HomeMy WebLinkAboutPR 16015: SABINE HOTELinteroffice
MEMORANDUM
To: Mayor, City Council, anal City Manager W-`
From:: Valecia R. Tizeno, City Attorney
Date,: July 23, 2010
SubjE~ct: P. R. No. 16015; Council Meeting July 27, 2010
Attached is P. R. No. 16015 authorizing the execution of a
twenty-four (24) month option contract with Digital Workforce
AcadE~my for the purchase of the Sabine Hotel.
VR.T : cit.
Attachment
s.prl6(1I5 memo
P. R. No. 16015
07/23/2010 vrt
RESOLUTION NO.
A RESOLUTION AUTHORIZING THE EXECUTION
OF A TWENTY-FOUR (24) ]MONTH OPTION
CONTRACT WITH DIGITAL WORKFORCE
ACADEMY FOR THE PURCHASE OF THE
SABINE HOTEL.
WHEREAS, the City of Port Arthur requested proposals for the
redevelopment of the Sabine Hotel in an effort to revitalize the downtown district
of :Pore Arthur; and
WHEREAS, one proposal was received from Digital Workforce Academy
(a copy of the offer is attached hereto as Exhibit "A"); and
WHEREAS, Digital Workforce has requested that the City provide it with
the option to purchase the Sabine Hotel at a price of $10,000; and
WHEREAS, Digital Workforce has :proposed that the City grant it an option
period ctif 24 months for an option fee of $1,000 to be applied to the purchase price of
$10.,000 at the time of closing; and
WHEREAS, it is deemed in the beset interest of the citizens of Port Arthur to
author°ize 1~he City Manager to execute an option contract for a period of 24 months
with L)igital Workforce Academy.
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. The City Manager is authorized to execute an option contract for
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a twenty-four (24) month period with Digital Workforce Academy in substantially
the same form as Exhibit "B".
.Section 3. That a copy of the caption of this Resolution be spread upon the
Minutes of the City Council.
:READ, ADOPTED AND APPROVED on this day of
A.D., 2'010, at a Meeting of the City Council. of the City of Port Arthur, Texas, by the
following vote: AYES: Mayor
Counci.lmeinbers
.- ,
NOES:
MAYOR
ATTEST:
CITY ;SECRETARY
2.'.607
APPROVED AS TO FORM:
~~ r
CITY AT RNEY ~ ' ~ ~`~ ~~
APPROVED FOR ADMINISTRATION:
CITY P/IANAGER
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Exh i b i't "A"
The Sabine Hotel Redevelopment Proposal ~ 2~1(~
VI. THE OFFER
The Sabine Hotel is an older structure existing since the late 1800's but vacant since the early
1980's. This means there are many inevitable unknowns with the revitalization of this property.
The ur~iquer~ess of our team is our ability to take the unknown and develop it into a renaissance
location. In order to reach this goal the Digital Workforce makes a commitment to conduct an
in-depth analysis of all possibilities and bring forth a product that the City of Port Arthur can be
proud of. Eased on an option agreement The Digital Workforce Academy will take ownership
of the property as .an option when all determining factors have been considered. This option
period will last up to 24 months with measurable deliverables (see Section V. for timeline). The
execution of the option to purchase the property will be completed within the first 18 months
of the engagement.
In corisiderati~~ri of~ determining the true potential of the property, designing an exemplary
approach to revitalization, and assessing the true cost: of our conceptual design The Digital
WorkforcE~ Offer for this property is as follows:
1. ,4n option fee of $1,000 to be applied to the purchase price of $10,000 at the
time of closing.
A percentage of the sales price will used for the securing and updating
necessary infrastructure to accommodate the redevelopment of property
3. A percentage of the sales price will b~e used for the marketing of the Sabine
Hotel and the marketing of future downtown Port Arthur
4. An option for cone-time renewal of this program allowing for a six to eight
month extension if necessary..
5. 'fhe Digital Workforce Academy vrill cultivate partnerships with other
agencies and organizations to facilitate the revitalization
7
Exhibit "6"
will be presented at t:he Council Meeting