HomeMy WebLinkAboutPR 18352: IDA WITH BASF P. R. No. 18352
07/16/2014 vt
RESOLUTION NO.
A RESOLUTION AUTHORIZING THE CITY MANAGER TO
EXECUTE AN INDUSTRIAL DISTRICT AGREEMENT WITH
BASF CORPORATION EXCLUSIVELY FOR THE EXPANSION
OF ITS EXISTING FACILITY FOR THE CONSTRUCTION
OF A NEW PROJECT.
WHEREAS, pursuant to Resolution No. 13-620, the City of Port
Arthur entered into an Industrial District Agreement with BASF
Corporation, for a three year period; and
WHEREAS, said agreement will expire on December 31, 2016; and
WHEREAS, BASF Corporation has informed the City that it wishes
to expand its facility for the construction of a new project and
would like to enter into a separate Industrial District Agreement
solely for that purpose; and
WHEREAS, based upon the size of the new project, the City has
deemed it appropriate to enter into a seven year agreement with
BASF Corporation effective January 1, 2015 and expiring December
31, 2021; and
WHEREAS, pursuant to Sections 42 . 044 and 212 . 172 of the Texas
Local Government Code, and Article 1, Sections 5 and 6, of the
City' s Charter, the City Council of the City of Port Arthur deems
it in the best interests of the citizens of Port Arthur to enter
into an Industrial District Agreement with BASF Corporation
exclusively for the expansion of its existing facility.
s.pr18352_BASF (Old Sandoz) .expansion agreement
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 hereby authorizes the
City Manager to execute an Industrial District Agreement with BASF
Corporation exclusively for the expansion of its existing facility
for the construction of a new project, in substantially the same
form as attached hereto as Exhibit "A".
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. , 2014, at a Meeting of the City Council of the City of Port
Arthur, by the following vote: AYES:
Mayor:
Councilmembers :
NOES:
MAYOR
ATTEST:
CITY SECRETARY
s.pr18352_BASF (Old Sandoz) .expansion agreement
APPROVED AS TO FORM:
CITY ATT ' NEY
APPROVED FOR ADMINISTRATION:
CITY MANAGER
s.pr18352_BASF (Old Sandoz) .expansion agreement
Exhibit "A"
will be presented at or before
the Council Meeting
s.pr18352_BASF (Old Sandoz) .expansion agreement