HomeMy WebLinkAboutPR 11763: PRO METAL REV. LOANINTER
OFFICE
MEMO
To: Mayor, City Council & City Manager
From: Mark T. Sokolow, City Attorney
Subject: P. R. No. 11763 Council Meeting April 30, 2002
Date: April 26, 2002
Attached is P.R. No. 11763 authorizing the City
Manager and the City Attorney to enter into a settlement
of the arrearage as it pertains to the Pro Metal
Revolving Loan. This will be discussed in Executive
Session, wherein I will distribute Exhibit "A".
MTS/ts
Attachment
z .pr11763 .memo
P. R. No. 11763
04/24/02 ts
RESOLUTION NO.
A RESOLUTION AUTHORIZING THE CITY MANAGER
AND THE CITY ATTORNEY TO ENTER INTO A
SETTLEMENT OF THE ARREARAGE AS IT PERTAINS
TO THE PRO METAL REVOLVING LOAN
WHEREAS, the City Council deems it in the best interest
of the citizens of the City of Port Arthur to authorize the
City Manager and the City Attorney to enter into a settlement
of the arrearage as it pertains to the Pro Metal Revolving
Loan.
NOW THEREFORE,
BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF PORT ARTHUR,
Section 1. That
are true and correct.
Section 2. That
TEXAS:
the facts and opinions in the preamble
the City Manager and the City Attorney
are authorized to enter into a settlement of
it pertains to the Pro Metal Revolving Loan,
Exhibit "A".
the arrearage as
as described in
Resolution be
That a copy of
spread upon the Minutes
Section 3. the caption of this
of the City Council.
READ, ADOPTED AND APPROVED on this __ day of
, A.D., 2002, at a Regular Meeting of the City
Council of the City of Port Arthur, Texas, by the following
vote: AYES: Mayor
Councilmembers
;
NOES:
ATTEST:
MAYOR
ACTING CITY SECRETARY
APPROVED AS TO FORM:
CITY ATTORNEY
APPROVED FOR ADMINISTRATION:
CITY MANAGER
z.pr11763