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<br />:JteWl -tcvb/~ uf11i ) <br />(\4+ M.fu <br /> <br />REQUEST FOR LA PORTE ECONOMIC DEVELO~NT CORPORATION AGENDA ITEM <br /> <br />Agenda Date Requested: January 11. 2009 <br /> <br />Appropriation <br /> <br />Requested By: Stacey Osborne <br /> <br />Source of Funds: Community Investment <br /> <br />Department: Administration <br /> <br />Account Number: 038-6030-565-30.01 <br /> <br />Report: <br /> <br />Resolution: <br /> <br />Ordinance: <br /> <br />Amount Budgeted: $20,000 <br /> <br />Exhibits: Agreement with Bay Area Houston <br /> <br />Amount Requested: $20,000 <br /> <br />Exhibits: Proposal for Rconomic nf'vf'lopmf'nt Sf'rvicf'S <br />(Exhibit A to Agreement) <br /> <br />Budgeted Item: YES <br /> <br />NO <br /> <br />Exhibits: <br /> <br />SUMMARY & RECOMMENDATION <br /> <br />Bay Area Houston Economic Partnership has focused their efforts on providing services to the City of La Porte and <br />other cities/areas along the ship channel. Attached is the proposal of economic development services to the City of <br />La Porte from Bay Area Houston. <br /> <br />The fee is $20,000/yr payable in two installments, 151 within 30 days of effective date of Agreement and 2nd within <br />30 days of the semi-annual meeting and first progress report. <br /> <br />The term of the Agreement is for I year. It includes provisions for termination of convenience by the City and <br />termination for cause by either the City or Bay Area Houston. <br /> <br />We have found Bay Area Houston to be very open, visible and active in providing services that are specific to <br />promoting regional economic development services. They have met the expectations of the Agreement and request <br />approval for the renewal. <br /> <br /> <br />{ It ;:0 <br /> <br />Date <br />