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<br />REQUEST FOR CITY COUNCIL AGENDA ITEM <br /> <br />Appropriation <br /> <br />Agenda Date Requested: AUl!Ust 25. ~ <br /> <br /> <br />Requested By: Tim Tietiens G" ' <br />'~ <br /> <br />Department: Plannin!: <br /> <br />Source of Funds: <br /> <br />N/A <br /> <br />Account Number: <br /> <br />N/A <br /> <br />Amount Budgeted: N/A <br /> <br />Report: _Resolution: _Ordinance:..L. <br /> <br />Amount Requested: N/A <br /> <br />Exhibits: <br />1. Ordinance for Industrial District Agreement <br />2. Industrial District Agreement <br />3. Ord. for Water & Sewer Service Agreements <br />4. Water Service Agreement <br />5. Sanitary Sewer Service Agreement <br />6. Area Map <br /> <br />Budgeted Item: _YES ...x...-NO <br /> <br />SUMMARY & RECOMMENDATION <br /> <br />Vantage Companies, Houston Division has recently sold its property located at the southeast comer of <br />Fairmont Parkway and Underwood Road in Bayport North Industrial Park II, Bayport Industrial District. <br /> <br />The property's new owner has requested that all current agreements for the property (under Vantage <br />Development #39) be assigned to Bayport II Mountain West Houston, LLC. The terms and conditions of the <br />current Industrial District Agreement (IDA), Water SelVice Agreement f'NSA) and Sanitary Sewer SelVice <br />Agreement (SSSA) will remain unchanged. <br /> <br />The term of the agreements are valid through December 31, 2019, plus any renewals and extensions <br />thereof. However, the agreements shall automatically expire at such time as there is no effective Industrial <br />District Agreement between the parties or if the city exercises the right of termination. <br /> <br />Action Required of Council: <br /> <br />A rove an ordinance authorizing the City to enter into an Industrial District Agreement, Water SelVice <br />g ment and Sanitary Sewer SelVice Agreement with Bayport II Mountain West Houston, LLC <br /> <br /> <br /> <br />Date <br />