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REQUEST FOR LA PORTE DEVELOPMENT CORPORATION AGENDA REQUEST FOR LA PORTE DEVELOPMENT CORPORATION AGENDA <br />ITEMITEM <br />November 17, 2014November 17, 2014AppropriationAppropriation <br />Agenda Date Requested:Agenda Date Requested: <br />N/AN/A <br />Scott Livingston Scott Livingston Source of Funds:Source of Funds: <br />Requested By:Requested By: <br />Account Number:Account Number: <br />Economic Development/Tourism Economic Development/Tourism <br />Department: <br />Amount Budgeted:Amount Budgeted: <br />Report:Resolution:Resolution:Ordinance:Ordinance: <br />Amount Requested:Amount Requested: <br />Exhibits: <br />Budgeted Item:Budgeted Item:YESYESNONO <br />1. Proposed ACT Development Agreement1. Proposed ACT Development Agreement <br />2. ACT turbo Original Presentation Files2. ACT turbo Original Presentation Files <br />SUMMARY & RECOMMENDATIONSSUMMARY & RECOMMENDATIONS <br />On Monday, 22 September 2014, both the La Porte City Council and the 4B Board approved an incentive grant On Monday, 22 September 2014, both the La Porte City Council and the 4B Board <br /> approved an incentive grant <br />award in the amount of $426,000 for ACT Independent Turbo Service, Inc. award in the amount of $426,000 for ACT Independent Turbo Service, Inc. <br /> Enclosed is the proposed development agreement for ACT Independent Turbo Services, Inc. Enclosed is the proposed development agreement for ACT Independent Turbo Services, Inc. <br /> <br />Action Required by the La Porte Development Corporation:Action Required by the La Porte Development Corporation: <br />Consider approval or other action authorizing the President of the La Porte Development Corporation to execute a Consider approval or other action authorizing the President of the La <br /> Porte Development Corporation to execute a <br />proposed development agreement with ACT Independent Turbo Services, Inc. proposed development agreement with ACT Independent Turbo Services, Inc. <br />Approved for the La Porte Development Corporation AgendaApproved for the La Porte Development Corporation Agenda <br />Corby D. Alexander, City ManagerCorby D. Alexander, City ManagerDateDate <br /> <br />