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MINUTES <br />OF THE <br />LA PORTE INDUSTRIAL DEVELOPMENT CORPORATION <br />APRIL 12, 1984 <br />1. The meeting was called to order by President Virginia Cline <br />at 5:30 P.M. <br />Members present: Virginia Cline, Walter Springall, John <br />Longley, E. W. Felscher, Jerry Dennis, Jack Lawler <br />Members absent: Robert White <br />Others present: David Lail (bond attorney), Herb McElveen, <br />Walker Nichols, Decker McKim, John Phenix <br />2. The application for financing and inducement resolution <br />for Bayport Joint Venture was considered. <br />Mr. Walker Nichols presented plans for the project, which <br />will consist of mini -storage warehouses and a six -bay car <br />wash; also other development plans in La Porte that he has. <br />Mr. Nichols answered questions presented by the Board as to <br />meeting the guidelines as set forth for the issuance of <br />industrial revenue bonds. <br />After discussion, motion was made and seconded that the ap- <br />plication for financing and the inducement resolution by <br />approved. The motion carried, 4 ayes, 2 nays. <br />Ayes: Cline, Springall, Longley, Lawler <br />Nays: Felscher, Dennis <br />3. There being no further business, the meeting duly adjourned. <br />Respectfully submitted: <br />Acting Secretary <br />Passed & Approved this the <br />21st day of May, 1984 <br />Virginia Cline, President <br />