HomeMy WebLinkAboutPR 16643: AGREEMENT BETWEEN EDC AND CITY OF PA PERTAINING TO ADMINISTRATIVE CHARGES FOR FISCAL YEAR OCTOBER 1, 2011 THROUGH SEPTEMBER 30, 2012 Memorandum
City of Port Arthur, Texas
To: Steve Fitzgibbons, City Manager
From: Rebecca Underhill, Assistant City Mana : ini ation
Date: September 21, 2011
Subject: PR 16643
Presented for City Council consideration and approval is PR16643 authorizing an agreement with the
PAEDC. This agreement provides for fiscal year 2011 -2012 administrative reimbursement to the City at
4% of PAEDC sales tax revenue. This is estimated to be $168,000.
P.R. No. 16643
Ask 09/21/11
RESOLUTION NO.
A RESOLUTION AUTHORIZING THE EXECUTION OF AN
AGREEMENT BETWEEN THE CITY OF PORT ARTHUR SECTION 4A
ECONOMIC DEVELOPMENT CORPORATION AND THE CITY OF
PORT ARTHUR AS IT PERTAINS TO ADMINISTRATIVE CHARGES
FOR THE FISCAL YEAR OCTOBER 1, 2011 THROUGH SEPTEMBER
30, 2012
WHEREAS, the City provides administrative support to the Port
Arthur Section 4A Economic Development Corporation; and
WHEREAS, the PAEDC has provided funds in the amount of $168,000
in the proposed budget for 2011 -2012 for administrative charges.
NOW, THEREFORE, 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
agreement in substantially the same form as attached hereto as
Exhibit "A ".
Section 3. That a copy of the caption of the Resolution be
spread upon the Minutes of the City Council.
READ, ADOPTED AND APPROVED on this day of October, 2011,
at a Regular Meeting of the City Council of the City of Port Arthur,
Texas by the following vote: AYES:
Mayor
City Council
NOES:
Deloris Prince - MAYOR
ATTEST:
Sherri Bellard - ACTING CITY SECRETARY
APPROVED AS TO • :
Val Tizen. C Y AT'O'NEY
APPROVED FOR ADMINISTRATION:
S Fitzgibbons - CITY MANAGER
/
V i AOP
'ebecca Underhill- Assistant City Manager /Administration
Floyd Batiste, CEO PAEDC
S:finance /resolutions /EDC Admin Charges
EXHIBIT "
Iii
STATE OF TEXAS §
§
COUNTY OF JEFFERSON §
AGREEMENT
The City of Port Arthur and the City of Port Arthur Section 4A
Economic Development Corporation herein agree as to the following:
I.
The City and the City of Port Arthur Section 4A Economic
Development Corporation herein agree that for administrative charges
and services for the fiscal year from October 1, 2011 to September
30, 2012, the City of Port Arthur Section 4A Economic Development
Corporation shall pay to the City four percent of sales tax revenue
received, estimated to be $168,000. Said funds shall reimburse the
City for such administrative, legal, and staff support that the City
shall provide in facilitating EDC projects during this fiscal year.
Said $168,000 shall be paid by the City of Port Arthur Section 4A
Economic Development Corporation to the City of Port Arthur beginning
the month of October, 2011, and thereafter through September 2012 as
the sales tax moneys are received from the Comptroller.
II. CITY ASSISTANCE
(a) The City will also continue to assist the EDC in its
litigation. Nevertheless, the time and costs of the City Attorney
will be requested to be reimbursed by the other litigants, if it is
feasible.
(b) The EDC staff can call on and have reasonable access to
city departments to address issues respecting projects for their
comments.
(c) The EDC staff shall have access to non - confidential city
records as to facilitate the EDC projects.
III.
The City and the EDC herein agree that the EDC shall also pay
the City its proportionate share of the audit fees that can be
allocated to the EDC.
SIGNED AND AGREED to on this the day of
, 2011.
CITY OF PORT ARTHUR
BY:
City Manager
SIGNED AND AGREED to on this the day of
, 2011.
CITY OF PORT ARTHUR SECTION 4A
ECONOMIC DEVELOPMENT CORPORATION
BY:
President
BY:
Secretary
Rebecca Underhill
From: Carmelia Staley [cstaley @paedc.org]
Sent: Thursday, August 18, 2011 12:09 PM
To: 'Rebecca Underhill'
Subject: RE: City Administrative Payment for FY 2012
We budgeted $84,000 (4,200,000 *2 %). Can you please do the resolution? Thanks so much.
From: Floyd Batiste f mailto:fbatisteOpaedc.oral
Sent: Thursday, August 18, 2011 12:04 PM
To: 'Carmelia Staley'
Subject: FW: City Administrative Payment for FY 2012
From: Rebecca Underhill [mailto:rebeccaCaportarthur.net]
Sent: Thursday, August 18, 2011 11:36 AM
To: Floyd Batiste
Subject: City Administrative Payment for FY 2012
What did the EDC propose in their budget for the admin charge for fiscal 2012?
Are you going to do the resolution? Or do you want me to?
Becky
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