Ordinance No. 15,172 ORDINANCE NO. 15,172
AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF BAYTOWN,
TEXAS, AUTHORIZING THE RETURN OF $3,250,000.00 IN CITY FUNDS
FROM SAN JACINTO RETAIL ASSOCIATES, LLC PURSUANT TO A
CLAWBACK PROVISION WITHIN THE CHAPTER 380 DEVELOPMENT
AGREEMENT; MAKING OTHER PROVISIONS RELATED THERETO; AND
PROVIDING FOR THE EFFECTIVE DATE THEREOF.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF BAYTOWN, TEXAS:
Section 1: That the City Council of the City of Baytown hereby authorizes the return of
$3,250,000.00 in City funds from San Jacinto Retail Associates, LLC pursuant to a "clawback"
provision within the 380 Development Agreement entered into via ordinance 12,891, and amended via
ordinances 13,824, 14,036, and 14,612.
Section 2: This ordinance shall take effect immediately from and after its passage by the
City Council of the City of Baytown.
INTRODUCED, READ and PASSED by the affirmative vote of the City Council of the
City of Baytown this the 25"' day of August, 2022.
ANDON CAPETILLO,If/lay—or
ATTEST: �oF gKYToyy,�T
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ANGELA ACKSON, Cit k u�
T�OF
APPROVE AS O FORM:
SCOTT LENIOND, City Attorney