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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 4.65 out of a maximum possible score of 5.0.  Please see the enclosed Committee gave this project a score of 4.65 out of a maximum possible score <br /> of 5.0.  Please see the enclosed <br />“Evaluation SummaryEvaluation Summary””for additional detail. for additional detail.  <br />Should the Board approve this enhancement grant request, this item of business would also need to go before the Should the Board approve this enhancement grant request, this item of <br /> business would also need to go before the <br />City Council for approval, since the amount of the Enhancement Grant is greater than $25,000.  For additional City Council for approval, since the amount of the Enhancement Grant is <br /> greater than $25,000.  For additional <br />information, please refer to page #7 of the LPDCinformation, please refer to page #7 of the LPDC’’s Bylaws, which were revised on 9 February 2015. (Enclosed). s Bylaws, which were revised <br /> on 9 February 2015. (Enclosed).  <br /> Also, under advice from Assistant City Attorney Clark Askins, a new development agreement, which is intended  Also, under advice from Assistant City Attorney Clark Askins, a new development <br /> agreement, which is intended <br />to be used with each future project under the La Porte Enhancement Grant Program, was created and executed to be used with each future project under the La Porte Enhancement Grant Program, <br /> was created and executed <br />as part of this application (exhibit attached).  In order for this proposed project to move forward, the owner of the as part of this application (exhibit attached).  In order for this <br /> proposed project to move forward, the owner of the <br />property must sign, execute, and return an original copy of this development agreement to be included in the City property must sign, execute, and return an original copy of this development <br /> agreement to be included in the City <br />Council’s meeting packet. s meeting packet.  <br /> Edwin Brotamonte is prepared to give a brief presentation regarding this project and address any questions the  Edwin Brotamonte is prepared to give a brief presentation regarding this <br /> project and address any questions the <br />Board might have about this proposed project. 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 approval or other action to offer an enhancement grant for an amount not to exceed $42,057.86 to Consider approval or other action to offer an enhancement grant for an amount <br /> not to exceed $42,057.86 to <br />Brotamonte Asset 1, LLC, to be awarded at the completion of the project, conditional upon receipts and the Brotamonte Asset 1, LLC, to be awarded at the completion of the project, conditional <br /> upon receipts and the <br />completion of work as indicated.completion of work as indicated. <br />Approved for the La Porte Development Corporation AgendaApproved for the La Porte Development Corporation Agenda <br />Corby D. Alexander, City ManagerCorby D. Alexander, City ManagerDateDate <br /> <br />