Big day for Neofuel and TITT today:
P. R. No. 14676
04/30/08 is
RESOLUTION NO.
A RESOLUTION AS IT PERTAINS TO AUTHORIZING AN
INCENTIVE AGREEMENT WITH ALLY INVESTMENTS, LLC
AND NEOFUEL USA, LLC (REQUESTED BY COUNCILMEMBER
BEARD AND COUNCILMEMBER CHATMAN)
WHEREAS, the City has received a proposal from Ally Investments,
LLC and NeoFuel USA, LLC to build a pyrolysis plant adjacent to Denbo
Avenue; and
WHEREAS, Ally Investments, LLC and NeoFuel USA, LLC have
requested incentives, which includes the waiver of building permit
fees, tap fees, and other City required fees for the new facility;
and
WHEREAS, Ally Investments, LLC and NeoFuel USA, LLC have
received a permit from the TCEQ; and
WHEREAS, the City Council wants to provide an incentive for this
development so that the pyrolysis plant will be built in such a way
that it will be conducive to orderly community redevelopment of the
West Side, will not act as a nuisance, and will be a positive
development for the area; and
WHEREAS, the proposed pyrolysis plant will create an annual
payroll of approximately $5 million in its .first phase and will bring
up to 110 permanent new jobs to the City of Port Arthur.
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF PORT ARTHUR, TEXAS:
'Section 1. That the facts ahd opinions in the. preamble are.
true and correct.
Section 2'. That the City Manager is herein authorized to
execute the incentive agreement in substantially the same form as
denoted in Exhibit "A".
Section 3. That a copy of the caption of this Resolution be
spread upon the Minutes of the City Council.
READ, ADOPTED AND APPROVED on this day of
A.D., 2008, at a Meeting of the City Council of
the City of Port Arthur, Texas, by the following vote: AYES: Mayor
Councilmembers
NOES:
MAYOR
ATTEST:
ACTING CITY SECRETARY
APPROVED AS TO FORM:
CITY ATTORNEY
APPROVED FOR ADMINISTRATION:
CITY MANAGER |
