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05-13-14 Fiscal Affairs Committee Meeting minutes
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05-13-14 Fiscal Affairs Committee Meeting minutes
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City Meetings
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Fiscal Affairs Committee
Meeting Doc Type
Minutes
Date
5/13/2014
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eligible at a later date for the remaining balance or up to an additional $25,000.00. Mr. Livingston <br /> responded the Board can re-visit for a Phase Two of the project at a later date for the remaining <br /> balance up to the $25,000.00. Board member Ojeda asked if the property is sold, can another owner <br /> request funding for an enhancement grant. City Manager Corby Alexander responded it is a policy <br /> decision the Board will have to address. Board member Ojeda suggested the discussion be included <br /> at the upcoming workshop meeting. <br /> Board member Woodard advised language for paving is not listed as one of the eligible projects in <br /> the La Porte Enhancement Grant Guidelines. Mr. Livingston responded the language can be included <br /> in the guidelines and discussed at the upcoming workshop meeting. <br /> Board member Ojeda moved to approve an enhancement grant amount not to exceed $16,759.93 to <br /> David or Sharon Tindle, owners of Oak Center at 1000 S. Broadway, and reserve$8,240.07 for future <br /> facade improvements. Vice-President Cooksley seconded. MOTION PASSED. <br /> Ayes: President Warren, Vice-President Cooksley, Board members <br /> Ojeda, Woodard, Clausen and Martin <br /> Nays: None <br /> Absent: Board member Engelken <br /> 3. DISCUSSION OR OTHER ACTION <br /> (a) Discussion or other action regarding the Proposed Budget for Fiscal Year 2015-2016 — S. <br /> Livingston <br /> Economic Development Coordinator Scott Livingston presented a summary of the Proposed Budget <br /> for Fiscal Year 2015-2016 and advised there is a balance of$209,090.74 in the Enhancement Grant <br /> Account before paying outstanding commitments. In addition, Mr. Livingston advised additional funds <br /> can be transferred to the program, if desired. <br /> Board member Woodard questioned if the La Porte Development Corporation is named in the <br /> MuniServices contract. Finance Director Michael Dolby responded the City of La Porte is named in <br /> the contract. Board member Woodard asked how the amount of sales tax owed to the City is <br /> identified. Mr. Dolby responded the State Comptroller's Office. Board member Woodard requested a <br /> copy of the contract be sent to Board members. <br /> Board member Woodard asked if membership to the International Economic Development Council is <br /> a necessary membership. Economic Development Coordinator Scott Livingston responded yes, if he <br /> is to become certified as an Economic Developer. <br /> Board member Martin commented it will be in the best interest of the City for the La Porte <br /> Development Corporation Board to obtain accreditation and asked if it is included in the proposed <br /> budget. Mr. Livingston responded no, the funds for the accreditation can be added to the Proposed <br /> Budget for Fiscal Year 2015-2016, and advised he will gather an outline for the program for Board <br /> members' review. <br /> Board member Woodard asked if the By-laws can be reviewed at the upcoming workshop meeting. <br /> Economic Development Coordinator Scott Livingston responded yes. <br /> Vice-President Cooksley questioned the last time funds were transferred into the Enhancement Grant <br /> Account and from which account were the funds transferred. Mr. Livingston responded September <br /> 2013, and from the 4B General Fund. <br /> Page 2 of 3 <br /> May 13,2015, La Porte Development Corporation Board Minutes <br />
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