HomeMy WebLinkAboutPR 14373:TRIANGEL WASTEP. R. No. 14373
09/21/07 ts
RESOLUTION NO.
A RESOLUTION AS IT PERTAINS TO A SUBOPd)INATION
AGREEMENT WITH TRIANGLE WASTE
WHEREAS, on September 19, 2007, the EDC Board of Directors
approved a Subordination Agreement as it pertains to its lien with
Triangle Waste in a standard form to be approved by the City
Attorney and if that could not be provided, personal guaranties
would need to be provided.
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
PORT ARTHUR, TEXAS:
Section 1.
true and correct.
Section 2.
That the facts and opinions in the preamble are
That the City Council approves the
it pertains to Triangle
attached hereto as
subordination agreement or agreements as
Waste, in substantially the same form as
Exhibit
Section 3. That a copy of the caption of this Resolution
be spread upon the Minutes of the City Council.
READ, ADOPTED ~ APPROVED on this day of
, A.D., 2007, at a Meeting of the City Council of
Port Arthur, Texas, by the following vote: AYES:
the City of
Mayor
Counc i lmembers
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NOES:
ATTEST:
MAYOR
CITY SECRETARY
APPROVED AS TO FORM:
SEE CONFIDENTIAL MEMO
CITY ATTORNEY
APPROVED FOR ADMINISTIIATION:
CITY MANAGER
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EXHIBIT "A"
will be forthcoming