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HomeMy WebLinkAboutPR 12955:AGREEMENT W/PAT TANKinteroffice MEMORANDUM To: Mayor, City Council, City Manager ~- From: Mark T. Sokolow, City Attorney ~ Date: December 10, 2004 Subject: P. R. No. 12955; EDC/City Joint Meeting December 14, 2004 Attached is P. R. No. 12-955 as it pertains to approving a plan as to processing an Economic Incentive Agreement between the EDC and Pat Tank. The plan will be discussed at the meeting. MTS/bp Attachment z.pr12955 .memo P. R. NO. 12955 12/09/0& b~ RESOLUTION NO. A RESOLUTION AS IT PERTAINS TO APPROVING AN ECONOMIC INCE~TIVE AGREEMENT BETWEEN THE CITY OF PORT ARTHUR SECTION 4A ECONOMIC DEVELOPMENT CORPORATION AND PAT TANK WHEREAS, the City of Port Arthur Section 4A Economic Development Corporation is considering a $300,000 incentive to Pat Tank. NOW THEREFOI~E, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PORT ARTHUR~ Section 1. That the facts and opinions in the preamble are true and correct. Section 2. That the City Council herein approves the following incentive process be made as to Pat Tank: Section 3. That a copy of this caption be spread upon the Minutes of the City Council. READ, ADOPTED AND APPROVED on this __ day of A.D., 2004, at a Regular Meeting of the City Council of the City of Port Arthur, Texas, by the following vote: AYES: Mayor ' Council Members ' NOES: z.pr12955 MAYOR ATTEST: CITY SECRETARY APPROVED AS TO FORM: CITY ATTOP=NEY APPROVED FOR ADMINISTRATION: CITY MANAGER APPROVED BY THE CITY OF PORT ARTHUR SECTION 4A ECONOMIC DEVELOPMENT CORPORATION: ~--~JC EXECUT IV~I~RECTOR z.pr12955