2007-0111
INTRODUCED BY: ALBERT D. LAQUE, PARISH PRESIDENT
(BOND COUNSEL)
Resolution No.
Title
A resolution authorizing the Parish President and the Council Secretary of the Parish of St. Charles, State of Louisiana, to execute a preliminary agreement with SilvaGas Taft LLC granting its preliminary approval with respect to the financing of certain industrial facilities; authorizing the publication of a Notice of Public Hearing; and providing for other matters in connection with the foregoing.
Body
WHEREAS, it is the desire of the Parish of Charles, State of Louisiana (the "Parish"), to encourage the location of and addition to industrial enterprises within its jurisdiction under the authority of Sections 991 to 1001, inclusive, of Title 39 of the Louisiana Revised Statutes of 1950, as amended (the "Act"), and other constitutional and statutory authority supplemental thereto; and
WHEREAS, SilvaGas Taft LLC (the "Company"), a limited liability corporation and wholly-owned subsidiary of SilvaGas Corporation, proposes to finance the acquisition, construction and installation of an industrial facility consisting of a biomass-to-syngas facility, constituting nonresidential real property to be located in the geographical limits of St. Charles Parish in the Gulf Opportunity Zone as provided in the Gulf Opportunity Zone Act of 2005, or facilities constituting solid waste disposal facilities, recycling facilities, resource recovery facilities or industrial sewage and wastewater treatment facilities under Section 142 of the Internal Revenue Code of 1986, as amended (collectively, the "Project"), as described in Exhibit A attached to the Preliminary Agreement identified as Supplement I hereto, and has requested that the Parish utilize the aforesaid authority and grant preliminary approval with respect to the financing of the Project through the issuance of its revenue bonds (the "Bonds") in the manner hereinafter provided; and
WHEREAS, this Parish...
Click here for full text