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<br />REQUEST FOR CITY COUNCIL AGENDA ITEM/LA PORTE DEVELOPMENT <br />CORPO TION <br /> <br />Agenda Date Requested: December 11. 2006 <br /> <br /> <br />Appropriation <br /> <br />Requested By: Debra Feazelle, Municipal Consultant <br /> <br />Source of Funds: Fund 038 <br /> <br />Department: Administration <br /> <br />Account Number: 03860305655007 <br /> <br />Report: <br /> <br />Resolution: <br /> <br />Ordinance: <br /> <br />Amount Budgeted: * <br /> <br />Exhibits: <br /> <br />Agreement <br /> <br />Amount Requested: $75.000 <br /> <br />Exhibits: <br /> <br />Budgeted Item: * Approved at the <br />November 6, 2006 meeting <br /> <br />Exhibits: <br /> <br />SUMMARY & RECOMMENDATION <br /> <br />At the November 6 joint meeting of the La Porte City Council and the La Porte Development <br />Corporation, the La Porte Development Corporation authorized funds not to exceed $75,000 for <br />a consulting services agreement for a Market Study and Impact Analysis and other services <br />related to the proposed hotel project. <br /> <br />Per the La Porte Development Corporation Bylaws (excerpt attached), City Council must approve <br />contracts and expenditures over $15,000. The joint meeting agenda will include an action item for City <br />Council followed by an action item for the La Porte Development Corporation. <br /> <br />Note: the City Council Agenda for December 11 will include an appropriate budget adjustment. <br /> <br />Action Required bv Council/La Porte Development Corporation: <br /> <br />Consider approval of an agreement between the La Porte Development Corporation and <br />Consultivo Group LLC and expenditure of Corporation funds not to exceed $75,000 to fund said <br />agreement. <br /> <br /> <br />/o?/~jp~ <br />Date ( ( <br />