02-23-15 Meeting of the La Porte Development Corporation Board of Directors

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REQUEST FOR LA PORTE DEVELOPMENT CORPORATION AGENDA REQUEST FOR LA PORTE DEVELOPMENT CORPORATION AGENDA ITEMITEM February 23, 2015February 23, 2015AppropriationAppropriation Agenda Date Requested:Agenda Date Requested: CIP 0159892993 CIP 0159892993 Scott D. Livingston Scott D. Livingston Source of Funds:Source of Funds: Requested By:Requested By: Account Number:Account Number: Economic Development/Tourism Economic Development/Tourism Department: Amount Budgeted:Amount Budgeted: Report:Resolution:Resolution:Ordinance:Ordinance: 9338.94 9338.94 Amount Requested:Amount Requested: Exhibits: Budgeted Item:Budgeted Item:YESYESNONO 1. Applicants Original Enhancement Grant 1. Applicants Original Enhancement Grant ApplicationApplication 2. Project Cost Summary2. Project Cost Summary 3. Receipts and Checks with Highlights3. Receipts and Checks with Highlights 4. Presentation4. Presentation--AFTERAFTER SUMMARY & RECOMMENDATIONSSUMMARY & RECOMMENDATIONS Ronda Stockton has completed each of the five (5) projects that the 4B Board approved on 17 November 2014 for Ronda Stockton has completed each of the five (5) projects that the 4B Board approved on 17 November 2014 for an amount not to exceed $9,392.98. She has submitted paid receipts and copies of cancelled checks for all the an amount not to exceed $9,392.98. She has submitted paid receipts and copies of cancelled checks for all the completed projects. According to the terms of the enhancement grant program, Ronda is eligible to receive a 50% completed projects. According to the terms of the enhancement grant program, Ronda is eligible to receive a 50% reimbursement for all prereimbursement for all pre--approved project expenses in the amount of $9,338.94 as follows:approved project expenses in the amount of $9,338.94 as follows: Windows $3,150.55 Windows $3,150.55 Fencing $ 655.00Fencing $ 655.00 Landscaping $3,269.70Landscaping $3,269.70Landscaping $3,269.70Landscaping $3,269.70 Irrigation $1,100.00Irrigation $1,100.00 Lighting $1,163.69Lighting $1,163.69 Please note the enclosed excel spreadsheet called Please note the enclosed excel spreadsheet called Cost SummaryCost Summaryfor additional details. for additional details. The sum requested for reimbursement is $54.04 less than the not to exceed, authorized amount because of the The sum requested for reimbursement is $54.04 less than the not to exceed, authorized amount because of the following reasons:following reasons: The original bids submitted for The original bids submitted for fencesfencesand and windowswindowsdid not show whether or not sales tax had been did not show whether or not sales tax had been included in the estimates.included in the estimates. Staff added the applicable sales tax to these two bids to ensure the applicant would receive credit for Staff added the applicable sales tax to these two bids to ensure the applicant would receive credit for possible sales tax due on each project.possible sales tax due on each project. The final invoices were equal to the original estimates. Therefore, it appears that sales tax was included in The final invoices were equal to the original estimates. Therefore, it appears that sales tax was included in the original estimates.the original estimates. The applicant paid less for The applicant paid less for fencesfencesand and windowswindowsthan what staff anticipated, so the 4B Boardthan what staff anticipated, so the 4B Boards s contribution for these two (2) items also decreases.contribution for these two (2) items also decreases.