Title
Discussion of issues relating to 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
Discussion only during workshop. An action item to approve the ordinance is included on the regular City Council Meeting Agenda.