09-02-1982 Industrial Development Corporation Board of Directors Regular Meeting

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(3) Completed applications shall be copied and furnished to each member of the Board for inspection at least seven (7) days prior to the meeting at which it will be con- sidered. (4) The applicant shall have fifteen (15) minutes for a presentation of its appli- cation before the Board. Only one appli- cant may speak at a time. Following the presentation, the Board will meet privately with the applicants, if such a meeting is deemed necessary by the Board. (5) Although advised by legal counsel that the open meetings law does not apply to the City of La Porte Industrial Development Corporation, the Board determined to volun- tarily comply with the open meetings law, and directed that notice of its meetings be posted, that the newspapers be informed of the meeting, and that all portions of the meeting shall be open to the public, except the portions of the meeting, (a) where the Board questions the applicant, and (b) where the Board has a discussion of the final action to be taken on the application. Upon motion duly made, seconded and carried by unanimous vote, the Board established the first Thursday of each month at 7:OO P.M., at La Porte City Hall, as the regular date, time, and place for its Board meetings. A second monthly meeting may be called, if deemed necessary by the Board to handle pending applications. The standard agenda for each meeting shall be as follows: (1) Approve minutes of prior meeting; (2) Old business; (3) New business: Consider pending loan applications; (4) Any other business which may come before the meeting; (5) Adjourn. -2-