01-11-16 Meeting of the La Porte Development Corporation Board of Directors

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RICHARD WARREN, PRESIDENTRICHARD WARREN, PRESIDENTMIKE CLAUSEN, BOARD MEMBERMIKE CLAUSEN, BOARD MEMBER MIKE COOKSLEY, VICEMIKE COOKSLEY, VICE--PRESIDENTPRESIDENTRANDY WOODARD, BOARD MEMBERRANDY WOODARD, BOARD MEMBER JAY MARTIN, BOARD MEMBERJAY MARTIN, BOARD MEMBERNANCY OJEDA, BOARD MEMBERNANCY OJEDA, BOARD MEMBER CHUCK ENGELKEN, BOARD MEMBERCHUCK ENGELKEN, BOARD MEMBER CITY OF LA PORTE DEVELOPMENT CORPORATION MEETING AGENDACITY OF LA PORTE DEVELOPMENT CORPORATION MEETING AGENDA Notice is hereby given of a meeting of the City of La Porte Development Corporation to be held on Notice is hereby given of a meeting of the City of La Porte Development Corporation to be held on January 11, 2016January 11, 2016, at the City Hall Council Chambers, 604 W. Fairmont Parkway, La Porte, Texas, , at the City Hall Council Chambers, 604 W. Fairmont Parkway, La Porte, Texas, beginning at 5:00 PM to consider the following items of business:beginning at 5:00 PM to consider the following items of business: 1.CALL TO ORDERCALL TO ORDER 2.CONSENT AGENDACONSENT AGENDA (All consent agenda items are considered routine by the La Porte (All consent agenda items are considered routine by the La Porte Development Corporation Board and will be enacted by one motion. There will be no separate Development Corporation Board and will be enacted by one motion. There will be no separate discussion of these items unless a Board member requests an item be removed and considered discussion of these items unless a Board member requests an item be removed and considered separately)separately) Consider approval or other action of minutes of the La Porte Development Corporation Consider approval or other action of minutes of the La Porte Development Corporation (a) Board meeting held on December 14, 2015 Board meeting held on December 14, 2015 -- P. Fogarty P. Fogarty Receive Financial Report Receive Financial Report -- S. Livingston S. Livingston (b) 3.AUTHORIZATIONSAUTHORIZATIONS Consider approval or other action authorizing an enhancement grant in an amount not to Consider approval or other action authorizing an enhancement grant in an amount not to (a) exceed $42,057.86 payable to Brotamonte Asset 1, LLC., and associated development exceed $42,057.86 payable to Brotamonte Asset 1, LLC., and associated development agreement, for infrastructure improvements to apartment building complex located at 315 N. agreement, for infrastructure improvements to apartment building complex located at 315 N. 2nd Street with payment to be remitted at the completion of the project 2nd Street with payment to be remitted at the completion of the project -- S. Livingston S. Livingston Consider approval or other action authorizing an incentive grant in an amount not to exceed Consider approval or other action authorizing an incentive grant in an amount not to exceed (b) $250,000.00 payable to Fischer's Hardware, Inc., and associated development agreement, $250,000.00 payable to Fischer's Hardware, Inc., and associated development agreement, for infrastructure improvements to property located at 1010 S. Broadway Street, with for infrastructure improvements to property located at 1010 S. Broadway Street, with payment to be remitted at the completion of the project payment to be remitted at the completion of the project -- S. Livingston S. Livingston Consider approval or other action to adopt proposed amendments to the ByConsider approval or other action to adopt proposed amendments to the By--Laws of the (c) La Porte Development Corporation and forward proposed amendments to the corporation's La Porte Development Corporation and forward proposed amendments to the corporation's byby--laws to the City Council for consideration laws to the City Council for consideration -- S. Livingston S. Livingston 4.SET DATE FOR NEXT MEETING SET DATE FOR NEXT MEETING -- S. Livingston S. Livingston 5.Board member comments regarding matters appearing on agenda; Recognition of Board member comments regarding matters appearing on agenda; Recognition of community members, city employees, and upcoming events; inquiry of staff regarding community members, city employees, and upcoming events; inquiry of staff regarding specific factual information or existing policies.specific factual information or existing policies. 6.AdjournAdjourn The La Porte Development Corporation Board reserves the right to meet in closed session on any The La Porte Development Corporation Board reserves the right to meet in closed session on any agenda item should the need arise and if applicable pursuant to authorization by Title 5, Chapter 551, agenda item should the need arise and if applicable pursuant to authorization by Title 5, Chapter 551, of the Texas Government Code (the Texas open meetings laws).of the Texas Government Code (the Texas open meetings laws).