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04-14-14 Meeting of the La Porte Development Corporation Board of Directors
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04-14-14 Meeting of the La Porte Development Corporation Board of Directors
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4/9/2014 1:08:52 PM
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La Porte TX
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Agenda PACKETS
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4/14/2014
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<br />Note: Job creation was already included in the original incentive/development agreement regarding $66,000 for : Job creation was already included in the original incentive/development <br />agreement regarding $66,000 for <br />this project. <br /> <br /> <br />Project Information Previously Shared on 13 January and 24 March, 2014Project Information Previously Shared on 13 January and 24 March, 2014 <br /> <br /> <br /> <br />Mr. Rob Johnson is the Owner of Rob Johnson Interests, which is a local Real Estate Development Company. Mr. Rob Johnson is the Owner of Rob Johnson Interests, which is a local Real <br />Estate Development Company. <br />He developed the He developed the on Center Street and Pasadena Blvd in Deer Park, Texas. He on Center Street and Pasadena Blvd in Deer Park, Texas. He <br />Shoppes of Town SquareShoppes of Town Square <br />recently placed a portion of the Jay Marks Chevrolet dealership under contract to construct a new recently placed a portion of the Jay Marks Chevrolet dealership under contract to construct <br />a new <br />retail/commercial development. retail/commercial development. <br /> <br /> <br /> <br />Phase #1 is planned to encompass 2.86 acres, while Phase #2 is planned to encompass 1.67 acres. Mr. Johnson Phase #1 is planned to encompass 2.86 acres, while Phase #2 is planned to <br />encompass 1.67 acres. Mr. Johnson <br />plans to complete Phase #1 in 2014 and Phase #2 by either late 2014 or early 2015.plans to complete Phase #1 in 2014 and Phase #2 by either late 2014 or early 2015. <br /> <br /> <br /> <br />Rob Johnson has been pursuing and negotiating with multiple, retail prospects to lease space in Phase #1 of the Rob Johnson has been pursuing and negotiating with multiple, retail prospects <br />to lease space in Phase #1 of the <br />new, proposed retail development. In order to accommodate a larger, national retail tenant in the retail center, Rob new, proposed retail development. In order to accommodate a larger, <br />national retail tenant in the retail center, Rob <br />must construct a larger building with firewalls between the adjoining lease spaces. In order to keep his must construct a larger building with firewalls between the adjoining lease <br />spaces. In order to keep his <br />construction costs within limits that will still allow him to offer competitive and attractive lease rates to the construction costs within limits that will still allow him to offer <br />competitive and attractive lease rates to the <br />prospective national retail tenant, Rob is requesting an additional incentive in the amount of prospective national retail tenant, Rob is requesting an additional incentive in the amount <br />of .. <br />$40,000$40,000 <br /> <br /> <br /> <br />
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