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3. DISCUSSION OR OTHER ACTION <br />(a) <br />Discussion and possible action regarding economic development initiatives for staff to pursue <br />in FY2015-2016 and/or the next 1-3 years – S. Livingston <br />Economic Development Coordinator Scott Livingston presented a summary for economic development <br />initiatives for staff to pursue in FY2015-2016 and/or the next 1-3 years. Thefollowingproposed range of <br />projectsdiscussed were: Attract/Create Primary Jobs; Attract/Expand the Tax Base; Quality of Life <br />Projects; Retail; Restaurants; Family Oriented Entertainment; Office; Research and Development; <br />Workforce Development; Airport Redevelopment; Main Street/Downtown Redevelopment; Redevelopment <br />throughout the City of <br />La Porte; Affordable Housing and Other. Mr. Livingston suggested he send an email of the proposed <br />projects to Board members to identify from most important to least important projects for staff to pursue in <br />FY 2015-2016. <br />The agenda was taken out of order at this time for Board members to convene an executive session. <br />Board member Clausen left the meeting at 5:53 p.m., and did not attend the executive session. <br />6. EXECUTIVE SESSION <br /> – The La Porte Development Corporation reserves the right to meet in executive <br />session on any agenda item should the need arise and if authorized by the Texas Open Meetings Act, <br />Title 5, Chapter 551, of the Texas Government Code, including, but not limited to, the following: <br />Texas Government Code, Section 551.072 – For the purpose of deliberating the purchase, exchange, <br />lease or value of real property: Meet with Economic Development Coordinator to discuss possible <br />purchase of real estate by the La Porte Development Corporation. <br /> Board members recessed the La Porte Development Corporation Board meeting to convene an <br />executive session at 5:53 p.m. to m <br />eet with Economic Development Coordinator to discuss possible <br />purchase of real estate by the La Porte Development Corporation. <br />7. RECONVENE <br />into regular session and consider action, if any, on items discussed in executive <br />session. <br />Board members reconvened into the La Porte Development Corporation Board meeting at 6:33 p.m. <br />Regarding <br />Texas Government Code, Section 551.072:Meet with Economic Development Coordinator to <br />discuss possible purchase of real estate by the La Porte Development Corporation. <br />Board member Ojeda motioned to move forward to investigate further real estate possibilities. Board <br />MOTION PASSED <br />member Woodard seconded. . <br />Ayes: President Warren, Vice-President Cooksley, Board members <br />Ojeda and Engelken <br /> Nays: None <br /> Absent: Board members Martin and Clausen <br />3. DISCUSSION OR OTHER ACTION <br />The agenda was taken out of order earlier during the meeting. See above where Discussion Item <br />3(a) was presented by Economic Development Coordinator Scott Livingston. <br />(b) <br />Discussion and possible action to establish a “Rainy Day Fund” for future use – S. Livingston <br />Page 2 of 3 <br />September 30, 2015, La Porte Development Corporation Board Minutes <br /> <br />