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<br />REQUEST FOR LA PORTE DEVELOPMENT CORPORATION BOARD <br />AGENDA ITEM <br />Appropriation <br />Agenda Date Requested: July 22, 2019 <br /> <br />Requested By: Source of Funds: Enhancement Grant <br />R. Cramer, Econ. Dev. Coordinator <br /> <br />Department: <br />CMO <br />Account Number: 0159892-9931100 <br /> <br />Amount Budgeted: $220,903 <br />Report Resolution Ordinance <br /> <br /> <br /> <br />Amount Requested: $6,998.73 <br />Exhibits: Application, bids and bid tabulation <br /> <br />Budgeted Item: Yes No <br /> <br /> <br />SUMMARY <br /> <br />Recently, the applicant, Frank Nance moved his State Farm Insurance agency from West La Porte to <br />Main Street. His new State Farm Insurance agency is located at 508 W. Main Street. He has completed <br />inside renovations and is now seeking an enhancement grant from the 4B Board to redo the front of his <br />building and install a State Farm Insurance sign. This project includes adding a new awning, replacing <br />hardi-plank, a new State Farm Insurance sign, and painting. <br /> <br />Due to the sole source provider of the State Farm Insurance sign there is only one bid for the new sign <br />because State Farm requires all of their signs to be purchased from that vendor. The cost of the State <br />Farm Insurance sign is $4,227.00 of which State Farm Insurance pays $2,747.55 and the agent is <br />required to pay the difference; therefore, the request on this application is for the agents portion of <br />$1,479.45. <br /> <br />The additional project includes three bids - Follis Construction, Herring Remodeling and RAL <br />Contractors, LLC. Both Follis Construction and Herring Remodeling were not able to provide bids for the <br />awning; therefore, a separate quote for the awning was obtained from American Awning in the amount <br />of $3,840.00, which will need to be added to each of these two contractor bids. RAL Contractors, LLC <br />bid an all-inclusive amount of $26,977.00. .00, while Herring <br />bid was $8,678.00, both without the awning. <br /> <br />The lowest bidders being State Farm Everbrite (sign), American Awning (awning) and Herring <br />Remodeling (façade) for a total of $13,997.45 ($1,479.45 sign, $3,840.00 awning, and $8,678.00 <br />façade). Staff recommends approval of an enhancement grant for Frank Nance (a.k.a. State Farm <br />Insurance) in the amount of $6,998.73 (50% of $13,997.45). <br /> <br />RECOMMENDED MOTION <br /> <br />