12-09-13 Meeting of the La Porte Development Corporation Board of Directors

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Board member Ojeda questioned if any of the employees were coming from Beaumont, Texas. Mr. Sims responded none from Beaumont, several from the Deer Park/Pasadena area, Mont Belvieu, and one from Orange. Board member Engelken questioned the number of full time jobs. Mr. Sims responded 90,000 employees at the end of the third year. Board member Clausen moved to approve the proposed incentive grant request in an amount not to exceed $15,000.00 to the Richard Industrial Group to open a new office and relocate and/or hire at least 75 full-time employees in La Porte. Board member Martin seconded. Ayes: President Warren, Vice -President Cooksley, Board members Clausen, Martin, Woodard, Engelken and Ojeda Nays: None Absent: None 4. SET DATE FOR NEXT MEETING — S. Livingston Board members set the next meeting date for January 13, 2014, at 5:00 p.m. 5. STAFF REPORTS (a) Receive Financial Report — M. Dolby Finance Director Michael Dolby presented the Financial Report and provided an estimate of the year end Fund Balance after commitments to Project Nebula, Intergulf, and Rob Johnson Interests. 6. BOARD MEMBER COMMENTS regarding matters appearing on agenda; recognition of community members, city employees, and upcoming events; inquiry of staff regarding specific factual information or existing policies. There were no comments. 7. ADJOURN There being no further business, at 5:20 p.m. Board member Vice -President Cooksley moved to adjourn the meeting. Board member Woodard seconded. MOTION PASSED. Ayes: President Warren, Vice -President Cooksley, Board members Clausen, Martin, Woodard, Engelken, and Ojeda Nays: None Absent: None ectfully submitted, Patrice Fogarty, it Secreta Passed and approved on this 13th day of January, 2014. .Z�1� Presidelit Richard Warren Page 2 of 2 December 9, 2013, La Porte Development Corporation Board Minutes