Laserfiche WebLink
Ayes: President Warren, Board members Woodard, Clausen Ojeda and <br />Martin <br /> Nays: None <br /> Absent: Vice-President Cooksley and Board member Engelken <br /> <br /> <br />(c) <br />Discussion and possible action regarding approval to revisions of the La Porte Enhancement Grant <br /> <br />Program S. Livingston <br />Economic Development Coordinator Scott Livingston presented a summary for revisions of the <br />La Porte Enhancement Grant Program. <br /> <br />The six (6) proposed revisions to the La Porte Enhancement Grant Program included: <br /> <br /> Add parking lot improvements including new parking lot construction, parking lot paving, parking lot re- <br />surfacing, parking space striping/painting, new parking blocks, old parking block removal, and other <br />projects as approved by the ED Board. <br /> Include prefeLocal Bidder Preference <br />Policy. <br /> Eliminate the requirement for multiple bids for each eligible project which has a value which is less <br />than $2,000, of which 50% or $1,000 would be a reimbursable expense, in accordance with the City of <br /> <br /> city limits of La Porte. <br /> Remove the clause that prohibits alterations of approved projects for a period of five (5) years. <br /> Numerous grammatical revisions or clarifications, as shown in red ink, which support the intent of the <br />previous five (5) revisions as listed above. <br />Board member Martin moved to approve the revisions of the La Porte Enhancement Grant Program. <br />MOTION PASSED <br />Board member Clausen seconded. . <br />Ayes: President Warren, Board members Woodard, Clausen Ojeda and <br />Martin <br /> Nays: None <br /> Absent: Vice-President Cooksley and Board member Engelken <br /> <br />(d) <br />Discussion and possible action regarding two new incentive programs that will promote the <br />development of new or expanded business enterprises in the City of La Porte - S. Livingston <br />Economic Development Coordinator Scott Livingston presented a summary for two new incentive <br />programs that will promote the development of new or expanded business enterprises in the City of La <br />Porte and detailed the proposed qualifications for the two programs. <br /> <br />Board member Martin questioned criteria for return on investment being proposed for an expanded <br />business and not a new business. Mr. Livingston responded for a new business it is on the pay back <br />model based on decisions by the Board for the last 4-6 months. <br /> <br />Board member Woodard commented there are not any written guidelines on pay back for projects and <br />it has been used only as a rule of thumb. Economic Development Coordinator Scott Livingston <br /> <br />Page 3 of 6 <br />August 26, 2015, La Porte Development Corporation Board Minutes <br /> <br /> <br /> <br /> <br />