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related thereto, for the transfer of 912W. Main Street to Marty Campise and Joe Bertugliafor the <br />development of medical/office space and retail space.BoardmemberCooksleyseconded. <br />MOTION PASSED. <br />Ayes: President Warren and Board members Engelken, Clausen and <br />Cooksley <br />Nays: None <br />Absent:Board members Zemanek, Clausen and Ojeda <br />4. <br />Consider approval or other action to authorize the La Porte Development Corporation Board <br />president to negotiate and execute a purchase and sale agreement, and any necessary <br />agreements and instruments related thereto, for the transfer of 911and915 S. 8th Streetfrom the <br />City ofLaPortetotheLaPorte Development Corporation, acting as an independent foundation, for <br />the resale of such property to G Force Development, Inc. for the development of office space <br />and for the La Porte Development Corporation Board president to negotiate and execute a <br />purchase and sale agreement, and any necessary agreements and instruments related thereto, for <br />the transfer of 911 and 915 S. 8th Streetto G Force Development, Inc.for the development of office <br />space –T. Leach <br />Assistant City Manager Traci Leach presented a summary. <br />Board member Engelkenmoved toauthorize the La Porte Development Corporation Board <br />president to negotiate and execute a purchase and sale agreement, and any necessary <br />agreements and instruments related thereto, for the transfer of 911and915 S. 8th Streetfrom the <br />City ofLaPortetotheLaPorte Development Corporation, acting as an independent foundation, for <br />the resale of such property to G Force Development, Inc. for the development of office space <br />and for the La Porte Development Corporation Board president to negotiate and execute a <br />purchase and sale agreement, and any necessary agreements and instruments related thereto, for <br />the transfer of 911 and 915 S. 8th Streetto GForce Development, Inc.for the development of office <br />MOTION PASSED. <br />space. Board member Woodard seconded. <br />Ayes: President Warren, Board members Engelken,Woodardand <br />Cooksley <br />Nays: None <br />Absent:Board members Zemanek, Clausen and Ojeda <br />5.– <br />Set date for next meetingS. Osborne <br />th <br />Board members set the next meeting date for the 10of September, 2012,at 5:00p.m. to discuss <br />possible consideration of an enhancement grant. <br />6. <br />Board member comments regarding matters appearing on agenda; recognition of community <br />members, city employees, and upcoming events; inquiry of staff regarding specific factual <br />information or existing policies. <br />Board member Woodard asked for an update on the Sylvan Beach Pavilion. City Secretary Patrice <br />Fogarty andEconomic Development Coordinator Osbornadvised there is agroundbreaking <br />ceremony on September 5, 2012,at 10:00 a.m. for the pavilion. <br />7. <br />Executive Session -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 <br />Act,Title 5, Chapter 551, of the Texas Government Code. <br />There was no executive session. <br />Page 2of 3 <br />August 14, 2012, La Porte Development Corporation Board Minutes <br /> <br />