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REQUEST FOR LA PORTE DEVELOPMENT CORPORATION BOARD AGENDA ITEM <br />Agenda Date Requested:1/21/13 <br />Appropriation <br />Requested By:Traci E. Leach <br />Source of Funds: <br />Department:CMO <br />Account Number:15-9892-993-1100 <br />Report:XResolution:Ordinance: <br />Amount Budgeted:$200,000 <br />Amount Requested:$17,611 <br />Exhibits:A.Applicationand Supplement <br />YESNO <br />Budgeted Item: <br />B.Evaluation Summary <br /> <br />SUMMARY & RECOMMENDATION <br />In the 2008-09 budget year, the La Porte Development CorporationBoardagreed to fund an <br />enhancement grant program for the Main Street Overlay District. The program offered matching <br />grants of up to $25,000 for businesses in the Main Street District to improve building facades. <br />The project was allotted $200,000and has $168,000 remaining. The goals of the project were to <br />beautify Main Street, to enhance Main Street’s appeal to new businesses and visitors, and to add <br />value to the City of La Porte. <br />Ms. Claudia Coxhas submitted a grant application forEntrust Professional Insurance, located at <br />210 West MainStreet.The Enhancement Grant Application Committee met to discuss the <br />application, and agreed that it should be approved for an amount not to exceed $17,611. The <br />actual award will be one-half of the amount Ms.Coxspends on approved expenses for the <br />project up to $17,611, and will be contingent upon the project being completed as indicated in <br />this grant application. Attached is the application that Ms. Coxsubmitted, as well as additional <br />clarification information on the cost breakdown, as requested by the evaluation committee. <br />The committee recommends that the Board conditionally award a grant in an amount not to <br />exceed $17,611, based on receipts and completion of work as indicated. <br />Action Required by La PorteDevelopment CorporationBoard: <br />Consider approval or other action ofa grant amount not to exceed $17,611forMs. Claudia Cox <br />and Entrust Professional Insurance, to be awarded at the completion of the project, conditional <br />upon receipts and completion of work as indicated. <br />Approved for La Porte Development Corporation Board Agenda <br />Corby D. Alexander, City ManagerDate <br /> <br />