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(d) Presentation, discussion, and possible action to approve Project G, an incentive project <br />in an amount not to exceed $700,000.00 for new/expanded business enterprise at 1230 <br />Independence Parkway. [Ryan Cramer, Economic Development Coordinator] <br />Eric Geisler, EDFP, President of Economic Incentive Services, LLC, introduced Cindy Vargas, <br />representative of INEOS, and both spoke concerning a potential styrene monomer development. <br />Assistant City Attorney Askins noted the incentive agreement needs to be revised in writing and <br />brought back to the board along with a mandatory public hearing and recommended April 8, <br />although the board could approve the project tonight, if it chose. <br />Board member Earp moved to approve Project G for future consideration and for staff to proceed <br />with the incentive agreement and public hearing: the motion was adopted unanimously, 7-0. <br />(e) Presentation, discussion, and possible action to grant J.J. Meza the sum of $5,417.74 for <br />a fagade enhancement grant for building in the 700 Block of West Main Street, to be <br />remitted upon completion of the project. [Ryan Cramer, Economic Development <br />Coordinator] <br />Board member Ojeda moved to approve Part 2 of the enhancement grant and grant J. J. Meza <br />the sum of $3848.11 for a facade enhancement grant for building in the 700 Block of West Main <br />Street, to be remitted upon completion of the project: the motion was adopted unanimously, 7-0. <br />3. SET DATE FOR NEXT MEETING <br />Without objection, the next meeting was set for April 22, 2019. <br />4. Board Comments - Hear announcements concerning matters appearing on the <br />agenda; items of community interest; and/or inquiries of staff regarding specific <br />factual information or existing policy from the Committee members and City staff, for <br />which no formal action will be discussed or taken. <br />The Board asked for direction on policy to review. <br />5. ADJOURN — Without objection, the meeting was adjourned at 5:51 p.m. <br />Lee Woodward, City Secretary <br />Page 2 of 2 <br />March 25, 2019, La Porte Development Corporation Board Minutes <br />