08-01-11 Meeting of the La Porte Development Corporation Board of Directors

Browse Search

REQUEST FOR LA PORTE ECONOMIC DEVELOPMENT CORPORATION AGENDA ITEM Agenda Date Requested: 8/1/11 Requested By: Stacey Osborne Department: CMO Report: Resolution: Ordinance: Exhibits: 2010-11 Advertising Commitments -038 2011/2012 Budget — account 038 038- 4B Fund Summar- 4B Scope of Budget Detail Appropriation Source of Funds: Account Number: 038 Amount Budgeted: Amount Requested: Budgeted Item: YES NO SUMMARY & RECOMMENDATION Account 038 is funded by the 'h cent Type B Sales Tal that this Board oversees. At the meeting on June 27, the EDC Board reviewed the 2011/2012 budget. The Board requested several amendments to the budget, including the addition of $15,000 for the low -powered FM Radio Station that is currently under discussion, the addition of funds for the Lomax arena, and a decrease in the amount of money allocated towards the City's website upgrades. They also requested a break -down of advertising expenditures, which is included with this agenda item. Mr. Pizzitola requested copies of the advertisements that i e ran that cost more than $1,000. I have shared those advertisements with him, and I will have them on -hand at the Board meeting for the board to review if they desire. The 2011/2012 Budget will go before Cite Council in August. After this workshop, staff would like the Board to consider action adopting the 2011/2012 budget for the La Porte Development Corporation Board prior to the Cite submitting the Budget for a public hearing and Council's ratification. Action Required by Economic Development Corporation: Provide guidance to staff and consider action approving the budget. Approved for La Porte Development Corporation Agenda Ron Bottoms, City Manager date