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<br />REQUEST FOR CITY COUNCIL AGENDA ITEM <br /> <br />Agenda Date Requested: December 12, 2005 <br /> <br />Budl!et <br /> <br />Requested By: K. Powell <br /> <br />Source of Funds: N/A <br /> <br />Department: Finance <br /> <br />Account Number: <br /> <br />Report: <br /> <br />Resolution: <br /> <br />Ordinance: <br /> <br />x <br /> <br />Amount Budgeted: <br /> <br />Exhibits: <br /> <br />Ordinance 2000-IDA-18-A <br /> <br />Amount Requested: <br /> <br />Exhibits: <br /> <br />Ordinance 2000-IDA-18-B <br /> <br />Budgeted Item: YES NO <br /> <br />Exhibits <br /> <br />SUMMARY & RECOMMENDATION <br /> <br />For many years Akzo Nobel Chemicals, Inc has operated a chemical plant on 99.97 acres ofland <br />at 13000 Bay Park Road in the La Porte Industrial District. The City has had a signed Industrial <br />District Agreement with Akzo Nobel Chemicals, Inc for all of this time and has been receiving <br />annual in-lieu payments on the entire facility from Akzo. <br /> <br />Akzo Nobel Chemicals, Inc sold 53.409 acres ofthis land to Albemarle Catalyst and company <br />representatives have requested that acreage from the plant site to be set up and carried on a <br />separate contract 2000-IDA-18-B. The remaining 46.591 acres will be carried on 2000-IDA-18- <br />A under the name of Akzo Nobel Polymer Chemicals, LLC. <br /> <br />Action Required bv Council: <br /> <br />Approve Ordinance 2000-IDA-18-A: Akzo Nobel Polymer Chemicals, LLC Industrial District <br />Agreement. <br /> <br />Approve Ordinance 2000-IDA-18-B: Albemarle Catalyst Co., LP Industrial District Agreement <br /> <br />Approved for City Council Aeenda <br /> <br /> <br />;/-/&-D5 <br /> <br />Date <br />