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Vice-President Cooksley asked if the City owns the airport property and what will be done with the <br />airport. City Manager Corby Alexander responded yes, and the City has accepted FFA funding for <br />various improvements over the years that came with certain stipulations and approval processes if the <br />airport was to be refurbished. <br /> <br />Mr. Livingston advised Board members he can email the complex form of everything that has been <br />discussed tonight regarding incentive programs. <br /> <br />Board member Ojeda asked if a clause can be added to the agreement that will not allow applicants to <br />sell businesses after receiving grants. Assistant City Attorney Clark Askins responded yes, a clause <br />can be added to the terms of the agreement. Mr. Livingston added there is a clawback clause that if a <br />business sold the property, they will lose the incentive. <br /> <br />Vice-President Cooksley commented he would like an incentive program for existing businesses and <br />one for new businesses. City Manager Corby Alexander responded if the Board only desires to have <br />two options the incentive program can be scaled back. <br /> <br />4. SET DATE FOR NEXT MEETING <br />S. Livingston <br /> <br />Board members set the next meeting date for Monday, August 24, 2015, at 5:00 p.m. <br />5. STAFF REPORT <br />(a) <br />Receive Financial Report M. Dolby <br />Economic Development Coordinator Scott Livingston presented the Financial Report. <br /> <br /> <br />BOARD MEMBER COMMENTS <br />regarding matters appearing on agenda; recognition of community <br />6. <br />members, city employees, and upcoming events; inquiry of staff regarding specific factual information <br />or existing policies. <br /> <br />Board members thanked Economic Development Coordinator Scott Livingston for all his hard work. <br />7. ADJOURN <br /> <br /> <br />There being no further business, Vice-President Cooksley moved to adjourn the meeting at 7:40 p.m. <br />MOTION PASSED <br />Board member Ojeda seconded. . <br />Respectfully submitted, <br />____________________________________ <br />Patrice Fogarty, City Secretary <br /> <br />th <br />Passed and approved on this 24 day of August, 2015. <br /> <br />____________________________________ <br />President Richard Warren <br /> <br />Page 4 of 4 <br />July 7, 2015, La Porte Development Corporation Board Minutes <br /> <br /> <br /> <br /> <br />