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Economic Development Coordinator Scott Livingston advised Board members, Tax Abatement is a <br />difficult process but payments can be given in lieu of the Texas Local Government, Chapter 380 <br />through the La Porte Development Corporation Board. <br />Board member Clausen commented his decision for lending is based on when the La Porte <br />Development Corporation Board reviews a project, decide on an amount to be given for the project <br />and also considers the payback period for the investment. <br />Economic Development Coordinator Scott Livingston commented staff will use the Project Score <br />Card as a tool when preparing incentive proposals for their consideration. <br />4. SET DATE FOR NEXT MEETING — S. Livingston <br />Board members set the next meeting date for Monday, September 22, 2014 at 4:45 p.m. <br />5. BOARD MEMBER COMMENTS regarding matters appearing on agenda; recognition of community <br />members, city employees, and upcoming events; inquiry of staff regarding specific factual <br />information or existing policies. <br />There were no comments. <br />6. EXECUTIVE SESSION — The La Porte Development Corporation reserves the right to meet in <br />executive session on any agenda item should the need arise and if authorized by the Texas Open <br />Meetings Act, Title 5, Chapter 551, of the Texas Government Code. <br />There was no executive session. <br />7. RECONVENE into regular session and consider action, if any, on items discussed in executive <br />session. <br />There was no executive session. <br />8. ADJOURN <br />There being no further business, Board member Engelken moved to adjourn the meeting at 6:38 <br />p.m. Board member Woodard seconded. MOTION PASSED. <br />Respectfully ssugbmitted, <br />/l, <br />Sharo O(IjAW,) <br />Harris, Assistant City Secretary <br />Passed and approved on this 22"d day of September, 2014. <br />PresidenkAichard Warren <br />Page 3 of 3 <br />August 18, 2014, La Porte Development Corporation Board Minutes <br />