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REQUEST FOR LA PORTE DEVELOPMENT CORPORATION AGENDA ITEM <br />Budget <br />Agenda Date Requested:10 June 2013 <br />Source of Funds: <br />Requested By:Scott D. Livingston <br />Account Number: <br />Department: Administration/Economic Development <br />Amount Budgeted: <br />Report: Resolution:Ordinance: <br />Amount Requested: <br />Exhibit:Enhancement Grant Application <br />Exhibit: Letter to Applicant <br />Budgeted Item:YESNO <br />SUMMARY & RECOMMENDATION <br />th <br />The Enhancement GrantReview Committee (“Committee”) met on Wednesday, May 29to <br />review and discuss an Enhancement Grant Application from the Stepping Stone Funeral Home. <br />The applicant did receive three (3) bids foreach type of work, painting, awning, electrical, and <br />paving, to be completed during the project. A few items need to be noted in regard to the <br />application: <br />On the pricing sheet submitted, the highlighted items and vendors are the ones selected <br />by the applicant to complete the work. <br />On the drawings for the landscaping, there is an ornamental fence shown. This is not <br />permitted in commercially zoned area and the applicant has agreed to remove the fence <br />from the scope of work. However, the drawings were not revised to show the removal of <br />the fence. <br />The applicant requested a reimbursement of $16,420.33from the 4B Development Board, which <br />is 50% of the total estimated project cost of $32,840.66.The Committee approved an amount of <br />$15,256 <br />, plus the additional necessary cost, if any, to add the application of “tack coat” to the bid <br />provided by “Pave It,” the lowest paving bidder. <br />The difference of $1,164.33between the applicant’srequested grant amount and theamount <br />approved by the Committee is attributed to the following factors: <br />“Flowers” and/or “mulch” are not reimbursable expenses in the Enhancement Grant <br />$105); <br />Program( <br />For the section entitled “Paint”, the Committee chose to reimburse the applicant50% of <br />the amount submitted byapparentlowestqualifiedbidder.After discounting the bid for <br />“Pro-Tect,” this left the second lowest bidder to be “Angel’s Painting.”This difference <br />became 50% of $6,140 ($5,670 + $470), or $3,070, and 50% of $8,257.31, or $4,130, <br />$1,060 <br />which comes to $4,130 -$3,070 and . <br />$1,165 <br />Together, $1,060 and $105 equate to . <br /> <br />