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REQUEST FOR LA PORTE DEVELOPMENT CORPORATION AGENDA <br />ITEM <br />Agenda Date Requested: August 14, 2017 <br />Requested By: Traci Leach <br />Department: Administration <br />Report: Resolution: C Ordinance: C <br />Exhibits: <br />1.Invoice s/p m <br />2. Project Photos <br />Appropriation <br />Source of Funds: Fund 038 <br />Account Number: <br />Amount Budgeted: $11,169.86 <br />Amount Requested: $9,503.77 <br />Budgeted Item: 4, YES - NO <br />SUMMARY & RECOMMENDATIONS <br />On August 29, 2016, the Board approved an Enhancement Grant to Wayne Rutledge, Property Manager for <br />Jack's Plaza., located at 9901 W. Main (Spencer) Street in La Porte, Texas for an amount not to exceed <br />$11,169.86. The scope of work, which included lighting, new exterior paint, and new signage, has been <br />completed. <br />The total actual expenditure was slightly less than the total that was outlined by the quotes back in August. <br />The chart below compares the initial approved amount for each work item and the actual amount based on <br />invoices and checks submitted. <br />III uullllllllllllll�llllll IIIIIII VIII Iluulll <br />Sign Work Deer Park $8,660 $7,999.68 <br />Signs <br />7 <br />L' Zara LED 2 829.72 3 079.72 Added more . s. 2 invoices <br />Lighting $ � $ � , <br />incentive amount calculated on <br />actual expenditures <br />Paint Exterior Anthony $10,850 $7,928.14 Vendor changed fromproposed, <br />Remodel but at better price <br />$22 $19,007.54 <br />339.72 $ <br />The total amount spent on the project was $19,007.54. Staff has verified the supporting documentation <br />showing payment and invoices. Additionally, as required, the photos of the project are attached for the <br />Board's review. Fifty -percent of the total expenditure amount is $9,503.77 and staffrecornmends approving <br />this pay request for Mr. Rutledge's Enhancement Grant. <br />Action Required by the La Porte Development Corporation: <br />Consider approval or other action to authorize staff to execute payment in the amount of $9,503.77 to Wayne <br />Rutledge for completed infrastructure, site improvements, and other related improvements for building site at <br />9901 Spencer Hwy, in accordance with terms of incentive agreement. <br />Approved for the La Porte Development Corporation Agenda <br />