2014-0345
INTRODUCED BY: V.J. ST. PIERRE, JR., PARISH PRESIDENT
(DEPARTMENT OF ECONOMIC DEVELOPMENT & TOURISM)
RESOLUTION NO.
Title
A resolution authorizing the Parish President to execute the Offer to Terminate Financial Assistance Award Agreement for Convenience, EDA Investment No. 08-79-04437, between the United States Department of Commerce, Economic Development Administration, and St. Charles Parish.
Body
WHEREAS, the United States of America, Department of Commerce, Economic Development Administration (herein the "Government") pursuant to its authority under the Public Works and Economic Development Act of 1965 (P. L. 89-136), as amended, entered into a Financial Assistance Award Agreement (herein the "Agreement"), with St. Charles Parish, LA on December 24, 2009; and,
WHEREAS, said Agreement provided an Award not to exceed the lower of $2,000,000
or 89.5 percent of the actual cost of the project estimated to cost $2,235,300 and consisting of rail spur improvements; and,
WHEREAS, the parties have now determined that it not feasible to complete the project as originally intended and that an accounting should be made and said Agreement terminated for convenience of the parties; and,
WHEREAS, the parties further agree that no eligible costs have been incurred or will be incurred pursuant to said Agreement; and,
WHEREAS, in consideration of the premises and for the mutual benefit and convenience of the parties, the Government tendered the Offer to Terminate the Agreement on September 24, 2014; and,
WHEREAS, acceptance of the Offer to Terminate the Agreement must be made by the Parish and returned to the Government on or before October 31, 2014.
NOW, THEREFORE, BE IT RESOLVED, THAT WE, THE MEMBERS OF THE ST. CHARLES PARISH COUNCIL do hereby authorize the Parish President to execute the Offer to Terminate Financial Assistance Award Agreement for Convenience, EDA Investment No. 08-79-04437, between the United States Department of Commerce, E...
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