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REQUEST FOR LA PORTE DEVELOPMENT CORPORATION AGENDA REQUEST FOR LA PORTE DEVELOPMENT CORPORATION AGENDA
<br />ITEMITEM
<br />February 9, 2015February 9, 2015AppropriationAppropriation
<br />Agenda Date Requested:Agenda Date Requested:
<br />CIP #015CIP #015--98929892--993 993
<br />S. Livingston S. Livingston Source of Funds:Source of Funds:
<br />Requested By:Requested By:
<br />N/A N/A
<br />Economic Development/Tourism Economic Development/Tourism Account Number:Account Number:
<br />Department:
<br />N/A N/A
<br />Amount Budgeted:Amount Budgeted:
<br />Report:Resolution:Resolution:Ordinance:Ordinance:
<br />$25,000.00 $25,000.00
<br />Amount Requested:Amount Requested:
<br />Exhibits:
<br />Budgeted Item:Budgeted Item:YESYESNONO
<br />1. Project Presentation1. Project Presentation
<br />2. Bid Sheet Summary2. Bid Sheet Summary
<br />3. Enhancement Grant Application3. Enhancement Grant Application
<br />4. Enhancement Grant Evaluation Summary4. Enhancement Grant Evaluation Summary
<br />5. La Porte Enhancement Grant Guidelines and 5. La Porte Enhancement Grant Guidelines and
<br />Map
<br />SUMMARY & RECOMMENDATIONSSUMMARY & RECOMMENDATIONS
<br />The Enhancement Grant Review Committee reviewed an Enhancement Grant Application from The Enhancement Grant Review Committee reviewed an Enhancement Grant Application from
<br />Eagle Energy Eagle Energy
<br />, which is the new owner of the , which is the new owner of the Alamo buildingAlamo buildingat 153 S. Broadway. Although the applicant at 153 S. Broadway. Although the applicant
<br />
<br />Resources, LLCResources, LLC
<br />is planning to enhance all four (4) sides of the buildingis planning to enhance all four (4) sides of the buildings exterior, the applicant collected three (3) bids from s exterior,
<br /> the applicant collected three (3) bids from
<br />general contractors to complete each of the five (5) primary projects on general contractors to complete each of the five (5) primary projects on (i.e. the front side facing (i.e. the
<br /> front side facing
<br />only the west only the west
<br />S. Broadway) (i.e. the side facing East Street/San Jacinto Ave.) (i.e. the side facing East Street/San Jacinto Ave.) of the building: (a) 'Stucco of the building: (a) 'Stucco
<br />
<br />and southand southsidessides
<br />Work/Façade Repair', (b) 'Painting', (c) 'Doors', (d) 'Canopy Work', and (e) 'Exterior Lighting'. The applicant Work/Façade Repair', (b) 'Painting', (c) 'Doors', (d) 'Canopy Work',
<br /> and (e) 'Exterior Lighting'. The applicant
<br />secured three (3) additional bids for ornamental secured three (3) additional bids for ornamental Texas StarsTexas Starsthat will be installed on the buildingthat will be installed
<br /> on the buildings exterior.s exterior.
<br />The general contractor which offered the lowest bid for the five (5) work projects to be completed wasThe general contractor which offered the lowest bid for the five (5) work projects
<br /> to be completed was
<br /> CLS CLS CLS CLS
<br />for for . The lowest bid to manufacture and ship the . The lowest bid to manufacture and ship the Texas StarsTexas Starswas was
<br />Builders, Inc. $48,257$48,257Iron Designs and Iron Designs and
<br /> for . .
<br />Signs$2,368.90$2,368.90
<br />The sum total of these two, lowest bids is The sum total of these two, lowest bids is , and 50% of this sum is , and 50% of this sum is . Please see the . Please see the Bid
<br />$50,625.90$50,625.90$25,312.95$25,312.95
<br />Sheet SummarySheet Summaryfor details. The maximum amount allowed per property owner through the La Porte for details. The maximum amount allowed per property owner through the La Porte
<br />
<br />Enhancement Grant Program is Enhancement Grant Program is . Therefore, the maximum amount to be reimbursed for this project . Therefore, the maximum amount to be reimbursed for this
<br /> project
<br />$25,000$25,000
<br />would be . .
<br />$25,000$25,000
<br />The Enhancement Grant Evaluation Committee reviewed this enhancement project and believes that this project The Enhancement Grant Evaluation Committee reviewed this enhancement project
<br /> and believes that this project
<br />will encourage similar rewill encourage similar re--development throughout the community of La Porte. The Enhancement Grant Evaluation development throughout the community of La Porte.
<br /> The Enhancement Grant Evaluation
<br />Committee gave this project a score of 4.75 out of a maximum possible score of 5.0. Please see the enclosed Committee gave this project a score of 4.75 out of a maximum possible score
<br /> of 5.0. Please see the enclosed
<br />Evaluation SummaryEvaluation Summaryfor additional detail. for additional detail.
<br />The applicant is prepared to give a brief presentation regarding this project, and the applicant will be available to The applicant is prepared to give a brief presentation regarding
<br /> this project, and the applicant will be available to
<br />address any questions the 4B Board might have about this proposed project. address any questions the 4B Board might have about this proposed project.
<br />Action Required by the La Porte Development Corporation:Action Required by the La Porte Development Corporation:
<br />Consider approving a grant amount not to exceed Consider approving a grant amount not to exceed to to , to be awarded at , to be awarded at
<br />$25,000$25,000Eagle Energy Resources, LLCEagle Energy Resources, LLC
<br />the completion of the project, conditional upon receipts and the completion of work as indicated.the completion of the project, conditional upon receipts and the completion of work as
<br /> indicated.
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