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MEMORANDUM
To: Mayor, City Council & City Manager
From: Mark T. Sokolow, City Attorney ~
Subject: P. R. No. 12997
Date: January 13, 2005
Attached is P. R. No. 12997 rescinding Resolution No. 04-428
as it pertains to an economic incentive agreement between the City
of Port Arthur Section 4A Economic DevelopmenE CorporaEion and 3D
Architecuural Metal Sales. Inc.
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AttacbJ~ent
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RESOLUTION NO.
P. R. NO. 12997
01/13/05 tS
A RESOLUTION RESCINDING I~ESOLUTION NO. 04-428
AS IT PERTAINS TO AN ECONOMIC INCENTIVE
AGREEMENT BETWEEN THE CITY OF PORT ARTHUR
SECTION 4A ECONOMIC DEVELOPMENT CORPORATION
AND 3D ARCHITECTURAL METAL SALES, INC.
WHEREAS, 3D Architectural Metal Sales, Inc desires to withdraw
their request for a grant of $112,000 and a'loan of $103,000 to
construct a manufacturing facility as to produce light gauge steel
products as denoted in Exhibit -A";.and
WHEREAS, this incentive agreement
Resolution No. 04-428.
NOW THEREFORE,
OF PORT ARTHUR~
Section 1.
true and correct.
Section 2.
rescinded.
Section 3.
Minutes of the City Council.
READ, ADOPTED AND APPROVED on this
Council of
AYES: Mayor
Council Members
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had been approved by
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
That the facts and opinions in the preamble are
That Resolution No. 04-428 is herein
That a copy of the caption be spread upon the
day of
, A.D., 2005, at a Regular Meeting of the City
the City of Port Arthur, Texas, by the following vote:
NOES'
ATTEST:
MAYOR
CITY SECRETARY
APPROVED AS TO FORM:
CITY ATTORi~EY
APPROVED FOR ADMINISTRATION=
CITY MANAGER
APPROVED By CITY 0F ~0RT ARTHUR SECTION 4A
ECONOMIC DEVELOPMENT/CORPORATION7
~CTO~ ~ ~
7
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EXHIBIT "A"
3 'D' Architectural Metal Sales, Inc.
101 W. Hwy 365
Port Atchur, TX 77640
(409) 736-3999
January 4, 2005
Mr. Mark Sokolow
Port Arthur City Administration
P.O. Box 1089
Port Arthur, TX 77641-1089
Re: Grant
Dear Mr. Sokolow;
I wish to thank all of you for the time that was spent on the loan and
grant for 3 'D' Architectural Metal Sales, Inc.
However, with regret, I must withdraw the loan and grant due to matters
beyond my control.
Again, I thank all of you for your rune.
Sincerely,
Jeanette Daley, President