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HomeMy WebLinkAboutO-2011-3319 authorizing 2007-IDA-122/Kuraray, America, Inc.i� REOITEST FOR CITY COUNCIL AGENDA ITEM Agenda Dateequested February 14, 2011 Requested ByR: K• skins Department: Legal Report: Resolution: Ordinance: X Exhibits: Ordinance Exhibits: industrial District Agreement Appropriation Source of Funds: N/A Account Number: Amount Budgeted: Amount Requested: Budgeted Item: YES NO SUMMARY & RECOMMENDATION Ordinance 2007 -IDA -122 approves the Industrial District Agreement between the City of La Porte and Kuraray America, Inc., for the term commencing January 21, 2011, and ending December 21, 2019. This Industrial District Agreement covers the unimproved 81 acres at 13100 Bay Area Boulevard, which the City of La Porte sold to Kuraray America, Inc., on January 21, 2011. Action Required by Council: C side approval of attached ordinance. Bottoms, City Manager j Date �o ! 1- 33K) ORDINANCE N0. AN ORDINANCE AUTHORIZING THE EXECUTION BY THE CITY OF LA PORTE OF AN INDUSTRIAL DISTRICT AGREEMENT WITH KURARAY AMERICA, INC., FOR THE TERM COMMENCING JANUARY 21, 2011, AND ENDING DECEMBER 31, 20191 MAKING VARIOUS FINDINGS AND PROVISIONS RELATING TO THE SUBJECTI FINDING COMPLIANCE WITH THE OPEN MEETINGS LAWy AND PROVIDING AN EFFECTIVE DATE HEREOF. BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF LA PORTE: Section 1. KURARAY AMERICA, INC., has executed an industrial district agreement with the City of La Porte, for the term commencing January 21, 2011, and ending December 31, 2019, a copy of which is attached hereto, incorporated by reference herein, and made a part hereof for all purposes. Section 2. The Mayor, the City Manager, the City Secretary, and the City Attorney of the City of La Porte, be, and they are hereby, authorized and empowered to execute and deliver on behalf of the City of La Porte, the industrial district agreement with the corporation named in Section 1 hereof. Section 3. The City Council officially finds, determines, recites, and declares that a sufficient written notice of the date, hour, place and subject of this meeting of the City Council was posted at a place convenient to the public at the City Hall of the City for the time required by law preceding this meeting, as required by the Open Meetings Law, Chapter 551, Texas Government Code; and that this meeting has been open to the public as required by law at all times during which this ordinance and the subject matter thereof has been discussed, considered and formally acted upon. The City Council further ratifies, approves and confirms such written notice and the contents and posting thereof. Section 4. This Ordinance shall be effective from and after its passage and approval, and it is so ordered. PASSED AND APPROVED, this 14th day of February, 2011. ATTEST: a arris Assistant City Secretary APPROVED: Knox W. Askins City Attorney CITY O, L,� PORTE By: "Louis R. Rigby Mayor 2