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Ayes: Board members Engelken, Woodard, Ojeda, Clausen and <br />Zemanek <br />Nays: None <br />Absent: President Warren and Vice -President Cooksley <br />5. Consider approval or other action to move forward with an incentive grant request in an amount not <br />to exceed $66,000.00 to Rob Johnson Interests for a new Retail Development — S. Livingston <br />Economic Development Coordinator Scott Livingston presented a summary. <br />Board member Woodard questioned if there was an environmental impact study on the former Jay <br />Marks Chevrolet property considering the number of hydraulic lifts that were located on the <br />property. City Manager Corby Alexander advised the City would not consummate an agreement <br />until Mr. Johnson has closed on the property with it properly funded. <br />Board member Clausen asked whether funds would be appropriated for the incentive grant after the <br />project is complete. Economic Development Coordinator Scott Livingston responded yes, the <br />incentive is tied to performance and development. <br />Board member Zemanek implied if Mr. Johnson is not awarded the $66,000.00 incentive grant, <br />would an agreement for a new Retail Development be prevented. Board member Zemanek then <br />commented he would like to see Mr. Johnson close on the property before awarding an incentive <br />grant. <br />Board member Woodard commented he would ask Mr. Rob Johnson to attend a future meeting and <br />introduce himself to the Board members. <br />Board member Engelken moved to table the item for another time when a representative or Mr. <br />Johnson can be present. Board Zemanek seconded. MOTION PASSED. <br />Ayes: Board members Engelken, Woodard, Ojeda, Clausen and <br />Zemanek <br />Nays: None <br />Absent: President Warren and Vice -President Cooksley <br />6. Consider approval or other action authorizing the Board President to execute an Economic <br />Development Incentive Agreement between the La Porte Development Corporation and LP Group, <br />LLC (Intergulf Corporation) for use of Type B Development Corporation Sales Tax Funds — S. <br />Livingston <br />Economic Development Coordinator Scott presented a summary. <br />Board member Woodard moved to authorize the Board President to execute an Economic <br />Development Incentive Agreement between the La Porte Development Corporation and LP Group, <br />LLC (Intergulf Corporation) for use of Type B Development Corporation Sales Tax Funds. Board <br />member Zemanek seconded. MOTION PASSED. <br />Ayes: Board members Engelken, Woodard, Ojeda, Clausen and <br />Zemanek <br />Nays: None <br />Absent: President Warren and Vice President Cooksley <br />Page 2 of 4 <br />June 10, 2013, La Porte Development Corporation Board Minutes <br />