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<br />REQUEST FOR CITY COUNCIL AGENDA ITEM <br /> <br />Agenda Date Requested: 1/10/11 <br />Requested By: Stacey Osborne <br />Department: CMO <br /> <br />Appropriation <br /> <br />Ordinance: <br /> <br />Source of Funds: SOURCE <br />Account Number: 038-6030-565.90-15 <br />Amount Budgeted: $180,000 <br />Amount Requested: $180,000 <br />Budgeted Item: ~ NO <br /> <br />Report: <br /> <br />Resolution: <br /> <br />Exhibits: Tear-sheet- PH- 11.15.2010 <br /> <br />SUMMARY & RECOMMENDATION <br /> <br />Section 5.04 of the La Porte Development Corporation bylaws require that the La Porte City Council approve all <br />expenditures of the La Porte Development Corporation which exceed $15,000.00. At its November 15, 2010 <br />meeting the Development Corporation held a public hearing and voted to approve the expenditure of $180,000 to <br />fund the installation of bulkheads at the City of La Porte Golf Course. The funding was subject to a 6O-day waiting <br />period, which began with the Notice of Public Hearing on November 7,2010. <br /> <br />The 60-day waiting period for the project concluded on January 6, 2011. With Council's approval, the EDC can <br />move forward with funding the projects as described at the Public Hearing on November 15, 2010. <br /> <br />-_."."'''''.._---,.-----~'''-----_.. <br /> <br />Action Required bv Council: <br /> <br />Authorize the expenditure of $180,000 by the La Porte Economic Development Corporation to fund the installation <br />of bulkheads at the City of La Porte Golf Course. <br /> <br /> <br /> <br />Ron Bottoms, City Manager <br /> <br />I(V!", <br /> <br />date <br />