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REQUEST FOR LA PORTE DEVELOPMENT CORPORATION AGENDA REQUEST FOR LA PORTE DEVELOPMENT CORPORATION AGENDA
<br />ITEMITEM
<br />December 14, 2015December 14, 2015AppropriationAppropriation
<br />Agenda Date Requested:Agenda Date Requested:
<br />ED General FundsED General Funds
<br />Scott D. LivingstonScott D. LivingstonSource of Funds:Source of Funds:
<br />Requested By:Requested By:
<br />CIP#015.9892.993.1100CIP#015.9892.993.1100
<br />Economic Development/TourismEconomic Development/TourismAccount Number:Account Number:
<br />Department:
<br />$275,972.37$275,972.37
<br />Amount Budgeted:Amount Budgeted:
<br />Report:Resolution:Resolution:Ordinance:Ordinance:
<br />Amount Amount
<br />$42,057.96$42,057.96
<br />Exhibits:
<br />Requested:Requested:
<br />1. Project Presentation Project Presentation
<br />Budgeted Budgeted
<br />YESYESNONO
<br />2. Bidder Sheet Summary Bidder Sheet Summary
<br />Item:Item:
<br />3. Enhancement Grant Evaluation Summary Enhancement Grant Evaluation Summary
<br />4. Enhancement Grant Application Enhancement Grant Application
<br />5. La Porte Enhancement Grant Guidelines, La Porte Enhancement Grant Guidelines,
<br />Revised 11Revised 11--1111--1515
<br />6. LPDC Bylaws, Revised 2 LPDC Bylaws, Revised 2--99--0909
<br />7. Development Agreement for Sylvan Beach Development Agreement for Sylvan Beach
<br />ApartmentsApartments
<br />SUMMARY & RECOMMENDATIONSSUMMARY & RECOMMENDATIONS
<br />Brotamante Asset 1, LLC, the new Owner of the Sylvan Beach Apartments, recently submitted a completed Brotamante Asset 1, LLC, the new Owner of the Sylvan Beach Apartments, recently
<br /> submitted a completed
<br />La Porte Enhancement Grant Application. Mr. Edwin BrotamonteLa Porte Enhancement Grant Application. Mr. Edwin Brotamontes application represents the first time that the s application
<br /> represents the first time that the
<br />ED Board has received an enhancement grant application from the owner of an apartment complex. ED Board has received an enhancement grant application from the owner of an apartment
<br /> complex.
<br />Both Assistant City Attorney Clark Askins and Bill Longley, Legislative Counsel for the Texas Municipal League, Both Assistant City Attorney Clark Askins and Bill Longley, Legislative
<br /> Counsel for the Texas Municipal League,
<br />believe that state statutes allow the use of economic development funds for believe that state statutes allow the use of economic development funds for infrastructureinfrastructure,
<br /> , site improvementssite improvements
<br />and other related improvementsother related improvementsto support new and expanding business enterprises, including commercial to support new and expanding business enterprises,
<br /> including commercial
<br />apartment complexes. apartment complexes.
<br /> The Enhancement Grant Review Committee reviewed an Enhancement Grant Application from the Sylvan Beach The Enhancement Grant Review Committee reviewed an Enhancement Grant Application
<br /> from the Sylvan Beach
<br />Apartments at 315 N. Second Street, which is owned by Edwin Brotamonte. The applicant collected three bids Apartments at 315 N. Second Street, which is owned by Edwin Brotamonte. The
<br /> applicant collected three bids
<br />from contractors to complete each of the following projects: (1) Paint & Wood Repair, (2) Asphalt Repair, (3) from contractors to complete each of the following projects: (1) Paint &
<br /> Wood Repair, (2) Asphalt Repair, (3)
<br />Landscaping, and (4) Signage. Landscaping, and (4) Signage.
<br /> The lowest bids for each of the project were offered as follows: The lowest bids for each of the project were offered as follows:
<br />Paint & Wood Repair Paint & Wood Repair ---- $35,785.00 $35,785.00
<br />Parking Lot Repair Parking Lot Repair ---- $35,000.00 $35,000.00
<br />Landscaping Landscaping ---- $10,000.00 $10,000.00
<br />Signage Signage ---- $3,330.72 $3,330.72
<br />The sum total of these three, lowest bids is $84,115.72, and 50% of this sum is $42,057.86. Please note the The sum total of these three, lowest bids is $84,115.72, and 50% of this
<br /> sum is $42,057.86. Please note the Bid
<br />Sheet SummarySheet Summaryfor details. Therefore, according to the terms and conditions of the La Porte Enhancement for details. Therefore, according to the terms and conditions
<br /> of the La Porte Enhancement
<br />Grant Program, this project may receive up to $42,057.86 for these eligible projects upon completion of the work Grant Program, this project may receive up to $42,057.86 for these eligible
<br /> projects upon completion of the work
<br />and proof of expenses paid. and proof of expenses paid.
<br />
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