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<br />REQUEST FOR LA PORTE ECONOMIC DEVELOPMENT CORPORATION AGENDA ITEM <br /> <br />Agenda Date Requested: 8/23/10 <br />Requested By: Stacey Osborne <br />Department: <br /> <br />Aoorooriation <br />Source of Funds: <br />Account Number: <br /> <br />Report: Resolution: <br /> <br />Ordinance: <br /> <br />Amount Budgeted: <br />Amount Requested: <br />Budgeted Item: YES NO <br /> <br />SUMMARY & RECOMMENDATION <br /> <br />The 2010/2011 Budget went before Council the week of August 9, 2010. Account 038 is funded by the Y2 cent Type <br />B Sales Tax that this Board oversees. We would like you to review the budget summary and let us know of any <br />questions, problems or concerns you may have. <br /> <br />During the Budget Hearings with City Council, the management of the Golf Course expressed a need for additional <br />bulkheads to be installed. Council requested that $180,000 of the cost of those bulkheads come from the Economic <br />Development Corporation. If this is amenable to you, we will need to include that expenditure in the 2010-2011 <br />budget. <br /> <br />After the workshop we would like the Board to consider action adopting the 2010-2011 budget for the La Porte <br />Development Corporation Board prior to us submitting the Budget for a public hearing and Council's ratification in <br />September. <br /> <br />Action Reauired bv Economic DeveloDment CorDoration: <br /> <br /> <br />rovid guidance to staff and consider action approving the budget. <br /> <br />8 11"1 /'D <br />~ <br />