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Considering the impact that Unit #2 will have on the City of La Porte, even at the minimum stated value of <br />$500 million, staff recommended that the 4B Board consider extending the terms of the development <br />agreement, plus the ancillary terms pertaining to employment and growth for Unit #2, by two (2) years to 1 <br />August 2016. <br />Action Required by the La Porte Development Corporation Board: <br />Consider approval or other action authorizing Board President Richard Warren to sign and execute an <br />amendment to the INEOS development/incentive agreement, which contains revisions to selected portions of <br />the original development agreement that were approved by the 4B Board on Monday, 14 July 2014. <br />Approved for the La Porte Development Corporation Agenda <br /> <br />Corby D. Alexander, City Manager Date <br /> <br />