1994-03-28 Regular Meeting - Laserfiche WebLink

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e e Minutes Regular Meeting La Porte city council March 28, 1994, Page 5 dates scheduled on Saturdays. City Attorney read: ORDINANCE 94-1970 AN ORDINANCE APPROVING AND AUTHORIZING AN AGREEMENT BETWEEN THE CITY OF LA PORTE AND THE LA PORTE LIVESTOCK SHOW AND RODEO ASSOCIATION, REGARDING THE USE OF THE LA PORTE LIVESTOCK/RODEO ARENA; MAKING VARIOUS FINDINGS AND PROVISIONS RELATING TO THE SUBJECT; FINDING COMPLIANCE WITH THE OPEN MEETINGS LAW; PROVIDING AN EFFECTIVE DATE HEREOF. Motion was made bv Councilperson Maxwell to approve Ordinance 94-1970 with the amendment to the aareement as read bv the city Attornev. Second by councilperson Cooper. The motion carried, 9 ayes and 0 nays. Nays: councilpersons sutherland, Cooper, McLaughlin, Porter, Gay, Maxwell, Clarke Malone None Thrower, and Mayor Ayes: (Councilperson Sutherland requested a copy of the "noise ordinance" be placed in his mail box at City Hall.) 11. Council considered an ordinance approving and authorizing a Landlord's Waiver and Subordination Agreement dated March 28, 1994, between the City of La Porte, Bayshore National Bank of La Porte, and the La Porte Livestock Show and Rodeo Association. City Attorney Knox Askins pointed out the legal effect of this agreement - "The City of La Porte is agreeing that the Bank has a lien on the collateral. The worst possible case, if the Bank does not get paid they will come get their collateral. In no way does this make the City responsible for the payment of the loan." City Attorney read: ORDINANCE 94-1975 AN ORDINANCE APPROVING AND AUTHORIZING A LANDLORD'S WAIVER AND SUBORDINATION AGREEMENT DATED MARCH 28, 1994, BETWEEN THE CITY OF LA PORTE, BAY SHORE NATIONAL BANK OF LA PORTE, AND THE LA PORTE LIVESTOCK SHOW AND RODEO ASSOCIATION; MAKING VARIOUS FINDINGS AND PROVISIONS RELATING TO THE SUBJECT; FINDING COMPLIANCE WITH THE OPEN MEETINGS LAW; PROVIDING AN EFFECTIVE DATE HEREOF. Motion was made bv Councilperson Clarke to pass Ordinance 94- 1975 as read bv the citv Attorney. Second by councilperson Cooper. The motion carried, 9 ayes and 0 nays.