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REQUEST FOR LA PORTE ECONOMIC DEVELOPMENT CORPORATION AGENDA ITEM <br />Agenda Date Requested: 9/13/11 <br />Appropriation <br />Source of Funds: <br />Requested By: Stacey Osborne <br />Department: CMO <br />Report: X Resolution: Ordinance: <br />Exhibits: <br />Account Number: <br />Amount Budgeted: <br />YES NO <br />Amount Requested: <br />Budgeted Item: <br />SUMMARY & RECOMMENDATION <br />At the meeting of the La Porte Economic Development Corporation on August 23, the Board <br />asked staff to request Council's direction on what Council priorities are for the Board and how <br />Council views the role of the EDC. Primarily, the EDC Board wanted to know what is important <br />to the Council in terms of 4B dollars when the Board is evaluating, considering, and <br />recommending projects. The following specific question was submitted by EDC Board member <br />Bob Pizzitola for Council discussion: <br />My primary question regards how the City Council sees our 4B Corporation. Is it <br />viewed as a "funding source" for projects initiated by the Council or a "think <br />tank" providing ideas and concepts to foster economic development for the <br />community utilizing the tax generated funds toward completion? <br />Staff is on hand this evening to report back with Council's response. <br />Action Required by Economic Development Corporation: <br />Receive report from staff and discuss. <br />Approved for La Porte Development Corporation Agenda <br />Ron Bottoms, City Manager <br />date <br />