06-27-11 Meeting of the La Porte Development Corporation Board of Directors

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Section 413 112 Cent Sales Tax Fiscal Year 2011 -12 Expenditure Summary Actual Bredget Estimated Requesled Percent 2009 -10 2010 -11 2010 -11 2011 -12 Change Division Total $1,615,748 $1,215,599 $1,209,063 $ 888,794 - 26.88% Personal Services $ 61,322 $ 75,932 $ 76,684 $ 64,975 - 14.43% Supplies 1,634 1,650 1,485 3,450 109.09% Services & Charges 1,552,792 1,138,017 1,130,894 820,369 - 27.91% Division Total $1,615,748 $1,215,599 $1,209,063 $ 888,794 - 26.88% Scope of Services Summary The Economic Development Division works with the Economic Development Corporation Board to set direction and polices related to economic development projects in the City. The Department and its activities are funded through the collection of a 112 cent sales tax, which must be spent on economic development projects related to capital investment and job creation. Past activities have included the re- nourishment of Sylvan Beach, the ball fields at Pecan Park, the library, and infrastructure improvements on Main Street. In the upcoming FY 2011 -12 we will continue to budget $200,000 for enhancement grants for businesses along Main Street. We will also continue to work with our regional economic development partners on business retention and expansion programs, small business development, marketing efforts, workforce initiatives, transportation issues and quality of life issues. The Economic Development Coordinator will also serve as the Business Ombudsman for the City of La Porte, working with new and existing businesses to help them through the planning and zoning processes. Personnel Position Roster Approved Approved Requested 2009 -10 2010 -11 2011 -12 Economic Dev/Downtown Revitalization Coord 0.50 0.50 0.50 Secretary TV 0.50 0.50 0.25 Total 1.00 1.00 0.75