HomeMy WebLinkAboutPR 17644: EDC FUNDING FOR RENOVATION Interoffice
MEMORANDUM
To: Mayor, City Council, Acting City Manager
From: Floyd Batiste, CEO 6 o.. t PtPti
Date: April 8, 2013
Subject: P. R. No. 17644; Council Meeting on April 16, 2013
A RESOLUTION AUTHORIZING THE CITY OF PORT
ARTHUR SECTION 4A ECONOMIC DEVELOPMENT
CORPORATION TO FINANCE THE RENOVATION OF
THE BUILDING LOCATED AT 501 PROCTOR STREET IN
DOWNTOWN PORT ARTHUR
PR NO. 17644
4/4/13 CS
RESOLUTION NO.
A RESOLUTION AUTHORIZING THE CITY OF PORT
ARTHUR SECTION 4A ECONOMIC DEVELOPMENT
CORPORATION TO UTILIZE ADDITIONAL FUNDING IN
THE AMOUNT OF $600,000 FOR THE RENOVATION 501
PROCTER STREET IN DOWNTOWN PORT ARTHUR
WHEREAS, the City of Port Arthur Section 4A Economic Development Corporation
(the "PAEDC ") previously obtained authorization for the renovation of the building that it owns
at 501 Procter Street in Port Arthur, Texas; and
WHEREAS, per Resolutions 10 -092 and 10 -271, the City of Port Arthur authorized
funding for professional services for the feasibility and design for the renovations including
contracting the services of Vincent Hauser, Architect, to conduct the feasibility and design study
of the building located at 501 Procter Street; and
WHEREAS, per Resolution 12 -614, the City Council authorized PAEDC to move
forward with the retrofitting of the property located at 501 Procter with the proposed rehab time-
line for the development of the project and at the proposed cost options. PAEDC was further
authorized to proceed with the procurement process for the following projects of which the costs
shall not exceed $500,000:
a. Asbestos abatement;
b. Preliminary demolition; and
c. Architectural and engineering services.
WHEREAS, at its regular Board meeting on April 1, 2013, PAEDC Board of Directors
approved spending $600,000 for additional services needed, due to previous estimates not
including the abatement of the basement and roof repairs, with a total approved amount of
$1,100,000.
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. That the City Council authorizes PAEDC to spend additional funds of up
to $600,000 to complete the existing project and for additional services, increasing the total
authorization to $1,100,000.
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., 2013,
at a Meeting of the City Council of the City of Port Arthur, Texas, by the following vote:
AYES:
Mayor:
Councilmembers:
NOES: •
Deloris "Bobbie" Prince, Mayor
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ATTEST:
Sherri Bellard, City Secretary
APPROVED:
Floyd Batiste, PAEDC CEO
APPR • ' P AS TO FORM:
S e C' C dam►
Guy N. Goodson, PAEDC Attorney
APPROVED AS TO FORM:
1 �.//
Valecia R. Tizeno, City( ttorney
APPROVED AS TO AVAILABILITY OF FUNDS:
• / .'/
eborah Echols, Director of Finance
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