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REQUEST FOR LA PORTE ECONOMIC DEVELOPMENT CORPORATION AGENDA ITEM <br /> Appropriation <br /> Agenda Date Requested: 3/7/11 <br /> Source of Funds: <br /> Requested By: Stacey Osborne <br /> Account Number: <br /> Department: CMO <br /> Amount Budgeted: <br /> Report: Resolution: Ordinance: X <br /> Amount Requested: <br /> Exhibits: Amended EDC Bylaws Budgeted Item: YES NO <br /> Exhibits: <br /> Exhibits: <br /> SUMMARY & RECOMMENDATION <br /> At the meeting of the La Porte Economic Development Corporation (EDC) on February 7, 2011 the Board <br /> expressed an interest in amending the EDC Bylaws to state that the EDC abides by the same purchasing rules as the <br /> City of La Porte. The City Attorney's office has recommended the following provision be added as new Section <br /> 5.05, under Article V, of the Bylaws: <br /> "Purchasing <br /> 5.05 Contracts for goods or services entered into by the Corporation and requiring the <br /> expenditure of $50,000.00 or more shall be subject to competitive bidding and/or competitive <br /> proposal procedures as established in Chapter 252 of the Texas Local Government Code, for <br /> municipal purchasing." <br /> A copy of the Bylaws with the suggested language inserted is attached. <br /> Staff recommends that the EDC amend the bylaws as stated. If adopted, the amendments will be presented to the <br /> City Council for final approval, as required by Section 8.01 of the EDC Bylaws. <br /> Action Required by Economic Development Corporation: <br /> Consider the approval of the changes as recommended. <br /> Ai i r .L J or La ' o a Develo i ment Cor s oration A enda <br /> J 4,13 I( <br /> Ron Bottoms, City Manager Date <br />