Laserfiche WebLink
Board member Woodard presented a summary to establish a “Rainy Day Fund” for future use <br />and asked Board members to consider discussing the idea at the next meeting. <br />Board member Engelken commented there is a fund available with 2.3 million dollars that can <br />be applied to any project and he does not see the value of establishing a “Rainy Day Fund.” <br />Economic Development Coordinator Scott Livingston advised he will place the item on the <br />next agenda for discussion. <br />(c) <br /> Discussion and possible action to establish an Incentive Policy Subcommittee – S. Livingston <br />Economic Development Coordinator Scott Livingston presented a summary to propose <br />establishing an Incentive Policy Subcommittee consisting of three Board members that are <br />willing to meet and detail the guidelines for the incentives offered by the Board, and to fully <br />discuss the issues related to the development of the incentive policy. <br />Board member Engelken motioned to establish an Incentive Policy Subcommittee and appoint <br />President Warren and Board members Woodard and Martin to serve as the members. Vice- <br />MOTION PASSED <br />President Cooksley seconded.. <br />Ayes: President Warren, Vice-President Cooksley, Board members <br />Ojeda and Engelken <br /> Nays: None <br /> Absent: Board members Clausen and Martin <br />4. SET DATE FOR NEXT MEETING <br />S. Livingston <br /> – <br /> Board members set the next meeting date tentatively for Wednesday, October 28, 2015, and <br />Wednesday, November 11, 2015 at 5:00 p.m. <br />BOARD MEMBER COMMENTS <br />regarding matters appearing on agenda; recognition of community <br />5. <br />members, city employees, and upcoming events; inquiry of staff regarding specific factual information <br />or existing policies. <br />Board member Ojeda requested an update on the ALDI grocery store. Economic Development <br />Coordinator Scott Livingston reported it will be late February before construction begins. <br />6. ADJOURN <br />There being no further business, Board member Woodard moved to adjourn the meeting at 7:01 p.m. <br />MOTION PASSED <br />Vice-President Cooksley seconded. . <br />Respectfully submitted, <br />____________________________________ <br />Sharon Harris, Assistant City Secretary <br />Passed and approved on this 28 th day of October, 2015. <br />____________________________________ <br />President Richard Warren <br />Page 3 of 3 <br />September 30, 2015, La Porte Development Corporation Board Minutes <br /> <br />