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REOITEST FOR CITY COUNCIL AGENDA ITEM <br />Agenda Dateequested February 14, 2011 <br />Requested ByR: K• skins <br />Department: Legal <br />Report: Resolution: Ordinance: X <br />Exhibits: Ordinance <br />Exhibits: industrial District Agreement <br />Appropriation <br />Source of Funds: N/A <br />Account Number: <br />Amount Budgeted: <br />Amount Requested: <br />Budgeted Item: YES NO <br />SUMMARY & RECOMMENDATION <br />Ordinance 2007 -IDA -122 approves the Industrial District Agreement between the City of La Porte and Kuraray <br />America, Inc., for the term commencing January 21, 2011, and ending December 21, 2019. <br />This Industrial District Agreement covers the unimproved 81 acres at 13100 Bay Area Boulevard, which the City of <br />La Porte sold to Kuraray America, Inc., on January 21, 2011. <br />Action Required by Council: <br />C side approval of attached ordinance. <br />Bottoms, City Manager <br />j <br />Date <br />