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There being no public comments, the public hearing closed at 5:10 p.m. <br />Board member Clausen moved to authorize a La Porte Development Corporation project in an <br />amount not to exceed $230,000 for Northern Safety Company, Inc., for promotion of expanded <br />business enterprises, including consolidation of operations at 359 Pike Court in La Porte, Texas and <br />authorizing Board President Richard Warren to execute a Development Agreement with Northern <br />Safety Company, Inc., in connection with such project. Board member Fuller seconded. MOTION <br />PASSED UNANIMOUSLY 6/0. Board member Woodard was absent. <br />4. AUTHORIZATIONS <br />(a) Consider approval or other action authorizing Staff to execute payment in the amount of <br />$75,000.00 to ACT Independent Turbo Services, Inc., in accordance with terms of incentive <br />agreement — T. Leach <br />City Manager Corby Alexander presented a summary. <br />Board member Martin moved to authorize Staff to execute the 1st payment in the amount of <br />$75,000.00 to ACT Independent Turbo Services, Inc., in accordance with the terms of the incentive <br />agreement. Board member Ojeda seconded. MOTION PASSED UNANIMOUSLY 6/0. Board <br />member Woodard was absent. <br />(b) Consider approval or other action authorizing Board President Richard Warren to sign and <br />execute a development agreement with Margaret Lindsey Russell for an enhancement grant <br />project in an amount not to exceed $25,000.00 for property located at 1026 S. 8th Street La Porte, <br />Texas— T. Leach <br />No action was taken as this item was removed from consideration upon the request of applicant. <br />5. SET DATE FOR NEXT MEETING <br />Board members set the next meeting date for Monday, July 25, 2016, at 5:00 p.m. <br />6. 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 />Board member Ojeda asked about former Economic Development Coordinator Scott Livingston's <br />certification and the oversight of a state organization providing the service to assure the Board is <br />operating correctly. City Manager Corby Alexander advised he will update Board members on <br />Mr. Livingston's vacancy and the airport study. <br />7. ADJOURN <br />There being no further business, Board member Engelken moved to adjourn the meeting at 5:24 p.m. <br />Board member Fuller seconded. MOTION PASSED UNANIMOUSLY 6/0. Board member Woodard <br />was absent. <br />Respectfully submitted, <br />�WJ-1, AL11_'.. <br />-.. a <br />Page 2 of 3 <br />June 27, 2016, La Porte Development Corporation Board Minutes <br />