Title
Consideration of and action on an ordinance approving the VOPAK MODA HOUSTON, LLC. Industrial District Agreement.
Body
Summary:
On October 14, 2014, the Deer Park City Council approved an ordinance approving an Industrial District Agreement with VOPAK TERMINAL DEER PARK, INC. and VOPAK TERMINAL DEER PARK WEST, INC.
VOPAK MODA HOUSTON LLC has acquired the property from Vopak Terminal Deer Park West Inc. A new IDA needs to be approved to reflect the current ownership along with the updated legal description/survey information for the property.
The City Attorney has drafted the attached ordinance as well as the agreement with VOPAK MODA HOUSTON, LLC.
Fiscal/Budgetary Impact:
Recommended action
Approve the ordinance.