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Board member Clausen moved to authorize Board President Richard Warren to sign and execute a <br />development agreement with Lettie Sanchez, for an enhancement grant project in an amount not to <br />exceed $7,559.73 for property located at 912 W. Main. Board member Ojeda seconded the motion. <br />MOTION PASSED UNANIMOUSLY 7/0. <br /> <br />(b) Consider approval or other action authorizing the Board President Richard Warren to sign and <br />execute a development agreement with Margaret Lindsey Russell for an enhancement grant <br />th <br />project in an amount not to exceed $25,000.00 for property located at 1026 S. 8 Street La Porte, <br />Texas T. Leach <br />Assistant City Manager Traci Leach presented a summary. Board member Ojeda asked if the business <br />is currently for sale. Ms. Russell responded yes. <br /> <br />Board member Engelken asked if the business is for sale and the Board approves the development <br />agreement, how it will affect the new owner. <br /> <br />Assistant City Attorney Clark Askins advised there is a clause in the agreement saying a new owner <br />cannot be reassigned to the development agreement without written consent of the La Porte <br />Development Corporation Board and suggested if there is a new owner, the agreement come back to <br />the Board. <br /> <br />Board member Ojeda commented she has a problem with approving the development agreement <br />knowing the business will be sold. <br /> <br />Board member Woodard moved to authorize Board President Richard Warren to sign and execute a <br />development agreement with Margaret Lindsey Russell for an enhancement grant project in an amount <br />th <br />not to exceed $25,000.00 for property located at 1026 S. 8 Street La Porte, Texas. President Warren <br />seconded. MOTION FAILED. <br /> Ayes: President Warren, Board members Woodard and Clausen <br />Nays: Vice-President Ojeda, Board members Engelken, Fuller and <br />Guerrero <br /> Absent: None <br /> <br />(c) Consider approval or other action regarding the appointment of a President and Vice-President for <br />the Board of the La Porte Development Corporation T. Leach <br />Assistant City Manager Traci Leach presented a summary. Vice-President Ojeda nominated Board <br />member Engelken, but he declined. <br /> <br />Board member Engelken moved to keep as is, with Richard Warren as President and Nancy Ojeda as <br />Vice-President. Board member Clausen seconded the motion. MOTION PASSED UNANIMOUSLY 7/0. <br />Vice-President Ojeda left the meeting at 5:24 p.m. <br /> <br />(d) Consider approval or other action designating projects of the La Porte Development Corporation <br />and authorize Staff to publish public hearing notice for December 12, 2016 T. Leach <br /> <br />Assistant City Manager Traci Leach presented a summary. <br /> <br />Page 2 of 3 <br />September 26, 2016, La Porte Development Corporation Board Minutes <br />4 <br /> <br />