02-23-15 Meeting of the La Porte Development Corporation Board of Directors minutes

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0 Board member Engelken commented the general practice has been 25% with payback of 10 years or less; and if they honor the guidelines, he would be more inclined to give a thumbs up instead of a thumbs down. Mr. Breaux advised now that they know the guidelines, they can work within them and come back. Board member Martin commented the board needs to adopt guidelines to have in place for projects that may be coming to the board for consideration. President Warren commented it is a good project, but the board does need guidelines. Board member Engelken moved to deny authorizing staff to publish a 60-day public notice of a public hearing to consider awarding an economic development grant to the owners of Fischer's Do It Best Hardware for an amount not to exceed $350,000 due to lack of information. Board member Martin seconded. MOTION PASSED. Ayes: President Warren, Board members Ojeda, Woodard, Clausen, Engelken and Martin Nays: None Absent: Vice-President Cooksley 3. SET DATE FOR NEXT MEETING—S. Livingston Board members set the next meeting dates for Monday, March 9, 2015, at 5:00 p.m.; March 23, 2015, at 4:45 p.m., and April 13, 2015, at 5:00 p.m. 4. STAFF REPORTS (a) Receive Financial Report—M. Dolby;.Finance Director Michael Dolby provided a Financial Report. 5. 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. Board member Engelken commented the board needs to have a future workshop meeting to develop guidelines for the economic development incentive programs; Board member Woodard commented he visited the Pipeline Grill in Baytown, and he was impressed with the operation of the restaurant; Board member Martin commented he would like to see economic development incentive grant policies from the Cities of Baytown, Deer Park and Pasadena; Board member Clausen agreed with a workshop meeting and commented he would like to educate the-public on what are the board's duties with sales taxes for economic development; City Manager Corby Alexander advised staff will be scheduling a workshop meeting; and President Warren thanked everyone for attending the meeting and agreed with everyone's comments. 6. ADJOURN — There being no further business, Board member Engelken moved to adjourn the meeting at 5:53 p.m. Board member Clausen seconded. MOTION PASSED. Respectfully submitted, Patrice Fogarty, d y Sect6tary Passed and approved on this 9th day of March, 2015. Presi ent Richard Warren Page 3 of 3 February 23,2015,La Porte Development Corporation Board Minutes