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HomeMy WebLinkAbout(03) 13128: SETX COMMUNITY DVLPINTER ,,,,, MEMO To: Mayor, City Council & City Manager ~ · From: Mark T. Sokolow, City Attorney ! ~-~w~ ~ Subject: P. R. No. 13128 Council, Meeting May 24, 2005 Date: May 18, 2005 Attached is P.R. No. 13128 as it pertains to a settlement between Southeast Texas Community Development, Inc., Reginald Singleton, Mary Singleton, and the City of Port Arthur Section 4a Economic Development Corporation. The City of Port Arthur Section 4A Economic Development Corporation agreed to pay back taxes in the approximate amount of $2,000 to facilitate the closing and transfer of title to 743 Procter Street to the City of Port Arthur Section 4A Economic Development Corporation. MTS:ts Attachment cc: VIA FACSIMILE (409) 835-2115 Guy Goodson OERMER OERTZ, L.L.P. 550 Fannin Street, Suite 700 Beaumont, TX 77701 z .prl3128 ,memo P. R. No. 13128 05/18/05 - RESOLUTION NO. A RESOLUTION AS IT PERTAINS TO A SETTLEMENT BETWEEN SOUTHEAST TEXAS COMMUNITY DEVELOPMENT, INC., REGINALD SINGLETON, MARY SINGLETON, AND THE CITY OF PORT ARTHUR SECTION 4A ECONOMIC DEVELOPMENT CORPORATION WHEREAS, the City Council approved a settlement as described in Exhibit ~A" between Southeast Texas Community Development, Inc., Reginald Singleton, Mary Singleton, and the City of Port Arthur Section 4A Economic Development Corporation per Resolution No. 05- 109; and, WHEREAS, the City of Port Arthur Section 4A Economic Development Corporation is also willing to pay the back taxes of approximately S2,.000 to facilitate the settlement and transfer of title. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PORT Section 1. That the facts and opinions in the preamble are true and correct. Section 2. That the City Council approves the payment of back taxes d~d closing costs by the City of Port Arthur Section 4A Economic Development Corporation as to facilitate the settlement and transfer of title to Lot 23, Block 129 (743 Procter Street). Section 3. That a copy of the caption of this Resolution be spread umon the Minutes of the City Council. READ, ADOPTED /%~TD APPROVED on this __ day of A.D., 2005, at a Regular Meeting of the City Council of the City of Port Arthur, Texas, by the following vote: AYES: Mayor Council: ; NOES: OSCAR ORTIZ, MAYOR ATTEST: EVANGELINE GREEN, CITY SECRETARY APPROVED AS TO FORM: MARK T. SOKOLOW, CITY ATTOR/qEY APPROVED FOR ADMINISTRATION: STEVE FITZGIBBONS, CITY MANAGER CITY OF PORT ARTHUR SECTION 4A ECONOMIC DEVELOPMENT CORPORATION z.pr13128 EXHIBIT "A" THE STATE OF TEXAS § COIIRTY OF JEFFERSON § SETTLEMENT AGREEMENT AND RELEASE WHEREAS, on or about April 23, 1999, Southeast Texas Community Development, Inc. received an economic incentive grant of $68,000 from the City of Port Arthur Section 4A Economic Development Corporation to hire directly or indirectly up to sixty-eight (68) employees for a kitchen incubator program over a two (2) year period; and, WHEREAS, Southeast Texas Community Development, Inc. failed to create the incubator program; and, WHEREAS, Mary Singleton, Reginald Singleton, and Southeast Texas Community Development Inc., desire to deed the property at 743 Procter Street (Lot 23, Bock 129) to the City of port Arthur Section 4A Economic Development Corporation in settlement of the above mentioned defaulted economic incentive grant; and WHEREAS, the Southeast Texas Community Development, Inc., Mary Singleton, and Reginald Singleton have deeded clear and marketable title (with all liens being released) to the building and lot at 743 Procter Street; and, NOW THEREFORE, based on the consideration of the receipt by the City of Port Arthur Section 4A Economic Development Corporation of marketable title (with all liens being released) to the building and lot at 743 Procter Street, the City of Port Arthur Section 4A Economic Development Corporation herein releases Southeast Texas Community Development, Inc., Reginald Singleton, Mary Singleton, and their officers and directors from any and all claims from the incentive agreement with Southeast Texas Community Development, Inc., dated on or about April 23, 1999 as it pertains to the kitchen incubator program. z. release_o f_liens_setxcd - inc 2 AGREED TO AND EXECUTED this day of , A.D., 2005. THE CITY OF PORT ART~u'~ SECTION 4A ECONOMIC DEVELOPMENT CORPORATION By: APPROVED AS TO FORM: Mark T. Sokolow, City Attorney ACKNOWLEDGMENT THE STATE OF TEXAS § COUNTY OF JEFFERSON § BEFORE ME, the undersigned Notary Public, on this day personally appeared , known to me to be the person whose name is subscribed to the foregoing instrument, and acknowledged to me that he executed the same as the act and deeds of the City of Port Arthur Section 4A Economic Development Corporation, for the purposes and considerations therein expressed, and in the capacities therein stated. GIVEN UNDER MY HAND AND SEAL OF OFFICE, this day of 2005. NOTARY PUBLIC IN AND FOR THE STATE OF TEXAS AGREED TO AND EXECUTED this day of , A.D., 2005. THE SOUTHEAST TEXAS COMMUNITY DEVELOPMENT, INC. By: Duly Authorized Agent ACKNOWLEDGMENT THE STATE OF TEXAS § COUNTY OF JEFFERSON § BEFORE ME, the undersigned Notary Public, on this day personally appeared , known to me to be the person whose name is subscribed to the foregoing instrument, and acknowledged to me that he executed the same as the act and deeds of Southeast Texas Community Development, Inc., for the purposes and considerations therein expressed, and in the capaclt le therein stated. GIVEN UNDER MY HAND AND SEAL OF OFFICE, this __ day of , 2005 . NOTARY PUBLIC IN AND FOR THE STATE OF TEXAS z. release_o f _liens_s etxcd- inc 4 AaREED TO AND EXECUTED this -- day of , A.D., 2005. Mary Singleton ACKNOWLEDGMENT THE STATE OF TEXAS § COUNTY OF JEFFERSON § BEFORE ME, the undersigned Notary Public, on this day personally appeared Mary Singleton, known to me to be the person whose name is subscribed to the foregoing instrument, and acknowledged to me that she executed the same as the act and deeds of Mary Singleton for the purposes and considerations therein expressed, and in the capacities therein stated. aIVEN UNDER MY HAND AND SEAL OF OFFICE, this __ day of , 2005 .... NOTARY PUBLIC IN AND FOR THE STATE OF TEXAS z.release of liens_setxcd.inc 5 AGREED TO AND EXECUTED this ~ day of , A.D., 2005. Reginald Singleton ACKNOWLEDGMENT THE STATE OF TEXAS § COUNTY OF JEFFERSON § BEFORE ME, the undersigned Notary Public, on this day personally appeared Reginald Singleton, known to me to be the person whose name is subscribed to the foregoing instrument, and acknowledged to me that he executed the same as the act and deeds of Reginald Singleton, for the purposes and considerations therein expressed, and in the capacities therein stated. GIVEN UNDER MY HAND AND SEAL OF OFFICE, this day of , 2005. NOTARY PUBLIC IN AND FOR THE STATE OF TEXAS z. release_o f_liens_setxcd, inc 6