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i <br /> Board member Martin moved to approve an enhancement grant amount not to exceed $25,000.00 to <br /> Eagle Energy Resources, LLC, new owner of the Alamo Building located at <br /> 153 South Broadway, to be awarded at the completion of the project. Board member Clausen <br /> seconded. MOTION PASSED. <br /> Ayes: President Warren, Board members Ojeda, Clausen, Engelken and <br /> Martin <br /> Nays: None <br /> Abstain: Vice-President Cooksley <br /> Absent: Board member Woodard <br /> (c) Consider approval or other action regarding revisions to Section 5.04 of the La Porte Development <br /> Corporation By-Laws and recommending La Porte City Council authorize the revisions — S. <br /> Livingston <br /> Economic Development Coordinator Scott Livingston provided a summary. <br /> Board member Ojeda moved to approve revisions to Section 5.04 of the La Porte Development <br /> Corporation By-Laws and recommending La Porte City Council authorize the revisions. Vice-President <br /> Cooksley seconded. MOTION PASSED. <br /> Ayes: President Warren, Vice-President Cooksley, Board members <br /> Ojeda, Clausen, Engelken and Martin <br /> Nays: None <br /> Absent: Woodard <br /> 3. SET DATE FOR NEXT MEETING—S. Livingston <br /> Board members set the next meeting dates for Monday, February 23, 2015, at 5:00 p.m. and Monday, <br /> March 9, 2015, at 5:00 p.m. <br /> 4. BOARD MEMBER COMMENTS regarding matters appearing on agenda; recognition of community <br /> members, city employees, and upcoming events; inquiry of staff regarding specific factual information <br /> or existing policies. <br /> President Warren reminded Board members that the 2015 Real Estate Conference (ReCon 2015) of <br /> the International Council of Shopping Centers (ICSC) will be held from May 17-20, 2015, in Las Vegas, <br /> Nevada. <br /> 5. EXECUTIVE SESSION — The La Porte Development Corporation reserves the right to meet in executive <br /> session on any agenda item should the need arise and if authorized by the Texas Open Meetings Act, Title <br /> 5, Chapter 551, of the Texas Government Code, including, but not limited to, the following: <br /> Texas Government Code,Section 551.087(2) Deliberation regarding Economic Development negotiations. <br /> Meet with staff of Development Corporation Board and City of La Porte to deliberate offer of financial or <br /> other incentives to business prospect, in connection with Sector 23 Project. <br /> Texas Government Code, Section 551.072(2) Consultation with Attorney <br /> Consultation with attorney for Development Corporation Board regarding Sector 23 Project. <br /> Page 2 of 3 <br /> February 9,2015,La Porte Development Corporation Board Minutes <br />