“At the request of our City Manager and my fellow City Council Members, I am offering this statement to the public regarding my non-involvement with the sale and future redevelopment of the Imperial Sugar Property. Imperial Sugar announced on February 18 that a preliminary agreement had been reached with Cherokee Investments and W.C. Perry Land Development for the sale of the Sugar Mill property in Sugar Land.
“As I previously stated, I have consummated a business transaction with W. C. Perry Realty Investment Fund, LP and W. C. Perry Properties, LP whereby I will serve as Chairman of the Investment Committee. This business involvement is not associated in any way with W.C. Perry Land Development, LP, or any other entity involved in the Imperial transaction. I have relocated my business office to Perry’s office in Sugar Land in early January. I would like to reiterate that neither I, nor the W.C. Perry Realty Investment Fund, LP or W.C. Perry Properties, LP, will have any economic interest, either directly or indirectly, to either W.C. Perry Land Development, LP, Cherokee Investment or Imperial Sugar, and I (including W.C. Perry Realty Investment Fund, LP & W.C. Perry Properties, LP) have not or will not benefit directly or indirectly, from any such transaction.
“In consultation with the City Manager and the City Council, I agree and am fully aware that I have a responsibility to the public and am therefore providing this additional commitment. I am committing that I will relinquish any and all involvement in all aspects of the Imperial Sugar Property Sale and Re-development. This includes any involvement regarding this project with City officials, the developer and development team, Imperial Sugar Company and the City staff. This also includes any and all involvement with State Representatives, the General Land Office and other members involved in the sale of the adjacent property known as Tract 3. Lastly, from and after the date of this statement, I relinquish all of my discussions regarding the Imperial project with representatives of adjoining properties, neighborhood interests, and all of the public as well as the media (except for statements pertaining to my non-involvement).
“I join the City Manager and my fellow City Council Members in taking this additional step in ensuring an abundance of precaution regarding this project. I ask the public to respect this position and direct all inquiries regarding the project to the City Manager.”
