HomeMy WebLinkAboutRES 15-310RESOLUTION NO. 15-310
WHEREAS, the City of Beaumont has been approached by Enterprise Beaumont
Marine West, L.P. (formerly Oil Tanking) with a proposal for the construction of a facility
to store and transport 4.1 million barrels of crude oil; and,
WHEREAS, this project is intended to bolster local economic development by
stimulating business and commercial activity within the city; and,
WHEREAS, the developers have approached the City seeking economic
development incentives in the form of ad valorem tax abatements and have filed an
application with the City for Chapter 380 economic development incentives; and,
WHEREAS, the application has been reviewed and it has been determined that
the proposed project does satisfy the purpose and goals of the program in that it will
enhance the City's economic base and diversify and expand job opportunities; and,
WHEREAS, in order to maintain sufficient controls to ensure that the public
purpose is carried out, it is necessary to enter into an economic development
agreement with the developer establishing the expectations and terms of the
transaction; and,
WHEREAS, the City Council is of the opinion that approval of an application for
Chapter 380 economic development incentives and entering into an economic
development agreement with Enterprise Beaumont Marine West, L.P. for the
construction of a facility to store and transport 4.1 million barrels of crude oil are in the
best interest of the City of Beaumont and its citizens;
NOW, THEREFORE, BE IT RESOLVED BY THE
CITY COUNCIL OF THE CITY OF BEAUMONT:
THAT the statements and findings set out in the preamble to this resolution are hereby,
in all things, approved and adopted; and,
THAT approval of an application for Chapter 380 economic development
incentives for Enterprise Beaumont Marine West, L.P. for the construction of a facility to
store and transport 4.1 million barrels of crude oil is hereby approved; and,
BE IT FURTHER RESOLVED THAT the City Manager be and he is hereby
authorized to execute an economic development agreement with Enterprise Beaumont
Marine West, L.P. granting a 100% ad valorem tax abate for a period of ten (10) years
for the construction of a facility to store and transport 4.1 million barrel of crude oil.
PASSED BY THE CITY COUNCIL of the City of Beaumont this the 22nd day of
December, 2015.
ayor Beck mes -