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Board memberEngelkenmoved toauthorize staff to reimburse Claudia Cox on behalf of Entrust <br />Professional Insurance in the amount of $17,611.00 for completion of an enhancement grant <br />project.Boardmember Clausenseconded. <br />Ayes: President Warren, Boardmembers Clausen, Martin, Engelken <br />Ojedaand Woodard <br />Nays: None <br />Absent:Vice-President Cooksley <br />4.PRESENTATION <br />(a) <br />Receive presentation regarding proposed revisions to the monthly Financial Report –S. <br />Livingston <br /> <br />Economic Development Coordinator Scott Livingston presented a summary and provided proposed <br />information that will be added to the Financial Report next month. <br />Board member Ojeda questioned when will the Board get a decision regarding the location of <br />Project Nebulaas to whether it will bein Texas or Louisiana.Economic Development Coordinator <br />Scott Livingston responded possibly by the summer of 2014. <br />Board member Ojeda questioned why the $15,000.00 had not been paid to the Richard Industrial <br />Group after the Board approved the commitment. Mr. Livingston responded staff was directed to <br />include some stipulations and conditions in the Developer Agreement that were very specific in <br />terms of reporting mechanisms whichhas delayed the process. Mr. Livingston advised the item will <br />come back to the upcoming meeting in March. Board member Ojeda requested an item be added <br />to the upcoming agenda regarding Workforce Training Incentives. <br />5.SET DATE FOR NEXT MEETING <br />S. Livingston <br />– <br />Board members set the next meeting date for March24, 2014,at 5:00 p.m. <br />STAFF REPORTS <br />6. <br />(a)Receive Financial Report –M. Dolby <br />Finance Director Michael Dolby presented the Financial Report. <br />Board member Engelken questioned if the sales tax issue with Monument Inn has been solved. Finance <br />Director Michael Dolby responded the city has made arrangements to pay the taxes back over a five <br />year period. <br />BOARD MEMBER COMMENTS <br />regarding matters appearing on agenda; recognition of community <br />7. <br />members, city employees, and upcoming events; inquiry of staff regarding specific factual <br />information or existing policies. <br />There were no comments. <br />8.EXECUTIVE SESSION <br />–The La Porte Development Corporation reserves the right to meet in <br />executive session on any agenda item should the need arise and if authorized by the Texas Open <br />Meetings Act, Title 5, Chapter 551, of the Texas Government Code. <br />There was no executive session. <br />Page 2of 3 <br />February 10, 2014, La Porte Development Corporation Board Minutes <br /> <br />