02-22-16 Meeting of the La Porte Development Corporation Board of Directors

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REQUEST FOR LA PORTE DEVELOPMENT CORPORATION AGENDA ITEM Agenda Date Requested: February 22, 2016 Requested By: Scott D. Livingston Department: Administration Report: ' Resolution:'(' Ordinance: ' Exhibits: 1. Application, 4 Ever Clear Pools, Jan. 26, 2016 2. Bid Sheet Summary 3. Enhancement Grant Evaluation Summary 4. Development Agreement -Signed Appropriation Source of Funds: CIP 015.9892.993 Account Number: Amount Budgeted: $275,972.37 Amount Requested: $19,192.60 Budgeted Item: ' YES ' NO SUMMARY & RECOMMENDATIONS The Enhancement Grant Review Committee reviewed an Enhancement Grant Application from 4 Ever Clear Pool Chemical Co., LLC at 101 S. Iowa Street in La Porte, Texas. The applicant collected bids to complete each of the four projects. For each project for a value equal to or greater than $2,000, the applicant collected three bids. The proposed projects are as follows: 1) Remove existing asphalt driveway & install new concrete driveway $28,894.09 2) Install two new metal doors $ 622.44 3) Paint the sides and roof of the building $ 7,994.26 4) Install a new sign TOTAL $ 874.41 $38,385.20 As a result of the lowest bids for each project, the total expenditure proposed to be made by the applicant is estimated to be $38,385.20. 50% of this sum is $19,192.60. Please refer to the `Bid Sheet Summary' for details. The Enhancement Grant Evaluation Committee reviewed this enhancement project and believes that this project will encourage similar re -development throughout the community of La Porte. The Enhancement Grant Evaluation Committee gave this project a score of 4.80 out of a maximum possible score of 5.0. Please refer to the enclosed "Evaluation Summary" for additional details. The applicant is available to address any questions the Board may have about this proposed project. Action Required by the La Porte Development Corporation: Consider approval or other action to authorize President Richard Warren to sign and execute a development agreement with 4 Ever Clear Pool Chemical Co., LLC for an enhancement grant for an amount not to exceed $19,192.60 to be awarded at the completion of the project.