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O-2020-IDA-46 AMB Institutional Alliance Fund III Local, L.P.
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O-2020-IDA-46 AMB Institutional Alliance Fund III Local, L.P.
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11/27/2019 3:53:47 PM
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12/28/2022 10:45:59 AM
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Legislative Records
Legislative Type
Ordinance
Legislative No.
O-2020-IDA-46
Date
10/28/2019
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ORDINANCE NO. 2020-IDA-46 <br /> AN ORDINANCE AUTHORIZING THE EXECUTION BY THE CITY OF LA PORTE, TEXAS OF <br /> AN INDUSTRIAL DISTRICT AGREEMENT WITH AMB INSTITUTIONAL ALLIANCE FUND III <br /> LOCAL, L.P., A DELAWARE LIMITED PARTNERSHIP, FOR THE TERM COMMENCING <br /> JANUARY 1, 2020, AND ENDING DECEMBER 31, 2031; MAKING VARIOUS FINDINGS AND <br /> PROVISIONS RELATING TO THE SUBJECT; FINDING COMPLIANCE WITH THE OPEN <br /> MEETINGS LAW; AND PROVIDING AN EFFECTIVE DATE HEREOF. <br /> BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF LA PORTE, TEXAS: <br /> Section 1. AMB Institutional Fund III Local. L.P., a Delaware limited partnership has <br /> executed an industrial district agreement with the City of La Porte, Texas, for the term <br /> commencing January 1, 2020, and ending December 31, 2031, a copy of which is attached <br /> hereto, incorporated by reference herein, and made a part hereof for all purposes. <br /> Section 2. The Mayor, the City Manager, the City Secretary, and the City Attorney of <br /> the City of La Porte, Texas, be and they are hereby, authorized and empowered to execute and <br /> deliver on behalf of the City of La Porte. Texas, the industrial district agreement with the <br /> corporation named in Section 1 hereof. <br /> Section 3. The City Council officially finds, determines, recites, and declares that a <br /> sufficient written notice of the date, hour, place and subject of this meeting of the City Council was <br /> posted at a place convenient to the public at the City Hall of the city for the time required by law <br /> preceding this meeting, as required by the Open Meetings Law, Chapter 551, Texas Government <br /> Code; and that this meeting has been open to the public as required by law at all times during <br /> which this ordinance and the subject matter thereof has been discussed, considered and formally <br /> acted upon. The City Council further ratifies, approves and confirms such written notice and the <br /> contents and posting thereof. <br /> Section 4. This Ordinance shall be effective from and after its passage and approval, <br /> and it is so ordered. <br />
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