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REQUEST FOR LA PORTE ECONOMIC DEVELOPMENT CORPORATION AGENDA ITEM <br />Agenda Date Requested: 8123111 <br />Requested By: Stacey Osborne <br />Department: CMO <br />Report: Resolution: Ordinance: <br />Exhibits: Revised Fund Summary <br />Project Descriptions <br />Lomax Park Improvement Estimate <br />Appropriation <br />Source of Funds: <br />Account Number: 038 <br />Amount Budgeted: <br />Amount Requested: <br />Budgeted Item: YES NO <br />R111051u I \:V1IF? 6 A DIW10 h0l D1►117r llft7►1 <br />At the August 1, 2011 EDC Board meeting, the Board approved the proposed 4B budget for FY <br />2011 -12. This budget was included in the overall budget proposal for Council consideration <br />during the budget workshops held August 8 through 10, 2011. <br />During the budget workshop, Council identified several projects that could be funded through 4B <br />funds and requested that the 413 Board consider funding the projects. These projects are <br />Playground Renovations, Dog Park, fully funding for the Lomax Arena improvements, Golf <br />Course Restroom, and fully funding the Bulk Heading project that is currently underway. <br />Additionally, the Council recommended reducing the Contingency line item (038- 6030 -565- <br />9050) from $25,000 to $1,000. <br />Changes in the fund summary are highlighted to easily identify the proposed modifications. <br />Action Required by Economic Development Corporation: <br />Provide guidance to staff and consider action approving the budget. <br />® -( <br />Date <br />