HomeMy WebLinkAboutRES 23-336RTSOLUTION NO. 23-336
BE IT RESOLVED BY THE CITY COUNCIL
OF THE CITY OF BEAUMONT:
THAT the City Manager be and he is hereby authorized to approve and execute an
amendment to the ZeroParks Management, LLC Industrial District Agreement (IDA).
The meeting at which this resolution was approved was in all things conducted in strict
compliance with the Texas Open Meetings Act, Texas Govenu-rent Code, Chapter SS 1.
PASSED BY TIME CITY COUNCIL of the City of
November, 2023.
this the 7th day of
Roy West -
AMENDMENT TO INDUSTRIAL DISTRICT AGREEMENT
This Amendment to Industrial District ("Amendment") is entered into this day of
, 2023 by and between the City of Beaumont, Texas and Zero -Parks Management, LLC,
113-2 Nr>rT«
WHEREAS, The Beaumont City Council approved the City Manager to execute an Industrial District
Agreement ("IDA") on April 4, 2023; and,
WHEREAS, Zero Parks Management, LLC is a Delaware limited liability company, the correct
spelling of which is "ZeroParks Management, LLC (with no space between "Zero" and "Park"); and,
WHEREAS, the business entity authorized to conduct business in Texas and the owner of
improvements subject to tax abatement agreements with local taxing entities is ZeroPark I, LLC, a sister
company of ZeroParks Management, LLC; and,
WHEREAS, the City of Beaumont and ZeroParks Management, LLC desire to amend the Agreement
to include ZeroPark 1, LLC as a party.
NOW, THEREFORE, the City of Beaumont, ZeroParks Management, LLC and ZeroPark I, LLC agree
that the Agreement is amended to include the following:
1. The parties to the Agreement are the City of Beaumont, ZeroParks Management, LLC and
ZeroPark I, LLC.
The remaining terms and conditions are unchanged and remain in full force and effect.
IN WITNESS WHEREOF, the parties have executed this Amendment as of the dates written below.
ZEROPARKs MANAGEMENT LLC THE CITY OF BEAUMONT, TEXAS
Name: Name:
Title: Title:
❑ate: Date:
ZEROPARK I, LLC
Name:
Title:
Date: