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REQUEST FOR LA PORTE ECONOMIC DEVELOPMENT CORPORATION AGENDA ITEM <br />Appropriation <br />Agenda Date Requested:2/13/12 <br />Source of Funds: <br />Requested By:Stacey Osborne <br />Account Number: <br />Department:CMO <br />Amount Budgeted: <br />Report:Resolution:Ordinance: <br />Amount Requested: <br />Exhibits:Askins Legal Report <br />Budgeted Item:YES NO <br />Timeline of Events <br /> <br />SUMMARY & RECOMMENDATION <br />At the meeting of the EDC Board of Directors on January 9, 2012, Councilman Zemanek <br />requested an agenda item for this evening’s meeting to discuss and take action, if appropriate, to <br />recoup the amounts due to the City of La Porte from East A Developments LP and/or Garson <br />Silvers for the tank removal during the construction of the Five Points Town Plaza. <br />Mr. Gillett will give a presentation outlining the timeline of events and the actions that have been <br />taken up to this point. City Attorney Knox Askins will also be on-hand to answer any legal <br />questions. <br />Exhibits include the timeline of events, as outlined in the 2011 forensic audit of Plaza Activities <br />and a collectionsreport letter on East A Developments, LP, from Mr. Askins. <br />After discussing the issues, the Board is asked to consider approval or other action authorizing <br />the City Attorney to initiate legal proceedings against East A Developments, LP 1 and/or Garson <br />Silvers, for the collection of all amounts due to the City of La Porte Development Corporation. <br />Action Required by Economic Development Corporation: <br />Consider approval or other action authorizing the City Attorney to initiate legal proceedings <br />against East A Developments, LP 1 and/or Garson Silvers, for the collection of all amounts due <br />to the City of La Porte Development Corporation. <br />Approved for La Porte Development Corporation Agenda <br />Steve Gillett, City Managerdate <br /> <br />