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<br />REQUEST FOR CITY COUNCIL AGENDA ITEM <br /> <br />Agenda Date Requested: 10/31/2007 <br /> <br />Budl!:et <br /> <br />::::::.::' :::::. ~~ <br /> <br />Source of Funds: <br /> <br />N/A <br /> <br />Account Number: <br /> <br />N/A <br /> <br />Report: <br /> <br />Resolution: <br /> <br />Ordinance: X <br /> <br />Amount Budgeted: <br /> <br />N/A <br /> <br />Exhibits: Proposed Agreement <br /> <br />SUMMARY & RECOMMENDATION <br /> <br />Attached you will find a copy of the proposed Agreement with between the La Porte <br />Economic Development Corporation (LPEDC) and WesMor Cryogenic Manufacturing L TO for <br />your review and consideration. The agreement will be considered by the LPEDC at their <br />November 12 meeting. Per the LPEDC By-Laws any expenditure over $15,000 requires City <br />Council approval. This is the same agreement which was reviewed by the Board at their <br />August 27,2007 meeting. The agreement has been signed and returned to us by WesMor. <br />Representatives of the Company were notified of the meeting although as of this writing we <br />have not heard if they will be in attendance. <br /> <br />Action Reauired bv Council: <br /> <br />Approve the attached Ordinance authorizing the Mayor to execute the Agreement between <br />the La Porte Economic Development Corporation and WesMor Cryogenic Manufacturing <br />LT . <br /> <br /> <br />