HomeMy WebLinkAboutOrdinance No. 16,576 (Item 7.b.)ORDINANCE NO. 16,576
AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF BAYTOWN, TEXAS,
APPROVING THE ASSIGNMENT OF A TAX ABATEMENT AGREEMENT
BETWEEN PORT 10 INTERMODAL, LLC. AND SKYREM, LLC.; AND PROVIDING
FOR THE EFFECTIVE DATE THEREOF.
WHEREAS, via Ordinance No. 15,312, the City of Baytown, Texas and Port 10 Intermodal, LLC
("Port 10") entered into a Tax Abatement Agreement for Certain Taxable Property Located in the Port 10
Logistics Reinvestment Zone ("Agreement") on December 8, 2022; and
WHEREAS, Article X of the Agreement allows Port 10 to assign its rights and obligations under
this Agreement to a new owner with the consent of the City Council, which shall not be unreasonably
withheld. NOW, THEREFORE
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF BAYTOWN, TEXAS:
Section 1: That the City Council of the City of Baytown, Texas, hereby approves the
Assignment of the Agreement from Port 10 to Skyrem, LLC. A copy of said Assignment is attached hereto
as Exhibit "A" and incorporated herein for all intents and purposes.
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 affirm tive/vote o the C' Council of the City of
Baytown this the 27th day of August, 2026.
CHARLES JOHNSON, Mayor
ATTEST:
ANGELA JACKSON, City Clerk
APPROVED AS TO FORM:
Scott Lemond, City Attorney
R:IOrdinances and Resolutions\Ordinance Drafts12026-08-271Ord-Assignment Port 10 Tax Abatement Agt (Bldg 3)-SL.docx