 5323'58'E 5.00' e
VOL.381,PG 555,O.R.J.C. k.1A (CALLED 5 swarm'E) /
5 36.36'0Y W 346.4Y 8
S 38']t'16'W 26.89'� (CALLED 5 3910'02'TO
(CALLED S 3905'15'1V) I
A .POINT FOR CORNER
CITY OF PORT ARTHUR CITY OF PORT ARTHUR • -SET 1/2•STEEL ROD 4
ABSTRACT NO.930 I ABSTRACT N0.931 CAPPED'SOUTES'
C.R.J.C. =CONDOMINIUM RECORDS.JEFFERSON COUNTY SABINE LAKE
I
F1
COLSALI ATES a AR 5TOMES YM ACREAGE E OASm ON.AS aamNATE r''°'Of If.SOUID-CENTM.IOC U.S SASSY S
FEET.REFER..TO S.MnwT.NA �T TIM 1.644 ACRES OF LAND, 2T 0080 8
7. SURVEY Dare NOT w4N.ANr oeN9RSITE MERE DAY SE 03007 aR OM R YArme NOT EMMA PART OF THE CITY OF PORT ARTHUR SURVEY, =60'
: DNS.MY MS M.AREO YnwT ME 01.0 OF A TM REPORT.
:METES ANw MUMS or LW,DATE m.0.5015 05 9, ABSTRACT NOS. 931 AND 932
.,uumAKE NM ME 1.Dm NYNANGE RATE YAP or ME FEDERAL mrAGEuaT BY MOM YAP Re7vm.¢MM.ME ._ f981r DATE $
SUBJECT T.AS N THE fl9m Eat:NOTED.LOOAw.ON YAP WS 0E.10.n SASE WV.MD E2wDw NOT DEme..m. JEFFERSON COUNTY, TE%AS NT DATE 2D26 9
a. RD S e111 c°007,l.mv9SO1ic RE DON PRIOR m A°NYY0a NOT OR CON5NOMmuc5ON 1eG(IN GMMTOO UNDERGROUND T MAIRACT ORI s a.MSMDl UMN .ti9 OF T',,/.. IwD�cDT a.Aw.9r
A,P4.°t6iE'Ps Y CITY OF PORT ARTHUR MMG Y
ocriere9N Sr 59erxa: LOCATE CORNFRS AND SLOW IMPROVFMFNTS -q b * 0'R'' 600 PLEASURE PIER BOULEVARD '�� $
SUMMrramr ,ANTHONY Y.LEGEA. • PORT ARTHUR, TEXAS 77640
The und rnm
ere9gaed does hereby certify that Lb'.aurwy was th9 day 03 f practice
made,on the ground,of the property g 541 r 4t AML
legally described hereon in accordance with the minimum ais transaction
ds of Practice promulgated by the Texas Board of y'OAp$6t01.,O
Profewbnal Land surveyor.. TIW survey IA certified for this transaction only,and is not transferable to additional '1Q �,
Institution,or subsequent owner.. SURV _ /� 3737 Doao..D..a a
III:'PS
' / L•OUT E)A T Post.A ,..TerA.77642
J V 1 E . 1,t6909 983 2004
a �j, SLRS'EYORS&EVGINFFRS Fax 409 983.2005
...yo,9oo,a 9
ANTHONY M.ISGER - T.SP.E DRY pm•TDLR.mI aal3ew �® 3
REGISTERED PROFESSIONAL LAND SURVEYOR NO.5481
TBPE Firm No.F-5755
,t TBPLS Firm No.10123800
`Ml "' LA EF.0005711
3737 Doctors Drive
' Port Arthur,Texas 77642
/1\ SURVEYORSENGINEERS Office (409) 983.2004
Fax (409) 983.2005
EXHIBIT"A"
1.644 ACRES OF LAND
OUT OF THE CITY OF PORT ARTHUR,
ABSTRACT NOS.931 AND ABSTRACT NO.932,
JEFFERSON COUNTY,TEXAS
BEING 1.644 acres of land out of the City of Port Arthur Abstracts No. 931 & 932,Jefferson County,Texas;
being part of a tract of land described in a deed to the City of Port Arthur,recorded in Volume 381,Page 555,
Deed Records,Jefferson County,Texas; said 1.644 acre tract being more fully described by metes&bounds as
follows to wit:
BEGINNING at a''A"steel rod,capped and marked"SOUTEX", set on the North Right-of-Way line of a
dedicated road named Pleasure Pier Boulevard; said '/2"steel rod being on the South line of a tract of land
described in a deed to Pleasure Pier Sea Cabins,Neches Real Estate,LLC, recorded in File No. 2021022741,
Official Public Records,Jefferson County,Texas,and being the Northwest corner of the herein described tract,
having a Texas Coordinate of N:13897140.04 E:3576577.24;
THENCE,North 36 deg.,49 min., 01 sec., East(Called North 39 deg.,23 min.,00 sec.,East),on the South line
of said Neches Real Estate,LLC Tract, a distance of 172.21' (Called 172.29')to a''A"steel rod, capped and
marked"SOUTEX", set on the common lines of Abstract Nos. 931 &932; said'h"steel rod being the Southeast
corner of said Neches Real Estate,LLC Tract and Northeast corner of the herein described tract;
THENCE, South 53 deg., 18 min., 30 sec.,East(Called South 50 deg.,44 min.,30 sec.,East)on the common
line of said Abstract lines,a distance of 244.81' to a'/z"steel rod,capped and marked"SOUTEX", set for an
interior corner of the herein described tract;
THENCE,North 36 deg.,45 min., 40 sec., East(Called North 39 deg., 19 min.,40 sec.,East),a distance of
36.00' to a point for corner in the waters of the City of Port Arthur Marina; said point for corner being an exterior
corner of the herein described tract;
THENCE, South 53 deg., 14 min.,25 sec.,East(Called South 50 deg.,40 min.,25 sec., East),a distance of
129.86' to a point for corner in the waters of the City of Port Arthur Marina;
THENCE,North 36 deg.,36 min., 02 sec.,East(Called North 39 deg., 10 min.,02 sec.,East), a distance of
164.48' to a point for corner in the waters of the City of Port Arthur Marina;
THENCE, South 53 deg.,23 min., 58 sec.,East(Called South 50 deg.,49 min., 58 sec.,East), a distance of 6.00'
to a point for corner in the waters of the City of Port Arthur Marina; said point for corner being the Southeast
corner of the herein described tract;
THENCE, South 36 deg.,36 min., 02 sec.,West(Called South 39 deg., 10 min.,02 sec., West),a distance of
346.47' to a point for corner;
THENCE, South 36 deg., 31 min., 16 sec., West(Called South 39 deg., 05 min., 16 sec., West), a distance of
26.69' to a point for corner, same being the Southwest corner of the herein described tract;
THENCE,North 53 deg., 12 min., 58 sec., West(Called North 50 deg., 43 min.,35 sec.,West), a distance of
342.13' passing a'h" steel rod found for the most Easterly Northeast corner of Pleasure Island Tract I,recorded in
File No. 2022037727, Official Public Records,Jefferson County,Texas,continuing for a total distance of 381.46'
to the POINT OF BEGINNING and containing 1.644 acres of land more or less.
This description is based on the Land Survey made under the direct supervision of Anthony M. Leger, Registered
Professional Land Surveyor No. 5481 on March 10, 2026.
City of Port Arthur
26-0080
EXHIBIT 3
Project Overview and Proposed Improvements
Tax Abatement Agreement 5/13/2026 12:30 PM-DRAFT 12
P.R. No. 22961
��// 12/29/22 gd
RESOLUTION NO.��—0l 3
A RESOLUTION ACCEPTING A PROPOSAL FROM SELIM KIRALP,
LLC INVESTMENTS FOR THE PURCHASE AND DEVELOPMENT OF
35.24 ACRES OF LAND LOCATED ON PLEASURE ISLAND AND
FURTHER AUTHORIZING THE NEGOTIATION OF A
DEVELOPMENT AGREEMENT AND ALL NECESSARY DOCUMENTS
TO FACILITATE THE SALE OF SAID LAND
WHEREAS,pursuant to Ordinance 22-11, the City provided for the conduct of a Special
Election on May 7, 2022 to submit a proposition regarding the sale of various land located on
Pleasure Island owned by the City of Port Arthur as provided in Section 253.001(b) of the Texas
Local Government Code; and
WHEREAS, the Special Election was held and pursuant to Ordinance 22-37, the ballot
proposition authorizing to sell a fee title interest in land that the municipality owns, holds. or
claims as a park for fair market value, based upon a certified appraisal. to wit: 35.24 acres of
land out of the H.L. McKee Survey Abstract No. 930, City of Port Arthur Survey Abstract No.
931 & Abstract No. 932. Jefferson County, Texas was approved and adopted by a majority of
votes received from qualified voters of Port Arthur, Texas; and
WHEREAS, subsequently, the City of Port Arthur prepared a request for proposals to
seek qualified and experienced commercial/residential developers to purchase and develop the
above mentioned land in conformity with as set forth in the Texas Local Government Code;
and,
WHEREAS, pursuant to Chapter 252 of the Texas Local Government Code, the
Purchasing and Pleasure Island Department advertised Request for Proposals (RFP) for the
purchase and develop of said land in the Port Arthur Newspaper on September 17, 2022 and
September 24, 2022; and
WHEREAS, one proposal was received on October 26, 2022 from Selim Kiralp, LLC
Investments. The proposal was reviewed, evaluated and scored by City Staff based on the
criteria provided in the RFP. A copy of the score sheet is attached hereto as Exhibit"A": and
WHEREAS,the Pleasure Island Department's recommendation is to accept Selim Kiralp
Investments' proposal as delineated in Exhibit "B'' for the purchase and development of the land
of Pleasure Island.
P.R. No. 22961
12/29/22 gd
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF PORT ARTHUR:
THAT,the facts and opinions in the preamble are true and correct.
THAT,the City Council hereby authorized the acceptance of a proposal from
Selim Kiralp, LLC Investments for the purchase and development of 35.24 acres of land
located on Pleasure Island in accordance with the terms and conditions set forth in the
RFP attached hereto as Exhibit "C" and included for all purposes and further authorizes
the negotiation of a development agreement for the sale of said land at fair market value
and the payment of all closing costs by the developer.
THAT, a copy of the caption of this Resolution be spread upon the Minutes of the City
Council.
READ, ADOPTED AND APPROVED this - -- day of( ,` -`.A.D. 2023 at a
Regular Meeting of the City of Port hur,Texas by the following vote: AYES:
Mayor: J 2 O OiWrn — —
Councilmembers: eill /1149/61LgAii
,6 u y c L d(2.a f i i til .
♦U "SLY � 1 �/J
NOES: I/i lI!. _ 111/wZ -QL ,
a
\--- `4 Lt...6,e_lie-f..)7t_k_-1-
Ingrid Holmes. Mayor Pro Tern
ATTEST:
/1%
SherriEellard, City Secretary ` .._____._--
APPROVED AS TO FORM: APPROVED FOR ADMINISTRATION:
A \
1/ / ,.&_
Val Tizeno / /) Ronald`Burton 1 1
City Attorney ✓ City Manager
P.R.No. 22961
12/29/22 gd
64( L
Clifton Williams, CPPB
Purchasing Manager
Geor e vis
Director of Pleasure Island
Exhibits Are Available For Review In The
City Secretary Office Or Online
Please visit our website: http://www.portarthurtx.gov/ >
4 AGENDAS &, M I N UTES> Agendas> 2023 Agendas>
City Secretary page: http://www.portarthurtx.govi >
City Government> City Secretary
Office Number: (409) 983-8115
Email: citysecretary(a?portarthurtx.gov
P.R. No. 22961
12/29/22 gd
Exhibit "A"
Evaluation Score Sheet
City of Port Arthur
Purchase and Development of 35.24 Acres
of
Land Located on Pleasure Island
Agenda Totals
P22-090
Weight Selim kiralp Investments
Plano. T
Overall Development Concept 250 230
Experience with Floodplain
Reclamation 100 10
Financials for Site 100 88
Developer Qualifications 50 44
Total 500 372
Yolanda Scypion-(ioudeaux, Purchasing Assistant � .. .
Ort rt /tur
P.R. No. 22961
12/29/22 gd
Exhibit "B"
Developer's Proposal
RFP No. 22-090
October 24, 2022
CITY OF PORT ARTHUR
CITY SECRETARY
444 4TH STREET, 4th Floor
PORT ARTHUR, TEXAS 77641
To Whom it May Concern:
As the sole member and manager of Selim Kiralp, LLC, please allow me to convey my
appreciation for allowing us an opportunity to deliver a bid for this RFP to develop
Pleasure Island (the "Island"). The response to this RFP is extremely important as I
previously identified the Island, and the City of Port Arthur (the "City"), as an area ripe for
economic development. I hope that the attached response gives you a glance into our
potential vision for the Island. However, it is my true intention that Selim Kiralp, LLC and
the City form a partnership that will change the face of the Island and ultimately make it
a recreational destination for Texans, Louisianians, and hopefully people from around the
country.
I believe that I am uniquely qualified to bring this vision to the Island. I have run successful
businesses in three different countries, including building and operating seven profitable
hotels in Istanbul, Turkey. I intend to bring the lessons I learned from my international
businesses coupled with the financial stability and reputation of Selim Kiralp, LLC, here
in the United States, to bring a well-researched and respectable product to the Island.
Moreover, Selim Kiralp, LLC will give the City the personal attention and communication
needed to put the city at ease that we are the right ones for the Island. As the member-
manager of Selim Kiralp, LLC, I am intimately involved in all aspects of our deals from
market research to construction and operation. The importance of our setup is that the
City will always have a direct line of communication to the owner of the company. This is
to reflect the importance of our relationship with the City and to ensure the best product
through constant communication. My hope is that the City will equally show its
commitment by partnering with Selim Kiralp, LLC to create the necessary infrastructure
that will support a water-themed park and potentially further financial growth.
Again, I truly look forward to working with the City and invite you to contact me should
you have any quest7ns miatsoever regarding our RFP or anything that I can help clarify.
Sincerely,
Selim Kiral
TAB A-Entit
Selim Kiralp
1025 Damsel Caroline Dr.
Lewisville, TX 75056
(469) 847-0514
selimkiralp(c�selimkiralp.com
Selim Kiralp, LLC
Selim Kiralp, LLC ("SK") is a manager managed limited liability company authorized to
conduct business in the state of Texas. Selim Kiralp serves as SK's managing member.
SK shall serve as the corporate entity that will acquire the land and initiate development
of the Pleasure Island waterpark. SK plans to replot the land and assign or transfer
ownership of portions of the land in connection with various development phases.
SK encloses its House Bill 89 verification, SB 252 Chapter 2252 Certification, and Non
Collusion Affidavit.
TAB B-Dev elo ent Team 1
j
Resume, Skills & Experiences
• Resume
• Real Estate Skills, Experiences &Awards
• Media
• Some of the Projects
1025 Damsel Caroline Dr.
Selim B. Kiraip
Lewisville,TX 75056
(469)847-0514
EXPERIENCE selimkiralp@selimkiralp.com
Selim Kiralp LLC Investments,USA— Owner&Manager
_ia Rea: - ete
-
: :,ems an: developments holding compa Development
gin the right
SBK Real Estate Investments LTD,Turkey —Owner&Manager locations a: 7:9_7:time.
Business Development.
Real Estate Investments air:_: - iiiments holding comet a Property
_. =hotel manager-e: Investment Management.
Risk Management.
Buono Co.,LTD,S. Korea — Owner&Manager
Wealth Management.
en _ acturin g -an.:.. import and export.
Understanding Global
%_
Economn -.7 Va-aging
Imvestmen:s :-- _-__ s
EDUCATION Economy
Hanyang University,S.Korea — Undergrad. AWARDS&CERTIFICATES
= OTA
OTA investor
Silla University,S.Korea — Undergrad&Language Certification
OTA T7: f __iona. 4_si....,.
x:orea-_Language,and an:Electrical engineering rt . analyzer
Malatya Businessman
Association In-.•estor tne
PROJECTS
ear
Real Estate Developments&Investments —Hotels,Apartments, KOIMA i:-_c-: H.x o-:
Offices re ..e_.
investing in real estate and construction of hotels. apartments.reta :
spaces _ .. offices Re-building ding historical buildings and _ .:
Plano Police Department
Nature of nistor;
Frozen Food —Manufacturing,Franchising,&Delivery LANGUAGES
REAL ESTATE SKILLS & EXPERIENCES
Commercial real estate development
Skills Project management
Project planning
Incorporating latest technology into new generation buildings
Cost effective developments
Project risk management
Project coordination,quality control&estimation
Right Developments in the right locations&time
Seleme LLC/Owner&General Contractor
Experiences 201S - PRESENT,USA
Projection of Waco Robinson RV Resort
SBK Real Estate Investments LTD/Developer&General Contractor
2013 - PRESENT,Turks:
Hotel developments a-.:construction
Boutique hotel developments and construction
Luxury and historically protected apartments construct.:
Office building construction
Retail shops and warehouse const• ction
Historically protected mansion rep,=v elopment
Buono F&B Co.,LTD./Owner&General Contractor
- S.K:,.-a
Frozen food factory development and construction
Restaurant franchise developments and constructions
Best boutique hotel of Istanbul
Awards City of Bevoglu certificate of well prctection of historical buildings
Best hostel of Europe
MEDIA
httosliwww.digitaliournal,corn/or/selim-b-kiralo-fast-emerging-as-a-ieadina-name-in-texas-real-estate-
nvestment-and-development-world
httos://www.benzinga.com/oressreleases/21/08/ab22667348/seli m-kiralo-the-energetic-face-behind-
sel im-ki ralo-investment-reaoins-the-benefits-of-real-estat
• https://www.ustimesnow.com/fast-emerging-as-a-leading-name-in-texas-real-estate-investment-and-
deveiooment-world/
• https://www.einnews.com/or news/596553935/selim-kiralp-ilc-announces-its-olans-for-continued-
growth-i n-the-golden-triangle-of-texas
• cttps://www.pru nderground.com/passion-purpose-a nd-precision-how-selim-kiralp-investments-is-
bridgins-the-real-estate-gao-for-a-nation-in-need/00278836/
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re.to - at..v .- onto .. ,rz.n •c,.. •rdu
Selim Kiralp - The Energetic Face Behind Selim Kiralp
Investment Reaping The Benefits Of Real Estate
Development
LI
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Neves Porn C sno'of 4ewsw re
nor,Coop Anna.M",la..ntr o'Sa-+r
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rIEalaaIr.FJ S_POOR7 FOR'TS sEDet[
.anler B,t6.i'Ht•et to Sell;t:ess
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DIGITAL JOURNAL. WORLD TECH&SCIENCE SOCIAL MEDIA BUSINESS ENTERTAINMENT LITE SPORTS
Selim B. Kiralp fast emerging as a leading
name in Texas real estate investment and
development world
,ano-.." Meat 23 202, .ex.rs ..rw a s A aPI
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Fast emerging as a leading name in Texas real estate investment
and development world
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newswires'
Selim Kiralp LLC Announces Its Plans for
Continued Growth in the Golden Triangle of
Texas
,3
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PR UNDERGROUND
ONLINE PRESS RELEASE DISTRIBUTION SERVICE
Passion, Purpose, and Precision: How Selim Kiraip
Investments Is Bridging the Reaf Estate Gap for a
Nation in Need
From Apartments to Once Spaces. T wnhomes. Retail Spaces.Complexes.Hotels.and
Everything in Between.Selim Kiraip Leads the Way with Transparency and Authenticity
Port Arthur,TX(PRUnderground)October 20th.2022
.s^c secret that the nat.on is'acng an,,nprecedented crisis unlike anything seen oefore inflation;s at ar
ae= a nor sending the once cf coo gas housing rent anc the general cost o' v,ng tnreugr the roof
Vary areas Ike Cent-a'Texas we facrg the classic struggle of sun",art-cemarc'on a wide enough
-arge o1 luxe yet affordable spaces tc h a-rarer,of needs Seri—- :stments t*e.ndust^. ease'
.;ornrne'caa rem estate deve-ooments's prouc t0 Onage the gao -._., purpose arc ores sio^
As any successful DJsi-es.. a-n.ncws.success:5'ooked at.:
de-a microscope Critics ^evitacry come fro,-..^ear and tar!u
Offer their two cents on n0.'.in ^ IC•riiv. • b to 9irfe•er;
poi ,>>1; -y make speculations an se -eir oc OurEat c^
aw
`!owever these critics have not dtsocutagec Sel, o ire
contra", they nave on motivated r.:.r`is cc_bete- air"n.^yrer anC
take 3^-anger projects t0'nee:the needs^'grow .-'.es
"here is always risk:n every business b-' :.:^
me nses into educated and calculated noes At tnt enc._. _r;:1,
the,mcortant Irving m IAe to-me:s b-clew.t-sst Oe?;e` scan op
defending loyalty arc treating everyc•;e'a'--arc,continue tc uphold These va::.es.r;ererytr:r.y ��
sines
Some Completed Projects and Construction Highlights
• Construction
Highlights: *Fire Res st ve
'Concrete & Stee
'Underfloor heath` & System Air Conditioning
" Smart Building Yh, •-• a -ternet connections and contras wit' : __ _ _
contra. neatng. a _ _ :.ons for each room. gas contro~, oder cose a- 7 : A
ma and room doors -- on off TVs. CCTV cameras, etc.';
�4
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• Hotels
,. .# '�• . w - Daru Sultan Hotel
a
., i , [ - Walten Gardens Pera Hotel
Galatolia Suites
i . ..
— Firuze Aparts and
, i Guesthouses
- Utarit Hotel
si-
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Jinkook Yang
+82 10 4267 3345 • realnation@naver.com • Seoul,Republic Of Korea
Summary Resourceful Architect adeptly integrates various environmental approaches to maintain
large-scale commercial projects.Knowledgeable understanding of AEC environments more
than 30 years to promote more sustainable design and construction practices.Resourceful
knowledge of considerations governing planning,creation and inspection aspects to meet
government mandates.
Skills • QA and QC Processes • Site Planning and Design Expert
• Schematic Design • Construction Estimation
• Construction Methodology • Project Planning
Experience 01/2013 - Current
Director of Architecture, Sumin Construction Co., Ltd., Seoul, Republic Of
Korea
06'2001 - 12,2004
Design Team Leader, Samsung C&T Corporation, Seoul, Republic Of Korea
03/1991-05/2001
Construction Management Team Leader, Hanjin Engineering&Construction
Co,Seoul,Republic Of Korea
03/1981 - 12/1991
Architect,Shinhan Architects&Engineers Co., Ltd., Seoul, Republic Of Korea
Education And 02/1981
Bachelor Of Science,Department of Architecture
Training Seoul National Univ Of Science And Technology.Seoul,Republic of Korea
Major Projects 1.Airport Facilities
-Incheon International Airport Phase 1 and 2(Passenger Terminal 1 and Ancillary Buildings,
Concourse)Design
-Incheon International Airport Hyatt Regency Hotel Design
2.Military Facilities
-Republic of Korea Air Force No.7703-96-Z maintenance depot and auxiliary facilities design
-Goesan Military School Samsung Consortium(127 buildings)design
3.Medical Facilities
-Inha University Affiliated Hospital Design
-Hangang Sungsim Hospital Senior Health Medical Center Design
4.Educational Facilities
-Korea Aerospace University Susaek Campus Main Building,Student Union and Engineering-
Science Building Design
-Inha Technical University Lectural Building Design
A33-3
0 ,
R E/MAX
Bilal Asmar
I ' Realtor
'' I am a well known agent in the industry®ularly work
with the Vice Presidents of most leading commercial real
estate companies in Texas. I have been a Commercial&
Residential real estate investor for 30 years. I have previously
managed,owned,&operated many retail businesses for
over 30 years.I use the Internet to optimize exposure for my
listings and approach all of my leads personally as well as
• AWARDS generate new leads.
RE/MAX's#1 Commercial Agent �
in Texas 2022 I�SI Bilal.asmar@gmail.com a (469)777-2449
Inducted into the RE/MAX Hall 9 Dallas. TX CZ
of Fame;1st Quarter 2022
RE/MAX's#1 Commissions
Earned;1st Quarter2022 0 WORK EXPERIENCE
RE/MAX's#1 Team Commissions
Earned;2nd Quarter 2022 • Realtor
Won CoStar's Best of the Best RE/MAX
Broker 2020&2021 03/2014—Present
r
CoStar's ranked#1 in • Successfully conduct retail sales, acquisitions, and
Commercial Leasing in DFW leasing;
2021 • Office sales, acquisitions, and leasing;
Costar's ranked#3 in • Multi-family sales, acquisitions, and leasing;
Commercial Leasing in DFW • Industrial sales,acquisitions, and leasing;
2020 • Commercial auction properties;
RE/MAX's#1 Commissions Land sales&acquisitions
Earned;1st Quarter 2021
RE/MAX's#1 Commercial
Individual Dallas Council;2nd,
3rd,&4th Quarter 2020 SKILLS
RE/MAX's#1 Commercial • • Customer Service
Individual Dallas Council;3rd • Investment Properties
Quarter 2019 • Strategic Planning
• Commercial Real Estate
i
CERTIFICATIONS • Contract Negotiation
• Risk Assessment
• Investment Flips
Commercial Real Estate • Land Development
Champions School of Real Estate
Certified Home Marketing Specialist EDUCATION
Champions Real Estate Group
• Champions School of Real Estate
SI LANGUAGES • Commercial Real Estate
• Real Estate Investing
• Property Management
English
Spanish • Certified Home Marketing Specialist
I
Arabic • NYU Schack Institute of Real Estate
A: :-4
Aziz OZYILMAZ
Civil Engineer
Experience
Contact
0 2012 - 2020
Phone - -
315-334-3878
MANAGING PARTNER
Email =
azizozyilmaz@gmail.com
Address
11700 Lebanon Road Unit 625
Frisco TX 75035
Education
2004
Yildiz Technical University
ISTANBUL/TURKEY
Civil Engineering
Expertise
• Project Management
• Design Managament
• Construction
L
• Budget and Cost Control
• Architectural and Interior Design =
• Real Estate Investment
U
Language 0 _
English
Turkish _
0 1
Aziz OZYILMAZ
3�
- Civ i Eng ; ne
t>e
Experience
0 2007 - 2012
Contact DIRECTOR of PROJECT & DESIGN
Phone
315-334-3878
Email
azizozyilmaz@gmail.com
Address
11700 Lebanon Road Unit 625
Frisco TX 75035
O
Education 0 2006 - 2007
2004 PLANNING MANAGER
Yildiz Technical University
ISTANBUL/TURKEY
Civil Engineering
b
Expertise 0 23-- 2_)06
• Project Management TECHNICAL OFFICE RESPONSIBLE & SITE MANAGER ASIST.
• Design Management
• Construction
• Budget and Cost Control
• Architectural and Interior Design
• Real Estate Investment
Language Reference
English Alaeddin BABAOGLU Kerim CIN
Turkish
Phone. Phone:
Emaii Emai'
2
Aziz OZYILMAZ
Civil Engineer
COMPLETED PROJECTS - COLLIERS INT. PROJECT MANAGEMENT
.. pI:xos HOiTEL GROUP- L" LR E` _ _ - - � _
_ COLLIERS INTERNATIONAL PM SERVICES - TURKEY
-^�"` Project Investment Valuation & Cost Control Services
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Aziz OZYILMAZ
Civil Engineer
COMPLETED PROJECTS - COLLIERS INT. PROJECT MANAGEMENT
__'AN? HEAD Q, ARTEK : u= _-a. .__ :VE—
COLLIERS INTERNATIONAL PM SERVICES- TURKEY
Initial & Final Technical Due Dilligence
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PRESS RELEASE
MOVENPICK GOLDEN HORN HOTEL
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• Aydan OZYILMAZ
Contact Experience
Phone 0 i -
315-281-6567 ^.
MANAGING PARTNER
Email
ozyilmazaydan@gmail.com
Address
11700 Lebanon Road Unit 625
Frisco TX 75035
Education
2000
University of Providence
Great Falls/ MONTANA
Political Science and International
Relations O 2012 - 2014
G_._
1992 GENERAL MANAGER
Charles M.Russell High
School
Great Falls/MONTANA a 2009 2012
DIRECTOR OF SALES & MARKETING
Expertise
• Sales and Marketing 0 2005 - 2008
• Hotel General Manager DIRECTOR OF SALES & MARKETING
• Hotel Management
O 2003 - 2005
DIRECTOR OF BUSINESS DEVELOPMENT
Language
English 0 2000 - 2003
French
Turkish SALES EXECUTIVE
,TAB REG.cept 1
PLEASURE ISLAND WATERPARK
Upon a portion of the Land, Developer proposes to construct a water-themed amusement
park, featuring water-play attractions that may include, without limitation, swimming pools,
water slides, splash pads, water playgrounds. and lazy rivers, as well as areas for floating,
bathing, swimming, and other barefoot environments, along with accompanying parking
areas to accommodate its visitors ("Pleasure Island Water Park"). Developer tentatively
plans that the Pleasure Island Waterpark house indoor and outdoor water attractions—
with approximately one third of the attractions being indoor. Developer anticipates
Pleasure Island Waterpark to complement other development phases of the Land, which
may include any combination of recreational, hotel, hospitality, retail, office, and
residential uses.
Developer currently projects that the Pleasure Island Waterpark (exclusive of parking
facilities and other common areas)would feature between 250,000 and 400,000 square
feet of water-themed attractions, while drawing between 400,000 and 600,000
visitors per calendar year, while being open (whether "indoor/outdoor" attraction
or"indoor attractions only") more than 300 days per calendar year. Pleasure Island
Waterpark would employ more than one hundred individuals (on both full-time and
part-time basis).
TAB [ cept 2
Waterpark Concepts
Lazy River
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AREA&PUBS(AROUND THE LAKE)
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OVERALL BUILDING LAYOUT
2
Pt 4
Pleasure Island Market
Research
Construction Summary
Overall Construction Summary
All-Time Annual Average Delivered Past 8 Quarters Deliveries Next 8 Quarters
Proposed Next 8 Quarters
120 0 0
MAP OF 24 MONTH DELIVERIES, UNDER CONSTRUCTION, PROPOSED
PAST AND FUTURE DELIVERIES
Under Construction Properties
Properties Units Percent of Inventory Avg. No.Units
000% 0
Low Average Median High
Property Size in Units - - - -
Number of Stories - - - -
Average Unit Size SF - - - -
Star Rating
Estimated Delivery Date - - - -
Months to Delivery - - - -
Construction Period in Months - - -
Under Construction Properties
No under construction properties found.
Deliveries Past 12 Months Summary
Properties Units Vacancy Rate Avg.Asking Rent/Unit
Unit Mix Low Average Median High
Property Size in Units - - - -
Studio Units - - -One Bedroom Units - - - -
I
•
Two Bedroom Units - - - -
Three Bedroom Units - - - -
Property Attributes Low Average Median High
Number of Stories - - - -
Average Unit Size SF - - - -
Rating
Leasing Performance Low Average Median High
Vacancy Rate - - - -
Asking Rent Per Unit - - - -
Effective Rent Per Unit - - - -
Asking Rent Per SF - - - -
Effective Rent Per SF - - - -
Concessions - - - -
Deliveries Past 12 Months
No delivery properties found.
UNITS UNDER CONSTRUCTION
Ji1
250
100
50
0
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
• P3s'C r.r:ctie ■ r'en',. der Canstruc`ior
CONSTRUCTION DELIVERIES IN UNITS
200
160
160
140
120
"!J✓
80 •
60 •
40
20
0
1 k I I 1 i I I 1 I
2011 2012 2013 2014 2015 2016 2017 2018 2013 2020 2021 2022
PERCENT OCCUPIED AT DELIVERY
3 0•
•
•
40,
tkt
.FL
_ fz• i
l..
I
2c-, 2012 2013 2014 20'5 2016 201' 2018 2019. 202E 2:2' 2022
NEW CONSTRUCTION OCCUPANCY AFTER DELIVERY BY YEAR BUILT
100%
80%
40% .
20%
Delivery Q1 Q2 Q3 Q4 Q5 Q8 Q' Q8
2020
ABSORPTION IN UNITS
ASKING RENTAL RATES PER UNIT
S1,800 .. _ •
$1.600
$1.400
$1.200
$1,000
S800 .•,
$600 i
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Rents In Deliveries Within II Overall Average Rent
I. 3 Years
Sale Comparables Summary
Sale Comparables Avg.Price/Unit(thous.) Average Price(mil.) Average Vacancy at Sale
Sales Attributes Low Average Median High
Sale Price - - - -
Price Per Unit - - - -
Cap Rate - - - -
Vacancy Rate at Sale - - - -
Time Since Sale in Months - - - -
Property Attributes Low Average Median High
Property Size in Units - - - -
Number of Floors - - - -
Average Unit SF - - - -
Year Built - - - -
Star Rating
Sale Comparables Summary
No Sale Comparables Found
Sale Comparables
No Sale Comparables Found
Sales Volume
PORT ARTHUR/GROVES NEIGHBORHOOD SALES VOLUME IN UNITS
Sales Pricing
Geography Transaction Low Bottom 25% Median Average Top 25% High
s
United States 24,110 $5,00 $68,89 $187,58 $229,56 $490,77 $21,818,11
0 1 4 0 6 3
Beaumont 5 $53,00
0
$79,68 $118,50 $131,26 $143,52
5
$157,884
6 6 0
Port 1 $157,88 N/A $157,88 $157,88 N/A $157,884
Arthur/Grove 4 4 4
s
Selected 0 - - - - -
Sale Comps
Sales Pricing
Geography Transactions Low Bottom 25% Median Average Top 25% High
United States 7,860 1.0% 3.3% 4.8% 5.2% 7.9% 25.0%
Beaumont 3 6.4% N/A 7.2% 8.4% N/A 11.6%
Port Arthur/Groves 1 11.6% N/A 11.6% 11.6% N/A 11.6%
Selected Sale 0 - - - - - -
Comps
PRICE PER UNIT SUMMARY FOR SALES IN PAST YEAR Cap Rates
CAP RATE SUMMARY STATISTICS IN PAST YEAR
Buyers
TOP BEAUMONT MULTIFAMILY BUYERS PAST TWO YEARS
Properties Bought Properties Sold
Company Name Bldgs Units Volume Bidgs Units Volume
RREAF Holdings 2 512 S63.520.987 0 0
Blackstone Inc. ' 246 $38.839.504 0 0 -
Hudson Advisors L P 1 176 S20.856.984 0 0 -
Joel He•sko 2 316 3'2 400.000 0 C
AMBO Properties 3 394 S'0.850.000 0 0 •
Compgsolt.Inc 1 '20 $5 100.000 0 0 -
Kimberly Workman 1 20 $1.060.000 0 0 -
Karan Korpai 2 46 S825 000 0 0 -
TYPES OF MULTIFAMILY BEAUMONT BUYERS PAST TWO YEARS
Buying Volume Average Purchase
Company Type Bldg Units Million Price/Unit Avg Price
s s
Private 10 1'88 $688.6 $68,832 $8,865,598
Private 1 2461101 $38.8 $157,88 $38,839,50
Equity _^'^ 4 4 4
Institutional 1 176 $20.8 $118.50 $20,856,98
6 5 4
REIT/Public 0 0 - - -
$0 $23 $46 $69 $92
Sellers
TOP BEAUMONT MULTIFAMILY SELLERS PAST TWO YEARS
Properties Sold Properties Bought
Company Name Bldgs Units Volume Bldgs Units Volume
BSR Rea Estate Investment Trust 2 512 $63.520.987 3 0 -
Preferred Apartment Communities.Inc 246 $38.839,504 0 0 -
Macquarie Principal Finance Pty Ltd 1 176 $20.856,984 0 0 -
Pillar Income Asset Management 1 176 $20.856.984 0 0 -
Windy City RE 1 96 $12.400.000 0 0 -
Dwell Wise.LP 2 125 $10.850.000 0 0 -
Inff Investments Lic 1 120 $5 100.000 0 0 -
Dennis&Penelope McBryan 1 20 $1.060.000 0 0 -
Pecos&Minor Lic 1 22 $825.000 0 0 -
Joshua Hieronymus 1 7 $255.000 0 0 -
Michael John Richard 1 4 $69,000 0 0 -
TYPES OF MULTIFAMILY BEAUMONT SELLERS PAST TWO YEARS
Selling Volume Average Sale
Company Type Bldg Unit Million Price/Unit Avg Price
s s s
REIT/Public 3 758 $102.3 $135,04 $34,120,16
6 0 3
Private 8 394 630.5 $77,560 $3,819,875
Private 1 176 $20.8 $118,50 $20,856,98
Equity 6 5 4
Institutional 1 176IIII
$20.8 $118,50 $20,856.98
6 5 4
$0 $30 $60 $90 $120
580 Pleasure Pier Blvd - Pleasure Isla ...
PREPARED BY
Bilal Asmar
Commercial Realtor
Demographic Overview
Population(1 mi) Avg.NH Size(1 mi) Avg.Age(1 mi) Med.HH Inc.(1 mi)
Population 1 Mile 3 Mile 5 Mu.
2022 Population 522 17,936 41.488
2027 Population 532 17.752 40.642
Pop Growth 2022-2027 1.9% (1.0%) (2.0%)
2022 Average Age 43 38 37
Households
2022 Households 223 6,542 15.025
2027 Households 227 6,479 14,733
Household Growth 2022- 1.8% ( .0%) (1.9%)
2027
Median Household Income $29.721 $35,959 $40,351
Average Household Size 2.3 2.7 2.7
Average HH Vehicles 2 2
Housing
Median Home Value $68.103 $61.495 $71.346
Median Year Built 1954 1953 1957
Age & Education
Ethnicity
POPULATION BY RACE
2022 Population
Race 1 Mile 3 Mile 5 Mile
White 82 15.71% 5,521 30.78% 20.645 49.76%
Black 430 82.38% 11,137 62.10% 17.239 41.55%
Asian 1 <1% 703 3.92% 2.206 5.32%
American Indian 8 Alaskan 1 <1% 299 1.67% 687 1.66%
Hawaiian 8 Pacific Islander 0 0.00% 8
< 1% 33 <1%
Other 18 1.53% 267 1.49 678 1.63%
MILITARY POPULATION
2022 Population
1 3 Mile 5 Mile
Mile
Military 0 0.00% 10 <1% 17 <1%
14
Non-Military g 100.00 5,27 99.81 13,76 99.88
Workforce % 6 % 2 %
Page 67
Port Arthur/Groves
•'aft CoStar
PREPARED BY
Bilal Asmar
Commercial Realtor
Overview
12 Mo. Delivered Units 12 Mo.Absorption Units
0 (78)
Vacancy Rate 12 Mo.Asking Rent Growth
11 .8% 2 .9%
The vacancy rate in the Port
Arthur/Groves Submarket has expanded moderately over the past year, but at 11.8%, essentially aligns
with the long-term average.
While developers have been active in recent years, nothing has delivered over the past 12 months. New
supply will remain minimal in the near-term as nothing is currently underway. Rents have increased by an
Historical Forecast
Annual Trends Month Average Average Peak When Trough When
Vacancy Change 2.3% 10.9% 11.6% 25.6% Q1 6.3% Q3
(YOY)
Absorption Units (78) 46 (9) 543 Q4 (556) Q1
Delivered Units 0 56 0 656 Q3 0 Q3
Demolished Units 0 0 1 0 Q3 0 Q3
Asking Rent 2.9% 1.6% 1.8% 7.8% Q2 -2.8°/i Q4
Growth(YOY)
Effective Rent 2.8% 1.6% 1.8% 8.7% Q2 -3.4% Q4
Growth(YOY)
Sales Volume $38.8M $7.7M N/A $49.7M Q3 $0 Q1
Current Quarter Units Vacancy Asking Effective Abforption Delivered Constr
Under
Rate Rent Rent Units Units Units
&5 Star 1.034 6.0% $1,148 $1.143 4 0 0
Star 873 18.0% $1,039 $1.030 0 0 0
&2 Star 1.519 12.2% $853 $847 0 0 0
Submarket 3,428 11.8% $991 $984 4 0 0
KEY INDICATORS
impressive 2.8% over the past year, which exceeds the average annual growth of 2.1%over the past
decade.
There is some investment activity in the Port Arthur/Groves Submarket. Over the past three years,
there have been 10 transactions.The market price,which is an estimated price of all properties in the
submarket, has risen dramatically over that time period and now stands at$99,816/unit.
Vacancy
Vacancy
Rent
Apartments command an average price Port Arthur/Groves Multi-Family
tag of about$990/month in the Port
Arthur/Groves Submarket, right in rowth rate over the past three years.
line with the average in the Inger-term view, apartment rents in Port Arthur/Groves
structurally affordable Beaumont their 10-year-ago levels. That comes just below the
metro. 3.2% metro-wide uptick over the past decade.
Rents in the submarket grew by a
moderate 2.8%year over year as of
2022Q4, which was about the same
as
DAILY ASKING RENT PER SF
•
x'
•
Rent
Construction
Construction
All-Time Annual Avg.Units Delivered Units Past 8 Qtrs Delivered Units Next 8 Qtrs
Proposed Units Next 8 Qtrs
5 6 0 0
PAST 8 QUARTERS DELIVERIES.. UNDER CONSTRUCTION,&PROPOSED
PAST&FUTURE DELIVERIES IN UNITS
Sales
Port Arthur/Groves recorded 5 apartment sales over the past year, which is roughly in line with the
number of deals in any given year. Over the past five years, annualized sales volume has averaged$6.7
million. But volume hit$38.8 million during these past 12 months,the highest level recorded over that
five-year period.
The market price,which is derived from the price SALES VOLUME&MARKET SALE PRICE PER UNIT movement
of all apartment communities in the submarket, now sits at$99,816/unit.That figure is up from this time last
year. and pricing is roughly in line with the metro's average.The market cap rate has held firm at 6.1%, and
it's in close range of the region's average. The current rate is under the submarket's five-year average.
Sales
MARKET CAP RATE
0
2�0 Forecast
7.0%
6.8% .
6.6%
6.4%
6.2%
6.0%
5 8%
5.6°;0 i +_ i • I , •
2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
■ Port Ac-.r•Groves 3 Ste, • Pert Arthur,Groves 4-5 Star • Port.Arthur'Groves Beaumo
Sales Past 12 Months
Sale Comparables Avg.Price/Unit(thous.) Average Price(mil.) Average Vacancy at Sale
Sales Low Average Median High
Attributes
Sale $38,839,504 $38,839,504 $38,839,504 $38,839,504
Price
Price/Un $157,884 $157,884 $157,884 $157,884
it
Cap 11.6% 11.6% 11.6% 11.6%
Rate
Vacancy 4.5% 21.4% 16.6% 51.1%
Rate At
Sale
Time 0.4 3.1 3.7 4.4
Since
Sale in
Months
Property Low Average Median High
Attributes
Property 14 133 136 246
Size in
Units
Number 2 2 2 3
of Floors
Average 546 773 831 882
Unit SF
Year 1958 1973 1962 2010
Built
Star if 1
�r * * * * *
Rating 3.3
Sales Past 12 Months
RECENT SIGNIFICANT SALES
Property Information Sale Information
Property Namo/Addrees Ratin Yr Unit Vacanc Sale Date Price Price/Unit Price/S
y Built s y F
Stone Creek Port Arthur 6/23/202 $38,839.50 $157,88
3035 Lake Arthur Dr 2010 246 4.5% 2 4 4 $165
Port Arthur Park 10/6/202
Apartments 1959 186 51.1% 2 - - -
1348 Jefferson Dr
-oo!cara Acarrrerts
5035 Monroe St 1965 86 4.7% 7/5/2022 - - -
349.effe-sor
1958 14 28.6% 6/6/2022 - - -
OVERALL SUPPLY&DEMAND
Inventory Absorption
Year Units Growth %Growth Units %of Inv Construction Ratio
2026 3.422 (1) 0% (16) -0.5% 0.1
2025 3.423 (1) 0% (10) -0.3% 0.1
2024 3,424 (1) 0% 8 0.2% -
2023 3,425 (1) 0% 16 0.5% -
2022 3,426 0 0% (38) -1.1% 0
YTD 3,426 0 0% (34) -1.0% 0
2021 3,426 0 0% 45 1.3% 0
2020 3.426 190 5.9% 161 4.7% 1.2
2019 3,236 0 0% 133 4.1% 0
2018 3.236 0 0% 272 8.4% 0
2017 3,236 0 0% (529) -16.3% 0
2016 3,236 0 0% 12 0.4% 0
2015 3,236 0 0% (59) -1.8% 0
2014 3,236 0 0% 203 6.3% 0
2013 3,236 0 0% (15) -0.5% 0
2012 3,236 0 0% (15) -0.5% 0
2011 3,236 0 0% 97 3.0% 0
1 2010 3,236 630 24.2% 543 16.8% 1.2
4&5 STAR SUPPLY&DEMAND
Inventory Absorption
Year Units Growth X Growth Units %of Inv Construction Ratio
2026 1,034 0 0% (5) -0.5% 0
2025 1,034 0 0% (3) -0.3% 0
2024 1,034 0 0% 3 0.3% 0
2023 1,034 0 0% 6 0.6% 0
2022 1,034 0 0% (11) -1.1% 0
YTD 1,034 0 0% (10) -1.0% 0
2021 1,034 0 0% 37 3.6% 0
2020 1,034 0 0% 9 0,9% 0
2019 1,034 0 0% 111 10.7% 0
2018 1,034 0 0% (80) -7.7% 0
2017 1,034 0 0% (58) -5.6% 0
2016 1,034 0 0% (9) -0.9% 0
2015 1,034 0 0% (22) -2.1% 0
2014 1,034 0 0% 70 6.8% 0
2013 1,034 0 0% 30 2.9% 0
2012 1,034 0 0% 12 1.2% 0
2011 1,034 0 0% 112 10.8% 0
2010 1,034 618 148.6% 514 49.7% 1.2
3 STAR SUPPLY&DEMAND
Inventory Absorption
Year Units Growth %Growth Units %of Inv Construction Ratio
2026 873 0 0% (4) -0.5% 0
2025 873 0 0% (3) -0.3% 0
2024 873 0 0% 2 0.2% 0
2023 873 0 0% 4 0.5% 0
2022 873 0 0% 22 2.5% 0
YTD 873 0 0% 23 2.6% 0
2021 873 0 0% (42) -4.8% 0
2020 873 190 27.8% 97 11.1% 2.0
2019 683 0 0% 0 0% -
2018 683 0 0% 71 10.4% 0
2017 683 0 0% (47) -6.9% 0
2016 683 0 0% 27 4.0% 0
2015 683 0 0% (3) -0.4% 0
2014 683 0 0% 32 4.7% 0
2013 683 0 0% (48) -7.0% 0
2012 683 0 0% (6) -0.9% 0
2011 683 0 0% (8) -1.2% 0
2010 683 0 0% (1) -0.1% 0
1 &2 STAR SUPPLY&DEMAND
Inventory Absorption
Year Units Growth %Growth Units %of Inv Construction Ratio
2026 1,515 (1) -0.1% (7) -0.5% 0.1
2025 1,516 (1) -0.1% (4) -0.3% 0.3
2024 1,517 (1) -0.1% 3 0.2% -
2023 1,518 (1) -0.1% 6 0.4% -
2022 1,519 0 0% (49) -3.2% 0
YTD 1,519 0 0% (47) -3.1% 0
2021 1,519 0 0% 50 3.3% 0
2020 1,519 0 0% 55 3.6% 0
2019 1,519 0 0% 22 1.4% 0
2018 1,519 0 0% 281 18.5% 0
2017 1,519 0 0% (424) -27.9% 0
2016 1,519 0 0% (6) -0.4% 0
2015 1,519 0 0% (34) -2.2% 0
2014 1,519 0 0% 101 6.6% 0
2013 1,519 0 0% 3 0.2% 0
2012 1,519 0 0% (21) -1.4% 0
2011 1,519 0 0% (7) -0.5% 0
2010 1,519 12 0.8% 30 2.0% 0.4
OVERALL VACANCY&RENT
Vacancy Market Rent Effective Rents
Year Units Percent Ppts Chg Per Unit Per SF %Growth Ppts Chg Units Per SF
2026 407 11.9% 0.4 $1,083 $1.30 1.9% (0.5) $1,076 $1.29
2025 392 11.4% 0.3 $1,063 $1.27 2.5% 0.5 $1,056 $1.26
2024 383 11.2% (0.2) $1,038 $1.24 2.0% (1.2) $1,031 $1.23
2023 392 11.4% (0.5) $1,018 $1.22 3.1% 1.4 $1,011 $1.21
2022 408 11.9% 1.1 $987 $1.18 1.7% (5.3) $980 $1.17
YTD 405 11.8% 1.0 $991 $1.19 2.8% (4.2) $984 $1.18
2021 372 10.9% (1.3) $970 $1.16 7.0% 8.9 $959 $1.15
2020 415 12.1% 0.2 $907 $1.09 -1.9% (3.6) $891 $1.07
2019 384 11.9% (4.1) $925 $1.11 1.6% (2.2) $909 $1.09
2018 517 16.0% (8.4) $910 $1.09 3.8% 1.8 $903 $1.08
2017 789 24.4% 16.4 $876 $1.05 2.0% 0.6 $871 $1.04
2016 260 8.0% (0.4) $859 $1.03 1.4% 0.2 $839 $1
2015 272 8.4% 1.8 $847 $1.01 1.3% 1.1 $812 $0.97
2014 212 6.6% (6.2) $837 $1 0.2% (1.5) $818 $0.98
2013 414 12.8% 0.5 $835 $1 1.7% 0.9 $819 $0.98
2012 397 12.3% 0.5 $821 $0.98 0.8% 0 $804 $0.96
2011 382 11.8% (3.0) $814 $0.97 0.8% 1.7 $807 $0.97
2010 479 14.8% (0.2) $807 $0.97 -0.9% - $793 $0.95
4&5 STAR VACANCY&RENT
Vacancy Market Rent Effective Rents
Year Units Percent Ppts Chg Per Unit Per SF %Growth Ppts Chg Units Per SF
2026 61 5.9% 0.4 $1,235 $1.41 1.9% (0.7) $1,229 $1.40
2025 57 5.5% 0.2 $1,212 $1.38 2.5% 0 3 $1,207 $1.38
2024 54 5.2% (0.3) $1,182 $1.35 2.2% (1.2) $1,177 $1.34
2023 57 5.5% (0.6) $1,156 $1.32 3.4% 8.8 $1,151 $1.31
2022 63 6.1% 1.0 $1,118 $1.27 -5.4'/0 (19.3) $1,113 $1.27
YTD 62 6.0% 0.9 $1.148 $1.31 -1.6% (15.5) $1,143 $1.30
2021 53 5.2% (3.4) $1,181 $1.35 14.0% 18.8 $1.179 $1.34
2020 89 8.6% (0.7) $1,036 $1.18 -4.8% (6.3) $1,021 $1.16
2019 96 9.3% (10.7) $1,088 $1.24 1.5% (2.0) $1,087 $1.24
2018 207 20.0% 7.7 $1,072 $1.22 3.5% 4.0 $1,063 $1.21
2017 127 12.3% 5.6 $1,036 $1.18 -0.5% (0.6) $1,030 $1.17
2016 69 6.7% 09 $1,042 $1 19 0.1% 3.3 $1,013 $1.16
2015 60 5.8% 2.1 $1,041 $1.19 -3.2% (2.1) $954 $1.09
2014 39 3.7% (6.8) $1,076 $1.23 -1.1% (2.8) $1,035 $1.18
2013 109 10.6% (2 8) $1,087 $1.24 1.7% 1.3 $1,054 $1.20
2012 138 13.4% (1.2) $1,069 $1.22 0.4% (0.1) $1,039 $1.18
2011 150 14.5% (10.9) $1,065 $1.21 0.5% 3.6 $1.053 $1.20
2010 264 25.5% (12.7) $1,060 $1.21 -3.1% - $1,025 $1.17
3 STAR VACANCY&RENT
Vacancy Market Rent Effective Rents
Year Units Percent Ppts Chg Per Unit Per SF %Growth Ppts Chg Units Per SF
2026 160 18.3% 0.5 $1,145 $1.43 1.9% (0.5) $1,136 $1.42
2025 156 17.8% 0.3 $1,124 $1.40 2.4% 0.6 $1,115 $1.39
2024 153 17.5% (0.2) $1,097 $1.37 1.8% (1.2) $1,088 $1.36
2023 154 17.7% (0.4) $1,078 $1.34 3.0% (0.6) $1,069 $1.33
2022 158 18.1% (2.5) $1,046 $1.30 3.6% 0.2 $1,038 $1.29
YTD 157 18.0% (2.6) $1,039 $1.30 3.4% 0 $1,030 $1.28
2021 180 20.6% 4.8 $1,010 $1.26 3.4% 6.0 $1,002 $1.25
2020 138 15.8% 9.2 $977 $1.22 -2.6% (5.0) $943 $1.18
2019 45 6.6% 0 $1,003 $1.25 2.4% (1.4) $955 $1.19
2018 45 6.6% (10.4) $980 $1.22 3.8% 1.8 $976 $1.22
2017 116 17.0% 6.8 $944 $1.18 2.0% 0.2 $936 $1.17
2016 69 10.1% (4.1) $925 $1.15 1.9% (3.2) $902 $1.12
2015 97 14.2% 0.5 $908 $1.13 5.1% 4.1 $893 $1.11
2014 93 13.7% (4.5) $864 $1.08 1.0% (0.1) $854 $1.06
2013 124 18.2% 7.1 $856 $1.07 1.2% 0.4 $844 $1.05
2012 76 11.1% 0.9 $846 $1.05 0.8% 0.2 $835 $1.04
2011 69 10.1% 1.3 $839 $1.05 0.6% (0 7) $833 $1.04
2010 60 8.8% 0.1 $834 $1.04 1.3% - $828 $1.03
1 &2 STAR VACANCY&RENT
Vacancy Market Rent Effective Rents
Year Units Percent Ppts Chg Per Unit Per SF %Growth Ppts Chg Units Per SF
2026 186 12.3% 0.4 $942 $1.14 1.9% (0.5) $936 $1.13
2025 180 11.8% 0.2 $925 $1.12 2.4% 0.6 $918 $1.11
2024 176 11.6% (0.2) $903 $1.09 1.8% (12) $897 $1.08
2023 180 11.8% (0.4) $887 $1.07 3.0% (4 6) $880 $1.07
2022 187 12.3% 3.2 $861 $1.04 7.6% 4.5 $855 $1.03
YTD 185 12.2% 3.1 $853 $1.03 6.8% 3.7 $847 $1.03
2021 138 9.1% (3.3) $800 $0.97 3.1% 1.7 $780 $0.94
2020 188 12.4% (3.6) $776 $0.94 1.4% 0.2 $771 $0.93
2019 243 16.0% (1.5) $765 $0.93 1.2% (2.9) $759 $0.92
2018 265 17.5% (18.5) $756 $0.91 4.1% (0.5) $749 $0.91
2017 546 35.9% 28.0 $726 $0.88 4.6% 2.0 $722 $0.87
2016 121 8.0% 0.4 $694 $0.84 2.6% (0.8) $682 $0.83
2015 115 7.6% 2.3 $676 $0.82 3.4% 2.3 $666 $0.81
2014 80 5.3% (6.6) $654 $0.79 1.1% (1.1) $646 $0.78
2013 180 11 8% (0 2) $647 $0.78 2.2% 0.8 $641 $0.78
2012 183 12.0% 1.4 $633 $0.77 1.4% 0 $623 $0.75
2011 162 10.7% 0.5 $625 $0.76 1.4% 1.2 $621 $0.75
2010 155 10.2% (1.3) $616 $0.75 0.2% - $612 $0,74
OVERALL SALES
Completed Transactions(1) Market Pricing Trends(2)
Year Deals Volume Turnover Avg Price Avg Price/Unit Avg Cap Rate Price/Unit Price Index Cap Rate
2026 - - - -
-
-
$106,883 289 6.2%
2025 - - - -
-
-
$104,685 283 6.2%
2024 - - - - - - $102,050 276 6.2%
2023 - - - - -
-
$99,849 270 6.2%
2022 - - - -
-
$99,006 268 6.1%
YTD 4 $38.8M 15.5% $38.839,504 $157,884 11.6% $99,816 270 6.1%
2021 4 $0 16.4% - - 7.5% $95,821 259 6.0%
2020 2 $0 7.0% - - - $87,171 236 6.2%
2019 $80,916 219 6.5%
2018 1 $6.3M 3.1% $6,260,000 $61,980 5.5% $75,837 205 6.7%
2017 2 $0 1.9% - - - $71,294 193 6.8%
2016 1 $7.6M 4.4% $7,600,000 $53,147 7.0% $69.710 189 6.9%
2015 6 $48.8M 27.6% $24,375,000 $94,112 6.5% $67,526 183 6.9%
2014 4 $26.7M 29.9% $26,650,000 $71,640 6.6% $62,251 169 7.2%
2013 - - - - - - $55,944 151 7.6%
2012 3 $298.8K 14.0% $298,750 $7.287 11.0% $55,419 150 7.5%
2011 1 $3.9M 4.4% $3.850,000 $26,923 9.9% $53,326 144 7.6%
1, Completed transaction data is based on actual arms-length sales transactions and levels are dependent on the mix of what happened to sell in
the period.
2. Market price trends data is based on the estimated price movement of all properties in the market.informed by actual transactions that have
occurred.
4&5 STAR SALES
Completed Transactions(1) Market Pricing Trends(2)
Year Deals Volume Turnover Avg Price Avg Price/Unit Avg Cap Rate Price/Unit Price Index Cap Rate
2026 - - - $115,859 255 6.1%
2025 $113,616 250 6.1%
2024 $110,756 244 6.1%
2023 - - - - - - $108,177 238 6.1%
2022 - - $107,058 236 6.0%
YTD 1 $38.8M 23.8% $38.839,504 $157,884 $110,510 243 6.0%
2021 1 $0 36.0% $107,441 237 6.0%
2020 - - - - - - $98,218 216 6.1%
i
2019 - - - - - - $92;554 204 6.3%
2018 - - - - - - $86,572 191 6.6%
2017 - - - - - - $82,626 182 6.7%
2016 - - - - - - $81,623 180 6.6%
2015 2 $48.8M 50.1% $24,375,000 $94,112 6.5% $80,783 178 6.6%
2014 2 $26.7M 49.9% $26,650,000 $71,640 6.6% $75,782 167 6.7%
2013 - - - - - - $69,213 152 7.0%
2012 - - - - - - $68,590 151 7.0%
2011 - - - - - - $66,395 146 7.0%
1 Completed transaction data is based on actual arms-length sales transactions and levels are dependent on the mix of what happened to sell in
the period.
2. Market price trends data is based on the estimated price movement of all properties in the market,informed by actual transactions that have
occurred
3 STAR SALES
Completed Transactions(1) Market Pricing Trends(2)
Year Deals Volume Turnover Avg Price Avg Prics/Unit Avg Cap Rate Price/UM Price Index Cap Rate
2026 - - - - - - $130,810 298 6.1%
2025 - - - - - - $128,011 292 6.1%
2024 - - - - - - $124,755 284 6.1%
2023 - - - - - - $122,136 278 6.1%
2022 - - - - - - $121,202 276 6.0%
YTD 3 $0 32.8% - - 11.6% $120,903 275 6.0%
2021 - - - - - - $115,967 264 6.0%
2020 - - - - - - $104,547 238 6.1%
2019 - - - - - - $96,889 221 6.4%
2018 1 $6.3M 14.8% $6,260,000 $61,980 5.5% $91,200 208 6.6%
2017 - - - - - - $85,892 196 6.7%
2016 - - - - - - $83,284 190 6.8%
2015 3 $0 53.0% - - - $79,108 180 6.9%
2014 - - - - - - $74,021 169 7.1
2013 - - - - - - $67,478 154 7.5%
2012 1 $0 27.2% - - - $66,706 152 7.4%
2011 - - - - - - $63,899 146 7.4%
1. Completed transaction data is based on actual arms-length sales transactions and levels are dependent on the mix of what happened to sell in
the period.
2 Market price trends data is based on the estimated price movement of all properties in the market,informed by actual transactions that have
occurred
1 &2 STAR SALES
Completed Transactions(1) Market Pricing Trends(2)
Year Deals Volume Turnover Avg Price Avg Price/Unit Avg Cap Rate Price/Unit Price Index Cap Rate
202 - - - - - - $87,021 320 6.3%
6
202 - - -
-
-
-
$85,199 314 6.3%
5
202 - - - - - - $83,074 306 6.3%
4
202 $81,371 300 6.3%
3
202 - - - - - - $80,768 297 6.2%
2
YTD - - - - - - $80,418 296 6.1%
202 3 $0 12.5% - - 7.5% $76,332 281 6.1%
1
202 2 $0 15.9% - - $69,664 257 6.2%
0
201 - - - - - - $63,815 235 6.6%
9
201 - - - - - - $59,700 220 6.8%
8
201 2 $0 3.9% - - - $55,190 203 7.0%
7
201 1 $7.6M 9.4% $7,600,000 $53,147 7.0% $53,800 198 7.0%
6
201 1 $0 0.8% - - - $51,845 191 7.2%
5
201 2 $0 29.8% - - - $46,275 170 7.5%
4
201 - - - - - - $40,282 148 8.1%
3
201 2 $298.8K 17.6% $298.750 $7,287 11.0% $39,967 147 8.0%
2
201 1 $3.9M 9.4% $3,850,000 $26,923 9.9% $38,352 141 8.1%
1
1 Completed transaction data is based on actual arms-length sales transactions and levels are dependent on the mix of what happened to sell in
the period.
2 Market price trends data is based on the estimated price movement of all properties in the market.informed by actual transactions that have
occurred.
DELIVERIES&UNDER CONSTRUCTION
Inventory Deliveries Net Deliveries Under Construction
Year Bldgs Units Vacancy Bldga Units Bldg' Units Bldgs Units
202 - 3,422 11.9% - 0 - (1j - -
6
202 - 3,423 11.4% - 0 - (1) - -
5
202 - 3,424 11.2% - 0 - (1) - -
4
202 - 3,425 11.4% - 0 - (1) -
3
202 - 3,426 11.9% - 0 - 0 - -
2
YTD 26 3,426 11.8% 0 0 0 0 0 0
202 26 3,426 10.9% 0 0 0 0 0 0
1
202 26 3,426 12.1% 1 190 1 190 0 0
0
201 25 3.236 11.9% 0 0 0 0 1 190
9
201 25 3.236 16 0% 0 0 0 0 1 190
8
201 25 3,236 24.4% 0 0 0 0 0 0
7
201 25 3,236 8.0% 0 0 0 0 0 0
6
201 25 3.236 8.4% 0 0 0 0 0 0
5
201 25 3.236 6.6% 0 0 0 0 0 0
4
201 25 3,236 12.8% 0 0 0 0 0 0
3
201 25 3,236 12.3% 0 0 0 0 0 0
2
201 25 3,236 11.8% 0 0 0 0 0 0
1
201 25 3,236 14.8% 3 630 3 630 0 0
0
•
tik
, COStar PREPARED BY
Bilal Asmar
Commercial Realtor
Overview
12 Mo.Delivered Units 12 Mo.Absorption Units
800 278
Vacancy Rate 12 Mo.Asking Rent Growth
11 . 8% 2 . 5%
Beaumont's multifamily market is contending with the latest supply wave,following the delivery of the 800
units that opened here over the past year. A net of 280 units have been absorbed over the past 12
months,which compares to the market's five-year average of 93 units.The current vacancy rate stands at
11.8% and is notably higher than the National Index of 5.5%, but this is nothing new as the market has
historically underperformed the National Index.
Vacancies in Beaumont have trended well above the national index for years due to a myriad of
headwinds challenging multifamily fundamentals, including demographic shifts in the working-age
population, net migration, and single-family home starts. In fact, for most of the past five years, the region
has grappled with double-digit vacancies. The Orange County and Port Arthur/Groves submarkets often
rank among the highest in Beaumont in terms of vacancy rate. While they both have received a smaller
number of new units in recent years when compared to North/West Beaumont, in terms of percentage of
inventory, it has been significantly higher. During the past decade, their total inventories have both
expanded by about 8%; meanwhile,the North/West Beaumont's total inventory has only expanded by
about 2%during this time. On the other hand, the vacancy rate in submarkets like Nederland/Port
Neches, an area that has been largely bypassed by developers over the past decade, consistently ranks
among the lowest in the metro.
Beaumont has a deep pool of renters-by-necessity, a cohort buoyed by the area's extensive blue-collar
employment sectors, particularly the trade, transportation and utilities industry, as well as the mining,
logging and construction one. Beaumont remains relatively blue collar in its apartment stock. In fact,
around 80%of Beaumont's inventory is rated 3 Star or less. The metro is home to nearly 8,000 affordable
units, the vast majority of which are located in the Port Arthur/Groves Submarket, which comprises more
than half of Beaumont's affordable units.
Around 1,700 market rate units were delivered in Beaumont this past decade, expanding total inventory
by about 10%during this time. During this time, more than 70% of all new units were delivered in the
North/West Beaumont Submarket. It is one of the youngest submarkets in terms of demographics.
Furthermore, incomes here are some of the highest in Beaumont, as neighborhoods with median
household incomes well north of$75,000 are common in the submarket.
Prior to the pandemic, the Sabine Pass area had seen tremendous investment in recent years, numbering
in the billions of U.S. dollars, in liquefied natural gas(LNG)elevators. Cheniere and Golden Pass are the
two big LNG plants that opened here in recent years. The latter is a partnership between ExxonMobil and
Qatar Petroleum. This joint venture is working on an additional$10 billion expansion in Sabine Pass.
When completed, the plant will be one of the largest LNG export facilities in the world. The facility is
expected to be operational in 2024.The plan to export LNG from Exxon's Golden Pass terminal is a
testament to the renaissance in U.S. energy production.The facility was initially built to import LNG, but
the surge in U.S. natural gas production over the past decade means American drillers are now eyeing
overseas buyers. These downstream mega-projects tend to employ thousands of temporary construction
workers and leave behind a few hundred permanent jobs. However, the permanent jobs that are created
tend to be higher-paying. often six-figure, blue-collar jobs. These are accretive to the spending power of
the local economy.
What will be interesting to watch is where these new Port Arthur-based permanent employees will decide
to live. If history is a lesson, they will continue largely to live in the western suburbs of Beaumont, where
the higher demographic communities and high-ranking schools are located. However, there are also
pockets of Port Arthur with high-ranking schools and communities boasting higher demographics than the
surrounding area, which are a far shorter commute to Sabine Pass.This area has seen some new
multifamily development in recent years.
Asking rents in Beaumont are$950/month, which is nearly 30% less than rates in nearby Houston and
typical of a secondary market.They are also about$500/month less than the national average. Thanks to
a surge in demand, annual rent growth has improved significantly over the past few quarters and at 2.5%,
stands at a record high.
Market cap rates have tightened across Beaumont.although the rate of compression has slowed from
earlier
Overview
years of the last expansion. Beaumont's market cap rates are almost 1% above the national benchmark
of 5% and above many major metros across the Southeast, such as Dallas, Houston, and Atlanta.
Average pricing comes at a significant discount to the national benchmark, with Beaumont averaging
roughly$99,000/unit compared to the U.S. average of$260,000/unit.
Properties that trade are often small (fewer than 50 units)and several decades old. And while investors
have continued to favor small, vintage properties, some of the market's larger properties have helped
drive deal volume over the past few quarters. For example, during 22Q2, the 118-unit Sherwood Forest
Apartments sold for an undisclosed price.The 1994-built property was fully leased at the time of sale.
CoStar estimates that it traded
for approximately$6 million ($51,000/unit).
KEY INDICATORS
Effective Absorption Delivered Under Constr
Current Quarter Units Vacancy Rate Asking Rent Rent Units Units Units
4&5 Star 2,943 6.6% $1.154 $1.146 6 0 0
3 Star 8.061 14.8% $966 $954 25 0 0
1 &2 Star 6.922 10.5% $831 $825 i 1) 0 0
Market 17,926 11.8% 6951 $942 30 0 0
12 Historical Forecast
Annual Trends Month Average Average Peak When Trough When
Vacancy Change 2.5% 9.2% 11.0% 12.6% 2017 Q4 5.6% 2000 Q4
(YOY)
Absorption Units 278 196 91 1.381 2010 Q4 (619) 2017 Q4
Delivered Units 800 264 110 1.656 2010 Q3 0 2021 Q3
Demolished Units 0 1 4 32 2016 Q3 0 2022 Q3
Asking Rent Growth 2.5% 1.8% 2.1% 5.2% 2007 Q3 -2.1% 2009 Q4
(YOY)
Effective Rent 2.0% 1.8% 2.1% 5.7% 2018 Q1 -2.3% 2010 Q2
Growth(YOY)
Sales Volume $84M $31.6M N/A $138.3M 2020 Q4 $0 2014 03
Vacancy
ABSORPTION,NET DELIVERIES&VACANCY
1,000 13%
Forecast
800 12%
600 11%
400 10%
200 9%
1� ill . i I JiL ' 11, 1 - 8%
-200 ' 7%
-400 6%
-600 - 6%
-800 4%
-1.000 3%
2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
• Absorption • Net Deliveries • Vacancy United States Vacancy
Vacancy
VACANCY RATE
18% Forecast
16°o
14%
12%
10%
8%
v� 1
20/
2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
• Beaumont 3 Sta• • Beaumont 4-5 Sta- • Beaumont Jrited States
DAILY ASKING RENT PER SF
$1.14
$1.12
$1 10
$1.08
$1.06
$1.04
$1.02
$1.00
$0.98
$0.96
$094 I : , . I f . , .
2017 2018 2019 2020 2021 2022
■ Beauncnt
MARKET RENT PER UNIT BY BEDROOM
$1.300
$1.200
S1 100
$1.000
S900
S800
$700
5600 f -" •-
$500
2017 2018 2019 2020 2021 2022
Studic • Bed lI 2 Sec 3 Be::
4&5 STAR EXPENSES PER SF(ANNUAL)
Operating Capital Expenditures
Expenses
Market I Cluster Mgmt Admin. Payroll Water Utilities Maint Insurance Taxes Appliance Structural Other Total
Beaumont $0.47 $0.80 $0.50 $0.44 $0.67 $0.99 $0.36 $2.27 $0.10 $0.31 $0.86 $7.77
Central/South $0.47 $0.80 $0.50 $0.44 $0.67 $0.99 $0.36 $2.27 $0.10 $0.31 $0.86 $7.77
Beau...
Nederland/Port $0.47 $0.80 $0.50 $0.44 $0.67 $0.99 $0 36 $2.27 $0.10 $0.31 $0.86 $7.77
Nec...
North/West $0.47 $0.80 $0.50 $0.44 $0.67 $0.99 $0.36 $2.27 $0.10 $0.31 $0.86 $7.77
Beaumont
Orange County $0.47 $0.80 $0.50 $0.44 $0.67 $0.99 $0.36 $2.27 $0.10 $0.31 $0.86 $7.77
Port Arthur/Groves $0.47 $0.80 $0.50 $0.44 $0.67 $0.99 $0.36 $2.27 $0.10 $0.31 $0.86 $7.77
Expenses are estimates using NCREIF.IREM,and CoStar data using the narrowest possible geographical definition from Zip Code to region
3 STAR EXPENSES PER SF(ANNUAL)
Operating Capital Expenditures
Expenses
Market/Cluster Mgmt Admin. Payroll Water Utilities Maint Insurance Taxes Appliance Structural Other Total
Beaumont $0.40 $0.79 $0.48 $0.42 $0.64 $0.88 $0.34 $1.56 $0.10 $0.24 $0.75 $6.60
Central/South $0.40 $0.80 $0.48 $0.42 $0.64 $0.88 $0.35 $1.58 $0.10 $0.24 $0.75 $6.64
Beau...
Hardin County $0.38 $0.80 $0.47 $0.42 $0.63 $0.85 $0.35 $1.42 $0.09 $0.22 $0 73 $8.36
Nederland/Port $0.38 $0.80 $0.47 $0.42 $0.63 $0.85 $0.35 $1.42 $0.09 $0.22 $0.73 $6.38
Nec...
North/West $0.40 $0.78 $0.48 $0.42 $0.64 $0.89 $0.34 $1.63 $0.10 $0.25 $0.76 $6.69
Beaumont
Orange County $0.39 $0.80 $0.48 $0.42 $0.64 $0.87 $0.35 $1.52 $0.10 $0.23 $0.74 $8.54
Port Arthur/Groves $0.38 $0.77 $0.47 $0.41 $0.63 $0.85 $0.33 $1.35 $0.09 $0.22 $0.72 $822
Expenses are estimates using NCREIF,IREM.and CoStar data using the narrowest possible geographical oefinition from Zip Code to region
1 &2 STAR EXPENSES PER SF(ANNUAL)
Operating Capital Expenditures
Expenses
Market/Cluster Mgmt Admin. Payroll Water Utilities Maint Insurance Taxes Appliance Structural Other Total
Beaumont $0.34 $0.66 $0 45 $0.40 $0.60 $0.83 $0.28 $1 $0.08 $0.21 $0.68 $5.53
Central/South $0.34 $0.65 $0.45 $0.40 $0.60 $0.83 $0.28 $0.98 $0.08 $0.21 $0.67 $5.49
Beau...
Hardin County $0.34 $0.65 $0.45 $0.40 $0.60 $0.83 $0.28 $0.98 $0.08 $0.21 $0.67 $5.49
Nederland/Port $0.34 $0.67 $0.45 $0.40 $0.61 $0.83 $0.29 $1.04 $0 08 $0.21 $0.68 $5.60
Nec...
North/West $0.34 $0.66 $0.45 $0.40 $0.60 $0.83 $0.28 $1 $0.08 $0.21 $0.68 $5.53
Beaumont
Orange County $0.34 $0.67 $0.45 $0.40 $0.61 $0.83 $0.29 $1.04 $0.08 $0.21 $0.68 $5.60
Port Arthur/Groves $0.34 $0.66 $0.45 $0.40 $0.61 $0.83 $0.28 $1.02 $0.08 $0.21 $0.68 $5.58
Expenses are estimated using NCREIF.IREM.and CoStar data using the narrowest possible geographical definition from Zip Code to region
Construction
Under Construction Properties
Properties Units Percent of Inventory Avg. No.Units
Sales
Beaumont is a midsized apartment metro that had 21 market-rate apartment sales close over the past 12
months, similar to many of its peers. That was more of the same for the market, with deal flow keeping
pace with what was typical over the previous five years.Annual sales volume has averaged $50.8 million
over the past five years, and the 12-month high in investment volume hit$138 million over that stretch. In
the past 12 months specifically, $83.8 million worth of multifamily assets sold. Deals involving mid-tier
apartments influenced that sales volume in the past year, with$44.1 million invested in the market.
SALES VOLUME&MARKET SALE PRICE PER UNIT
Market pricing, based on the estimated price movement of every market-rate property in the metro,
currently sits near$99,000/door. That figure is up over this time last year, and the price is a large discount
to the overall multifamily average for the country. In fact, the multifamily market price in Beaumont is more
than 50% below the average for the entire United States.The market cap rate has held firm, and it
remains structurally higher than those seen across the United States on average.
Sales
MARKET CAP RATE
Forecast
4 5
4 0',% # — I — — — —# -4—__' I ____ f } _ — }
20 2C18 2C'9 2020 2021 2022 2023 2024 2025 2025
Bea.:T_. '??.a ■ Sea 1-`S•a 6ea nc^l J^-ez States
Sales Past 12 Months
Sale Comparables Avg. Price/Unit(thous.) Average Price(mil.) Average Vacancy at Sale
Sales Low Average Median High
Attributes
Sale $1,060,000 $16,801.298 $12.400,000 $38.839.504
Price
Price/Un $53,000 $131,260 $118.505 $157.884
it
Cap 6.4% 8.4% 7.2% 11.6%
Rate
Vacancy 0% 10.2% 8.3% 100%
Rate At
Sale
Time 0.4 6.2 6.8 11.9
Since
Sale in
Months
Property Low Average Median High
Attributes
Property 8 92 73 265
Size in
Units
Number 2 2 2 3
of Floors
Average 546 841 828 1,224
Unit SF
Year 1958 1978 1968 2010
Built Star * * * y D* * * * y]if' * * y 7S'
Rating 2.7
10/19/2022
Page 99
Sales Past 12 Months
RECENT SIGNIFICANT SALES
Property Information Sale Information
Property Name/Address Rating Yr Built Units Vacancy Sale Date Price Price/Unit Price/SF
Store 0aek ro,Ar.^,
3035 Lake Arthur Dr 2010 246 4.5% 6/23/2022 $38,839,504 $157,884 $165
Breakwater Bav
4375 N Major Dr 2004 176 9.1% 9/16/2022 $20,856.984 $118,505 $76
he Edge
5230 S Martin Luther King Pky 2006 96 8.3% 3/7/2022 $12,400,000 $129,166 $106
L.,1-nceror o :he Lake
187 S Lhs Dr 2005 102 0% 4/27/2022 $10,850,000 $106.372 $77
Sueetoum: Apartments
2655 Sweetgum Ln 1962 20 10.0% 12/14/2021 $1,060,000 $53.000 $53
Autumn Oaks
3190 Eastex Fwy 1982 152 8.6% 1/21/2022 - -
_,effersor House Apartmerts
2450 W Lucas Dr 1968 42 0% 3/25/2022 -
Beaumont Heights
6550 Phelan Dr 1967 265 5.7% 10/22/2021 - -
Hacienda Apartments
1145 Oregon Ave 1963 179 1.7% 1/17/2022 - - -
Hacienda Apartments
1145 Oregon Ave 1963 179 1.7% 8/31/2022 - - -
ipPort Arthur Park Apartments
1348 Jefferson Dr 1959 186 51.1% 10/6/2022
itTropicana Apartments
5035 Monroe St 1965 86 4.7% 7/5/2022 - - -
itRoyal Neches
2345 Nall St 1963 73 5.5% 7/26/2022 - - -
ilp 2516 Smart St
1980 8 100% 1/1/2022
itParkway Terrace
1750 N Pine St 1983 12 0% 11/16/2021 - - -
ipSeventy 50 West End
7050 Tx-105 1998 52 13 5% 3/25/2022 - - -
itDana Townhomes
202 Dana St 1996 23 13.0% 4/22/2022 - - -
illp 893 Campus St
1968 10 10.0% 6/22/2022
it 2575 Primrose St
1962 12 8.3% 2/23/2022
2575 Primrose St
1962 12 8.3% 3/15/2022
Beaumont still has a ways to go to recover the jobs lost amid the pandemic.As of the latest jobs report for
July, the metro is still down about 9,000 jobs relative to February 2020. There is a heavy presence of
energyrelated employers in this area, and Beaumont's recovery could lag the national average.
Energy and mining-related companies, including both upstream and downstream firms, account for the
largest cluster in Beaumont-Port Arthur, employing around 15%of the workforce. Major employers
include Exxon Mobil in Beaumont(2,000 workers)and Motiva Enterprises and
Valero in Port Arthur (1,500 and 850, respectively). The BEAUMONT EMPLOYMENT BY INDUSTRY IN
THOUSANDS Motiva facility processes over 600,000 barrels of oil per day, making it the largest refinery in
North America.
Texas has 29 official ports of entry that serve as key gateways to global trade. Each port plays a unique
role in the states transportation network and contributes to the state and local economies. A substantial
element of the city and surrounding region's economy is the Port of Beaumont, one of the nation's largest
ports when measured by tonnage. It is also home to one of the largest military seaports in the world. With
neighboring Port Arthur and Orange, Beaumont forms the Golden Triangle, a major industrial hub on the
Gulf Coast.
CURRENT CURRENT GROWTH 10 YR HISTORICAL 5 YR FORECAST
JOBS
Industry Jobs LQ Market US Market US Market US
Manufacturing 21 1.5 9.19% 3.57% - 0.72% 3.13% 0.15%
0.64%
Trade.Transportation and Utilities 31 1.0 4.45% 3.45% 0.17% 1.26% 0.41% 0.12%
Retail Trade 20 1.2 4.73% 2.48% - 0.66% 0.19% 0.08%
0.01%
Financial Activities 6 0.6 1.72% 2.13% 0.28% 1.43% - 0.25%
0.36%
Government 25 1.1 -0.96% 0.64% - 0.15% 0.21% 0.55%
0.31%
Natural Resources.Mining and 18 2.1 14.30% 4.36% - 2.53% 3.77% 0.41%
Construction 0.34%
Education and Health Services 22 0.9 4.27% 3.35% - 1.66% - 0.69%
0.07% 0 19%
Professional and Business Services 15 0.6 3.55% 4.91% 0.61% 2.19% 0.20% 0.49%
Information 1 0.3 5.24% 5.75% - 1.27% 0.08% 0.41%
4.28%
Leisure and Hospitality 16 1.0 4.12% 8.66% 0.90% 1.34% 0.52% 1.30%
Other Services 6 1.0 8.69% 3.54% - 0.49% 0.99% 0.51%
0 71%
Total Employment 160 1.0 5.09% 3.77% -0.06% 1.29% 1.05% 0.50%
Source:Oxford Economics LQ=Location Quotient
JOB GROWTH(YOY)
10%
Forecast
8%
6% \
4% ...._-- � t
-2%
-4%
-6%
-8%
-10%
-12%
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
■ Beaumont ■ United States
NET EMPLOYMENT CHANGE(YOY)
10K
Forecast
5K
0 Alit._ Jilliiiiintili io t..,te_.,..tit._-_, _.
1111*"I'4 Illit
5K ,
-10K
-15K
-20K. + , , ' : , 1
16 17 18 19 20 2" _-
POPULATION GROWTH(YOY%)
0.8% Forecast
0.6%
-%\\......._....,,......,/:/
0.4%
0.2% t '"�"'�.--
0.0o� j
/ ,
-0.2% I"--_.-\
-
1
-0.4% /
-0.6%
-0.8%
-1.0%
-1.2%
-1.4% I I ' I f - ! ' ' : 3 }
16 17 18 19 20 21 22 23 24 • 25 26
I Beaumont ■ United States
DEMOGRAPHIC TRENDS
Current Level 12 Month Change 10 Year Change 5 Year Forecast
Demographic Category Metro US Metro US Metro US Metro US
Population 407,763 332,655,406 0% 0.2% 0% 0.6% 0.1% 0.5%
Households 142,543 124,172,773 0% 0.2% -0.6% 0.7% 0.1% 0.5%
Median Household $65,642 $75,072 9.8% 8.9% 4.3% 4.0% 4.5% 3.2%
Income
Labor Force 164,421 164,658,375 -0.2% 1.9% -1.0% 0.6% 1.1% 0.5%
Unemployment 6.8% 3.6% -2.0% -1.3% -0.4% -0.4% - -
Source:Oxford
Economics
Submarkets
BEAUMONT SUBMARKETS
Hill
din Hull
4
DaisenJ
es r. �,a
Raywood �'
Devers 14
3 k
,n
Harkarner
ttr-
11�
Mcnroe City -
4/1Ararux .��
a
Gcr.ble Bayou
Submarkets
SUBMARKET INVENTORY
Inventory 12 Month Deliveries Under Construction
No Submarket Bldg* Units %Market Rank Bldg. Units Percent Rank Bldgs Units Percent Rank
1 Ce-t'a,Sot Beau-on: 58 2.056 11.5% 3 0 0 09%o - 0 0 0%
2 Hardin County 18 1,082 6.0% 6 1 84 7.8% 3 0 0 0% -
3 Nederland/Port Neches 23 1.494 8.3% 5 2 167 11.2% 2 0 0 0% -
4 North/West Beaumont 88 7,912 44.1% 1 4 547 6.9% 1 0 0 0% -
5 Orange County 28 1,956 10.9% 4 0 0 0% - 0 0 0% -
6 Port Arthur/Groves 26 3,426 19.1% 2 0 0 0% - 0 0 0% -
SUBMARKET RENT
Asking Rents Effective Rents
No. Market Per Per Rank Yr. Per Per Rank Yr. Concession Rank
Unit SF Growth Unit SF Growth
1 Central/South $866 $1.05 4 7.1% $861 $1.04 4 7.0% 0.6% 6
Beaumont
2 Hardin County $835 $0.98 5 4.2% $829 $0.98 5 3.9% 0.7% 3
3 Nederland/Port $976 $1.13 3 3.7% $970 $1.12 3 3.4% 0.6% 5
Neches
4 North/West Beaumont $992 $1.15 2 1.4% $980 $1.14 2 0.7% 1.2% 1
5 Orange County $844 $0.92 6 1.2% $834 $0.91 6 0.6% 1.1% 2
6 Port Arthur/Groves $991 $1.19 1 2.8% $984 $1.18 1 2.7% 0.6% 4
SUBMARKET VACANCY&ABSORPTION
Vacancy 12 Month Absorption
No. Submarkat Units Percent Rank Units %of Inv Rank Construe.Ratio
1 CentraliSouth Beaumont 199 9.7% 3 (38) -1.9% 4 -
2 Hardin County 82 7.5% 2 85 7.8% 3 1.0
3 Nederland/Port Neches 74 4.9% 1 145 9.7% 2 1.2
4 North/West Beaumont 967 12.2% 5 279 3.5% 1 1.3
5 Orange County 388 19.8% 6 (116) -5.9% 6 -
6 Port Arthur/Groves 405 11.8% 4 (76) -2.2% 5 -
OVERALL SUPPLY&DEMAND
Inventory Absorption
Year Units Growth %Growth Units %of Inv Construction Ratio
2026 18,202 151 0.8% 30 0.2% 5.0
2025 18,051 115 0.6% 10 0.1% 11.5
2024 17,936 14 0.1% 46 0.3% 0.3
2023 17.922 (4) 0% 146 0.8% 0
2022 17,926 623 3.6% 338 1.9% 1.8
YTD 17,926 623 3.6% 292 1.6% 2.1
2021 17,303 220 1.3% 276 1.6% 0.8
2020 17,083 286 1.7% 327 1.9% 0.9
2019 16,797 0 0% 135 0.8% 0
2018 16,797 0 0% 102 0.6% 0
2017 16,797 0 0% (619) -3.7% 0
2016 16,797 0 0% (70) -0.4% 0
2015 16,797 48 0.3% 83 0.5% 0.6
2014 16.749 8 0% 430 2.6% 0
2013 16,741 0 0% (263) -1.6'/0 0
2012 16,741 196 1.2% 122 0.7% 1.6
2011 16,545 204 1.2% 310 1.9% 0.7
2010 16,341 1,621 11.0% 1,381 8.5% 1.2
4&5 STAR SUPPLY&DEMAND
Inventory Absorption
Year Units Growth %Growth Units %of Inv Construction Ratio
2026 3,193 132 4.3% 79 2.5% 1.7
2025 3,061 102 3.4% 38 1.2% 2.7
2024 2,959 16 0.5% 11 0.4% 1.5
2023 2,943 0 0% 15 0.5% 0
2022 2,943 157 5.6% 111 3.8% 1.4
YTD 2,943 157 5.6% 114 3.9% 1.4
2021 2,786 0 0% 41 1.5% 0
2020 2,786 96 3.6% 88 3.2% 1.1
2019 2,690 0 0% 136 5.1% 0
2018 2,690 0 0% (78) -2.9% 0
2017 2,690 0 0% (58) -2.2% 0
2016 2,690 0 0% (60) -2.2% 0
2015 2,690 80 3.1% 65 2.4% 1.2
2014 2,610 0 0% 117 4.5% 0
2013 2,610 0 0% 19 0.7% 0
2012 2,610 0 0% 56 2.1% 0
2011 2,610 0 0% 161 6.2% 0
2010 2,610 1,426 120.4% 1,213 46.5% 1.2
3 STAR SUPPLY&DEMAND
Inventory Absorption
Year Units Growth %Growth Units %of Inv Construction Ratio
2026 8,104 23 0.3% (16) -0.2% -
2025 8,081 18 0.2% (9) -0.1% -
2024 8,063 2 0% 23 0.3% 0.1
1
2023 8,061 0 0% 104 1.3% 0
2022 8,061 466 6.1% 326 4.0% 1.4
YTD 8,061 466 6.1% 271 3.4% 1.7
2021 7,595 220 3.0% 262 3.4% 0.8
2020 7.375 190 2.6% 41 0.6% 4.6
2019 7,185 0 0% (56) -0.8% 0
2018 7,185 0 0% 35 0.5% 0
2017 7,185 0 0% (99) -1.4% 0
2016 7,185 0 0% (38) -0.5% 0
2015 7,185 0 0% 47 0.7% 0
2014 7,185 0 0% 211 2.9% 0
2013 7,185 0 0% (212) -3.0% 0
2012 7,185 196 2.8% 117 1.6% 1.7
2011 6,989 204 3.0% 154 2.2% 1.3
2010 6.785 176 2.7% 112 1.7% 1.6
1 &2 STAR SUPPLY&DEMAND
Inventory Absorption
Year Units Growth %Growth Units %of Inv Construction Ratio
2026 6,905 (4) -0.1% (33) -0.5% 0.1
2025 6,909 (5) -0.1% (19) -0.3% 0.3
2024 6,914 (4) -0.1% 12 0.2% -
2023 6.918 (4) -0.1% 27 0.4% -
2022 6,922 0 0% (99) -1.4% 0
YTD 6,922 0 0% (93) -1.3% 0
2021 6,922 0 0% (27) -0.4% 0
2020 6,922 0 0% 198 2.9% 0
2019 6,922 0 0% 55 0.8% 0
2018 6,922 0 0% 145 2.1% 0
2017 6,922 0 0% (462) -6.7% 0
2016 6,922 0 0% 28 0.4% 0
2015 6,922 (32) -0.5% (29) -0.4% 1.1
2014 6,954 8 0.1% 102 1.5% 0.1
2013 6,946 0 0% (70) -1.0% 0
2012 6,946 0 0% (51) -0.7% 0
2011 6,946 0 0% (5) -0.1% 0
2010 6,946 19 0.3% 56 0.8% 0.3
OVERALL VACANCY&RENT
Vacancy Market Rent Effective Rents
Year Units Percent Ppts Chg Per Unit Per SF %Growth Ppts Chg Units Per SF
2026 2,101 11.5% 0.6 $1,042 $1.23 19% (0.5) $1,033 $1.21
2025 1.980 11.0% 0.5 $1,023 $1.20 2.4% 0.5 $1.014 $1.19
2024 1.883 10.5% (0.2) $1,000 $1.17 1.9% (1.2) $990 $1.16
2023 1,916 10.7% (0.8) $981 $1.15 3.0% 0.8 $972 $1.14
2022 2,067 11.5% 1.2 $952 $1.12 2.3% (2.1) $943 $1.11
YTD 2,114 11.8% 1.5 $951 $1.11 2.5% (1.9) $942 $1.10
2021 1,781 10.3% (0.5) $931 $1.09 4.4% 4.3 $925 $1.08
2020 1.837 10.8% (0.4) $892 $1.04 01% (2.9) $881 $1.03
2019 1,879 11.2% (0.8) $891 $1.04 2.9% 1.4 $884 $1.03
2018 2,016 12.0% (0.6) $866 $1.01 1.6% (2.7) $854 $0.99
2017 2,118 12.6% 3.7 $852 $0.99 4.3% 1.7 $844 $0.98
2016 1.497 8.9% 0.4 $818 $0.95 2.6% 0.3 $800 $0.93
2015 1.428 8.5% (0.2) $797 $0.93 2.3% 0.7 $780 $0.91
2014 1,464 8.7% (2.5) $780 $0.91 1.6% 0.1 $764 $0.89
2013 1.887 11.3% 1.6 $767 $0.89 1.5% 0.6 $753 $0.88
2012 1.626 9.7% 0.3 $756 $0.88 0.9% 0.4 $744 $0.87
2011 1,551 9.4% (0.8) $749 $0.87 0.5% 0.7 $744 $0.87
2010 1.657 10.1% 0.5 $745 $0.87 -0.2% - $737 $0.86
4&5 STAR VACANCY&RENT
Vacancy Market Rent Effective Rents
Year Units Percent Ppts Chg Per Unit Per SF %Growth Ppts Chg Units Per SF
2026 304 9.5% 1.3 $1,254 $1.41 1.8% (0.7) $1,246 $1.40
2025 251 8.2% 1.9 $1,232 $1.38 2.5% 0.3 $1,224 $1.37
2024 187 6.3% 0.1 $1,202 $1.35 2.2% (1.2) $1.194 $1.34
i
2023 183 6.2% (0.5) $1,177 $1.32 3.4% 4.1 $1,169 $1.31
2022 198 6.7% 1.3 $1.138 $1.28 -0.7% (7.9) $1,130 $1.27
YTD 195 6.6% 1.2 $1,154 $1.29 -1.1% (8.3) $1,146 $1.28
2021 152 5.4% (1.5) $1,146 $1.28 7.2% 11.4 $1,144 $1.28
2020 193 6.9% 0 $1.069 $1.20 -4.3% (8.0) $1.055 $1.18
2019 186 6.9% (5.1) $1.117 $1.25 3.7% 6.6 $1.116 $1.25
2018 322 12.0% 2.9 $1,078 $1.21 -2.9% (9.0) $1.057 $1.19
2017 243 9.0% 2.1 $1.110 $1.24 6.0% 3.0 $1,098 $1.23
2016 185 6.9% 2.2 $1,047 $1.17 3.0% 2.9 $1,014 $1.14
2015 125 4.7% 0.5 $1,017 $1.14 0.1% (1.3) $978 $1.10
2014 110 4.2% (4.5) $1,015 $1.14 14% (1.6) $986 $1.10
2013 226 8.7% (0 7) $1.002 $1 12 2.9% 3.2 $982 $1.10
2012 246 9.4% (2.1) $973 $1.09 -02% (1.0) $951 $1.07
2011 301 11.5% (6.2) $975 $1.09 0.7% 2.0 $966 $1.08
2010 463 17.7% (3.4) $968 $1.09 -1.3% - $945 $1.06
3 STAR VACANCY&RENT
Vacancy Market Rent Effective Rents
Year Units Percent Ppts Chg Per Unit Per SF %Growth Ppts Chg Units Per SF
2026 1,069 13.2% 0.4 $1,059 $1.24 1.8% (0.5) $1.045 $1.23
2025 1,031 12.8% 0.2 $1,040 $1.22 2.3% 0.6 $1,026 $1.20
2024 1,012 12.5% (0.3) $1,016 $1.19 1.8% (1.2) $1.003 $1.18
2023 1,033 12.8% (1.3) $998 $1.17 2.9% 0 $986 $1.16
2022 1,138 14.1% 1.0 $970 $1.14 2.9% (1.2) $958 $1.12
YTD 1,193 14.8% 1.7 $966 $1.13 3.7% (0.5) $954 $1.12
2021 998 13.1% (1 0) $943 $1.11 4.1% 3.8 $935 $1.10
2020 1,040 14.1% 1.7 $905 $1.06 0.3% (2.6) $891 $1.05
2019 891 12.4% 0.8 $902 $1.06 3.0% 0.3 $892 $1.05
2018 836 11.6% (0.5) $876 $1.03 2.7% (0.8) $866 $1.02
2017 871 12.1% 1.4 $854 $1 3.5% 1.8 $845 $0.99
2016 772 10.7% 0.5 $825 $0.97 1.7% (0.8) $808 $0.95
2015 734 10.2% (0.7) $811 $0.95 2.5% 0.6 $797 $0.94
2014 781 10.9% (2.9) $791 $0.93 1.9% 0.8 $776 $0.91
2013 993 13.8% 2.9 $777 $0.91 1.1% 0 $758 $0.89
2012 781 10.9% 0.8 $768 $0.90 1.1% 0.9 $756 $0.89
2011 702 10.0% 0.4 $760 $0.89 0.2% 0.1 $754 $0.88
2010 652 9.6% 0.7 $758 $0.89 0.1% - $753 $0.88
1 &2 STAR VACANCY&RENT
Vacancy Market Rent Effective Rents
Year Units Percent Ppts Chg Per Unit Per SF %Growth Ppts Chg Units Per SF
2026 727 10.5% 0.4 $916 $1.10 1.9% (0.5) $910 $1.10
2025 698 10.1% 0.2 $898 $1.08 2.4% 0.6 $893 $1.08
2024 684 9.9% (0.2) $877 $1.06 1.8% (1.2) $872 $1.05
J
2023 700 10.1% (0.4) $862 $1.04 3.0% (0.3) $856 $1.03
2022 731 10.6% 1.4 $837 $1.01 3.3% 0.4 $831 $1
YTD 726 10.5% 1.4 $831 $0.98 3.1% 0.2 $825 $0.97
2021 632 9.1% 0.4 $810 $0.95 2.9% 0 $801 $0.94
2020 604 8.7% (2.9) $787 $0.92 2.9% 0.5 $783 $0.92
2019 802 11.6% (0.8) $765 $0.90 2.4% (1.0) $758 $0.89
2018 858 12.4% (2.1) $747 $0.87 3.4% (0.7) $737 $0.86
2017 1.003 14.5% 6.7 $722 $0.85 4.1% 0.5 $715 $0.84
2016 540 7.8% (0.4) $694 $0.81 3.6% 0 $683 $0.80
2015 569 8.2% 0 $670 $0.78 3.6% 2.3 $660 $0.77
2014 573 8.2% (1.4) $647 $0.76 1.3% 0.2 $638 $0.75
2013 669 9.6% 1.0 $638 $0.75 1.0% (0.4) $633 $0.74
2012 599 8.6% 0.7 $632 $0.74 1.4% 0.5 $625 $0.73
2011 548 7.9% 0.1 $623 $0.73 0.9% 0.8 $619 $0.73
2010 543 7.8% (0.6) $617 $0.72 0.1% - $613 $0.72
OVERALL SALES
Completed Transactions(1) Market Pricing Trends(2)
Year Deals Volume Turnover Avg Price Avg Price/Unit Avg Cap Rate Price/Unit Price Index Cap Rate
2026 - - - - - - $105.714 271 6.3%
2025 - - - - - - $103,648 266 6.3%
2024 - - - - - - $101.164 260 6.3%
2023 - - - - - - $99,125 254 6.3%
2022 - - - - - - $98.461 253 6.2%
YTD 18 $82.9M 9.2% $20,736,622 $133,785 8.4% $98,622 253 6.1%
2021 26 $7.2M 13.3% $1,810,000 $42,840 7.3% $94.755 243 6.2%
2020 22 $138.3M 10.4% $27,660,597 $115,252 11.8% $88,491 227 6.2%
2019 23 $4.5M 7.4% $2,225,000 $41,204 10.0% $75,651 194 6.7%
2018 16 $33.6M 8.7% $4,806,524 $53,576 8.1% $70,021 180 7.0%
2017 13 $40.9M 5.4% $10,217,500 $71,954 7.0% $68,463 176 7.0%
2016 16 $47.7M 9.8% $7.957.167 $76,511 7.1% $66.171 170 7.1
2015 18 $48.8M 8.9% $24,375,000 $94,112 7.5% $64,624 166 7.1%
2014 15 $26.7M 12.5% $26,650,000 $71,640 7.3% $60.500 155 7.2%
2013 6 $650K 1.3% $325,000 $40,625 9.2% $55,303 142 7.6%
2012 13 $11.9M 7.9% $3,974,583 $38,588 9.3% $54,916 141 7.5%
2011 8 $49.6M 4.5% $9,912,071 $68,548 8.2% $52,623 135 7.5%
Completed transaction data is based on actual arms-length sales transactions and levels are cependent on the mix of what happened to sell in
the period
2 Market price trends data is based on the estimated price movement of all properties in the market,informed by actual transactions that have
occurred.
4&5 STAR SALES
Completed Transactions(1) Market Pricing Trends(2)
Year Deals Volume Turnover Avg Price Avg Price/Unit Avg Cap Rate Price/Unit Price Index Cap Rate
2026 - - - - - - $141,502 261 5.9%
2025 - - - - - - $138,876 257 5.9%
2024 - - - - - - $135,490 250 5.9%
2023 - - - - - - $132,429 245 6.0%
2022 - - - - - - $131,269 242 5.9%
YTD 1 $38.8M 8.4% $38.839.504 $157,884 - $132,669 245 5.8%
r
2021 1 $0 13.4% - - - $130,481 241 5.7%
2020 2 $88M 23.8% $44,000.000 $132.530 6.3% $121,737 225 5.8%
2019 - - - - - - $99,242 183 6.4%
2018 2 $0 18.7% - - - $92,732 171 6.6%
2017 1 $14.2M 71% $14.200.000 $73.958 - $93,053 172 6.6%
2016 2 $36.5M 24.1% $36,450,000 $101,250 6.0% $91,668 169 6.5%
2015 2 $48.8M 19.3% $24,375,000 $94,112 6.5% $90,691 168 6.5%
2014 3 $26.7M 25.3% $26,650,000 $71,640 6.6% $85,398 158 6.6%
2013 1 $0 4.9% - - - $78.278 145 6.9%
2012 - - - - - - $77.764 144 6.8%
2011 2 $40.6M 17.8% $20.321,429 $87.592 7.0% $74.801 138 6.9%
t Completed transaction data is based on actual arms-length sales transactions and levels are dependent on the mix of what happened to sell in
the period
2. Market price trends data is based on the estimated price movement of all properties in the market,informed by actual transactions that have
occurred.
3 STAR SALES
Completed Transactions(1) Market Pricing Trends(2)
Year Deals Volume Turnover Avg Price Avg Price/Unit Avg Cap Rate Price/Unit Price Index Cap Rate
2026 - - - - - - $108,233 266 6.3%
2025 - - - - - - $106,112 260 6.3%
2024 - - - - - - $103.601 254 6.3%
2023 - - - - - - $101,600 249 6.3%
2022 - - - - - - $100,975 248 6.2%
YTO 13 $44.1M 16.4% $14.702,328 $117,933 8.4% $100,958 248 6.1%
2021 10 $5.1M 14.5% $5.100.000 $42,500 6.0% $97,235 239 6.1%
2020 4 $50.3M 8.6% $16,767,662 $93,849 - $90,773 223 6.2%
2019 5 $2.2M 7.3% $2,150,000 $53,750 9.8% $78,695 193 6.7%
2018 6 $13.4M 6.9% $6.692,691 $70,822 5.5% $72,933 179 7.0%
2017 3 $26.3M 6.0% $13,125,000 $72,917 7.0% $70,766 174 7.0%
2016 7 $3.2M 8.3% $1,073,333 $31,262 7.6% $68,032 167 7.1%
2015 5 $0 7.8% - - 8.0% $66,809 164 7.0%
2014 4 $0 6.9% - - 8.0% $62.743 154 7.2%
2013 - - - - - - $57..572 141 7.5%
2012 5 $10.7M 12.2% $10,700,000 $46,121 7.5% $57.154 140 7.4%
2011 - - - - - - $54,729 134 7.5%
f Completed transaction data is based on actual arms-length sales transactions and levels are dependent on the mix of what happened to sell in
the period.
2 Market price trends data is based on the estimated price movement of all properties in the market.informed by actual transactions that have
occurred
1 &2 STAR SALES
Completed Transactions(1) Market Pricing Trends(2)
Year Deals Volume Turnover Avg Price Avg Price/Unit Avg Cap Rate Price/Unit Price Index Cap Rate
202 - - - - - - $87,547 288 6.4%
6
202 - - - - - - $85,782 282 6.4%
5
202 - - - - - - $83,714 275 6.4%
4
202 - - - - - - $82,064 270 6.4%
3
202 - - - - - - $81,566 268 6.3%
2
YTD 4 $0 1.1% - - - $81,409 267 6.3%
202 15 $2.1M 11.9% $713,333 $43,673 7.6% $76,659 252 6.4%
1
202 16 $0 6.8% - - 13.7% $71,683 235 6.4%
0
201 18 $2.3M 10.3% $2,300,000 $33,824 10.3% $62,063 204 6.9%
9
201 8 $20.3M 6.8% $4,052,057 $46,151 8.7% $56.961 187 7 2%
8
201 9 $420K 4.2% $420,000 $26,250 - $55,313 182 7.2/s
7
201 7 $8.1M 5.7% $4,036,500 $50,143 7.0% $53,150 175 7.3%
6
201 11 $0 6.0% - - 8.0% $50,982 167 7.3%
5
201 8 $0 13.6% - - - $47,290 155 7.5%
4
201 5 $650K 1.2% $325,000 $40,625 9.2% $42,881 141 7.9%
3
201 8 $1.2M 6.5% $611,875 $15,893 11.0% $42,583 140 7.8%
2
201 6 $8.9M 4.1% $2,972,500 $34,431 8.9% $40,730 134 7.9%
1
1 Completed transaction data,s based on actual arms-length sales transactions and levels are dependent on the mix of what happened to sell in
the period.
2 Market price trends data is based on the estimated price movement of all properties in the market,informed by actual transactions that have
occurred.
DELIVERIES&UNDER CONSTRUCTION
Inventory Deliveries Net Deliveries Under Construction
Year Bldgs Units Vacancy Bldgs Units Bldgs Units Bldgs Units
2026 - 18,204 11.5% - 161 - 151 - -
2025 - 18,053 11.0% - 116 - 115 - -
2024 - 17,938 10.5% - 15 - 15 - -
2023 - 17,923 10.7% - 0 - (3) - -
2022 - 17,926 11.5% - 623 - 623 - -
YTD 241 17,926 11.8% 5 623 5 623 0 0
2021 236 17,303 10.3% 2 220 2 220 5 623
2020 234 17,083 10.8% 2 286 2 286 5 602
2019 232 16.797 11.2% 0 0 0 0 3 296
2018 232 16,797 12.0% 0 0 0 0 3 296
2017 232 16,797 12.6% 0 0 0 0 0 0
2016 232 16,797 8.9% 0 0 0 0 0 0
2015 232 16,797 8.5% 1 80 0 48 0 0
2014 232 16,749 8.7% 1 8 1 8 1 80
2013 231 16,741 11.3% 0 0 0 0 1 8
2012 231 16,741 9.7% 1 196 1 196 0 0
2011 230 16,545 9.4% 2 204 2 204 1 196
2010 228 16,341 10.1% 8 1,621 8 1,621 2 204
r and
inancing
DEVELOPER'S LAND ACQUISITION & PROJECT FUNDING
Developer proposes to acquire the Land for the fair market value of $916,000.00.
Developer plans to fund its acquisition of the Land, as well as infrastructure costs and
other critical development costs, through a combination of developer cash, private
financing, tax increment financing, development incentives, and public grants, subject to
negotiation with the City of Port Arthur and the Port Arthur Economic Development
Corporation.
iiiiiiaaprences
1
NlJIUAL
It comes with great pleasure to have the opportunity of writing this recommendation. I have been
practicing insurance for over 10 years and throughout my career you form close relationships with
clients who are professional and easy to work with. Selim Kiralp happens to be one of those clients. He
conducts business at a very high standard of ethics and integrity. His ability to understand insurance
losses and how it affects the macro and micro makes it incredibly easy to do business with him. Selim
runs multiple businesses that I have insured in the past and I can confidently say he has a keen ability to
mitigate and manage risk. I truly believe that he will continue to succeed in his future business
endeavors and have no doubt that anyone who knows him feels the same way.
Best Regards.
Edward Vazquez
Owner of Main Mutual Insurance
rences
2
RE/MAX
C O N M E ar C t A %
Hello My name is Bilal Asma and i am the#1 commercial Rea Estate agent for RJMAX in
Texas I have known ad have been representing Salm Kiralp in all of his Real Estate
transactions for the last 6 yeas and they have all been profitable He is a man of honesty and
integnty and always stands by his word and promises_He is one of the most professional and
organized clients I have had to date Whatever he envisions he works had at to make it a
reality He is a very chansmatic person and loves socializing with people.He is very Iikabie due
to his friendly sincerity He is a treasure of knowledge when it comes to Real Estate investing.
and even if you are a professional in your field you can always learn something from him I have
had the honor of staying at one of his Hotels in Istanbul.Turkey and got to see all of his
previous projects in Turkey Based on what I have seen.I can tell you everything Selim Kiralp
touches turns to Gold
Sincerely Bilal W Asma
REJMAX Town&Country
301 s Waters Rd Suite
100.Allen TN.75013
rences
3
Letter of Recommendation
KEYSTONE
MORTGAGE,
NMLS#139356
Mike Johnson
Branch Manager#139356
2530 Eldorado Pkwy,suite 120
Cell: 469-337-5728
Fax: 877-257-1216
Email: mike@mykeystoneloan.com
Branch Manag#139356
2530 Eldorado Pkwy,Suite 120
McKinney,TX 75070
Cell: 469-337-5728
Fax : 877-257-1216
mike•.mykeystoneloan.com
It is my great pleasure to personally recommend Mr. Kiralp at Selim Kiralp LLC. I did not know
it at the time but meeting Mr. Kiralp, in late 2016 was a career changing stroke of luck. Since then I have
had the wonderful opportunity to work closely with him on numerous occasions. Through many financial
transactions I have come to know Mr. Kiralp and his network very well. Financial transactions both
commercial and residential can be complex and challenging. Mr. Kiralp has consistently overcome
obstacles and challenges with integrity and a tenacity to succeed.
Mr.Kiralps strife to ensure excellence with all parties'best interests in mind has been astonishing. I
have witnessed his leadership,integrity,and compassion,time and time again. I cannot fully express how
thankful I am to have had the opportunity to work with Mr. Kiralp and his alliance of partners. My
recommendation of Mr.Kiralp to any consideration is not just for his personal gain or opportunity,but also
that one may understand the valuable relationship and or opportunity before them with Selim Kiralp LLC.
Sincerely,
1ff1P e Jofin'o1
WA' L I S BA N K 0 713.580.9900 F 713 827.8.479
Personalized service since 1906 2929 W Sam Houston Pkwy N,Ste 300
Houston,TX T7043
wallisbonk.com
Date: 10/26/2002
To whom it may concern,
I am Burak Berilgen, Senior Vice President of Wallis Bank and affirm and certify that Mr. Kiralp
at Selim Kiralp LLC, has been engaged in banking activities and transactions with our bank since
2019. Over this period, Mr. Kiralp has been one of our valued and highly regarded clients. As an
accomplished developer, Mr. Kiralp is of considerable net worth and an established businessman
where the Bank is supportive of his projects in general.
Yours faithfully,
` 1
Burak Berilgen
Senior Vice President
rences INDEPENDENT
10'2 l/2022
RE: Real Estate purchase pre-qualification for Mr. Selim Kiralp
To whom it may concern:
Mr. Selim Kiralp is a deposit and loan customer at Independent Financial where we maintain
his business and personal accounts.All accounts are in good standing.
Recently yr. Selim Kiralp told us his plans and intentions of investing in Real Estate properties
in Port Arthur,Texas. Knowing his financial and operational capabilities and abilities
respectively,we have indicated to Mr. Selim Kiralp that we would consider financing these
investments.
However, this is not a commitment for a loan and the final approval will be subject to completion
of required financial and legal due diligence to Independent Financial satisfaction, inspection and
appraisal of the property and compliance with the underwriting requirements of Independent
Financial.
This letter is not a commitment or approval for a loan.
Please call meat 713-600-8982 or email me at toe.berilgen(aU.ifinaneial.com if you have any
questions.
Thank you,
G
Joe Berilgen
Senior Vice President
Berg Drive. S_'e __. :
• -,endices
A
APPENDIX A
INVITATION TO BID
CITY OF PORT ARTHUR.TEXAS
BID SHEET
BID FOR: PURCHASE AND DEVELOPMENT OF 35.24 ACRES
OF LAND LOCATED ON PLEASURE ISLAND
BID DUE DATE:OCTOBER 26,2022
DESCRIPTION TOTAL PURCHASE PRICE
PURCHASE AND DEVELOPMENT OF 35.24 ACRES b//_
OF LAND LOCATED ON PLEASURE ISLAND $ 7 4 . 000
oO (J Oo
)4tCJI 1 p U c_ t .o a R
COMPAN N E STREET ADDRESS
94o8b 3
,SIGNATURE OF BIDDER P.O BOX
SG' !. 4 ra l p Pian0 X '-co 4 tt
PRINT OR TYPE NAME I CITY STATE ZIP
Ma.1aap_r 469 '43'05( 4
TITLE J AREA CODE TELEPHONE NO
Se,(I'M Lira IQ(a\ SP,II'M Palo.corms
EMAIL ' I V 1 FAX NO.
Page 24 of 31
• --endices
A PPE:VDIX B
LETTER OF INTEREST
RFP—Purchase& Development of 35.24 Acres of Land on Pleasure Island
Deadline:October 26,2022
The undersigned firm submits the following information (this RFP submittal) in response to the
Request for Proposals(as amended by any Addenda), issued by the City of Port Arthur.TX (City)
for PURCHASE AND DEVELOPMENT OF 35.24 ACRES OF LAND LOCATED ON
PLEASURE ISLAND Enclosed.and by this reference incorporated herein and made a part of this
RFP,are the following:
• Bid Sheet
• Completed RIP Letter of Interest Form
• Completed Affidavit
• Completed Conflict of Interest Form
• Non Collusion Affidavit
• SB 252
• House Bill 89
Firm understands that the City is not bound to select any firm for the final pre-qualified list and may
reject any responses submitted.
Firm also understands that all costs and expenses incurred by it in preparing this RIP and
participating in this process will be borne solely by the firm.and that the required materials to be
submitted will become the property of the City and will not be returned.
Firm agrees that the City will not be responsible for any errors, omissions. inaccuracies. or
incomplete statements in this RIP. Firm accepts all terms of the RFP submittal process by signing
this letter of interest and making the RFP submittal.
This RFP shall be governed by and construed in all respects according to the laws of the State of
Texas.
Firm Nam I Date
- Auf1 rized Signature Title LJ
Sep( t? . kr,rtp k, 4 69-- e ?--o ct 1�
Name(please print) J Telephone
se._(t'p•L't'a (P set m 141ro )p.
Email
Page 25 of 31
TAR G—Aces C
AtlialiIM
APPENDIX C
AFFIDAVIT
All pages in Offeror's Responses containing statements, letters. etc., shall be signed by a duly
authorized officer of the company whose signature is binding.
The uu dersigned offers and agrees to one of the following:
V I hereby certify that I do not have outstanding debts with the City of Port Arthur. I further
agree to pay succeeding debts as they become due.
I hereby certify that I do have outstanding debts with the City of Port Arthur and agree to
pay said debts prior to execution of this agreement. I further agree to pay succeeding debts as they
become due.
I hereby certify that I do have outstanding debts with the City of Port Arthur and agree to
enter into an agreement for the payment of said debts. I further agree to pay succeeding debts as
they become due.
Se)' g:r4IP !�L 10 /2 6 /2�22—
Firm Nam ' Date
Matot4o,to r---
Afrized`grignature Title J
S,.,i,� 2. V:to Jr 4 (>9- S4?-- 0 si 4
Name(please print) I / Telephone
J I Inn 14_i ra t P i':) ‘8-1:rti i ra I P . c c ✓
Email / ti I
STATE: i—In -./'
n U
COUNTY: ( )QCe`.fJ17'(1
SUBSCRIBED AND SWORN to before me by the above named 6e i m V.I ri ID
``` %011tit01p9 this the o 0 day of QC** ,20 .
--- -AAA-0 0,9a1.,-
' 'o ryirublic
;0 V.A)y o i3o oryp'0. O(t``); RETURN THIS AFFIDAVIT AS PART OF THE BID PROPOSAL
Page 26 of 31
TAB Clogimendices
D
CONFLICT OF INTEREST QUESTIONNAIRE FORM CIQ
For vendor doing business with local governmental entity
This questionnaire reflects changes made to the law by H.B.23,64th Leg.,Regular Session. OFFICE USE ONLY
This euestiorars is being Fled in accordance.r.t'Chapter 176 Local Goverment Code,by a vendor who Data 6>ce�.„
has a business relationship as dot ned by Section 176 001(1-al with a local governmental entity and the
vendor meets reeuremena uncer Secton 176.006(a1
By law this questionnaire must be Fled vrth the reds administrator of he local governmental entity not later
than ire 7th business day after the date the vendor becomes swore of facts that req*e the statement to be
Red See&scion 176 006(as 1).led Government Code
A vender commits an offense if the vendor know:hot/i_lstes Secton 176 006.Local Government Code An
offense Lrder this section is a misdemeanor.
J Name of vendor who has a business relationship with local governmental entity
Non
J ❑ Check this box if you are fling en update to a previously filed questionnaire.r The law requires that you file at updated
completed questionnaire with the apprcpr;ate tl°ng aLthon:y^a later than m^,e 7th business day after the date cr wh ch
you became aware that the originally f ied questionraire was incomplete or tr;axurate 1
2,1 Name of local government officer about whom the information is being disclosed.
UQtn e
Nacre of Officer
J Describe each employment or other business relationship with the Ioca1 government officer,or a family member of the
officer,as described by Section 178.003(a)(2)(A). Also describe any family relationship with the local government officer
Complete subparts A and B for each employment or business relationship described. Attach additional pages to this Form
CIO as necessary. y�
Iaw
A Is the local government officer or a family member of the officer receiving or likely to receive taxable income
other than investment income,from the vendor?
Q Yes 03/No
f3 Is the vendor receiving or likely to receive taxable income,Other than Investment income,from or at the direction
of the local government officer or a family member of the Otter AND the taxable income'a not received from the
local governmental entity?
Yes '
Describe each employment or business relationship that the vendor rnmed in Section 1 maintains with a corporation or
other business entity with respect to which the local government officer serves as an officer or&rector or holds on
ownership interest of one percent or more.
k)ok". Q
J /
Check this box the has giver the local government otScer or a family member of officer one or more fills
as fir{t76O03(ar(2)431 excluding gilts descrbed in Section 176003ra-1)
ID/2 2-2--
e'd vendor dung business eon in*goverrmentai entry • Data
Form provided b!Team Fake Catmission
www ethics slate a us Revised t 1,302015
-endices
E NON-COLLUSION AFFIDAVIT
CITY OF PORT ARTHUR §
STATE OF TEXAS §
By the signature below, the signatory for the bidder certifies that neither he
nor the firm, corporation, partnership or institution represented by the
signatory or anyone acting for the firm bidding this project has violated the
antitrust laws of this State, codified at Section 15.01, et seq.. Texas
Business and Commerce Code, or the Federal antitrust laws, nor
communicated directly or indirectly the bid made to any competitor or any
other person engaged in the same line of business, nor has the signatory
or anyone acting for the firm, corporation or institution submitting a bid
committed any other act of collusion related to the development and
submission of t is bi proposal.
Signature:
Printed Name: Se,(;,.... e. i�4
Title: President
Company: Selim Kiralp, LLC
Date: (6/2 6 2022--
SUBSCRIBED and sworn to before me the undersigned authority byCet F �H e
pr2Si GEPYY{'" of,
9,tirn14-rnod.ot� behalf of said bidder. nn__
DA q �� ary ublic
00. Pue4�.••�9 in and for the
.r d A c = State of Texas
*
*' / rm N = My commission expires:
T. �<••°��re.Ivof�``90 ' ¶ /�IdA i iSi-g oac
,'°'pM,E'P`p�`,�..
F r end ices SB 252
CHAPTER 2252 CERTIFICATION
I. j PO ,c, ) ;r0I P the undersigned an representative
of Selim Kiralp. LLC
(Company or Business Name)
being an adult over the age of eighteen(18)years of age,pursuant to Texas Government Code,
Chapter 2252,Section 2252.152 and Section 2252.153,certify that the company named above
is not listed on the website of the Comptroller of the State of Texas concerning the listing of
companies that are identified under Section 806.051, Section 807.051 or Section 2253.153. I
further certify that should the above-named company enter into a contract that is on said
listing of companies on the website of the Comptroller of the State of Texas which do business
with Iran, Sudan or any Foreign Terrorist Organization, I will immediately notify the City of
Port Arthur Purchasing Department.
Selim Kiralp, LLC Set - �• �;ra ��
Name of Corn ny presentative (Print)
Signature of Company Representative
Date
(0/G/2-0 22-
end ices House Bill 89 Verification
I. k• k ca ro (Person name). the
undersigned representative (hereafter referred tc as
-Representative") of
Selim Kiralp,LLC
/company or business name. hereafter referred
tG as "Business Entity`). being an adult over the age of eighteen (18) years of age.
after being duly sworn by the undersigned notary. do hereby depose and affirm the
following:
1. That Representative is authorized to execute this verification on behalf of
Business Entity:
2. That Business Entity does not boycott Israel and will not boycott Israel during
the term of any contract that will be entered into between Business Entity and the City
of Port Arthur: and
3. That Representative understands that the term "boycott Israel" is defined by
Texas Government Code Section 2270.001 to mean refusing to deal with. terminating
business activities with. or otherwise taking any action that is intended to penalize.
inflict economic harm on, or limit commercial relations specifically with Israel. or with a
person or entity doing business in Israel or in an Israeli-controlled territoyy. but does
not include an action made for ordinary business purposes. 1
SIGNATURE OF REPRESENTATIVE
SUBSCRIBED AND SWORN TO BEFORE ME. the undersigned authority. on this
1 day of 0 C4D X . 20 91
oa e�,.•, -7 Notary Public
Al
�a Zp
�,
,, 0 •.'Y 1D �30a•• 0�
P.R.No. 22961
12/29/22 gd
Exhibit "C"
Request for Proposals
CITY OF PORT ARTHUR,TEXAS
INVITATION TO BID
NOTICE IS HEREBY GIVEN THAT sealed Bids, addressed to the City of Port Arthur,will be
received at the Office of the City Secretary,City Hall 444 4th Street or P.O.Box 1089.Port Arthur,
Texas 77641 no later than 3:00 P. M., Wednesday, October 26, 2022. Applicant names will be
read aloud beginning at 3:15 P.M.,Wednesday,October 26,2022 on this date in the City Council
Chambers, City Hall, 5th Floor for certain services briefly described as:
PURCHASE AND DEVELOPMENT OF 35.24 ACRES OF LAND LOCATED ON
PLEASURE ISLAND
Bids received after the deadline stated above, regardless of method of delivery, will not be
considered and returned unopened.
Copies of the Specifications and other Contract Documents are on file in the Purchasing Office,
444 4th Street, City of Port Arthur, and are open for public inspection without charge. They can
also be retrieved from the City's website at www.vortarthutx.gov or www.publicvurchase.com
The City of Port Arthur reserves the right to reject any and all bids and to waive
informalities.
Per Chapter 2 Article VI Sec. 2-262(C) of the City's Code of Ordinance, the City Council shall
not award a contract to a company that is in arrears in its obligations to the City.
:rig al&
Clif on Williams, CPPB
Purchasing Manager
FIRST PUBLICATION: September 17, 2022
SECOND PUBLICATION: September 24, 2022
CITY OF PORT ARTHUR
Request for Bid
Purchase and Development of 35.24 Acres of Land Located
on Pleasure island
September 17, 2022 September 24,2022
CITY OF PORT ARTHUR,TEXAS
INVITATION TO BID
NOTICE IS HEREBY GIVEN THAT sealed Bids,addressed to the City of Port Arthur,will be received
i at the Office of the City Secretary, City Hall 444 4th Street or P.O.Box 1089, Port Arthur, Texas
177641 no later than 3:00 P.M.,Wednesday,October 26,2022.Applicant names will be read aloud
beginning at 3:15 P.M.,Wednesday,October 26,2022 on this date in the City Council Chambers,
City+Hall,5th Floor for certain services briefly described as:
PURCHASE AND DEVELOPMENT OF 35.24 ACRES OF LAND LOCATED ON
PLEASURE ISLAND
Bids received after the deadline stated above,regardless of method of delivery,will not be considered I
and returned unopened.
Copies of the Speclfications and other Contract Documents are on file to the Purchasing Office,444
4th Street,City of Port Arthur.and are open for public Inspection without charge.They can also be
retrieved from the Citys website at www,cortarthutx.4ov or www.oublicourchase,com
The City of Port Arthur reserves the right to reject any and all bids and to waive informalities.
Per Chapter 2 Article VI Sec.2-262(C)of the City's Code of Ordinance, the City Council shall not
award a contract to a company that is in arrears in its obligations to the City.
Ly_clifton Williams •
Clifton Williams,CPPB
Purchasing Manager
CITY OF PORT ARTHUR,TEXAS
INVITATION TO BID
NOTICE IS HEREBY GIVEN THAT sealed Bids,addressed to the City of Port Arthur,will be received
at the Office of the City Secretary.City Hall 444 491 Street or P.O. Box 1089,Port Arthur,Texas
77641 no later than 3:00 P.M.,Wednesday,October 26,2022.Applicant names will be read aloud
beginning at 3:16 P.M.,Wednesday,October 26,2022 on this date in the City Council Chambers,
City Hall,5th Floor for certain services briefly described as:
PURCHASE AND DEVELOPMENT OF 35.24 ACRES OF LAND LOCATED ON
PLEASURE ISLAND
•
Bids received after the deadline stated above,regardless of method of delivery,will not be considered
and returned unopened.
Copies of the Specifications and other Contract Documents are on file in the Purchasing Office,444
4th Street,City of Port Arthur,and are open for public inspection without charge.They can also be
retrieved from the City's website at 1yww.00rtarthutx.0ov or vlww.oyblicnprc tase.00m
• The City of Port Arthur reserves the right to reject any and all bids and to waive informalities.
•
Per Chapter 2 Article Vi Sec.2-262(C)of the City's Code of Ordinance,the City Council shall not .
award a contract to a company that Is in arrears in its obligations to the City.
lslClfton Witiiami
Clifton Williams,CPPB
Purchasing Manager
THURMAN BILL BARTIE,MAYOR , = RONALD BURTON
INGRID HOLMES.,MAYOR PRO TEM City of CITY MANAGER
COUNCIL MEMBERS: SHERRI BELLARD.TRMC
'� CITY SECRETARY
DONALD FRANK,SR CAL JONES o r t r t{r r[
THOMAS KINLAW III VAL TREND
KENNETH MARKS T as,
CITY ATTORNEY
CHARLOTTE MOSES
September 16, 2022
REQUEST FOR PROPOSAL
PURCHASE AND DEVELOPMENT OF 35.24 ACRES
OF LAND LOCATED ON PLEASURE ISLAND
DEADLINE: Sealed proposal submittals must be received and time stamped by 3:00 p.m.,Central
Standard Time,Wednesday,October 26,2022. (The clock located in the City Secretary's office
will be the official time.) All proposals received will be read aloud at 3:15 p.m. on October 26,
2022 in the City Council Chambers, City Hall, 5`h Floor, Port Arthur, TX. Proposals will be
opened in a manner to avoid public disclosure of contents; however, only the names of proposers
will be read aloud.
MARK ENVELOPE: P22-090
DELIVERY ADDRESS: Please submit one (1) original and three (3) exact duplicate copies of
your RFP& USB to:
CITY OF PORT ARTHUR CITY OF PORT ARTHUR
CITY SECRETARY or CITY SECRETARY
P.O. BOX 1089 444 4TH STREET,4th Floor
PORT ARTHUR, TEXAS 77641 PORT ARTHUR, TEXAS 77640
POINTS OF CONTACT:
Questions concerning the Request for Proposal should be directed in writing to:
City of Port Arthur, TX
Clifton Williams, Purchasing Manager
P.O. Box 1089
Port Arthur, TX 77641
clifton.williams@portarthurtx.gov
Purchasing Division/Finance Department I Purchasing Manager.Clifton Williams,CPPB
P.O.Box 1089 1 444 4W Street I Port Arthur,Texas 77641 1409.983.8160 I Fax 409.983.8291
The enclosed REQUEST FOR PROPOSAL(RFP) and accompanying General Instructions are for
your convenience in submitting proposals for the enclosed referenced services for the City of Port
Arthur.
Proposals must be signed by a person having authority to bind the firm in a contract. Proposals shall
be placed in a sealed envelope, with the Vendor's name and address in the upper left-hand corner
of the envelope.
ALL PROPOSALS MUST BE RECEIVED IN THE CITY SECRETARY'S OFFICE BEFORE
OPENING DATE AND TIME. It is the sole responsibility of the firm to ensure that the sealed RFP
submittal arrives at the above location by specified deadline regardless of delivery method chosen
by the firm. Faxed or electronically transmitted RFP submittals will not be accented.
rizzpfrt. GlAiezomixt-
Clifton Williams, CPPB
Purchasing Manager
Page 2 of 31
REQUESTS FOR PROPOSALS
PURCHASE AND DEVELOPMENT OF 35.24 ACRES OF LAND LOCATED ON
PLEASURE ISLAND
(To be Completed ONLY IF YOU DO NOT BID.)
FAILURE TO RESPOND TO BID SOLICITATIONS FOR TWO (2) BID PERIODS MAY
RESULT IN REMOVAL FROM THE VENDOR'S LIST. However, if you are removed you will
be reinstated upon request.
In the event you desire not to submit a bid, we would appreciate your response regarding the
reason(s). Your assistance in completing and returning this form in an envelope marked with
the enclosed bid would be appreciated.
NO BID is submitted: this time only not this commodity/service only
Yes No
Does your company provide this product or sere ices?
Were the specifications clear?
Were the specifications too restrictive?
Does the City pay its bills on time?
Do you desire to remain on the bid list for this product or service?
Does your present work load permit additional work?
Comments/Other Suggestions:
Company Name:
Person Completing Form: Telephone:
Mailing Address: Email:
Cite, State. Zip Code: Date:
Page 3 of 31
-EQUEST FOR PROPOSAL
Purchase and Development of 35.24 Acres of Land Located on Pleasure Island
PROPOSAL EVALUATION
RFP shall be awarded to the best-quoted proposal. The proposals will be evaluated on the factors
outlined below which shall be applied to all eligible,responsive proposals in selecting the successful
Offer. Award of a contract may be made without discussion with proposers after responses are
received. Proposals should,therefore, be submitted on the most favorable terms.
Sealed Proposal Submission
Proposals shall be sealed and clearly marked with the Proposer's name and return address, and
indicate the proposal number and title. Facsimile or e-mail submitted proposals will not be accepted.
Responses received after the deadline cannot be considered and will be returned unopened. The
City is not responsible for delays occasioned by the U.S. Postal Service, the internal mail delivery
system of the City, or any other delivery method employed by the Proposer.
Proposers or their authorized representatives are expected to fully inform themselves as to the
general terms and conditions, requirements and development criteria of this RFP before submitting
proposals. Failure to do so will be at the proposer's own risk.
CRITERIA FOR EVALUATION IN ORDER OF IMPORTANCE:
1. Overall Development Concept 50°/0
2. Experience with Floodplain Reclamation 20%
3. Financials for Site 20'%
4. Developer Qualifications 10%
Negotiations may be conducted with responsible proposers who submit proposals determined to be
susceptible of being selected for award. All Proposers will be accorded fair and equal treatment
with respect to any opportunity for negotiation and revision of proposals. Revisions to proposals
may be permitted after submission and before award for the purpose of obtaining best and final
offers.
After negotiations the City will present a contract reflecting the agreements reached between the
City and the selected proposer during the negotiation process subsequent to the RFP award, to Port
Arthur City Council for approval. Approval by the Port Arthur City Council and signature by
authorized representatives will result in the final and binding contract between the City and the
selected Proposer.
Page 4 of 31
PROPOSAL INFORMATION
SECTION 1 —INTRODUCTION
The City of Port Arthur is seeking proposals from experienced Commercial/Residential Developers
to develop 35.24 acres of vacant City-owned property ("the Site") located on Pleasure Island into
mixed use development and in conformance with the City's Comprehensive Plan.
�" •. ' o
. •
•
•
� ,.. «• .ham
10,40
11
'
r
The development shall be pursuant to applicable sections of the Texas Local Government Code and
Port Arthur Code of Ordinances, in accordance with the terms, conditions, and requirements set
forth in this Request for Proposals ("RFP").
PROPOSERS ARE ENCOURAGED TO FULLY READ THE INFORMATION CONTAINED IN
THIS RFP CAREFULLY AND TO SUBMIT A COMPLETE RESPONSE TO ALL
REQUIREMENTS AND QUESTIONS AS DIRECTED.
1.1 The Opportunity:
City is seeking to sell the Site at or above fair market value to an experienced developer in order to
develop the property as mixed-use. Although the Site is currently zoned Light Commercial,the Site
presents an opportunity for mixed-use development. The future developed Site should include any
combination of housing,office,retail,medical,water-themed recreational, commercial or industrial
component.
1.2 The Desired Outcome:
The requirement is a water-themed recreational project. In addition the City will evaluate the highest
and best use of the Site is any combination of housing, office, retail, medical, commercial or
industrial component.
Page 5 of 31
,:
.- - t:
tom'
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-
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a Vision for the Marina District
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• l:yE:r
1.3 The Site:
The Site is approximately 35.24 acres of undeveloped vacant land Located on Pleasure Island in
The City of Port Arthur Legally Described As:
35.24 ACRES OF LAND
OUT OF THE H. L. MCKEE SURVEY
ABSTRACT NO. 930, CITY OF PORT ARTHUR SURVEY
ABSTRACT NO. 931 & ABSTRACT NO. 932 JEFFERSON COUNTY, TEXAS
(see figures below)
Page 6 of 31
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Page 7 of 31
' L' .Y PRELIMINARY PLAT OF
:•' • " -- -- PLEASURE ISLAND TRACT I
..:.: . • . . .. 35.24 ACRES OF LAND
..
PART OF THE H.. MOOT SURVEY
. .•. _,. / �CD _�j� ABSTRACT NO. 930.
` i T THE CITY OF PORT ARTHUR SURVEY
ABSTRACT NO. 9.3,
& TFE CITY OF PORT ARTHUR SURVEY
ABSTRACT NO" 932
MONTT O, JEFFERSON COUNTY. TEXAS
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Site History: On May 29, 1951, City of Port Arthur dedicated the Site as a park land for the people
of Port Arthur. A portion of this Site had been historically utilized as a music park. On May 7,2022,
a Special Election was held to submit a proposition to the qualified voters as to the sale of various
land on Pleasure Island,to be sold according to the specific requirements of the City Charter,Texas
Local Government Code, Texas Parks and Wildlife Code. Proposition A was adopted by qualified
voter which authorize the sell in fee title interest in land the City owns, holds, or claims as a park
for fair market value, based upon a certified appraisal.
Existing Buildings: There are no existing building structures on the Site.
Access,streets,and sidewalk: The Site has a water frontage with a board walk bordering the south
perimeter facing Sabine Lake that can be accessed from Pleasure Pier Blvd. The Site is located
adjacent to the Pleasure Island RV Park and Pleasure Island Marina.
Drainage: The Site will require a substantial degree of floodplain reclamation to maximize
development potential.
Existing Zoning: The Site is currently zoned as LC— Light Commercial but is expected to be re-
zoned to MU — Mixed Used District upon the adoption of the new City Zoning Ordinance by the
City Council.
Current Zoning
Page 8 of 31
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Page 9 of 31
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Existing Topography: The Site is situated on 18.5-mile-long man-made body of land that extends
from the mouth of the Neches River on the northwest to the Sabine Causeway on the southeast and
is surrounded by Sabine Lake and the Sabine Neches Intracoastal Waterway. The Site is heavily
wooded and irregular in shape.
Appraised Value: The market value of the Site as of August 01, 2022, is$916,000, as determined
by a certified commercial appraisal report dated August 15, 2022 and attached it to this RFP.
1.4 Qualifications Being Sought:
A. A development entity with a demonstrated track record and continued capability,
as a company and/or Development Team,to successfully reclaim floodplain to
develop the Site as residential and/or commercial without legal or technical
problems.
B. Capability to provide the resources, including financial, equipment and staffing,
necessary to meet project requirements.
C. Past performance on similar projects with other local municipalities on construction
of reclamation development projects and is not currently,nor ever have been,on the
federal government's suspended or debarred list.
D. Qualifications and experience of the team members proposed to manage the project
for Proposer as evidenced by the resumes of the proposed personnel. Only those
personnel who will be directly involved in and assigned to this project shall be
submitted with their role clearly indicated.
Page 10 of 31
E. Quality of references from past funding or equity sources, municipalities, or other
entities which are qualified to comment on the company and/or Development Team's
ability to successfully develop the Site.
1.5 Role of Development Team and City:
Following Developer's selection and execution of an Exclusive Right to Negotiate agreement,
Developer shall proceed with detailed due diligence, pre-development, and entitlement activities
while working with City to negotiate a Purchase and Sale Agreement for the property.
The City anticipates that the general scope of the successful Developer team's responsibilities would
include,but not be limited to:
A. Entitlements
The Developer shall be responsible for all aspects of the Project including pre-development
planning, environmental review and design. The selected Developer shall be responsible,
at its sole expense, for obtaining all land use entitlements and other government approvals
required for its proposed Project.
During the Negotiation Period, the selected Developer shall prepare and process an Initial
Study and undertake all other actions required under CEQA for City approval of the
Project, at Developer's cost. In addition to the Initial Study, Developer may, during the
Negotiation Period, without any guaranty of approval therefor, seek City approval of a
General Plan amendment, zone change, and any subdivision entitlements that may be
required for the development of the Project.
B. Predevelopment Costs
The selected Developer shall bear all predevelopment costs relating to this project. All
fees or expenses of engineers, architects, financial consultants, attorneys, planning or other
consultants or contractors retained by Developer for any study, analysis, evaluation, report,
schedule, estimate, environmental review, surveys, planning and/or design activities,
drawings, specifications or other activity or matter relating to the Project shall be the sole
responsibility of and undertaken at the sole cost and expense of Developer and no such
activity or matter shall be deemed to be undertaken for the benefit of, at the expense of, or
in reliance upon the City.
C. Reimbursable Costs
The selected Developer shall reimburse the City for the actual out-of-pocket costs and
expenses that include, but not limited to, title reports, title searches, appraisal costs,
replats, taxes and other various real estate transaction fees in negotiating and preparing the
Purchase and Sale Agreement and fulfilling its obligations under this Agreement.
D. Legislative Action
City and Developer acknowledge that the City must exercise its independent legislative
authority in making any and all findings and determinations required of it by law
concerning the City Parcels. Developer selection does not restrict the legislative authority
of the City in any manner whatsoever and does not obligate the City to enter into the
Exclusive Right to Negotiate Agreement or to take any course of action with respect to the
Project.
Page 11 of 31
E. Financing
The Developer shall be responsible for providing funding for the Project, whether it be in
the form of debt financing, equity, tax credits or a combination of these methods. If debt
financing is used, no financial risk or credit risk shall be imposed upon or borne by the
City.
F. Construction
The Developer shall be responsible for demolition, construction and commissioning of the
Project including obtaining all permits, fees, and approvals necessary for construction of
the Project. The City is committed to facilitating the development of the Site by any
reasonable means, including rezoning the property and consideration of economic
development incentives.
SECTION 2—NOTICE TO PROPOSERS
2.1 Request for Qualifications Notice:
The City is accepting RFPs from experienced Developers to develop the Site in accordance with the
terms,conditions and requirements set forth in this RFP. For the purposes of this RFP,"Developer
or Development Team" shall mean a primary development entity(individual or company) that will
be responsible for the development of the Site and any of its development partners including, but
not limited to architectural and engineering firms,construction companies,equity and debt financing
partners, and project management firms.
2.2 The City's Contact:
QUESTIONS—All questions regarding the meaning or intent of these documents must be
submitted in writing to:
City of Port Arthur
Clifton Williams, Purchasing Manager
P.O. Box 1089
Port Arthur, TX 77641
clifton.williams(a,portarthurtx.gov
The City, as it determines necessary for interpretation or clarification. will respond to such
questions through addenda to all "plan holders"on record.
2.3 Proposer's Acceptance of Evaluation Methodology:
WAIVER OF CLAIMS: Each Proposer by submission of a response to this RFP waives any claims
it has or may have against the City, its consultants, and their respective employees, officers,
members, directors and partners; the City's Representative and its employees, officers, members,
directors and partners; and the City, its employees, officers and elected officials, agents,
representatives, that are connected with or arising out of this RFP, including, the administration of
the RFP,the RFP evaluation,and the selection of qualified Proposers to receive a RFP. Submission
of a Proposal indicates Proposer's acceptance of the evaluation technique and Proposer's
recognition that some subjective judgments must be made by the City during the evaluation of the
Proposals received. Without limiting the generality of the foregoing, each Proposer acknowledges
that the basis of selection and that the evaluations shall be made public in accordance with applicable
Page 12 of 31
law and waives any claim it has or may have against the above-named persons, due to information
contained in such evaluations.
2.4 Proposer's Commitment:
Proposer understands and agrees that the City has the ability to terminate its selection process at any
time, and to reject any and all responses, or any and all submittals, and that the City has made no
representation, written or oral, that it will accept a proposal or award a contract for this Project.
2.5 Deed
The City will provide a Special Warranty Deed at closing for the property being sold. It is at the
election and cost of the winning bidder to purchase title insurance.
2.6 Proposer's Eligibility:
Only individual firms or formal joint ventures may respond to this RFP. Two firms may not respond
jointly unless they have formed a joint venture. (This does not preclude a Proposer from utilizing
consultants and/or sub-consultants.)
2.7 Key Events Schedule:
The tentative timeline established by the Cities for the selection process is:
First Advertisement and Issue RFP: September 17, 2022
Second Advertisement: September 24, 2022
Interpretation/Request Deadline: October 12, 2022
Issue Addendum: October 19, 2022
RFP Deadline: October 26, 2022
Interviews, if needed: Recommendation to Award: November 16, 2022
This timeline is subject to change by the City.
SECTION 3— SUBMITTAL, EVALUATION AND SELECTION PROCEDURES
3.1 Submittal Requirements:
Proposals and any other information submitted in response to this RFP shall become the property of
the City. Proposers may submit more than one response to this RFP; however, each response must
be a separate and complete package that can be considered independently of any other response
from the same Proposer. Submittals should include the following:
A. Cover Letter
Signature from authorized officer/agent of the development entity
B. Development Team Composition, Experience, and Financial Capacity
Page 13 of 31
Primary Development Entity—full legal name, type,primary contact.
- Proposed Development Team—brief resumes for key members including company
information.
P Ownership Entity type, formation data, general and managing partner, or other
principal.
- List of projects (completed or nearly completed) in which the development entity
or key member(s)has (have)been involved in the past five (5)years.
- Describe in greater detail those projects from the previous list that are similar in
type, size, scale or complexity to the project scope anticipated in this RFP. To the
extent possible, please include project name, type, location, description including
land use and building square footages, current status, composition of Development
Team, project cost, project financing, and project photos/renderings/marketing
materials.
P List any current projects in the pre-development, design, or construction phase.
P Include a Statement of Financial Capacity as well as a Certified Financial Statement
showing the assets and the liabilities, including contingent liabilities, of the
development entity, and any affiliates/partners with more than a ten (10%)
ownership interest in the development entity, fully itemized in accordance with
accepted accounting standards. Confidential financial information should be
clearly labeled as such. The City will consider and treat such information as
confidential to the extent allowed by law.
Include any additional information deemed helpful in demonstrating the
Developer's financial capacity and capability to complete the proposed
development.
C. Proposed Concept
Describe in great detail the proposed vison and/or concept for the residential project
anticipated in this RFP. To the extent possible, describe the proposed land use, anticipated
buildings/residential units, required infrastructure, amount of floodplain reclamation,
design and development standards, amenities, landscaping and project post-development
projected tax valuation. Please include any available photos, renderings and marketing
materials.
D. Price for Site
The amount to be paid to the City for the Site shall be listed on the enclosed Bid Sheet.
E. References
Provide at least five (5) references with sufficient information to evaluate the
Development Team's past performance, ideally on those projects of similar type,
size, scale, or complexity to the project scope anticipated in this RFP.
References should include company/organization, names, titles. telephone
numbers, and email addresses for individuals who can provide information related
to the capabilities of the Development Team and key team members.
Page 14 of 31
F. Proposer's Signature Page and Conflict of Interest Questionnaire
Proposers must complete, sign, and include Proposer's Signature Page and Conflict of
Interest Questionnaire with the submittal. Failure to include these documents may subject
the submittal to disqualification.
3.2 Submittal Format:
Follow details listed in item 2 in the General Clauses and Conditions,page 1.
Submitted materials must be enclosed in a sealed envelope (or box or container);
clearly indicating "RFP No. 22-090; DELIVERY ADDRESS: Please submit
one (1) original and three(3) exact duplicate copies of your RFP to:
CITY OF PORT ARTHUR CITY OF PORT ARTHUR
CITY SECRETARY Or CITY SECRETARY
P.O. BOX 1089 444 4TH STREET,4th Floor
PORT ARTHUR, TEXAS 77641 PORT ARTHUR, TEXAS 77641
All submittals must conform to the requirements outlined in the RFP. Incomplete
submittals will not be considered.
-_ Telephone("PHONE"), Facsimile ("FAX"), or Internet ("E-mail") submittals will not be
accepted.
3.3 Submittal Deadline:
The City will accept responses to this RFP until the time and date listed in Section 2.7, after which
time all responses timely received will be publicly opened, and the names of the Proposers read
aloud. Responses received after the submittal deadline will not be considered.
3.4 Evaluation of Submittals:
The City will evaluate all submittals and may invite consultants and representatives from other
qualified organizations to evaluate the submittals as deemed necessary. The decision to reject any
or all proposals is final and is not subject to due process or appeal. The City reserves the right to
request additional information from any Proposer, to interview any Proposer, and to request and
secure modifications or amendments to any submittal.
3.5 Selection Procedure:
Selection Process: The time period for awarding the RFP is set out in Section 2.7 above. The City
will evaluate each response. The City will review written responses and score the responses on
demonstrated competence, qualifications, and responsiveness to the RFP using the point system
outlined below. The City may choose to interview developers submitting RFPs.
Scoring(100-point scale):
A. 50 points—Developer's proposed concept
o Quality of proposed design
o Strength of response and alignment to market conditions
o Proposed building and architectural standards and design
Page 15 of 31
o Proposed amenities and landscaping
o Pedestrian connectivity with surrounding area
o Alignment of response with objectives outlined in the RFP
o Must submit timeline of the phases of the project
o Must submit marketing strategy for completed development
B. 20 points—Experience with Floodplain Reclamation
o Experience in obtaining hydrologic engineering studies
o Past experience obtaining FEMA Letters of Map Revision(LOMRs)
o Experience obtaining fill permits and/or floodplain alteration permits
o Knowledge of Port Arthur codes and ordinances related to floodplain regulations
C. 20 points—Financials for Site
o The amount listed for the Site to be paid to City. To meet requirements of State
law, the price must be the $916,000.00,market value of the land, or higher.
o A letter of credit must be obtained from a bank or financial institute that guarantees
we will receive the buyer's payment on time and for the full amount
o Proposer must submit financial statements from the last five years.
D. 10 points -Developer Qualifications, including Individuals and Company
a. Firm's number of years in business, size and staffing
b. Firm's experience developing projects of similar scope, size and quality including
relevant examples
c. Experience of proposed personnel on similar projects and as a project team
d. References
Page 16 of 31
GENERAL INFORMATION:
NOTE: It is extremely important that the Vendor, Bidder,and/or Contractor furnish the City
of Port Arthur the required information specified in Bid or Proposal Specifications listed in
this Bid Package.
All bids meeting the intent of this request for bid will be considered for award. BIDDERS TAKING
EXCEPTION TO THE SPECIFICATIONS, OR OFFERING SUBSTITUTIONS, SHALL STATE
THESE EXCEPTIONS BY ATTACHMENT AS PART OF THE BID. The absence of such a list
shall indicate that the bidder has not taken exceptions and the City shall hold the bidder responsible
to perform in strict accordance with the specifications of the invitation. The City reserves the right
to accept any and all or none of the exception(s)/substitutions(s)deemed to be in the best interest of
the City of Port Arthur.
ALTERING BIDS: Bids cannot be altered or amended after submission deadline. Any
interlineations, alteration,or erasure made before opening time must be initialed by the signer of the
bid, guaranteeing authenticity.
BID AWARD: The City of Port Arthur will review all bids for responsiveness and compliance
with these specifications. The award shall be made to the responsive, responsible bidder who
submits the best value bid.
The City reserves the right to:
1. Reject any and all bids and to make no award if it deems such action to be in its best
interest.
2. Award bids on the lump sum or unit price basis, whichever is in the best interest of the
City.
3. Reject any or all bids and to waive informalities or defects in bids or to accept such bids
as it shall deem to be in the best interests of the City.
4. Award bids to bidders whose principal place of business is in the City of Port Arthur and
whose bid is within 5% of the lowest bid price, as provided by Section 271.905 of the
Texas Government Code. Excluding Federal Funds
TERMINOLOGY: "Bid" vs. "Proposal"--For the purpose of this ITB. the terms "Bid" and
Proposal" shall be equivalent.
Bidders are cautioned to read the information contained in this ITB carefully and to submit a
complete response to all requirements and questions as directed.
CONFLICT OF INTEREST: Provide a completed copy of the Conflict of Interest Questionnaire
(Form CIQ). The Texas legislature recently enacted House Bill 914 which added Chapter 176 to the
Texas Local Government Code. Chapter 176 mandates the public disclosure of certain information
concerning persons doing business or seeking to do business with the City of Port Arthur, including
affiliations and business and financial relationships such persons may have with City of Port Arthur
officers. The form can be can be located at the Texas Ethics Commission website:
https://www.ethics.state.tx.us/filinginfo/conflict forms.htm
By doing business or seeking to do business with the City of Port Arthur including submitting a
response to this RFP, you acknowledge that you have been notified of the requirements of Chapter
Page 17 of 31
176 of the Texas Local Government Code and you are representing that you in compliance with
them.
Any information provided by the City of Port Arthur is for information purposes only. If you
have concerns about whether
Chapter 176 of the Texas Local Government Code applies to
you or the manner in which you must comply,you should consult an attorney.
ETHICS: Public employees must discharge their duties impartially so as to assure fair,competitive
access to governmental procurement by responsible contractors. Moreover, they should conduct
themselves in such a manner as to foster public confidence in the integrity of the City of Port
Arthur's procurement organization.
Any employee that makes purchases for the City is an agent of the City and is required to follow the
City's Code of Ethics.
MINIMUM STANDARDS FOR RESPONSIBLE PROSPECTIVE BIDDERS: A prospective
bidder must affirmatively demonstrate bidder's responsibility. A prospective bidder must meet the
following requirements:
1. Be able to comply with the required or proposed delivery schedule.
2. Have a satisfactory record of performance.
3. Have a satisfactory record of integrity and ethics.
4. Be otherwise qualified and eligible to receive an award.
5. Be engaged in a full time business and can assume liabilities for any performance or warranty
service required.
6. The City Council shall not award a contract to a company that is in arrears in its
obligations to the City.
7. No payments shall be made to any person of public monies under any contract by
the City with such person until such person has paid all obligations and debts
owed to the City, or has made satisfactory arrangements to pay the same.
ADDENDA: Any interpretations,corrections or changes to the ITB and Specifications will be made
by addenda. Sole issuing authority of addenda shall be vested in the City of Port Arthur Purchasing
Manager. The City assumes no responsibility for the bidder's failure to obtain and/or properly
submit any addendum. Failure to acknowledge and submit any addendum may be cause for the bid
to be rejected. It is the vendor's responsibility to check for any addendums that might have been
issued before bid closing date and time.
PORT ARTHUR PRINCIPAL PLACE OF BUSINESS: Any bona fide business that claims the
City of Port Arthur as its principal place of business must have an official business address (office
location and office personnel)in Port Arthur,the principal storage place or facility for the equipment
shall be in Port Arthur and/or the place of domicile for the principal business owner(s) shall be in
Port Arthur or such other definition or interpretation as is provided by state law. Contractors outside
the City of Port Arthur are allowed to bid.
PRICES: The bidder should show in the proposal both the unit price and total amount, where
required, of each item listed. In the event of error or discrepancy in the mathematics, the unit price
shall prevail.
Page 18 of 31
PURCHASE ORDER: A purchase order(s) shall be generated by the City of Port Arthur to the
successful bidder. The purchase order number must appear on all itemized invoices.
INVOICES: All invoices shall be mailed directly to the City of Port Arthur, Attn.: Development
Services,P.O. Box 1089,Port Arthur, Texas 77641.
PAYMENT: Payment will be made upon receipt of the original invoice and the acceptance of the
goods or services by the City of Port Arthur, in accordance with the State of Texas Prompt Payment
Act, Article 601f V.T.C.S. The City's standard payment terms are net 30, i.e. payment is due 30
days from the date of the invoice.
SALES TAX: The City of Port Arthur is exempt by law from payment of Texas Sales Tax and
Federal Excise Tax; therefore the proposal shall not include Sales Tax.
VENUE: This agreement will be governed and construed according to the laws of the State of
Texas. This agreement is performable in Port Arthur, Texas, Jefferson County.
COMPLIANCE WITH LAWS: The Contractor shall comply with all applicable laws,ordinances,
rules, orders, regulations and codes of the federal, state and local governments relating to
performance of work herein.
INTEREST OF MEMBERS OF CITY: No member of the governing body of the City, and no
other officer, employee or agent of the City who exercises any functions or responsibilities in
connection with the planning and carrying out of the program, shall have any personal financial
interest, direct or indirect, in this Contract; and,the Contractor shall take appropriate steps to assure
compliance.
DELINQUENT PAYMENTS DUE CITY: The City of Port Arthur Code of Ordinances prohibits
the City from granting any license, privilege or paying money to any-one owing delinquent taxes,
paving assessments or any money to the City until such debts are paid or until satisfactory
arrangements for payment has been made. Bidders must complete and sign the AFFIDAVIT
included as part of this ITB.
QUANTITIES: Quantities shown are estimated, based on projected use. It is specifically
understood and agreed that these quantities are approximate and any additional quantities will be
paid for at the quoted price. It is further understood that the contractor shall not have any claim
against the City of Port Arthur for quantities less than the estimated amount.
SHIPPING INFORMATION: All bids are to be F.O.B., City of Port Arthur. Port Arthur. TX
77640
INCORPORATION OF PROVISIONS REQUIRED BY LAW: Each provision and clause
required by law to be inserted into the Contract shall be deemed to be enacted herein and the Contract
shall be read and enforced as though each were included herein. If, through mistake or otherwise,
any such provision is not inserted or is not correctly inserted the Contract shall be amended to make
such insertion on application by either party.
CONTRACTOR'S OBLIGATIONS: The Contractor shall and will, in good workmanlike
manner, perform all work and furnish all supplies and materials, machinery, equipment, facilities
and means, except as herein otherwise expressly specified, necessary or proper to perform and
Page 19 of 31
complete all the work required by this Contract, in accordance with the provisions of this Contract
and said specifications.
The apparent silence of these specifications as to any detail or to the apparent omission from it of a
detailed description concerning any point shall be regarded as meaning that only the best
commercial practices are to prevail.
While the purpose of the specifications is to indicate minimum requirements in the way of
capability, performance, construction, and other details, its use is not intended to deprive the City
of Port Arthur the option of selecting goods which may be considered more suitable for the purpose
involved.
In the event of conflicts between the written bid proposal and information obtained verbally, the
vendor is specifically advised that the written bid proposal will prevail in the determination of the
successful bidder.
Under the Title VI of the Civil Rights Act of 1964, no person shall, on the grounds of race, color,
or national origin, be excluded from participation in, be denied the benefits of, or be subjected to
discrimination under any program or activity receiving Federal financial assistance.
TERMINATION FOR CAUSE: If,through any cause,the Contractor shall fail to fulfill in a timely
and proper manner his obligations under this contract, or if the Contractor shall violate any of the
covenants, agreements or stipulations of this contract, the City shall thereupon have the right to
terminate this contract by giving written notice to the Contractor of such termination and specifying
the effective date thereof, at least fifteen (15) days before the effective date of such termination.
Notwithstanding the above, the Contractor shall not be relieved of liability to the City for damages
sustained by the City by virtue of any breach of the contract by the Contractor, and the City may
withhold any payments to the Contractor for the purpose of set-off until such time as the exact
amount of damages due the City from the Contractor is determined.
TERMINATION FOR CONVENIENCE:The City may terminate this contract at any time giving
at least thirty(30)days notice in writing to the Contractor. If the Contract is terminated by the City
as provided herein, the Contractor will be paid for the service that it has performed up to the
termination date. If this contract is terminated due to fault of the Contractor,the previous paragraph
hereof relative to termination shall apply.
RELEASES AND RECEIPTS: The City of Port Arthur before making payments may require the
Contractor to furnish releases or receipts for any or all persons performing work and supplying
material or service to the Contractor, or any sub-contractors for work under this contract, if this is
deemed necessary to protect its interests.
CARE OF WORK: The Contractor shall be responsible for all damages to person or property that
occurs as a result of his fault or negligence in connection with the work performed until completion
and final acceptance by the City.
SUB-CONTRACTS: The Contractor shall not execute an agreement with any sub-contractor or
permit any sub-contractor to perform any work included in this Contract until he has received from
the City of Port Arthur written approval of such agreement.
Page 20 of 31
INSURANCE: All insurance must be written by an insurer licensed to conduct business in the State
of Texas,unless otherwise permitted by Owner. The Contractor shall,at his own expense,purchase,
maintain and keep in force insurance that will protect against injury and/or damages which may
arise out of or result from operations under this contract,whether the operations be by himself or by
any subcontractor or by anyone directly or indirectly employed by any of them, or by anyone for
whose acts any of them may be liable, of the following types and limits
1. Standard Worker's Compensation Insurance:
2. Commercial General Liability occurrence type insurance City of Port Arthur, its
officers, agents, and employees must be named as an additional insured):
a. Bodily injury $500,000 single limit per occurrence or$500,000 each
person/$500,000 per occurrence for contracts of$100,000 or less; or
Bodily injury $1,000,000 single limit per occurrence or$500,000 each
person/$1,000,000 per occurrence for contracts in excess of$100,000; and,
b. Property Damage $100,000 per occurrence regardless of contract amount; and,
c. Minimum aggregate policy year limit of$1,000,000 for contracts of
$100,000 or less; or,Minimum aggregate policy year limit of$2,000,000
for contracts in excess of$100,000.
3. Commercial Automobile Liability Insurance (Including owned, non-owned and
hired vehicles coverage's).
a. Minimum combined single limit of$500.000 per occurrence, for bodily
injury and property damage.
b. If individual limits are provided, minimum limits are $300,000 per person,
$500,000 per occurrence for bodily injury and$100,000 per occurrence for property
damage.
Contractor shall cause Contractor's insurance company or insurance agent to fill in all information
required (including names of insurance agency, contractor and insurance companies, and policy
numbers, effective dates and expiration dates) and to date and sign and do all other things necessary
to complete and make into valid certificates of insurance and pertaining to the above listed items,
and before commencing any of the work and within the time otherwise specified, Contractor shall
file completed certificates of insurance with the Owner.
None of the provisions in said certificate of insurance should be altered or modified in any respect
except as herein expressly authorized. Said CERTIFICATE OF INSURANCE Form should contain
a provision that coverage afforded under the policies will not be altered,modified or canceled unless
at least fifteen (15) days prior written notice has been given to the City of Port Arthur. Contractor
shall also file with the City of Port Arthur valid CERTIFICATE OF INSURANCE on like form
from or for all Subcontractors and showing the Subcontractor (s) as the Insured. Said completed
CERTIFICATE OF INSURANCE Form (s) shall in any event be filed with the City of Port Arthur
not more than ten (10) days after execution of this Contract.
Page 21 of 31
NOTICE TO PROCEED: Notice to Proceed shall be issued within ten (10)days of the execution
of the Contract by OWNER. Should there be any reasons why Notice to Proceed cannot be issued
within such period, the time may be extended by mutual agreement between OWNER and
CONTRACTOR.
CELL PHONE OR PAGER: The Contractor must have a working cell phone or pager available
Monday through Friday from 8:00 a.m. to 5:00 p.m. so that the City will be able to contact the
contractor.
Page 22 of 31
APPENDICES
Please include Appendix A—D when submitting proposal documents.
Page 23 of 31
APPENDIX A
INVITATION TO BID
CITY OF PORT ARTHUR.TEXAS
BID SHEET
BID FOR: PURCHASE AND DEVELOPMENT OF 35.24 ACRES
OF LAND LOCATED ON PLEASURE ISLAND
BID DUE DATE: OCTOBER 26,2022
DESCRIPTION TOTAL PURCHASE PRICE
PURCHASE AND DEVELOPMENT OF 35.24 ACRES
OF LAND LOCATED ON PLEASURE ISLAND $
COMPANY NAME STREET ADDRESS
SIGNATURE OF BIDDER P.O. BOX
PRINT OR TYPE NAME CITY STATE ZIP
TITLE AREA CODE TELEPHONE NO
EMAIL FAX NO.
Page 24 of 31
APPENDIX B
LETTER OF INTEREST
RFP — Purchase & Development of 35.24 Acres of Land on Pleasure Island
Deadline: October 26, 2022
The undersigned firm submits the following information (this RFP submittal) in response to the
Request for Proposals (as amended by any Addenda), issued by the City of Port Arthur, TX (City)
for PURCHASE AND DEVELOPMENT OF 35.24 ACRES OF LAND LOCATED ON
PLEASURE ISLAND Enclosed, and by this reference incorporated herein and made a part of this
RFP, are the following:
❖ Bid Sheet
•: Completed RFP Letter of Interest Form
• Completed Affidavit
• Completed Conflict of Interest Form
:• Non Collusion Affidavit
• SB 252
• House Bill 89
Firm understands that the City is not bound to select any firm for the final pre-qualified list and may
reject any responses submitted.
Firm also understands that all costs and expenses incurred by it in preparing this RFP and
participating in this process will be borne solely by the firm, and that the required materials to be
submitted will become the property of the City and will not be returned.
Firm agrees that the City will not be responsible for any errors, omissions, inaccuracies, or
incomplete statements in this RFP. Firm accepts all terms of the RFP submittal process by signing
this letter of interest and making the RFP submittal.
This RFP shall be governed by and construed in all respects according to the laws of the State of
Texas.
Firm Name Date
Authorized Signature Title
Name (please print) Telephone
Email
Page 25 of 31
APPENDIX C
AFFIDAVIT
All pages in Offeror's Responses containing statements, letters, etc., shall be signed by a duly
authorized officer of the company whose signature is binding.
The undersigned offers and agrees to one of the following:
I hereby certify that I do not have outstanding debts with the City of Port Arthur. I further
agree to pay succeeding debts as they become due.
I hereby certify that I do have outstanding debts with the City of Port Arthur and agree to
pay said debts prior to execution of this agreement. I further agree to pay succeeding debts as they
become due.
I hereby certify that I do have outstanding debts with the City of Port Arthur and agree to
enter into an agreement for the payment of said debts. I further agree to pay succeeding debts as
they become due.
Firm Name Date
Authorized Signature Title
Name (please print) Telephone
Email
STATE:
COUNTY:
SUBSCRIBED AND SWORN to before me by the above named
on this the day of . 20 _
Notary Public
RETURN THIS AFFIDAVIT AS PART OF THE BID PROPOSAL
Page 26 of 31
APPENDIX D
CONFLICT OF INTEREST QUESTIONNAIRE FORM CIQ
For vendor doing business with local governmental entity
This questionnaire reflects changes made to the law by H.B.23,84th Leg.,Regular Session. OFFICE USE ONLY
This questionnaire is being filed in accordance with Chapter 176.Local Government Code,by a vendor who Date Received
has a business relationship as defined by Section 176.001(1-a)with a local governmental entity and the
vendor meets requirements under Section 176.006(a).
By law this questionnaire must be filed with the records administrator of the local governmental entity not later
than the 7th business day after the date the vendor becomes awae of facts that require the statement to be
filed. See Section 176.006(a-1).Local Government Code.
A vendor commits an offense if the vendor knowingly violates Section 176.006.Local Government Code.An
offense under this section is a misdemeanor.
J Name of vendor who has a business relationship with local governmental entity.
LI ❑ Check this box if you are filing an update to a previously filed questionnaire.(The law requires that you file an updated
completed questionnaire with the appropriate filing authority not later than the 7th business day after the date on which
you became aware that the originally filed questionnaire was incomplete or inaccurate)
J Name of local government officer about whom the information is being disclosed.
Name of Officer
J Describe each employment or other business relationship with the local government officer,or a family member of the
officer,as described by Section 176.003(a)(2)(A). Also describe any family relationship with the local government officer.
Complete subparts A and B for each employment or business relationship described. Attach additional pages to this Form
CIQ as necessary.
A. Is the local government officer or a family member of the officer receiving or likely to receive taxable income.
other than investment income.from the vendor?
1-1 Yes n No
B Is the vendor receiving or likely to receive taxable income.other than investment income.from or at the direction
of the local government officer or a family member of the officer AND the taxable income is not received from the
local governmental entity?
El Yes El No
Describe each employment or business relationship that the vendor named in Section 1 maintains with a corporation or
other business entity with respect to which the local government officer serves as an officer or director,or holds an
ownership interest of one percent or more.
Check this box if the vendor has given the local government officer or a family member of the officer one or more gifts
1 f as described in Section 176.003(a)(2)(B). excluding gifts described in Section 176.003(a-1).
J
Signature of vendor doing business with the governmental entity Date
Form provided by Texas Ethics Commission www.ethics state.tx us Revised 1t.'30.'2015
Page 27 of 31
CONFLICT OF INTEREST QUESTIONNAIRE
For vendor doing business with local governmental entity
Acomplete copy of Chapter 176 of the Local Government Code may be found at http:I/www.statutes.legis.state.tx.usI
Docs/LG/htm/LG.176.htm.For easy reference,below are some of the sections cited on this form.
Local Government Code 0176.001(1-a):"Business relationship"means a connection between two or more parties
based on commercial activity of one of the parties, The term does not include a connection based on:
(A) a transaction that is subject to rate or fee regulation by a federal,state,or local governmental entity or an
agency of a federal,state,or local governmental entity;
(B) a transaction conducted at a price and subject to terms available to the public;or
(C) a purchase or lease of goods or services from a person that is chartered by a state or federal agency and
that is subject to regular examination by,and reporting to,that agency.
Local Government Code(?176.003(a)(2XA)and(B):
(a) A local government officer shall file a conflicts disclosure statement with respect to a vendor if:
(2) the vendor:
(A) has an employment or other business relationship with the local government officer or a
family member of the officer that results in the officer or family member receiving taxable
income, other than investment income. that exceeds$2,500 during the 12-month period
preceding the date that the officer becomes aware that
(i) a contract between the local governmental entity and vendor has been executed:
or
(ii) the local governmental entity is considering entering into a contract with the
vendor:
(B) has given to the local government officer or a family member of the officer one or more gifts
that have an aggregate value of more than$100 in the 12-month period preceding the date the
officer becomes aware that:
(i) a contract between the local governmental entity and vendor has been executed:or
(ii) the local governmental entity is considering entering into a contract with the vendor.
Local Government Code 6176.006(a)and(a-1)
la) A vendor shall file a completed conflict of interest questionnaire if the vendor has a business relationship
with a local governmental entity and:
(1) has an employment or other business relationship with a local government officer of that local
governmental entity.or a family member of the officer,described by Section 176.003(a)(2)(A);
(2) has given a local government officer of that local governmental entity,or a family member of the
officer,one or more gifts with the aggregate value specified by Section 176.003(a)(2)(B),excluding any
gift described by Section 176.003(a-1):or
(3) has a family relationship with a local government officer of that local governmental entity.
(a-1) The completed conflict of interest questionnaire must be filed with the appropriate records administrator
not later than the seventh business day after the later of:
(1) the date that the vendor:
(A) begins discussions or negotiations to enter into a contract with the local governmental
entity;or
(B) submits to the local governmental entity an application,response to a request for proposals
or bids,correspondence, or another writing related to a potential contract with the local
governmental entity;or
(2) the date the vendor becomes aware:
(A) of an employment or other business relationship with a local government officer,or a
family member of the officer,described by Subsection(a);
(B) that the vendor has given one or more gifts described by Subsection(a);or
(C) of a family relationship with a local government officer.
Form provided by Texas Ethics Commission www ethics.state tx.us Revised 11.:30,2015
Page 28 of 31
APPENDIX E
NON-COLLUSION AFFIDAVIT
CITY OF PORT ARTHUR §
§
STATE OF TEXAS §
By the signature below, the signatory for the bidder certifies that neither he nor the firm,
corporation, partnership or institution represented by the signatory or anyone acting for the
firm bidding this project has violated the antitrust laws of this State, codified at Section
15.01, et seq., Texas Business and Commerce Code, or the Federal antitrust laws, nor
communicated directly or indirectly the bid made to any competitor or any other person
engaged in the same line of business, nor has the signatory or anyone acting for the firm,
corporation or institution submitting a bid committed any other act of collusion related to
the development and submission of this bid proposal.
Signature:
Printed Name:
Title:
Company:
Date:
SUBSCRIBED and sworn to before me the undersigned authority by the of,
on behalf of said bidder.
Notary Public in and for the
State of Texas
My commission expires:
Page 29 of 31
APPENDIX F
SB 252
CHAPTER 2252 CERTIFICATION
I the undersigned an representative
of
(Company or Business Name)
being an adult over the age of eighteen (18) years of age, pursuant to Texas Government Code,
Chapter 2252,Section 2252.152 and Section 2252.153,certify that the company named above is not
listed on the website of the Comptroller of the State of Texas concerning the listing of companies
that are identified under Section 806.051,Section 807.051 or Section 2253.153. I further certify that
should the above-named company enter into a contract that is on said listing of companies on the
website of the Comptroller of the State of Texas which do business with Iran,Sudan or any Foreign
Terrorist Organization,I will immediately notify the City of Port Arthur Purchasing Department.
Name of Company Representative (Print)
Signature of Company Representative
Date
Page 30 of 31
APPENDIX G
House Bill 89 Verification
(Person name), the undersigned
representative (hereafter referred to as "Representative") of
(company or business name, hereafter referred to
as"Business Entity"), being an adult over the age of eighteen (18)years of age, after being
duly sworn by the undersigned notary, do hereby depose and affirm the following:
1. That Representative is authorized to execute this verification on behalf of Business
Entity;
2. That Business Entity does not boycott Israel and will not boycott Israel during the
term of any contract that will be entered into between Business Entity and the City of Port
Arthur; and
3. That Representative understands that the term "boycott Israel" is defined by Texas
Government Code Section 2270.001 to mean refusing to deal with, terminating business
activities with, or otherwise taking any action that is intended to penalize, inflict economic
harm on, or limit commercial relations specifically with Israel, or with a person or entity
doing business in Israel or in an Israeli-controlled territory, but does not include an action
made for ordinary business purposes.
SIGNATURE OF REPRESENTATIVE
SUBSCRIBED AND SWORN TO BEFORE ME, the undersigned authority, on this
day of , 20
Notary Public
Page 31 of 31
EXHIBIT 4
Tax Abatement Agreement Report
Property Owner's Name
Date of this Report
Report Period(semi-annual period
covered by this Report) From /20_To / /20_
Property Nested
Owner Contractors
(A) Total number of employees employed on the last day of the Report Period
who were Port Arthur residents on the last day of the Report Period
(B) Total number of all employees employed on the last day of the Report Period
(C) Total number of new hires employed during the Report Period who were Port
Arthur residents on their first day of employment
(D) Total number of all new hires employed during the Report Period
(E) Total number of applicants completing the interview process during the
Report Period
(A) Total number of Designated LBE's that:
• were on the approved vendor list of the Property Owner at any time
during the Report Period,and/or
• were invited by the Property Owner during the Report Period to bid on
contracts for goods and/or services
(B) Total number and dollar amount of contracts awarded by the Property Owner
during the Report Period for goods and/or services that the Property Owner
determines could have potentially been obtained from Designated LBE's:
Total Number of Contracts:
Total Dollar Amount of Contracts: $
(C) Total number and dollar amount of contracts described immediately(above in
II (B)that were awarded to Designated LBE's during the Reporting Period:
Total Number of Contracts:
Total Dollar Amount of Contracts: $
This Report contains confidential or privileged information. Unauthorized use of this communication is strictly
prohibited.This Report is to be submitted to the Office of the City Manager and copied to the City Attorney during
the months of January and July for the immediately preceding 6 months.The due date(January 31st or July 315t)for
submitting a Report may be extended for 30 calendar days upon written request of the Property Owner.
Tax Abatement Agreement 5/13/2026 12:30 PM-DRAFT 13